Rowan Regional Medical Center Foundation Inc

Organization Overview

Rowan Regional Medical Center Foundation Inc, operating under the name Novant Health Rowan Medical Center Foundation, is located in Winston Salem, NC. The organization was established in 1989. 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, Novant Health Rowan Medical Center Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Novant Health Rowan Medical Center 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, Novant Health Rowan Medical Center Foundation generated $11.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.5% each year . All expenses for the organization totaled $14.0m during the year ending 12/2021. While expenses have increased by 23.4% per year over the past 7 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.

Since 2014, Novant Health Rowan Medical Center Foundation has awarded 30 individual grants totaling $26,649,704. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O

Describe the Organization's Program Activity:

Part 3 - Line 4a

CONSISTENT WITH THE ORGANIZATION'S EXEMPT PURPOSE, ROWAN REGIONAL MEDICAL CENTER FOUNDATION ("RRMCF") SUPPORTS ROWAN REGIONAL MEDICAL CENTER, A NOT-FOR-PROFIT HOSPITAL LOCATED IN SALISBURY, NC. AS SUCH, RRMCF FOCUSES ITS EFFORTS TO RAISE COMMUNITY SUPPORT AND FUNDING THROUGH CHARITABLE GIVING FOR MUCH-NEEDED PROGRAMS, IMPROVED FACILITIES AND STATE-OF-THE ART TECHNOLOGY FOR ROWAN REGIONAL MEDICAL CENTER.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Robertson Mark
Vice Chair
$0
Smith Tracy
Chair
$0
Overcash Bryan
Sec/treas
$0
Caulkins Dorothy
SVP Foundations
$0
Aron Michael
Trustee
$0
Blabon Gary
Pres Rrmc/trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$612
Related organizations$2,650,000
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$3,519,329
Noncash contributions included in lines 1a–1f $1,200
Total Revenue from Contributions, Gifts, Grants & Similar$6,169,941
Total Program Service Revenue$0
Investment income $598,190
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,680,025
Net Income from Fundraising Events $1,401
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $11,479,503

Grants Awarded

Over the last fiscal year, Rowan Regional Medical Center Foundation Inc has awarded $13,425,499 in support to 4 organizations.

Grant RecipientAmount

ROWAN REGIONAL MEDICAL CENTER INC

Org PageRecipient Profile

Winston Salem, NC

PURPOSE: TO SUPPORT NH ROWAN MEDICAL CENTER

$13,180,657

ROWAN COUNTY UNITED WAY INC

Org PageRecipient Profile

Salisbury, NC

PURPOSE: COMMUNITY OUTREACH

$143,384

COMMUNITY CARE CLINIC OF ROWAN COUNTY INC

Org PageRecipient Profile

Salisbury, NC

PURPOSE: COMMUNITY OUTREACH AND BIOMETRIC SCREENINGS

$84,500

FOUNDATION HEALTH SYSTEMS CORP

Org PageRecipient Profile

Winston Salem, NC

PURPOSE: COMMUNITY OUTREACH

$16,958
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Rowan Regional Medical Center Foundation Inc has recieved totaling $3,876,900.

Awarding OrganizationAmount
Novant Health Inc

Winston Salem, NC

PURPOSE: TO SUPPORT NH ROWAN REGIONAL MEDICAL CENTER

$2,640,000
Foundation For The Carolinas

Charlotte, NC

PURPOSE: CHARITABLE GIFT

$1,226,900
Rowan Regional Medical Center Auxiliary

Winston Salem, NC

PURPOSE: TO SUPPORT NH ROWAN MEDICAL CENTER FOUNDATION CANCER FUND

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$13,471,155
Earnings$60,533
Net Contributions$2,270,590
Other Expense$12,385,190
Grants$6,395
Ending Balance$3,410,693

Create an account to unlock the data you need.

or