Cumberland Healthnet
- Assets
- $404.9k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 40
- Location
- Fayetteville, NC
- Founding
- 10/2012
- Data as of
- 06/2023
- EIN
- 35-2443853
Organization Overview
Cumberland Healthnet is located in Fayetteville, NC. The organization was established in 2012. 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 06/2023, Cumberland Healthnet employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cumberland Healthnet 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 06/2023, Cumberland Healthnet generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $1.3m during the year ending 06/2023. While expenses have increased by 19.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ACCESS TO HOLISTIC WRAP AROUND SERVICE THAT IMPROVE OUTCOMES FOR INDIVIDUALS WITH HEALTH INEQUITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLABORATIVE NETWORK OF COMMUNITY ORGANIZATIONS WORKING TOGETHER TO PROVIDE ACCESS TO HEALTHCARE FOR THE UNINSURED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tonja Bailey Board Member | Trustee | $0 | |
Al Foote President | OfficerTrustee | $0 | |
Benda Sparks Board Member | Trustee | $0 | |
Tonya Strickland Board Member | Trustee | $0 | |
Dr Krystle Vinson Vice Preside | OfficerTrustee | $0 | |
Dr Murtis Worth Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $701,881 |
| All other contributions, gifts, grants, and similar amounts not included above | $421,962 |
| Noncash contributions included in lines 1a–1f | $6,952 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,123,843 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,123,843 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $684,337 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,765 |
| Payroll taxes | $58,230 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,652 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,405 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $73,932 |
| Travel | $1,992 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,737 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,865 |
| Insurance | $0 |
| All other expenses | $56,933 |
| Total functional expenses | $1,288,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,219 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $178,014 |
| Accounts receivable, net | $0 |
| 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 | $328 |
| Net Land, buildings, and equipment | $133,274 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,027 |
| Total assets | $404,862 |
| Accounts payable and accrued expenses | $58,180 |
| 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 | $88,110 |
| Total liabilities | $146,290 |
| Net assets without donor restrictions | $258,572 |
| Net assets with donor restrictions | $0 |
| 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 | $404,862 |