Sparks Regional Medical Center

Organization Overview

Sparks Regional Medical Center, operating under the name Fort Smith Regional Healthcare Foundation, is located in Fort Smith, AR. The organization was established in 1938. 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. Fort Smith Regional Healthcare Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

MAKING LIFE HEALTHIER - FOR OUR PATIENTS AND OUR ENTIRE COMMUNITY, INCLUDING CHARITY CARE, COMMUNITY BENEFIT SERVICES, RESEARCH AND COMMUNITY BUILDING EFFORTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SPARKS IS A COMMUNITY HOSPITAL THAT SOLD THE FIXED ASSETS AND INVENTORY TO HEALTH MANAGEMENT ASSOCIATES (HMA) ON NOVEMBER 30, 2009 AND RETAINED THE PATIENT ACCOUNTS RECEIVABLE AND LIABILITIES. SPARKS CONTINUES TO UNWIND THE OLD BUSINESS BY LIQUIDATING THE A/R AND PAYING OFF THE LIABILITIES. ON APRIL 28, 2014 THE BOARD PASSED A RESOLUTION TO CONTRIBUTE UP TO $50,000,000 AS A RESTRICTED CONTRIBUTION IN SUPPORT OF DEVELOPING AN INSTITUTION OF HEALTH EDUCATION. ALL ASSETS THAT REMAIN FOLLOWING THE COMPLETED UNWINDING OF THE OLD HOSPITAL BUSINESS WILL BE GIFTED TO SUPPORT AN INSTITUTION OF HEALTH EDUCATION.AS NOTED IN PREVIOUS FILINGS, THE ORGANIZATION EXPECTS TO DISSOLVE FOLLOWING COMPLETE UNWINDING OF ALL BUSINESS AND ANY REMAINING ASSETS WILL BE GIFTED TO ARKANSAS COLLEGES OF HEALTH EDUCATION IN SUPPORT OF AN INSTITUTION OF HEALTH EDUCATION.


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Board, Officers & Key Employees

Name (title)Compensation
John Taylor
Chairman
$0
Benny Gooden
Vice-Chairman
$0
Judy Boreham
Trustee
$0
Jeff Beauchamp
Secretary & Treasurer
$0
Thomas H Webb Jr
Executive Director
$0

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 $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 $42,767

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