Pastures New Iii Inc
- Assets
- $145.7m
- Revenue
- $444.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Vidalia, GA
- Founding
- 05/1994
- Data as of
- 06/2022
- EIN
- 58-2044503
Organization Overview
Pastures New Iii Inc is located in Vidalia, GA. The organization was established in 1994. 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. Pastures New Iii 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 06/2022, Pastures New Iii Inc generated $444.0k 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 (55.1%) each year. All expenses for the organization totaled $637.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (52.0%) 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
HISTORICALLY, TO PROVIDE QUALITY HEALTHCARE FOR THE RESIDENTS OF TOOMBS COUNTY AND OTHER SURROUNDING AREAS. THE ORGANIZATION IS IN THE PROCESS OF LIQUIDATING AND IS NOT OPERATIONAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEADOWS REGIONAL MEDICAL CENTER, INC. (MRMC) OPERATED A LICENSED 57-BED GENERAL ACUTE HOSPITAL UNTIL APRIL 30, 2021 WHEN SUBSTANTIALLY ALL OPERATIONS WERE SOLD TO VIDALIA HEALTH SERVICES, LLC, AN AFFILIATE OF HCA HEALTHCARE, INC. MRMC OPERATED THE HOSPITAL FOR THE BENEFIT OF THE TOOMBS COUNTY HOSPITAL AUTHORITY UNDER A LEASE AGREEMENT. THE ORGANIZATION IS IN THE PROCESS OF LIQUIDATING FOLLOWING THE SALE OF SUBSTANTIALLY ALL OPERATIONS IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Calhoun Chairman | OfficerTrustee | 1 | $0 |
Dennis Ingley Member | Trustee | 1 | $0 |
Pollyann Martin Member | Trustee | 1 | $0 |
Reid Mcarthur Vice Charima | OfficerTrustee | 1 | $0 |
Anthony Miller Member | Trustee | 1 | $0 |
Ronnie Stewart Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medical Solutions Llc Nursing Labor | 6/29/21 | $1,736,118 |
Weatherby Locums Inc Physician | 6/29/21 | $1,630,216 |
Baker Donelson Legal | 6/29/21 | $1,486,633 |
Sound Physicians Hospitalists | 6/29/21 | $1,041,988 |
Arnall Golden Gregory Llp Legal Services | 6/29/21 | $728,555 |
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 | $329,881 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $443,990 |
| 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. | $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 | $592 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $53,529 |
| Fees for services: Accounting | $242,308 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $131,874 |
| Advertising and promotion | $0 |
| Office expenses | $9,033 |
| Information technology | $594,526 |
| 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 | -$852,593 |
| Total functional expenses | $637,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,704 |
| Savings and temporary cash investments | $1,066,448 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $333,444 |
| 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 | $137,995 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $144,152,574 |
| Total assets | $145,702,165 |
| Accounts payable and accrued expenses | $1,057,324 |
| 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 | $3,175,000 |
| Total liabilities | $4,232,324 |
| Net assets without donor restrictions | $141,469,841 |
| 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 | $145,702,165 |
Grants Awarded
Over the last fiscal year, Pastures New Iii Inc has awarded $157,759 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHEASTERN TECHNICAL COLLEGE FND PURPOSE: RN PROGRAM | $134,459 |
TOOMBS-MONTGOMERY CHAMBER OF COMMER PURPOSE: OPERATIONS | $8,300 |
TOOMBS COUNTY AFTER SCHOOL PURPOSE: OPERATIONS | $7,500 |
VIDALIA LEARNING CENTER PURPOSE: OPERATIONS | $7,500 |