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Nonprofiteer
← HALIFAX MEDICAL CENTER FOUNDATION INC

Form 990 for tax year 2024

Filed by HALIFAX MEDICAL CENTER FOUNDATION INC.

Totals

Total revenue
$3,888,949
Total expenses
$693,708
Contributions and grants received
$2,033,619
Grants paid
$427,261
Program service revenue
$0
Investment income
$1,855,330
Other revenue
$0
Total assets, end of year
$82,273,122
Total liabilities, end of year
$1,449,997
Net assets or fund balances, end of year
$80,823,125
Program services expenses (Part IX)
$693,708
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$693,708

Program services were 100.0% 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.

  • 1d · Related organizations

    $127,063

  • 1f · All other contributions, gifts and grants

    $1,906,556

  • 3 · Investment income

    total $1,733,230 · related or exempt $1,733,230

  • 7a · Gross sales of assets other than inventory

    other assets $122,100

  • 7c · Gain or loss

    other assets $122,100

  • 7d · Net gain or loss

    total $122,100 · related or exempt $122,100

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $427,261 · program services $427,261

  • 7 · Other salaries and wages

    total $82,978 · program services $82,978

  • 24a · Other expenses: OTHER EXPENSES

    total $139,077 · program services $139,077

  • 24b · Other expenses: PURCHASED SERVICES

    total $44,292 · program services $44,292

  • 24c · Other expenses: MARKETING - SPECIAL EVENT

    total $100 · program services $100

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,108,010 · end of year $3,499,410

  • 12 · Investments: other securities

    beginning of year $65,267,307 · end of year $73,102,470

  • 15 · Other assets

    beginning of year $5,671,242 · end of year $5,671,242

  • 17 · Accounts payable and accrued expenses

    end of year $208

  • 25 · Other liabilities

    beginning of year $1,488,168 · end of year $1,449,789

  • 27 · Net assets without donor restrictions

    beginning of year $65,887,149 · end of year $75,151,883

  • 28 · Net assets with donor restrictions

    beginning of year $5,671,242 · end of year $5,671,242

Mission and programs · 2024

Mission

THE HMC FOUNDATION WAS ESTABLISHED TO DEVELOP PHILANTROPIC FUNDS FOR HALIFAX MEDICAL CENTER BY GENERATING A HIGH LEVEL OF UNDERSTANDING IN THE COMMUNITY REGARDING THE NEED FOR GIFT GIVING AND INVOLVING THE COMMUNITY IN FINANCIALLY SUPPORTING THE MEDICAL CENTER.

  • PROGRAMS ARE ORGANIZED IN AN EFFORT TO OBTAIN DONATIONS AND CONTRIBUTIONS FOR HALIFAX MEDICAL CENTER.

    Expenses $693,708 · Grants $427,261

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Matt Gable

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Charlene Greer

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • John Guthrie

    VP & EXEC. D

    Total calculated
    $0
    Hours/week
    40

  • Bissy Holden

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Bud Ritchey

    ASSISTANT SE

    Total calculated
    $0
    Hours/week
    5

  • Bobby Thigpen

    CHAIR

    Total calculated
    $0
    Hours/week
    5

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.

Grants on this return

  • HALIFAX MEDICAL CENTER

    $427,261

    SUPPORT OF HMC

Provenance

Return type
form_990
Tax year
2024
Filed
20 July 2026
IRS schema version
2024v5.0
Source object
202622019349300607

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

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