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Nonprofiteer
← LEXINGTON MEMORIAL HOSPITAL FOUNDATION INC

Form 990 for tax year 2022

Filed by LEXINGTON MEMORIAL HOSPITAL FOUNDATION INC.

Totals

Total revenue
$92,027
Total expenses
$17,781
Contributions and grants received
$33,826
Grants paid
$12,229
Program service revenue
$0
Investment income
$0
Other revenue
$58,201
Total assets, end of year
$2,009,809
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,009,809
Program services expenses (Part IX)
$17,474
Management and general expenses
$307
Fundraising expenses
$0
Program service expenses (Part III)
$17,474

Program services were 98.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $22,613

  • 1f · All other contributions, gifts and grants

    $11,213

  • 8a · Fundraising events: gross income

    $179,920

  • 8a · Fundraising events: contributions included on line 1c

    $22,613

  • 8b · Fundraising events: direct expenses

    $121,719

  • 8c · Net income from fundraising events

    total $58,201 · excluded $58,201

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $12,229 · program services $12,229

  • 11f · Fees: investment management

    total $2,852 · program services $2,852

  • 13 · Office expenses

    total $2,700 · program services $2,393 · management and general $307

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,555,672 · end of year $1,758,634

  • 4 · Accounts receivable

    beginning of year $84,125 · end of year $31,321

  • 15 · Other assets

    beginning of year $295,766 · end of year $219,854

  • 27 · Net assets without donor restrictions

    beginning of year $1,828,481 · end of year $1,955,726

  • 28 · Net assets with donor restrictions

    beginning of year $107,082 · end of year $54,083

Mission and programs · 2022

Mission

TO PROMOTE AND ADVANCE CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES BY SUPPORTING AND OPERATING FOR THE BENEFIT OF AND TO CARRY OUT THE PURPOSES OF LEXINGTON MEDICAL CENTER (DBA ATRIUM HEALTH WAKE FOREST BAPTIST LEXINGTON MEDICAL CENTER), A NOT FOR PROFIT CORPORATION EXEMPT FROM FEDERAL TAXATION UNDER IRC SECTION 501(C)(3).

Activities or mission (Part I)

TO PROMOTE AND ADVANCE CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES BY SUPPORTING AND OPERATING FOR THE BENEFIT OF AND TO CARRY OUT THE PURPOSES OF LEXINGTON MEDICAL CENTER (DBA ATRIUM HEALTH WAKE FOREST BAPTIST LEXINGTON MEDICAL CENTER).

  • PROMOTED AND ADVANCED CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES BY SUPPORTING AND OPERATING FOR THE BENEFIT OF AND TO CARRY OUT THE PURPOSES OF LEXINGTON MEDICAL CENTER (DBA ATRIUM HEALTH WAKE FOREST BAPTIST LEXINGTON MEDICAL CENTER).

    Expenses $17,474 · Grants $12,229

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Terry Carter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Paula Turlington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Robert Sink

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Daniel Timberlake

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Donald Holt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jeri W Bowyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jim Black MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Larry Link

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Meredith Andrews

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michelle O'Bryant

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Nancy Nuckols

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sara Delapp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Will Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Birke McNeil

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Katie Twomley MD

    DIRECTOR

    Total calculated
    $583,626
    From this org
    $0
    From related orgs
    $564,496
    Other
    $19,130
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $561,903 related
    Bonus
    $0 + $2,323 related
    Other
    $0 + $270 related
    Deferred
    $0 + $16,940 related
    Nontaxable benefits
    $0 + $2,190 related
    Filer's total
    $0 + $583,626 related

  • Stacy Vanzant

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jimmy Holshouser

    DIRECTOR (FR 1/1/22)

    Total calculated
    $0
    Hours/week
    2

  • David Huneycutt

    DIRECTOR (FR 1/1/22)

    Total calculated
    $0
    Hours/week
    2

  • Gene Klump

    DIRECTOR (FR 1/1/22)

    Total calculated
    $0
    Hours/week
    2

  • Kay Leonard

    DIRECTOR (FR 1/1/22)

    Total calculated
    $0
    Hours/week
    2

  • Bradley A Clark

    TREASURER

    Total calculated
    $1,470,567
    From this org
    $1,335,054
    From related orgs
    $0
    Other
    $135,513
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $790,574
    Bonus
    $506,925
    Other
    $37,555
    Deferred
    $100,623
    Nontaxable benefits
    $34,890
    Filer's total
    $1,470,567

  • William B James

    PRESIDENT

    Total calculated
    $561,642
    From this org
    $0
    From related orgs
    $471,531
    Other
    $90,111
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $317,610 related
    Bonus
    $0 + $108,841 related
    Other
    $0 + $45,080 related
    Deferred
    $0 + $59,774 related
    Nontaxable benefits
    $0 + $30,337 related
    Filer's total
    $0 + $561,642 related

  • Denise Hege

    SECRETARY

    Total calculated
    $84,741
    From this org
    $0
    From related orgs
    $72,222
    Other
    $12,519
    Hours/week
    2 + 38 related

  • Danny Squires

    FINANCE DIRECTOR

    Total calculated
    $296,313
    From this org
    $0
    From related orgs
    $257,565
    Other
    $38,748
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $221,339 related
    Bonus
    $0 + $33,121 related
    Other
    $0 + $3,105 related
    Deferred
    $0 + $18,129 related
    Nontaxable benefits
    $0 + $20,619 related
    Filer's total
    $0 + $296,313 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
CERTAIN DIRECTORS AND OFFICERS OF THE FILING ORGANIZATION PARTICIPATED IN AND/OR RECEIVED PAYMENTS FROM A NON-QUALIFIED DEFERRED COMPENSATION PLAN (RESTORATION OR SERP). THE DETERMINATION OF THE PAYMENT AMOUNT FROM THE NON-QUALIFIED DEFERRED COMPENSATION PLANS FOLLOWED THE EMPLOYMENT ORGANIZATION'S COMPENSATION PROCEDURES AS OUTLINED IN PART VI, SECTION B, LINE 15 OF THE FORM 990, IF APPLICABLE. THE FOLLOWING DIRECTORS AND OFFICERS RECEIVED PAYMENTS FROM NON-QUALIFIED DEFERRED COMPENSATION PLANS DURING THE CURRENT TAX YEAR: WILLIAM B. JAMES $40,280 BRADLEY A. CLARK $34,775
FORM 990, PART VII, LINE 5 - COMPENSATION FROM UNRELATED ORGANIZATION
BRADLEY A. CLARK WAS COMPENSATED BY CHARLOTTE MECKLENBURG HOSPITAL AUTHORITY ("CMHA", DOING BUSINESS AS ATRIUM HEALTH), AN AFFILIATED BUT UNRELATED ORGANIZATION, FOR SERVICES RENDERED TO THE ORGANIZATION. SEE PART VII AND SCHEDULE J FOR HIS COMPENSATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MS LAND HOLDING CO

    REAL ESTATE · NC

  • HIGH POINT SURGERY CENTER LLC

    HEALTHCARE · NC

  • HHI-WS LLC

    INVESTMENT · NC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • HIGH POINT HEALTH CARE VENTURES INC

    C · REAL ESTATE · NC

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202333189349305883

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