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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 Presbyterian Medical Center Foundation
Legal name: Presbyterian Hospital Foundation
EIN 58-1413074 · 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 on an annual basis. Presbyterian hospital foundation ("pmcf") is an integral part of the Novant Health. Pmcf, doing business as Novant Health Presbyterian Medical center foundation, exists to seek grants, accept gifts, invest funds, and administer donations in support of the Presbyterian hospital (doing business as Novant Health Presbyterian Medical center ("nhpmc"), Novant Health huntersville Medical center, hemby children's hospital, and Novant Health charlotte orthopedic hospital), Novant Health mint hill Medical center, Novant Health matthews Medical center, and Novant Health ballantyne Medical center, as well as their strategic partners providing healthcare in the community. Pmcf's mission is to support the Novant Health system in improving the Health of our communities, one person at a time. Pmcf supports patients, families, caregivers, and team members with programs and services providing expanded care, treatment and prevention options at its supported hospitals. Pmcf also provides mission-aligned grants to community partners that help supplement healthcare and prevention programs for underserved patients. Pmcf's board of trustees consists of community leaders and citizens in and around the greater charlotte area of north carolina, who are committed to improving the lives of others through philanthropy. Working together, pmcf's board and staff receive support from a variety of funding sources including individuals, corporations and foundations, as well as through various fundraising activities. All fundraising events have multiple objectives: to raise money and provide an avenue for people in the community to support the hospital. Special events offer a connection to the foundation by participation, involvement and creating ownership in the community. 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, pmcf's gifts, grants, and earnings from investments were used to support many patient and community outreach programs. Examples of financial support provided to pmcf's supported hospitals include: - capital funding for a new state of the art team member duress system, to best protect bedside staff members in the greater charlotte region through unrestricted dollars. Over 7,100 team members will be supported. - capital funding for Novant Health pmc school of radiologic technology, which supported the expansion of the class space, allowing the class sizes to double in this much needed field. Increasing class sizes helps Novant Health train upcoming radiologic technologist, a field experiencing great human capital need. - operational funding for infant sleep sacks to promote safe sleep habits for all babies born within the greater charlotte region. - operational funding for Novant Health's community care cruiser, which continues to improve children's Health by providing access to preventative care. With a full-time staff (Medical director, nursing staff, social worker), this team has provided over 23,000 immunizations since being placed into service in 2017. The cruiser rotates services between more than 10 locations, including libraries, grocery stores, recreation centers, schools, and non-profit organizations. As many families in charlotte and surrounding communities face barriers to care (including cost, transportation, and citizenship), over 240 encounters were completed by the community care cruiser for preventative Health support on a monthly basis. - capital funding for the addition of four scalp cooling machines for patients undergoing Chemotherapy who would like to try this modality to reduce hair loss. - operational funding for the ease software, that was designed to support on-going communication between parents their child's care team while their child is in the Novant Health hemby children's hospital neonatal intensive care unit. - operational funding for the upward mobility fund, a workforce initiative supporting highly skilled team members with reaching their career goals while providing a living wage that raises the participant out of poverty. Each team member participant receives up to two years of upfront coverage of tuition and fees for an accredited nursing program leading to licensure as a registered nurse, flexibility of working a reduced schedule without a reduction in pay, time to study, career coaching, and mentorship.
Principal Officer
Carl Armato
Total Revenue
$15.5M
FY2024
Total Expenses
$6.8M
FY2024
Net Assets
$114.2M
Program Ratio
84.1%
expenses on programs
Employees
13
Volunteers
77
Board Members
22
Voting
17
Independent
8 answers compiled from IRS Form 990, BMF, Pub 78, and the Auto-Revocation List.