Glynn-Brunswick Memorial Hospital Authority
- Assets
- $242.8m
- Revenue
- $8.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Brunswick, GA
- Founding
- 02/1970
- Data as of
- 04/2022
- EIN
- 58-6000498
Organization Overview
Glynn-Brunswick Memorial Hospital Authority is located in Brunswick, GA. The organization was established in 1970. 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. Glynn-Brunswick Memorial Hospital Authority 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 04/2022, Glynn-Brunswick Memorial Hospital Authority generated $8.9m 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 (30.6%) each year. All expenses for the organization totaled $8.9m during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (30.6%) 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
SOUTHEAST GEORGIA HEALTH SYSTEM, INC., ASSUMED ALL OF THE OPERATIONS OF THE GLYNN-BRUNSWICK MEMORIAL HOSPITAL AUTHORITY ON MAY 1, 2015 AND HAS AGREED TO OPERATE THE FACILITIES THEREOF AS A COMMUNITY HEALTHCARE PROVIDER, OFFERING SAFE, QUALITY, ACCESSIBLE, AND COST-EFFECTIVE CARE TO MEET THE HEALTH NEEDS OF THE PEOPLE AND COMMUNITIES IT SERVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EFFECTIVE MAY 1, 2015, THE AUTHORITY UNDERTOOK A CORPORATE RESTRUCTURING AND EXECUTED A LEASE AND TRANSFER AGREEMENT WITH SOUTHEAST GEORGIA HEALTH SYSTEM, INC. (THE SYSTEM), A GEORGIA NOT-FOR-PROFIT CORPORATION, (FORMERLY KINGS BAY COMMUNITY HOSPITAL, INC.58-1911751), WHICH ASSUMED SUBSTANTIALLY ALL OF THE OPERATIONS, ASSETS AND LIABILITIES OF THE AUTHORITY AND AGREED TO OPERATE THE FACILITIES THEREOF AS A COMMUNITY HEALTHCARE PROVIDER AND TO PERFORM AND ABIDE BY ALL COVENANTS, AGREEMENTS, AND RESTRICTIONS THEREOF FOR AN INITIAL PERIOD OF FORTY YEARS. UNDER THE AGREEMENT, THE SYSTEM MAKES NOMINAL LEASE PAYMENTS TO THE AUTHORITY PLUS AMOUNTS SUFFICIENT TO MAKE DEBT SERVICE PAYMENTS ON AUTHORITY CONDUIT DEBT OBLIGATIONS AS THEY COME DUE AND ASSUMES ALL OPERATIONAL, FINANCIAL, INDIGENT CARE, AND COMMUNITY RESPONSIBILITIES. IN CONNECTION WITH THE RESTRUCTURING, THE AUTHORITY AND THE SYSTEM ENTERED INTO AN EMPLOYEE LEASE AGREEMENT WHEREBY THE AUTHORITY LEASED ALL OF ITS EMPLOYEES TO THE SYSTEM FROM MAY 1, 2015 THROUGH DECEMBER 31, 2015, AT COST. ALL LEASED AUTHORITY EMPLOYEES WERE CONVERTED TO SYSTEM EMPLOYMENT EFFECTIVE JANUARY 1, 2016.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mh Woody Woodside Vice Chairman | OfficerTrustee | 2 | $0 |
Roosevelt Harris Chairman | OfficerTrustee | 6 | $0 |
Valerie A Hepburn PHD Sec/treas | Trustee | 2 | $0 |
Michael D Hodges Board Member | Trustee | 2 | $0 |
Robert C Turner Board Member | Trustee | 2 | $0 |
Rev James Davis Board Member | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Davita Inc Dialysis | 4/29/15 | $1,143,895 |
Alliance Healthcare Services Pet Scan | 4/29/15 | $857,970 |
Hospital Housekeeping Systems Llc Cafeteria Management | 4/29/15 | $3,811,339 |
Hhs Llc Housekeeping Service | 4/29/15 | $4,230,373 |
Diversified Clinical Services Wound Care | 4/29/15 | $835,280 |
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 | $8,949,000 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,949,000 |
| 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 | $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 | $0 |
| 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 | $8,949,000 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $8,949,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $7,013,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $235,828,000 |
| Total assets | $242,841,000 |
| Accounts payable and accrued expenses | $7,013,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $235,828,000 |
| 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 | $242,841,000 |
| Net assets without donor restrictions | $0 |
| 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 | $242,841,000 |
Grants Awarded
Over the last fiscal year, Glynn-Brunswick Memorial Hospital Authority has awarded $539,354 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Brunswick, GA PURPOSE: Operation Expense of Foundation | $333,604 |
St Simons Island, GA PURPOSE: Primary Exempt Activity | $75,000 |
Brunswick, GA PURPOSE: Continuing Nursing Education | $73,750 |
Brunswick, GA PURPOSE: Primary Exempt Activity | $17,000 |
Kennesaw, GA PURPOSE: Primary Exempt Activity | $12,500 |
Brunswick, GA PURPOSE: Primary Exempt Activity | $8,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Glynn-Brunswick Memorial Hospital Authority has recieved totaling $143,820.
| Awarding Organization | Amount |
|---|---|
Justgive Inc Weston, CT PURPOSE: Pass-through Contribution | $143,820 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Armc Physicians Care Inc Greensboro, NC | $1,939,063 | $13,036,879 |
Macon County General Hospital Inc Lafayette, TN | $17,643,586 | $20,536,652 |
Healthcare Foundation Of Wilson Wilson, NC | $207,911,505 | $10,473,791 |
Alleghany County Memorial Hospital Inc Sparta, NC | $23,031,959 | $15,886,871 |
Baptist Memorial Hospital - Calhoun Inc Memphis, TN | $7,688,599 | $15,196,483 |
Madison County Hospital Health Systems Inc Madison, FL | $21,232,395 | $16,268,101 |
Wellstar Sylvan Grove Hospital Inc Marietta, GA | $8,619,975 | $16,516,673 |
Bethesda Hospital Foundation Inc Boynton Beach, FL | $0 | $15,727,989 |
Pender Memorial Hospital Incorporated Burgaw, NC | $39,814,102 | $13,183,408 |
Calhoun-Liberty Hospital Association Inc Blountstown, FL | $15,521,432 | $17,868,224 |
Copper Basin Community Hospital Inc Copperhill, TN | $1,227,357 | $12,149,873 |
Kershawhealth Camden, SC | $123,086,645 | $13,029,458 |