Peterson Regional Medical Center Foundation
- Assets
- $14.9m
- Revenue
- $11.6m
- Investments
- $0.0
- Employees
- 4
- Location
- Kerrville, TX
- Founding
- 09/1993
- Data as of
- 06/2022
- EIN
- 74-2645149
Organization Overview
Peterson Regional Medical Center Foundation is located in Kerrville, TX. The organization was established in 1993. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2022, Peterson Regional Medical Center Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peterson Regional Medical Center 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 06/2022, Peterson Regional Medical Center Foundation generated $11.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $4.7m during the year ending 06/2022. While expenses have increased by 17.1% 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
THE FOUNDATION WILL ENCOURAGE, CULTIVATE AND GENERATE OPPORTUNITIES FOR PHILANTHROPIC ACTIVITIES THAT WILL ENABLE CONTINUED STRENGTH, VIABILITY, AND ADVANCEMENT OF PRMC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRMC FOUNDATION PROVIDES GRANTS TO THE MEMBER, SID PETERSON MEMORIAL HOSPITAL IN SUPPORT OF PROGRAMS, FACILITIES, AND EQUIPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Martin Fomrer Director Of Development | 40 | $136,293 | |
Cecil R Atkisson President | OfficerTrustee | 2.5 | $0 |
Diane Green Trustee | OfficerTrustee | 2.5 | $0 |
Curtis Finley Vice President | OfficerTrustee | 2.5 | $0 |
Glenn Andrew Trustee | Trustee | 2.5 | $0 |
Tammy Prout Trustee | Trustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,157,630 |
| Related organizations | $519,536 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,233,652 |
| Noncash contributions included in lines 1a–1f | $447,130 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,910,818 |
| Total Program Service Revenue | $0 |
| Investment income | $127,817 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $580,287 |
| Net Income from Fundraising Events | -$43,849 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,575,073 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,359,667 |
| 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 | $231,891 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,811 |
| Payroll taxes | $18,428 |
| 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 | $27,093 |
| Fees for services: Other | $0 |
| Advertising and promotion | $846 |
| Office expenses | $1,667 |
| Information technology | $6,878 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $34 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $331 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,702,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $343,602 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,873,427 |
| 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 | $40,922 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $6,689,852 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,947,803 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $49,925 |
| 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 | $49,925 |
| Net assets without donor restrictions | $2,383,809 |
| Net assets with donor restrictions | $12,514,069 |
| 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 | $14,947,803 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Peterson Regional Medical Center Foundation has recieved totaling $1,364,100.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $751,000 |
The Community Foundation Of The Texas Hill Country Inc Kerrville, TX PURPOSE: GENERAL SUPPORT | $604,900 |
The Community Foundation Of The Texas Hill Country Inc Kerrville, TX PURPOSE: GENERAL SUPPORT | $8,200 |
Endowment Analysis
| Beg. Balance | $649,819 |
| Earnings | -$36,206 |
| Admin Expense | $3,282 |
| Ending Balance | $610,331 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicot Memorial Medical Center Lake Village, AR | $20,694,512 | $22,104,345 |
Delta Memorial Hospital Dumas, AR | $19,360,595 | $24,048,672 |
Dardanelle Regional Llc Dardanelle, AR | $9,058,761 | $17,081,430 |
St Bernard Community Hospital Corporation Wynne, AR | $12,847,448 | $21,788,321 |
Clayton Health Systems Inc Clayton, NM | $19,342,828 | $19,073,087 |
Falls Community Hospital And Clinic Marlin, TX | $16,201,440 | $24,067,895 |
Purcell Municipal Hospital Purcell, OK | $9,506,068 | $15,513,649 |
Parmer County Community Hospital Inc Friona, TX | $16,718,292 | $16,282,251 |
Swisher Memorial Healthcare System Tulia, TX | $11,057,131 | $12,961,956 |
Mercy Hospital Paris Paris, AR | $2,615,719 | $12,734,195 |
Little River Medical Center Inc Ashdown, AR | $9,137,852 | $13,390,084 |
Mercy Hospital Waldron Waldron, AR | $2,474,108 | $10,620,353 |