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Nonprofiteer
← THE SPARTANBURG REGIONAL HEALTHCARE SYSTEM FOUNDATION

Form 990 for tax year 2024

Filed by THE SPARTANBURG REGIONAL HEALTHCARE SYSTEM FOUNDATION.

Totals

Total revenue
$13,136,293
Total expenses
$10,206,672
Contributions and grants received
$9,030,948
Grants paid
$7,238,971
Program service revenue
$0
Investment income
$4,118,559
Other revenue
-$13,214
Total assets, end of year
$67,379,862
Total liabilities, end of year
$212,190
Net assets or fund balances, end of year
$67,167,672
Program services expenses (Part IX)
$7,487,281
Management and general expenses
$1,482,669
Fundraising expenses
$1,236,722
Program service expenses (Part III)
$7,487,281

Program services were 73.4% 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.

  • 1a · Federated campaigns

    $70,257

  • 1d · Related organizations

    $2,926,482

  • 1e · Government grants (contributions)

    $115,869

  • 1f · All other contributions, gifts and grants

    $5,918,340

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,930,142 · excluded $1,930,142

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $15,760,149

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

    securities $13,571,732

  • 7c · Gain or loss

    securities $2,188,417 · other assets $0

  • 7d · Net gain or loss

    total $2,188,417 · excluded $2,188,417

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

    $0

  • 8b · Fundraising events: direct expenses

    $13,214

  • 8c · Net income from fundraising events

    total -$13,214 · excluded -$13,214

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,238,971 · program services $7,238,971

  • 7 · Other salaries and wages

    total $1,399,309 · program services $131,535 · management and general $666,071 · fundraising $601,703

  • 9 · Other employee benefits

    total $488,309 · program services $45,901 · management and general $232,435 · fundraising $209,973

  • 11c · Fees: accounting

    total $55,865 · program services $5,251 · management and general $26,592 · fundraising $24,022

  • 11f · Fees: investment management

    total $233,255 · management and general $233,255

  • 11g · Fees: other

    total $115,552 · program services $10,862 · management and general $55,003 · fundraising $49,687

  • 12 · Advertising and promotion

    total $48,350 · fundraising $48,350

  • 13 · Office expenses

    total $24,468 · program services $3,052 · management and general $7,462 · fundraising $13,954

  • 16 · Occupancy

    total $359,519 · program services $33,795 · management and general $171,131 · fundraising $154,593

  • 17 · Travel

    total $13,589 · program services $1,277 · management and general $6,469 · fundraising $5,843

  • 19 · Conferences, conventions and meetings

    total $33,715 · program services $3,169 · management and general $16,048 · fundraising $14,498

  • 22 · Depreciation, depletion and amortization

    total $131,073 · program services $12,321 · management and general $62,391 · fundraising $56,361

  • 24a · Other expenses: Fundraising

    total $52,487 · fundraising $52,487

  • 24b · Other expenses: Supplies

    total $7,876 · program services $740 · management and general $3,749 · fundraising $3,387

  • 24c · Other expenses: Dues and Subscriptions

    total $4,334 · program services $407 · management and general $2,063 · fundraising $1,864

  • 24e · All other expenses

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

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $328,043 · end of year $435,710

  • 3 · Pledges and grants receivable

    beginning of year $617,397 · end of year $960,226

  • 4 · Accounts receivable

    beginning of year $151,418 · end of year $126,340

  • 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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $84,891 · end of year $121,669

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

    $332,500

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $332,500 · end of year $332,500

  • 11 · Investments: publicly traded securities

    beginning of year $58,965,933 · end of year $65,403,417

  • 12 · Investments: other securities

    beginning of year $1,830,196

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $303,278 · end of year $17,492

  • 18 · Grants payable

    beginning of year $7,500

  • 19 · Deferred revenue

    beginning of year $493,727 · end of year $183,315

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $11,898 · end of year $11,383

  • 27 · Net assets without donor restrictions

    beginning of year $20,613,593 · end of year $22,210,827

  • 28 · Net assets with donor restrictions

    beginning of year $40,880,382 · end of year $44,956,845

Mission and programs · 2024

Mission

To generate philanthropic support to advance health.

Activities or mission (Part I)

The Foundation's purpose is to provide financial support for Spartanburg Regional Healthcare System (SRHS). The Foundation promotes health by funding specific projects that benefit the wellbeing of the community in accordance with donor-imposed restrictions. The Foundation also awards grants to SRHS and other community organizations whose focus is health and wellness.

  • Through grants and contributions from donors, Spartanburg Regional Foundation supports the health and wellbeing of the community. In FY25, the Foundation provided funding for more than 70 projects that promote health in accordance with donor designations. A small sample of the accomplishments achieved with these funds include: 1. Supported cancer research programs and purchase of cancer screening equipment. 2. Provided financial assistance to patients through various funds for help with prescriptions, medical equipment, education, and other needs while undergoing treatment. 3. Convened community partners to begin implementation of a comprehensive, community-wide behavioral health plan.

    Expenses $6,710,310 · Grants $6,462,000

  • Spartanburg Regional Foundation awards grants to areas of Spartanburg Regional Healthcare System from its unrestricted funds through an annual grant cycle. Just a few of the areas funded include: 1. Funding the culinary medicine program and teaching kitchen 2. Supporting initiatives to advance the patience experience through compassionate connected care. 3. Funding medication safety and education initiatives for patients

    Expenses $439,485 · Grants $439,485

  • Spartanburg Regional Foundation makes an impact on community health in the upstate of South Carolina by awarding grants to local nonprofit organizations. In FY25, The Foundation funded 13 community grants providing operational support to organizations that provide care to patients in Spartanburg, Cherokee, and Union Counties. The Foundation also continued its support for the Movement 2030 initiative.

    Expenses $337,486 · Grants $337,486

As filed on the 2024 return.

Listed in Part VII

  • Eliot Stone

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Jon A Jensen

    Immediate Past Chair

    Total calculated
    $0
    Hours/week
    1

  • Rita Allison

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Sally Spencer

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Andrew Falatok

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Fleming

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Young

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Frankie Harris

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Heather Allen

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Marjorie Boafo Appiah

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mary Jane Jennings

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Peter Moore

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Prema Samhat

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Robert Flandry

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Russell Booker

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • T Alexander Evins

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • David Church

    President (Retired 12/31/24)

    Total calculated
    $432,314
    From this org
    $342,557
    From related orgs
    $0
    Other
    $89,757
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $342,557
    Bonus
    $0
    Other
    $0
    Deferred
    $23,000
    Nontaxable benefits
    $66,757
    Filer's total
    $432,314

  • Polly Edwards-Padgett

    Executive Director

    Total calculated
    $170,289
    From this org
    $148,818
    From related orgs
    $0
    Other
    $21,471
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,818
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $21,471
    Filer's total
    $170,289

  • Amanda Herin

    Senior Director of Operations

    Total calculated
    $152,009
    From this org
    $126,581
    From related orgs
    $0
    Other
    $25,428
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,581
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $25,428
    Filer's total
    $152,009

  • Shelly Sinclair

    Senior Director of Philanthropy

    Total calculated
    $141,162
    From this org
    $124,664
    From related orgs
    $0
    Other
    $16,498
    Hours/week
    40

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 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 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

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

  • Spartanburg Academic Movement

    $214,285

    Movement 2030

  • SRHS

    $125,000

    Funding for culinary medicine and renovation of the teaching kitchen at the Gibbs Cancer Center at Pelham

  • SRHS

    $100,000

    Support for Compassionate Connected Care initiative to enhance patient experience

  • SRHS

    $82,000

    To fund licensing and support for the Unite Us community health referral system.

  • SRHS

    $32,000

    Funds to round out the purchase of a transport van for Woodruff Manor residents

  • SRHS

    $30,000

    Bridge funding to support healthcare student initiatives

  • SRHS

    $20,000

    Funding to finalize the completion of the Aycock Education Center.

  • Children's Advocacy Center of Spartanburg Cherokee and Union Counties Inc

    $15,000

    To support services to children who have been abused.

  • SRHS

    $15,000

    Funding to support the creation of a dedicated student room at Cherokee Medical Center

  • Spartanburg Area Conservancy

    $15,000

    To support the rehabilitation of the Upper Chinquapin Greenway for the enjoyment of the residents of the Hilltop neighborhood in Spartanburg and the Spartanburg Regional Hospice Home.

The 10 largest by cash amount. The API serves every itemized grant.

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.

  • Spartanburg Regional Health Services District

    Hospital · SC

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
9 February 2026
IRS schema version
2024v5.1
Source object
202610409349301916

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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