New Hanover Regional Medical Center Auxiliary Inc
- Assets
- $3.9m
- Revenue
- $153.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, NC
- Founding
- 02/1993
- Data as of
- 12/2021
- EIN
- 58-2015872
Organization Overview
New Hanover Regional Medical Center Auxiliary Inc, operating under the name Medical Center Auxiliary Inc, is located in Wilmington, NC. The organization was established in 1993. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., 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. Medical Center Auxiliary 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, Medical Center Auxiliary Inc generated $153.0k 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 (22.6%) each year. All expenses for the organization totaled $239.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.8%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE ORGANIZATION IS TO RENDER SERVICE TO THE NEW HANOVER REGIONAL MEDICAL CENTER (AN EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND ITS PATIENTS AND THE FAMILIES OF ITS PATIENTS. THE FUNDS OF THE ORGANIZATION, IN EXCESS OF EXPENSES, SHALL BE USED SOLELY TO SUPPORT NEW HANOVER REGIONAL MEDICAL CENTER (NHRMC) AND ITS RELATED ACTIVITIES AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS USED TO SUPPORT THE ORGANIZATION (A NOT-FOR-PROFIT HOSPITAL SYSTEM) AND ITS RELATED ACTIVITES, SERVICES, AND WELFARE OF PEOPLE IN THE REGION SERVED BY THE ORGANIZATION (PURCHASE EQUIPMENT, SUPPORT OF PROJECTS, SERVICES, ETC.)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Doll Secretary | OfficerTrustee | 10 | $0 |
Bob Kaess President | OfficerTrustee | 20 | $0 |
George Elam Treasurer | OfficerTrustee | 10 | $0 |
Barb Sneiderman Director | Trustee | 5 | $0 |
Mimi Kiteley Director | Trustee | 5 | $0 |
Sylvia Stoudenmire Director | Trustee | 5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $153,044 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $153,044 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $447 |
| 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 | $143,826 |
| 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 | $16,830 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,058 |
| Information technology | $1,901 |
| Royalties | $0 |
| Occupancy | $5,560 |
| 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 | $34,595 |
| Insurance | $0 |
| All other expenses | $3,278 |
| Total functional expenses | $239,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $519,192 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $61,567 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $135,127 |
| Prepaid expenses and deferred charges | $371 |
| Net Land, buildings, and equipment | $3,183,678 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,899,935 |
| Accounts payable and accrued expenses | $590,307 |
| 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 | $590,307 |
| Net assets without donor restrictions | $3,309,628 |
| Net assets with donor restrictions | $0 |
| 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 | $3,899,935 |
Grants Awarded
Over the last fiscal year, New Hanover Regional Medical Center Auxiliary Inc has awarded $170,792 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Winter Park, FL PURPOSE: HOSPITAL SUPPORT | $144,792 |
Wilmington, NC PURPOSE: FOUNDATION SUPPORT | $26,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Hanover Regional Medical Center Auxiliary Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Ernest Christian Klipstein Foundation Oldwick, NJ PURPOSE: MEDICAL | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
East Georgia Healthcare Center Inc Swainsboro, GA | $14,076,225 | $20,351,311 |
Qsource Memphis, TN | $27,560,294 | $14,798,417 |
Community Medicine Foundation Rock Hill, SC | $12,768,972 | $15,535,244 |
North Carolina Alliance Of Public Health Agencies Inc Raleigh, NC | $4,947,207 | $12,977,982 |
Aid Upstate Greenville, SC | $7,616,238 | $10,409,304 |
Zero Prostate Cancer Alexandria, VA | $7,871,432 | $10,066,484 |
Interfaith Dental Clinic Of Nashville Nashville, TN | $11,283,071 | $7,836,230 |
National Pace Association Alexandria, VA | $5,227,385 | $6,590,874 |
Hereditary Angioedema Association Inc Fairfax, VA | $9,129,787 | $7,202,295 |
Highland Medical Center Inc Monterey, VA | $7,695,747 | $4,554,367 |
Idsa Education And Research Foundation Arlington, VA | $3,203,937 | $4,528,287 |
Crater Community Hospice Inc Petersburg, VA | $5,454,703 | $3,847,143 |