Moses H Cone Memorial Hospital
- Assets
- $1.8b
- Revenue
- $191.5m
- Investments
- $254.4m
- Employees
- 271
- Location
- Greensboro, NC
- Founding
- 06/1938
- Data as of
- 09/2020
- EIN
- 56-0532302
Organization Overview
Moses H Cone Memorial Hospital is located in Greensboro, NC. The organization was established in 1938. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 09/2021, Moses H Cone Memorial Hospital employed 271 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Moses H Cone Memorial Hospital 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 09/2020, Moses H Cone Memorial Hospital generated $191.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $142.0m during the year ending 09/2020. While expenses have increased by 9.5% 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.
Since 2015, Moses H Cone Memorial Hospital has awarded 15 individual grants totaling $448,000. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
STRATEGIC OVERSIGHT AND SUPPORT OF SUBSIDIARY CORPORATIONS WITHIN CONE HEALTH SYSTEM, A PROVIDER OF HEALTH CARE SERVICES TO THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF CONE HEALTH OPERATIONS
TRIAD HEALTH NETWORK
HOLD AND OPERATE PROPERTY FOR CONE HEALTH SYSTEM
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 |
|---|---|---|---|
Neorr Steven SVP & Chief Adminstrative Offi | Officer | 40 | $833,747 |
Miller John Cio & Treasurer | Officer | 40 | $491,628 |
Langley Elissa VP Chief Adminstrative Officer | 40 | $303,620 | |
Osborne James Executive Medical Director, Th | Officer | 40 | $254,506 |
Grapey David Chief Clinical Officer Thn | 40 | $244,881 | |
Reade Robert Medical Director, Thn | 40 | $236,372 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mcm Resourcing Llc General Contractor | 9/29/21 | $1,408,875 |
Brasfield Gorrie Llc Facility Planning | 9/29/21 | $17,246,017 |
Hayco Construction Llc Construction | 9/29/21 | $1,581,737 |
D L Construction Facility Planning | 9/29/21 | $11,215,463 |
Bluesky Restoration Contractors General Contractor | 9/29/21 | $714,291 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,604 |
| Investment income | $16,592,157 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $45,029,702 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $191,496,344 |
| Statement of Expenses | |
|---|---|
| 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. | $1,583,372 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,386,254 |
| Pension plan accruals and contributions | $666,258 |
| Other employee benefits | $2,952,092 |
| Payroll taxes | $1,020,916 |
| Fees for services: Management | $3,110 |
| Fees for services: Legal | $849,866 |
| Fees for services: Accounting | $2,277,833 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,928,007 |
| Fees for services: Other | $18,696,044 |
| Advertising and promotion | $438,666 |
| Office expenses | $324,848 |
| Information technology | $4,772,984 |
| Royalties | $0 |
| Occupancy | -$729 |
| Travel | $41,629 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,488,008 |
| Payments to affiliates | $7,826,326 |
| Depreciation, depletion, and amortization | $47,885,899 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $142,024,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,782,325 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $332,041 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $30,312,093 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,149,946 |
| Investments—publicly traded securities | $700,428,223 |
| Investments—other securities | $254,376,679 |
| Investments—program-related | $0 |
| Intangible assets | $478,815 |
| Other assets | $19,655,473 |
| Total assets | $1,808,997,657 |
| Accounts payable and accrued expenses | $48,206,702 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $283,970,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $345,285,618 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $651,932,422 |
| Total liabilities | $1,329,394,742 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $479,602,915 |
Grants Awarded
Over the last fiscal year, Moses H Cone Memorial Hospital has awarded $75,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Greensboro, NC PURPOSE: Build Grant | $65,000 |
US DEPARTMENT OF THE INTERIOR PURPOSE: Upkeep of Cone Park | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Moses H Cone Memorial Hospital has recieved totaling $75,050.
| Awarding Organization | Amount |
|---|---|
Polo Ralph Lauren Corporate Foundation New York, NY PURPOSE: CHARITY | $50,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $25,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Global Health Solutions Inc Decatur, GA | $0 | $961,202,345 |
Gothic Hsp Corporation Durham, NC | $2,537,177,274 | $1,194,394,332 |
Georgia Tech Applied Research Corporation Atlanta, GA | $189,895,321 | $634,160,368 |
University Of Virginia Physicians Group Charlottesville, VA | $487,439,220 | $580,982,808 |
Georgia Tech Research Corporation Atlanta, GA | $176,132,447 | $344,901,970 |
University Health Systems Of Eastern Carolina Inc Greenville, NC | $305,100,320 | $334,615,086 |
Caromont Medical Group Inc Gastonia, NC | $43,858,251 | $131,069,416 |
Moses H Cone Memorial Hospital Greensboro, NC | $1,808,997,657 | $191,496,344 |
Intrahealth International Inc Chapel Hill, NC | $25,698,138 | $95,131,742 |
Moses Cone Medical Services Inc Greensboro, NC | $66,450,127 | $85,429,043 |
Sheet Metal Workers National Health Fund Goodlettsville, TN | $59,855,607 | $61,652,205 |
Corvesta Inc Roanoke, VA | $82,180,783 | -$1,235,003 |