Alamance Regional Medical Center Foundation Inc is located in Greensboro, NC. The organization was established in 1985. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 09/2021, Alamance Regional Medical Center Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alamance Regional Medical Center 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 09/2021, Alamance Regional Medical Center Foundation Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.1% each year . All expenses for the organization totaled $937.9k during the year ending 09/2021. While expenses have increased by 12.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT OPERATIONS OF ALAMANCE REGIONAL MEDICAL CENTER, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FURTHER ALAMANCE REGIONAL MEDICAL CENTER'S MISSION TO IMPROVE THE HEALTH OF THE CITIZENS OF ALAMANCE COUNTY AND ITS SURROUNDING COMMUNITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Boon Katherine Trustee | Trustee | 40 | $123,215 |
Wooten Ben Chair | OfficerTrustee | 0 | $0 |
Clark William Treasurer | OfficerTrustee | 0 | $0 |
Hampton Blair Vice-Chair | OfficerTrustee | 0 | $0 |
Davis Tara Secretary | OfficerTrustee | 0 | $0 |
Arida Muhammad Trustee | Trustee | 0 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Physicians Eldercare Pa | 9/29/20 | $500,446 |
Tabula Rasa Healthcare Inc | 9/29/20 | $149,379 |
Mediture Llc | 9/29/20 | $141,651 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $238,954 |
Related organizations | $589,653 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $961,557 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,790,164 |
Total Program Service Revenue | $0 |
Investment income | $60,985 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $443,011 |
Net Income from Fundraising Events | -$31,768 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,262,392 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $443,360 |
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 | $286,428 |
Pension plan accruals and contributions | $11,944 |
Other employee benefits | $47,284 |
Payroll taxes | $20,020 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $7,385 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $22,769 |
Fees for services: Other | $14,329 |
Advertising and promotion | $47,361 |
Office expenses | $16,749 |
Information technology | $9,615 |
Royalties | $0 |
Occupancy | $0 |
Travel | $547 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $268 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $937,904 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,187,485 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $540,000 |
Accounts receivable, net | $1,577 |
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 | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $5,870,399 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $34,180 |
Total assets | $7,633,641 |
Accounts payable and accrued expenses | $76,930 |
Grants payable | $0 |
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 | $264,417 |
Total liabilities | $341,347 |
Net assets without donor restrictions | $3,188,747 |
Net assets with donor restrictions | $4,103,547 |
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 | $7,633,641 |
Over the last fiscal year, we have identified 1 grants that Alamance Regional Medical Center Foundation Inc has recieved totaling $14,700.
Awarding Organization | Amount |
---|---|
Advisors Charitable Gift Fund Inc Woburn, MA PURPOSE: General Support | $14,700 |
Beg. Balance | $182,167 |
Net Contributions | $30,000 |
Ending Balance | $212,167 |
Organization Name | Assets | Revenue |
---|---|---|
Easter Seals Ucp North Carolina & Virginia Inc Raleigh, NC | $19,056,860 | $91,808,337 |
Childrens Health Foundation Inc Norfolk, VA | $218,293,245 | $41,519,979 |
Atrium Health Foundation Charlotte, NC | $404,080,450 | $59,803,918 |
Hopeway Foundation Charlotte, NC | $32,563,344 | $14,897,275 |
Randolph Cancer Center Llc Asheboro, NC | $0 | $11,508,289 |
The Healing Trust Nashville, TN | $0 | $7,303,090 |
Medical Center Foundation Inc Gainesville, GA | $39,439,884 | $6,805,753 |
Methodist Healthcare Foundation Memphis, TN | $23,965,456 | $9,348,334 |
Archbold Foundation Inc Thomasville, GA | $120,664,372 | $4,326,190 |
A G Rhodes Health & Rehab Management Inc Atlanta, GA | $5,425,018 | $4,030,975 |
Dalton-Whitfield Additional Tr Dalton, GA | $59,216,928 | $4,019,283 |
Scha Foundation Inc Columbia, SC | $8,740,174 | $2,392,397 |