Nonprofit · EIN 56-1479699
GASTON MEMORIAL HOSPITAL FOUNDATION INC
Tax-exempt · GASTONIA, NC 28054
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2024 | 990 | $4,058,046 | $1,993,280 | $2,064,766 | $32,229,853 | $55,498 | $32,174,355 |
| June 30, 2023 | 990 | $1,678,812 | $1,552,263 | $126,549 | $27,795,692 | $43,136 | $27,752,556 |
Financial details: 990 for the year ended June 30, 2024
Revenue
- Contributions, gifts and grants
- $2,729,708
- Program service revenue
- $0
- Investment income
- $1,328,338
- Net gain from sales of assets
- $590,403
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,468,192
- Other salaries and wages
- $268,026
- Salaries, compensation and benefits (total)
- $338,044
- Professional fundraising fees
- $0
- Program services (functional)
- $1,957,554
- Management and general (functional)
- $35,726
Balance sheet and other
- Total assets, start of year
- $27,795,692
- Total assets, end of year
- $32,229,853
- Total liabilities, end of year
- $55,498
- Net assets, end of year
- $32,174,355
- Publicly traded securities
- $23,434,210
- Net assets without donor restrictions
- $23,862,209
- Net assets with donor restrictions
- $8,312,146
- Gross receipts
- $4,058,046
- Employees
- 4
- Volunteers
- 0
- Year formed
- 1985
- 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 June 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Mr K Christopher Peek | CEO Officer | 1 | $0 | $1,764,966 | $309,455 |
| Mr David O'Connor | EVP/CFO/Asst. Treasurer/Director Trustee or director, Officer | 1 | $0 | $956,025 | $184,000 |
| Dr George Adcock lll | Secretary Trustee or director, Officer | 1 | $0 | $605,913 | $129,008 |
| Ms Leigh Hickman | CLO/Asst. Sec. Officer | 1 | $0 | $564,906 | $110,160 |
| Ms Mary Grace Bean | Director Foundation Highest-paid employee | 40 | $129,995 | $0 | $28,246 |
| Ms Janie Peak | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Mr Jason Austell | Director Trustee or director | 1 | $0 | $0 | $0 |
| Mr Steven Wilson | Director Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MR K CHRISTOPHER PEEK | CEO Officer | 1 | $0 | $1,558,081 | $286,732 |
| MR DAVID O'CONNOR | EVP/CFO/ASST. TREASURER Trustee or director, Officer | 1 | $0 | $884,243 | $174,464 |
| DR GEORGE ADCOCK III | SECRETARY Trustee or director, Officer | 1 | $0 | $552,436 | $121,405 |
| MS LEIGH HICKMAN | CLO/ASST. SEC. Officer | 1 | $0 | $465,494 | $103,464 |
| MS MARY GRACE BEAN | DIRECTOR FOUNDATION Highest-paid employee | 40 | $123,954 | $0 | $0 |
| MR BOB HOVIS | DIRECTOR (THROUGH 12/31/22) Trustee or director | 1 | $0 | $30,589 | $0 |
| MS JANIE PEAK | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MR JASON AUSTELL | DIRECTOR (BEGININNG 01/01/23) Trustee or director | 1 | $0 | $0 | $0 |
| MR STEVEN WILSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2525 COURT DR, GASTONIA, NC 28054-2140
- Principal officer (990 for 2023)
- DAVID OCONNOR, 2525 COURT DRIVE PO BOX 1747, GASTONIA, NC 28054
- Signed the 990
- DAVID OCONNOR, EVP, CFO
- Phone
- (704) 834-2000
- Website
- WWW.CAROMONT.ORG
- Return prepared by
- Forvis Mazars LLP
Mission
TO ENGAGE AND INSPIRE OUR COMMUNITY TO SUPPORT CAROMONT HEALTH IN PROVIDING COMPASSIONATE, EXCEPTIONAL AND HIGHLY RELIABLE CARE.
Program accomplishments
- The mission of the CaroMont Health Foundation is to engage and inspire the community to support CaroMont Health by providing compassionate, exceptional and highly reliable care. When donors choose to support the CaroMont Health Foundation, their contributions help fund scholarships, workplace development opportunities for employees and local students, and grants for lifesaving and life-changing treatments.Expenses $1,957,554 · grants $1,468,192
What it must file and when
IRS records say it files Not required (state instrumentality). Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-1479699
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1936
- Accounting year ends
- June
- Files
- Not required (state instrumentality)
- Category (NTEE)
- Health care (E21)
- Assets (IRS master file)
- $32,229,853
- Income (IRS master file)
- $4,058,046
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2024 | $4,058,046 | $1,993,280 | $32,229,853 | XML |
| 990 | June 2023 | $1,678,812 | $1,552,263 | $27,795,692 | XML |
| 990 | June 2022 | $2,489,196 | $1,483,784 | $26,052,596 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 56-1479699).
Questions about GASTON MEMORIAL HOSPITAL FOUNDATION INC
- What is the EIN of GASTON MEMORIAL HOSPITAL FOUNDATION INC?
- The employer identification number (EIN) of GASTON MEMORIAL HOSPITAL FOUNDATION INC is 56-1479699.
- Is GASTON MEMORIAL HOSPITAL FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1936.
- Are donations to GASTON MEMORIAL HOSPITAL FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GASTON MEMORIAL HOSPITAL FOUNDATION INC file?
- Form Not required (state instrumentality).
- When is the next return of GASTON MEMORIAL HOSPITAL FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GASTON MEMORIAL HOSPITAL FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2024.
- Who is the principal officer of GASTON MEMORIAL HOSPITAL FOUNDATION INC?
- The 990 for the year ended June 30, 2024 names DAVID OCONNOR.
- Who are the officers and directors of GASTON MEMORIAL HOSPITAL FOUNDATION INC?
- The 990 for the year ended June 30, 2024 lists 8 people; 1 received compensation from the organization.
- How much revenue does GASTON MEMORIAL HOSPITAL FOUNDATION INC have?
- On its 990 for the year ended June 30, 2024 it reported revenue of $4,058,046, expenses of $1,993,280 and total assets of $32,229,853 at year end.
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