Richmond Memorial Health Foundation in Richmond, Virginia (VA)

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Richmond Memorial Health Foundation
Employer Identification Number (EIN)510211020
Name of OrganizationRichmond Memorial Health Foundation
Address4901 Libbie Mill East Blvd Ste 210, Richmond, VA 23230
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date07/1977
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$50,000,000 to greater
Income$5,000,000 to $9,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$218,549,513
Amount of Income$5,739,012
Form 990 Revenue Amount$3,437,639
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Single Organization Support


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Amount of income in 2014: $5,739,012
This organization: 

 $5,739,012
Other organizations performing similar types of work: 

 $6,088,020

Assets in 2014: $218,549,513
This organization: 

 $218,549,513
Other organizations performing similar types of work: 

 $26,323,448

Expenses in 2014: $4,330,837
Richmond Memorial Health Foundation: 

 $4,330,837
Other organizations performing similar types of work: 

 $1,941,347

Income to expenses ratio in 2014: 1.3
Richmond Memorial Health Foundation: 

 1.3
Other organizations performing similar types of work: 

 2.7

Expenses allocated to program services in 2007: 95.9%
This organization: 

 95.9%
Other organizations performing similar types of work: 

 84.3%

Employees paid over $50,000 in 2007: 66.7%
Richmond Memorial Health Foundation: 

 66.7%
Other organizations performing similar types of work: 

 40.0%

Grants share in income in 2014: 0.1%
Richmond Memorial Health Foundation: 

 0.1%
Other organizations performing similar types of work: 

 18.7%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Expenses for 2014

Analysis of Revenue and Expenses (for 2014)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$4,937,978$5,216,115$0
Contributions, gifts, grants, etc., received$5,134
Interest on savings and temporary cash investments$0
Dividends and interest from securities$973,757
Gross rents$0
Gross sales price for all assets$4,664,844
Gross profit from sales of goods$0
Other income$95,277
Other$3,863,810
Total expenses and disbursements$4,330,837$658,179$0$3,370,984
Compensation of officers, directors, trustees, etc.$178,700
Pension plans, employee benefits$146,451
Legal fees$13,280
Accounting fees$129,031
Interest$0
Depreciation$0
Occupancy$78,809
Travel, conferences, and meetings$34,541
Printing and publications$0
Total operating and administrative expenses$1,923,192$658,179$963,339
Contributions, gifts, grants paid$2,407,645
Excess of revenue over expenses and disbursements$607,141
Net investment income$4,557,936
Adjusted net income$0
Balance Sheets
201220132014
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$171,431,043$171,431,043$182,490,207$182,490,207$218,549,513$218,549,513
Cash - non-interest-bearing$341,729$671,221$934,941
Investments-U.S. and state government obligations$0$0$0
Investments-corporate stock$17,856,419$19,634,012$19,671,206
Investments-corporate bonds$0$0$0
Investments-mortgage loans$0$0$0
Investments-other$50,137,243$53,067,446$60,168,665
Other assets$109,100,000$137,762,000
Total liabilities$72,961$178,847$221,310
Mortgages and other notes payable$0$0$0
Other liabilities$0$0
Total liabilities and net assets/fund balances$171,358,082$182,311,360$218,328,203
Capital Gains and Losses for Tax on Investment Income
201220132014
Capital gain net income$1,210,388$2,008,692$3,863,810
Net capital loss$0$0$0
Excise Tax Based on Investment Income
201220132014
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$14,897$31,897$45,579
Total credits and payments$28,770$13,873$31,920
Current year estimated tax payments and previous year's overpayment credited to current year$28,770$13,873$31,920
Exempt foreign organizations-tax withheld at source$0$0$0
Tax paid with application for extension of time to file (Form 8868)$0$0$0
Backup withholding erroneously withheld$0$0$0
Any penalty for underpayment of estimated tax$0$13$0
Tax due$18,037$13,659
Overpayment$0$0
Amount to be credited to next year's estimated tax$13,873$0$0
Statements Regarding Activities
201220132014
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?NoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoYes
Has the foundation filed a tax return on Form 990-T for this year?YesYes
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?NoNoNo
Did any persons become substantial contributors during the tax year?NoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
201220132014
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?YesYesYes
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNo
Agree to pay money or property to a government official?NoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNo
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?NoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
201220132014
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$66,311,040$71,234,083$77,470,320
Net value of noncharitable-use assets$70,165,572$76,308,265
Minimum investment return$3,265,819$3,508,279$3,815,413
Distributable Amount
201220132014
Distributable amount$3,245,373$3,513,918$3,769,834
Undistributed Income
201220132014
Distributable amount for this year$3,245,373$3,513,918$3,769,834
Undistributed income for this year. This amount must be distributed in the next year$2,119,624$2,355,740$2,554,590
Private Operating Foundations (for 2011 - 2014)
2014201320122011Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
Supplementary Information (for 2014)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2014)
AmountRelated or exempt function income
Program service revenue
$0$95,200
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$0$0
Dividends and interest from securities$973,757$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2014)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$9,998,787$4,455,328$5,685,266$12,182,856$5,225,004$3,764,119$4,703,298$3,437,639
Contributions, gifts, grants, and similar amounts received$124,040$115,189$112,759$89,871$0$0$0$160,000
Contributions to donor advised funds$0$0
Direct public support$124,040$115,189$112,759$89,871$0$0$0$160,000
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$0$0$0$0$0$0$0$0
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$0$0$1,247,176$1,346,803$720,050$585,233$902,088$679,114
Dividends and interest from securities$1,651,129$1,371,893$0$0$579,019$561,304$488,690$889,218
Net rental income or (loss)$0$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$7,687,000$9,178,000$96,183$165,368$496,721$717,736
Gain or (loss) from sales of assets other than inventory$2,922,961$-4,413,081$-3,451,123$1,554,321$3,829,752$2,452,214$2,815,799$991,571
Gross amount from sales of assets other than inventory$103,182,816$68,408,369$64,265,236$66,112,676$99,517,731$92,647,890$45,892,709$44,487,790
Less: cost or other basis and sales expenses$100,259,855$72,821,450$67,716,359$64,558,355$95,687,979$90,195,676$43,076,910$43,496,219
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$5,300,657$7,381,327$89,454$13,861$0$0$0$0
Total expenses$1,279,687$1,052,905$1,584,619$1,246,005$2,158,335$3,078,053$1,567,983$3,161,683
Program services$1,180,734$949,685$1,504,521$1,200,305$2,097,043$3,010,555$1,490,983$3,031,915
Management and general$98,953$103,220$80,098$45,700$61,292$67,498$77,000$129,768
Fundraising$0$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$75,374,946$78,060,260$93,744,593$107,718,494$119,860,169$125,086,859$150,347,934$152,604,340
Excess or (deficit) for the year$8,719,100$3,402,423$4,100,647$10,936,851$3,066,669$686,066$3,135,315$275,956
Net assets or fund balances at beginning of year$76,820,183$75,374,946$78,060,260$93,744,593$107,718,494$119,860,169$125,086,859$150,347,934
Other changes in net assets or fund balances$-10,164,337$-717,109$11,583,686$3,037,050$9,075,006$4,540,624$22,125,760$1,980,450
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$3,161,683$3,031,915$129,768$0
Grants paid from donor advised funds$0
Other grants and allocations$2,245,278
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$136,987$123,288$13,699$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$102,166$66,408$35,758$0
Pension plan contributions not included above$15,500$13,950$1,550$0
Employee benefits not included above$28,208$18,335$9,873$0
Payroll taxes$15,876$12,335$3,541$0
Professional fundraising fees$0$0$0$0
Accounting fees$14,505$10,444$4,061$0
Legal fees$41,822$30,112$11,710$0
Supplies$4,421$3,183$1,238$0
Telephone$4,059$2,922$1,137$0
Postage and shipping$1,049$755$294$0
Occupancy$61,857$44,537$17,320$0
Equipment rental and maintenance$10,095$7,268$2,827$0
Printing and publications$0$0$0$0
Travel$16,271$11,715$4,556$0
Conferences, conventions, and meetings$8,194$6,637$1,557$0
Interest$0$0$0$0
Depreciation, depletion, etc.$348$251$97$0
Other expenses not covered above$455,047$434,497$20,550$0
Balance Sheets
20002001200220032004200520062007
Total assets$84,155,533$86,669,167$93,749,361$107,727,880$119,870,117$125,099,124$150,378,536$152,692,240
Cash - non-interest-bearing$30,931$71,965$47,672$24,704$36,502$53,987$102,343$115,651
Savings and temporary cash investments$0$0$0$0$0$0$0$0
Accounts receivable less allowance for doubtful accounts$113,352$23,896$0$0$0$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$4,523,119$4,101,748$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$3,296$599$92,571$589$349$580$0$8,829
Investments - publicly-traded securities$44,985,689$43,782,799
Investments - other securities$54,370,322$50,584,561$50,158,517$54,862,544$42,405,765$42,948,597$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$24,881,000$31,735,000$39,422,000$48,600,000$14,657,676$17,150,764$23,037,675$21,690,100
Land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$4,589
Other assets, including program-related investments$233,513$151,398$4,028,601$4,240,043$62,769,825$64,945,196$82,252,829$87,090,272
Total liabilities$8,780,587$8,608,907$4,768$9,386$9,948$12,265$30,602$87,900
Accounts payable and accrued expenses$215,081$4,469$4,768$9,386$9,948$12,265$25,602$87,900
Grants payable$106,045$0$0$0$0$0$5,000$0
Deferred revenue$4,828$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$7,200,000$0$0$0$0$0$0$0
Other liabilities$1,254,633$8,604,438$0$0$0$0$0$0
Total liabilities and net assets/fund balances$84,155,533$86,669,167$93,749,361$107,727,880$119,870,117$125,099,124$150,378,536$152,692,240
Total net assets or fund balances$75,374,946$78,060,260$93,744,593$107,718,494$119,860,169$125,086,859$150,347,934$152,604,340
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$9,998,787$4,455,328$5,685,266$12,182,856$5,225,004$3,764,119$4,703,298$3,437,639
Total revenue, gains, and other support per audited financial statements$20,163,124$4,605,133$5,808,000$15,219,906$14,300,010$8,304,743$26,829,058$-14,911
Other expenses$10,164,337$149,805$0$3,037,050$9,075,006$4,610,461$22,452,294$-2,915,037
Net unrealized gains on investments$10,164,337$0$0$3,037,050$-680,994$2,412,461$6,076,294$-2,915,038
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$149,805$0$0$9,756,000$2,198,000$16,376,000$0
Other revenue$0$0$-122,734$0$0$69,837$326,534$537,512
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$-122,734$0$0$69,837$326,534$537,512
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$1,279,687$1,052,905$1,584,619$1,246,005$2,158,335$3,078,053$1,567,983$3,161,683
Total expenses and losses per audited financial statements$1,279,687$1,770,014$1,707,353$1,246,005$2,158,335$3,078,053$1,567,983$3,161,683
Other revenue$0$717,109$122,734$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$717,109$0$0$0$0$0$0
Other$0$0$122,734$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$136,987$15,500$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings19
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20063
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$3,277,639$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$679,114$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$889,218$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$717,736$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$991,571$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$66,000$9,865$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isNot controlled by disqualified persons/supports non private foundation
Type of supporting organizationType III
Information about the supported organizations
Employer identification number (EIN)Name of organizationType of organizationIs the supported organization listed in the supporting organization's governing documents?Amount of support
541744931Bon Secours Memorial Regional Medical Center IncYes$750,800
540578101Richmond Memorial HospitalYes$0
Total$750,800
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
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1Mayo Clinic200 1st St Sw, Rochester, MN 55905-0001MN2000-02$1,968,797,516
2Boston Medical Center Health Plan Inc2 Copley Place, Boston, MA 02116-6502MA2000-07$1,372,748,755
3Inova Health System Foundation, Fairfax Hospital Foundation8110 Gatehouse Rd Ste 400w, Falls Church, VA 22042-1254VA1978-05$558,737,656
4Sheltering Arms Foundation8254 Atlee Rd, Mechanicsvlle, VA 23116-1844VA1992-09$50,229,418
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Number of organizations performing similar types of work
Alaska1
Alabama5
Arkansas5
Arizona2
California36
Colorado8
Connecticut10
District of Columbia2
Delaware1
Florida18
Georgia5
Hawaii3
Iowa10
Idaho2
Illinois25
Indiana10
Kansas5
Kentucky4
Louisiana9
Massachusetts13
Maryland18
Maine6
Michigan12
Minnesota7
Missouri13
Mississippi3
North Carolina15
North Dakota1
Nebraska5
New Hampshire1
New Jersey14
New Mexico2
Nevada1
New York27
Ohio37
Oklahoma3
Oregon2
Pennsylvania30
Rhode Island9
South Carolina3
South Dakota2
Tennessee5
Texas22
Virginia18
Washington9
Wisconsin6
West Virginia5
Total450

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