The Spartanburg Regional Healthcare System Foundation
- Assets
- $52.6m
- Revenue
- $9.4m
- Investments
- $2.2m
- Employees
- 0
- Location
- Spartanburg, SC
- Founding
- 12/1991
- Data as of
- 09/2023
- EIN
- 57-0937166
Organization Overview
The Spartanburg Regional Healthcare System Foundation is located in Spartanburg, SC. The organization was established in 1991. 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. Spartanburg Regional Healthcare System 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 09/2023, Spartanburg Regional Healthcare System Foundation generated $9.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $9.0m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Spartanburg Regional Healthcare System Foundation has awarded 259 individual grants totaling $9,443,867. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S PURPOSE IS TO PROVIDE FINANCIAL SUPPORT FOR SPARTANBURG REGIONAL HEALTHCARE SYSTEM (SRHS). THE FOUNDATION PROMOTES HEALTH BY FUNDING SPECIFIC PROJECTS THAT BENEFIT THE WELLBEING OF THE COMMUNITY IN ACCORDANCE WITH DONOR-IMPOSED RESTRICTIONS. THE FOUNDATION ALSO AWARDS GRANTS TO SRHS AND OTHER COMMUNITY ORGANIZATIONS WHOSE FOCUS IS HEALTH AND WELLNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH GRANTS AND CONTRIBUTIONS FROM DONORS, SPARTANBURG REGIONAL FOUNDATION SUPPORTS THE HEALTH AND WELLBEING OF THE COMMUNITY. IN FY23, THE FOUNDATION PROVIDED FUNDING FOR MORE THAN 70 PROJECTS THAT PROMOTE HEALTH IN ACCORDANCE WITH DONOR DESIGNATIONS. A SMALL SAMPLE OF THE ACCOMPLISHMENTS ACHIEVED WITH THESE FUNDS INCLUDE:1. SERVED 7,000 ADOLESCENTS THROUGH THE CONNECT SPARTANBURG COLLABORATION USING EVIDENCE-BASED TEEN PREGNANCY PREVENTION PROGRAMS2. PROVIDED FINANCIAL ASSISTANCE TO MORE THAN 700 PATIENTS THROUGH VARIOUS FUNDS FOR HELP WITH PRESCRIPTIONS, MEDICAL EQUIPMENT, AND OTHER NEEDS WHILE UNDERGOING TREATMENT3. SUPPORTED THE COMMUNITY PARAMEDICINE PROGRAM, WHICH REDUCED HOSPITAL ADMISSION OF HEART FAILURE PATIENTS ENROLLED IN THE PROGRAM BY 25%
SPARTANBURG REGIONAL FOUNDATION AWARDS GRANTS TO AREAS OF SPARTANBURG REGIONAL HEALTHCARE SYSTEM FROM ITS UNRESTRICTED FUNDS THROUGH AN ANNUAL GRANT CYCLE. IN FY23, $469,600 WAS AWARDED FOR DIFFERENT HOSPITAL PROJECTS. JUST A FEW OF THE AREAS FUNDED INCLUDE:1. FUNDING TO IMPLEMENT AN ELECTRONIC REFERRAL PLATFORM TO CONNECT SRHS WITH COMMUNITY-BASED ORGANIZATIONS FOR COORDINATION AND CONTINUITY OF CARE FOR PATIENTS2. FUNDING TO UPDATE THE SURGICAL TRAINING FACILITY AT SPARTANBURG MEDICAL CENTER3. FUNDING EDUCATION ACROSS SEVERAL AREAS INCLUDING EATING DISORDER AWARENESS AND PREVENTION, DIGITAL LITERACY FOR PATIENTS, AND CONTINUING EDUCATION FOR PARAMEDICS.
SPARTANBURG REGIONAL FOUNDATION MAKES AN IMPACT ON COMMUNITY HEALTH IN THE UPSTATE OF SOUTH CAROLINA BY AWARDING GRANTS TO LOCAL NONPROFIT ORGANIZATIONS. GRANT REQUESTS ARE REVIEWED BY A COMMITTEE OF FOUNDATION BOARD MEMBERS AND COMMUNITY VOLUNTEERS, WHO MAKE RECOMMENDATIONS TO THE FOUNDATION'S BOARD OF TRUSTEES. IN FY23, THE FOUNDATION FUNDED 15 COMMUNITY GRANTS TOTALING $117,400. THE PROGRAMS FUNDED INCLUDE COUNSELING SERVICES FOR UNDERSERVED POPULATIONS AND WOMEN IN CRISIS, COMPREHENSIVE SERVICES TO COMBAT SUBSTANCE ABUSE, IMPROVING ACCESS TO DENTAL AND VISION CARE, AND MANY OTHER PROGRAMS THAT IMPROVE ACCESS TO CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon A Jensen Chair | OfficerTrustee | 1 | $0 |
Vic Bailey III Vice Chair | OfficerTrustee | 1 | $0 |
Mitch Kennedy Treasurer | OfficerTrustee | 1 | $0 |
Garrow Crowley Secretary | OfficerTrustee | 1 | $0 |
Anne P Flynn Immediate Past Chair | OfficerTrustee | 1 | $0 |
Heather Allen MD Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $58,364 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,222,361 |
| Government grants | $1,540,151 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,569,345 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,390,221 |
| Total Program Service Revenue | $0 |
| Investment income | $1,650,548 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $334,625 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,375,394 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,578,356 |
| 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 | $1,165,817 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $284,199 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $60,959 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $187,483 |
| Fees for services: Other | $60,563 |
| Advertising and promotion | $48,101 |
| Office expenses | $40,130 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $288,432 |
| Travel | $6,188 |
| 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 | $107,508 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $8,997,468 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $306,845 |
| Pledges and grants receivable | $886,359 |
| Accounts receivable, net | $320,815 |
| 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 | $42,914 |
| Net Land, buildings, and equipment | $332,500 |
| Investments—publicly traded securities | $48,556,372 |
| Investments—other securities | $2,158,641 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $52,604,446 |
| Accounts payable and accrued expenses | $425,499 |
| Grants payable | $0 |
| Deferred revenue | $250,292 |
| 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 | $601,945 |
| Total liabilities | $1,277,736 |
| Net assets without donor restrictions | $17,552,229 |
| Net assets with donor restrictions | $33,774,481 |
| 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 | $52,604,446 |
Grants Awarded
Over the last fiscal year, The Spartanburg Regional Healthcare System Foundation has awarded $1,587,000 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
SRHS - CHEROKEE MEDICAL CENTER PURPOSE: TO UPGRADE AN OUTDOOR COURTYARD USED BY STAFF, PATIENTS, AND VISITORS | $56,032 |
SRHS - PROJECT SEARCH PURPOSE: TO FUND EDUCATIONAL SUPPLIES AND LEARNING PROGRAMS FOR PROJECT SEARCH INTERNS | $15,797 |
SRHS - COMMUNITY HEALTH PURPOSE: TO IMPLEMENT AN ELECTRONIC REFERRAL PLATFORM CONNECTING SRHS TO COMMUNITY-BASED ORGANIZATIONS TO IMPROVE COORDINATION AND CONTINUTIY OF CARE FOR PATIENTS | $70,000 |
SRHS - CORPORATE EDUCATION PURPOSE: TO FUND EDUCATIONAL SUPPLIES AND VIDEO PRODUCTION HIGHLIGHTING CAREERS IN HEALTHCARE FOR MIDDLE AND HIGH SCHOOL STUDENTS | $30,000 |
SRHS - ELLEN SAGAR NURSING CENTER PURPOSE: TO FUND A SAFE OUTDOOR AREA FOR COGNITIVELY IMPAIRED RESIDENTS | $25,000 |
SRHS - COMMUNITY OUTREACH PURPOSE: TO PROVIDE DIGITAL LITERACY WORKSHOPS FOR PATIENTS TO IMPROVE SELF-SUFFICIENT USE OF MOBILE DEVICES | $6,000 |