Washington Regional Medical Foundation
- Assets
- $34.9m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 1
- Location
- Fayetteville, AR
- Founding
- 05/1989
- Data as of
- 12/2023
- EIN
- 71-0664685
Organization Overview
Washington Regional Medical Foundation is located in Fayetteville, AR. The organization was established in 1989. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Regional Medical 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 12/2023, Washington Regional Medical Foundation generated $5.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $1.6m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE COMPANY OPERATES AS A FUND-RAISING ORGANIZATION FOR THE BENEFIT OF WASHINGTON REGIONAL MEDICAL CENTER AND OTHER HEALTH RELATED NON-PROFIT COMMUNITY ORGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CANCER SUPPORT HOME (CSH) PROVIDES SERVICES TO PATIENTS THROUGHOUT THE REGION. THE MISSION OF THE CSH IS TO PROVIDE HOPE AND COMFORT TO THOSE LEARNING TO LIVE WITH CANCER. SUPPORT SERVICES ARE PROVIDED AT NO COST, AND INCLUDE SUPPORT GROUPS, A RESOURCE LIBRARY, A BOUTIQUE WITH WIGS, HATS, TURBANS AND MASTECTOMY SUPPLIES, OVERNIGHT LODGING, COUNSELING SERVICES, ART AND EXERCISE PROGRAMS. IN ADDITION, COMMUNITY EDUCATION AND FREE CANCER SCREENING ARE PROVIDED THROUGHOUT THE YEAR.
FAITH IN ACTION (FIA) IS A VOLUNTEER-BASED ORGANIZATION PROVIDING HOMEBOUND SENIORS WITH FREE NON-MEDICAL SERVICES TO HELP PROMOTE THEIR INDEPENDENCE, DIGNITY, AND QUALITY OF LIFE.
THE BENEVOLENCE FUND AT THE FOUNDATION IS FUNDED BY DONATIONS FROM EMPLOYEES THROUGHOUT WASHINGTON REGIONAL MEDICAL SYSTEM. THE FUNDS ARE PROVIDED TO OTHER EMPLOYEES WHO ARE EXPERIENCING PERSONAL HARDSHIPS AND ARE IN NEED OF FINANCIAL ASSISTANCE IN MAKING THEIR RENT, MORTGAGE, UTILITY OR SIMILAR PAYMENTS. THE APPLICATIONS ARE REVIEWED AND APPROVED BY A COMMITTEE WHO MEETS ON A REGULAR BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Chair | Trustee | 1 | $0 |
Name Not Listed Outgoing Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $10,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,945,005 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,955,005 |
| Total Program Service Revenue | $967,922 |
| Investment income | $657,857 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $241,124 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,821,908 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $237,814 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $154,231 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $109,527 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,766 |
| Payroll taxes | $18,284 |
| 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 | $53,254 |
| Advertising and promotion | $1,205 |
| Office expenses | $78,190 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $104,416 |
| Travel | $5,101 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $307,569 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $486,501 |
| Insurance | $9,741 |
| All other expenses | $2,749 |
| Total functional expenses | $1,633,170 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,483,804 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,944 |
| 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 | $9,414 |
| Net Land, buildings, and equipment | $8,718,796 |
| Investments—publicly traded securities | $15,751,690 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,877,322 |
| Total assets | $34,867,970 |
| Accounts payable and accrued expenses | $32,572 |
| 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 | $6,599,319 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,631,891 |
| Net assets without donor restrictions | $19,690,160 |
| Net assets with donor restrictions | $8,545,919 |
| 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 | $34,867,970 |