Prisma Health Midlands Foundation
- Assets
- $35.3m
- Revenue
- $3.4m
- Investments
- $3.9m
- Employees
- 19
- Location
- Columbia, SC
- Founding
- 02/1982
- Data as of
- 09/2022
- EIN
- 57-0725699
Organization Overview
Prisma Health Midlands Foundation is located in Columbia, SC. The organization was established in 1982. 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. As of 09/2022, Prisma Health Midlands Foundation employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prisma Health Midlands 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 09/2022, Prisma Health Midlands Foundation generated $3.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $2.8m during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (14.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION EXISTS TO SUPPORT THE MISSION AND PURPOSES OF PRISMA HEALTH AND ITS RELATED ACTIVITIES. THIS IS ACCOMPLISHED BY BUILDING AWARENESS OF KEY HEALTH ISSUES IN THE COMMUNITY AND DEVELOPING FINANCIAL RESOURCES FOR PRISMA HEALTH TO USE IN ADDRESSING SUCH ISSUES.THE INITIATIVES OF THE FOUNDATION ARE LINKED TO THE STRATEGIC PLAN OF PRISMA HEALTH AND MEASURED TO IMPROVE THE PHYSICAL, EMOTIONAL, AND SPIRITUAL HEALTH OF OUR COMMUNITY. WE SHARE THIS FUNDAMENTAL COMMITMENT IN IMPROVING THE HUMAN CONDITION IN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTION TO PRISMA HEALTH FOR CAPITAL IMPROVEMENTS AND EQUIPMENT IN SERVICE AREAS INCLUDING WOMEN'S SERVICES, CHILDREN'S HOSPITAL PROGRAMS, BAPTIST PROGRAM, BREAST HEALTH, PARKRIDGE, PRISMA HEALTH CANCER CENTERS AND SIMULATION CENTER.
CONTRIBUTION TO PRISMA HEALTH FOR PATIENT CARE AND CLINICAL PERFORMANCE IN SERVICE AREAS INCLUDING HOSPICE, BEHAVORIAL HEALTH, CAMP KEMO & PEDIATRIC ONCOLOGY, CHILDREN'S HOSPITAL PROGRAMS, GERIATRICS, OTHER DESIGNATED CHILDREN'S HOSPITAL PROGRAMS AND CHILD LIFE.
CONTRIBUTION TO PRISMA HEALTH FOR EDUCATIONAL SCHOLORSHIP PROGRAMS TO IMPROVE EMPLOYEE SATISFACTION AND THEREBY IMPROVE PATIENT CARE.
CONTRIBUTION TO PRISMA HEALTH FOR OTHER HEALTHCARE AND COMMUNITY INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel J Tennebaum President Thru June 2021 | Officer | 40 | $211,557 |
Lynne Pitzer VP And Cfo/interim President | Officer | 40 | $186,075 |
Katherine W Davis Sr. Vp, Major Gifts | Officer | 40 | $130,611 |
Diane W Junis Div Director, Major Gifts Thru Aug 2021 | Officer | 40 | $110,995 |
Amy Coward VP Public Relations Thru June 2021 | Officer | 40 | $108,108 |
Samer Abraham Chair Elect | OfficerTrustee | 0.48 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,631,245 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,030,651 |
| Noncash contributions included in lines 1a–1f | $137,286 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,661,896 |
| Total Program Service Revenue | $0 |
| Investment income | $478,410 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $265,607 |
| Net Gain/Loss on Asset Sales | -$2,124,896 |
| Net Income from Fundraising Events | $142,529 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,423,546 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,412,047 |
| 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. | $346,735 |
| Compensation of current officers, directors, key employees. | $58,806 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $867,655 |
| Pension plan accruals and contributions | $31,479 |
| Other employee benefits | $50,842 |
| Payroll taxes | $83,360 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $79,793 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $100,444 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $21,056 |
| Information technology | $157,416 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $313 |
| 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 | $52,860 |
| Insurance | $9,530 |
| All other expenses | -$1,880,755 |
| Total functional expenses | $2,804,533 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,512,875 |
| Savings and temporary cash investments | $2,035,093 |
| Pledges and grants receivable | $529,256 |
| Accounts receivable, net | $8,898 |
| 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 | $53,734 |
| Net Land, buildings, and equipment | $972 |
| Investments—publicly traded securities | $27,311,166 |
| Investments—other securities | $3,873,405 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,093 |
| Total assets | $35,337,492 |
| Accounts payable and accrued expenses | $600,006 |
| Grants payable | $0 |
| Deferred revenue | $448,432 |
| 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 | $1,048,438 |
| Net assets without donor restrictions | $9,206,243 |
| Net assets with donor restrictions | $25,082,811 |
| 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 | $35,337,492 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Prisma Health Midlands Foundation has recieved totaling $378,026.
| Awarding Organization | Amount |
|---|---|
Curing Kids Cancer Inc Marietta, GA PURPOSE: RESEARCH | $210,000 |
Dorothy D Smith Charitable Foundation Columbia, SC PURPOSE: GENERAL FUND | $50,000 |
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: PRESENTING SPONSOR FOR WALK FOR LIFE | $30,000 |
Bonner Family Private Foundation Inc Lexington, SC PURPOSE: BAPTIST FAMILY PLACE | $22,000 |
Care Camps Ogdensburg, NY PURPOSE: Grant to provide assistance for children with cancer to go to camp | $16,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,010 |
Endowment Analysis
| Beg. Balance | $20,339,905 |
| Earnings | -$3,201,098 |
| Net Contributions | $5,181 |
| Other Expense | $339,536 |
| Ending Balance | $16,804,452 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hopeway Foundation Charlotte, NC | $32,563,344 | $14,897,275 |
Randolph Cancer Center Llc Asheboro, NC | $0 | $11,508,289 |
Medical Center Foundation Inc Gainesville, GA | $39,439,884 | $6,805,753 |
Archbold Foundation Inc Thomasville, GA | $120,664,372 | $4,326,190 |
A G Rhodes Health & Rehab Management Inc Atlanta, GA | $5,425,018 | $4,030,975 |
Dalton-Whitfield Additional Tr Dalton, GA | $59,216,928 | $4,019,283 |
Scha Foundation Inc Columbia, SC | $8,740,174 | $2,392,397 |
Prisma Health Midlands Foundation Columbia, SC | $35,337,492 | $3,423,546 |
Rhg Housing Foundation Inc Atlanta, GA | $58,363,106 | $4,791,914 |
Mountaincare Inc Asheville, NC | $3,240,246 | $2,970,671 |
Women As One Inc Asheville, NC | $1,277,711 | $1,588,511 |
New Found Community Foundation Inc Atlanta, GA | $63,961,647 | $4,625,452 |