Singing River Health System Foundation
- Assets
- $1.9m
- Revenue
- $393.5k
- Investments
- $1.3m
- Employees
- 0
- Location
- Ocean Springs, MS
- Founding
- 08/1997
- Data as of
- 09/2022
- EIN
- 64-0864350
Organization Overview
Singing River Health System Foundation is located in Ocean Springs, MS. The organization was established in 1997. 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. Singing River Health System 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 09/2022, Singing River Health System Foundation generated $393.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $312.6k during the year ending 09/2022. While expenses have increased by 5.7% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES COMPASSIONATE SERVICE AND SUPPORT TO ASSIST WITH HEALTH-RELATEDAND OTHER NEEDS OF PATIENTS, EMPLOYEES, AND CITIZENS OF OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES COMPASSIONATE SERVICE AND SUPPORT TO ASSIST WITH HEALTH-RELATED AND OTHER NEEDS OF PATIENTS, EMPLOYEES, AND CITIZENS OF OUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Sessum Exec. Dir | Officer | 40 | $90,000 |
Jason Mcneil Treasurer | OfficerTrustee | 1 | $0 |
Jaklyn Wrigley Secretary | OfficerTrustee | 1 | $0 |
Lujean Trumble President | OfficerTrustee | 1 | $0 |
Crystal Murray Vice President | OfficerTrustee | 1 | $0 |
Dusty Watts Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $352,167 |
| Noncash contributions included in lines 1a–1f | $9,134 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $352,167 |
| Total Program Service Revenue | $0 |
| Investment income | $92,939 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $149,248 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $393,511 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $153,655 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $90,000 |
| Compensation of current officers, directors, key employees. | $18,000 |
| 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 | $6,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,292 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,775 |
| Office expenses | $9,326 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,134 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,317 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,159 |
| Insurance | $2,698 |
| All other expenses | $0 |
| Total functional expenses | $312,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $490,456 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,767 |
| 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 | $3,987 |
| Net Land, buildings, and equipment | $100,740 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,267,050 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,875,000 |
| Accounts payable and accrued expenses | $421 |
| 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 | $421 |
| Net assets without donor restrictions | $1,276,962 |
| Net assets with donor restrictions | $597,617 |
| 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 | $1,875,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Singing River Health System Foundation has recieved totaling $20,049.
| Awarding Organization | Amount |
|---|---|
Ochsner Clinic Foundation New Orleans, LA PURPOSE: GENERAL ASSISTANCE | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $49 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baptist Health Services Little Rock, AR | $51,469,112 | $76,869,884 |
Sheet Metal Workers National Health Fund Goodlettsville, TN | $59,855,607 | $61,652,205 |
Mountaire Employees Medical Benefit Trust Little Rock, AR | $4,300,671 | $51,578,567 |
Capstone Health Services Foundation P C Tuscaloosa, AL | $29,375,344 | $27,823,379 |
Georges Inc Medical Tr Springdale, AR | $1,768,217 | $27,212,707 |
Mid-South Carp Regional Council Health & Welfare Fund Goodlettsville, TN | $42,702,855 | $23,372,218 |
Foundation Health Services Inc Baton Rouge, LA | $13,978,378 | $22,883,719 |
White County Physician Group Searcy, AR | $5,249,006 | $21,201,707 |
Trustmark Corporation And Subsidiaries Medical Benefits Plan Jackson, MS | $3,860,668 | $18,984,113 |
Montgomery Baptist Outreach Services Corporation Montgomery, AL | $20,272,262 | $12,064,663 |
Mississippi State University Educational Building Corporation Missisippi State, MS | $345,604,158 | $16,366,122 |
Baptist Memorial Health Care Foundation Memphis, TN | $704,887,527 | $54,101,503 |