Richland Memorial Hospital Research And Education Foundation
- Assets
- $0.0
- Revenue
- $52.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbia, SC
- Founding
- Data as of
- 11/2017
- EIN
- 23-7010028
Organization Overview
Richland Memorial Hospital Research And Education Foundation is located in Columbia, SC. Richland Memorial Hospital Research And Education 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 11/2017, Richland Memorial Hospital Research And Education Foundation generated $52.1k 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 (30.8%) each year. All expenses for the organization totaled $162.8k during the year ending 11/2017. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT EDUCATION, SERVICE, AND RESEARCH IN THE FIELDS OF PREVENTATIVE AND CURATIVE MEDICINE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION CEASED OPERATIONS DURING THE YEAR.THE RICHLAND MEMORIAL HOSPITAL RESEARCH AND EDUCATION FOUNDATION WAS INCORPORATED IN 1968 AS A CHARITABLE, ELEEMOSYNARY, AND EDUCATIONAL FOUNDATION. AS STATED IN ITS CHARTER, ITS PURPOSE IS "EXCLUSIVELY EDUCATION AND CHARITABLE; TO AUGMENT AND TO AID EDUCATION, SERVICE, AND RESEARCH IN THE FIELDS OF PREVENTATIVE AND CURATIVE MEDICINE." THE FOUNDATION RECEIVES FUNDS TO SUPPORT THE TEACHING ACTIVITIES OF THE ANESTHESIOLOGY, EMERGENCY MEDICINE, AND PSYCHIATRY DEPARTMENTS THROUGH FUNDING OF MEDICAL FACULTY POSITIONS. THE FOUNDATION CONTINUES TO SUPPORT VARIOUS EDUCATIONAL AND RESEARCH ACTIVITIES RELATED TO OPERATIONS OF VARIOUS MEDICAL EDUCATION AND RESEARCH ACTIVITIES ON THE PALMETTO HEALTH RICHLAND CAMPUS.
THE ORGANIZATION CEASED OPERATIONS DURING THE YEAR.THE RICHLAND MEMORIAL HOSPITAL RESEARCH AND EDUCATION FOUNDATION WAS INCORPORATED IN 1968 AS A CHARITABLE, ELEEMOSYNARY, AND EDUCATIONAL FOUNDATION. AS STATED IN ITS CHARTER, ITS PURPOSE IS "EXCLUSIVELY EDUCATION AND CHARITABLE; TO AUGMENT AND TO AID EDUCATION, SERVICE, AND RESEARCH IN THE FIELDS OF PREVENTATIVE AND CURATIVE MEDICINE." THE FOUNDATION RECEIVES FUNDS TO SUPPORT THE TEACHING ACTIVITIES OF THE ANESTHESIOLOGY, EMERGENCY MEDICINE, AND PSYCHIATRY DEPARTMENTS THROUGH FUNDING OF MEDICAL FACULTY POSITIONS. THE FOUNDATION CONTINUES TO SUPPORT VARIOUS EDUCATIONAL AND RESEARCH ACTIVITIES RELATED TO OPERATIONS OF VARIOUS MEDICAL EDUCATION AND RESEARCH ACTIVITIES ON THE PALMETTO HEALTH RICHLAND CAMPUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James I Raymond MD President | OfficerTrustee | 1 | $0 |
Jim Curtis DMD Vice President | OfficerTrustee | 1 | $0 |
Paul Duane Secretary/treasurer | OfficerTrustee | 1 | $0 |
Jerome Odom PHD Trustee | Trustee | 1 | $0 |
George S King Jr Trustee | Trustee | 1 | $0 |
James L Best Trustee | Trustee | 1 | $0 |
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 | $51,969 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,969 |
| Total Program Service Revenue | $0 |
| Investment income | $116 |
| 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 | $52,085 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $60,000 |
| 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 | $94,120 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,136 |
| Advertising and promotion | $0 |
| Office expenses | $120 |
| 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 | $4,467 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $162,843 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
Grants Awarded
Over the last fiscal year, Richland Memorial Hospital Research And Education Foundation has awarded $53,769 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
USC DEPT OF INTERNAL MEDICINE PURPOSE: GRANT IN AID | $25,000 |
USC DEPT OF ORTHO PURPOSE: GRANT IN AID | $14,708 |
USC DEPT OF OBGYN PURPOSE: GRANT IN AID | $8,311 |
USC FAMILY PREVENTATIVE MEDICINE PURPOSE: GRANT IN AID | $5,750 |