Civic Intelligence

Prisma Health Midlands Foundation F/K/A Palmetto Health Foundation

EIN 57-0725699 • 501(c)3 • Columbia, SC

Profile

To promote awareness of palmetto health's programs and services and to strengthen the quality of healthcare for the people served by palmetto health through the use of the highest standards of philanthropy.

1600 Marion StreetColumbia, SC 29201

www.palmettohealthfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

9th percentile

0.01x

Higher debt load relative to assets than 9% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Liabilities / Revenue

10th percentile

0.03x

Higher debt load relative to revenue than 10% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Net Margin

95th percentile

72%

Higher net margin than 95% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

84th percentile

22%

Faster asset growth than 84% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2025

Revenue Growth

80th percentile

27%

Faster revenue growth than 80% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2025

Assets

Up

$61,619,981

Up $9,975,402 (+19%) from 2024

Liabilities

Up

$386,290

Up $15,464 (+4.2%) from 2024

Net Assets

Up

$61,233,691

Up $9,959,938 (+19%) from 2024

Revenue

Up

$11,712,574

Up $3,973,732 (+51%) from 2024

Expenses

Down

$3,291,836

Down $237,223 (-6.7%) from 2024

Net Income

Up

$8,420,738

Up $4,210,955 (+100%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2011: $26,002,954Liabilities 2011: $2,498,256Net Assets 2011: $23,504,6982011Assets 2012: $29,134,986Liabilities 2012: $2,686,886Net Assets 2012: $26,448,1002012Assets 2013: $31,029,907Liabilities 2013: $2,873,687Net Assets 2013: $28,156,2202013Assets 2014: $31,793,514Liabilities 2014: $2,664,395Net Assets 2014: $29,129,1192014Assets 2015: $31,785,717Liabilities 2015: $2,445,070Net Assets 2015: $29,340,6472015Assets 2016: $32,171,444Liabilities 2016: $2,788,560Net Assets 2016: $29,382,8842016Assets 2017: $35,004,409Liabilities 2017: $2,529,447Net Assets 2017: $32,474,9622017Assets 2018: $37,700,349Liabilities 2018: $2,310,578Net Assets 2018: $35,389,7712018Assets 2019: $35,792,703Liabilities 2019: $2,047,375Net Assets 2019: $33,745,3282019Assets 2020: $33,752,067Liabilities 2020: $304,727Net Assets 2020: $33,447,3402020Assets 2021: $38,026,975Liabilities 2021: $371,954Net Assets 2021: $37,655,0212021Assets 2022: $35,337,492Liabilities 2022: $1,048,438Net Assets 2022: $34,289,0542022Assets 2023: $41,649,222Liabilities 2023: $651,366Net Assets 2023: $40,997,8562023Assets 2024: $51,644,579Liabilities 2024: $370,826Net Assets 2024: $51,273,7532024Assets 2025: $61,619,981Liabilities 2025: $386,290Net Assets 2025: $61,233,6912025

Highlighted filing

2025

Assets$61,619,981
Liabilities$386,290
Net Assets$61,233,691

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2011: $5,724,4372011Expenses 2012: $4,913,7452012Expenses 2013: $5,668,4582013Revenue 2014: $6,840,773Expenses 2014: $5,694,453Net Income 2014: $1,146,3202014Revenue 2015: $8,725,708Expenses 2015: $7,874,903Net Income 2015: $850,8052015Revenue 2016: $7,256,726Expenses 2016: $8,212,008Net Income 2016: -$955,2822016Revenue 2017: $6,961,432Expenses 2017: $6,647,464Net Income 2017: $313,9682017Revenue 2018: $11,293,362Expenses 2018: $7,535,862Net Income 2018: $3,757,5002018Revenue 2019: $8,262,104Expenses 2019: $8,837,066Net Income 2019: -$574,9622019Revenue 2020: $7,827,895Expenses 2020: $9,361,716Net Income 2020: -$1,533,8212020Revenue 2021: $5,046,878Expenses 2021: $5,607,835Net Income 2021: -$560,9572021Revenue 2022: $3,423,546Expenses 2022: $2,804,533Net Income 2022: $619,0132022Revenue 2023: $7,235,516Expenses 2023: $1,997,147Net Income 2023: $5,238,3692023Revenue 2024: $7,738,842Expenses 2024: $3,529,059Net Income 2024: $4,209,7832024Revenue 2025: $11,712,574Expenses 2025: $3,291,836Net Income 2025: $8,420,7382025

Highlighted filing

2025

Revenue$11,712,574
Expenses$3,291,836
Net Income$8,420,738

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$61.6$0.39$61.2$11.7$3.29$8.42
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$51.6$0.37$51.3$7.74$3.53$4.21
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$41.6$0.65$41.0$7.24$2.00$5.24
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.3$1.05$34.3$3.42$2.80$0.62
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.0$0.37$37.7$5.05$5.61$0.56
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.8$0.30$33.4$7.83$9.36$1.53
2019Summary only. Only limited summary data is available for this year.$35.8$2.05$33.7$8.26$8.84$0.57
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.7$2.31$35.4$11.3$7.54$3.76
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.0$2.53$32.5$6.96$6.65$0.31
2016Detailed filing. Detailed filing data is available for this year.$32.2$2.79$29.4$7.26$8.21$0.96
2015Detailed filing. Detailed filing data is available for this year.$31.8$2.45$29.3$8.73$7.87$0.85
2014Detailed filing. Detailed filing data is available for this year.$31.8$2.66$29.1$6.84$5.69$1.15
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.0$2.87$28.2$5.67
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.1$2.69$26.4$4.91
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.0$2.50$23.5$5.72
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2024 to Sep 30, 2025
Signed
Feb 3, 2026
Return Version
2024v5.5
Gross Receipts
$14,026,937
Mission and Program Overview

Mission

To promote awareness of palmetto health's programs and services and to strengthen the quality of healthcare for the people served by palmetto health through the use of the highest standards of philanthropy.

The foundation exists to support the mission and purposes of prisma health and its related activities. This is accomplished by building awareness of key health issues in the community and developing financial resources for prisma health to use in addressing such issues.the initiatives of the foundation are linked to the strategic plan of prisma health and measured to improve the physical, emotional, and spiritual health of our community. We share this fundamental commitment in improving the human condition in our community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$43,266,787$48,175,903▲ $4,909,116
Investments Other Securities$4,234,154$4,386,752▲ $152,598
Pledges and Grants Receivable$284,908$4,320,789▲ $4,035,881
Savings and Temporary Cash Investments$2,744,403$3,382,469▲ $638,066
Cash and Non-Interest-Bearing Accounts$714,184$957,451▲ $243,267
Prepaid Expenses and Deferred Charges$335,701$325,546▼ $10,155
Accounts Receivable$35,161$17,813▼ $17,348
Land, Buildings, and Equipment, Net$108$15,829▲ $15,721
Total Assets$51,644,579$61,619,981▲ $9,975,402
Other Assets Total$29,173$37,429▲ $8,256
Liabilities
Deferred Revenue$243,902$334,872▲ $90,970
Accounts Payable and Accrued Expenses$126,924$51,418▼ $75,506
Total Liabilities$370,826$386,290▲ $15,464
Net Assets / Fund Balance
Net Assets With Donor Restrictions$35,992,721$44,180,835▲ $8,188,114
Net Assets Without Donor Restrictions$15,281,032$17,052,856▲ $1,771,824
Total Net Assets Fund Balance$51,273,753$61,233,691▲ $9,959,938
Total Liabilities and Net Assets / Fund Balance$51,644,579$61,619,981▲ $9,975,402

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$15,829$562,163$577,992
Other Securities$4,386,752--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$23,142,722$5,000,000▲ $1,250,440$-540,832$28,852,330
2023$18,288,154-▲ $4,443,859$-410,709$23,142,722
2022$16,804,452-▲ $1,978,299$494,597$18,288,154
2021$20,339,905$5,181▼ $3,201,098$339,536$16,804,452
2020$18,209,946$348,275▲ $3,574,677$1,792,993$20,339,905
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeffery FawExecutive DirectorFT$252,820$16,972$269,792
Katherine W DavisSr. Philanthropic RelationFT$139,589$12,382$151,971
Latrina Jeffery CrumDirector of FinanceFT$107,511$11,391$118,902

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Lynne PitzerFinancial Consulting Services11511 MILLER ROAD, Pineville, NC 28134$101,500
Revenue and Support

Revenue Composition

Contributions and Grants
$8,586,610
Program Service Revenue
$0
Investment Income
$2,233,953
Other Revenue
$892,011
All Other Contributions
$6,496,651
Change in Net Assets
$8,420,738

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported AmountValuation Method
Clothing and Household Goods$32,300Fair Market Value (FMV)
Total Noncash Contributions$32,300-

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,563,565
Revenue Not Reported on Financial Statements
$149,009
Revenue Not Reported on Form 990
$3,645,090
Total Revenue per Audited Statements
$15,208,655
Total Revenue per Form 990
$11,712,574
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,361,182
Salaries, Compensation, and Employee Benefits$1,534,849
Total Fundraising Expense$273,745
Professional Fundraising Fees$0
Other Expenses$-604,195

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,361,182--$2,361,182
Other Salaries and Wages$484,668$186,225$427,131$1,098,024
Current Officers, Directors, Trustees, and Key Employees$109,070$41,908$96,122$247,100
Fees for Service Investment Mgmnt Fees$65,773$25,272$57,965$149,010
Information Technology$28,450$20,076$42,409$90,935
Payroll Taxes$26,704$18,844$39,807$85,355
Fees for Services Other$22,451$15,842$33,467$71,760
Depreciation Depletion$1,229$66,617$1,832$69,678
Other Employee Benefits$26,542$10,198$23,391$60,131
Pension Plan Contributions$19,527$7,503$17,209$44,239
Office Expenses$6,933$4,892$10,335$22,160
Insurance$2,828$1,996$4,216$9,040
Other Expenses$2,761$1,948$4,115$8,824
All Other Expenses$-598,250$-390,491$-824,900$-1,813,641
Total Functional Expenses$2,869,359$148,732$273,745$3,291,836

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,248,717
Total Expenses per Form 990$3,291,836
Expenses per Audited Statements$3,142,827
Expenses Not Reported on Form 990$2,105,890
Expenses Not Reported on Financial Statements$149,009
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Prisma HealthColumbia, SC501(c)(3)Program Support$2,361,182
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$559,134
Fundraising Direct Expenses$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Childrens Miracle Network$1,651,477---
Walk for Life$391,346$184,881-$184,881
Total Events$2,649,093$559,134-$559,134
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Lynne PitzerLynne Pitzer Was CFO of the Organization and Now Performs Accounting Work.LYNNE PFTIZER WAS CFO OF THE ORGANIZATION AND NOW PERFORMS ACCOUNTING WORK FOR THE ORGANIZATION AS A CONTRACTOR. ALL WORK WAS PERFORMED AT ARM'S LENGTH AND FAIR MARKET VALUE.No$101,500
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
Yes
Material changes to governing documents
No
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 B, Line 11B

Prior to filing, a draft of the form 990 is emailed to the finance committee with the opportunity for questions or objections. A quorum for approval to recommend the form 990 to board for review is obtained by the given deadline. A draft of the form 990 is also emailed to the board members to review and submit any questions and concerns. If they did not submit an objection by the deadline, it was considered approved. The board members are given 5 working days to respond.

Form 990, Part VI, Section B, Line 12C

Board members and employees will renew conflict of interest and confidentiality agreements annually beginning with the first board meeting of each calendar year. In the event a potential conflict of interest shall arise during the year, the interested person shall recuse himself/herself from all discussions and vote on the matter.

Form 990, Part VI, Section B, Line 15

Compensation of executives and all key employees is determined based on performance and board reviews. Executive director compensation is decided at the board of directors' level and is based on experience and market demand as well as performance and board reviews. Officer's compensation is determined based on performance and executive director reviews. All decisions are documented.

Form 990, Part VI, Section C, Line 19

Form 990 is posted on the organization's website as a pdf file once the form 990 is filed and accepted. The financial statements and governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Prisma Health Midlands Foundation
EIN
57-0725699
Phone
8034347275
Address
1600 MARION STREET, COLUMBIA, SC 29201

Signing Officer

Name
Jeffery Faw
Title
Executive Director
Phone
8034347275
Signed
2026-02-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffery Faw
Formed
2000
Legal Domicile
Sc
Voting Board Members
21
Independent Board Members
21
Employees
19
Volunteers
237

Preparer

Firm
Elliott Davis Advisory LLC
Address
500 EAST MOREHEAD STREET SUITE 700, CHARLOTTE, NC 28202
Preparer
Janice a Ratica
Phone
7043338881
Supplemental Narrative

Additional Explanations

FORM 990, PART V, LINE 2B:

The foundation has an employee leasing agreement under which all foundation personnel are leased from an outside agency. The agency handles all payroll administration and related matters in exchange for a monthly fee.

Form 990, Part XII, Line 2C

Process has not changed from the prior year.

Financial Statement Notes

PART V, LINE 4:

The foundation uses its endowment funds to support its mission of promoting awareness and strengthening the quality of healthcare for the people served by prisma health.

PART X, LINE 2:

Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the foundation and recognize a tax liability (or asset) if the foundation has taken an uncertain position that more likely than not would not be substantiated upon examination by the internal revenue service. Management has analyzed the tax positions taken by the foundation, and has concluded that as of september 30, 2025, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Reimbursements received from palmetto health 1,800,000. Direct cost of rental reported net against revenue 137,735.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Direct cost of rental reported net against revenue 137,735. Reimbursements received from palmetto health 1,800,000.

Raw XML AppendixShowing 400 of 787 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0THE FOUNDATION EXISTS TO SUPPORT THE MISSION AND PURPOSES OF PRISMA HEALTH AND ITS RELATED ACTIVITIES. THIS IS ACCOMPLISHED BY BUILDING AWARENESS OF KEY HEALTH ISSUES IN THE COMMUNITY AND DEVELOPING FINANCIAL RESOURCES FOR PRISMA HEALTH TO USE IN ADDRESSING SUCH ISSUES.THE INITIATIVES OF THE FOUNDATION ARE LINKED TO THE STRATEGIC PLAN OF PRISMA HEALTH AND MEASURED TO IMPROVE THE PHYSICAL, EMOTIONAL, AND SPIRITUAL HEALTH OF OUR COMMUNITY. WE SHARE THIS FUNDAMENTAL COMMITMENT IN IMPROVING THE HUMAN CONDITION IN OUR COMMUNITY.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
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IRS990/Form990PartVIISectionAGrp/PersonNm1KATHERINE W DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm2LATRINA JEFFERY CRUM
IRS990/Form990PartVIISectionAGrp/PersonNm3STEPHANIE JONES
IRS990/Form990PartVIISectionAGrp/PersonNm4SCOTT JONES
IRS990/Form990PartVIISectionAGrp/PersonNm5MICHAEL MONTGOMERY
IRS990/Form990PartVIISectionAGrp/PersonNm6MICHAEL STACHOWIAK
IRS990/Form990PartVIISectionAGrp/PersonNm7JULIAN KIM
IRS990/Form990PartVIISectionAGrp/PersonNm8BILL DUDA
IRS990/Form990PartVIISectionAGrp/PersonNm9JILL SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm10JOHN HUDGENS
IRS990/Form990PartVIISectionAGrp/PersonNm11ALAN KAHN
IRS990/Form990PartVIISectionAGrp/PersonNm12COLES DWIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm13CARA FLORENCE
IRS990/Form990PartVIISectionAGrp/PersonNm14SEAN HART
IRS990/Form990PartVIISectionAGrp/PersonNm15JASON HAWN
IRS990/Form990PartVIISectionAGrp/PersonNm16WILL HOLMES
IRS990/Form990PartVIISectionAGrp/PersonNm17SARA WORTMAN
IRS990/Form990PartVIISectionAGrp/PersonNm18KAREN YIP
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IRS990/Form990PartVIISectionAGrp/PersonNm22SAMER ABRAHAM
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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1SR. PHILANTHROPIC RELATION
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR OF FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt20TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt21CHAIR ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt22CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt23IMMEDIATE PAST CHAIR
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IRS990/FormationYr02000
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IRS990/FSAuditedInd01
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IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0TO PROMOTE AWARENESS OF PRISMA HEALTH'S PROGRAMS AND SERVICES AND TO STRENGTHEN THE QUALITY OF HEALTHCARE FOR THE PEOPLE SERVED BY PRISMA HEALTH THROUGH THE USE OF THE HIGHEST STANDARDS OF PHILANTHROPY.
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt018844

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