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← PIEDMONT HEALTHCARE FOUNDATION INC

Form 990 for tax year 2022

Filed by PIEDMONT HEALTHCARE FOUNDATION INC.

Totals

Total revenue
$11,140,116
Total expenses
$2,172,118
Contributions and grants received
$10,517,165
Grants paid
$0
Program service revenue
$0
Investment income
$627,752
Other revenue
-$4,801
Total assets, end of year
$41,617,850
Total liabilities, end of year
$877,960
Net assets or fund balances, end of year
$40,739,890
Program services expenses (Part IX)
$1,606,260
Management and general expenses
$565,858
Fundraising expenses
$0
Program service expenses (Part III)
$1,606,260

Program services were 73.9% 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

    $452,994

  • 1d · Related organizations

    $31,095

  • 1e · Government grants (contributions)

    $10,670

  • 1f · All other contributions, gifts and grants

    $10,022,406

  • 1g · Noncash contributions included above

    $212,035

  • 3 · Investment income

    total $627,752 · related or exempt $0 · unrelated business $0 · excluded $627,752

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $178,425

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

    $452,994

  • 8b · Fundraising events: direct expenses

    $183,226

  • 8c · Net income from fundraising events

    total -$4,801 · unrelated business $0 · excluded -$4,801

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,213,484 · program services $989,163 · management and general $224,321 · fundraising $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $295,912 · program services $185,359 · management and general $110,553 · fundraising $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $97,500 · program services $0 · management and general $97,500 · fundraising $0

  • 11b · Fees: legal

    total $1,566 · program services $1,566 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $170,607 · program services $170,607 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $21,600 · program services $21,600 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $303,670 · program services $190,219 · management and general $113,451 · fundraising $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $8,257 · program services $8,257 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $848 · program services $848 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: PROFESSIONAL DUES

    total $5,053 · program services $5,053 · management and general $0 · fundraising $0

  • 24b · Other expenses: ADMINISTRATIVE EXPENSES

    total $53,621 · program services $33,588 · management and general $20,033 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 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 $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $308,282

  • 10b · Land, buildings and equipment: accumulated depreciation

    $273,987

  • 10c · Land, buildings and equipment, net

    beginning of year $35,143 · end of year $34,295

  • 11 · Investments: publicly traded securities

    beginning of year $37,629,886 · end of year $40,898,537

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $1,560,128 · end of year $685,018

  • 17 · Accounts payable and accrued expenses

    beginning of year -$2,716 · end of year -$240

  • 18 · Grants payable

    beginning of year $90,958,875 · end of year $873,747

  • 19 · Deferred revenue

    beginning of year $2,953 · end of year $4,453

  • 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 $349,384 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$52,780,377 · end of year $40,102,997

  • 28 · Net assets with donor restrictions

    beginning of year $697,038 · end of year $636,893

Mission and programs · 2022

Mission

THE PIEDMONT HEALTHCARE FOUNDATION PROVIDES THE VOLUNTEER LEADERSHIP THAT ASSURES PIEDMONT HEALTHCARE'S PHILANTHROPIC SUPPORT IS GENERATED, STEWARDED, AND TRANSFORMED INTO VALUABLE GIFTS FOR ITS COMMUNITIES.

Activities or mission (Part I)

THE PIEDMONT HEALTHCARE FOUNDATION GENERATES AND STEWARDS PIEDMONT HEALTHCARES PHILANTHROPIC SUPPORT TO TRANSFORM IT INTO VALUABLE GIFTS FOR ITS COMMUNITIES.

  • PROGRAM SERVICES: REALIZING THAT PIEDMONT HEALTHCARE RELIES UPON THE GENEROSITY AND VISION OF COMMUNITY-MINDED CITIZENS, THE PIEDMONT HEALTHCARE FOUNDATION ("PHF") PROVIDES THE VOLUNTEER LEADERSHIP THAT ASSURES PIEDMONT HEALTHCARE'S PHILANTHROPIC SUPPORT IS GENERATED, STEWARDED AND TRANSFORMED INTO VALUABLE GIFTS MEETING THE IMMEDIATE AND FUTURE HEALTHCARE NEEDS OF THE REGION. DURING FISCAL YEAR 2023, PHF PLAYED AN INTEGRAL ROLE IN THE GENERATION AND MANAGEMENT OF OVER $10.5 MILLION IN GRANTS AND CONTRIBUTIONS FOR ITSELF AND THE ORGANIZATIONS IT SUPPORTS.

    Expenses $1,606,260

As filed on the 2022 return.

Listed in Part VII

  • Ms Elizabeth Leddy

    SECRETARY/CLO PHC

    Total calculated
    $1,528,196
    From this org
    $0
    From related orgs
    $1,389,485
    Other
    $138,711
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $547,780 related
    Bonus
    $0 + $295,524 related
    Other
    $0 + $546,181 related
    Deferred
    $0 + $117,950 related
    Nontaxable benefits
    $0 + $20,761 related
    Filer's total
    $0 + $1,528,196 related

  • Mr Thomas Arnold

    TREASURER/CFO PHC

    Total calculated
    $1,304,185
    From this org
    $0
    From related orgs
    $1,173,444
    Other
    $130,741
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $640,918 related
    Bonus
    $0 + $356,487 related
    Other
    $0 + $176,039 related
    Deferred
    $0 + $115,097 related
    Nontaxable benefits
    $0 + $15,644 related
    Filer's total
    $0 + $1,304,185 related

  • Mr Sidney Kirschner

    CHIEF PHILANTHROPY OFFICER

    Total calculated
    $1,300,655
    From this org
    $0
    From related orgs
    $1,191,069
    Other
    $109,586
    Hours/week
    53 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $534,771 related
    Bonus
    $0 + $336,351 related
    Other
    $0 + $319,947 related
    Deferred
    $0 + $96,606 related
    Nontaxable benefits
    $0 + $12,980 related
    Filer's total
    $0 + $1,300,655 related

  • Dr Lily Henson

    Board Member

    Total calculated
    $735,463
    From this org
    $0
    From related orgs
    $642,491
    Other
    $92,972
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $435,927 related
    Bonus
    $0 + $152,198 related
    Other
    $0 + $54,366 related
    Deferred
    $0 + $84,541 related
    Nontaxable benefits
    $0 + $8,431 related
    Filer's total
    $0 + $735,463 related

  • Ms Vicki Kaiser

    Board Member

    Total calculated
    $329,170
    From this org
    $0
    From related orgs
    $290,538
    Other
    $38,632
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $228,786 related
    Bonus
    $0 + $54,661 related
    Other
    $0 + $7,091 related
    Deferred
    $0 + $17,353 related
    Nontaxable benefits
    $0 + $21,279 related
    Filer's total
    $0 + $329,170 related

  • Mr Michael McAnder

    FORMER TREASURER/CFO PHC

    Total calculated
    $150,106
    From this org
    $0
    From related orgs
    $150,106
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $150,106 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $150,106 related

  • Ms Lillie Axelrod

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mr Stephen Berman

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Ms Sarah Brown

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mr Charles W Cary

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Dr Mark Cohen

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mr Tony Conway

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mr Jeremy Ellis

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mr Thomas Lovell Fleetwood

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mr Thomas H Hawk

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Ms Mona Heyer

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mr Christopher Hohlstein

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mr Lee Katz

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Ms Jane Lanier

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mr Allen Meadors

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mr Russell Richards

    Board Member/CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Ms Denise Smith

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Ms Vicki Turner

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • MS LAUREN CASTELLUCCI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MS ROBIN HENSLEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MR LUIS IZQUIERDO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MS LYNETTE MATHIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MR CARTER POPE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MS ALLISON POWELL

    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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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, PART I, LINE 3: COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR
THE COMPENSATION FOR THE PRESIDENT/CEO OF PIEDMONT HEALTHCARE FOUNDATION IS SET AND PAID BY THE ENTITY'S PARENT, PIEDMONT HEALTHCARE, INC. PLEASE SEE THE SCHEDULE O NARRATIVES FOR FORM 990, PART VI, SECTION B, LINES 15A & 15B FOR ADDITIONAL INFORMATION.
SCHEDULE J, PART I, LINE 4A: SEVERANCE PAYMENTS
MICHAEL MCANDER RECEIVED A SEVERANCE PAYMENT DURING CALENDAR YEAR 2022 IN THE AMOUNT OF $150,106.
SCHEDULE J, PART I, LINE 4B: SUPPLEMENTAL COMPENSATION INFORMATION
THE FOLLOWING INDIVIDUALS RECEIVED PAYMENTS FROM THEIR SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS: SIDNEY KIRSCHNER $ 78,306 THOMAS ARNOLD $ 96,797 ELIZABETH LEDDY $490,447 DR. LILY HENSON PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN BUT DID NOT RECEIVE A CURRENT YEAR PAYMENT.

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

No itemized grants to organizations 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202441359349307554

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