Piedmont Healthcare Foundation Inc
- Assets
- $42.5m
- Revenue
- $46.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 01/2020
- Data as of
- 06/2021
- EIN
- 58-1272768
Organization Overview
Piedmont Healthcare Foundation Inc is located in Atlanta, GA. The organization was established in 2020. 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. Piedmont Healthcare 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 06/2021, Piedmont Healthcare Foundation Inc generated $46.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 35.7% each year . All expenses for the organization totaled $1.4m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PIEDMONT HEALTHCARE FOUNDATION GENERATES AND STEWARDS PIEDMONT HEALTHCARES PHILANTHROPIC SUPPORT TO TRANSFORM IT INTO VALUABLE GIFTS FOR ITS COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICES: REALIZING THAT PIEDMONT HEALTHCARE RELIES UPON THE GENEROSITY AND VISION OF COMMUNITY-MINDED CITIZENS, THE PIEDMONT HEALTHCARE FOUNDATION ("PHF") PROVIDES THE VOLUNTEER LEADERSHIP THAT ASSURES PIEDMONT HEALTHCARE'S PHILANTHROPIC SUPPORT IS GENERATED, STEWARDED AND TRANSFORMED INTO VALUABLE GIFTS MEETING THE IMMEDIATE AND FUTURE HEALTHCARE NEEDS OF THE REGION. DURING FISCAL YEAR 2021, PHF PLAYED AN INTEGRAL ROLE IN THE GENERATION AND MANAGEMENT OF OVER $44.6 MILLION IN GRANTS AND CONTRIBUTIONS FOR ITSELF AND THE ORGANIZATIONS IT SUPPORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Bert Levy Chair | OfficerTrustee | 1 | $0 |
Mr Sidney Kirschner Chief Philanthropy Officer | OfficerTrustee | 54 | $0 |
Ms Elizabeth Leddy Secretary | Officer | 1 | $0 |
Mr Michael Mcander Treasurer (end 7/20) | Officer | 1 | $0 |
Mr Thomas Arnold Treasurer (eff 7/20) | Officer | 1 | $0 |
Dr Lily Henson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $51,706 |
| Related organizations | $0 |
| Government grants | $56,728 |
| All other contributions, gifts, grants, and similar amounts not included above | $43,853,244 |
| Noncash contributions included in lines 1a–1f | $836,567 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,961,678 |
| Total Program Service Revenue | $0 |
| Investment income | $2,051,226 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $14,844 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,027,748 |
| 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 | $1,012,569 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $198,875 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,000 |
| 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 | $122,702 |
| Advertising and promotion | $1,677 |
| Office expenses | $69,396 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8 |
| 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 | $7,520 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,424,497 |
| 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 | $42,509 |
| Investments—publicly traded securities | $42,416,050 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $42,458,559 |
| Accounts payable and accrued expenses | -$21,565 |
| Grants payable | $62,892,337 |
| Deferred revenue | $2,203 |
| 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 | $62,872,975 |
| Net assets without donor restrictions | -$21,169,950 |
| Net assets with donor restrictions | $755,534 |
| 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 | $42,458,559 |
Grants Recieved
Over the last fiscal year, we have identified 31 grants that Piedmont Healthcare Foundation Inc has recieved totaling $27,746,685.
| Awarding Organization | Amount |
|---|---|
Marcus Foundation Inc Atlanta, GA PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | $10,343,074 |
Marcus Foundation Inc Atlanta, GA PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | $10,000,000 |
James M Cox Foundation Of Ga Inc Atlanta, GA PURPOSE: CAPITAL CAMPAIGN SUPPORT | $2,000,000 |
The@john And Rosemary Brown Family Foundation Atlanta, GA PURPOSE: GENERAL | $1,225,000 |
The@john And Rosemary Brown Family Foundation Atlanta, GA PURPOSE: GENERAL | $1,000,000 |
Carlos And Marguerite Mason Foundation Las Vegas, NV PURPOSE: GENERAL SUPPORT | $800,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Armc Physicians Care Inc Greensboro, NC | $1,939,063 | $13,036,879 |
Macon County General Hospital Inc Lafayette, TN | $17,643,586 | $20,536,652 |
Healthcare Foundation Of Wilson Wilson, NC | $207,911,505 | $10,473,791 |
Alleghany County Memorial Hospital Inc Sparta, NC | $23,031,959 | $15,886,871 |
Baptist Memorial Hospital - Calhoun Inc Memphis, TN | $7,688,599 | $15,196,483 |
Madison County Hospital Health Systems Inc Madison, FL | $21,232,395 | $16,268,101 |
Wellstar Sylvan Grove Hospital Inc Marietta, GA | $8,619,975 | $16,516,673 |
Bethesda Hospital Foundation Inc Boynton Beach, FL | $0 | $15,727,989 |
Pender Memorial Hospital Incorporated Burgaw, NC | $39,814,102 | $13,183,408 |
Calhoun-Liberty Hospital Association Inc Blountstown, FL | $15,521,432 | $17,868,224 |
Copper Basin Community Hospital Inc Copperhill, TN | $1,227,357 | $12,149,873 |
Kershawhealth Camden, SC | $123,086,645 | $13,029,458 |