Colquitt Regional Medical Foundation Inc
- Assets
- $10.9m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Moultrie, GA
- Founding
- 10/1990
- Data as of
- 09/2021
- EIN
- 58-1793634
Organization Overview
Colquitt Regional Medical Foundation Inc is located in Moultrie, GA. The organization was established in 1990. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Colquitt Regional Medical 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, Colquitt Regional Medical Foundation Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 34.7% each year . All expenses for the organization totaled $900.5k during the year ending 09/2021. While expenses have increased by 20.0% 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 2017, Colquitt Regional Medical Foundation Inc has awarded 16 individual grants totaling $2,241,363. 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
FUNDRAISING AND SUPPORT FOR COLQUITT REGIONAL MEDICAL CENTER, A 501(C)(3) ACUTE CARE HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS VOLUNTEER-LED AND STAFF-SUPPORTED. IT WORKS TO MAKE A DIFFERENCE IN THE LEVEL OF CARE AND COMFORT AFFORDED TO PATIENTS AT COLQUITT REGIONAL MEDICAL CENTER (CRMC), THE SUPPORTED ORGANIZATION, THROUGH DEDICATED FUNDRAISING EFFORTS. ADDITIONALLY, THE FOUNDATION AIDS PATIENTS THROUGH THE DONATIONS FOR CAPITAL EQUIPMENT TO CRMC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ross Dekle Secretary/tr | OfficerTrustee | 1 | $0 |
Beth Bates Chairman | OfficerTrustee | 1 | $0 |
Judd Lasseter Vice Chair | OfficerTrustee | 1 | $0 |
Shamb Purohit CFO | Officer | 1 | $0 |
Nicole Gilbert Exec Directo | Officer | 40 | $0 |
Dawn Johns Fdn VP | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $53,585 |
| Related organizations | $183,931 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $274,927 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $512,443 |
| Total Program Service Revenue | $0 |
| Investment income | $139,932 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,794 |
| Net Gain/Loss on Asset Sales | $1,701,251 |
| Net Income from Fundraising Events | $41,167 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,400,587 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $761,601 |
| Grants and other assistance to domestic individuals. | $83,640 |
| 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 | $53,994 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,272 |
| 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 | $0 |
| Total functional expenses | $900,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,552 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $15,658 |
| 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 | $1,048,266 |
| Investments—publicly traded securities | $9,840,989 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50 |
| Total assets | $10,924,515 |
| Accounts payable and accrued expenses | $112 |
| Grants payable | $0 |
| Deferred revenue | $24,341 |
| 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 | $10,561 |
| Total liabilities | $35,014 |
| Net assets without donor restrictions | $9,678,756 |
| Net assets with donor restrictions | $1,210,745 |
| 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 | $10,924,515 |
Grants Awarded
Over the last fiscal year, Colquitt Regional Medical Foundation Inc has awarded $761,601 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Moultrie, GA PURPOSE: CAPITAL & OPERATIONS | $702,474 |
Thomasville, GA PURPOSE: FACULTY & SCHOLARSHP | $50,000 |
COLQUITT CO ASSO OF VOLUNTEER FIREM PURPOSE: OPERATIONS | $9,127 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Colquitt Regional Medical Foundation Inc has recieved totaling $11,875.
| Awarding Organization | Amount |
|---|---|
Waldo Deloache Testamentary Charitable Trust Moultrie, GA PURPOSE: FOUNDATION GRANT | $11,875 |
Endowment Analysis
| Beg. Balance | $1,547,119 |
| Earnings | $27,938 |
| Net Contributions | $341,568 |
| Other Expense | $678,380 |
| Grants | $27,500 |
| Ending Balance | $1,210,745 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Intrahealth International Inc Chapel Hill, NC | $25,698,138 | $95,131,742 |
Moses Cone Medical Services Inc Greensboro, NC | $66,450,127 | $85,429,043 |
Sheet Metal Workers National Health Fund Goodlettsville, TN | $59,855,607 | $61,652,205 |
Carolina Medicorp Enterprises Llc Winston Salem, NC | $11,898,708 | $46,315,888 |
Capstone Health Services Foundation P C Tuscaloosa, AL | $29,375,344 | $27,823,379 |
North Carolina Agricultural Foundation Inc Raleigh, NC | $248,209,354 | $30,308,869 |
Mid-South Carp Regional Council Health & Welfare Fund Goodlettsville, TN | $42,702,855 | $23,372,218 |
St Anthonys Professional Buildings & Services Inc Tampa, FL | $66,592,493 | $24,044,105 |
Houston Healthcare System Inc Warner Robins, GA | $2,831,389 | $10,479,781 |
Montgomery Baptist Outreach Services Corporation Montgomery, AL | $20,272,262 | $12,064,663 |
West Florida Health Home Care Inc Temple Terrace, FL | $9,306,071 | $17,546,584 |
Baptist Memorial Health Care Foundation Memphis, TN | $704,887,527 | $54,101,503 |