Mcleod Medical Center Foundation
- Assets
- $18.8m
- Revenue
- $10.7m
- Investments
- $8.3m
- Employees
- 16
- Location
- Florence, SC
- Founding
- 08/1988
- Data as of
- 09/2021
- EIN
- 57-0818672
Organization Overview
Mcleod Medical Center Foundation is located in Florence, SC. The organization was established in 1988. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2021, Mcleod Medical Center Foundation employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcleod 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 09/2021, Mcleod Medical Center Foundation generated $10.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $9.1m during the year ending 09/2021. While expenses have increased by 7.3% 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.
Since 2015, Mcleod Medical Center Foundation has awarded 39 individual grants totaling $54,569,328. 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
MISSION IS TO GENERATE SUPPORT TO PERPETUATE MEDICAL EXCELLENCE AT MCLEOD HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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) | Role | Hours | Compensation |
|---|---|---|---|
Jill Bramblett Executive Director | Officer | 40 | $383,615 |
Jonathan M Reichenbach Vice Chair | OfficerTrustee | 1 | $0 |
Karen R Hill MD Chairperson | OfficerTrustee | 1 | $0 |
Robert H Sasser III Treasurer | OfficerTrustee | 1 | $0 |
Laura M Marechal Secretary | OfficerTrustee | 1 | $0 |
Timothy E Cunningham Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $569,520 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,681,339 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,250,859 |
| Total Program Service Revenue | $0 |
| Investment income | $191,028 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $251,835 |
| Net Income from Fundraising Events | $24,726 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,718,448 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,101,885 |
| Grants and other assistance to domestic individuals. | $33,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $340,287 |
| Compensation of current officers, directors, key employees. | $20,417 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $643,452 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $211,962 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $132,268 |
| Advertising and promotion | $134,978 |
| Office expenses | $251,448 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,402 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,492 |
| Insurance | $1,982 |
| All other expenses | $0 |
| Total functional expenses | $9,147,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,176,740 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,892,330 |
| 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 | $10,508 |
| Investments—publicly traded securities | $7,486,650 |
| Investments—other securities | $8,254,953 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,821,181 |
| Accounts payable and accrued expenses | $103,663 |
| Grants payable | $1,166,654 |
| 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 | $1,510,402 |
| Total liabilities | $2,780,719 |
| Net assets without donor restrictions | $9,881,235 |
| Net assets with donor restrictions | $6,159,227 |
| 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 | $18,821,181 |
Grants Awarded
Over the last fiscal year, Mcleod Medical Center Foundation has awarded $7,101,885 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Florence, SC PURPOSE: HEALTH SERVICES | $6,616,586 |
Florence, SC PURPOSE: HEALTH SERVICES | $284,620 |
Florence, SC PURPOSE: HEALTH SERVICES | $99,714 |
Florence, SC PURPOSE: HEALTH SERVICES | $79,094 |
Florence, SC PURPOSE: HEALTH SERVICES | $21,871 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that Mcleod Medical Center Foundation has recieved totaling $2,452,290.
| Awarding Organization | Amount |
|---|---|
Duke Endowment Charlotte, NC PURPOSE: TO INCREASE ACCESS TO COVID-19 VACCINATIONS AND ESTABLISH VACCINE CLINICS IN PARTNERSHIP WITH AFRICAN AMERICAN CHURCHES IN THREE COUNTIES. | $375,000 |
Duke Endowment Charlotte, NC PURPOSE: TO EXPAND SCHOOL-BASED TELEHEALTH PROGRAMS IN FIVE RURAL COUNTIES IN SOUTH CAROLINA. | $300,000 |
Duke Endowment Charlotte, NC PURPOSE: TO BUILD CAPACITY TO ADDRESS FOOD INSECURITY AND MALNOURISHMENT. | $281,000 |
Duke Endowment Charlotte, NC PURPOSE: TO PROVIDE HOME-BASED PRIMARY CARE TO PATIENTS IN RURAL COMMUNITIES VIA NURSES AND TELEHEALTH TECHNOLOGY. | $272,000 |
Duke Endowment Charlotte, NC PURPOSE: TO EXPAND A COMMUNITY NETWORK OF CARE FOR THE LOW-INCOME, UNINSURED IN DARLINGTON, DILLON, FLORENCE AND MARION COUNTIES. | $250,000 |
Duke Endowment Charlotte, NC PURPOSE: TO TEST A HUB MODEL THAT CENTRALIZES CARE COORDINATION PROGRAMS WITH 24/7 AVAILABILITY FOR PATIENTS. | $200,000 |
Endowment Analysis
| Beg. Balance | $5,366,498 |
| Earnings | $648,844 |
| Admin Expense | $30,900 |
| Net Contributions | $179,302 |
| Other Expense | $144,781 |
| Ending Balance | $6,018,963 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Armc Physicians Care Inc Greensboro, NC | $1,939,063 | $13,036,879 |
Healthcare Foundation Of Wilson Wilson, NC | $207,911,505 | $10,473,791 |
Alleghany County Memorial Hospital Inc Sparta, NC | $23,031,959 | $15,886,871 |
Wellstar Sylvan Grove Hospital Inc Marietta, GA | $8,619,975 | $16,516,673 |
Pender Memorial Hospital Incorporated Burgaw, NC | $39,814,102 | $13,183,408 |
Kershawhealth Camden, SC | $123,086,645 | $13,029,458 |
The Spartanburg Regional Healthcare System Foundation Spartanburg, SC | $49,277,778 | $9,433,693 |
Mcleod Medical Center Foundation Florence, SC | $18,821,181 | $10,718,448 |
Glynn-Brunswick Memorial Hospital Authority Brunswick, GA | $242,841,000 | $8,949,000 |
Hospital Authority Of Clarke County Georgia Athens, GA | $176,767,692 | $7,567,283 |
Americus & Sumter County Hospital Authority Americus, GA | $60,458,156 | $1,420,033 |
Durham Asset Management Company Incorporated Durham, NC | $4,661,341 | $4,673,603 |