Cape Fear Healthnet Inc
- Assets
- $187.1k
- Revenue
- $571.7k
- Investments
- $0.0
- Employees
- 9
- Location
- Wilmington, NC
- Founding
- 11/2008
- Data as of
- 06/2024
- EIN
- 26-2469988
Organization Overview
Cape Fear Healthnet Inc is located in Wilmington, NC. The organization was established in 2008. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 06/2024, Cape Fear Healthnet Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cape Fear Healthnet Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Cape Fear Healthnet Inc generated $571.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $613.3k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Cape Fear Healthnet Inc has awarded 49 individual grants totaling $3,315,597. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
CAPE FEAR HEALTHNET EXISTS TO FACILITATE A COORDINATED SYSTEM OF HEALTH CARE FOR RESIDENTS WHO HAVE LOW INCOME AND ARE FOCUSED IN A FOUR-COUNTY REGION OF NORTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION COORDINATED 7,822 MEDICAL VISITS AND 10,560 BEHAVIORAL HEALTH THERAPY APPOINTMENTS. SAFETY NET PHARMACIES DISPENSED 33,459 PRESCRIPTIONS TO HEALTHNET PATIENTS. THE HEALTHNET REFERRED PATIENTS FOR 250 DENTAL AND 1,756 LAB/DIAGNOSTIC APPOINTMENTS. IT ALSO MADE 1,287 REFERRALS TO SPECIALTY CARE PROVIDERS WHO PROVIDED THEIR SERVICES PRO BONO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheila Roberts Past Chair | OfficerTrustee | 1 | $0 |
Amanda Boomershine Secretary | OfficerTrustee | 1 | $0 |
Richard Trotta Treasurer | OfficerTrustee | 1 | $0 |
Sarah Arthur Asst. Treasurer | OfficerTrustee | 1 | $0 |
Cherie Browning Director | Trustee | 1 | $0 |
Dante Haywood Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $65,744 |
| All other contributions, gifts, grants, and similar amounts not included above | $505,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $570,744 |
| Total Program Service Revenue | $0 |
| Investment income | $551 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $571,682 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $211,707 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $36,983 |
| Compensation of current officers, directors, key employees. | $7,397 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $161,083 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,714 |
| Payroll taxes | $20,462 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,066 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $105,392 |
| Advertising and promotion | $15,764 |
| Office expenses | $4,485 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,974 |
| Travel | $987 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,732 |
| Insurance | $8,558 |
| All other expenses | $0 |
| Total functional expenses | $613,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,727 |
| Savings and temporary cash investments | $145,644 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,285 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,364 |
| Net Land, buildings, and equipment | $2,121 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,987 |
| Total assets | $187,128 |
| Accounts payable and accrued expenses | $62,685 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,987 |
| Total liabilities | $73,672 |
| Net assets without donor restrictions | $63,012 |
| Net assets with donor restrictions | $50,444 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $187,128 |
Grants Awarded
Over the last fiscal year, Cape Fear Healthnet Inc has awarded $211,707 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
COASTAL HORIZONS PURPOSE: UNINSURED MEDICAL | $21,845 |
CAPE FEAR CLINIC INC PURPOSE: UNINSURED MEDICAL | $102,017 |
NEW HOPE CLINIC PURPOSE: UNINSURED MEDICAL | $70,409 |
GOOD SHEPHERD MINISTRIES PURPOSE: UNINSURED MEDICAL | $17,436 |