Centra Health Foundation
- Assets
- $92.6m
- Revenue
- $21.9m
- Investments
- $28.4m
- Employees
- 7
- Location
- Lynchburg, VA
- Founding
- 08/1994
- Data as of
- 12/2021
- EIN
- 54-1604094
Organization Overview
Centra Health Foundation is located in Lynchburg, VA. The organization was established in 1994. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2021, Centra Health Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centra Health 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 12/2021, Centra Health Foundation generated $21.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $4.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Centra Health Foundation has awarded 62 individual grants totaling $13,488,420. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT TO THE CENTRA HEALTHCARE SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Doyle Exec. VP | OfficerTrustee | 50 | $234,018 |
Amy Carrier Ceo/pres.(as Of Sept 2021) | OfficerTrustee | 2 | $0 |
Carolyn W Jacques Chairman | OfficerTrustee | 2 | $0 |
Richard Tugman Interim CEO (thru Aug 2021) | OfficerTrustee | 2 | $0 |
George A Hurt MD Vice-Chairman | OfficerTrustee | 2 | $0 |
Doug Davenport SVP Chief Financial Officer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $229,360 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,864,202 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,093,562 |
| Total Program Service Revenue | $0 |
| Investment income | $2,721,967 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,100,781 |
| Net Income from Fundraising Events | -$7,056 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,909,254 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,017,263 |
| Grants and other assistance to domestic individuals. | $22,906 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $260,509 |
| Compensation of current officers, directors, key employees. | $260,509 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $358,756 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $129,867 |
| Payroll taxes | $0 |
| Fees for services: Management | $32,499 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,183 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $557,532 |
| Fees for services: Other | $58,628 |
| Advertising and promotion | $1,115 |
| Office expenses | $124,351 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,085 |
| Travel | $4,055 |
| 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 | $4,585,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $804,975 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $670,507 |
| 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 | $903,038 |
| Investments—publicly traded securities | $61,816,664 |
| Investments—other securities | $28,438,527 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $92,633,711 |
| Accounts payable and accrued expenses | $42,524 |
| 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 | $753,543 |
| Total liabilities | $796,067 |
| Net assets without donor restrictions | $3,186,618 |
| Net assets with donor restrictions | $88,651,026 |
| 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 | $92,633,711 |
Grants Awarded
Over the last fiscal year, Centra Health Foundation has awarded $3,017,263 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Lynchburg, VA PURPOSE: See Part IV | $2,905,209 |
Bedford, VA PURPOSE: PROVIDE FINANCIAL SUPPORT TO HOSPITAL | $104,909 |
Bedford, VA PURPOSE: PROVIDE FINANCIAL SUPPORT TO HOSPITAL | $7,145 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Centra Health Foundation has recieved totaling $21,000.
| Awarding Organization | Amount |
|---|---|
Beverly W And Hampton O Powell Charitable Foundation Hardy, VA PURPOSE: SCHOLARSHIPS | $20,000 |
Ray-Griffin Foundation Lynchburg, VA PURPOSE: UNRESTRICTED | $1,000 |
Endowment Analysis
| Beg. Balance | $50,572,312 |
| Earnings | $4,768,318 |
| Net Contributions | $99,234 |
| Other Expense | $1,580,817 |
| Ending Balance | $53,859,047 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Construction Industry Of Kansas Health & Welfare Trust Fund Agreem Lexington, KY | $4,313,780 | $19,547,175 |
Carpenters Health Fund Of West Virginia Ona, WV | $33,945,838 | $18,485,815 |
Baptist Memorial Health Care Foundation Memphis, TN | $704,887,527 | $54,101,503 |
Sheltering Arms Foundation Mechanicsville, VA | $205,278,403 | $11,542,533 |
Childrens Hospital Foundation Louisville, KY | $121,952,447 | $19,774,743 |
Le Bonheur Childrens Hospital Foundation Memphis, TN | $96,675,707 | $25,710,554 |
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 |
Communicare Services Elizabethtown, KY | $10,036,197 | $20,763,461 |
Johns Hopkins All Childrens Foundation Inc Baltimore, MD | $150,122,516 | $24,043,790 |
Potomac Health Foundation Woodbridge, VA | $124,789,436 | $8,932,196 |
Washington Wholesalers Health And Welfare Fund Columbia, MD | $20,227,407 | $10,192,011 |