Pine Grove Public Benefit Corporation
- Assets
- $16.8m
- Revenue
- $447.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Hattiesburg, MS
- Founding
- Data as of
- 09/2024
- EIN
- 92-1090610
Organization Overview
Pine Grove Public Benefit Corporation is located in Hattiesburg, MS. 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. Pine Grove Public Benefit Corporation 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
AS A SUPPORTING ORGANIZATION WITHIN THE MEANING OF SECTION 509(A)(3) OF THE CODE AND RELATED REGULATIONS, PINE GROVE PUBLIC BENEFIT CORPORATION'S PURPOSE IS TO ASSIST FORREST COUNTY GENERAL HOSPITAL IN THE ADMINISTRATION AND PROVISION OF ITS CHARITABLE PROGRAMS AND SERVICES BY UNDERTAKING THE (A)ACQUISITION OF A LEASEHOLD INTEREST IN CERTAIN REAL PROPERTY LOCATED AT 2115 BROADWAY DRIVE, HATTIESBURG, MS, (B)CONSTRUCTION AND DEVELOPMENT OF A NEW MEDICAL OFFICE BUILDING AND CARE FACILITY ON THE LAND, AND (C)LEASING OF THE PROPERTY TO THE HOSPITAL FOR OPERATION TO THE EXTENT OF ITS CHARITABLE PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPLETED CONSTRUCTION AND DEVELOPMENT OF A MEDICAL OFFICE BUILDING AS DESCRIBED IN THE ORGANIZATION'S MISSION STATEMENT. RENTAL ACTIVITY BEGAN IN 2024.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Cook Jr President | OfficerTrustee | 0 | $0 |
Bill Oliver Vice President | OfficerTrustee | 0 | $0 |
Debbie Sanford Secretary | OfficerTrustee | 0 | $0 |
Lacey Miller Treasurer | OfficerTrustee | 0 | $0 |
Peter Kamp Director | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Baker Tilly Business Consulting | 9/29/23 | $470,000 |
Butler Snow Legal Services | 9/29/23 | $161,450 |
Jones Walker Legal Services | 9/29/23 | $148,380 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| 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 | $0 |
| Total Program Service Revenue | $447,679 |
| Investment income | $0 |
| 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 | $447,679 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,000 |
| 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 | $196,544 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $313,384 |
| Insurance | $7,524 |
| All other expenses | $52,800 |
| Total functional expenses | $574,502 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,124,092 |
| 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 | $15,641,384 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,765,476 |
| Accounts payable and accrued expenses | $1,310,957 |
| 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 | $16,570,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $17,880,957 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | -$1,115,481 |
| 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 | $16,765,476 |