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Nonprofit · EIN 58-1413074

PRESBYTERIAN HOSPITAL FOUNDATION

Also known as NOVANT HEALTH PRESBYTERIAN MEDICAL

Tax-exempt · WINSTON SALEM, NC 27103

Financials

$12.9M$8.1M2023$15.5M$6.8M2024
Revenue Expenses · by fiscal year end
Financials of PRESBYTERIAN HOSPITAL FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$15,482,640$6,848,203$8,634,437$115,557,464$1,312,669$114,244,795
December 31, 2023990$12,911,600$8,084,656$4,826,944$101,423,137$1,480,134$99,943,003
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$11,940,947
Program service revenue
$0
Investment income
$3,592,654
Net gain from sales of assets
$2,382,714
Net income from fundraising events
-$50,961
Other revenue
-$50,961

Expenses

Grants and similar amounts paid
$5,458,878
Compensation of officers, directors and key employees
$385,584
Other salaries and wages
$323,577
Salaries, compensation and benefits (total)
$818,169
Professional fundraising fees
$0
Occupancy
$16,319
Travel
$13,333
Depreciation
$8,083
Program services (functional)
$5,756,540
Management and general (functional)
$791,550
Fundraising (functional)
$300,113

Balance sheet and other

Total assets, start of year
$101,423,137
Total assets, end of year
$115,557,464
Total liabilities, end of year
$1,312,669
Net assets, end of year
$114,244,795
Land, buildings and equipment
$21,996
Publicly traded securities
$73,299,815
Net assets without donor restrictions
$55,446,123
Net assets with donor restrictions
$58,798,672
Gross receipts
$50,775,161
Employees
13
Volunteers
77
Year formed
1980
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
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
JERRY BARRON MDTRUSTEE/ORTHOPAEDIST
Trustee or director
0.2$0$1,048,333$57,410
DOROTHY ANN CAULKINSSVP FDN (TO 6/1/24)
Officer
8$0$803,158$39,237
TIFFANI JONES MDCHAIR/OBSTETRICIAN
Trustee or director, Officer
0.5$0$480,692$42,320
SHARON HARRINGTONVP CHIEF PHILANTHROPY OFF(FR 6/2/24)
Officer
8$0$290,978$14,848
KATHLEEN BOYLANEXEC DIRECTOR (TO 11/17/24)
Officer
50$180,004$14,776$34,859
AMY MCKINNEYEXEC DIRECTOR (FR 11/18/24)
Officer
50$143,041$0$30,384
JUSTIN TRAKASPHILANTHROPY MANAGER
Highest-paid employee
45$120,617$0$19,145
JENNIFER CLIFFORDFMR OFFICER (9/20/21)
Former
0$0$127,302$9,899
AYANNA CHANCETRUSTEE
Trustee or director
0.2$0$0$0
CALDWELL ROSETRUSTEE
Trustee or director
0.2$0$0$0
CLAUDE CLOSETRUSTEE (FR 1/1/24)
Trustee or director
0.2$0$0$0
DARRIN BOLANDTRUSTEE
Trustee or director
0.2$0$0$0
17 more people on this return
NameTitleHours / weekCompensation
DAVID GROOMESTRUSTEE
Trustee or director
0.2$0
EDGARDO MARTINEZTRUSTEE
Trustee or director
0.2$0
ELIZABETH CORNELSON-WEISIGERTRUSTEE
Trustee or director
0.2$0
JENNIFER DOYLETRUSTEE
Trustee or director
0.2$0
JEWELL HOOVERTRUSTEE
Trustee or director
0.2$0
JOHN COMLYTREASURER
Trustee or director, Officer
0.5$0
JOHN HONDROSTRUSTEE
Trustee or director
0.2$0
KATE HATCHERTRUSTEE
Trustee or director
0.2$0
LUIS LLUBERASTRUSTEE
Trustee or director
0.2$0
MARY WINSTONTRUSTEE (TO 4/23/24)
Trustee or director
0.2$0
MICHAEL WILESSECRETARY
Trustee or director, Officer
0.5$0
NATALIE ALSTONTRUSTEE
Trustee or director
0.2$0
OLIVER BADGIOTRUSTEE
Trustee or director
0.2$0
ROCHELLE RIVASTRUSTEE (FR 1/1/24)
Trustee or director
0.2$0
STONEY SELLARSTRUSTEE
Trustee or director
0.2$0
TERRENCE LINNERTTRUSTEE
Trustee or director
0.2$0
VONDA HUSSVICE CHAIR
Trustee or director, Officer
0.5$0
990 for the year ended December 31, 2023: 36 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
FRED HARGETTEVP/CFO (TO 9/6/23)
Officer
0.2$0$2,400,670$50,705
SIDNEY FLETCHER MDTRUSTEE(TO 12/31/23),SVP CHF CLN OFF
Trustee or director
0.2$0$1,091,207$158,633
KIMBERLY HENDERSONFMR OFFICER (12/31/19)
Former
0$0$1,085,117$155,975
JERRY BARRON MDTRUSTEE/ORTHOPAEDIST
Trustee or director
0.2$0$1,075,644$56,818
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
TIFFANI JONES MDCHAIR (FR 11/15/23)/OBSTETRICIAN
Trustee or director, Officer
0.2$0$513,065$37,668
KATHLEEN SPIZZIRRIEXEC DIRECTOR
Officer
50$188,861$0$31,110
JENNIFER CLIFFORDFMR OFFICER (9/20/21)
Former
0$0$130,818$9,903
JUSTIN TRAKASPHILANTHROPY MANAGER
Highest-paid employee
45$112,810$0$18,166
AMY MCKINNEYPHILANTHROPY MANAGER
Highest-paid employee
45$101,597$0$28,027
NICHOLE BURTONPHILANTHROPY MANAGER
Highest-paid employee
45$85,528$25,608$6,954
AYANNA CHANCETRUSTEE
Trustee or director
0.2$0$0$0
CALDWELL ROSETRUSTEE
Trustee or director
0.2$0$0$0
CHARLOTTE WICKHAMTRUSTEE (TO 12/31/23)
Trustee or director
0.2$0$0$0
CHIP NISBETTRUSTEE (TO 12/31/23)
Trustee or director
0.2$0$0$0
DARRIN BOLANDTRUSTEE
Trustee or director
0.2$0$0$0
DAVID GROOMESTRUSTEE
Trustee or director
0.2$0$0$0
EDGARDO MARTINEZTRUSTEE
Trustee or director
0.2$0$0$0
ELIZABETH CORNELSON-WEISIGERTRUSTEE
Trustee or director
0.2$0$0$0
EMILY HARRYTRUSTEE (TO 12/31/23)
Trustee or director
0.2$0$0$0
JENNIFER DOYLETRUSTEE, SECR (TO 11/15/23)
Trustee or director, Officer
0.2$0$0$0
JEWELL HOOVERTRUSTEE (FR 1/1/23)
Trustee or director
0.2$0$0$0
JOHN CASHIONTRUSTEE (TO 12/31/23)
Trustee or director
0.2$0$0$0
JOHN COMLYTRUSTEE
Trustee or director
0.2$0$0$0
JOHN HONDROSTRUSTEE
Trustee or director
0.2$0$0$0
KATE HATCHER MDTRUSTEE, CHAIR (TO 11/15/23)
Trustee or director, Officer
0.2$0$0$0
LUIS LLUBERASTRUSTEE
Trustee or director
0.2$0$0$0
MARY WINSTONTRUSTEE (FR 1/1/23)
Trustee or director
0.2$0$0$0
MICHAEL WILESTRUSTEE, SECR (FR 11/15/23)
Trustee or director, Officer
0.2$0$0$0
NATALIE ALSTONTRUSTEE
Trustee or director
0.2$0$0$0
OLIVER BADGIOTRUSTEE
Trustee or director
0.2$0$0$0
STONEY SELLARSTRUSTEE
Trustee or director
0.2$0$0$0
TERRENCE LINNERTTRUSTEE (FR 1/1/23)
Trustee or director
0.2$0$0$0
VONDA HUSSTRUSTEE, VICE CHAIR (FR 11/15/23)
Trustee or director, Officer
0.2$0$0$0
WILLIAM COWANTREAS (TO 12/31/23)
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 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.
    Expenses $5,756,540 · grants $5,458,878

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
58-1413074
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
1980
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E22I)
Assets (IRS master file)
$115,557,464
Income (IRS master file)
$50,775,161

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$15,482,640$6,848,203$115,557,464XML
990December 2023$12,911,600$8,084,656$101,423,137XML
990December 2022$18,946,745$8,560,021$90,424,635IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 58-1413074).

Questions about PRESBYTERIAN HOSPITAL FOUNDATION

What is the EIN of PRESBYTERIAN HOSPITAL FOUNDATION?
The employer identification number (EIN) of PRESBYTERIAN HOSPITAL FOUNDATION is 58-1413074.
Is PRESBYTERIAN HOSPITAL FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
Are donations to PRESBYTERIAN HOSPITAL FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PRESBYTERIAN HOSPITAL FOUNDATION 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 PRESBYTERIAN HOSPITAL FOUNDATION 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 PRESBYTERIAN HOSPITAL FOUNDATION 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 PRESBYTERIAN HOSPITAL FOUNDATION?
The 990 for the year ended December 31, 2024 names CARL ARMATO.
Who are the officers and directors of PRESBYTERIAN HOSPITAL FOUNDATION?
The 990 for the year ended December 31, 2024 lists 32 people; 3 received compensation from the organization.
How much revenue does PRESBYTERIAN HOSPITAL FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $15,482,640, expenses of $6,848,203 and total assets of $115,557,464 at year end.

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