Oconee Medical Holding
- Assets
- $32.1m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Seneca, SC
- Founding
- 01/1956
- Data as of
- 09/2023
- EIN
- 57-0357963
Organization Overview
Oconee Medical Holding is located in Seneca, SC. The organization was established in 1956. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, 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. Oconee Medical Holding is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO OWN AND OVERSEE THE OPERATION OF THE HOSPITAL PROPERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EFFECTIVE OCTOBER 1, 2014 ALL HEALTH CARE AND HOSPITAL OPERATIONS WERE TRANSFERRED TO THE GREENVILLE HEALTH SYSTEM AS LONG TERM LESSEE/NEW OPERATOR PURSUANT TO A LEASE AND CONTRIBUTION AGREEMENT. THE CORPORATION CHANGED ITS NAME TO OCONEE MEDICAL HOLDINGS, AND RETAINS FEE OWNERSHIP AND CONTROL OF THE REAL PROPERTY AND IMPROVEMENTS. THE CORPORATION PROVIDES OVERSIGHT OF THE LESSEE'S USE OF THE PROPERTY TO MEET THE HEALTH CARE NEEDS OF THE COMMUNITY, AND RECEIVES SUPPORT FROM THE LESSEE PURSUANT TO THE LEASE. THE GREENVILLE HEALTH SYSTEM (NOW KNOWN AS THE GREENVILLE HEALTH AUTHORITY) ASSIGNED ITS INTEREST IN THE HEALTH CARE OPERATIONS AND ITS LONG TERM LEASEHOLD INTEREST IN THE CORPORATION'S REAL PROPERTY AND IMPROVEMENTS TO THE UPSTATE AFFILIATE, WHOSE NAME WAS SUBSEQUENTLY CHANGED TO PRISMA HEALTH-UPSTATE, AND WHOM SERVES AS THE CURRENT LESSEE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice Chairman | OfficerTrustee | 0.3 | $0 |
Name Not Listed Secretary/treasurer | OfficerTrustee | 0.3 | $0 |
Name Not Listed Chairman | OfficerTrustee | 0.3 | $0 |
Name Not Listed Director | Trustee | 0.3 | $0 |
Name Not Listed Director | Trustee | 0.3 | $0 |
Name Not Listed Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,388,033 |
| Noncash contributions included in lines 1a–1f | $6,388,033 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,388,033 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,648,871 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,739,162 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,484,628 |
| Insurance | $31,265 |
| All other expenses | $0 |
| Total functional expenses | $2,515,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $32,082,847 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $32,082,847 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $32,082,847 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $32,082,847 |