Medical Center Foundation Inc
- Assets
- $39.4m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Gainesville, GA
- Founding
- 11/1987
- Data as of
- 09/2021
- EIN
- 58-1694820
Organization Overview
Medical Center Foundation Inc is located in Gainesville, GA. The organization was established in 1987. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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, Medical Center Foundation Inc generated $6.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $7.1m during the year ending 09/2021. While expenses have increased by 5.8% 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, Medical Center Foundation Inc has awarded 32 individual grants totaling $8,989,245. 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
IMPROVING THE HEALTH OF THE COMMUNITY IN ALL WE DO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS A PART OF NORTHEAST GEORGIA HEALTH SYSTEM, THE NGHS FOUNDATION SERVES MORE THAN A MILLION PEOPLE ACROSS 19 COUNTIES IN OUR REGION. SEE SCHEDULE O FOR PROGRAM SERVICE ACCOMPLISHMENTS CONTINUATION. **SEE SCHEDULE O FOR PROGRAM SERVICE ACCOMPLISHMENTS CONTINUATION**
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Burrell President & CEO | Officer | 1 | $0 |
Stephen Kelly Chief Compliance Officer | Officer | 1 | $0 |
Brian D Steines Chief Financial Officer | Officer | 1 | $0 |
Tracy Vardeman Chief Strategy Executive - Nghs | Officer | 1 | $0 |
Michael Covert Chief Operating Officer | Officer | 1 | $0 |
Caryn Mcgarity Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $200,750 |
| Related organizations | $1,958,291 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,088,717 |
| Noncash contributions included in lines 1a–1f | $410,518 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,247,758 |
| Total Program Service Revenue | $0 |
| Investment income | $557,995 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,805,753 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,249,724 |
| 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 | $1,096,237 |
| Pension plan accruals and contributions | $164,354 |
| Other employee benefits | $0 |
| Payroll taxes | $72,288 |
| 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 | $166,704 |
| Fees for services: Other | $135,636 |
| Advertising and promotion | $9,740 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,607 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,408 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,609 |
| Insurance | $0 |
| All other expenses | $51,374 |
| Total functional expenses | $7,078,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,998,208 |
| Pledges and grants receivable | $1,901,738 |
| 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 | $3,472,143 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $20,891,660 |
| Intangible assets | $0 |
| Other assets | $10,176,135 |
| Total assets | $39,439,884 |
| Accounts payable and accrued expenses | $105,242 |
| 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 | $170,418 |
| Total liabilities | $275,660 |
| Net assets without donor restrictions | $13,941,217 |
| Net assets with donor restrictions | $25,223,007 |
| 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 | $39,439,884 |
Grants Awarded
Over the last fiscal year, Medical Center Foundation Inc has awarded $133,983 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Gainesville, GA PURPOSE: 2020 PLEDGE | $100,000 |
Kennesaw, GA PURPOSE: RELAY FOR LIFE | $13,000 |
NORTH GEORGIA NURSING ACADEMY PURPOSE: TUITION FROM JOHN A. FERGUSON | $8,250 |
Arlington, VA PURPOSE: MARCH FOR BABIES | $6,500 |
Gainesville, GA PURPOSE: TUITION FROM JOHN A. FERGUSON | $6,233 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Medical Center Foundation Inc has recieved totaling $682,891.
| Awarding Organization | Amount |
|---|---|
North Georgia Community Foundation Gainesville, GA PURPOSE: HEALTH | $534,935 |
Lowell S And Betty L Dunn Family Foundation Hialeah Gardens, FL PURPOSE: GENERAL PURPOSE | $100,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $21,500 |
Miller Charitable Foundation Inc Brewton, AL PURPOSE: UNRESTRICTED CONTRIBUTION | $10,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $5,050 |
Endowment Analysis
| Beg. Balance | $23,676,482 |
| Earnings | $507,097 |
| Admin Expense | $117,612 |
| Net Contributions | $4,433,267 |
| Other Expense | $3,276,227 |
| Ending Balance | $25,223,007 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Avow Foundation Inc Naples, FL | $44,104,234 | $9,594,342 |
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 |
Buoniconti Fund To Cure Paralysis Inc Miami, FL | $4,267,074 | $4,138,317 |
Community Hospice Of Northeast Florida Foundation For Caring Inc Jacksonville, FL | $23,319,207 | $6,212,516 |
Shelby County Community Health Foundation Columbiana, AL | $85,859,544 | $2,816,879 |