East Alabama Medical Center Foundation
- Assets
- $27.9m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Opelika, AL
- Founding
- 05/1988
- Data as of
- 09/2021
- EIN
- 63-0959617
Organization Overview
East Alabama Medical Center Foundation is located in Opelika, AL. The organization was established in 1988. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, 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. East Alabama Medical Center Foundation 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 09/2021, East Alabama Medical Center Foundation generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $631.2k during the year ending 09/2021. 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
FUNDRAISING ORGANIZATION FOR EAST ALABAMA HEALTHCARE AUTHORITY, A GOVERNMENTAL HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CORNERSTONE EMPLOYEE ASSISTANCE - TO PROVIDE ASSISTANCE TO EMPLOYEES IN CRISIS DUE TO AN UNEXPECTED EVENT AND SUPPORT COMMUNITY PROGRAMS WITHIN EAST ALABAMA HEALTHCARE AUTHORITY, A RELATED ORGANIZATION.
BETHANY HOUSE/HOSPICE FUND- EAMC USES THIS FUND TO MAINTAIN BETHANY HOUSE AND PROVIDE ASSISTANCE WITH PROJECTS AROUND HOSPICE.
NEONATAL ICU FUND- THIS FUND IS USED FOR CONSTRUCTION AND OPERATING EXPENSES FOR THE LEVEL III NICU.
OTHER PROGRAMS IN SUPPORT OF THE CHARITABLE MISSION OF EAST ALABAMA HEALTHCARE AUTHORITY INCLUDING BUT NOT LIMITED TO; EAMC EMPLOYEE HOUSING FUND, COMMUNITY MEND FUND AND EMPLOYEE HEALTH ASSISTANCE FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Cowart Foundation Director | Officer | 40 | $0 |
Dr Pradeep Lall Member | Trustee | 0.2 | $0 |
Vertrina Grubbs Member | Trustee | 0.2 | $0 |
Dr Robert Marino Member | Trustee | 0.2 | $0 |
John Boles Member | Trustee | 0.2 | $0 |
Nicole Roberts Member | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $239,266 |
| Related organizations | $110,818 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,194,709 |
| Noncash contributions included in lines 1a–1f | $22,605 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,544,793 |
| Total Program Service Revenue | $0 |
| Investment income | $985,655 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $279,107 |
| Net Income from Fundraising Events | -$72,350 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,737,205 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $90,236 |
| 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 | $13,367 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,650 |
| Office expenses | $8,685 |
| 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 | $24,677 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,094 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $631,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,427,610 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $26,481,210 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,908,820 |
| Accounts payable and accrued expenses | $6,948 |
| 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 | $111,780 |
| Total liabilities | $118,728 |
| Net assets without donor restrictions | $25,213,585 |
| Net assets with donor restrictions | $2,576,507 |
| 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 | $27,908,820 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that East Alabama Medical Center Foundation has recieved totaling $55,821.
| Awarding Organization | Amount |
|---|---|
Bruce Pearl Family Foundation Auburn, AL PURPOSE: GENERAL CONTRIBUTION TO FOUNDATION | $20,000 |
W James Samford Jr Foundation Opelika, AL PURPOSE: CAPITAL CAMPAIGN NEONATAL INTENSIVE CARE UNIT | $17,821 |
The Bessemer Giving Fund Woodbridge, NJ PURPOSE: COVID-19 FRONTLINE WORKER FUND/COVID-19 RELIEF | $8,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $6,000 |
Kohnken Family Foundation Inc Boca Raton, FL PURPOSE: MEDICAL RESEARCH | $4,000 |
Endowment Analysis
| Beg. Balance | $4,627,133 |
| Earnings | $637,721 |
| Admin Expense | $464,793 |
| Net Contributions | $863,492 |
| Ending Balance | $5,663,553 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Arthur M Blank Family Foundation Atlanta, GA | $365,187,486 | $84,889,977 |
Pyramid Peak Foundation Memphis, TN | $230,284,852 | $119,724,559 |
The Frederick A Deluca Foundation Inc Pompano Beach, FL | $724,648,898 | $109,039,821 |
Ted Arison Family Found Aventura, FL | $489,424,665 | $63,628,275 |
Arison Arts Foundation Coral Gables, FL | $423,071,215 | $88,937,143 |
Poses Family Foundation Miami Beach, FL | $501,022,398 | $55,408,716 |
Jim Moran Foundation Inc Deerfield Beach, FL | $191,270,194 | $47,763,594 |
John Bulow Campbell Foundation Atlanta, GA | $793,659,742 | $103,345,098 |
Poplar Foundation Memphis, TN | $149,801,224 | $18,419,294 |
Kovner Foundation Jupiter, FL | $0 | $19,441,586 |
Naples Children And Education Naples, FL | $64,560,487 | $12,642,425 |
Plough Foundation Memphis, TN | $29,124,366 | $7,604,937 |