Civic Intelligence

Mcleod Medical Center Foundation

990 • Fiscal year 2017 • EIN 57-0818672

Oct 01, 2016 to Sep 30, 2017 • Filed on Aug 16, 2018

PO Box 100551Florence, SC 29506

(843) 777-2256

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$14,316,030

Flat from 2017

Net Assets

Flat

$12,471,601

Flat from 2017

Liabilities

Flat

$1,844,429

Flat from 2017

Revenue And Expenses

Revenue

Flat

$9,832,101

Flat from 2017

Expenses

Flat

$6,912,973

Flat from 2017

Net Income

Flat

$2,919,128

Flat from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2010: $6,383,962Liabilities 2010: $440,113Net Assets 2010: $5,943,8492010Assets 2011: $8,395,446Liabilities 2011: $394,821Net Assets 2011: $8,000,6252011Assets 2012: $7,673,945Liabilities 2012: $424,146Net Assets 2012: $7,249,7992012Assets 2013: $8,421,204Liabilities 2013: $789,855Net Assets 2013: $7,631,3492013Assets 2014: $8,550,582Liabilities 2014: $429,791Net Assets 2014: $8,120,7912014Assets 2015: $10,170,608Liabilities 2015: $1,197,247Net Assets 2015: $8,973,3612015Assets 2016: $11,888,944Liabilities 2016: $2,038,152Net Assets 2016: $9,850,7922016Assets 2017: $14,316,030Liabilities 2017: $1,844,429Net Assets 2017: $12,471,6012017Assets 2017: $14,316,030Liabilities 2017: $1,844,429Net Assets 2017: $12,471,6012017Assets 2018: $14,257,369Liabilities 2018: $2,549,715Net Assets 2018: $11,707,6542018Assets 2019: $16,293,581Liabilities 2019: $2,839,645Net Assets 2019: $13,453,9362019Assets 2020: $16,699,520Liabilities 2020: $2,450,476Net Assets 2020: $14,249,0442020Assets 2021: $18,821,181Liabilities 2021: $2,780,719Net Assets 2021: $16,040,4622021Assets 2022: $21,679,285Liabilities 2022: $4,617,148Net Assets 2022: $17,062,1372022Assets 2023: $27,847,011Liabilities 2023: $7,335,425Net Assets 2023: $20,511,5862023Assets 2024: $32,288,828Liabilities 2024: $9,886,475Net Assets 2024: $22,402,3532024

Highlighted filing

2017

Assets$14,316,030
Liabilities$1,844,429
Net Assets$12,471,601

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $2,685,8222010Expenses 2011: $3,255,7272011Expenses 2012: $5,437,2142012Expenses 2013: $3,927,7842013Revenue 2014: $4,464,573Expenses 2014: $4,057,796Net Income 2014: $406,7772014Revenue 2015: $6,642,005Expenses 2015: $5,591,391Net Income 2015: $1,050,6142015Revenue 2016: $6,976,863Expenses 2016: $5,985,113Net Income 2016: $991,7502016Revenue 2017: $9,832,101Expenses 2017: $6,912,973Net Income 2017: $2,919,1282017Revenue 2017: $9,832,101Expenses 2017: $6,912,973Net Income 2017: $2,919,1282017Revenue 2018: $8,785,390Expenses 2018: $9,487,661Net Income 2018: -$702,2712018Revenue 2019: $9,891,069Expenses 2019: $8,122,407Net Income 2019: $1,768,6622019Revenue 2020: $10,345,040Expenses 2020: $9,794,421Net Income 2020: $550,6192020Revenue 2021: $10,718,448Expenses 2021: $9,147,025Net Income 2021: $1,571,4232021Revenue 2022: $14,062,934Expenses 2022: $12,033,430Net Income 2022: $2,029,5042022Revenue 2023: $13,627,230Expenses 2023: $10,911,168Net Income 2023: $2,716,0622023Revenue 2024: $16,725,616Expenses 2024: $16,067,000Net Income 2024: $658,6162024

Highlighted filing

2017

Revenue$9,832,101
Expenses$6,912,973
Net Income$2,919,128
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Aug 16, 2018
Return Version
2016v3.1
Gross Receipts
$10,061,968
Mission and Program Overview

Mission

The mission of mcleod health foundation is to generate philanthropic and community support to perpetuate medical excellence at mcleod health

Mission is to generate support to perpetuate medical excellence at mcleod health

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$4,572,806$6,402,491▲ $1,829,685
Cash and Non-Interest-Bearing Accounts$2,855,490$3,305,708▲ $450,218
Pledges and Grants Receivable$2,358,200$3,008,540▲ $650,340
Investments in Publicly Traded Securities$2,087,192$1,516,639▼ $570,553
Land, Buildings, and Equipment, Net$13,752$11,768▼ $1,984
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$11,888,944$14,316,030▲ $2,427,086
Other Assets Total$1,504$70,884▲ $69,380
Liabilities
Grants Payable$1,276,705$1,117,738▼ $158,967
Other Liabilities$671,163$633,414▼ $37,749
Accounts Payable and Accrued Expenses$90,284$93,277▲ $2,993
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$2,038,152$1,844,429▼ $193,723
Net Assets / Fund Balance
Unrestricted Net Assets$3,691,565$6,312,374▲ $2,620,809
Temporarily Rstr Net Assets$5,351,691$5,351,691→ $0
Permanently Rstr Net Assets$807,536$807,536→ $0
Total Net Assets Fund Balance$9,850,792$12,471,601▲ $2,620,809
Total Liabilities and Net Assets / Fund Balance$11,888,944$14,316,030▲ $2,427,086

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,768$43,053$54,821
Other Securities$360,829--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$3,486,814$982,979▲ $99,300$902,324$3,645,314
2015$3,241,665$75,000▲ $937,295$745,198$3,486,814
2014$3,260,318$55,000▼ $38,405-$3,241,665
2013$2,918,382-▲ $383,374-$3,260,318
2012$2,645,017$25,000▲ $277,382-$2,918,382
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jill BramblettExecutive DirectorFT$165,356$70,470$235,826
Karen R Hill MdTrustee/phys. W. Rel. Org--$110,752$110,752

Highest Paid Contractors

ContractorServicesLocationCompensation
Corporate Developmint LLCConsulting49 CALHOUN STREET, Charleston, SC 29401$102,038
Revenue and Support

Revenue Composition

Contributions and Grants
$8,964,899
Program Service Revenue
$0
Investment Income
$585,605
Other Revenue
$281,597
All Other Contributions
$8,492,022
Change in Net Assets
$2,919,128

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$30,000Other
Other Non Cash Contri Table35$25,052Other
Other Non Cash Contri Table2$15,000Other
Clothing and Household Goods-$9,917Other
Other Non Cash Contri Table6$4,902Other
Other Non Cash Contri Table4$3,814Other
Food Inventory16$3,682Other
Other Non Cash Contri Table8$2,064Other
Works of Art1$500Other
Books and Publications-$25Other
Total Noncash Contributions73$94,956-

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,832,101
Revenue Not Reported on Form 990
$-68,452
Total Revenue per Audited Statements
$9,763,649
Total Revenue per Form 990
$9,832,101
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,951,410
Salaries, Compensation, and Employee Benefits$1,055,439
Other Expenses$906,124
Total Fundraising Expense$653,776
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$4,939,523--$4,939,523
Other Salaries and Wages$208,449$230,044$203,867$642,360
Office Expenses$86,312$95,253$84,415$265,980
Current Officers, Directors, Trustees, and Key Employees$227,812$0$0$227,812
Other Employee Benefits$60,120$66,348$58,799$185,267
Fees for Services Other$0$0$140,198$140,198
Advertising$69,829$0$69,829$139,658
Other Expenses$32,280$35,627$31,573$99,480
Occupancy$58,546$0$0$58,546
Travel$4,408$4,865$4,312$13,585
Grants to Domestic Individuals$11,887--$11,887
Conferences and Meetings$2,766$3,052$2,705$8,523
Depreciation Depletion$1,985$0$0$1,985
Insurance$1,200$0$0$1,200
Total Functional Expenses$5,821,742$437,455$653,776$6,912,973

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$7,142,840
Expenses per Audited Statements$6,912,973
Total Expenses per Form 990$6,912,973
Expenses Not Reported on Form 990$229,867
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
McLeod Regional Medical CenterFlorence, SC501(c)(3)Health Services$4,517,258
Mcleod Health ClarendonFlorence, SC501(c)(3)Health Services$203,905
McLeod LorisSeacoast hospitalFlorence, SC501(c)(3)Health Services$185,316
Mcleod Health CherawFlorence, SC501(c)(3)Health Services$33,044
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$229,867
Fundraising Gross Income$210,282
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Cheraw Golf$155,325$24,063$59,424$-35,361
Cancer Challeng$124,305$22,135$14,424$7,711
Total Events$683,159$210,282$229,867$-19,585
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
Aiken and CompanyBoard MemberIndependent ContractorNo$6,183,300
Pee Dee Pathology AssociatesBoard MemberIndependent ContractorNo$1,365,828

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Intercompany Payables$632,835
Miscelleaneous$579
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 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
Yes
Management duties delegated
No

Governance Explanations

Form 990 Part VI, Line 6

Mcleod health foundation has a sole member which is mcleod health.

Form 990 Part VI, Line 7A

The board of mcleod health (sole member) has the final authority as needed on the makeup and decision-making of mcleod health foundation's board.

Form 990 Part VI, Line 7B

The board of mcleod health (sole member) has the final authority as needed on the makeup and decision-making of mcleod health foundation's board.

Form 990, Part VI, Line 11B

Mcleod health foundation has a sole member which is mcleod regional medical center. Copies were provided to the finance committee of mcleod health (sole member of mcleod regional medical center) at the may 2018 finance committee meeting, along with a presentation covering the form 990 by the preparing firm, kpmg llp, to allow for a thorough review by the finance committee before the filing date of august 15, 2018.

Form 990, Part VI, Line 12C

Mcleod health foundation regularly and consistently monitors and enforces compliance with the conflict of interest policy in that any director, principal officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest, must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of the committees with governing board delegated powers considering the proposed transaction or arrangement. The remaining individuals on the governing board or committee meeting will decide if conflicts of interest exist. Each director, principal officer, and member of a committee with governing board delegated powers annually signs a statement which affirms such person has received a copy of the conflicts of interest policy, has read and understands the policy, has agreed to comply with the policy, and understands that the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish its tax-exempt purpose. Yes, each board member signs a conflict of interest statement each year.

Form 990, Part VI, Line 15B

In determining compensation of mcleod health foundation's executive director, the process included a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision. In the review of compensation, the executive director was compared to other similarly situated organizations and positions. Individual was not present when compensation was determined.

Form 990, Part VII, Line 19

The governing documents, conflict of interest policy, and financial statements are not available to the public upon request. However, the organization's form 990 provides financial information, and addresses issues of governance such as the organization's conflict of interest and governance policy.

Filing and Contact Details

Filer

Filer Name
Mcleod Health Foundation
EIN
57-0818672
In Care Of
% MARK CAMERON
Phone
8437772256
Address
PO BOX 100551, FLORENCE, SC 29506

Signing Officer

Name
S Fulton Ervin Iii
Title
CFO of System
Phone
8437772256
Signed
2018-08-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Colones CEO of System
Formed
1986
Legal Domicile
Sc
Voting Board Members
25
Independent Board Members
23
Employees
21
Volunteers
275

Preparer

Firm
Kpmg Llp
Address
300 North Greene Street Suite 400, Greensboro, NC 27401
Preparer
Laura a Collins CPA
Phone
3362753394
Supplemental Narrative

Additional Explanations

Form 990 Part III Line 4A

Mcleod health foundation is a subsidiary company of mcleod health. The mission of the mcleod health foundation is to generate philanthropic and community support to perpetuate medical excellence at mcleod health. Thanks to the generosity of this region, the foundation has provided support for many of programs at mcleod health. These programs include support for mcleod children's hospital, the guest house at mcleod, mcleod hospice, mcleod cancer center for treatment and research and mcleod diabetes services just to name a few. Simply put, the foundation funds better health for thousands of families throughout northeastern south carolina and southeastern north carolina. Mcleod health foundation was proud to be a part of the following initiatives: the mcleod center for cancer treatment and research received grant funding for the helping oncology patients everyday (hope) fund. The hope fund provides assistance to oncology patients through various means including: transportation either through gas cards or van transport to the cancer center for treatment; medication assistance for patients who cannot afford emergently needed medications associated with their cancer diagnosis; educational materials for the cancer center library and for patients to take home; and items for the hope cart, a cart of materials including magazines, books, headphones and snacks that help the patients pass the time during their treatments in the cancer center. The hope fund also supports other immediate needs including home medical equipment, shoes, glasses, and dentures. Mcleod hospice received a grant to support the hospice program. The mcleod hospice mission in part, is to provide care for all patients regardless of their ability to pay. Through the support of the mcleod foundation, these hospice patients will continue to receive inpatient care at the mcleod hospice house, needed medications and supplies, and home visits by mcleod hospice staff. The grant also provides funding for bereavement services, a children's grief camp, and music therapy. The mcleod heart and vascular institute was awarded funding to benefit congestive heart failure and cardiac rehabilitation patients. The grant helps provide the necessary supplies and equipment for congestive heart failure patients to self-manage their disease and improve their quality of life. Mcleod cardiac rehabilitation is available to patients who are recovering from a heart attack, open-heart surgery, have stable angina, or have a high risk for heart disease. This grant allows cardiac rehabilitation to increase the quantity and improve the quality of exercise equipment offered to patients. This expansion also allows the program to provide services to additional cardiac and pulmonary patients. The cardiac rehabilitation program at mcleod dillon was also granted funding for patient scholarships. Through the scholarships, financially challenged patients are able to attend and receive valuable cardiac monitoring and daily blood pressure and pulse monitoring while completing a specialized exercise routine. A grant awarded to the mcleod diabetes program for adults and children provides funding for patients to receive diabetes testing supplies and follow-up education services to help them manage their disease. The grant also allows the program to continue delivering the highest quality of programs and services to patients both in the inpatient and outpatient setting, and at community screenings and health fairs. Mcleod home health was granted funding for the mcleod home health cares program to assist home health patients who are not able to purchase needed medications, transportation for medical treatment, medical supplies, nutritional needs, educational materials, equipment. It also assists in paying various cost of living expenses. Mcleod children's hospital and pediatric intensive care unit (picu) received funding to help bring technology up to date to meet the standard of care for central line insertion as we

Financial Statement Notes

Sch D, Part X, Line 2

Mcleod health and its not-for-profit subsidiaries have been recognized by the internal revenue service as exempt from tax under the provisions of internal revenue code (irc) section 501(a) as entities described under irc section 501(c)(3). Accordingly, no provision for income taxes on related income has been recorded in the accompanying consolidated financial statements.

Part XI Line 2D and Part XII Line 2D

Special event expenses reclassed from expenses to revenues.

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$32.3$9.89$22.4$16.7$16.1$0.66
2023Detailed filing. Detailed filing data is available for this year.$27.8$7.34$20.5$13.6$10.9$2.72
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.7$4.62$17.1$14.1$12.0$2.03
2021Detailed filing. Detailed filing data is available for this year.$18.8$2.78$16.0$10.7$9.15$1.57
2020Detailed filing. Detailed filing data is available for this year.$16.7$2.45$14.2$10.3$9.79$0.55
2019Detailed filing. Detailed filing data is available for this year.$16.3$2.84$13.5$9.89$8.12$1.77
2018Detailed filing. Detailed filing data is available for this year.$14.3$2.55$11.7$8.79$9.49$0.70
2017Detailed filing. Detailed filing data is available for this year.$14.3$1.84$12.5$9.83$6.91$2.92
2017Detailed filing. Detailed filing data is available for this year.$14.3$1.84$12.5$9.83$6.91$2.92
2016Detailed filing. Detailed filing data is available for this year.$11.9$2.04$9.85$6.98$5.99$0.99
2015Detailed filing. Detailed filing data is available for this year.$10.2$1.20$8.97$6.64$5.59$1.05
2014Detailed filing. Detailed filing data is available for this year.$8.55$0.43$8.12$4.46$4.06$0.41
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.42$0.79$7.63$3.93
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.67$0.42$7.25$5.44
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.40$0.39$8.00$3.26
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.38$0.44$5.94$2.69