Atrium Health Foundation
- Assets
- $499.5m
- Revenue
- $114.6m
- Investments
- $34.5m
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 12/1960
- Data as of
- 12/2021
- EIN
- 56-6060481
Organization Overview
Atrium Health Foundation is located in Charlotte, NC. The organization was established in 1960. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atrium Health Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Atrium Health Foundation generated $114.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $38.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Atrium Health Foundation has awarded 142 individual grants totaling $149,901,269. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT FOR ATRIUM HEALTH (AH) PROGRAMS & FACILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR CANCER PROGRAMS & RESEARCH: PROVIDE SUBSTANTIAL OPERATIONAL FUNDING FOR A VARIETY OF CANCER PROGRAMS AND RESEARCH INITIATIVES CONDUCTED BY AH HOSPITALS.
SUPPORT FOR MEDICAL EDUCATION PROGRAMS: PROVIDED OPERATIONAL FUNDING FOR A VARIETY OF MEDICAL EDUCATION PROGRAMS CONDUCTED BY AH HOSPITALS TO BROADEN MEDICAL KNOWLEDGE, TRAIN HUNDREDS OF NEW MEDICAL PROFESSIONALS, AND ENHANCE MEDICAL CARE FOR THOUSANDS OF PATIENTS IN THE CAROLINAS.
SUPPORT FOR CHILDREN'S PROGRAMS & SERVICES: PROVIDED SIGNIFICANT SUPPORT FOR MEDICAL EQUIPMENT & PROGRAMMING IN NEWBORN & PEDIATRIC UNITS THROUGHOUT AH HOSPITALS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Armando L Chardiet President | Officer | 50 | $0 |
Electa E Mcpherson SVP Operations | Officer | 50 | $0 |
Mark L Griffith Vp, Development | Officer | 50 | $0 |
Kirstin E Ashford Vp, Chief Of Staff | Officer | 50 | $0 |
Ryan Marshall Avp, Development | 40 | $0 | |
Rachel Ellis Avp, Corp & Fdn Relations/grants | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Silchester Investment Management | 12/30/22 | $131,702 |
Barry Baker Design Commercial Art & Graphic Design | 12/30/22 | $201,367 |
Northern Trust Investment Management | 12/30/22 | $111,597 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,202,490 |
| Investment income | $4,374,932 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $947,898 |
| Net Gain/Loss on Asset Sales | $25,223,695 |
| Net Income from Fundraising Events | -$173,613 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $114,575,402 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $4,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $4,610,419 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,095 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,007,500 |
| Fees for services: Other | $44,200 |
| Advertising and promotion | $497,711 |
| Office expenses | $164,557 |
| Information technology | $214,571 |
| Royalties | $0 |
| Occupancy | $103,056 |
| Travel | $9,438 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $677 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $261,648 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $38,005,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,026,442 |
| Pledges and grants receivable | $95,136,850 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $422,094 |
| Investments—publicly traded securities | $354,999,040 |
| Investments—other securities | $34,531,264 |
| Investments—program-related | $5,509,021 |
| Intangible assets | $0 |
| Other assets | $723,052 |
| Total assets | $499,528,498 |
| Accounts payable and accrued expenses | $2,094,916 |
| Grants payable | $40,000 |
| Deferred revenue | $993,623 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,417,458 |
| Total liabilities | $5,545,997 |
| Net assets without donor restrictions | $12,433,689 |
| Net assets with donor restrictions | $481,548,812 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $493,982,501 |
Grants Awarded
Over the last fiscal year, Atrium Health Foundation has awarded $36,845,352 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
ATRIUM HEALTH PURPOSE: BEHAVIORAL HEALTH PROGRAMS & PSYCHIATRY RESIDENCY EDUCATION | $680,493 |
ATRIUM HEALTH PURPOSE: CANCER PROGRAMS & RESEARCH | $5,078,739 |
ATRIUM HEALTH PURPOSE: CAROLINAS NEUROMUSCULAR/ALS CENTER | $291,239 |
ATRIUM HEALTH PURPOSE: CAROLINAS REHABILITATION OUTREACH PROGRAMS | $143,897 |
ATRIUM HEALTH PURPOSE: CMC - MERCY FACILITIES & PROGRAMS | $36,579 |
ATRIUM HEALTH PURPOSE: CHILDREN'S & NEWBORN PROGRAMS | $9,022,026 |