Somc Development Foundation
Fiscal year ending 2021. Filed on May 13, 2022.
1805 27th Street
Portsmouth, Ohio 45662
Somc Development Foundation (EIN: 31-0677520) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2021 IRS Form 990 filing, Somc Development Foundation, a 501(c)(3) charitable organization, reported compensation for 6 employees. Among the employees shown here, the average compensation is $633,846. The highest compensated employee at Somc Development Foundation is Randal Arnett with fiscal year 2021 compensation of $993,673.
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Mission Statement
SOMC DEVELOPMENT FOUNDATION IS AN ORGANIZATION CONSISTING OF VOLUNTEER AMBASSADORS OF SERVICE AND PERFORMING FUNDRAISING FOR THE BENEFIT OF SOUTHERN OHIO MEDICAL CENTER (SOMC) OF PORTSMOUTH, OHIO ("SOUTHERN OHIO MEDICAL CENTER"), AN OHIO CHARITABLE NON-PROFIT CORPORATION, AND THE PATIENTS IT SERVES. SOMC DEVELOPMENT FOUNDATION ASSISTS SOMC IN PROMOTING THE HEALTH AND WELFARE OF THE COMMUNITY IN ACCORDANCE WITH THE OBJECTIVES ESTABLISHED BY THE GOVERNING BOARD OF TRUSTEES OF SOMC. SOMC DEVELOPMENT FOUNDATION SHALL BE A FUNDRAISING ORGANIZATION AND THE FUNDS RAISED SHALL BE GIVEN EXCLUSIVELY TO SOUTHERN OHIO MEDICAL CENTER. OTHER CHARITIES ARE NOT ELIGIBLE TO BENEFIT FROM FUNDS RAISED BY SOMC DEVELOPMENT FOUNDATION, UNLESS APPROVED BY THE SOUTHERN OHIO MEDICAL CENTER GOVERNING BOARD. THE SOMC DEVELOPMENT FOUNDATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES AS SET FORTH IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1954.
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