Mainsail Health Partners is located in Charleston, SC. 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. Mainsail Health Partners is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE CORPORATION IS TO SUPPORT THE CHARITABLE, SCIENTIFIC, ELEEMOSYNARY, AND EDUCATIONAL MISSIONS OF THE MEDICAL UNIVERSITY OF SOUTH CAROLINA (MUSC), AN INSTITUTION OF HIGHER LEARNING AND AGENCY OF THE STATE OF SOUTH CAROLINA BY AND THROUGH EXPANDED HEALTHCARE OUTREACH ACROSS RURAL AREAS OF THE STATE AND COLLABORATIONS IN THE DELIVERY OF CARE WITH PRIVATE INDUSTRY THAT ARE ALIGNED WITH THE MISSION AND OBJECTIVES OF MUSC. MOREOVER, SUCH EXPANSION WILL PROVIDE MEANINGFUL NEW JOBS AND OTHER ECONOMIC BENEFIT TO RURAL COUNTIES ACROSS THE STATE, WHICH ARE OFTEN UNDERSERVED IN TERMS OF ACCESS TO HEALTHCARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO EXPLORE, INVESTIGATE, CONTRACT FOR, AND ENGAGE IN COLLABORATIVE INITIATIVES WITH OTHER PERSONS TO UNDERTAKE SCIENTIFIC, CLINICAL, EDUCATIONAL, AND RESEARCH ACTIVITIES AND ENDEAVORS CONSISTENT WITH THE OBJECTIVES AND MISSION OF MUSC; TO PROMOTE, ENCOURAGE AND AID INTERACTIONS AND COLLABORATIVE RELATIONSHIPS WITH PRIVATE INDUSTRY THAT ARE ALIGNED WITH THE MISSION AND OBJECTIVES OF MUSC, TO THE EXTENT PERMITTED BY APPLICABLE LAW; TO SEEK AND ESTABLISH STRATEGIC VENTURES WITH INDEPENDENT ENTITIES THAT BENEFIT THE MUSC ENTERPRISE AND THE COMMUNITY IT SERVES; TO PROMOTE THE RECRUITMENT AND RETENTION OF A SUPERIOR FACULTY BY ENCOURAGING AND AIDING THEIR PERSONAL DEVELOPMENT THROUGH THE SUPPORT OF MEDICAL AND CLINICAL SPONSORED RESEARCH PROGRAMS, AGREEMENTS, AND INITIATIVES AT OR INVOLVING MUSC; TO PROMOTE AND SUPPORT THE CHARITABLE, ELEEMOSYNARY, EDUCATIONAL, MEDICAL, SCIENTIFIC AND RESEARCH PURPOSES OF MUSC BY AND THROUGH SUPPORT OF MEDICAL UNIVERSITY HOSPITAL AUTHORITY (MUHA), UNIVERSITY MEDICAL ASSOCIATES OF THE MEDICAL UNIVERSITY OF SOUTH CAROLINA (UMA), AND ANY OTHER ORGANIZATION RECOGNIZED, FROM TIME TO TIME, BY MUSC AS AN AFFILIATE; TO PROMOTE, SUPPORT AND AID ANY AND ALL OTHER ACTIVITIES AND PROGRAMS, WHICH WILL FURTHER THE MISSION AND PROGRAMS OF MUSC.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Patrick Cawley CEO | Officer | 3 | $0 |
Charles Schulze Director | Trustee | 2 | $0 |
Don Johnson II Chair & Director | Trustee | 2 | $0 |
John Osborne Director | Trustee | 2 | $0 |
Forrest Alton Director | Trustee | 2 | $0 |
Todd Lillibridge Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $3,000,000 |
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 | $3,000,000 |
Total Program Service Revenue | $0 |
Investment income | $2,010 |
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 | $3,002,010 |
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 | $84,063 |
Fees for services: Legal | $11,640 |
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 | $2,347 |
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 | $0 |
All other expenses | $0 |
Total functional expenses | $98,050 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,001,710 |
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 | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $3,001,710 |
Accounts payable and accrued expenses | $1,925 |
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 | $95,825 |
Total liabilities | $97,750 |
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 |
Retained earnings, endowment, accumulated income, or other funds | $2,903,960 |
Total liabilities and net assets/fund balances | $3,001,710 |
Organization Name | Assets | Revenue |
---|---|---|
Medical Society Of S C Charleston, SC | $641,115,218 | $16,899,363 |
Forsyth Medical Center Foundation Winston Salem, NC | $87,707,112 | $11,824,054 |
Foundation Of Firsthealth Inc Pinehurst, NC | $97,006,378 | $9,255,156 |
Conway Hospital Emergency Professional Services Conway, SC | $693,381 | $5,206,730 |
Moses Cone-Wesley Long Community Health Foundation Inc Greensboro, NC | $128,321,235 | $23,346,538 |
Gwinnett Hospital System Foundation Inc Lawrenceville, GA | $16,671,809 | $3,369,324 |
Cem Health And Welfare Benefit Trust Matthews, NC | $250,139 | $4,240,274 |
Musc Health Partners Charleston, SC | $1,610,302 | $4,424,727 |
Bon Secours - St Francis Health System Foundation Inc Foundation Inc Greenville, SC | $0 | $1,348,527 |
Gaston Memorial Hospital Foundation Inc Gastonia, NC | $29,026,116 | $2,703,972 |
Athens Regional Health Services Inc Athens, GA | $117,358,186 | $5,750,917 |
East Carolina University Medical & Health Sciences Foundation Inc Greenville, NC | $74,552,828 | $5,234,264 |