Wilkes Medical Center Foundation
- Assets
- $11.0m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- North Wilkesboro, NC
- Founding
- 03/2019
- Data as of
- 12/2022
- EIN
- 82-2345613
Organization Overview
Wilkes Medical Center Foundation is located in North Wilkesboro, NC. The organization was established in 2019. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, 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. Wilkes 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 12/2022, Wilkes Medical Center Foundation generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.4%) each year. All expenses for the organization totaled $397.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Wilkes Medical Center Foundation has awarded 39 individual grants totaling $1,208,125. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND CARRY OUT THE FUNCTIONS AND PURPOSES OF WRMC HOSPITAL OPERATING CORPORATION (DBA ATRIUM HEALTH WAKE FOREST BAPTIST WILKES MEDICAL CENTER) TO ENHANCE THE DELIVERY OF QUALITY HEALTH CARE WITHIN THE ORGANIZATION'S REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES VITAL PHILANTHROPIC SUPPORT TO HELP FUND SERVICES OF AND PURCHASE LIFE-SAVING EQUIPMENT FOR WRMC HOSPITAL OPERATING CORPORATION (DBA ATRIUM HEALTH WAKE FOREST BAPTIST WILKES MEDICAL CENTER), AS WELL AS TO OTHER LOCAL NON-PROFIT ORGANIZATIONS, TO IMPROVE THE QUALITY OF HEALTHCARE IN ITS SURROUNDING COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Wald Director (to 12/20/22), Treasurer | OfficerTrustee | 2 | $0 |
Lori Mcneil Director, Secretary | OfficerTrustee | 2 | $0 |
Ann Absher Director | Trustee | 2 | $0 |
Graylin Carlton Director (to 12/20/22) | Trustee | 2 | $0 |
A Lee Herring Chair | OfficerTrustee | 2 | $0 |
Gerald Lankford Director (to 12/20/22) | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,199,467 |
| 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 | $1,199,467 |
| Total Program Service Revenue | $0 |
| Investment income | $290,504 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $116,714 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,606,685 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $342,958 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,734 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $51,014 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,013 |
| All other expenses | $0 |
| Total functional expenses | $397,719 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $9,868,733 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,166,667 |
| Total assets | $11,035,400 |
| Accounts payable and accrued expenses | $441,904 |
| 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 | $441,904 |
| Net assets without donor restrictions | $10,593,496 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,035,400 |
Grants Awarded
Over the last fiscal year, Wilkes Medical Center Foundation has awarded $339,458 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BRUSHY MOUNTAIN GROUP HOMES INC PURPOSE: COMMUNITY SUPPORT | $11,300 |
TOWN OF NORTH WILKESBORO PURPOSE: COMMUNITY SUPPORT | $100,000 |
FAITHHEALTH INNOVATIONS PURPOSE: TO SUPPORT WRMC'S PATIENT ASSISTANCE FUND | $119,500 |
FOOTHILLS FREE MEDICAL CLINIC PURPOSE: COMMUNITY SUPPORT | $28,944 |
MILLERS CREEK ELEMENTARY PTO PURPOSE: COMMUNITY SUPPORT | $15,000 |
SHEPHERDS CROSSROADS VFD INC PURPOSE: COMMUNITY SUPPORT | $26,714 |