Tuomey Foundation
- Assets
- $36.5m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Sumter, SC
- Founding
- 08/1996
- Data as of
- 09/2021
- EIN
- 57-1041691
Organization Overview
Tuomey Foundation is located in Sumter, SC. The organization was established in 1996. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, 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. Tuomey 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, Tuomey Foundation generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.3% each year . All expenses for the organization totaled $868.9k during the year ending 09/2021. While expenses have increased by 4.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT & ADVANCE THE ACTIVITIES, PURPOSES, & OBJECTIVES OF PRISMA HEALTH TUOMEY.
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 |
|---|---|---|---|
Jeffery H Faw Executive Director | Officer | 20 | $213,200 |
Roy Creech Chair | OfficerTrustee | 4 | $0 |
Dr Mark Crabbe Secretary | OfficerTrustee | 4 | $0 |
Ben Griffith Vice Chair | OfficerTrustee | 4 | $0 |
Roy Flynn Board Member | Trustee | 4 | $0 |
Gifford Shaw Board Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $198,607 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $633,119 |
| Noncash contributions included in lines 1a–1f | $50,403 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $831,726 |
| Total Program Service Revenue | $0 |
| Investment income | $2,439,316 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $39,290 |
| Net Gain/Loss on Asset Sales | $10,240 |
| Net Income from Fundraising Events | $47,286 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,367,858 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $732,257 |
| Grants and other assistance to domestic individuals. | $15,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| 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 | $115,663 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $485 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $5,466 |
| Total functional expenses | $868,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $25,917,590 |
| Pledges and grants receivable | $0 |
| 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 | $951,204 |
| Investments—publicly traded securities | $9,490,912 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $102,139 |
| Total assets | $36,461,845 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $162,418 |
| 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 | $162,418 |
| Net assets without donor restrictions | $30,794,638 |
| Net assets with donor restrictions | $5,504,789 |
| 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 | $36,461,845 |
Grants Awarded
Over the last fiscal year, Tuomey Foundation has awarded $488,679 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Sumter, SC PURPOSE: OPERATIONAL SUPPORT | $438,679 |
Columbia, SC PURPOSE: OPERATIONAL SUPPORT | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tuomey Foundation has recieved totaling $1,600.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $1,600 |
Endowment Analysis
| Beg. Balance | $29,387,085 |
| Earnings | $6,902,201 |
| Net Contributions | $831,726 |
| Other Expense | $121,614 |
| Grants | $747,257 |
| Ending Balance | $36,252,141 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgetown Hospital System Georgetown, SC | $75,419,606 | $78,168,035 |
Community Care Of North Carolina Inc Cary, NC | $40,141,694 | $99,043,731 |
Foundation Health Systems Corp Winston Salem, NC | $284,421,963 | $92,305,767 |
Childrens Healthcare Of Atlanta Inc Atlanta, GA | $8,642,131,252 | $273,611,530 |
Phoebe Putney Health Systems Inc Albany, GA | $658,120,525 | $73,745,193 |
Wakemed Raleigh, NC | $319,222,964 | $30,125,616 |
North Carolina Community Health Center Association Raleigh, NC | $3,052,612 | $26,747,196 |
Associated Health Services Inc Durham, NC | $37,513,623 | $28,247,702 |
Southeast Regional Primary Care Corporation Vidalia, GA | $284,890 | $12,032,928 |
Greene County Health Care Incorporated Snow Hill, NC | $16,532,428 | $23,396,721 |
Hamilton Health Care System Inc Dalton, GA | $145,238,251 | $25,063,501 |
Carolina Healthcare Associates Inc Wilmington, NC | $39,295,551 | $17,817,277 |