Marion County Healthcare Foundation
- Assets
- $74.8m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 1
- Location
- Mullins, SC
- Founding
- 03/2013
- Data as of
- 12/2023
- EIN
- 57-1126478
Organization Overview
Marion County Healthcare Foundation is located in Mullins, SC. The organization was established in 2013. 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. Marion County Healthcare Foundation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Marion County Healthcare Foundation generated $2.5m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Marion County Healthcare Foundation has awarded 133 individual grants totaling $10,655,663. 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
OUR MISSION IS TO DEVELOP PARTNERSHIPS AND FUND INNOVATIVE PROJECTS THAT IMPROVE THE HEALTH AND PROSPERITY FOR RESIDENTS OF MARION COUNTY. WE DO THIS BY FOCUSING OUR FUNDING IN THE FOLLOWING DETERMINANTS OF A HEALTHY COMMUNITY: ACCESS TO QUALITY HEALTHCARE, IMPROVEMENTS IN PUBLIC EDUCATION AND WORKFORCE AND ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS WERE MADE TO VARIOUS NONPROFIT ORGANIZATIONS WITHIN THE MARION COUNTY AREA TO IMPROVE THE QUALITY OF LIFE IN MARION COUNTY SC.
FUNDING WAS PROVIDED TO MARION COUNTY SCHOOL DISTRICT FOR DISTRICT WIDE IMPROVEMENTS AND TO CULTIVATE EXCELLENCE IN THE DISTRICT
FUNDING WAS PROVIDED TO THE CITY OF MARION FOR LIGHTS AT THEIR RECREATION AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gangatharan Mathisuthan Board Member | Trustee | 0.57 | $4,600 |
Edwin P Rogers Board Member | Trustee | 0.57 | $4,800 |
Wayne George Treasurer | Trustee | 0.57 | $4,800 |
Edward Whittington Board Member | Trustee | 0.57 | $3,700 |
Johnny Floyd Board Member | Trustee | 0.57 | $6,000 |
Beth Klauber Vice Chair | Trustee | 0.57 | $4,800 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $1,622,380 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $860,996 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,486,725 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $469,194 |
| 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. | $137,500 |
| Compensation of current officers, directors, key employees. | $137,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,569 |
| Payroll taxes | $0 |
| Fees for services: Management | $67,900 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,340 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $410,672 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,738 |
| Information technology | $7,890 |
| Royalties | $0 |
| Occupancy | $15,726 |
| Travel | $530 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,629 |
| Interest | $12,228 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,980 |
| Insurance | $14,353 |
| All other expenses | $0 |
| Total functional expenses | $1,233,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $414,442 |
| 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 | $500,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $121,038 |
| Investments—publicly traded securities | $73,494,354 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $227,252 |
| Total assets | $74,757,086 |
| Accounts payable and accrued expenses | $9,324 |
| 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 | $9,324 |
| Net assets without donor restrictions | $74,747,762 |
| 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 | $74,757,086 |
Grants Awarded
Over the last fiscal year, Marion County Healthcare Foundation has awarded $425,199 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: BIOMEDICAL BLOOD PROGRAM SERVICES | $15,000 |
AMAZING GRACE PARK PURPOSE: COMMUNITY PARK OPERATIONS YR. 3 OF 3 | $56,000 |
CITY OF MARION PURPOSE: RECREATION LIGHTS (YR. 1 OF 5) | $82,400 |
HABITAT FOR HUMANITY PURPOSE: EMERGENCY GENERATOR | $14,000 |
HEALTHY LEARNERS PURPOSE: HEALTH RELATED SERVICES | $25,000 |
HISTORIC MARION REVITALIZATION PURPOSE: DOWNTOWN FACADE RENOVATIONS | $15,449 |