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Nonprofiteer
← THE SPARTANBURG REGIONAL HEALTHCARE SYSTEM FOUNDATION

Form 990 for tax year 2023

Filed by THE SPARTANBURG REGIONAL HEALTHCARE SYSTEM FOUNDATION.

Totals

Total revenue
$10,510,190
Total expenses
$7,986,363
Contributions and grants received
$7,106,786
Grants paid
$5,002,468
Program service revenue
$0
Investment income
$3,359,437
Other revenue
$43,967
Total assets, end of year
$62,310,378
Total liabilities, end of year
$816,403
Net assets or fund balances, end of year
$61,493,975
Program services expenses (Part IX)
$5,252,936
Management and general expenses
$1,655,068
Fundraising expenses
$1,078,359
Program service expenses (Part III)
$5,252,936

Program services were 65.8% 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.

  • 1a · Federated campaigns

    $37,916

  • 1c · Fundraising events

    $66,950

  • 1d · Related organizations

    $2,749,566

  • 1e · Government grants (contributions)

    $323,376

  • 1f · All other contributions, gifts and grants

    $3,928,978

  • 1g · Noncash contributions included above

    $2,665

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $2,197,190 · excluded $2,197,190

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $19,242,429

  • 7b · Less cost or other basis and sales expenses

    securities $18,080,182

  • 7c · Gain or loss

    securities $1,162,247 · other assets $0

  • 7d · Net gain or loss

    total $1,162,247 · excluded $1,162,247

  • 8a · Fundraising events: gross income

    $169,892

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

    $66,950

  • 8b · Fundraising events: direct expenses

    $125,925

  • 8c · Net income from fundraising events

    total $43,967 · excluded $43,967

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,002,468 · program services $5,002,468

  • 7 · Other salaries and wages

    total $1,495,403 · program services $139,072 · management and general $797,050 · fundraising $559,281

  • 9 · Other employee benefits

    total $456,741 · program services $42,477 · management and general $243,443 · fundraising $170,821

  • 11c · Fees: accounting

    total $71,116 · program services $6,614 · management and general $37,905 · fundraising $26,597

  • 11f · Fees: investment management

    total $227,102 · management and general $227,102

  • 11g · Fees: other

    total $148,634 · program services $14,558 · management and general $75,529 · fundraising $58,547

  • 12 · Advertising and promotion

    total $69,035 · program services $2,558 · management and general $14,658 · fundraising $51,819

  • 13 · Office expenses

    total $24,406 · program services $2,271 · management and general $13,008 · fundraising $9,127

  • 16 · Occupancy

    total $295,218 · program services $27,455 · management and general $157,351 · fundraising $110,412

  • 17 · Travel

    total $10,050 · program services $935 · management and general $5,356 · fundraising $3,759

  • 22 · Depreciation, depletion and amortization

    total $122,744 · program services $11,415 · management and general $65,423 · fundraising $45,906

  • 24a · Other expenses: Fundraising

    total $29,974 · management and general $403 · fundraising $29,571

  • 24b · Other expenses: Dues and Subscriptions

    total $19,168 · program services $1,783 · management and general $10,216 · fundraising $7,169

  • 24c · Other expenses: Supplies

    total $14,304 · program services $1,330 · management and general $7,624 · fundraising $5,350

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $306,845 · end of year $328,043

  • 3 · Pledges and grants receivable

    beginning of year $886,359 · end of year $617,397

  • 4 · Accounts receivable

    beginning of year $320,815 · end of year $151,418

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $42,914 · end of year $84,891

  • 10a · Land, buildings and equipment: cost or other basis

    $332,500

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $332,500 · end of year $332,500

  • 11 · Investments: publicly traded securities

    beginning of year $48,556,372 · end of year $58,965,933

  • 12 · Investments: other securities

    beginning of year $2,158,641 · end of year $1,830,196

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $425,499 · end of year $303,278

  • 18 · Grants payable

    end of year $7,500

  • 19 · Deferred revenue

    beginning of year $250,292 · end of year $493,727

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $601,945 · end of year $11,898

  • 27 · Net assets without donor restrictions

    beginning of year $17,552,229 · end of year $20,613,593

  • 28 · Net assets with donor restrictions

    beginning of year $33,774,481 · end of year $40,880,382

Mission and programs · 2023

Mission

To generate philanthropic support to advance health.

Activities or mission (Part I)

The Foundation's purpose is to provide financial support for Spartanburg Regional Healthcare System (SRHS). The Foundation promotes health by funding specific projects that benefit the wellbeing of the community in accordance with donor-imposed restrictions. The Foundation also awards grants to SRHS and other community organizations whose focus is health and wellness.

  • Through grants and contributions from donors, Spartanburg Regional Foundation supports the health and wellbeing of the community. In FY24, the Foundation provided funding for more than 70 projects that promote health in accordance with donor designations. A small sample of the accomplishments achieved with these funds include: 1. Supporting the expansion of the Bearden Josey Center for Breast Health 2. Provided financial assistance patients through various funds for help with prescriptions, medical equipment, education, and other needs while undergoing treatment 3. Convened community partners to begin a comprehensive, community-wide behavioral health plan.

    Expenses $4,643,069 · Grants $4,392,601

  • Spartanburg Regional Foundation makes an impact on community health in the upstate of South Carolina by awarding grants to local nonprofit organizations. In FY24, The Foundation funded 10 community grants. The programs funded provided operational support to organizations that provide access to care in Spartanburg, Cherokee, and Union Counties.

    Expenses $325,859 · Grants $325,859

  • Spartanburg Regional Foundation awards grants to areas of Spartanburg Regional Healthcare System from its unrestricted funds through an annual grant cycle. Just a few of the areas funded include: 1. Supporting the purchase of wireless equipment to improve outcomes for patients in treatment for breast cancer. 2. Funding training in the evidence-based model to improve infant and child health outcomes. 3. Supporting implementation of virtual reality systems to improve rehabilitation of motor function, cognition and movement in pediatric, neurological and acute care rehab.

    Expenses $284,008 · Grants $284,008

As filed on the 2023 return.

Listed in Part VII

  • Anne P Flynn

    Immediate Past Chair

    Total calculated
    $0
    Hours/week
    1
  • Garrow Crowley

    Secretary

    Total calculated
    $0
    Hours/week
    1
  • Jon A Jensen

    Chair

    Total calculated
    $0
    Hours/week
    1
  • Mitch Kennedy

    Treasurer - Resigned 12-31-2023

    Total calculated
    $0
    Hours/week
    1
  • Vic Bailey III

    Vice Chair

    Total calculated
    $0
    Hours/week
    1
  • Andrew Falatok

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Darwin Simpson

    Board Member - Resigned 05-20-24

    Total calculated
    $0
    Hours/week
    1
  • Eliot Stone

    Heart Chair

    Total calculated
    $0
    Hours/week
    1
  • Elizabeth Fleming

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Elizabeth Young

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Frankie Harris

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Heather Allen MD

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • James S Fulmer Jr

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • John Chapman

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Marjorie Boafo Appiah

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Marsha Gibbs

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Mary Jane Jennings

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Peter Moore

    Hospice Chair

    Total calculated
    $0
    Hours/week
    1
  • Prema Samhat

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Rita Allison

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Robert Flandry MD

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Russell Booker

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Sally Spencer

    Cancer Chair

    Total calculated
    $0
    Hours/week
    1
  • David Church

    President

    Total calculated
    $278,527
    From this org
    $236,294
    From related orgs
    $0
    Other
    $42,233
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,344
    Bonus
    $46,950
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $42,233
    Filer's total
    $278,527
  • Amanda Herin

    Senior Director of Operations

    Total calculated
    $141,758
    From this org
    $117,715
    From related orgs
    $0
    Other
    $24,043
    Hours/week
    40
  • Polly Edwards-Padgett

    Sr. Director of Strategic Philanthropy and Interim Executive Director

    Total calculated
    $126,341
    From this org
    $111,290
    From related orgs
    $0
    Other
    $15,051
    Hours/week
    40
  • Shelly Sinclair

    Senior Director of Philanthropy

    Total calculated
    $128,237
    From this org
    $113,388
    From related orgs
    $0
    Other
    $14,849
    Hours/week
    40
  • Kristina Caradori

    Former Executive Director

    Total calculated
    $203,498
    From this org
    $194,526
    From related orgs
    $0
    Other
    $8,972

    Schedule J breakdown matched by us

    Base
    $105,026
    Bonus
    $89,500
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,972
    Filer's total
    $203,498

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

  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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

  • Funding to support Movement 2030 to improve academic achievement and readiness for the healthcare workforce.

  • SRHS

    $127,000

    Funding to implement virtual reality systems to improve rehabilitation of motor function, cognition and movement in pediatric rehab, neurological outpatient rehab, and acute care.

  • SRHS

    $70,000

    To implement Unite Us referral software, which will connect healthcare with community partners to deliver proactive, targeted interventions, tracking the impact on reducing disparities and improving patients' health and well-being.

  • SRHS

    $68,950

    To purchase wireless equipment used in breast cancer treatment that precisely targets affected tissue to pinpoint its location within 1mm, resulting in more successful surgeries, optimized breast conservation strategies and enhanced outcomes for women.

  • SRHS

    $29,995

    This grant will provide training for the Center for Pediatrics in the evidence-based model to improve infant and child health outcomes, build parenting confidence and create a supportive community for families.

  • SRHS

    $28,625

    To provide free medical care and health services to low-income, uninsured residents of Spartanburg, Cherokee and Union Counties, aiming to improve health outcomes and quality of life.

  • To support St. Luke's in providing free health care services to low-income, uninsured residents of Spartanburg County.

  • To reduce addiction by providing comprehensive services and support families affected by substance abuse.

  • To provide free medical care to uninsured, low-income residents of Cherokee County.

  • To improve the oral health of underserved children in Spartanburg County through preventative services, education, and access to dental care.

The 10 largest by cash amount. The API serves every itemized grant.

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.

  • Spartanburg Regional Health Services District

    Hospital · SC

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
4 August 2025
IRS schema version
2023v6.0
Source object
202532169349300933

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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