Centra Health Foundation
- Assets
- $80.7m
- Revenue
- $4.0m
- Investments
- $22.5m
- Employees
- 8
- Location
- Lynchburg, VA
- Founding
- 08/1994
- Data as of
- 12/2022
- 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 12/2022, Centra Health Foundation employed 8 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 12/2022, Centra Health Foundation generated $4.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $7.2m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Centra Health Foundation has awarded 64 individual grants totaling $18,954,272. 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
2022
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 |
|---|---|---|---|
Amy Carrier President/ceo | OfficerTrustee | 2 | $0 |
Doug Davenport Treasurer | OfficerTrustee | 2 | $0 |
Elizabeth Doyle Executive Vice President | OfficerTrustee | 50 | $264,471 |
Winifred Winnie Agard MD Director | Trustee | 2 | $0 |
Allison Ebert Director Of Fdn. Development | 40 | $100,174 | |
Carolyn W Jacques Chairman | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $286,839 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,233,098 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,519,937 |
| Total Program Service Revenue | $0 |
| Investment income | $2,496,346 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$986,738 |
| Net Income from Fundraising Events | -$4,380 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,025,165 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,466,767 |
| Grants and other assistance to domestic individuals. | $97,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $311,817 |
| Compensation of current officers, directors, key employees. | $311,817 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $375,696 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $151,004 |
| Payroll taxes | $0 |
| Fees for services: Management | $32,500 |
| Fees for services: Legal | $7,119 |
| Fees for services: Accounting | $18,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $542,140 |
| Fees for services: Other | $77,636 |
| Advertising and promotion | $2,949 |
| Office expenses | $56,756 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,445 |
| Travel | $12,749 |
| 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 | $7,158,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $514,731 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $386,271 |
| 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 | $56,378,481 |
| Investments—other securities | $22,522,891 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,159 |
| Total assets | $80,725,571 |
| Accounts payable and accrued expenses | $33,250 |
| 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 | $5,298,261 |
| Total liabilities | $5,331,511 |
| Net assets without donor restrictions | $2,254,430 |
| Net assets with donor restrictions | $73,139,630 |
| 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 | $80,725,571 |
Grants Awarded
Over the last fiscal year, Centra Health Foundation has awarded $5,465,852 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BEDFORD MEMORIAL HOSPITAL PURPOSE: PROVIDE FINANCIAL SUPPORT TO HOSPITAL | $58,333 |
CENTRA HEALTH INC PURPOSE: See Part IV | $5,407,519 |