The Foundation Of Firsthealth Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 510191937 ✦ Pinehurst, NC ✦ Designated as a 501(c)(3)

Overview

What is The Foundation Of Firsthealth Inc?

The Foundation of Firsthealth Inc, based in Pinehurst, North Carolina, functions as a philanthropic entity supporting the operating entities and business lines of Firsthealth of the Carolinas, a not-for-profit healthcare system. In FY2022, the Foundation disbursed nearly $6 million towards various initiatives, including operational support for patient care facilities and services, physician and clinical staff education, and other approved operational needs. Significant disbursements included funding for a new Comprehensive Cancer Center, covering ongoing losses of the hospice house, and providing support for a nursing scholarship program, among others. The Foundation's efforts greatly enhance the overall healthcare experience and wellbeing for patients and their caregivers.


Official website here: www.firsthealth.org/foundation

Is The Foundation Of Firsthealth Inc legitimate?

The Foundation Of Firsthealth Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Foundation Of Firsthealth Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $803,692

For more financial information, click here


Official website here: www.firsthealth.org/foundation

What is the mission statement of The Foundation Of Firsthealth Inc?

The Foundation of Firsthealth Inc exists to provide philanthropic support for the operating entities and business lines of Firsthealth of the Carolinas, a not-for-profit healthcare system. This philanthropic backing helps further the mission of Firsthealth by funding operational needs, such as patient care facilities, staff education, and other approved operational expenses. In FY2022, significant disbursements from the Foundation to Firsthealth included funds for a new comprehensive cancer center, hospice house maintenance, and nursing education programs. Additionally, the Foundation supported various healthcare initiatives that catered to underinsured children, palliative care programs, and physician leadership academy. The Foundation's grants played a crucial role in ensuring the successful operation of these programs and services.


Official website here: www.firsthealth.org/foundation

Who is the CEO of The Foundation Of Firsthealth Inc?

Kathleen Stockham is the Principal Officer of The Foundation Of Firsthealth Inc.


Official website here: www.firsthealth.org/foundation

What is the revenue of The Foundation Of Firsthealth Inc?

The Foundation Of Firsthealth Inc's revenue in 2022 was $15,308,548.


Official website here: www.firsthealth.org/foundation

Who are the executives of The Foundation Of Firsthealth Inc and what are their salaries?

Here are 26 key members and their salaries:

    Mickey Foster (Ex-Officio Member) [Trustee/Director]
  • Compensation: $0
  • Related: $1,216,727
  • Other: $124,960

    • Daniel Barnes Do (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $697,243
  • Other: $311,626

    • Jeffrey Casey (Corpoate Cfo)
  • Compensation: $0
  • Related: $632,812
  • Other: $30,916

    • Kathy Stockham (President, Foundation) [Trustee/Director]
  • Compensation: $0
  • Related: $368,410
  • Other: $30,306

    • Becky Carter (Ex-Officio Member (Rotated Off)) [Trustee/Director]
  • Compensation: $0
  • Related: $318,718
  • Other: $21,590

    • Jacklynn Lesniak (Ex-Officio Member) [Trustee/Director]
  • Compensation: $0
  • Related: $304,424
  • Other: $19,097

    • Karen Robeano (Ex-Officio Member (Rotated Off)) [Trustee/Director]
  • Compensation: $0
  • Related: $169,713
  • Other: $0

    • Art Medeiros (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jon Devault (Past Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cathy Schlaff (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karen Fitch (Assist. Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ron Schuch (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Bahner (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ronald Ballard (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Art Edgerton Md (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joohn Ellis Md (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Connie Fensterstock (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cindy Goodman (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rich Holada (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James J Jackson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nancy Kaeser (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Lovell (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Obi (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Becky Smith (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Sponzo Md (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carolyn Helms (Ex-Officio Member (Rotated Off)) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.firsthealth.org/foundation

    Where can I find the form 990 for The Foundation Of Firsthealth Inc?

    The The Foundation Of Firsthealth Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.firsthealth.org/foundation

    Learn more at the official website: www.firsthealth.org/foundation

    Mission Statement of The Foundation Of Firsthealth Inc

    The Foundation of Firsthealth, Inc., a not-for-profit organization, is dedicated to providing philanthropic support to Firsthealth of the Carolinas, Inc., a healthcare system exempt from income tax under IRS sections 501c(3) and 170(b)(1)(a)(iii). By extending financial assistance, the Foundation significantly contributes to the operational needs of Firsthealth, enhancing patient care facilities and services, funding education and training for clinical staff, and addressing other approved operational requirements.

    Through philanthropic giving, The Foundation of Firsthealth, Inc. has made substantial disbursements in the fiscal year 2022. These contributions included a substantial pledge of $3 million towards the construction of a new comprehensive cancer center, covering the ongoing annual operating losses of the hospice house, and offsetting the cost of community programs held at Clara's House. Additionally, the Foundation supported Firsthealth's outpatient palliative care program, the Physician's Leadership Academy and the Office of Provider Wellbeing, and made grants for quality dental care for underinsured children, and complex care management programs.

    Furthermore, the Foundation's generous support enabled the provision of nursing education programs, nursing enrichment programs, and external professional conferences. These investments in nursing and education further strengthened the healthcare system's commitment to delivering high-quality care and maintaining Magnet certification. Overall, The Foundation of Firsthealth, Inc. plays a vital role in augmenting the operational capabilities of Firsthealth of the Carolinas, Inc., thereby enhancing the quality of care and services provided to their patients.

    Impact

    This information is meant to be a general summary of The Foundation Of Firsthealth Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Foundation of FirstHealth Inc's impact is significant in providing philanthropic support to FirstHealth of the Carolinas, Inc., a nonprofit healthcare system in North Carolina. In FY 2022, the Foundation disbursed over $5.9 million in grants to support various operational needs of FirstHealth, including funding for patient care facilities, staff education, and community programs.

    Noteworthy disbursements include contributions towards the establishment of a new Comprehensive Cancer Center, covering operating deficits of hospice and hospitality facilities, supporting palliative care programs, assisting underinsured children with dental care, and providing financial aid to cancer patients for medication, transportation, and other needs. The Foundation's support also extends to nursing education, scholarships, and programs that benefit the community served by FirstHealth hospitals.

    One of the Foundation's key initiatives is Clara's House, which offers accommodations and support services to cancer patients and their caregivers. Despite challenges posed by the pandemic, Clara's House expanded its services and continued to provide a comforting environment for patients and their families. Through the generous contributions of the community, the Foundation enabled over 480 nights of free accommodation for cancer patients, along with access to various support programs and resources.

    Overall, the Foundation of FirstHealth Inc's impact is felt in numerous healthcare initiatives that enhance patient care, support medical professionals, and provide essential services to those in need within the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $10,802,342
  • Program Service Revenue: $0
  • Gross Receipts: $29,537,261

    • Assets and Liabilities:
  • Total Assets: $84,024,548
  • Total Liabilities: $2,943,541
  • Net Assets: $81,081,007
  • Organization Details

    Founding Year

    1976

    Principal Officer

    Kathleen Stockham

    Main Address

    155 MEMORIAL DRIVE, PINEHURST, NC, 28374

    NTEE Category

    Code: T30 - Philanthropy

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