Princeton Memorial Company
- Assets
- $11.4m
- Revenue
- $14.2m
- Investments
- $0.0
- Employees
- 219
- Location
- Princeton, WV
- Founding
- 12/1964
- Data as of
- 06/2021
- EIN
- 55-6024669
Organization Overview
Princeton Memorial Company is located in Princeton, WV. The organization was established in 1964. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 06/2021, Princeton Memorial Company employed 219 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Princeton Memorial Company is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE OLD AGE HOMES - SKILLED NURSING HOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING FISCAL YEAR 2021, PRINCETON MEMORIAL COMPANY PROVIDED INPATIENT CARE FOR 30,492 RESIDENT DAYS WITH 82 RESIDENT ADMISSIONS DURING THE YEAR. THE STAFF CONDUCTED COVID AND WELLNESS PROGRAMS FOR STAFF, RESIDENTS, AND FAMILIES AND PROVIDED ASSISTANCE TO AREA HEALTH CARE PROVIDERS BY CONDUCTING NURSE AIDE TRAINING COURSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stefanie Compton Trustee & Administrator | OfficerTrustee | 40 | $205,582 |
Christie Bailey Director Of Nursing | Officer | 40 | $191,826 |
Keith Buchanan CFO | Officer | 40 | $174,847 |
Robert Bailey Rn Inservice Director | 40 | $114,594 | |
Kim Haynes Accounting Manager | 40 | $102,614 | |
William Draper Trustee & Chairman | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Odysseyy Rehab Therapy Services | 6/29/21 | $771,956 |
Reinhart Food Services Raw Food | 6/29/21 | $408,469 |
Mckesson Nursing Supplies | 6/29/21 | $390,675 |
L&p Productions Advertising | 6/29/21 | $143,452 |
Southern Pharmacy Drugs | 6/29/21 | $201,605 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,974,332 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,887 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,979,219 |
| Total Program Service Revenue | $10,836,034 |
| Investment income | $366,402 |
| 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 | $14,182,905 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,999 |
| 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. | $572,255 |
| Compensation of current officers, directors, key employees. | $572,255 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,666,414 |
| Pension plan accruals and contributions | $156,047 |
| Other employee benefits | $1,353,679 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50,131 |
| Fees for services: Accounting | $54,414 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $258,838 |
| Office expenses | $35,480 |
| Information technology | $118,298 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,734 |
| 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 | $327,914 |
| Insurance | $268,250 |
| All other expenses | $1,428,654 |
| Total functional expenses | $12,957,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $976,775 |
| Savings and temporary cash investments | $2,965,420 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,425,535 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $67,844 |
| Prepaid expenses and deferred charges | $596,708 |
| Net Land, buildings, and equipment | $2,790,855 |
| Investments—publicly traded securities | $2,586,987 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,410,124 |
| Accounts payable and accrued expenses | $1,230,839 |
| 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 | $1,230,839 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $10,179,285 |
| Total liabilities and net assets/fund balances | $11,410,124 |
Grants Awarded
Over the last fiscal year, Princeton Memorial Company has awarded $7,999 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Princeton, WV PURPOSE: OPERATIONS | $2,500 |
Princeton, WV PURPOSE: OPERATIONS | $1,974 |
FOUR SEASONS CHAMBER OF COMMERCE PURPOSE: OPERATIONS | $1,920 |
Chicago, IL PURPOSE: OPERATIONS | $1,605 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Madlyn And Leonard Abramson Center For Jewish Life Blue Bell, PA | $70,280,035 | $47,324,338 |
The Northeast Health Group Inc Bala Cynwyd, PA | $20,717,577 | $41,701,178 |
Covenant Woods Mechanicsville, VA | $166,902,923 | $38,635,107 |
Richfield Living Salem, VA | $138,338,925 | $32,030,155 |
Phoebe Home Inc Allentown, PA | $44,042,871 | $37,033,122 |
Millcreek Manor Erie, PA | $107,194,007 | $36,700,252 |
Home For The Friendless Harrisburg, PA | $50,316,591 | $35,247,733 |
Keswick Multi Care Center Inc Baltimore, MD | $21,425,413 | $33,875,242 |
Fairmount Long Term Care Philadelphia, PA | $13,717,481 | $34,473,122 |
Allied Services Skilled Nursing Center Clarks Summit, PA | $17,154,178 | $31,268,892 |
The Montefiore Home Beachwood, OH | $34,596,808 | $25,002,473 |
Saint Joseph Villa Flourtown, PA | $35,079,497 | $32,242,876 |