Pee Dee Medical & Health Sciences Education Consortium
- Assets
- $9.9m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Florence, SC
- Founding
- Data as of
- 06/2023
- EIN
- 85-3300000
Organization Overview
Pee Dee Medical & Health Sciences Education Consortium is located in Florence, SC. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pee Dee Medical & Health Sciences Education Consortium 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 06/2023, Pee Dee Medical & Health Sciences Education Consortium generated $1.4m 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 (48.6%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2023. 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
FURTHERING HEALTH CARE EDUCATION PROGRAMS IN THE HOPES OF EXPANDING THE PRESENCE AND SCOPE OF HEALTH CARE PROVIDERS IN THE NORTHEASTERN QUADRANT OF SOUTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE FISCAL YEAR 2023, THE CONSORTIUM ACCEPTED AND APPROVED FIVE APPLICATIONS FOR FUNDING SUPPORT RELATED TO GRADUATE MEDICAL EDUCATION (GME), UNDERGRADUATE MEDICAL EDUCATION (UME), OR GRADUATE HEALTH SCIENCES EDUCATION (GHS) PROGRAMS WITHIN THE PEE DEE AREA. A GME FEASIBILITY STUDY WAS CONDUCTED BY GERMANE SOLUTIONS SPECIFICALLY FOR MCLEOD REGIONAL MEDICAL CENTER. THE EXECUTIVE SUMMARY FOR THIS STUDY WAS RELEASED TO BOTH MCLEOD AND THE CONSORTIUM IN JUNE 2023 AND DETAILED SEVERAL REASONABLE OPPORTUNITIES FOR GME EXPANSION THROUGH MEDICAL RESIDENCIES AND FELLOWSHIPS CENTERED IN FLORENCE OR AT MCLEOD'S SEACOAST HOSPITAL SYSTEM.FUNDING FOR THE INITIAL DEVELOPMENT YEAR OF A NEW FAMILY MEDICINE AND INTERNAL MEDICINE REDICENCY PROGRAMS AT MEDICAL UNIVERSITY HOSPITAL AUTHORITY'S FLORENCE, SC CAMPUS.THE INTERNAL MEDICINE RESIDENCY PROGRAM IS ON TRACK / AHEAD OF SCHEDULE. THE PROGRAM HAS HIRED KEY LEADERSHIP STAFF, ENGAGED ESSENTIAL FACULTY, AND IS EXPECTED TO BEGIN INTERVIEWS FOR RESIDENTS IN SEPTEMBER 2023 WITH THE FIRST RESIDENTS BEGINNING IN THE SUMMER OF 2024.THE FAMILY MEDICINE RESIDENCY PROGRAM EXPERIENCED DELAYS DUE TO DIFFICULTY RECRUITING AN EXPERIENCED PROGRAM DIRECTOR. THE PROGRAM EXPECTS THE PROGRAM DIRECTOR TO BEGIN IN SEPTEMBER 2023, SUBMISSION OF THE ACGME APPLICATION TO BE COMPLETED IN FEBRUARY 2024, RECRUITMENT TO BEGIN FALL 2024, AND THE FIRST RESIDENT COHORT TO BEGIN IN JULY 2025.PARTIAL FUNDING OF COMPENSATION AND BENEFIT COSTS FOR THE FULL TIME ASSOCIATE DEAN FLORENCE CAMPUS FOR THE USC SCHOOL OF MEDICINE. FUNDING TO BE RELEASED IN FY2024.FUNDING FOR PHASE II FEASIBILITY STUDY CONDUCTED BY GERMANE SOLUTIONS FOR MCLEOD REGIONAL MEDICAL CENTER RELATED TO THE PLANNING OF NEW GME PROGRAMS. FUNDING TO BE RELEASED IN FY2024.
ANNUAL STIPENDS FOR CLASS OF 2023 AND CLASS OF 2024 MEDICAL STUDENTS FROM UNIVERSITY OF SOUTH CAROLINA TRAINING IN FLORENCE, SC. STIPENDS WERE PROVIDED TO SEVENTEEN MEDICAL STUDENTS FROM USC WHO ARE BOTH LIVING AND TRAINING IN THE PEE DEE, PRIMARILY AT MCLEOD HOSPITAL AND MUSC-FLORENCE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr David Cole Member | Trustee | 0.5 | $0 |
Dr Fred Carter Chair | Officer | 0.5 | $0 |
Dr Michael Amiridis Vice- Chair | Officer | 0.5 | $0 |
Renee Anderson Executive Director | Officer | 40 | $162,917 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,137,116 |
| 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 | $1,137,116 |
| Total Program Service Revenue | $0 |
| Investment income | $218,525 |
| 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 | $1,355,641 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $790,000 |
| Grants and other assistance to domestic individuals. | $85,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $224,018 |
| Compensation of current officers, directors, key employees. | $224,018 |
| 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 | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $20 |
| 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 | $1,107,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191,863 |
| Savings and temporary cash investments | $9,707,029 |
| 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 | $9,898,892 |
| Accounts payable and accrued expenses | $21,504 |
| 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 | $139 |
| Total liabilities | $21,643 |
| 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 | $9,877,249 |
| Total liabilities and net assets/fund balances | $9,898,892 |
Grants Awarded
Over the last fiscal year, Pee Dee Medical & Health Sciences Education Consortium has awarded $790,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MCLEOD HEALTH FOUNDATION PURPOSE: GERMANE GME FEASIBILITY STUDY | $200,000 |
MEDICAL UNIVERSITY HOSPITAL AUTHORITY (MUHA) PURPOSE: OB/GYN RESIDENCY PLANNING AND FAMILY AND INTERNAL MEDICINE RESIDENCY PLANNING | $590,000 |