East Carolina University Medical & Health Sciences Foundation Inc
- Assets
- $74.6m
- Revenue
- $5.2m
- Investments
- $57.4m
- Employees
- 0
- Location
- Greenville, NC
- Founding
- 12/1969
- Data as of
- 06/2021
- EIN
- 23-7138921
Organization Overview
East Carolina University Medical & Health Sciences Foundation Inc is located in Greenville, NC. The organization was established in 1969. 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. East Carolina University Medical & Health Sciences 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 06/2021, East Carolina University Medical & Health Sciences Foundation Inc generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $4.1m during the year ending 06/2021. While expenses have increased by 4.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION EXISTS FOR THE PURPOSES OF SUPPORTING AND PROMOTING THE EDUCATIONAL AND CHARITABLE PURPOSES AND THE LAWFUL ACTIVITIES OF THE ECU DIVISION OF HEALTH SCIENCES.
Describe the Organization's Program Activity:
SCHOLARSHIPS AND AWARDS - AWARDS ARE GIVEN TO QUALIFYING STUDENTS AND RESIDENTS TO ENABLE THEM TO ATTAIN A QUALITY EDUCATION OF HIGHER LEARNING OR TO RECOGNIZE THEM FOR ACHIEVEMENTS IN EDUCATION OR RESEARCH.
PROGRAM AND FACULTY SUPPORT - THE FOUNDATION PROVIDES SUPPORT TO VARIOUS PROGRAMS AND DEPARTMENTS FOR THE SCHOOLS OF MEDICINE AND DENTAL MEDICINE, COLLEGES OF NURSING AND ALLIED HEALTH SCIENCES, AND THE LAUPUS LIBRARY.
RESEARCH, CLINICAL AND EDUCATION - AID AND SUPPORT ARE GIVEN TO STUDENTS, PROFESSORS, AND RESIDENTS FOR THEIR RESEARCH IN FIELDS OF MEDICAL SCIENCE. THE FOUNDATION ALSO PROVIDES SUPPORT FOR EDUCATIONAL ACTIVITIES TO STUDENTS AND THE COMMUNITY AND TO PROVIDE CARE TO PATIENTS AT UNIVERSITY MEDICAL AND DENTAL CLINICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vincent R Jones Vice Chair | OfficerTrustee | 1 | $0 |
Thomas J Robinson Chair | OfficerTrustee | 1 | $0 |
David J Whichard III Vice Chair | OfficerTrustee | 1 | $0 |
Deanna M Boyette Secretary | OfficerTrustee | 1 | $0 |
Gary R Vanderpool Treasurer | Officer | 1 | $0 |
Herbert G Garrison III Interim President | Officer | 35 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,903 |
| Related organizations | $368,028 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,408,946 |
| Noncash contributions included in lines 1a–1f | $190,802 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,789,877 |
| Total Program Service Revenue | $33,850 |
| Investment income | $250,694 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $34,100 |
| Net Gain/Loss on Asset Sales | $125,743 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,234,264 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,266,966 |
| Grants and other assistance to domestic individuals. | $1,040,074 |
| 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 | $413 |
| Fees for services: Accounting | $17,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $518 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $976,200 |
| Advertising and promotion | $138,816 |
| Office expenses | $202,597 |
| Information technology | $37,411 |
| Royalties | $0 |
| Occupancy | $38,993 |
| Travel | $28,595 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,957 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,350 |
| Insurance | $18,859 |
| All other expenses | $55,602 |
| Total functional expenses | $4,106,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,814,546 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $642,986 |
| 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 | $12,874 |
| Net Land, buildings, and equipment | $2,716,422 |
| Investments—publicly traded securities | $8,936,169 |
| Investments—other securities | $57,430,334 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,999,497 |
| Total assets | $74,552,828 |
| Accounts payable and accrued expenses | $82,450 |
| 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 | $421,250 |
| Total liabilities | $503,700 |
| Net assets without donor restrictions | $19,710,688 |
| Net assets with donor restrictions | $54,338,440 |
| 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 | $74,552,828 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that East Carolina University Medical & Health Sciences Foundation Inc has recieved totaling $818,512.
| Awarding Organization | Amount |
|---|---|
North Carolina Community Foundation Inc Raleigh, NC PURPOSE: EDUCATION | $361,763 |
Dogwood Health Trust Asheville, NC PURPOSE: IMPROVED ACCESS TO ORAL HEALTH CARE | $225,000 |
East Carolina University Foundation Inc Greenville, NC PURPOSE: GENERAL PROGRAM | $80,234 |
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL SUPPORT | $67,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $43,675 |
Delta Dental Fund Lansing, MI PURPOSE: GENERAL GRANT | $20,803 |
Endowment Analysis
| Beg. Balance | $32,589,665 |
| Earnings | $1,156,363 |
| Admin Expense | $287,025 |
| Net Contributions | $10,888,387 |
| Other Expense | $681,829 |
| Grants | $530,054 |
| Ending Balance | $43,135,507 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Healthcare System Inc Warner Robins, GA | $2,831,389 | $10,479,781 |
Baptist Memorial Health Care Foundation Memphis, TN | $704,887,527 | $54,101,503 |
West Georgia Health Foundation Inc Marietta, GA | $8,141,093 | $4,609,093 |
Sheltering Arms Foundation Mechanicsville, VA | $205,278,403 | $11,542,533 |
Le Bonheur Childrens Hospital Foundation Memphis, TN | $96,675,707 | $25,710,554 |
Trustees Of Medical Services Of Am Inc Empl Health Ben Plan 6 Tr Lexington, SC | $5,490 | $14,210,986 |
Rowan Regional Medical Center Foundation Inc Winston Salem, NC | $63,491,170 | $11,479,503 |
Bath Community Hospital Foundation Hot Springs, VA | $25,068,775 | $7,394,465 |
Potomac Health Foundation Woodbridge, VA | $124,789,436 | $8,932,196 |
Plumbers And Pipefitters L U 572 Health And Welfare Fund Goodlettsville, TN | $19,730,789 | $13,559,404 |
Fauquier Hospital Endowment Fund Under Trust Agreement With Dated 1 Charlottesville, VA | $0 | $393,399 |
Medical Society Of S C Charleston, SC | $641,115,218 | $16,899,363 |