University Health Care Foundation Inc
- Assets
- $42.3m
- Revenue
- $4.1m
- Investments
- $42.2k
- Employees
- 0
- Location
- Augusta, GA
- Founding
- 01/1979
- Data as of
- 12/2021
- EIN
- 58-1343550
Organization Overview
University Health Care Foundation Inc is located in Augusta, GA. The organization was established in 1979. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Health Care Foundation Inc 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, University Health Care Foundation Inc generated $4.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $3.4m during the year ending 12/2021. While expenses have increased by 0.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT OF UNIVERSITY HOSPITAL RELATING TO HOSPITAL SERVICES AS WELL AS PROVIDING ASSISTANCE TO THE INDIGENT POPULATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF UNIVERSITY HOSPITAL RELATING TO HOSPITAL SERVICES AS WELL AS PROVIDING ASSISTANCE TO THE INDIGENT POPULATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne D Trotter Chairman | OfficerTrustee | 1 | $0 |
David A Belkoski System CFO | Officer | 5 | $0 |
James R Davis CEO | Officer | 5 | $0 |
Laurie Smith President Uhcf | Officer | 25 | $0 |
Joshua B Rafoth MD Board Member | Trustee | 1 | $0 |
Becky Smith Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $596,033 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,587,904 |
| Noncash contributions included in lines 1a–1f | $86,816 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,183,937 |
| Total Program Service Revenue | $0 |
| Investment income | $1,682,438 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $233,813 |
| Net Income from Fundraising Events | $9,373 |
| Net Income from Gaming Activities | $14,060 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,123,621 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $68,000 |
| 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 | $591,449 |
| 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 | $28,541 |
| Fees for services: Other | $0 |
| Advertising and promotion | $34,264 |
| Office expenses | $41,948 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,895 |
| Travel | $2,198 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,094 |
| Interest | $0 |
| Payments to affiliates | $2,433,234 |
| Depreciation, depletion, and amortization | $10,769 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,351,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,565,633 |
| Pledges and grants receivable | $1,636,123 |
| 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 | $5,428 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $38,992,764 |
| Investments—other securities | $42,206 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,646 |
| Total assets | $42,259,800 |
| Accounts payable and accrued expenses | $23,338 |
| Grants payable | $0 |
| Deferred revenue | $433 |
| 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 | $122,396 |
| Total liabilities | $146,167 |
| Net assets without donor restrictions | $1,764,243 |
| Net assets with donor restrictions | $40,349,390 |
| 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 | $42,259,800 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that University Health Care Foundation Inc has recieved totaling $200,396.
| Awarding Organization | Amount |
|---|---|
Helen W Bell Charitable Foundation U A D July 22 1982 Naples, FL PURPOSE: GENERAL PURPOSE | $100,000 |
The Knox Foundation Thomson, GA PURPOSE: MEDICAL | $50,000 |
Marks Family Foundation Seattle, WA PURPOSE: FURTHER THE ORGANIZATION'S CHARITABLE GOALS | $20,000 |
Its The Journey Inc Peachtree Corners, GA PURPOSE: PROGRAMS | $16,594 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $7,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,502 |
Endowment Analysis
| Beg. Balance | $31,823,173 |
| Earnings | $3,013,557 |
| Net Contributions | $303,819 |
| Other Expense | $643,228 |
| Grants | $68,000 |
| Ending Balance | $34,429,321 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Miami Dade College Foundation Inc Miami, FL | $203,072,980 | $26,102,618 |
The Lord Foundation Of North Carolina Durham, NC | $23,094,681 | $641,441 |
Oxbridge Academy Foundation Inc West Palm Beach, FL | $65,288,192 | $19,905,008 |
University Of West Florida Foundation Inc Pensacola, FL | $164,565,433 | $23,515,652 |
University Of North Carolina At Greensboro Investment Fund Inc Greensboro, NC | $369,290,686 | $22,759,163 |
Building Equity Sooner For Tomarrow Greenville, SC | $493,697,004 | $17,744,355 |
Appalachian State University Foundation Inc Boone, NC | $159,413,962 | $18,404,104 |
Gator Boosters Inc Gainesville, FL | $35,445,358 | $17,089,938 |
University Of North Carolina Chapel Hill Arts And Sciences Foundation Chapel Hill, NC | $518,992,807 | $33,231,064 |
The University Of North Florida Foundation Inc Jacksonville, FL | $189,463,504 | $37,925,600 |
Usf Health Professions Conferencing Corporation Tampa, FL | $17,834,474 | $17,025,476 |
Florida Agricultural & Mechanical Univ Foundation Inc Tallahassee, FL | $165,576,820 | $45,594,915 |