Conway Regional Health Foundation Inc
- Assets
- $18.6m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Conway, AR
- Founding
- 12/1996
- Data as of
- 12/2021
- EIN
- 71-0797723
Organization Overview
Conway Regional Health Foundation Inc is located in Conway, AR. The organization was established in 1996. 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. Conway Regional Health Foundation Inc 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 12/2021, Conway Regional Health Foundation Inc generated $4.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.4% each year . All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 10.0% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF CONWAY REGIONAL HEALTH FOUNDATION, INC. IS TO FOSTER SUPPORT, ENCOURAGE ACTIVITIES, AND ADVANCE THE OBJECTIVES OF CONWAY REGIONAL MEDICAL CENTER, INC.
Describe the Organization's Program Activity:
TO PROVIDE FINANCIAL AID TO CONWAY REGIONAL MEDICAL CENTER, INC. TO SUPPORT PATIENT CARE, PROGRAMS, AND SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Pack CFO Starting 8/29/2022 | Officer | 1 | $0 |
Alan Finley Chief Operating Officer | Officer | 1 | $0 |
Thad Hardin MD Board Member | Trustee | 1 | $0 |
Andrew Cole MD Board Member | Trustee | 1 | $0 |
Cornell Maltbia Board Member | Trustee | 1 | $0 |
Bryan Bruich Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $33,137 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,915,976 |
| Noncash contributions included in lines 1a–1f | $41,208 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,949,113 |
| Total Program Service Revenue | $717,211 |
| Investment income | $62,066 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $46,240 |
| Net Gain/Loss on Asset Sales | -$1,285 |
| Net Income from Fundraising Events | $34,083 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,807,430 |
| 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 | $334,886 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $151,276 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,659 |
| Advertising and promotion | $3,333 |
| Office expenses | $9,945 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $184,751 |
| 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 | $229,506 |
| Insurance | $0 |
| All other expenses | $1,438,663 |
| Total functional expenses | $2,417,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,998 |
| Savings and temporary cash investments | $7,486,314 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,060 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,500 |
| Prepaid expenses and deferred charges | $54,661 |
| Net Land, buildings, and equipment | $4,848,379 |
| Investments—publicly traded securities | $1,000,922 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,128,412 |
| Total assets | $18,590,246 |
| Accounts payable and accrued expenses | $16,074 |
| 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 | $16,400 |
| Total liabilities | $32,474 |
| Net assets without donor restrictions | $14,512,544 |
| Net assets with donor restrictions | $4,045,228 |
| 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 | $18,590,246 |