Gaston Memorial Hospital Foundation Inc

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

EIN: 561479699 ✦ Gastonia, NC ✦ Designated as a 501(c)(3)

Overview

What is Gaston Memorial Hospital Foundation Inc?

Gaston Memorial Hospital Foundation Inc, based in Gastonia, North Carolina, is a dedicated nonprofit organization that primarily focuses on raising funds for programs, initiatives, and capital projects aimed at addressing the health-related needs of their community. Their mission is to inspire and engage the community in supporting Caromont Health, ensuring the provision of compassionate, exceptional, and highly reliable healthcare. The foundation operates a grants program, benefiting both internal departments and local non-profit organizations, while also managing seven academic scholarship funds. One hundred percent of the contributions directly support their foundation programs, with operating costs generously covered by Caromont Health. The organization has a small workforce of five individuals.


Official website here: www.caromont.org

Is Gaston Memorial Hospital Foundation Inc legitimate?

Gaston Memorial Hospital Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gaston Memorial Hospital Foundation 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: $172,265

For more financial information, click here


Official website here: www.caromont.org

What is the mission statement of Gaston Memorial Hospital Foundation Inc?

Gaston Memorial Hospital Foundation Inc's mission is to engage and inspire their community to support Caromont Health in providing compassionate, exceptional, and highly reliable care. They achieve this by raising funds for programs, initiatives, and capital projects aimed at meeting the health-related needs and improving the quality of life within their community. The foundation also operates a grants program, benefiting both internal departments and local non-profit organizations, and manages seven academic scholarship funds. One hundred percent of contributions directly support foundation programs, with operating costs covered generously by Caromont Health.


Official website here: www.caromont.org

Who is the CEO of Gaston Memorial Hospital Foundation Inc?

David O'Connor is the Evp/Cfo/Asst. Treasurer/Director of Gaston Memorial Hospital Foundation Inc. The CEO's salary of Gaston Memorial Hospital Foundation Inc is $0 and their total compensation is $1,745,670.


Official website here: www.caromont.org

What is the revenue of Gaston Memorial Hospital Foundation Inc?

Gaston Memorial Hospital Foundation Inc's revenue in 2022 was $2,489,196.


Official website here: www.caromont.org

Who are the executives of Gaston Memorial Hospital Foundation Inc and what are their salaries?

The average compensation at Gaston Memorial Hospital Foundation Inc during 2022 was $34,453. There are 5 employees at Gaston Memorial Hospital Foundation Inc.

Here are 6 key members and their salaries (Gaston Memorial Hospital Foundation Inc's CEO's salary is $0 and their total compensation is $1,745,670):

    Mr K Christopher Peek (Ceo)
  • Compensation: $0
  • Related: $1,491,823
  • Other: $253,847

    • Mr David O'Connor (Evp/Cfo/Asst. Treasurer/Director)
  • Compensation: $0
  • Related: $816,772
  • Other: $147,842

    • Dr George Adcock Iii (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $536,521
  • Other: $98,134

    • Ms Leigh Hickman (Vp/Clo/Asst. Sec.)
  • Compensation: $0
  • Related: $440,881
  • Other: $82,961

    • Mr Bob Hovis (Director)
  • Compensation: $0
  • Related: $19,872
  • Other: $0

    • Ms Janie Parks Peak (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.caromont.org

    Where can I find the form 990 for Gaston Memorial Hospital Foundation Inc?

    The Gaston Memorial Hospital Foundation Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.caromont.org

    Learn more at the official website: www.caromont.org

    Mission Statement of Gaston Memorial Hospital Foundation Inc

    Gaston Memorial Hospital Foundation Inc is committed to inspiring and engaging the community to support Caromont Health in providing compassionate, exceptional, and highly reliable care. Their mission is centered around raising funds for programs, initiatives, and capital projects that aim to address health-related needs and improve the quality of life within their community. In addition to this, the foundation operates a grants program, benefiting both internal departments and local non-profit organizations, as well as managing seven academic scholarship funds. It is noteworthy that one hundred percent of contributions made to Gaston Memorial Hospital Foundation Inc directly support foundation programs, with operating costs being generously covered by Caromont Health. Through their efforts, the foundation plays a significant role in supporting Caromont Health's mission of providing exceptional healthcare services to their community.

    Impact

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




    Saturday, July 20, 2024

    Gaston Memorial Hospital Foundation Inc's impact is centered on engaging and inspiring the community to support CaroMont Health in providing compassionate, exceptional, and highly reliable care. The foundation raises money for programs, initiatives, and capital projects that aim to meet health-related needs and improve the quality of life in the community. Additionally, they operate a grants program benefiting internal departments, local non-profit organizations, and manage seven academic scholarship funds. All contributions received go directly to support foundation programs, while operating costs are covered by CaroMont Health.





    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: $1,762,248
  • Program Service Revenue: $0
  • Gross Receipts: $2,489,196

    • Assets and Liabilities:
  • Total Assets: $26,052,596
  • Total Liabilities: $30,640
  • Net Assets: $26,021,956
  • Organization Details

    Founding Year

    1985

    Principal Officer

    David O'Connor

    Main Address

    2525 COURT DRIVE PO BOX 1747, GASTONIA, NC, 28054

    NTEE Category

    Code: E11 - Health

    If you are a representative of Gaston Memorial Hospital Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.