The Spartanburg Regional Healthcare System Foundation
- Assets
- $49.3m
- Revenue
- $9.4m
- Investments
- $2.9m
- Employees
- 0
- Location
- Spartanburg, SC
- Founding
- 12/1991
- Data as of
- 09/2022
- EIN
- 57-0937166
Organization Overview
The Spartanburg Regional Healthcare System Foundation is located in Spartanburg, SC. The organization was established in 1991. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spartanburg Regional Healthcare System 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 09/2022, Spartanburg Regional Healthcare System Foundation generated $9.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $12.2m during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Spartanburg Regional Healthcare System Foundation has awarded 241 individual grants totaling $8,461,872. 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
THE FOUNDATION'S PURPOSE IS TO PROVIDE FINANCIAL SUPPORT FOR SPARTANBURG REGIONAL HEALTHCARE SYSTEM (SRHS). THE FOUNDATION PROMOTES HEALTH BY FUNDING SPECIFIC PROJECTS THAT BENEFIT THE WELLBEING OF THE COMMUNITY IN ACCORDANCE WITH DONOR-IMPOSED RESTRICTIONS. THE FOUNDATION ALSO AWARDS GRANTS TO SRHS AND OTHER COMMUNITY ORGANIZATIONS WHOSE FOCUS IS HEALTH AND WELLNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH GRANTS AND CONTRIBUTIONS FROM DONORS, SPARTANBURG REGIONAL FOUNDATION SUPPORTS THE HEALTH AND WELLBEING OF THE COMMUNITY. IN FY22, THE FOUNDATION PROVIDED FUNDING FOR MORE THAN 60 PROJECTS THAT PROMOTE HEALTH IN ACCORDANCE WITH DONOR DESIGNATIONS. A SMALL SAMPLE OF THE ACCOMPLISHMENTS ACHIEVED WITH THESE FUNDS INCLUDE:1. SERVED 7,000 ADOLESCENTS THROUGH THE CONNECT SPARTANBURG COLLABORATION USING EVIDENCE-BASED TEEN PREGNANCY PREVENTION PROGRAMS2. SERVED OVER 28,000 MEALS TO SENIORS THROUGH THE SENIOR SERVICES PARTNERSHIP3. PROVIDED FUNDING FOR THE PURCHASE OF A NEW MOBILE MAMMOGRAPHY UNIT AND TRAILER4. PROVIDED FINANCIAL ASSISTANCE TO MORE THAN 700 PATIENTS THROUGH VARIOUS FUNDS FOR HELP WITH PRESCRIPTIONS, MEDICAL EQUIPMENT, AND OTHER NEEDS WHILE UNDERGOING TREATMENT5. CONTINUED TO SUPPORT SPARTANBURG REGIONAL HEALTHCARE SYSTEM WITH FUNDING FOR THE MULTIDISCIPLINARY CANCER CENTER, WHICH BEGAN TREATING PATIENTS IN 2020.
SPARTANBURG REGIONAL FOUNDATION AWARDS GRANTS TO AREAS OF SPARTANBURG REGIONAL HEALTHCARE SYSTEM FROM ITS UNRESTRICTED FUNDS THROUGH AN ANNUAL GRANT CYCLE. IN FY22, $480,800 WAS AWARDED FOR DIFFERENT HOSPITAL PROJECTS. JUST A FEW OF THE AREAS FUNDED INCLUDE:1. FUNDING FOR RENOVATION OF THE CHAPEL AND PATIO AREAS OF THE SPARTANBURG REGIONAL HEALTHCARE SYSTEM HOSPICE HOME2. FUNDING FOR REHABILITATION EXERCISE EQUIPMENT TO INCREASE PATIENTS' STRENGTH, ENDURANCE, AND NEUROLOGICAL RECOVERY3. FUNDING FOR EDUCATIONAL SUPPLIES AND LEARNING PROGRAMS FOR SPECIAL-NEEDS INTERNS IN PROJECT SEARCH 4. FUNDING FOR WIRELESS SIMULATION MANIKINS AND ACCESSORIES FOR CLINICAL TRAINING
SPARTANBURG REGIONAL FOUNDATION MAKES AN IMPACT ON COMMUNITY HEALTH IN THE UPSTATE OF SOUTH CAROLINA BY AWARDING GRANTS TO LOCAL NONPROFIT ORGANIZATIONS. GRANT REQUESTS ARE REVIEWED BY A COMMITTEE OF FOUNDATION BOARD MEMBERS AND COMMUNITY VOLUNTEERS, WHO MAKE RECOMMENDATIONS TO THE FOUNDATION'S BOARD OF TRUSTEES. IN FY22, THE FOUNDATION FUNDED 17 COMMUNITY GRANTS TOTALING $120,200. EACH OF THE ORGANIZATIONS FUNDED IN 2022 SERVE AS A SAFETY NET IN THE SRHS SERVICE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne P Flynn Chair | OfficerTrustee | 1 | $0 |
Brenda M James Secretary | OfficerTrustee | 1 | $0 |
Vic Bailey III Treasurer | OfficerTrustee | 1 | $0 |
John Harrill MD Immediate Past Chair | OfficerTrustee | 1 | $0 |
Jon A Jensen Vice Chair | OfficerTrustee | 1 | $0 |
Kristina Caradori Executive Director | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $84,155 |
| Membership dues | $0 |
| Fundraising events | $210 |
| Related organizations | $1,668,693 |
| Government grants | $1,320,130 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,882,656 |
| Noncash contributions included in lines 1a–1f | $16,993 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,955,844 |
| Total Program Service Revenue | $0 |
| Investment income | $2,051,107 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $426,742 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,433,693 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,296,384 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $786,123 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $370,491 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $75,979 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $238,217 |
| Fees for services: Other | $101,558 |
| Advertising and promotion | $31,249 |
| Office expenses | $39,644 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $204,083 |
| Travel | $4,202 |
| 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 | $337 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $12,216,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $144,290 |
| Pledges and grants receivable | $1,194,269 |
| Accounts receivable, net | $466,768 |
| 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 | $332,500 |
| Investments—publicly traded securities | $44,264,857 |
| Investments—other securities | $2,875,094 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $49,277,778 |
| Accounts payable and accrued expenses | $658,438 |
| Grants payable | $0 |
| Deferred revenue | $51,830 |
| 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 | $573,504 |
| Total liabilities | $1,283,772 |
| Net assets without donor restrictions | $16,318,823 |
| Net assets with donor restrictions | $31,675,183 |
| 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 | $49,277,778 |
Grants Awarded
Over the last fiscal year, The Spartanburg Regional Healthcare System Foundation has awarded $3,601,000 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
SPARTANBURG REGIONAL HEALTHCARE SYSTEM PURPOSE: CAPITAL FUNDS | $3,000,000 |
SMC FACILITIES PURPOSE: TO UPGRADE THE OUTDOOR DINING AND PATIO AREA OUTSIDE OF THE MAIN CAFETERIA AREA BETWEEN SPARTANBURG MEDICAL CENTER AND THE REGIONAL OUTPATIENT CENTER. | $124,688 |
SPARTANBURG REGIONAL HOSPICE PURPOSE: TO RENOVATE THE SPARTANBURG REGIONAL HOSPICE HOME CHAPEL AND PATIO AREAS OF EACH PATIENT ROOM. | $115,000 |
SPARTANBURG REGIONAL MEDICAL CENTER-MARY BLACK CAMPUS CENTER FOR REHABILITA PURPOSE: TO PURCHASE AWNINGS AND UPGRADE THE ACCESSABILITY OF THE WALKWAY AT THE SPARTANBURG MEDICAL CENTER MARY BLACK CAMPUS CENTER FOR REHABILITATIVE MEDICINE | $42,089 |
SPARTANBURG REGIONAL HEALTHCARE SYSTEM TRAINING & OPTIMIZATION DEPARTMENT PURPOSE: TO PURCHASE TECHNOLOGY, UPGRADE STORAGE, AND OUTFIT AN EXISTING ROOM IN THE SPARTANBURG MEDICAL CENTER TYNER TRAINING CENTER | $30,000 |
ACCESSHEALTH SPARTANBURG PURPOSE: TO PROVIDE TRANSPORTATION FOR PATIENTS LIVING IN CHEROKEE AND UNION COUNTIES | $29,901 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that The Spartanburg Regional Healthcare System Foundation has recieved totaling $1,422,203.
| Awarding Organization | Amount |
|---|---|
Spartanburg County Foundation Spartanburg, SC PURPOSE: GENERAL SUPPORT | $299,836 |
Duke Endowment Charlotte, NC PURPOSE: TO EXPAND A COMMUNITY NETWORK OF CARE FOR THE LOW-INCOME, UNINSURED IN SPARTANBURG COUNTY. | $250,000 |
Duke Endowment Charlotte, NC PURPOSE: TO UTILIZE PATIENT NAVIGATORS TO EXPAND CANCER SERVICES TO RURAL AND UNDERSERVED POPULATIONS IN CHEROKEE AND UNION COUNTIES. | $186,000 |
Duke Endowment Charlotte, NC PURPOSE: TO EXPAND A HEALTHY PEOPLE, HEALTHY CAROLINAS COALITION TO INCREASE CAPACITY AND IMPROVE POPULATION HEALTH IN SPARTANBURG COUNTY. | $150,000 |
Duke Endowment Charlotte, NC PURPOSE: TO IMPROVE ACCESS TO AGE SPECIFIC HEALTH CARE FOR ADOLESCENTS IN SPARTANBURG, UNION AND CHEROKEE COUNTIES. | $140,000 |
Duke Endowment Charlotte, NC PURPOSE: TO EXPAND A COMMUNITY HEALTH WORKER PROGRAM. | $110,500 |
Endowment Analysis
| Beg. Balance | $3,399,989 |
| Earnings | -$525,725 |
| Admin Expense | $4,239 |
| Net Contributions | $26,535 |
| Ending Balance | $2,896,560 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stephens County Hospital Authority Toccoa, GA | $31,750,136 | $50,289,631 |
Chatham Hospital Inc Siler City, NC | $25,669,520 | $44,313,104 |
Mcleod Medical Center Dillon Florence, SC | $110,037,034 | $57,500,256 |
Bacon County Health Services Inc Alma, GA | $58,017,559 | $55,115,427 |
Ashe Memorial Hospital Inc Jefferson, NC | $27,570,450 | $45,501,677 |
Little River Medical Center Inc Little River, SC | $31,499,464 | $44,441,557 |
St Lukes Hospital Inc Columbus, NC | $68,680,012 | $51,213,276 |
Donalsonville Hospital Inc Donalsonville, GA | $42,317,264 | $44,552,738 |
Taylor Regional Hospital Hawkinsville, GA | $27,030,419 | $40,495,793 |
Anmed Health Cannon Pickens, SC | $13,766,041 | $31,110,533 |
Good Samaritan Hospital Inc Greensboro, GA | $59,786,458 | $36,297,937 |
Chatuge Regional Hospital Inc Hiawassee, GA | $18,176,211 | $37,180,775 |