Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Salem Regional Medical Center Foundation
EIN 46-2902698 • 501(c)3 • Salem, OH
Profile
The Charitable Foundation for Salem Community Hospital (the Foundation) supports Salem Community Hospital's (dba Salem Regional Medical Center) mission of providing advanced technology, new services and programs to meet the health needs of residents in Columbiana and southern Mahoning counties. Salem Regional Medical Center's (SRMC) services provided include inpatient and outpatient medical and surgical care, orthopedics, oncology and intensive care along with a full-time 24 hour Emergency Department.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
62nd percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
31st percentile
Higher net margin than 31% of similar nonprofits.
Top Officer Pay
100th percentile
Higher top officer pay than 100% of similar nonprofits.
Top officer pay equals 156.7% of source-year revenue.
Asset Growth
10th percentile
Faster asset growth than 10% of similar nonprofits.
Revenue Growth
99th percentile
Faster revenue growth than 99% of similar nonprofits.
Balance Sheet
Assets
Down$0
Down $320,641 (-100%) from 2023
Liabilities
Down$0
Down $534,974 (-100%) from 2023
Net Assets
Up$0
Up $214,333 (+100%) from 2023
Revenue
Up$327,304
Up $298,082 (+1020%) from 2023
Expenses
Up$357,926
Up $233,297 (+187%) from 2023
Net Income
Up-$30,622
Up $64,785 (+68%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $0
- Liabilities
- $0
- Net assets
- $0
- Revenue
- $327,304
- Expenses
- $357,926
- Net income
- -$30,622
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2023 to Jun 30, 2024
- Signed
- May 8, 2025
- Return Version
- 2023v6.0
- Gross Receipts
- $354,027
Mission and Program Overview
Mission
The Charitable Foundation for Salem Community Hospital (the Foundation) supports Salem Community Hospital's (dba Salem Regional Medical Center ) mission of providing advanced technology, new services and programs to meet the health needs of residents in Columbiana and southern Mahoning counties. Salem Regional Medical Center's (SRMC) services provided include inpatient and outpatient medical and surgical care, orthopedics, intensive care and a 15-bed skilled nursing facility; along with a full-time 24-hour Emergency Department.
The Charitable Foundation for Salem Community Hospital (the Foundation) supports Salem Community Hospital's (dba Salem Regional Medical Center) mission of providing advanced technology, new services and programs to meet the health needs of residents in Columbiana and southern Mahoning counties. The significant activities of the foundation are conducting capital campaigns and fundraising events. Salem Regional Medical Center's (SRMC) services provided include inpatient and outpatient medical and surgical care, orthopedics, oncology, neurology, and intensive care along with a full-time 24-hour Emergency Department.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments Other Securities | $215,733 | $0 | ▼ $215,733 |
| Cash and Non-Interest-Bearing Accounts | $104,908 | $0 | ▼ $104,908 |
| Total Assets | $320,641 | $0 | ▼ $320,641 |
| Liabilities | |||
| Other Liabilities | $480,444 | - | - |
| Deferred Revenue | $54,530 | - | - |
| Total Liabilities | $534,974 | $0 | ▼ $534,974 |
| Net Assets / Fund Balance | |||
| Net Assets With Donor Restrictions | $0 | $0 | → $0 |
| Net Assets Without Donor Restrictions | $-214,333 | $0 | ▲ $214,333 |
| Total Net Assets Fund Balance | $-214,333 | $0 | ▲ $214,333 |
| Total Liabilities and Net Assets / Fund Balance | $320,641 | $0 | ▼ $320,641 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| William F Young Ed D | Chair |
| Anita Hackstedde MD | President |
| Lynn Scullion OD | Vice-Chair |
| Michael Giangardella | Former Treasurer |
| Terry Criss | Secretary |
| Kimberly Jenkins | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $312,793
- Program Service Revenue
- $0
- Investment Income
- $11,862
- Other Revenue
- $2,649
- All Other Contributions
- $258,150
- Change in Net Assets
- $-30,622
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $251,585 |
| Salaries, Compensation, and Employee Benefits | $101,657 |
| Other Expenses | $4,684 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $251,585 | - | - | $251,585 |
| Other Salaries and Wages | $82,859 | - | - | $82,859 |
| Other Employee Benefits | $9,148 | - | - | $9,148 |
| Payroll Taxes | $6,257 | - | - | $6,257 |
| Pension Plan Contributions | $3,393 | - | - | $3,393 |
| Fees for Services Other | $2,526 | - | - | $2,526 |
| All Other Expenses | $2,158 | - | - | $2,158 |
| Total Functional Expenses | $357,926 | $0 | $0 | $357,926 |
International Activity
Grant and Assistance Recipients
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Salem Community Hospital | Salem, OH | 501(c)(3) | The sole purpose of this charitable foundation is to support the related hospital (Salem Regional Medical Center) by conducting capital campaigns and fundraising events in order to further the mission of the related hospital. More specifically, the grant of $251,585 listed was direct support for the SRMC surgery and outpatient pavilion. | $251,585 |
Fundraising, Events, and Gaming
- Fundraising activities
- Yes
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Fundraising Gross Income | $29,372 |
| Fundraising Direct Expenses | $26,723 |
| Professional Fundraising Fees | $0 |
Fundraising Events
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Gala | $52,772 | $17,972 | $15,600 | $2,372 |
| Golf Outing | $31,243 | $11,400 | $11,123 | $277 |
| Total Events | $84,015 | $29,372 | $26,723 | $2,649 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- Yes
- Backup withholding compliance
- Yes
- Business relationship with 35% controlled entity
- No
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- Yes
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- Yes
- Other officer compensation reviewed
- Yes
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- Yes
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section A, Line 4
“The Board of Directors approved to cease operations of the Charitable Foundation of Salem Community Hospital (dba Salem Regional Medical Center) and transfer the fundraising activities to Salem Regional Medical Center (SRMC). As a result, all assets and outstanding liabilities were transferred to SRMC.”
Form 990, Part VI, Section B, Line 11B
“The 990 is reviewed by the Board of Directors prior to filing. The members are notified when the completed return is available for review on the secure portal.”
Form 990, Part VI, Section B, Line 12C
“Each member of the governing body, along with the Administrative staff, are required to review and disclose conflicts of interest in accordance with the governing body's Code of Regulations. On an annual basis, Directors and Key Employees disclose potential business or professional relationships they may have with the Organization and/or other Director/Key Employees. In situations when a Director may have a conflict, they may participate in the discussion but must leave the room prior to final discussion and vote.”
Form 990, Part VI, Section B, Line 15
“The President's and Treasurer's compensation is determined by the Board of Directors of Salem Regional Medical Center (the related organization) based upon the recommendation of the Board's Executive Committee both of which are comprised entirely of non-employee board members. The committee evaluates market data through formal statewide surveys as well as targeted regional survey data. The compensation is then established by a written employment contract and approval by the board. The President's and Treasurer's compensation is paid by and through Salem Regional Medical Center (the related organization).”
Form 990, Part VI, Section C, Line 19
“Yes, these were made available upon request.”
Filing and Contact Details
Filer
- Filer Name
- The Charitable Foundation of Salem Community Hospital
- EIN
- 46-2902698
- Phone
- 3303327245
- Address
- 1995 E State Street, Salem, OH 44460
Signing Officer
- Name
- Anita Hackstedde
- Title
- CEO/President
- Phone
- 3303327214
- Signed
- 2025-05-08
Organization Details
- Principal Officer
- Dr Anita Hackstedde MD
- Formed
- 2013
- Legal Domicile
- Oh
- Voting Board Members
- 3
- Independent Board Members
- 3
- Employees
- 0
- Volunteers
- 0
Supplemental Narrative
Additional Explanations
Form 990, Part III, Line 3
“The sole purpose of the foundation was to support the related hospital-Salem Regional Medical Center. The Board of Directors approved to cease operations of the Salem Regional Medical Center Foundation and transfer the fundraising activities to Salem Regional Medical Center (SRMC). All assets and outstanding liabilities were transferred to SRMC.”
Form 990, Part IX, Line 11G
“Purchased Services”
Form 990, Part IX, Line 24E
“Supplies, travel/conference/education. fundraising promotion expenses”
Form 990, Part XI, Line 9
“The sole purpose of this foundation was to support the related hospital-Salem Regional Medical Center. The net assets and liabilities were absorbed by the hospital at year end due to ceased operations of the foundation as approved by the board of directors.”
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| IRS990/MissionDesc | 0 | The Charitable Foundation for Salem Community Hospital (the Foundation) supports Salem Community Hospital's (dba Salem Regional Medical Center) mission of providing advanced technology, new services and programs to meet the health needs of residents in Columbiana and southern Mahoning counties. Salem Regional Medical Center's (SRMC) services provided include inpatient and outpatient medical and surgical care, orthopedics, oncology, neurology, and intensive care along with a full-time 24-hour Emergency Department. |
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| IRS990/PYTotalExpensesAmt | 0 | 137303 |
| IRS990/PYTotalRevenueAmt | 0 | 41896 |
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| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt | 0 | Salem Community Hospital |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
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| IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm | 0 | Golf Outing |
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| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt | 0 | 29372 |
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| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 0 | 501(c)(3) |
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| IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc | 0 | N/A |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | The sole purpose of this charitable foundation is to support the related hospital (Salem Regional Medical Center) by conducting capital campaigns and fundraising events in order to further the mission of the related hospital. More specifically, the grant of $251,585 listed was direct support for the SRMC surgery and outpatient pavilion. |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 0 | Salem Community Hospital |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt | 0 | dba Salem Regional Medical Center |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 0 | 341041385 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | 1995 E State St |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 0 | Salem |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 0 | OH |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 0 | 44460 |
| IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc | 0 | Book |
| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | The sole purpose of this charitable foundation is to support the related hospital (Salem Regional Medical Center) by conducting capital campaigns and fundraising events in order to further the mission of the related hospital. More specifically, the grant of $251,585 listed in Part IX, line 1 was direct support for the SRMC surgery and outpatient pavilion. The procedures used to monitor the use of this grant include board review and approval of expenses and items incurred/paid by Salem Regional Medical Center for the SRMC surgery and outpatient pavilion. |
| IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Schedule I, Part I, Line 2 |
| IRS990ScheduleI/Total501c3OrgCnt | 0 | 1 |
| IRS990ScheduleI/TotalOtherOrgCnt | 0 | 0 |
| IRS990ScheduleJ/AnyNonFixedPaymentsInd | 0 | 0 |
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| IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd | 0 | 0 |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | 0 |
| IRS990ScheduleJ/InitialContractExceptionInd | 0 | 0 |
| IRS990/ScheduleJRequiredInd | 0 | 1 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 2 | 0 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 2 | 0 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 2 | 125509 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt | 2 | 0 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt | 2 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt | 2 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 0 | 15095 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 1 | 9044 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 2 | 5348 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt | 2 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 0 | 16546 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 1 | 20136 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 2 | 9670 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 2 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 0 | 8000 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 2 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | Anita Hackstedde MD |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 1 | Kimberly Jenkins |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 2 | Michael Giangardella |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | President |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 1 | Treasurer |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 2 | Former Treasurer |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 2 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 0 | 512748 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 1 | 219871 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 2 | 140527 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | 0 |
| IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt | 0 | The compensation of the CEO/Executive Director is paid by and through the related organization (Salem Community Hospital dba Salem Regional Medical Center). The hospital establishes the compensation of the CEO/Executive Director by a written employment contract and approval by the board or compensation committee. |
| IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Schedule J, Part I, Line 3 |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | 0 |
| IRS990ScheduleN/AssetsDistributedInd | 0 | 1 |
| IRS990ScheduleN/AttorneyGeneralNotifiedInd | 0 | 1 |
| IRS990ScheduleN/BondsOutstandingInd | 0 | 0 |
| IRS990ScheduleN/DirectorOfSuccessor2Ind | 0 | 0 |
| IRS990ScheduleN/DirectorOfSuccessorInd | 0 | 0 |
| IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc | 0 | Unrestricted investments |
| IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt | 0 | Salem Community Hospital |
| IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine2Txt | 0 | dba Salem Regional Medical Center |
| IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt | 0 | 2024-06-30 |
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