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Nonprofiteer
← SOUTH GEORGIA MEDICAL CENTER FOUNDATION INC

Form 990 for tax year 2024

Filed by SOUTH GEORGIA MEDICAL CENTER FOUNDATION INC.

Totals

Total revenue
$4,653,521
Total expenses
$5,656,543
Contributions and grants received
$3,806,932
Grants paid
$5,656,543
Program service revenue
$0
Investment income
$695,031
Other revenue
$151,558
Total assets, end of year
$6,691,361
Total liabilities, end of year
$541
Net assets or fund balances, end of year
$6,690,820
Program services expenses (Part IX)
$5,656,543
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$5,656,543

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.

  • 1c · Fundraising events

    $18,185

  • 1d · Related organizations

    $26,262

  • 1f · All other contributions, gifts and grants

    $3,762,485

  • 3 · Investment income

    total $326,677 · excluded $326,677

  • 7a · Gross sales of assets other than inventory

    securities $6,863,169

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

    securities $6,494,815

  • 7c · Gain or loss

    securities $368,354

  • 7d · Net gain or loss

    total $368,354 · excluded $368,354

  • 8a · Fundraising events: gross income

    $176,900

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

    $18,185

  • 8b · Fundraising events: direct expenses

    $25,342

  • 8c · Net income from fundraising events

    total $151,558 · excluded $151,558

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,397,474 · program services $5,397,474

  • 2 · Grants to domestic individuals

    total $259,069 · program services $259,069

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,798,402 · end of year $659,236

  • 2 · Savings and temporary cash investments

    beginning of year $985,140 · end of year $1,868,875

  • 11 · Investments: publicly traded securities

    beginning of year $4,725,054 · end of year $4,163,250

  • 17 · Accounts payable and accrued expenses

    end of year $541

  • 27 · Net assets without donor restrictions

    beginning of year $2,639,136 · end of year $3,327,587

  • 28 · Net assets with donor restrictions

    beginning of year $4,869,460 · end of year $3,363,233

Mission and programs · 2024

Mission

TO SUPPORT PUBLIC HEALTHCARE BY PROVIDING SUPPORT TO OR FOR THE BENEFIT OF THE HOSPITAL AUTHORITY OF VALDOSTA AND LOWNDES COUNTY GEORGIA DBA SOUTH GEORGIA MEDICAL CENTER (AUTHORITY) AND OTHER HEALTH CARE ORGANIZATIONS EXEMPT UNDER IRC SECTIONS 501(C)(3) THAT SUPPORT THE MISSION OF THE AUTHORITY.

  • GRANTS ARE MADE TO THE AUTHORITY, AND TO SOUTH GEORGIA HEALTH ALLIANCE, BOTH 501(C)(3) ORGANIZATIONS, FOR OPERATIONS AND CAPITAL IMPROVEMENTS. GRANTS MAY ALSO BE MADE TO SUPPORT OTHER NONPROFIT ORGANIZATIONS IN THE COMMUNITY THAT SUPPORT THE HEALTHCARE MISSION OF THE AUTHORITY AND THE ALLIANCE.

    Expenses $5,656,543 · Grants $5,656,543

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

Listed in Part VII

  • RONALD DEAN

    CEO

    Total calculated
    $1,092,616
    From this org
    $0
    From related orgs
    $1,015,989
    Other
    $76,627
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $844,663 related
    Bonus
    not reported + $162,326 related
    Other
    not reported + $9,000 related
    Deferred
    not reported + $42,947 related
    Nontaxable benefits
    not reported + $33,680 related
    Filer's total
    not reported + $1,092,616 related

  • JOHN MOORE

    CFO

    Total calculated
    $610,892
    From this org
    $0
    From related orgs
    $536,319
    Other
    $74,573
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $442,119 related
    Bonus
    not reported + $88,200 related
    Other
    not reported + $6,000 related
    Deferred
    not reported + $45,748 related
    Nontaxable benefits
    not reported + $28,825 related
    Filer's total
    not reported + $610,892 related

  • HILARY GIBBS

    CDO

    Total calculated
    $366,316
    From this org
    $0
    From related orgs
    $300,386
    Other
    $65,930
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    not reported + $247,786 related
    Bonus
    not reported + $49,600 related
    Other
    not reported + $3,000 related
    Deferred
    not reported + $30,282 related
    Nontaxable benefits
    not reported + $35,648 related
    Filer's total
    not reported + $366,316 related

  • JOE BROWNLEE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BEN COPELAND

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MAGGIE DAVIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH FLAIL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SUZAN PRINCE GARNETT

    BD MBR (TERM

    Total calculated
    $0

  • HAYDEN HANCOCK

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • BO LOVEIN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • CHARLES HOBBY MD

    BD MBR (12/2

    Total calculated
    $0

  • BRIAN DAWSON MD

    TREAS. (TERM

    Total calculated
    $0

  • LEE MACKEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BROC MCDOWELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAL MILLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PAT MILLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KEN MORRISON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ORA MORRISON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAN NEWTON

    BD MBR (TERM

    Total calculated
    $0

  • JASON SHAW

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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)

SCHEDULE J, PAGE 1, PART I, LINE 3
THE FOUNDATION DOES NOT COMPENSATE ANY OFFICERS OR EMPLOYEES, WHO ARE SHARED EMPLOYEES COMPENSATED BY SOUTH GEORGIA MEDICAL CENTER, INC., A RELATED ORGANIZATION. THE FILING ORGANIZATION, INSTEAD, RELIES ON THE METHODS USED BY THE MEDICAL CENTER TO ESTABLISH COMPENSATION OF THE CEO AND EXECUTIVE OFFICERS. COMPENSATION DETERMINATION BY THE MEDICAL CENTER INCLUDES AN INDEPENDENT COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION SURVEYS, AND BOARD APPROVAL.
SCHEDULE J, PAGE 1, PART I, LINE 4
RONALD DEAN 0 27,697 0 JOHN MOORE 0 30,498 0 HILARY GIBBS 0 22,750 0

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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.0
Source object
202503189349304950

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