Hospice Of The Piedmont Inc
- Assets
- $40.3m
- Revenue
- $25.3m
- Investments
- $14.3m
- Employees
- 251
- Location
- High Point, NC
- Founding
- 02/1982
- Data as of
- 12/2021
- EIN
- 58-1453827
Organization Overview
Hospice Of The Piedmont Inc is located in High Point, NC. The organization was established in 1982. According to its NTEE Classification (P74) the organization is classified as: Hospices, under the broad grouping of Human Services and related organizations. As of 12/2021, Hospice Of The Piedmont Inc employed 251 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hospice Of The Piedmont 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 12/2021, Hospice Of The Piedmont Inc generated $25.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $23.8m during the year ending 12/2021. While expenses have increased by 10.8% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PALLIATIVE CARE TO PATIENTS WITH A PROGNOSIS OF SIX MONTHS OR LESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOSPICE HOMECARE: AN INTERDISCIPLINARY TEAM APPROACH TO END-OF-LIFE CARE THAT ADDRESSES THE PHYSICAL, EMOTIONAL, AND SPIRITUAL NEEDS OF INDIVIDUALS FACING A LIFE-LIMITING ILLNESS AND PROGNOSIS OF SIX MONTHS OR LESS. CARE IS PALLIATIVE IN NATURE, SEEKING COMFORT RATHER THAN CURE.
HOSPICE FACILITY CARE: HOSPICE HOME AT HIGH POINT AND THE RANDOLPH HOSPICE HOUSE PROVIDE CARE IN A HOME-LIKE SETTING FOR THOSE WHO NEED MORE SKILLED CARE FOR SYMPTOM MANAGEMENT, WHO MAY NOT HAVE A CAREGIVER AT HOME, OR WHOSE PRIMARY CAREGIVER NEEDS A BRIEF RESPITE.
PIEDMONT PALLIATIVE CARE SERVICES (PPCS): PHYSICIANS AND NURSE PRACTITIONERS CERTIFIED IN PALLIATIVE MEDICINE PROVIDE SYMPTOM MANAGEMENT CONSULTATIONS TO PATIENTS. PPCS ALSO DEVELOPS A HOME-BASED INTERDISCIPLINARY PALLIATIVE CARE VISITING PROGRAM (CARE CONNECTION).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Baruch Hospice & Palliative Specialist | 40 | $253,534 | |
Homa Magsi Chief Medical Officer | 40 | $252,733 | |
Scott Murkin Associate Medical Director | 40 | $219,644 | |
William Cockerham President & CEO | Officer | 40 | $218,224 |
Patricia Shevlin MD Associate Medical Director | 40 | $204,674 | |
Karen Cross Hospice & Palliative Specialist | 40 | $190,537 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wesleyan Arms Inc Nursing Home Services | 12/30/21 | $426,351 |
Palmetto Oxygen Durable Medical Equipment | 12/30/21 | $519,201 |
Sunbridge Meridian Center Nursing Home Services | 12/30/21 | $323,936 |
Optum Hospice Pharmacy Service Medications | 12/30/21 | $565,551 |
Woodland Hill Care & Rehab Nursing Home Services | 12/30/21 | $318,828 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $114,832 |
| Membership dues | $0 |
| Fundraising events | $147,090 |
| Related organizations | $0 |
| Government grants | $705,180 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,128,785 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,095,887 |
| Total Program Service Revenue | $22,301,421 |
| Investment income | $466,166 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $430,687 |
| Net Income from Fundraising Events | $9,587 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,303,748 |
| 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. | $1,733,216 |
| Compensation of current officers, directors, key employees. | $233,649 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,408,585 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,307,093 |
| Payroll taxes | $848,240 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,590 |
| Fees for services: Accounting | $53,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,981 |
| Fees for services: Other | $163,993 |
| Advertising and promotion | $206,420 |
| Office expenses | $130,842 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $371,924 |
| Travel | $328,532 |
| 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 | $690,454 |
| Insurance | $191,265 |
| All other expenses | $121,172 |
| Total functional expenses | $23,840,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,436,093 |
| Savings and temporary cash investments | $5,266,896 |
| Pledges and grants receivable | $50,905 |
| Accounts receivable, net | $2,195,786 |
| 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 | $176,510 |
| Net Land, buildings, and equipment | $9,628,475 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $14,347,326 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $230,459 |
| Total assets | $40,332,450 |
| Accounts payable and accrued expenses | $2,190,622 |
| 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 | $2,190,622 |
| Net assets without donor restrictions | $37,663,492 |
| Net assets with donor restrictions | $478,336 |
| 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 | $40,332,450 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Hospice Of The Piedmont Inc has recieved totaling $36,936.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $15,450 |
Frank L & Mildred R Ring Tr Las Vegas, NV PURPOSE: GENERAL OPERATING | $8,500 |
Earl And Kathryn Congdon Family Foundation Wilmington, DE PURPOSE: CHARITABLE EVENT | $2,500 |
Mcinnis Family Foundation High Point, NC PURPOSE: PROGRAM SUPPORT | $2,000 |
Mickey Truck Bodies Foundation High Point, NC PURPOSE: EMPOWERING AND ENRICHING THE LIVES OF INDIVIDUALS AND FAMILIES IN THE COMMUNITY. | $2,000 |
Thomas Austin Finch Fdn Boston, MA PURPOSE: TO BENEFIT CITIZENS OF | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lower Cape Fear Hospice Incorporated Wilmington, NC | $62,498,497 | $44,335,194 |
Hospice Of Chattanooga Inc Chattanooga, TN | $104,628,496 | $120,194,973 |
Authoracare Collective Greensboro, NC | $46,483,972 | $40,660,435 |
Alive Hospice Inc Nashville, TN | $38,867,559 | $36,593,502 |
Hospice Of Surry County Inc Mount Airy, NC | $15,624,175 | $33,390,602 |
Hospice Of Henderson County Inc Flat Rock, NC | $24,806,944 | $36,122,942 |
Hospice & Palliative Carecenter Winstonsalem, NC | $42,862,750 | $34,199,553 |
Carolina Caring Inc Newton, NC | $24,245,296 | $31,467,829 |
Hospice Of The Piedmont Inc High Point, NC | $40,332,450 | $25,303,748 |
Hospice Of The Piedmont Inc Charlottesville, VA | $26,519,312 | $25,324,976 |
Blue Ridge Hospice Inc Winchester, VA | $12,389,536 | $22,906,674 |
Caldwell Hospice And Palliative Care Inc Lenoir, NC | $31,058,260 | $23,585,817 |