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Pulling IRS BMF, Form 990 filings, peer benchmarks, programs, people, and grants.
Pulling IRS BMF, Form 990 filings, peer benchmarks, programs, people, and grants.
DBA: Novant Health FORSYTH Medical Center Foundation
Legal name: FORSYTH Medical Center Foundation
EIN 56-2120959 · Snapshot of IRS recognition, filing currency, financial health, and governance.
Novant Health, inc. is a non-profit integrated network of more than 900 locations, including 19 Medical centers, more than 750 physician clinics and urgent care centers, outpatient facilities, and imaging and pharmacy services. Novant Health's more than 40,000 team members along with more than 8,500 independent and employed clinicians care for patients and communities in north carolina and south carolina. The Novant Health integrated healthcare system operates to carry out its charitable mission of improving the Health of communities it serves and making healthcare remarkable for patients. Novant Health accomplishes that mission by providing and supporting excellent healthcare facilities and physician practices and by making a commitment to community outreach/service through the provision of community benefit programs. By bringing together world-class technology and clinicians to provide quality care, Novant Health is committed to creating a healthcare experience that is simpler, more convenient and more affordable so patients can focus on getting better and staying healthy. In 2024, Novant Health provided more than 7 Million patient visits and over $1.6 Billion of community benefit expenditures system-wide. FORSYTH Medical center foundation ("fmcf") is an integral part of the Novant Health system. Fmcf, doing business as Novant Health FORSYTH Medical center foundation, exists to seek grants, accept gifts, invest funds, and administer donations in support of FORSYTH memorial hospital, doing business as Novant Health FORSYTH Medical center ("nhfmc"), Novant Health kernersville Medical center ("nhkmc"), and Novant Health clemmons Medical center ("nhcmc"). Fmcf's mission is to engage donors in projects and initiatives that improve the Health of the communities served by Novant Health. Fmcf's cause is to create a healthier future and bring remarkable experiences to life. Fmcf supports patients, families, caregivers, and team members with programs and services providing expanded care, treatment and prevention options. Fmcf also provides a mission-aligned grant to the community care center to supplement healthcare and prevention programs for underserved and uninsured patients. Its diverse board of community leaders from winston salem, clemmons, kernersville and greensboro, north carolina provides stewardship and oversight of the organization's operations and activities. Community outreach is a critical component to the mission of Novant Health. The healthcare system provides hundreds of programs that serve patients, neighbors, and some of the communities' most vulnerable citizens. Novant Health also provides financial assistance (I.e., charity care) for its qualified uninsured patients, catastrophic settlements and long-term payment plans to medically indigent patients, services to patients with Medicare, Medicaid, and other government Medical program coverage (reimbursed at less than cost), community Health education, support groups, subsidized outreach services and community events/screenings. In addition, Novant Health participates in Medical research, as well as academic Health programs and partnerships with a diverse group of organizations to provide other community initiatives. Novant Health is also committed to supporting the communities it serves through charitable contributions to community-based programs that improve Health equity and upward mobility for those who need it most. Toward that goal, Novant Health invests in community-based programs that align with its two investment priorities of developing healthy communities and expanding opportunities for healthcare education. In 2024, fmcf's gifts, grants, and earnings from investments were used to support many patient and community outreach programs, touching virtually every institute at nhfmc. Examples of financial support provided to nhfmc include: - salary funding for Oncology nurse navigators, patient medication & transportation, nursing education financial awards, mammograms, and staff education. - salary funding for community Health workers supporting patients with chronic Health conditions like Diabetes, copd, and congestive heart failure. Patients participated in a 90-day program providing needed tools to manage diseases with the goal of sustainable healthy outcomes and decreasing emergency department utilization rates. - blood pressure cuffs and scales for patients with chronic heart disease, especially important when patients are not able to easily visit a provider's office or pharmacy to monitor their weight. - dental care for patients with head/neck cancer requiring expensive oral surgery prior to undergoing cancer treatment. - operational funding for first steps, an in-home nurse visit program for new mothers delivering at nhfmc and supporting FORSYTH and davidson counties, which connects patients with a range of community resources including postpartum depression screening and support. - financial support for team members through the upward mobility rn award, including tuition, books & fees, professional development opportunities, and financial literacy programming. - team member wellness spaces at nhkmc and nhfmc. - funding for the renovation and expansion of Novant Health today's woman ob/gyn and today's Pediatrics to add today's adult family medicine, in addition to operational support. This clinic serves patients in an underserved community and provides bilingual team members to assist patients with transportation, social work support, and connections with external community non-profit partners. - financial support for Novant Health's employee emergency fund, supporting rent & utility payments and groceries for team members facing emergencies or other financial challenges. - operational funding for the women's council of fmcf, which engages women in raising the standard for women's Health and expanding healthcare opportunities for all women, regardless of their economic circumstances. - financial support for patients battling cancer to participate in wellness programming, which includes social and emotional support, nutrition counseling, and exercise classes. - salary and benefits for three chaplains in the triad region to support patients and team members during times of crisis.
Principal Officer
Carl Armato
Total Revenue
$5.1M
FY2024
Total Expenses
$4.6M
FY2024
Net Assets
$89.5M
Program Ratio
83.0%
expenses on programs
Employees
8
Volunteers
22
Board Members
27
Voting
22
Independent
8 answers compiled from IRS Form 990, BMF, Pub 78, and the Auto-Revocation List.