Presbyterian Hospital Foundation
DBA: NOVANT HEALTH PRESBYTERIAN MEDICAL CENTER FOUNDATION
SEE SCHEDULE O
IRS Tax Year 2024
Period ending December 31, 2024
Total Revenue
$15.5M
Total Expenses
$6.8M
Net Assets
$114.2M
Employees
13
Volunteers
77
Grants Paid
$5.5M
Program Expense Ratio
84.1%
Fundraising Efficiency
3978.8%
This nonprofit profile presents IRS Form 990 tax filing data for Presbyterian Hospital Foundation (EIN: 58-1413074), based on the 2024 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
Presbyterian Hospital Foundation is a 501(c)(3) nonprofit headquartered in WINSTON SALEM, NC, founded in 1980. The organization has held tax-exempt status since 1980. In its 2024 filing, the organization reported $15.5M in total revenue, a 19.9% increase from the prior year, and $6.8M in total expenses. The organization employed 13 people and engaged 77 volunteers. KIMBERLY HENDERSON, FMR OFFICER, is the highest-compensated individual at $1,620,829. The organization runs 1 program, totaling $5.8M in program expenses. 4 of 6 recommended governance policies are in place. Executive benefits include first-class travel, companion travel, housing allowance, discretionary spending.
Presbyterian Hospital Foundation is classified under NTEE code E22I. Its foundation type is 15.
Programs(Tax Year 2024)
1 record
Presbyterian Hospital Foundation operates 1 program, with total program expenses of $5.8M. Presbyterian Hospital Foundation's largest program accounts for 100% of total program spending.
THE ORGANIZATION OPERATES TO RAISE COMMUNITY SUPPORT AND FUNDING THROUGH CHARITABLE GIVING FOR ESSENTIAL HEALTHCARE, EDUCATION, & RESEARCH PROGRAMS, IMPROVED FACILITIES, AND STATE-OF-THE-ART TECHNOLOGY OF NOVANT HEALTH PRESBYTERIAN MEDICAL CENTER AND OTHER TAX-EXEMPT SUBSIDIARIES OF NOVANT HEALTH SOUTHERN PIEDMONT REGION, LLC.
Financial Overview(Tax Years 2019–2024)
6 records
Over the past 6 years, Presbyterian Hospital Foundation's revenue has grown from $12.3M to $15.5M, a 26.0% increase. Program expenses represent 84% of total spending.
Revenue increased 19.9% year-over-year, while expenses declined 15.3%. net assets rose to $114.2M, up 14.3% from the prior year. the organization added 6 employees.
Presbyterian Hospital Foundation derives 77% from contributions and grants, with 23% from investment income.
Revenue is primarily driven by contributions and grants (77%), with investment income at 23%.
Presbyterian Hospital Foundation allocates 84% to programs, 12% to management and general, 4% to fundraising.
Revenue grew by 19.9% while expenses declined by only 15.3%, suggesting improving operational efficiency.
Presbyterian Hospital Foundation distributed $5.5M in grants to other organizations and individuals, representing 80% of total expenses.
Over 6 filings from 2019–2024, Presbyterian Hospital Foundation grew revenue from $12.3M to $15.5M (+26.0%) while maintaining a program expense ratio of 84%.
Presbyterian Hospital Foundation holds $115.6M in total assets against $1.3M in liabilities (debt-to-asset ratio of 1%). The organization has 200.2 months of operating reserves. Cash and equivalents of $10.9M cover approximately 19.2 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2024 | $15.5M | $11.9M | $0 | $0 | $3.6M |
| 2023 | $12.9M | $11.2M | $0 | $0 | $1.8M |
| 2022 | $18.9M | $16.1M | $0 | $0 | $2.9M |
| 2021 | $20.8M | $10.2M | $0 | $0 | $10.7M |
| 2020 | $8.6M | $6.6M | $0 | $0 | $2.0M |
| 2019 | $12.3M | $8.8M | $0 | $0 | $3.5M |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2024 | $6.8M | $5.8M | $792K | $300K | $5.5M |
| 2023 | $8.1M | $7.2M | $460K | $386K | $7.0M |
| 2022 | $8.6M | $7.3M | $895K | $362K | $6.8M |
| 2021 | $28.9M | $28.0M | $526K | $340K | $27.1M |
| 2020 | $11.1M | $10.2M | $522K | $398K | $8.4M |
| 2019 | $6.1M | $4.9M | $617K | $560K | $4.5M |
Program Expense Ratio
84.1%
Admin Expense Ratio
11.6%
Fundraising Efficiency
3978.8%
Operating Reserve
200.2 mo
People & Compensation(Tax Year 2024)
32 records
Presbyterian Hospital Foundation reported compensation for 32 officers and key employees. Total officer compensation was $7.6M, representing 110.3% of total expenses. 6 individuals received total compensation exceeding $500,000.
Presbyterian Hospital Foundation's highest-compensated individual received $1.6M in total compensation. Total officer compensation of $7.6M represents 110.3% of total expenses. 4 individuals received total compensation exceeding $1,000,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| KIMBERLY HENDERSON | FMR OFFICER | Former | — | $0 | $1,421,376 | $1,620,829 |
| GEOFFREY GARDNER | CFO (TO 4/28/24) | Officer | 0.20 | $0 | $1,254,252 | $1,299,330 |
| ALICE POPE | EVP/CFO (FR 4/29/24) | Officer | 0.20 | $0 | $991,687 | $1,175,156 |
| JERRY BARRON MD | TRUSTEE/ORTHOPAEDIST | Director | 0.20 | $0 | $1,048,333 | $1,105,743 |
| DOROTHY ANN CAULKINS | SVP FDN (TO 6/1/24) | Officer | 8.00 | $0 | $803,158 | $842,395 |
| TIFFANI JONES MD | CHAIR/OBSTETRICIAN | OfficerDirector | 0.50 | $0 | $480,692 | $523,012 |
| SHARON HARRINGTON | VP CHIEF PHILANTHROPY OFF(FR 6/2/24) | Officer | 8.00 | $0 | $290,978 | $305,826 |
| KATHLEEN BOYLAN | EXEC DIRECTOR (TO 11/17/24) | Officer | 50.00 | $180,004 | $14,776 | $229,639 |
| AMY MCKINNEY | EXEC DIRECTOR (FR 11/18/24) | Officer | 50.00 | $143,041 | $0 | $173,425 |
| JUSTIN TRAKAS | PHILANTHROPY MANAGER | Highest Comp | 45.00 | $120,617 | $0 | $139,762 |
| JENNIFER CLIFFORD | FMR OFFICER | Former | — | $0 | $127,302 | $137,201 |
| ELIZABETH CORNELSON-WEISIGER | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| JENNIFER DOYLE | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| JEWELL HOOVER | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| JOHN HONDROS | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| KATE HATCHER | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| LUIS LLUBERAS | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| NATALIE ALSTON | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| OLIVER BADGIO | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| STONEY SELLARS | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| JOHN COMLY | TREASURER | OfficerDirector | 0.50 | $0 | $0 | $0 |
| TERRENCE LINNERT | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| CLAUDE CLOSE | TRUSTEE (FR 1/1/24) | Director | 0.20 | $0 | $0 | $0 |
| MARY WINSTON | TRUSTEE (TO 4/23/24) | Director | 0.20 | $0 | $0 | $0 |
| MICHAEL WILES | SECRETARY | OfficerDirector | 0.50 | $0 | $0 | $0 |
| ROCHELLE RIVAS | TRUSTEE (FR 1/1/24) | Director | 0.20 | $0 | $0 | $0 |
| VONDA HUSS | VICE CHAIR | OfficerDirector | 0.50 | $0 | $0 | $0 |
| AYANNA CHANCE | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| CALDWELL ROSE | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| DARRIN BOLAND | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| DAVID GROOMES | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| EDGARDO MARTINEZ | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
KIMBERLY HENDERSON
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
GEOFFREY GARDNER
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
ALICE POPE
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
JERRY BARRON MD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
DOROTHY ANN CAULKINS
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
TIFFANI JONES MD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
SHARON HARRINGTON
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
KATHLEEN BOYLAN
Base Salary
$159,309
Bonus
$20,326
Other Reportable
$369
Retirement/Deferred
$6,681
Nontaxable Benefits
$25,474
Executive Perks
AMY MCKINNEY
Base Salary
$119,597
Bonus
$9,601
Other Reportable
$13,843
Retirement/Deferred
$4,856
Nontaxable Benefits
$25,528
Executive Perks
JENNIFER CLIFFORD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
Governance & Compliance(Tax Year 2024)
Presbyterian Hospital Foundation has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 22 members, 17 of whom are independent.
Presbyterian Hospital Foundation's financial statements are audited, an audit committee oversees the process, the organization is subject to a federal grant audit (Single Audit).
Presbyterian Hospital Foundation has family or business relationships among officers, directors, or key employees.
Policies & Oversight
Audit & Financial Oversight
Grants Awarded(Tax Year 2024)
7 records
Presbyterian Hospital Foundation awarded $4.6M across 2 grants to organizations. Top recipients include THE PRESBYTERIAN HOSPITAL (WINSTONSALEM, NC) — $4.1M for to support nh presbyterian medical center; NOVANT HEALTH INC (WINSTONSALEM, NC) — $512K for to support nh system hospitals. The organization also provided grants to individuals (26,919 recipients) totaling $480K, including patient transportation, employee emergency fund, patient assistance, mammograms, scholarships.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| THE PRESBYTERIAN HOSPITAL560554230 | WINSTONSALEM, NC | $4.1M | TO SUPPORT NH PRESBYTERIAN MEDICAL CENTER |
| NOVANT HEALTH INC561376950 | WINSTONSALEM, NC | $512K | TO SUPPORT NH SYSTEM HOSPITALS |
Grants to Individuals
| Type | Recipients | Amount |
|---|---|---|
| PATIENT TRANSPORTATION | 198 | — |
| EMPLOYEE EMERGENCY FUND | 374 | $263K |
| PATIENT ASSISTANCE | 25,926 | $141K |
| MAMMOGRAMS | 420 | $66K |
| SCHOLARSHIPS | 1 | $10K |
Fundraising & Events(Tax Year 2024)
Presbyterian Hospital Foundation held fundraising events including Hemby golf classic ($113K).
Named Events
hemby golf classic
Gross: $113,450
Supplemental Financial Data(Tax Year 2024)
The endowment stands at $58.8M, with $12.1M in new contributions.
Filing History(Tax Years 1980–2024)
6 records
Showing the 6 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2024 | 990 | 2024-01-01 – 2024-12-31 | $15.5M | $6.8M | $114.2M |
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $12.9M | $8.1M | $99.9M |
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $18.9M | $8.6M | $89.3M |
| 2021 | 990 | 2021-01-01 – 2021-12-31 | $20.8M | $28.9M | $93.8M |
| 2020 | 990 | 2020-01-01 – 2020-12-31 | $8.6M | $11.1M | $98.5M |
| 2019 | 990 | 2019-01-01 – 2019-12-31 | $12.3M | $6.1M | $97.2M |
| 1980–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does Presbyterian Hospital Foundation do?
SEE SCHEDULE O
How much revenue does Presbyterian Hospital Foundation have?
Presbyterian Hospital Foundation reported $15,482,640 in total revenue for tax year 2024, up 19.9% from the prior year.
Who is the highest-paid executive at Presbyterian Hospital Foundation?
KIMBERLY HENDERSON, FMR OFFICER, received $1,620,829 in total compensation as of tax year 2024.
Is Presbyterian Hospital Foundation a 501(c)(3)?
Yes, Presbyterian Hospital Foundation is classified as a 501(c)(3) tax-exempt organization.
Where is Presbyterian Hospital Foundation located?
Presbyterian Hospital Foundation is headquartered in WINSTON SALEM, NC 27103.
How many employees does Presbyterian Hospital Foundation have?
Presbyterian Hospital Foundation has 13 employees and 77 volunteers as of tax year 2024.
Is Presbyterian Hospital Foundation audited?
Yes, Presbyterian Hospital Foundation's financial statements are audited, and the organization has an audit committee.
How much does Presbyterian Hospital Foundation spend on fundraising?
Presbyterian Hospital Foundation reported $300,113 in fundraising expenses for tax year 2024, which represents 4.4% of total expenses.
Does Presbyterian Hospital Foundation give grants?
Yes, Presbyterian Hospital Foundation distributed $5,458,878 in grants to other organizations and individuals in tax year 2024. Top recipients include THE PRESBYTERIAN HOSPITAL, NOVANT HEALTH INC.
Does Presbyterian Hospital Foundation hold fundraising events?
Presbyterian Hospital Foundation reports fundraising event activities.
Data Source
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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