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← PEE DEE MEDICAL & HEALTH SCIENCES EDUCATION CONSORTIUM

Form 990 for tax year 2022

Filed by PEE DEE MEDICAL & HEALTH SCIENCES EDUCATION CONSORTIUM.

Totals

Total revenue
$1,355,641
Total expenses
$1,107,903
Contributions and grants received
$1,137,116
Grants paid
$875,000
Program service revenue
$0
Investment income
$218,525
Other revenue
$0
Total assets, end of year
$9,898,892
Total liabilities, end of year
$21,643
Net assets or fund balances, end of year
$9,877,249
Program services expenses (Part IX)
$875,000
Management and general expenses
$232,853
Fundraising expenses
$50
Program service expenses (Part III)
$875,000

Program services were 79.0% 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.

  • 1e · Government grants (contributions)

    $1,137,116

  • 3 · Investment income

    total $218,525 · excluded $218,525

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $790,000 · program services $790,000

  • 2 · Grants to domestic individuals

    total $85,000 · program services $85,000

  • 5 · Compensation of officers, directors and key employees

    total $224,018 · management and general $224,018

  • 11c · Fees: accounting

    total $6,000 · management and general $6,000

  • 13 · Office expenses

    total $20 · management and general $20

  • 24a · Other expenses: SUPPLIES

    total $2,338 · management and general $2,338

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $356 · management and general $356

  • 24c · Other expenses: TELEPHONE

    total $121 · management and general $121

  • 24d · Other expenses: SCSOS REGISTRATION FEE

    total $50 · fundraising $50

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $153,123 · end of year $191,863

  • 2 · Savings and temporary cash investments

    beginning of year $9,476,388 · end of year $9,707,029

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $21,504

  • 25 · Other liabilities

    beginning of year $0 · end of year $139

  • 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 $9,629,511 · end of year $9,877,249

Mission and programs · 2022

Mission

FURTHERING HEALTH CARE EDUCATION PROGRAMS IN THE HOPES OF EXPANDING THE PRESENCE AND SCOPE OF HEALTH CARE PROVIDERS IN THE NORTHEASTERN QUADRANT OF SOUTH CAROLINA.

  • DURING THE FISCAL YEAR 2023, THE CONSORTIUM ACCEPTED AND APPROVED FIVE APPLICATIONS FOR FUNDING SUPPORT RELATED TO GRADUATE MEDICAL EDUCATION (GME), UNDERGRADUATE MEDICAL EDUCATION (UME), OR GRADUATE HEALTH SCIENCES EDUCATION (GHS) PROGRAMS WITHIN THE PEE DEE AREA. A GME FEASIBILITY STUDY WAS CONDUCTED BY GERMANE SOLUTIONS SPECIFICALLY FOR MCLEOD REGIONAL MEDICAL CENTER. THE EXECUTIVE SUMMARY FOR THIS STUDY WAS RELEASED TO BOTH MCLEOD AND THE CONSORTIUM IN JUNE 2023 AND DETAILED SEVERAL REASONABLE OPPORTUNITIES FOR GME EXPANSION THROUGH MEDICAL RESIDENCIES AND FELLOWSHIPS CENTERED IN FLORENCE OR AT MCLEOD'S SEACOAST HOSPITAL SYSTEM.FUNDING FOR THE INITIAL DEVELOPMENT YEAR OF A NEW FAMILY MEDICINE AND INTERNAL MEDICINE REDICENCY PROGRAMS AT MEDICAL UNIVERSITY HOSPITAL AUTHORITY'S FLORENCE, SC CAMPUS.THE INTERNAL MEDICINE RESIDENCY PROGRAM IS ON TRACK / AHEAD OF SCHEDULE. THE PROGRAM HAS HIRED KEY LEADERSHIP STAFF, ENGAGED ESSENTIAL FACULTY, AND IS EXPECTED TO BEGIN INTERVIEWS FOR RESIDENTS IN SEPTEMBER 2023 WITH THE FIRST RESIDENTS BEGINNING IN THE SUMMER OF 2024.THE FAMILY MEDICINE RESIDENCY PROGRAM EXPERIENCED DELAYS DUE TO DIFFICULTY RECRUITING AN EXPERIENCED PROGRAM DIRECTOR. THE PROGRAM EXPECTS THE PROGRAM DIRECTOR TO BEGIN IN SEPTEMBER 2023, SUBMISSION OF THE ACGME APPLICATION TO BE COMPLETED IN FEBRUARY 2024, RECRUITMENT TO BEGIN FALL 2024, AND THE FIRST RESIDENT COHORT TO BEGIN IN JULY 2025.PARTIAL FUNDING OF COMPENSATION AND BENEFIT COSTS FOR THE FULL TIME ASSOCIATE DEAN FLORENCE CAMPUS FOR THE USC SCHOOL OF MEDICINE. FUNDING TO BE RELEASED IN FY2024.FUNDING FOR PHASE II FEASIBILITY STUDY CONDUCTED BY GERMANE SOLUTIONS FOR MCLEOD REGIONAL MEDICAL CENTER RELATED TO THE PLANNING OF NEW GME PROGRAMS. FUNDING TO BE RELEASED IN FY2024.

    Expenses $790,000 · Grants $790,000

  • ANNUAL STIPENDS FOR CLASS OF 2023 AND CLASS OF 2024 MEDICAL STUDENTS FROM UNIVERSITY OF SOUTH CAROLINA TRAINING IN FLORENCE, SC. STIPENDS WERE PROVIDED TO SEVENTEEN MEDICAL STUDENTS FROM USC WHO ARE BOTH LIVING AND TRAINING IN THE PEE DEE, PRIMARILY AT MCLEOD HOSPITAL AND MUSC-FLORENCE.

    Expenses $85,000 · Grants $85,000

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

Listed in Part VII

  • Dr David Cole

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Fred Carter

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Michael Amiridis

    VICE- CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Renee Anderson

    EXECUTIVE DIRECTOR

    Total calculated
    $224,018
    From this org
    $162,917
    From related orgs
    $0
    Other
    $61,101
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,917
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $61,101
    Filer's total
    $224,018

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 · Compensation committee
  • 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

The filer's explanations (Part III)

PART I, LINE 3
THE COMPENSATION WILL BE DETERMINED BY THE GOVERNING BOARD BASED UPON A RECOMMENDATION FROM THE OPERATIONS COMMITTEE AND MARKET CONDITIONS.

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

Provenance

Return type
form_990
Tax year
2022
Filed
30 October 2023
IRS schema version
2022v5.0
Source object
202313049349302011

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