Albemarle Hospital Foundation
- Assets
- $1.4m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 19
- Location
- Elizabeth City, NC
- Founding
- 04/2004
- Data as of
- 09/2021
- EIN
- 43-2031990
Organization Overview
Albemarle Hospital Foundation is located in Elizabeth City, NC. The organization was established in 2004. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 09/2021, Albemarle Hospital Foundation employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albemarle Hospital 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 09/2021, Albemarle Hospital Foundation generated $1.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $1.1m during the year ending 09/2021. While expenses have increased by 4.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF ACCESS TO PRIMARY CARE AND PHARMACY SERVICES AND FACILITIES TO THE UNINSURED AND INDIGENT POPULATION OF THE SEVEN COUNTY AREA GENERALLY SERVICED BY THE ALBEMARLE HOSPITAL AUTHORITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF COMMUNITY CARE CLINICS THAT PROVIDE FREE AND REDUCED HEALTHCARE WITHIN THE COMMUNITY OF THE SENTARA ALBEMARLE REGIONAL MEDICAL CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Jarrett Executive Di | Officer | 40 | $130,300 |
Phil Donahue Chair | OfficerTrustee | 2 | $0 |
Peter Bruderle Secretary | OfficerTrustee | 2 | $0 |
George Thomas Treasurer | OfficerTrustee | 2 | $0 |
Sandra Ray Vice Chair | OfficerTrustee | 2 | $0 |
Margare Donohoe Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $431,802 |
| All other contributions, gifts, grants, and similar amounts not included above | $707,073 |
| Noncash contributions included in lines 1a–1f | $40,515 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,138,875 |
| Total Program Service Revenue | $101,778 |
| Investment income | $622 |
| 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 | $1,241,275 |
| 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. | $130,300 |
| Compensation of current officers, directors, key employees. | $65,150 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $662,061 |
| Pension plan accruals and contributions | $8,759 |
| Other employee benefits | $54,526 |
| Payroll taxes | $51,936 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,000 |
| Office expenses | $1,882 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,627 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,190 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,687 |
| Insurance | $14,654 |
| All other expenses | $24,378 |
| Total functional expenses | $1,120,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,093,134 |
| Pledges and grants receivable | $69,313 |
| Accounts receivable, net | $4,157 |
| 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 | $8,482 |
| Net Land, buildings, and equipment | $260,587 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,435,673 |
| Accounts payable and accrued expenses | $18,325 |
| 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 | $331,542 |
| Total liabilities | $349,867 |
| Net assets without donor restrictions | $1,069,554 |
| Net assets with donor restrictions | $16,252 |
| 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 | $1,435,673 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Albemarle Hospital Foundation has recieved totaling $551,512.
| Awarding Organization | Amount |
|---|---|
Duke Endowment Charlotte, NC PURPOSE: TO EXPAND A COMMUNITY NETWORK OF CARE FOR THE LOW-INCOME, UNINSURED IN EASTERN NORTH CAROLINA. | $200,000 |
Direct Relief Santa Barbara, CA PURPOSE: SUPPORT TO US CLINICS & HEALTH CENTERS FOR LOW-INCOME, UNINSURED PATIENTS | $169,912 |
North Carolina Association Of Free And Charitable Clinics Inc Winston Salem, NC PURPOSE: Increase avail of healthcare to uninsured of NC or CRF for COVID-19 related costs | $84,538 |
Sentara Hospitals Norfolk, VA PURPOSE: PROGRAM SUPPORT | $55,812 |
North Carolina Community Foundation Inc Raleigh, NC PURPOSE: HEALTH | $26,250 |
North Carolina Association Of Free And Charitable Clinics Inc Winston Salem, NC PURPOSE: Increase avail of healthcare to uninsured of NC or CRF for COVID-19 related costs | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Family Health Centers Inc Orangeburg, SC | $20,767,853 | $20,714,600 |
Sarrell Regional Dental Center For Public Health Inc Nashville, TN | $0 | $14,776,033 |
Vernon J Harris East End Community Health Center Richmond, VA | $16,491,189 | $17,512,420 |
Memphis Lung Physicians Foundation Inc Memphis, TN | $4,739,184 | $13,322,151 |
Peninsula Institute For Community Health Inc Newport News, VA | $13,296,613 | $18,520,138 |
Southwest Virginia Community Health Systems Incorporated Meadowview, VA | $23,215,796 | $18,922,049 |
Greater Prince William Area Community Health Center Inc Woodbridge, VA | $9,047,910 | $19,215,869 |
Georgia Highlands Medical Services Inc Cumming, GA | $9,524,949 | $16,747,802 |
Matthew Walker Comprehensive Health Center Inc Nashville, TN | $12,433,796 | $15,795,322 |
Mountain Community Health Partnership Incorporated Bakersville, NC | $9,409,704 | $15,495,800 |
Health Care Partners Of South Carolina Inc Conway, SC | $17,532,043 | $17,540,965 |
Tri Area Community Health Laurel Fork, VA | $16,479,129 | $14,012,856 |