Brunswick Novant Medical Center Foundation
DBA: NOVANT HEALTH BRUNSWICK MEDICAL CENTER FOUNDATION
SEE SCHEDULE O
IRS Tax Year 2024
Period ending December 31, 2024
Total Revenue
$545K
Total Expenses
$345K
Net Assets
$11.7M
Employees
0
Volunteers
9
Grants Paid
$217K
Program Expense Ratio
68.6%
Fundraising Efficiency
466.9%
This nonprofit profile presents IRS Form 990 tax filing data for Brunswick Novant Medical Center Foundation (EIN: 27-4616751), based on the 2024 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
Brunswick Novant Medical Center Foundation is a 501(c)(3) nonprofit headquartered in WINSTON SALEM, NC, founded in 2010. It is classified under NTEE code E12 (Fund Raising & Fund Distribution), within the Healthcare category. The organization has held tax-exempt status since 2013. In its 2024 filing, the organization reported $545K in total revenue, a 291.7% increase from the prior year, and $345K in total expenses. The organization engaged 9 volunteers. KIMBERLY HENDERSON, FMR OFFICER, is the highest-compensated individual at $1,620,829. The organization runs 1 program, totaling $237K in program expenses. 4 of 6 recommended governance policies are in place.
Brunswick Novant Medical Center Foundation is classified under NTEE code E12 (Fund Raising & Fund Distribution), which falls within the Healthcare category. Its foundation type is 15.
Programs(Tax Year 2024)
1 record
Brunswick Novant Medical Center Foundation operates 1 program, with total program expenses of $237K. Brunswick Novant Medical Center Foundation's largest program accounts for 100% of total program spending.
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 BRUNSWICK MEDICAL CENTER, A NON-PROFIT HOSPITAL LOCATED IN BOLIVIA, NC.
Financial Overview(Tax Years 2019–2024)
6 records
Over the past 6 years, Brunswick Novant Medical Center Foundation's revenue has grown from $199K to $545K, a 173.8% increase. Program expenses represent 69% of total spending.
Revenue increased 291.7% year-over-year, while expenses grew 16.1%. net assets rose to $11.7M, up 2.8% from the prior year.
Brunswick Novant Medical Center Foundation derives 89% from contributions and grants, with 11% from investment income.
Revenue is primarily driven by contributions and grants (89%), with investment income at 11%.
Brunswick Novant Medical Center Foundation allocates 69% to programs, 1% to management and general, 30% to fundraising.
Revenue grew by 291.7% while expenses grew by only 16.1%, suggesting improving operational efficiency.
Brunswick Novant Medical Center Foundation distributed $217K in grants to other organizations and individuals, representing 63% of total expenses.
Over 6 filings from 2019–2024, Brunswick Novant Medical Center Foundation grew revenue from $199K to $545K (+173.8%) while maintaining a program expense ratio of 69%.
Brunswick Novant Medical Center Foundation holds $11.8M in total assets against $89K in liabilities (debt-to-asset ratio of 1%). The organization has 406.6 months of operating reserves. Cash and equivalents of $9.7M cover approximately 337.5 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2024 | $545K | $485K | $0 | $0 | $59K |
| 2023 | $139K | $124K | $0 | $0 | $15K |
| 2022 | $7.5M | $7.4M | $0 | $0 | $27K |
| 2021 | $3.5M | $3.4M | $0 | $0 | $75K |
| 2020 | $623K | $604K | $0 | $0 | $14K |
| 2019 | $199K | $174K | $0 | $0 | $24K |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2024 | $345K | $237K | $4K | $104K | $217K |
| 2023 | $297K | $179K | $639 | $0 | $177K |
| 2022 | $767K | $726K | $30K | $11K | $724K |
| 2021 | $229K | $101K | $89K | $40K | $93K |
| 2020 | $215K | $71K | $107K | $36K | $52K |
| 2019 | $223K | $104K | $84K | $35K | $97K |
Program Expense Ratio
68.6%
Admin Expense Ratio
1.3%
Fundraising Efficiency
466.9%
Operating Reserve
406.6 mo
People & Compensation(Tax Year 2024)
18 records
Brunswick Novant Medical Center Foundation reported compensation for 18 officers and key employees. Total officer compensation was $5.5M, representing 1594.1% of total expenses. 4 individuals received total compensation exceeding $500,000.
Brunswick Novant Medical Center Foundation's highest-compensated individual received $1.6M in total compensation. Total officer compensation of $5.5M represents 1594.1% of total expenses. 3 individuals received total compensation exceeding $1,000,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| KIMBERLY HENDERSON | FMR OFFICER | Former | — | $0 | $1,421,376 | $1,620,829 |
| GEOFFREY GARDNER | CFO (TO 4/28/24) | Officer | 0.20 | $0 | $1,254,252 | $1,299,330 |
| ALICE POPE | EVP/CFO (FR 4/29/24) | Officer | 0.20 | $0 | $991,687 | $1,175,156 |
| DOROTHY ANN CAULKINS | SVP FDN (TO 6/1/24) | Officer | 8.00 | $0 | $803,158 | $842,395 |
| SHARON HARRINGTON | VP CHIEF PHILANTHROPY OFF(FR 6/2/24) | Officer | 8.00 | $0 | $290,978 | $305,826 |
| KRISTIN TAIT | CHAIR (TO 12/31/24)/INTEGR PROJ MGR | OfficerDirector | 0.50 | $0 | $102,198 | $145,551 |
| MARGARET WASSUM | EXEC DIRECTOR | Officer | 50.00 | $0 | $96,479 | $111,198 |
| SHARONDA DAVIS | TRUSTEE (TO 2/1/24) | Director | 0.20 | $0 | $0 | $0 |
| STEVEN MOORE | VICE CHAIR (FR 1/1/24) | OfficerDirector | 0.50 | $0 | $0 | $0 |
| WENDY MILLIGAN | TRUSTEE (FR 1/1/24) | Director | 0.20 | $0 | $0 | $0 |
| LANNIN BRADDOCK | TRUSTEE (TO 12/31/24) | Director | 0.20 | $0 | $0 | $0 |
| TIMOTHY DANIELS | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| WALTER BRYANT | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| KIMMIE DURHAM | TRUSTEE (TO 12/31/24) | Director | 0.20 | $0 | $0 | $0 |
| JOHN CAUSEY | TRUSTEE | Director | 0.20 | $0 | $0 | $0 |
| JEAN MORELLI | TRUSTEE (FR 2/1/24) | Director | 0.20 | $0 | $0 | $0 |
| PAMELA DUNCAN | TRUSTEE (FR 1/1/24) | Director | 0.20 | $0 | $0 | $0 |
| DEB PICKETT | SECRETARY/TREASURER (FR 1/1/24) | OfficerDirector | 0.50 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
KIMBERLY HENDERSON
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
GEOFFREY GARDNER
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
ALICE POPE
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
DOROTHY ANN CAULKINS
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
SHARON HARRINGTON
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Governance & Compliance(Tax Year 2024)
Brunswick Novant Medical Center Foundation has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 11 members, 10 of whom are independent.
Brunswick Novant Medical Center Foundation's financial statements are audited, an audit committee oversees the process.
Policies & Oversight
Audit & Financial Oversight
Grants Awarded(Tax Year 2024)
5 records
Brunswick Novant Medical Center Foundation awarded $161K across 1 grant to organizations. Top recipients include NOVANT HEALTH INC (WINSTONSALEM, NC) — $161K for to support novant health brunswick medical center. The organization also provided grants to individuals (868 recipients) totaling $54K, including patient transportation, mammograms, employee emergency fund, patient assistance.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| NOVANT HEALTH INC561376950 | WINSTONSALEM, NC | $161K | TO SUPPORT NOVANT HEALTH BRUNSWICK MEDICAL CENTER |
Grants to Individuals
| Type | Recipients | Amount |
|---|---|---|
| PATIENT TRANSPORTATION | 33 | — |
| MAMMOGRAMS | 303 | $30K |
| EMPLOYEE EMERGENCY FUND | 17 | $13K |
| PATIENT ASSISTANCE | 515 | $11K |
Supplemental Financial Data(Tax Year 2024)
The endowment stands at $11.0M, with $485K in new contributions.
Filing History(Tax Years 2013–2024)
6 records
Showing the 6 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2024 | 990 | 2024-01-01 – 2024-12-31 | $545K | $345K | $11.7M |
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $139K | $297K | $11.4M |
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $7.5M | $767K | $11.4M |
| 2021 | 990 | 2021-01-01 – 2021-12-31 | $3.5M | $229K | $11.9M |
| 2020 | 990 | 2020-01-01 – 2020-12-31 | $623K | $215K | $1.6M |
| 2019 | 990 | 2019-01-01 – 2019-12-31 | $199K | $223K | $830K |
| 2013–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does Brunswick Novant Medical Center Foundation do?
SEE SCHEDULE O
How much revenue does Brunswick Novant Medical Center Foundation have?
Brunswick Novant Medical Center Foundation reported $544,615 in total revenue for tax year 2024, up 291.7% from the prior year.
Who is the highest-paid executive at Brunswick Novant Medical Center Foundation?
KIMBERLY HENDERSON, FMR OFFICER, received $1,620,829 in total compensation as of tax year 2024.
Is Brunswick Novant Medical Center Foundation a 501(c)(3)?
Yes, Brunswick Novant Medical Center Foundation is classified as a 501(c)(3) tax-exempt organization.
Where is Brunswick Novant Medical Center Foundation located?
Brunswick Novant Medical Center Foundation is headquartered in WINSTON SALEM, NC 27103.
What type of nonprofit is Brunswick Novant Medical Center Foundation?
Brunswick Novant Medical Center Foundation is classified under NTEE code E12 (Fund Raising & Fund Distribution), within the Healthcare category. It is a 501(c)(3) tax-exempt organization.
Is Brunswick Novant Medical Center Foundation audited?
Yes, Brunswick Novant Medical Center Foundation's financial statements are audited, and the organization has an audit committee.
How much does Brunswick Novant Medical Center Foundation spend on fundraising?
Brunswick Novant Medical Center Foundation reported $103,921 in fundraising expenses for tax year 2024, which represents 30.1% of total expenses.
Does Brunswick Novant Medical Center Foundation give grants?
Yes, Brunswick Novant Medical Center Foundation distributed $217,295 in grants to other organizations and individuals in tax year 2024. Top recipients include NOVANT HEALTH INC.
Data Source
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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