Medical Center Memorial Foundation Inc
- Assets
- $1.3m
- Revenue
- $439.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Anniston, AL
- Founding
- 11/1988
- Data as of
- 06/2021
- EIN
- 63-0981593
Organization Overview
Medical Center Memorial Foundation Inc, operating under the name Rmc Foundation, is located in Anniston, AL. The organization was established in 1988. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Rmc 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 06/2021, Rmc Foundation generated $439.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $322.1k during the year ending 06/2021. While expenses have increased by 24.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO ASSIST IN PROMOTING AND SECURING QUALITY HEALTH CARE FOR THE CITIZENS OF CALHOUN COUNTY, ALABAMA AND SURROUNDING AREAS BY RAISING MONEY FOR THE SUPPORTED CHARITIES WHICH INCLUDE THE REGIONAL MEDICAL CENTER BOARD WHICH OWNS AND OPERATES THE NORTHEAST ALABAMA REGIONAL MEDICAL CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERPETUAL PROGRAMS AND SERVICES: RMC EMERGENCY FUND - ANNUAL GIFT OF 5,000 - THIS FUND IS SUPERVISED BY THE RMC SOCIAL SERVICES DIRECTORS AND PROVIDES SUPPORT TO PATIENTS AND THEIR FAMILIES FOR ITEMS SUCH AS BUT NOT LIMITED TO FOOD, UTILITY BILLS, PRESCRIPTION DRUGS AND TRANSPORTATION TO AND FROM MEDICAL CARE; HOSPITAL EMPLOYEES SUPPORT: PROVIDED MONETARY GIFTS (RANDOM DRAWING) AND HOLIDAY CHEER TO HOSPITAL EMPLOYEES DURING ANNUAL CHRISTMAS LUNCHEON; INFANT CAR SEAT PROGRAM - FOR UNDERSERVED FAMILIES ON THE RMC POST PARTUM UNIT; SUPPORT FOR THE RMC ONCOLOGY NURSES: EDUCATION AND TRAVEL FUNDS; RMC EMPLOYEE BENEVOLENT FUND: SEED MONEY AND WRITTEN GUIDANCE / APPLICATIONS IN PRIOR YEARS, CONTINUES TO MONITOR AND CONSULT WITH THE PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lagina Fillingim Executive Di | OfficerTrustee | $0 | |
Maudine Holloway Asst. Secret | OfficerTrustee | $0 | |
Mike Laplante Chairman | OfficerTrustee | $0 | |
Greg Morgan Vice Chairma | OfficerTrustee | $0 | |
James Riddle Treasurer | OfficerTrustee | $0 | |
Kathy Phillips Secretary | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $265,231 |
| Investment income | $14,433 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $159,394 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $439,058 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $21,000 |
| 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 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 | $8,837 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,522 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $422 |
| Advertising and promotion | $2,936 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | -$28 |
| Travel | $304 |
| 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 | $0 |
| Total functional expenses | $322,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $276,724 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $448 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $411 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $1,015,237 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,292,820 |
| Accounts payable and accrued expenses | $18,997 |
| 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 | $18,997 |
| 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 |
| Total liabilities and net assets/fund balances | $1,273,823 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Medical Center Memorial Foundation Inc has recieved totaling $10,132.
| Awarding Organization | Amount |
|---|---|
Alabama Power Foundation Inc Birmingham, AL PURPOSE: GENERAL/OPERATING | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $132 |
Endowment Analysis
| Beg. Balance | $311,978 |
| Earnings | $86,362 |
| Admin Expense | $3,388 |
| Other Expense | $9,387 |
| Ending Balance | $385,566 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sheet Metal Workers National Health Fund Goodlettsville, TN | $59,855,607 | $61,652,205 |
Capstone Health Services Foundation P C Tuscaloosa, AL | $29,375,344 | $27,823,379 |
Mid-South Carp Regional Council Health & Welfare Fund Goodlettsville, TN | $42,702,855 | $23,372,218 |
St Anthonys Professional Buildings & Services Inc Tampa, FL | $66,592,493 | $24,044,105 |
Houston Healthcare System Inc Warner Robins, GA | $2,831,389 | $10,479,781 |
Trustmark Corporation And Subsidiaries Medical Benefits Plan Jackson, MS | $3,860,668 | $18,984,113 |
Montgomery Baptist Outreach Services Corporation Montgomery, AL | $20,272,262 | $12,064,663 |
West Florida Health Home Care Inc Temple Terrace, FL | $9,306,071 | $17,546,584 |
Mississippi State University Educational Building Corporation Missisippi State, MS | $345,604,158 | $16,366,122 |
Baptist Memorial Health Care Foundation Memphis, TN | $704,887,527 | $54,101,503 |
West Georgia Health Foundation Inc Marietta, GA | $8,141,093 | $4,609,093 |
Mount Sinai Medical Center Foundation Inc Miami Beach, FL | $381,873,831 | $56,255,268 |