Investing in the health of our communities.
Non-profit hospitals are community-oriented institutions, driven by a mission to serve the community — a mission reflected in governance, strategy, services and programs. Required reporting reflects community benefit investments and charity care. Form 990 is designed to enhance transparency through a clearer picture of the organization’s mission, finances, operations and use of resources.
Vidant Health submits a 990 form to provide the IRS and the public with information regarding the activities and policies of not-for-profit, tax-exempt organizations. It gives us the opportunity to share system information as well as details about what we do, the care we provide, and who we serve.
How We Serve Eastern North Carolina
990 returns are filed each year for the following:
- Vidant Health
- Vidant Medical Center
- Vidant Community Hospitals
- The Outer Banks Hospital
- SurgiCenter Services of Pitt County
- Health Access
- Vidant Medical Group
- Vidant Health Foundation
- Vidant Properties
As a not-for-profit organization, Vidant reinvests all excess revenues over expenses into programs, services and facilities that provide access to patient care and health services for the people of eastern North Carolina — such as the children’s hospital addition, new equipment, and recruitment of new physicians.
We partner with medical and community agencies to assess the most pressing health care needs. Recent efforts have focused on diabetes, pediatric asthma, school health, injury prevention, access to care, nutrition enhancement, physical activities and chronic disease screenings. In addition, several programs have been implemented to help manage the care of Medicaid enrollees, address access to both medical care and medications for the uninsured, and coordinate services for children with obesity.
990 Forms FAQs
The form consists of three main sections: a summary page, the core form and additional schedules. The summary page details basic information about the organization, such as location, mission and a brief outline of financial information.
The core form consists of 12 sections that give more specific information regarding program service accomplishments, tax compliance, governance, management, policies and compensation. Additional schedules include information about contributors, lobbying activities, charity care, community benefits, compensation and related parties. Several of these schedules have been added over the last few years and are designed to increase transparency and compliance.
Schedule H was added in 2008 and is specific to hospitals. This form provides detailed information under six categories: (i) charity care and other community benefits; (ii) community building; (iii) Medicare, bad debt and collection practices; (iv) management companies and joint ventures; (v) facility information; and (vi) supplemental information related to community benefits and procedures. The information on Schedule H is an important resource in determining how well a hospital is fulfilling its tax-exempt purpose and mission.
Schedule J contains specifics regarding compensation paid to officers, directors, trustees, key employees and highest-compensated employees. Information here concerns the types of compensation paid as well as the methods the organization uses to determine compensation.
Schedule O is an open-ended form with additional details and explanations about other areas of the return. At Vidant Health, we also use this schedule to describe our organization in detail and give extensive information about how we accomplish our mission in serving eastern North Carolina.
Specific 990 forms can be downloaded directly through the links below.