Lenoir Memorial Hospital Foundation Inc
- Assets
- $4.4m
- Revenue
- $409.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Kinston, NC
- Founding
- 10/1984
- Data as of
- 06/2022
- EIN
- 58-1584139
Organization Overview
Lenoir Memorial Hospital Foundation Inc, operating under the name Lenoir Hospital Foundation, is located in Kinston, NC. The organization was established in 1984. 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. Lenoir Hospital 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 06/2022, Lenoir Hospital Foundation generated $409.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $386.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (12.9%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT THE CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES OF LENOIR MEMORIAL HOSPITAL (DBA) UNC HEALTH LENOIR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S PROGRAM SERVICE ACCOMPLISHMENTS INCLUDED PROVIDING LENOIR MEMORIAL HOSPITAL (DBA UNC HEALTH LENOIR) WITH $55,345 TO PURCHASE TWO HYPERBARIC OXYGEN CHAMBERS, $10,755 TO PURCHASE WELLNESS CENTER EXERCISE BIKES, $7,200 FOR THE HOSPITAL'S FAMILY BIRTH CENTER, $7,235 FOR A REHABILIATION VEHICLE, $4,460 FOR COMMUNITY HEALTH PROGRAMS, $2,017 FOR DIABETES WELLNESS PROGRAM, $3,805 FOR MOBILE PULSE OXIMETER TESTING DEVICE AND $4,570 FOR A BLANKET WARMER. THE FOUNDATION ALSO PROVIDED SCHOLARSHIPS AND AWARDS TOTALING $7,711 AND PROVIDED ASSISTANCE TO HOSPITAL EMPLOYEES AND PATIENTS TOTALING $7,433.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Wakefield CFO Of Unc Health Lenoir | OfficerTrustee | 1 | $0 |
Robert Enders Director/ceo Of Unc Health Lenoir | OfficerTrustee | 1 | $0 |
Carmon Jones Vice Chair | OfficerTrustee | 1 | $0 |
Margaret Williams Chair | OfficerTrustee | 1 | $0 |
Constance Hengel Foundation Director | Officer | 40 | $0 |
Dj Lofton Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $147,399 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $147,294 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $294,693 |
| Total Program Service Revenue | $0 |
| Investment income | $105,522 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,018 |
| Net Income from Fundraising Events | $23,387 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $409,584 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $95,387 |
| Grants and other assistance to domestic individuals. | $15,145 |
| 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 | $159,612 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,682 |
| Fees for services: Other | $0 |
| Advertising and promotion | $38,558 |
| Office expenses | $2,373 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,100 |
| Travel | $407 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $386,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,001 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $21,605 |
| 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 | $0 |
| Investments—publicly traded securities | $4,313,090 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $321 |
| Total assets | $4,382,017 |
| Accounts payable and accrued expenses | $4,000 |
| 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 | $4,000 |
| Net assets without donor restrictions | $3,554,490 |
| Net assets with donor restrictions | $823,527 |
| 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 | $4,382,017 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lenoir Memorial Hospital Foundation Inc has recieved totaling $30,500.
| Awarding Organization | Amount |
|---|---|
Ely J Perry Foundation Inc Kinston, NC PURPOSE: ANNUAL SUPPORT | $25,000 |
North Carolina Community Foundation Inc Raleigh, NC PURPOSE: HEALTH | $5,500 |
Endowment Analysis
| Beg. Balance | $2,750,941 |
| Earnings | -$200,620 |
| Net Contributions | $16,100 |
| Grants | $9,555 |
| Ending Balance | $2,556,866 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Intrahealth International Inc Chapel Hill, NC | $25,698,138 | $95,131,742 |
Moses Cone Medical Services Inc Greensboro, NC | $66,450,127 | $85,429,043 |
Sheet Metal Workers National Health Fund Goodlettsville, TN | $59,855,607 | $61,652,205 |
Corvesta Inc Roanoke, VA | $82,180,783 | -$1,235,003 |
Inova Health System Foundation Fairfax, VA | $6,680,265,525 | $824,217,139 |
Carolina Medicorp Enterprises Llc Winston Salem, NC | $11,898,708 | $46,315,888 |
Childrens Health System Inc Norfolk, VA | $122,433,385 | $34,959,405 |
Fauquier Health Foundation Warrenton, VA | $249,193,841 | $9,571,718 |
Chesapeake Regional Medical Group Chesapeake, VA | $4,557,734 | $12,231,172 |
North Carolina Agricultural Foundation Inc Raleigh, NC | $248,209,354 | $30,308,869 |
Mid-South Carp Regional Council Health & Welfare Fund Goodlettsville, TN | $42,702,855 | $23,372,218 |
Childrens Hospital And Healthcare Services Foundation Richmond, VA | $253,228,925 | $70,265,641 |