Memorial Hospital Foundation Inc
- Assets
- $2.1m
- Revenue
- $105.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Bainbridge, GA
- Founding
- 10/1989
- Data as of
- 03/2022
- EIN
- 58-1852101
Organization Overview
Memorial Hospital Foundation Inc is located in Bainbridge, GA. The organization was established in 1989. 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. Memorial Hospital 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 03/2022, Memorial Hospital Foundation Inc generated $105.9k 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 (4.8%) each year. All expenses for the organization totaled $56.4k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (1.1%) 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
PROVIDES SUPPORT FOR THE HOSPITAL AUTHORITY OF THE CITY OF BAINBRIDGE DECATUR COUNTY, GA DBA MEMORIAL HOSPITAL OF BAINBRIDGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDRAISING TO SUPPORT THE ACTIVITIES OF THE HOSPITAL AUTHORITY OF THE CITY OF BAINBRIDGE DECATUR COUNTY, GA DBA MEMORIAL HOSPITAL OF BAINBRIDGE, WHICH IS A TAX EXEMPT HOSPITAL AUTHORITY PROVIDING ACUTE HEALTHCARE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Lambert Ceo/presiden | OfficerTrustee | 1 | $0 |
Charlotte Davis Chairman | OfficerTrustee | 1 | $0 |
Scott Ewing Vice Chairma | OfficerTrustee | 1 | $0 |
Matt Palmer Treasurer | OfficerTrustee | 1 | $0 |
Karen Livingston Controller | Officer | 1 | $0 |
Melissa Davis Secretary | Officer | 1 | $0 |
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 | $5,150 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,150 |
| Total Program Service Revenue | $0 |
| Investment income | $34,119 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $66,656 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $105,925 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $48,555 |
| 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 | $0 |
| 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 | $7,892 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $56,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $55,964 |
| 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 | $0 |
| Investments—publicly traded securities | $2,014,202 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,070,166 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $2,040,291 |
| Net assets with donor restrictions | $29,875 |
| 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 | $2,070,166 |
Endowment Analysis
| Beg. Balance | $24,725 |
| Net Contributions | $5,150 |
| Ending Balance | $29,875 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quantum Foundation Inc West Palm Beach, FL | $185,235,492 | $17,292,125 |
Mcleod Medical Center Foundation Florence, SC | $18,821,181 | $10,718,448 |
Glynn-Brunswick Memorial Hospital Authority Brunswick, GA | $242,841,000 | $8,949,000 |
Sarasota Memorial Healthcare Foundation Sarasota, FL | $91,301,745 | $47,413,384 |
Winter Park Health Foundation Inc Winter Park, FL | $158,422,694 | $11,419,783 |
Lee Memorial Hospital Inc Fort Myers, FL | $12,274,273 | $9,017,742 |
Methodist Healthcare Community Care Association Memphis, TN | $1,592,989 | $9,525,563 |
Hardeman County Community Health Center Bolivar, TN | $6,616,339 | $7,984,503 |
Hospital Authority Of Clarke County Georgia Athens, GA | $176,767,692 | $7,567,283 |
Hoosier Care Inc Nashville, TN | $1,347,873 | $6,534,147 |
The Medical Center At Ocean Reef Inc Key Largo, FL | $2,795,196 | $6,585,064 |
Happi Health Huntsville, AL | $1,706,091 | $5,693,373 |