Family Medical Centers Community Foundation Inc

Organization Overview

Family Medical Centers Community Foundation Inc is located in Russell Springs, KY. 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. Family Medical Centers Community 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 12/2022, Family Medical Centers Community Foundation Inc generated $15.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (3.4%) each year.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

FAMILY MEDICAL CENTERS COMMUNITY FOUNDATION, INC.'S SPECIFIC PURPOSES SHALL BE TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF CUMBERLAND FAMILY MEDICAL CENTER, INC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROMOTE, SUPPORT AND FURTHER THE WORKS OF CUMBERLAND FAMILY MEDICAL CENTER, INC. THERE ARE CURRENTLY NO PAST OR PRESENT ACTIVITIES BEING PERFORMED. PLANNED ACTIVITIES INCLUDE SCHOLARSHIP DISTRIBUTION, PHYSICIAN RECRUITMENT, LONG-TERM INVESTMENTS, AND COMMUNITY OUTREACH.


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Board, Officers & Key Employees

Name (title)Compensation
Eric Loy MD
CEO Of Cfmc/med Dir/physician
$0
Paula Little
Chair
$0
Bridget Booher
Treasurer
$0
Jim Flowers
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$15,134,421
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$15,134,421
Total Program Service Revenue$0
Investment income $712,872
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$490,516
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $15,356,777

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