Program areas at GCF
In, 1915, the Organization was originally granted a charter as a non-profit organization operating as a hospital. As reported in the 990 for the year ending June 30, 2010, the organization sold its hospital operations to an unrelated third party. FYE June 30, 2015, the Organization incurred reminent expenses for its former hospital operations that were not included or accrued in the prior financial statements. These expenses insurance liability tail insurance as well as final settlement costs resulting from the sale of the former hopsital. Cash expenditures, for which were previously accrued amounted to $347,057, inclusive of adjustments to third party payor reimbursements and liabilities.
To achieve its exempt purpose and deploy its assets efficiently as it transitions from a hospital described in 170(b)(1)(A)(iii) to a 509(a)(2) organization, the volunteer Board of Directors engaged in a variety of strategies including grants and other programs to accomplish its mission.
The Board of Directors voted as of May 2010, the Organization could better serve its community through means other than operating non-profit hospitals. The Organization provides reasonably priced health care facilities in order to recruit and maintain healthcare providers to Clark County / Winchester, KY and surrounding counties which it has historically provided. The Organization is performing these tasks by continuing to maintain and rent real property retained by the Organization after the sale of its hospital operations.
The organization is investigating the restoration of hospital land into park and recreational areas for the socio-economic, health and well being of citizens in its mission area.
The organization is currently restoring The former hospital campus and land into park and recreational areas (project 1107) for The socio-economic, health and well being of citizens in its mission area. Reminent parcels of land from The former 501(c)(3) hospital, which included buildings were abandoned for park use. Direct expense includes park conception consultation, design and grounds maintenance.
To achieve its exempt purpose and deploy its assets efficiently as it transitions from a hospital described in 170(b)(1)(a)(iii) to a 509(a)(2) organization, The volunteer board of directors engaged in a variety of strategies including grants and other programs to accomplish its mission. The organization is assisting, promoting and educating for a variety of other programs which include The place making, civic engagement,and capacity building, ambition grants, and other programs.
Charitable use property rental income in Clark & powell counties, ky
Rebates & refunds on purchases related to exempt purpose