Presbyterian Hospital Foundation
Also known as Novant Health Presbyterian Medical Center Foundation
Presbyterian Hospital Foundation reported $15.5 million in revenue and $6.8 million in expenses for calendar year 2024. Of every $100 it spent, $84.06 went to program services, $11.56 to management and general costs and $4.38 to fundraising. Its largest source of revenue was contributions and grants: 77.1% of the total. The highest compensation it reported for one person was $1,620,829 (FMR OFFICER (12/31/19)). 3 people received more than $100,000 in reportable compensation. Revenue rose 26% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $6.8MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $15MOther revenue was negative: −$50,961. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 84.1% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 11.6% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 4.4% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.03 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 77.1% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $1,620,829 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 23.67% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 3 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 200.2 | 6.6 |
| Independent voting board members Part VI 1a–1b | 17 of 22 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseThe 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
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| FMR OFFICER (12/31/19) Former, 0.00 hrs/week | $0 | $1,421,376 | $199,453 | $1,620,829 |
| CFO (TO 4/28/24) Officer, 0.20 hrs/week | $0 | $1,254,252 | $45,078 | $1,299,330 |
| EVP/CFO (FR 4/29/24) Officer, 0.20 hrs/week | $0 | $991,687 | $183,469 | $1,175,156 |
| TRUSTEE/ORTHOPAEDIST Director/trustee, 0.20 hrs/week | $0 | $1,048,333 | $57,410 | $1,105,743 |
| SVP FDN (TO 6/1/24) Officer, 8.00 hrs/week | $0 | $803,158 | $39,237 | $842,395 |
| CHAIR/OBSTETRICIAN Director/trustee, officer, 0.50 hrs/week | $0 | $480,692 | $42,320 | $523,012 |
| VP CHIEF PHILANTHROPY OFF(FR 6/2/24) Officer, 8.00 hrs/week | $0 | $290,978 | $14,848 | $305,826 |
| EXEC DIRECTOR (TO 11/17/24) Officer, 50.00 hrs/week | $180,004 | $14,776 | $34,859 | $229,639 |
3 people received more than $100,000 in reportable compensation from Presbyterian Hospital Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $386K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b22 · 17 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 513
- Volunteers Part I, line 677
Private foundation grants it received
3 private foundations reported grants to Presbyterian Hospital Foundation totaling $3,813 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Presbyterian Hospital Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Presbyterian Hospital Foundation, you can publish a response that is linked from this page.
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Of every $100 Presbyterian Hospital Foundation spent in 2024, $84.06 went to programs. The full breakdown, from its IRS Form 990:
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All health care charities · Largest charities in North Carolina
Questions people ask
How much of Presbyterian Hospital Foundation's spending goes to programs?
In calendar year 2024, Presbyterian Hospital Foundation reported that 84.1% of its $6.8 million in expenses went to program services, 11.6% to management and general and 4.4% to fundraising (Form 990, Part IX).
How much does Presbyterian Hospital Foundation pay its top executive?
The largest total compensation Presbyterian Hospital Foundation reported for one person in calendar year 2024 was $1,620,829, for the role of FMR OFFICER (12/31/19) (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Presbyterian Hospital Foundation get its money?
Of $15.5 million in revenue in calendar year 2024, 77.1% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Presbyterian Hospital Foundation a registered charity?
The IRS lists EIN 58-1413074 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202523189349307122 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202403199349307430 · read the filing
- 2022: Form 990 for calendar year 2022, object 202333189349307373 · read the filing
- 2021: Form 990 for calendar year 2021, object 202233189349313623 · read the filing
- 2020: Form 990 for calendar year 2020, object 202123169349310847 · read the filing
- 2019: Form 990 for calendar year 2019, object 202013079349301346 · read the filing
All filings for EIN 58-1413074: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.