2024-11-15T16:42:53-06:00 2023-12-31 BDO USA 8401 GREENSBORO DRIVE 800 MCLEAN VA 22102 990 2023-01-01 541604094 Centra Health Foundation % TIM FRITZ CENT 4342004712 1920 Atherholt Road Lynchburg VA 24501 ELIZABETH DOYLE EXEC VP 4342004712 2024-11-15 true true Marc Berger P01871563 7038930600 2024-10-21 2023 2024-10-15 13:58:12Z Elizabeth Doyle 1920 Atherholt Road Lynchburg VA 24501 101811728 false X WWW.FOUNDATION.CENTRAHEALTH.COM X 1991 VA TO PROVIDE SUPPORT TO THE CENTRA HEALTHCARE SYSTEM. 24 19 9 22 0 0 2519937 3566617 0 0 1509608 15685968 -4380 15118 4025165 19267703 5564517 5531205 0 0 838517 871845 0 0 324325 755294 826989 7158328 7230039 -3133163 12037664 80725571 84269704 5331511 3506281 75394060 80763423 X SEE SCHEDULE O. false false 5531205 5531205 0 SEE SCHEDULE O. 5531205 true true false false false false false false false true true true false false true true false true false false false false false false true false false true true true false false false false false false false false false false false false false true false false false true 2 0 true 9 true false false false false false true true false false false false false false X 24 19 true false false false true true true true true false false true true true true true true true false false VA X TIM FRITZ 4342002578 1920 ATHERHOLT ROAD LYNCHBURG VA 24501 Amy Carrier PRESIDENT/CEO 2.0 50.0 X X 0 1283620 275838 Doug Davenport Treasurer 2.0 50.0 X X 0 1215395 30806 Winifred Winnie Agard MD Director 2.0 50.0 X 0 272423 62920 Elizabeth Doyle Executive Vice President 50.0 0.0 X X 277594 0 17355 ROBERT D COOK DIRECTOR (EFF. 2/2023) 2.0 50.0 X 0 201010 61603 Carolyn W Jacques Chairman 2.0 50.0 X X 0 0 0 George A Hurt MD Vice-Chairman 2.0 50.0 X X 0 0 0 Robert R Chapman III Director 2.0 0.0 X 0 0 0 Thomas Delaney MD Director 2.0 0.0 X 0 0 0 MaryJane Dolan Director 2.0 0.0 X 0 0 0 James Jim Dunstan MD Director 2.0 0.0 X 0 0 0 H Cap Eschenroeder MD Director, OF Emeritus 2.0 0.0 X 0 0 0 Paul F Fitzgerald MD Director, Emeritus 2.0 0.0 X 0 0 0 Janet HickmanMD Director 2.0 0.0 X 0 0 0 Yuille Holt III Director 2.0 0.0 X 0 0 0 Augustus A Petticolas DDS Director 2.0 0.0 X 0 0 0 John H Sorrells III Director 2.0 0.0 X 0 0 0 Pavan Thallapragada Director 2.0 0.0 X 0 0 0 Charles B White Director 2.0 0.0 X 0 0 0 Darryl D Whitesell Director 2.0 0.0 X 0 0 0 TRACI BLIDO DIRECTOR 2.0 0.0 X 0 0 0 JENNA LLOYD-FISHER DIRECTOR (EFF. 2/2023) 2.0 0.0 X 0 0 0 CAM PATTERSON DIRECTOR 2.0 0.0 X 0 0 0 R SACKETT WOOD DIRECTOR (EFF. 2/2023) 2.0 0.0 X 0 0 0 GEORGE ZIPPEL DIRECTOR 2.0 0.0 X 0 0 0 BONNIE SVRCEK EX-OFFICIO (EFF. 2/2023) 2.0 0.0 X 0 0 0 277594 2972448 448522 1 false true false 0 432439 3134178 3566617 0 15704151 15704151 0 0 0 0 0 82451034 82469217 -18183 -18183 -18183 89926 432439 74808 15118 15118 0 0 0 0 0 0 0 19267703 0 15701086 5450955 5450955 80250 80250 0 0 296665 296665 0 436644 253317 183327 21315 12363 8952 70633 40967 29666 46588 27021 19567 32500 24375 8125 0 18000 13500 4500 0 0 495738 495738 81724 61293 20431 7919 5939 1980 179610 134708 44902 0 0 5491 4118 1373 6007 4505 1502 0 0 0 0 0 0 7230039 5531205 1374509 324325 X 514731 577106 0 0 386271 320343 0 0 0 0 0 0 0 0 0 0 0 0 903038 903038 903038 56378481 57708332 22522891 24760885 0 0 0 0 20159 0 80725571 84269704 33250 9989 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5298261 3496292 5331511 3506281 X 2254430 1573424 73139630 79189999 75394060 80763423 80725571 84269704 12037664 -6668301 X false true X true false X X X 1 CENTRA HEALTH INC 540715569 3 true 5450955 0 1 5450955 0 false false false false false false false false false false false false false false false true true SCHEDULE A, PART I, LINE 12G ALL SUPPORT PROVIDED BY CENTRA HEALTH FOUNDATION AND REPORTED IN COLUMN (V) IS FOR THE BENEFIT OF CENTRA HEALTH, INC., ITS SUPPORTED ORGANIZATION. THE SUPPORT PROVIDED TO THE COMMUNITY ORGANIZATIONS LISTED FURTHERS THE TAX EXEMPT MISSION OF CENTRA HEALTH, INC. SCHEDULE A, PART IV, LINE 1 CENTRA HEALTH, INC IS THE SUPPORTED ORGANIZATION LISTED BY NAME IN THE GOVERNING DOCUMENTS OF CENTRA HEALTH FOUNDATION. ALL OTHER SUPPORTED ORGANIZATIONS ARE DESIGNATED BY THE PURPOSE FOR WHICH THEY APPLY FOR SUPPORT FROM CENTRA HEALTH FOUNDATION. ALL SUPPORT IS GIVEN FOR THE PURPOSE OF PROVIDING HEALTHCARE AND COMMUNITY SUPPORT TO THE CENTRAL VIRGINIA REGION. SCHEDULE A, PART IV, SECTION B, LINE 2 SEE NARRATIVE FOR SCHEDULE A, PART I, LINE 12G ABOVE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 43194998 192434 4816759 0 870955 47333236 53859047 -9550803 1113246 43194998 50572312 99234 4768318 1580817 53859047 46545445 4629009 602142 50572312 40638261 6541083 633899 46545445 0.67290 0.32710 false false 903038 0 903038 903038 PERPETUAL TRUSTS 24760885 F 24760885 0 DUE TO AFFILIATED ENTITY 3496292 3496292 X SCHEDULE D, PART V, LINE 4 THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 45 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE FOUNDATION'S BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY U.S. GAAP, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE FOUNDATION'S BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE FOUNDATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE FOUNDATION MUST HOLD IN PERPETUITY AS WELL AS BOARD-DESIGNATED FUNDS. UNDER THIS POLICY, AS APPROVED BY THE FOUNDATION'S BOARD OF DIRECTORS, THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO PRODUCE RESULTS THAT EXCEED THE PRICE AND YIELD RESULTS OF THE S&P 500 INDEX WHILE ASSUMING A MODERATE LEVEL OF INVESTMENT RISK. THE FOUNDATION EXPECTS ITS ENDOWMENT FUNDS, OVERTIME, TO PROVIDE AN AVERAGE RATE OF RETURN ON EQUITY INVESTMENTS OF 6% AND A FIXED INCOME YIELD OF 2% ANNUALLY. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. SCHEDULE D, PART X, LINE 2 ACCORDING TO CENTRAHEALTH, INC.'S CONSOLIDATED 2023 AUDIT REPORT. CENTRA HEALTH, INC., CCRC, INC., CENTRA HEALTH FOUNDATION, SOUTHSIDE COMMUNITY HOSPITAL, INC., AND BEDFORD MEMORIAL HOSPITAL ARE TAX-EXEMPT FROM INCOME TAX UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO INCOME TAXES HAVE BEEN PROVIDED FOR THESE ENTITIES IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS EXCEPT FOR TAXES RELATED TO CERTAIN UNRELATED BUSINESS INCOME ENGAGED IN BY CENTRA. CENTRA HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF DECEMBER 31, 2023. CENTRA BELIEVED THEY ARE NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO DECEMBER 31, 2020. NA false CENTRA CELEBRAT 434621 356991 77630 3300 22919 6250 34722 MAAM LUNCHEON 24736 20816 3920 0 0 0 0 4 63008 54632 8376 370 6216 860 0 171 522365 432439 89926 370 9516 23779 6250 34893 74808 15118 false CENTRA HEALTH INC 1920 ATHERHOLT ROAD LYNCHBURG VA 24501 540715569 501(C)(3) 5263476 See Part IV SOUTHSIDE COMMUNITY HOSPITAL INC 800 OAK STREET FARMVILLE VA 23901 540555201 501(C)(3) 164233 PROVIDE FINANCIAL SUPPORT TO HOSPITAL BEDFORD MEMORIAL HOSPITAL 1613 OAKWOOD STREET BEDFORD VA 24523 540566100 501(C)(3) 103496 PROVIDE FINANCIAL SUPPORT TO HOSPITAL 3 Centra College of Nursing SCHOLARSHIPS 113 80250 SCHEDULE I, PART I, LINE 2 NO COMMUNITY GRANT PROGRAM IN 2023 REQUIRED PROCEDURES FOR MONITORING THE USE OF FUNDS. ENTITIES WERE ALL RELATED. SCHEDULE I, PART II, LINE 1, COLUMN (H) Provide financial support to Centra Health, Fund indigent patient care at Centra Health facilities, and provide equipment and facilities funding to Centra Health. false true false false false false false false false Amy Carrier PRESIDENT/CEO 0 958579 0 300000 0 25041 0 243300 0 32538 0 1559458 0 0 Doug Davenport Treasurer 0 647298 0 104986 0 463111 0 9900 0 20906 0 1246201 0 322960 Elizabeth Doyle Executive Vice President 240614 0 35511 0 1469 0 8140 0 9215 0 294949 0 0 0 Winifred Winnie Agard MD Director 0 218207 0 34335 0 19881 0 8114 0 54806 0 335343 0 0 ROBERT D COOK DIRECTOR (EFF. 2/2023) 0 147798 0 39000 0 14212 0 0 0 61603 0 262613 0 0 SCHEDULE J, PART I, LINE 3: UNDER A MANAGEMENT AGREEMENT WITH CENTRA HEALTH, INC., THE ORGANIZATION'S EXECUTIVE DIRECTOR'S COMPENSATION IS ESTABLISHED IN ACCORDANCE WITH CENTRA HEALTH'S EXECUTIVE COMPENSATION PRACTICES WHICH INCLUDE THE USE OF A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT(S) & COMPENSATION STUDY OR SURVEY. SCHEDULE J, PART I, LINE 4B: THE FOLLOWING INDIVIDUALS RECEIVED A PAYOUT FROM A NONQUALIFIED RETIREMENT PLAN DURING FY 2023. THE AMOUNT WAS INCLUDED IN THEIR W-2 WAGES. NAME TITLE AMOUND OF DEFERRAL DOUGLAS DAVENPORT SVP CFO (RELATED PARTY) $458,495 THE FOLLOWING INDIVIDUALS HAD AMOUNTS DEFERRED INTO A NONQUALIFIED RETIREMENT PLAN DURING FY 2023. NAME TITLE AMOUNT OF DEFERRAL AMY CARRIER PRESIDENT/CEO $233,400 FORM 990, PART III, LINE 1 THE MISSION OF CENTRA HEALTH FOUNDATION IS TO DEVELOP RESOURCES FOR THE SUPPORT OF CENTRA HEALTH. THE MAJOR OBJECTIVES OF THE FOUNDATION ARE TO: 1. SPONSOR CENTRA HEALTH, INC. PROJECTS, PROGRAMS AND ACTIVITIES WHICH ADDRESS COMMUNITY HEALTH NEEDS. 2. DEVELOP RESOURCES TO SUPPORT PATIENTS AT CENTRA HEALTH WHO CANNOT AFFORD CARE. 3. ASSIST CENTRA HEALTH, INC. IN PROVIDING THE EQUIPMENT AND FACILITIES NECESSARY TO ASSURE EXCELLENT HEALTHCARE TO ITS PATIENTS. 4. PROVIDE SCHOLARSHIPS FOR CENTRA COLLEGE STUDENTS AND CONTINUING EDUCATIONAL SUPPORT FOR CENTRA HEALTH CAREGIVERS. CENTRA HEALTH FOUNDATION IS COMMITTED TO SERVE AS A GOOD STEWARD OF THE COMMUNITY'S RESOURCES ENTRUSTED TO IT BY UTILIZING, SAFEGUARDING, AND ENHANCING THEM THROUGH SOUND FINANCIAL PRACTICES. FORM 990, PART III, LINE 4A THE CENTRA FOUNDATION HAS MADE A WIDE RANGE OF CONTRIBUTIONS TOWARD THE HEALTH CARE NEEDS OF OUR REGION. FUNDS RAISED IN 2023 TO SUPPORT CENTRA HEALTH, INC IN CONTINUING TO PROVIDE QUALITY HEALTHCARE TO THE RESIDENTS OF LYNCHBURG, VA AND THE SURROUNDING COMMUNITIES WERE: A -SUPPORT CENTRA HEALTH, INC IN CONTINUING TO PROVIDE QUALITY HEALTHCARE TO THE RESIDENTS OF LYNCHBURG, VA AND THE SURROUNDING COMMUNITIES. FOR THE YEAR ENDING 12/31/2023 THE FOUNDATION PROVIDED $4,426,261 IN SUPPORT TO CENTRA HEALTH, INC. B - DEVELOP RESOURCES OF $832,060 TO FUND INDIGENT PATIENT CARE AT CENTRA HEALTH FACILITIES IN 2023. C -ASSIST CENTRA HEALTH, INC. BY PROVIDING EQUIPMENT AND FACILITIES FUNDING OF $272,884 IN 2023. Form 990 Part VI, Section A, Line 2 BOARD MEMBERS AUGUSTUS PETTICOLAS, DDS AND ROBERT CHAPMAN, III ARE OFFICERS OF BANK OF THE JAMES. FORM 990 PART VI, SECTION A, LINE 6 CENTRA HEALTH, INC. IS THE SOLE MEMBER CORPORATION OF CENTRA HEALTH FOUNDATION. FORM 990 PART VI, SECTION A, LINE 7A CENTRA HEALTH, INC. IS THE SOLE MEMBER CORPORATION OF CENTRA HEALTH FOUNDATION AND HAS THE POWER TO ELECT THE BOARD OF DIRECTORS OF CENTRA HEALTH FOUNDATION'S GOVERNING BODY. FORM 990 PART VI, SECTION A, LINE 7B CENTRA HEALTH, INC. IS THE SOLE MEMBER CORPORATION OF CENTRA HEALTH FOUNDATION AND HAS THE POWER TO APPROVE DECISIONS MADE BY CENTRA HEALTH FOUNDATION'S GOVERNING BODY. FORM 990 PART VI, SECTION B, LINE 11B THE RETURN WAS PREPARED BY AN INDEPENDENT ACCOUNTANT WITH ASSISTANCE AND OVERSIGHT BY MANAGEMENT. COPIES OF THE FORM 990 WERE PROVIDED TO ALL VOTING MEMBERS OF THE BOARD OF DIRECTORS AND ANY QUESTIONS RAISED BY THE BOARD OF DIRECTORS HAVE BEEN ADDRESSED. FORM 990 PART VI, SECTION B, LINE 12C ALL CENTRA OFFICERS AND DIRECTORS MUST COMPLETE A "POSSIBLE CONFLICT OF INTEREST" QUESTIONNAIRE ON AN ANNUAL BASIS, CERTIFYING THAT NEITHER THEY NOR ANY OF THEIR IMMEDIATE FAMILY MEMBERS HAVE ENGAGED IN ANY ACTIVITIES THAT COULD LEAD TO A POTENTIAL CONFLICT OF INTEREST. ADDITIONALLY, ALL OFFICERS AND DIRECTORS MUST AGREE TO PROMPTLY REPORT ANY POTENTIAL CONFLICTS OF INTEREST THAT ARISE DURING THE YEAR TO THE PRESIDENT OR CHAIRMAN OF CENTRA HEALTH, INC.'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 FORM 990, PART VI, LINES 15A & 15B WERE ANSWERED AS "NO", HOWEVER, UNDER A MANAGEMENT AGREEMENT WITH CENTRA HEALTH, INC., A RELATED PARTY, THE ORGANIZATION'S EXECUTIVE VICE PRESIDENT'S COMPENSATION IS ESTABLISHED IN ACCORDANCE WITH CENTRA HEALTH'S EXECUTIVE COMPENSATION PRACTICES WHICH INCLUDE THE USE OF A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT(S), AND COMPENSATION STUDY OR SURVEY. FORM 990 PART VI, SECTION C, LINE 18 PHOTOCOPIES OF THE ORGANIZATION'S FORM 1023 AND RECENT FILINGS OF THE FORM 990 ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S ADMINISTRATNE OFFICE. ADDITIONALLY, FILINGS OF THE FORM 990 CAN ALSO BE FOUND ONLINE AT WWW.GUIDESTAR.ORG. FORM 990 PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES PHOTOCOPIES OF ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY AT ITS ADMINISTRATIVE OFFICE UPON REQUEST. CENTRA HEALTH INC 1920 ATHERHOLT ROAD LYNCHBURG VA 24501 540715569 HEALTHCARE VA 501(C)(3) 3 NA false SOUTHSIDE COMMUNITY HOSPITAL INC 800 OAK STREET FARMVILLE VA 23901 540555201 HEALTHCARE VA 501(C)(3) 3 NA false BEDFORD MEMORIAL HOSPITAL 1613 OAKWOOD STREET BEDFORD VA 24523 540566100 HEALTHCARE VA 501(C)(3) 3 NA false NONE GENERAL BUSINESS CONCERNS INC 1920 ATHERHOLT ROAD LYNCHBURG VA 24501 541299682 REAL ESTATE-P VA NA C CORP 0 0 0.00000 false PCHP HOLDING INC 2316 ATHERHOLT ROAD LYNCHBURG VA 24501 541749492 HOLDING COMPA VA NA C Corp 0 0 0.00000 false PIEDMONT COMMUNITY HEALTH PLAN INC 2316 ATHERHOLT ROAD LYNCHBURG VA 24501 541755768 HEALTH INSURA VA NA C Corp 0 0 0.00000 false false true true false false false false false false false true false false false false true true false false