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← PEE DEE MEDICAL & HEALTH SCIENCES EDUCATION CONSORTIUM

Form 990 for tax year 2023

Filed by PEE DEE MEDICAL & HEALTH SCIENCES EDUCATION CONSORTIUM.

Totals

Total revenue
$14,563,701
Total expenses
$1,675,648
Contributions and grants received
$13,867,084
Grants paid
$1,381,144
Program service revenue
$0
Investment income
$696,617
Other revenue
$0
Total assets, end of year
$22,898,827
Total liabilities, end of year
$133,525
Net assets or fund balances, end of year
$22,765,302
Program services expenses (Part IX)
$1,381,144
Management and general expenses
$294,454
Fundraising expenses
$50
Program service expenses (Part III)
$1,381,144

Program services were 82.4% 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)

    $13,867,084

  • 1g · Noncash contributions included above

    $4,200

  • 3 · Investment income

    total $696,617 · excluded $696,617

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $996,465 · program services $996,465

  • 2 · Grants to domestic individuals

    total $384,679 · program services $384,679

  • 5 · Compensation of officers, directors and key employees

    total $250,968 · management and general $250,968

  • 11c · Fees: accounting

    total $31,038 · management and general $31,038

  • 11f · Fees: investment management

    total $2,628 · management and general $2,628

  • 13 · Office expenses

    total $50 · management and general $50

  • 16 · Occupancy

    total $4,200 · management and general $4,200

  • 23 · Insurance

    total $3,009 · management and general $3,009

  • 24a · Other expenses: SUPPLIES

    total $1,619 · management and general $1,619

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $821 · management and general $821

  • 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 $191,863 · end of year $93,575

  • 2 · Savings and temporary cash investments

    beginning of year $9,707,029 · end of year $22,635,356

  • 4 · Accounts receivable

    end of year $4,601

  • 9 · Prepaid expenses and deferred charges

    end of year $602

  • 15 · Other assets

    beginning of year $0 · end of year $164,693

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,504 · end of year $133,525

  • 25 · Other liabilities

    beginning of year $139 · end of year $0

  • 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 $9,877,249 · end of year $22,765,302

Mission and programs · 2023

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 SCAL YEAR 2024, THE CONSORTIUM FUNDED SEVERAL PROGRAMS IN THE PEE DEE RELATED TO GRADUATE MEDICAL EDUCATION (GME), UNDERGRADUATE MEDICAL EDUCATION (UME), AND GRADUATE HEALTH SCIENCE EDUCATION (GHS) PROGRAMS.FOR GME, THE CONSORTIUM PROVIDED FUNDING TO MCLEOD REGIONAL MEDICAL CENTER, MEDICAL UNIVERSITY HOSPITAL AUTHORITY, AND MEDICAL UNIVERSITY OF SOUTH CAROLINA COLLEGE OF DENTAL MEDICINE. FUNDING SUPPORT IN SCAL YEAR 2024 FOR GME TOTALED $589,121.FOR UME, WHICH IS THE PIPELINE FOR GME, THE CONSORTIUM PROVIDED FUNDING TO THE UNIVERSITY OF SOUTH CAROLINA AND TO STUDENTS AT THE UNIVERSITY OF SOUTH CAROLINA'S SCHOOL OF MEDICINE WHO ARE COMPLETING TRAINING AT THE REGIONAL CAMPUS IN FLORENCE, SOUTH CAROLINA. FUNDING SUPPORT IN SCAL YEAR 2024 FOR UME TOTALED $384,678.58.FOR GHS, THE CONSORTIUM PROVIDED FUNDING SUPPORT FOR ASSOCIATED GRADUATE HEALTH PROFESSIONPROGRAMS AT FRANCIS MARION UNIVERSITY TOTALING $407,334.

    Expenses $996,465 · Grants $996,465

  • ANNUAL STIPENDS WERE PROVIDED FOR CLASS OF 2024 AND CLASS OF 2025 MEDICAL STUDENTS FROM THE UNIVERSITY OF SOUTH CAROLINA ENROLLED AS STUDENTS AT THE REGIONAL CAMPUS IN FLORENCE, SC. STIPENDS WERE PROVIDED TO 25 MEDICAL STUDENTS FROM USC WHO ARE BOTH LIVING AND TRAINING IN THE PEE DEE, PRIMARILY AT MCLEOD REGIONAL MEDICAL CENTER AND THE MEDICAL UNIVERSITY OF SOUTHCAROLINA HOSPITAL, BOTH LOCATED IN FLORENCE.

    Expenses $384,679 · Grants $384,679

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dr Fred Carter

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Michael Amiridis

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Dr David Cole

    VICE- CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Renee Anderson

    EXECUTIVE DIRECTOR

    Total calculated
    $250,968
    From this org
    $181,900
    From related orgs
    $0
    Other
    $69,068
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,900
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $69,068
    Filer's total
    $250,968

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
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202433189349303063

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