Form 990 for tax year 2024

Filed by KORNER GIFT SHOP.

Totals

Total revenue: $395,089
Total expenses: $324,260
Contributions and grants received: $1,745
Grants paid: $105,865
Program service revenue: $0
Investment income: $55,352
Other revenue: $337,992
Total assets, end of year: $1,617,633
Total liabilities, end of year: $23,378
Net assets or fund balances, end of year: $1,594,255
Program services expenses (Part IX): $252,010
Management and general expenses: $72,250
Fundraising expenses: $0
Program service expenses (Part III): $252,010

Program services were 77.7% 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

$0
1b · Membership dues

$0
1c · Fundraising events

$0
1d · Related organizations

$0
1e · Government grants (contributions)

$0
1f · All other contributions, gifts and grants

$1,745
1g · Noncash contributions included above

$0
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $22,492 · related or exempt $0 · unrelated business $0 · excluded $22,492
4 · Income from investment of tax-exempt bond proceeds

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

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6a · Gross rents

real property $0 · personal property $0
6b · Less rental expenses

real property $0 · personal property $0
6c · Rental income or loss

real property $0 · personal property $0
6d · Net rental income or loss

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
7a · Gross sales of assets other than inventory

securities $435,119
7b · Less cost or other basis and sales expenses

securities $402,259
7c · Gain or loss

securities $32,860 · other assets $0
7d · Net gain or loss

total $32,860 · excluded $32,860
8a · Fundraising events: gross income

$0
8a · Fundraising events: contributions included on line 1c

$0
8b · Fundraising events: direct expenses

$0
8c · Net income from fundraising events

total $0 · unrelated business $0 · excluded $0
9a · Gaming: gross income

$0
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
10a · Gross sales of inventory

$536,737
10b · Cost of goods sold

$281,416
10c · Net income from sales of inventory

total $255,321 · related or exempt $255,321 · unrelated business $0 · excluded $0
11a · Other revenue: OTHER REVENUE

total $82,671 · related or exempt $82,671
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$82,671

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $105,865 · program services $105,865
2 · Grants to domestic individuals

total $0 · program services $0
3 · Grants to foreign organizations and individuals

total $0 · program services $0
4 · Benefits paid to or for members

total $0 · program services $0
5 · Compensation of officers, directors and key employees

total $0 · program services $0 · management and general $0 · fundraising $0
6 · Compensation of disqualified persons

total $0 · program services $0 · management and general $0 · fundraising $0
7 · Other salaries and wages

total $0 · program services $0 · management and general $0 · fundraising $0
8 · Pension plan contributions

total $0 · program services $0 · management and general $0 · fundraising $0
9 · Other employee benefits

total $0 · program services $0 · management and general $0 · fundraising $0
10 · Payroll taxes

total $0 · program services $0 · management and general $0 · fundraising $0
11a · Fees: management

total $0 · program services $0 · management and general $0 · fundraising $0
11b · Fees: legal

total $0 · program services $0 · management and general $0 · fundraising $0
11c · Fees: accounting

total $0 · program services $0 · management and general $0 · fundraising $0
11d · Fees: lobbying

total $0 · program services $0 · management and general $0 · fundraising $0
11e · Fees: professional fundraising services

total $0 · fundraising $0
11f · Fees: investment management

total $0 · program services $0 · management and general $0 · fundraising $0
11g · Fees: other

total $1,359 · program services $1,359 · management and general $0 · fundraising $0
12 · Advertising and promotion

total $0 · program services $0 · management and general $0 · fundraising $0
13 · Office expenses

total $46,427 · program services $0 · management and general $46,427 · fundraising $0
14 · Information technology

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

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

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

total $2,442 · program services $2,442 · management and general $0 · fundraising $0
18 · Travel or entertainment for public officials

total $0 · program services $0 · management and general $0 · fundraising $0
19 · Conferences, conventions and meetings

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

total $0 · program services $0 · management and general $0 · fundraising $0
21 · Payments to affiliates

total $0 · program services $0 · management and general $0 · fundraising $0
22 · Depreciation, depletion and amortization

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

total $0 · program services $0 · management and general $0 · fundraising $0
24a · Other expenses: COST REIMBURSEMENT

total $142,344 · program services $142,344 · management and general $0 · fundraising $0
24b · Other expenses: OTHER EXPENSES

total $25,823 · program services $0 · management and general $25,823 · fundraising $0
24e · All other expenses

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

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $342,100 · end of year $347,107
2 · Savings and temporary cash investments

beginning of year $78,657 · end of year $80,285
3 · Pledges and grants receivable

beginning of year $0 · end of year $0
4 · Accounts receivable

beginning of year $5,855 · end of year $47,701
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $0 · end of year $0
8 · Inventories for sale or use

beginning of year $74,994 · end of year $74,994
9 · Prepaid expenses and deferred charges

beginning of year $0 · end of year $0
10a · Land, buildings and equipment: cost or other basis

$0
10b · Land, buildings and equipment: accumulated depreciation

$0
10c · Land, buildings and equipment, net

beginning of year $0 · end of year $0
11 · Investments: publicly traded securities

beginning of year $986,035 · end of year $1,067,546
12 · Investments: other securities

beginning of year $0
13 · Investments: program-related

beginning of year $0
14 · Intangible assets

beginning of year $0
15 · Other assets

beginning of year $0 · end of year $0
17 · Accounts payable and accrued expenses

beginning of year $37,526 · end of year $23,378
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $0 · end of year $0
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $0 · end of year $0
27 · Net assets without donor restrictions

beginning of year $450,811 · end of year $511,995
28 · Net assets with donor restrictions

beginning of year $999,304 · end of year $1,082,260
29 · Capital stock, trust principal or current funds

beginning of year $0 · end of year $0
30 · Paid-in or capital surplus, or land, building or equipment fund

beginning of year $0 · end of year $0
31 · Retained earnings, endowment or other funds

beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

TO RENDER ASSISTANCE TO REX HOSPITAL, INC. THROUGH VOLUNTEERISM AND FINANCIAL SUPPORT.

THE REX HOSPITAL GUILD SUPPORTS REX HOSPITAL, INC. WITH GRANTS TO ASSIST WITH A VARIETY OF PROGRAMS. THESE PROGRAMS INCLUDE GENERAL SUPPORT FOR NURSING FACILITIES, PATIENT ASSISTANCE WITH PURCHASING MEDICINES AND SCHOLARSHIPS. THE SCHOLARSHIPS ARE PROVIDED TO HIGH SCHOOL VOLUNTEERS FOR GENERAL COLLEGE PROGRAMS IN ANY FIELD OF STUDY. THE GUILD ALSO PROVIDES FUNDING FOR CONTINUING EDUCATION PROGRAMS FOR NURSES. THE GUILD PROVIDES FUNDS TO UNC REX HOME SERVICES TO ASSIST PATIENTS WITH UTILITY BILLS, FOOD, MEDICAL EQUIPMENT AND PRESCRIPTIONS AND NURSING VISITS FOR UNINSURED PATIENTS; AS WELL AS FUNDS TO CASE MANAGEMENT SERVICES FOR CLOTHING, SPECIFICALLY FOR BARIATRIC PATIENTS, SHOES AND TOILETRIES. THE GUILD ALSO PROVIDES FUNDS FOR INTERN STIPENDS IN THE REX HOSPITAL CHAPLAIN PROGRAM. THE GUILD SUPPORTS THE WOMEN AND CHILDREN'S CENTER THROUGH THE PURCHASE OF EQUIPMENT FOR THE BIRTHING CENTER, INCLUDING A DIGITAL CAMERA FOR BABY PHOTOS IN THE INTENSIVE CARE UNIT, BABY BOTTLES, INFANT CAR SEATS AND BEREAVEMENT CARE PACKAGES FOR PARENTS. IN ADDITION, VOLUNTEERS MAKE HATS AND GOWNS FOR THE BABIES BORN IN REX HOSPITAL. THE GUILD'S PATIENT SUPPORT PROGRAM SUPPORTS THE CANCER CENTER BY PROVIDING WIGS, BREAST PROSTHESES AND OTHER SUPPLIES NEEDED BY THE CHEMOTHERAPY PATIENTS. THE GUILD MAINTAINS THE BEAUTIFUL MAUDE GRIMES GARDENS ON REX HOSPITAL CAMPUS AS WELL AS PROVIDING GREENERY WEEKLY FOR THE CHAPEL AND POINSETTIAS FOR ALL COMMON AREAS DURING THE HOLIDAY SEASON. REX HOSPITAL GUILD HOSTS THE ANNUAL HOLIDAY TEA AND PROVIDES STUFFED BEARS AS GIFTS FOR PATIENTS SPENDING THE HOLIDAYS IN REX HOSPITAL. REX HOSPITAL GUILD IS INVOLVED WITH THE REX KORNER GIFT SHOP. REX HOSPITAL GUILD ASSISTS WITH BUYING MERCHANDISE AND WORKING SHIFTS IN THE GIFT SHOP, WHICH OFFERS A VARIETY OF GIFT ITEMS SUCH AS: BABY GIFTS, FLOWER ARRANGEMENTS, BALLOONS, INSPIRATIONAL ITEMS, SNACKS AND BOOKS AND MAGAZINES. ALL NET PROCEEDS FROM THE GIFT SHOP BENEFIT THE REX HOSPITAL GUILD PROGRAMS.

Expenses $252,010 · Grants $105,865 · Revenue $337,992

As filed on the 2024 return.

Listed in Part VII

Cameron Ellerbe

Director/Assistant Treasurer

Total calculated

$0

Hours/week

5
Laura Isley

Director/President

Total calculated

$0

Hours/week

5
Marlene Batchelor

Director/Vice President

Total calculated

$0

Hours/week

5
Perri Anderson

Director/Treasurer

Total calculated

$0

Hours/week

5
Susan Watson

Director/Secretary

Total calculated

$0

Hours/week

5
Amanda Ramseur

Director

Total calculated

$0

Hours/week

3
Astra Ball

Director

Total calculated

$0

Hours/week

3
Betsy Frazier

Director

Total calculated

$0

Hours/week

3
Carol Allen

Director

Total calculated

$0

Hours/week

3
Elizabeth Deane

Director

Total calculated

$0

Hours/week

3
Graham Satisky

Director

Total calculated

$0

Hours/week

3
Jackie Stocks Rufty

Director

Total calculated

$0

Hours/week

3
Jan Fry

Director

Total calculated

$0

Hours/week

3
Jayne Teel

Director

Total calculated

$0

Hours/week

3
Julie Sandridge

Director

Total calculated

$0

Hours/week

3
Katie Gillespie

Director

Total calculated

$0

Hours/week

3
Kim O'Han

Director

Total calculated

$0

Hours/week

3
Liza Williams

Director

Total calculated

$0

Hours/week

3
Louise McCoy

Director

Total calculated

$0

Hours/week

3
Mary Boney

Director

Total calculated

$0

Hours/week

3
Meredith Miller

Director

Total calculated

$0

Hours/week

3
Michelle Tanner

Director

Total calculated

$0

Hours/week

3
Mig Hardy

Director

Total calculated

$0

Hours/week

3
Nadine Pittman

Director

Total calculated

$0

Hours/week

3
Nancy Brenneman

Director

Total calculated

$0

Hours/week

3
Rebecca Bennett

Director

Total calculated

$0

Hours/week

3
Sally Scott Tippett

Director

Total calculated

$0

Hours/week

3
Sandy Page

Director

Total calculated

$0

Hours/week

3
Sarah Merriman

Director

Total calculated

$0

Hours/week

3
Shanah Black

Director

Total calculated

$0

Hours/week

3
Vicki Detweiler

Director

Total calculated

$0

Hours/week

3

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

Rex Hospital Inc

$105,865

General Support/Scholarships

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.

REX HOSPITAL INC

501(c)(3) · HOSPITAL · NC

Directly controlled by UNC HEALTHCARE

Provenance

Return type: form_990
Tax year: 2024
Filed: 17 March 2026
IRS schema version: 2024v5.1
Source object: 202630769349300413

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