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← BLADEN COUNTY HOSPITAL FOUNDATION

Form 990 for tax year 2024

Filed by BLADEN COUNTY HOSPITAL FOUNDATION.

Totals

Total revenue
$20,594
Total expenses
$4,662
Contributions and grants received
$6,646
Grants paid
$0
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$4,662
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$4,662

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • CHARLES RAY PETERSON

    CHAIR

    Total calculated
    $0
    Hours/week
    0.1

  • BRIAN CAMPBELL

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    0.1

  • SHIRLEY VANN

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.1

  • GENA ANDERSON PEED

    MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • MARK GILLESPIE

    MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • ASHLEY GRAHAM JONES

    MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • DR ANN GREENE

    MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • DR SHAUN HINES

    MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • DR MANDI LEE

    MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • ERIC MATTHEWS

    MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • TERRY NANCE

    MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • DERRICK RICE

    MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • MAURICE WILLIAMS

    MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • MICHAEL NAGOWSKI

    CEO - CFVH

    Total calculated
    $1,778,609
    From this org
    $0
    From related orgs
    $1,751,758
    Other
    $26,851
    Hours/week
    0 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,199,200 related
    Bonus
    $0 + $549,946 related
    Other
    $0 + $2,612 related
    Deferred
    $0 + $15,350 related
    Nontaxable benefits
    $0 + $11,501 related
    Filer's total
    $0 + $1,778,609 related

  • BRET JOHNSON

    CFO - CFVH

    Total calculated
    $827,896
    From this org
    $0
    From related orgs
    $804,547
    Other
    $23,349
    Hours/week
    0 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $610,684 related
    Bonus
    $0 + $175,770 related
    Other
    $0 + $18,093 related
    Deferred
    $0 + $15,350 related
    Nontaxable benefits
    $0 + $7,999 related
    Filer's total
    $0 + $827,896 related

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

None.

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
EXECUTIVE SALARIES ARE DETERMINED BY A MARKET ANALYSIS INVOLVING COMPARABILITY DATA, INDUSTRY STANDARDS, AND LOCAL ECONOMICS. THE CEO'S SALARY IS A CONDITION OF THE MANAGEMENT AGREEMENT BETWEEN THE BOARD OF DIRECTORS AND CAPE FEAR VALLEY MEDICAL CENTER. THE BOARD HAS INDIRECT APPROVAL OVER THE COMPENSATION PAID TO THE CEO THROUGH THIS AGREEMENT, AND HAS APPROVAL OVER ANY ADDITIONAL AMOUNTS AND INCREASES. CAPE FEAR PREPARES A COMPENSATION STUDY FOR OFFICERS AND KEY EMPLOYEES EXCLUDING THE CEO AND MAKES THE RECOMMENDATIONS TO THE CEO OF HARNETT HEALTH SYSTEM. THOSE RECOMMENDATIONS, INCLUDING ANY AMOUNTS ALLOCATED FOR RAISES AND INCENTIVES, ARE INCLUDED IN THE ANNUAL BUDGET PROCESS WHICH IS APPROVED BY THE FINANCE COMMITIEE OF THE BOARD. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2022.

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
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202503179349302785

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