Gwinnett Hospital System Foundation Inc
- Assets
- $18.6m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Lawrenceville, GA
- Founding
- 09/1989
- Data as of
- 09/2023
- EIN
- 58-1828486
Organization Overview
Gwinnett Hospital System Foundation Inc is located in Lawrenceville, GA. The organization was established in 1989. 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. Gwinnett Hospital System 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 09/2023, Gwinnett Hospital System Foundation Inc generated $4.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $2.2m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (8.9%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
GWINNETT HOSPITAL SYSTEM FOUNDATION IS A NOT-FOR-PROFIT CHARITABLE ORGANIZATION WHOSE MISSION IS TO PROVIDE FINANCIAL SUPPORT TO NORTHSIDE HOSPITAL, INC. FOR PROJECTS WHICH MEET COMMUNITY NEEDS IN GWINNETT COUNTY. FOCUS IS PLACED ON PROGRAMS THAT ACCELERATE ACCESS TO HIGH QUALITY HEALTHCARE IN GWINNETT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION RAISES FUNDS FOR THE PURPOSE OF IMPROVING THE QUALITY OF SERVICES PROVIDED BY NORTHSIDE HOSPITAL IN GWINNETT COUNTY. HISTORICALLY, THE FOUNDATION HAS SUPPORTED MANY OF THE HOSPITAL'S GWINNETT OPERATIONS AND PROGRAMS, INCLUDING NEONATAL INTENSIVE CARE, CANCER TREATMENT AND DETECTION, REHABILITATION SERVICES, MEDICAL RESIDENCY/EDUCATION, WOMEN'S PROGRAMS, SPORTS MEDICINE, CARDIOLOGY, AND SCHOLARSHIPS FOR NURSING AND VARIOUS ALLIED HEALTH SCIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Pecht MD Chair | Trustee | 1 | $0 |
Paige Havens Board Member | Trustee | 1 | $0 |
Cole Hudgens Board Member | Trustee | 1 | $0 |
Debbie Mitcham Bilbro Board Member, Northside Gwinnett CEO | Trustee | 1 | $0 |
Jeff Wages Board Member | Trustee | 1 | $0 |
Julius Ajayi MD Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $589,803 |
| Related organizations | $25,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,850,426 |
| Noncash contributions included in lines 1a–1f | $2,902 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,465,229 |
| Total Program Service Revenue | $0 |
| Investment income | $398,405 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$124,327 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,739,307 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $599,519 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $977,336 |
| Fees for services: Legal | $0 |
| 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 | $65,417 |
| Advertising and promotion | $0 |
| Office expenses | $26,973 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $135,237 |
| Travel | $7,061 |
| 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 | $887 |
| Insurance | $0 |
| All other expenses | $307,733 |
| Total functional expenses | $2,182,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,325,932 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,669,410 |
| 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 | $103,494 |
| Net Land, buildings, and equipment | $1,424 |
| Investments—publicly traded securities | $13,498,778 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,599,038 |
| Accounts payable and accrued expenses | $2,751,980 |
| 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 | $30,508 |
| Total liabilities | $2,782,488 |
| Net assets without donor restrictions | $3,584,627 |
| Net assets with donor restrictions | $12,231,923 |
| 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 | $18,599,038 |
Grants Awarded
Over the last fiscal year, Gwinnett Hospital System Foundation Inc has awarded $573,519 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGIA GWINNETT COLLEGE FOUNDATION INC PURPOSE: TO FUND SCHOLARSHIP PROGRAMS. | $6,750 |
NORTHSIDE HOSPITAL INC PURPOSE: ASSISTANCE TO FUND PROGRAM OPERATIONS. | $560,519 |
GEORGIA STATE UNIVERSITY FOUNDATION INC PURPOSE: TO FUND SCHOLARSHIP PROGRAMS. | $6,250 |