Caldwell Memorial Hospital Foundation Inc
- Assets
- $12.9m
- Revenue
- $1.5m
- Investments
- $1.1m
- Employees
- 0
- Location
- Lenoir, NC
- Founding
- 07/1991
- Data as of
- 06/2022
- EIN
- 58-1935514
Organization Overview
Caldwell Memorial Hospital Foundation Inc is located in Lenoir, NC. The organization was established in 1991. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, 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. Caldwell Memorial Hospital 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 06/2022, Caldwell Memorial Hospital Foundation Inc generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $546.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (11.8%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HEALTH AND HUMAN SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS WERE EXPENDED FOR THE BENEFIT OF CALDWELL MEMORIAL HOSPITAL AND ITS EMPLOYEES FOR THE CORNERSTONE RENOVATION PROJECT, THE JONAS HILL HOSPITAL AND COVID AND NON STRESS TESTING EQUIPMENT AND THE COVID RELIEF PAYMENTS TO THE HOSPITAL EMPLOYEES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Keller President | OfficerTrustee | 1 | $0 |
Sherry Ford Vice-President | OfficerTrustee | 1 | $0 |
Ann Smith Secretary | OfficerTrustee | 1 | $0 |
Bill Johnson Treasurer | OfficerTrustee | 1 | $0 |
Bob Floyd Jr Director | Trustee | 1 | $0 |
Sue Ellen Brookshire Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $210,737 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $289,872 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $500,609 |
| Total Program Service Revenue | $0 |
| Investment income | $268,218 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $866,552 |
| Net Income from Fundraising Events | -$92,499 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,544,934 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $256,530 |
| Grants and other assistance to domestic individuals. | $49,600 |
| 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 | $3,123 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $82,156 |
| Fees for services: Other | $0 |
| Advertising and promotion | $607 |
| Office expenses | $1,066 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,050 |
| 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 | $33,117 |
| Insurance | $3,767 |
| All other expenses | $60 |
| Total functional expenses | $546,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,473 |
| Savings and temporary cash investments | $328,824 |
| 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 | $1,066,323 |
| Investments—publicly traded securities | $10,182,682 |
| Investments—other securities | $1,101,361 |
| Investments—program-related | $0 |
| Intangible assets | $1,438 |
| Other assets | $0 |
| Total assets | $12,895,101 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $10,550,756 |
| Net assets with donor restrictions | $2,344,345 |
| 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 | $12,895,101 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Caldwell Memorial Hospital Foundation Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
The Wilson Family Foundation High Point, NC PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
Endowment Analysis
| Beg. Balance | $1,681,935 |
| Earnings | $1,759 |
| Net Contributions | $265,307 |
| Ending Balance | $1,949,001 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bon Secours - St Francis Medical Center Inc Center Inc Richmond, VA | $0 | $100,867,544 |
Cumberland Medical Center Inc Knoxville, TN | $90,595,447 | $102,035,662 |
Wellstar Atlanta Medical Center Inc Marietta, GA | $0 | $67,312,967 |
Halifax Regional Hospital Inc Norfolk, VA | $49,612,708 | $85,918,796 |
Shore Health Services Inc Newport News, VA | $73,414,092 | $98,574,947 |
Roper St Francis Mount Pleasant Hospital Ladson, SC | $153,353,637 | $99,781,378 |
Southside Community Hospital Inc Farmville, VA | $139,378,592 | $111,131,365 |
Randolph Hospital Inc Asheboro, NC | $0 | $81,442,252 |
Medical Park Hospital Llc Winston Salem, NC | $421,344,895 | $99,381,324 |
Nmc Services Inc Springfield, TN | $98,763,260 | $80,174,862 |
Murphy Medical Center Inc Murphy, NC | $53,187,250 | $64,166,797 |
Mcleod Health Clarendon Florence, SC | $34,703,009 | $59,352,245 |