Elbert Memorial Hospital Foundation Inc
- Assets
- $3.4m
- Revenue
- $280.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Elberton, GA
- Founding
- 10/1995
- Data as of
- 06/2021
- EIN
- 58-2191830
Organization Overview
Elbert Memorial Hospital Foundation Inc is located in Elberton, GA. The organization was established in 1995. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elbert 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 06/2021, Elbert Memorial Hospital Foundation Inc generated $280.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $151.5k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Elbert Memorial Hospital Foundation Inc has awarded 18 individual grants totaling $2,432,933. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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 FOUNDATION IS TO OPERATE AS A CHARITABLE CORPORATION UNDER THE LAWS OF THE STATE OF GEORGIA FOR THE PURPOSES TO RECEIVE, HOLD, MANAGE, INVEST OR ARRANGE FOR INVESTING AND TO ACQUIRE BY GIFT, DEVISE, BEQUEST, PURCHASE OR OTHERWISE AND USE PROPERTY OF ANY KIND AND FUNDS EXCLUSIVELY FOR THE BENEFIT OF THE ELBERT MEMORIAL HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES SERVICES AND FUNDS EXCLUSIVELY FOR THE BENEFIT OF THE ELBERT MEMORIAL HOSPITAL, INCLUDING: - THE SCHOLARSHIP FUND WHICH PROVIDES SCHOLARSHIPS TO OUTSTANDING LOCAL HIGH SCHOOL AND COLLEGE STUDENTS PURSUING THE FIELD OF HEALTHCARE. AFTER GRADUATION, THESE STUDENTS ARE ACTIVELY RECRUITED BY ELBERT MEMORIAL HOSPITAL. - THE WELLNESS CENTER FUND WHICH PROVIDES EQUIPMENT FOR USE IN THE WELLNESS CENTER OPERATED BY ELBERT MEMORIAL HOSPITAL, THE SUPPORTED ORGANIZATION. - OTHER CHARITABLE OR EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alysia Poon Bd Mbr; Gran | Trustee | 2 | $25,000 |
Megan Turner Secretary/tr | OfficerTrustee | 2 | $0 |
Chris Kubas Vchr-Left 3/ | OfficerTrustee | 2 | $0 |
Leanne Layne Chairman/con | OfficerTrustee | 2 | $0 |
Nancy Seymour Executive Di | Officer | 24 | $0 |
Pari Mehrabi Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,330 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $218,188 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $234,518 |
| Total Program Service Revenue | $0 |
| Investment income | $27,138 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $16,392 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $280,108 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $46,470 |
| Grants and other assistance to domestic individuals. | $7,185 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $25,000 |
| Compensation of current officers, directors, key employees. | $25,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $700 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,145 |
| Fees for services: Other | $2,823 |
| Advertising and promotion | $0 |
| Office expenses | $17,428 |
| Information technology | $900 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,192 |
| 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 | -$914 |
| All other expenses | $0 |
| Total functional expenses | $151,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,476 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $11,453 |
| 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 | $235,598 |
| Investments—publicly traded securities | $2,658,376 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $495,000 |
| Total assets | $3,437,903 |
| 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 | $495,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,137 |
| Total liabilities | $501,137 |
| Net assets without donor restrictions | $1,106,605 |
| Net assets with donor restrictions | $1,830,161 |
| 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 | $3,437,903 |
Grants Awarded
Over the last fiscal year, Elbert Memorial Hospital Foundation Inc has awarded $37,873 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ELBERT MEMORIAL HOSPITAL INC PURPOSE: CAPITAL PURCH/CNSLT | $20,059 |
ELBERT COUNTY BD OF EDUCATION PURPOSE: OPERATIONS | $11,314 |
Elberton, GA PURPOSE: OPERATIONS | $6,500 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Elbert Memorial Hospital Foundation Inc has recieved totaling $115,714.
| Awarding Organization | Amount |
|---|---|
Healthcare Georgia Foundation Inc Atlanta, GA PURPOSE: SUPPORT TO IMPLEMENT THE TWO GEORGIA'S INITIATIVE AND THE ACTIVITIES OUTLINED IN THEIR COMMUNITY HEALTH IMPROVEMENT PLAN (CHIP). | $80,000 |
Clyde T & Jean O Adams Charitable Trust Elberton, GA PURPOSE: GENERAL SUPPORT | $35,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $214 |
Endowment Analysis
| Beg. Balance | $1,391,819 |
| Earnings | $11,543 |
| Net Contributions | $576,447 |
| Other Expense | $149,648 |
| Ending Balance | $1,830,161 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mightycause Charitable Foundation Marianna, FL | $5,250,687 | $68,928,948 |
Piedmont Triad Charitable Foundation Greensboro, NC | $5,589,144 | $15,418,213 |
Tim Tebow Foundation Inc Jacksonville, FL | $44,406,420 | $40,166,030 |
In Touch Foundation Inc Atlanta, GA | $84,991,538 | $40,474,859 |
Boys & Girls Clubs Of The Midlands Columbia, SC | $2,396,839 | $5,933,397 |
Elaine Nicpon Marieb Charitable Foundation Naples, FL | $63,080,385 | $8,696,635 |
Marlene And Spencer Hays Foundation Nashville, TN | $119,169,427 | $6,377,944 |
The Florida Concrete Masonry Education Council Inc Gainesville, FL | $2,957,826 | $3,367,750 |
Parents With A Purpose Inc Atlanta, GA | $315,977 | $2,301,377 |
Global Generosity Inc Alpharetta, GA | $2,653,838 | $2,877,884 |
Jk And Db Gulley Mem Tuw J K Gulley Tr Orlando, FL | $0 | $486,471 |
Recovery Research Network Foundation Inc Atlantis, FL | $303,889 | $1,495,637 |