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Nonprofit · EIN 56-1424818

ROWAN REGIONAL MEDICAL CENTER FOUNDATION INC

Tax-exempt · WINSTON SALEM, NC 27103

Financials

$4.8M$3.6M2023$2.6M$1.5M2024
Revenue Expenses · by fiscal year end
Financials of ROWAN REGIONAL MEDICAL CENTER FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,562,198$1,541,387$1,020,811$59,597,191$417,139$59,180,052
December 31, 2023990$4,767,135$3,616,931$1,150,204$55,243,803$363,735$54,880,068
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$441,290
Program service revenue
$0
Investment income
$2,120,908
Net gain from sales of assets
$1,378,652
Other revenue
$0

Expenses

Grants and similar amounts paid
$1,170,781
Other salaries and wages
$163,289
Salaries, compensation and benefits (total)
$202,751
Professional fundraising fees
$0
Occupancy
$6,310
Travel
$200
Program services (functional)
$1,263,070
Management and general (functional)
$134,609
Fundraising (functional)
$143,708

Balance sheet and other

Total assets, start of year
$55,243,803
Total assets, end of year
$59,597,191
Total liabilities, end of year
$417,139
Net assets, end of year
$59,180,052
Land, buildings and equipment
$26,000
Publicly traded securities
$42,299,874
Net assets without donor restrictions
$53,434,239
Net assets with donor restrictions
$5,745,813
Gross receipts
$22,527,363
Employees
3
Volunteers
16
Year formed
1984
State of legal domicile
NC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
KIMBERLY HENDERSONFMR OFFICER (12/31/19)
Former
0$0$1,421,376$199,453
ERIC MALLICO MDTRUSTEE/GENERAL SURGEON
Trustee or director
0.2$0$1,472,890$54,781
GEOFFREY GARDNERCFO (TO 4/28/24)
Officer
0.2$0$1,254,252$45,078
ALICE POPEEVP/CFO (FR 4/29/24)
Officer
0.2$0$991,687$183,469
DOROTHY ANN CAULKINSSVP FDN (TO 6/1/24)
Officer
8$0$803,158$39,237
ATLEE JOHNSON III MDTRUSTEE/UROLOGIST
Trustee or director
0.2$0$508,982$42,742
SHARON HARRINGTONVP CHIEF PHILANTHROPY OFF(FR 6/2/24)
Officer
8$0$290,978$14,848
AMY MAHEREXEC DIRECTOR (TO 12/31/24)
Officer
50$0$210,521$31,110
AERIK WILLIAMS MDTRUSTEE
Trustee or director
0.2$0$0$0
ALAN KINGTRUSTEE
Trustee or director
0.2$0$0$0
ALISHA BYRD-CLARKTRUSTEE
Trustee or director
0.2$0$0$0
AMY WILSON MDSECRETARY
Trustee or director, Officer
0.5$0$0$0
BRYAN OVERCASHCHAIR (TO 12/31/24)
Trustee or director, Officer
0.5$0$0$0
JOYCE GOODWINTRUSTEE
Trustee or director
0.2$0$0$0
KAY WILSONTRUSTEE
Trustee or director
0.2$0$0$0
10 more people on this return
NameTitleHours / weekCompensation
KELLY WITHERSTRUSTEE (FR 1/1/24)
Trustee or director
0.2$0
MARK DOBYTRUSTEE (FR 1/1/24)
Trustee or director
0.2$0
MELISSA ALCORNTRUSTEE
Trustee or director
0.2$0
MICHAEL ARONTRUSTEE (TO 12/31/24)
Trustee or director
0.2$0
MICHAEL TROPSHATRUSTEE (FR 1/1/24)
Trustee or director
0.2$0
SAMANTHA HASPELTRUSTEE (TO 12/31/24)
Trustee or director
0.2$0
STARLING JOHNSONTRUSTEE
Trustee or director
0.2$0
STEPHEN BULLOCKVICE CHAIR
Trustee or director, Officer
0.5$0
WILLIAM GRAHAMTRUSTEE (TO 12/31/24)
Trustee or director
0.2$0
WILLIAM STATONTREASURER
Trustee or director, Officer
0.5$0
990 for the year ended December 31, 2023: 25 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
FRED HARGETTEVP/CFO (TO 9/6/23)
Officer
0.2$0$2,400,670$50,705
ERIC MALLICO MDTRUSTEE/GENERAL SURGEON
Trustee or director
0.2$0$1,189,430$54,226
KIMBERLY HENDERSONFMR OFFICER (12/31/19)
Former
0$0$1,085,117$155,975
GEOFFREY GARDNERCFO (FR 9/6/23)
Officer
0.2$0$909,106$128,749
DOROTHY ANN CAULKINSSVP FDN
Officer
8$0$725,233$111,754
ATLEE JOHNSON III MDTRUSTEE (FR 1/1/23)/UROLOGIST
Trustee or director
0.2$0$467,758$43,158
AMY MAHEREXEC DIRECTOR (FR 9/22/23)
Officer
50$0$200,916$34,718
BRIAN CANAVANEXEC DIRECTOR (TO 9/22/23)
Trustee or director, Officer
50$155,376$0$18,217
BRYAN OVERCASHCHAIR
Trustee or director, Officer
0.2$0$250$0
AERIK WILLIAMS MDTRUSTEE
Trustee or director
0.2$0$0$0
ALAN KINGTRUSTEE
Trustee or director
0.2$0$0$0
ALISHA BYRD-CLARKTRUSTEE
Trustee or director
0.2$0$0$0
AMY WILSON MDSECR
Trustee or director, Officer
0.2$0$0$0
APRILIA KUHNTRUSTEE (TO 5/1/23)
Trustee or director
0.2$0$0$0
CORY MENEESTRUSTEE
Trustee or director
0.2$0$0$0
JAMES MITCHELLTRUSTEE
Trustee or director
0.2$0$0$0
JOYCE GOODWINTRUSTEE
Trustee or director
0.2$0$0$0
KAY WILSONTRUSTEE
Trustee or director
0.2$0$0$0
MELISSA ALCORNTRUSTEE (FR 1/1/23)
Trustee or director
0.2$0$0$0
MICHAEL ARONTRUSTEE
Trustee or director
0.2$0$0$0
SAMANTHA HASPELTRUSTEE
Trustee or director
0.2$0$0$0
STARLING JOHNSONTRUSTEE
Trustee or director
0.2$0$0$0
STEPHEN BULLOCKVICE CHAIR
Trustee or director, Officer
0.2$0$0$0
WILLIAM GRAHAMTRUSTEE
Trustee or director
0.2$0$0$0
WILLIAM STATONTREAS
Trustee or director, Officer
0.2$0$0$0

Address and contacts

Address (IRS master file)
2085 FRONTIS PLAZA BLVD, WINSTON SALEM, NC 27103-5614
Principal officer (990 for 2024)
CARL ARMATO, 2085 FRONTIS PLAZA BLVD, WINSTON SALEM, NC 27103
Signed the 990
ALICE POPE, EVP & CFO
Phone
(336) 277-2411

Mission

SEE SCHEDULE O

990 for the year ended December 31, 2024

Program accomplishments

  • THE ORGANIZATION OPERATES TO RAISE COMMUNITY SUPPORT AND FUNDING THROUGH CHARITABLE GIVING FOR ESSENTIAL PROGRAMS, IMPROVED FACILITIES, AND STATE-OF-THE-ART TECHNOLOGY OF NOVANT HEALTH ROWAN MEDICAL CENTER, A NON-PROFIT HOSPITAL LOCATED IN SALISBURY, NC.
    Expenses $1,263,070 · grants $1,170,781

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
56-1424818
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1989
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E112)
Assets (IRS master file)
$59,597,191
Income (IRS master file)
$22,527,363

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,562,198$1,541,387$59,597,191XML
990December 2023$4,767,135$3,616,931$55,243,803XML
990December 2022$7,218,279$1,954,788$50,775,105IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-1424818).

Questions about ROWAN REGIONAL MEDICAL CENTER FOUNDATION INC

What is the EIN of ROWAN REGIONAL MEDICAL CENTER FOUNDATION INC?
The employer identification number (EIN) of ROWAN REGIONAL MEDICAL CENTER FOUNDATION INC is 56-1424818.
Is ROWAN REGIONAL MEDICAL CENTER FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
Are donations to ROWAN REGIONAL MEDICAL CENTER FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ROWAN REGIONAL MEDICAL CENTER FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ROWAN REGIONAL MEDICAL CENTER FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ROWAN REGIONAL MEDICAL CENTER FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of ROWAN REGIONAL MEDICAL CENTER FOUNDATION INC?
The 990 for the year ended December 31, 2024 names CARL ARMATO.
Who are the officers and directors of ROWAN REGIONAL MEDICAL CENTER FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 25 people; 0 received compensation from the organization.
How much revenue does ROWAN REGIONAL MEDICAL CENTER FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,562,198, expenses of $1,541,387 and total assets of $59,597,191 at year end.

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