Ashe Memorial Hospital Foundation
- Assets
- $1.2m
- Revenue
- $589.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Jefferson, NC
- Founding
- 01/1994
- Data as of
- 12/2021
- EIN
- 58-2078244
Organization Overview
Ashe Memorial Hospital Foundation is located in Jefferson, NC. The organization was established in 1994. 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. Ashe Memorial Hospital Foundation 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, Ashe Memorial Hospital Foundation generated $589.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $57.5k during the year ending 12/2021. 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
PROMOTION OF ASHE MEMORIAL HOSPITAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTS ASHE MEMORIAL HOSPITAL AND ITS ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin Little President | OfficerTrustee | 1 | $0 |
John Johnston Vice President | OfficerTrustee | 1 | $0 |
Karen Powell Treasurer | OfficerTrustee | 1 | $0 |
John Shepherd Secretary | OfficerTrustee | 1 | $0 |
Kevin Kurtz MD Board Member | Trustee | 1 | $0 |
Phil Mcmillan Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $31,781 |
| Related organizations | $372,335 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $168,004 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $572,120 |
| Total Program Service Revenue | $0 |
| Investment income | $17,369 |
| 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 | $589,489 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,586 |
| 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 | $55,895 |
| Total functional expenses | $57,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $713,498 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,531 |
| 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 | $0 |
| Investments—publicly traded securities | $523,107 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,240,136 |
| 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 | $133,990 |
| Total liabilities | $133,990 |
| Net assets without donor restrictions | $1,106,146 |
| Net assets with donor restrictions | $0 |
| 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 | $1,240,136 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ashe Memorial Hospital Foundation has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Kennedy-Herterich Foundation Blowing Rock, NC PURPOSE: GENERAL OPERATING | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Medical Society Of S C Charleston, SC | $641,115,218 | $16,899,363 |
Forsyth Medical Center Foundation Winston Salem, NC | $87,707,112 | $11,824,054 |
Steamfitters Local Union No 614 Health And Welfare Fund Goodlettsville, TN | $7,419,659 | $7,338,245 |
Foundation Of Firsthealth Inc Pinehurst, NC | $97,006,378 | $9,255,156 |
Conway Hospital Emergency Professional Services Conway, SC | $693,381 | $5,206,730 |
Plumbers And Steamfitters Union 10 Health And Welfare Fund Goodlettsville, TN | $14,693,700 | $8,210,089 |
Moses Cone-Wesley Long Community Health Foundation Inc Greensboro, NC | $128,321,235 | $23,346,538 |
Southeastern Pipetrades Health And Welfare Fund Goodlettsville, TN | $15,821,279 | $9,061,781 |
Virginia Transformer Corp Health Care Benefits Trust Roanoke, VA | $0 | $6,080,832 |
I U O E Local 147 Health Fund Norfolk, VA | $6,144,312 | $6,318,414 |
Operating Engineers Local 474 Health And Welfare Fund Goodlettsville, TN | $12,939,811 | $5,396,509 |
Richmond Memorial Health Foundation Richmond, VA | $476,845,388 | $4,294,615 |