Lexington Medical Center Foundation Inc
- Assets
- $16.4m
- Revenue
- $11.6m
- Investments
- $0.0
- Employees
- 0
- Location
- West Columbia, SC
- Founding
- 04/1990
- Data as of
- 09/2023
- EIN
- 57-0906045
Organization Overview
Lexington Medical Center Foundation Inc is located in West Columbia, SC. The organization was established in 1990. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Lexington Medical Center Foundation Inc 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 09/2023, Lexington Medical Center Foundation Inc generated $11.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 33.8% each year . All expenses for the organization totaled $3.7m during the year ending 09/2023. While expenses have increased by 13.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENSURE THAT QUALITY HEALTH SERVICES AND PATIENT-CENTERED CARE ARE AVAILABLE FOR THE PEOPLE OF THE MIDLANDS THROUGH THE DEVELOPMENT OF PHILANTHROPIC RESOURCES ON A SUSTAINING BASIS TO SUPPORT LEXINGTON HEALTH INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WE CARE PROGRAM PROVIDES GRANTS FOR INNOVATIVE PROGRAMS, EQUIPMENT, AND PATIENT CARE ITEMS AND SERVICES TO ENHANCE PATIENT CARE THROUGHOUT LEXINGTON HEALTH INC. THE PROGRAMS AND SERVICES FUNDED THROUGH WE CARE HELP OUR HOSPITAL TO DELIVER EXCEPTIONAL, COMPASSIONATE CARE TO OUR PATIENTS AND COMMUNITY.
THE MISSION OF THE COMMUNITY OUTREACH COMMITTEE FUNDING IS TO PROVIDE SUPPORT FOR MIDLAND'S COMMUNITY ORGANIZATIONS THAT PROVIDE HEALTHCARE OR MEDICAL SERVICES ARE STRATEGICALLY ALIGNED WITH LEXINGTON HEALTH INC'S ORGANIZATIONAL GOALS. EXTERNAL FUNDING REQUESTS MUST ADDRESS COMMUNITY HEALTH CARE NEEDS, ADHERE TO THE CORE MISSION OF THE HOSPITAL, BRIDGE THE HEALTH CARE GAPS WITHIN OUR SERVICE AREA OR REFLECT PROJECTS THAT ARE DEEMED TO BE IN THE BEST INTEREST OF THE HOSPITAL. ORGANIZATIONS MUST BE A NON-PROFIT ORGANIZATION UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE OR OTHER APPROVED ACCREDITED AGENCY.
THE HEALTHCARE SCHOLARHSIP PROGRAM PROVIDES SCHOLARSHIPS TO OUTSTANDING HEALTHCARE STUDENTS IN THE COMMUNITY, MANY OF WHO WORK OR PLAN TO WORK AT LEXINGTON MEDICAL CENTER. THESE SCHOLARSHIPS ARE AN INVESTMENT TO BUILD A HIGHLY-SKILLED AND PASSIONATE HEALTHCARE WORKFORCE IN OUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anuka Champaneri Board Member | Trustee | 0.1 | $0 |
Clark Havird Board Member | Trustee | 0.1 | $0 |
Dr Robert Callis Board Member | Trustee | 0.1 | $0 |
Jackee Moye Board Member | Trustee | 0.1 | $0 |
Kenyon Wells Board Member | Trustee | 0.1 | $0 |
Melisa Mcleod Board Member | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $41,352 |
| Fundraising events | $292,209 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,998,431 |
| Noncash contributions included in lines 1a–1f | $6,925,413 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,331,992 |
| Total Program Service Revenue | $0 |
| Investment income | $372,697 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $807,793 |
| Net Income from Fundraising Events | $111,090 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,623,572 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,004,097 |
| Grants and other assistance to domestic individuals. | $318,500 |
| 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 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 | $92,500 |
| Office expenses | $18,417 |
| 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 | $88,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $7,979 |
| Total functional expenses | $3,690,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,573,615 |
| Savings and temporary cash investments | $739,480 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,581 |
| 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 | $0 |
| Investments—publicly traded securities | $13,826,379 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $241,222 |
| Total assets | $16,419,277 |
| Accounts payable and accrued expenses | $188 |
| 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 | $47,096 |
| Total liabilities | $47,284 |
| Net assets without donor restrictions | $11,400,424 |
| Net assets with donor restrictions | $4,971,569 |
| 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 | $16,419,277 |
Grants Awarded
Over the last fiscal year, Lexington Medical Center Foundation Inc has awarded $1,920,987 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LEXINGTON HEALTH INC PURPOSE: THE MISSION OF THE COMMUNITY OUTREACH COMMITTEE FUNDING IS TO PROVIDE SUPPORT FOR MIDLAND'S COMMUNITY ORGANIZATIONS THAT PROVIDE HEALTHCARE OR MEDICAL SERVICES AND ARE STRATEGICALLY ALIGNED WITH LMC'S ORGANIZATIONAL GOALS. EXTERNAL FUNDING REQUESTS MUST ADDRESS COMMUNITY HEALTH CARE NEEDS, ADHERE TO THE CORE MISSION OF THE HOPSITAL, BRIDGE THE HEALTH CARE GAPS WITHIN OUR SERVICE AREA, OR REFLECT PROJECTS THAT ARE DEEMED TO BE IN TEH BEST INTEREST OF THE HOSPITAL. ORGANIZATIONS MUST BE A NON-PROFIT ORGANIZATION UNDER 501(C)3 OF THE INTERNAL REVENUE CODE OR OTHER APPROVED ACCREDITED AGENCY. | $930,650 |
LEXINGTON HEALTH INC PURPOSE: WECARE PROVIDES SUPPORT WITH ITEMS THAT ENHANCE PATIENT CARE AND PARTNERS PROGRAM PROVIDES INTERNSHIPS FOR APROXIMATELY 100 STUDENTS. | $590,337 |
LEXINGTON COUNTY HEALTH SERVICE DISTRICT PURPOSE: THE MISSION OF THE COMMUNITY OUTREACH COMMITTEE FUNDING IS TO PROVIDE SUPPORT FOR MIDLAND'S COMMUNITY ORGANIZATIONS THAT PROVIDE HEALTHCARE OR MEDICAL SERVICES AND ARE STRATEGICALLY ALIGNED WITH LMC'S ORGANIZATIONAL GOALS. EXTERNAL FUNDING REQUESTS MUST ADDRESS COMMUNITY HEALTH CARE NEEDS, ADHERE TO THE CORE MISSION OF THE HOPSITAL, BRIDGE THE HEALTH CARE GAPS WITHIN OUR SERVICE AREA, OR REFLECT PROJECTS THAT ARE DEEMED TO BE IN TEH BEST INTEREST OF THE HOSPITAL. ORGANIZATIONS MUST BE A NON-PROFIT ORGANIZATION UNDER 501(C)3 OF THE INTERNAL REVENUE CODE OR OTHER APPROVED ACCREDITED AGENCY. | $400,000 |