North Carolina Healthcare Foundation Inc
- Assets
- $11.3m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 64
- Location
- Raleigh, NC
- Founding
- 02/1964
- Data as of
- 12/2022
- EIN
- 56-0773039
Organization Overview
North Carolina Healthcare Foundation Inc is located in Raleigh, NC. The organization was established in 1964. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, North Carolina Healthcare Foundation Inc employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Healthcare Foundation 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 12/2022, North Carolina Healthcare Foundation Inc generated $4.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $3.9m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, North Carolina Healthcare Foundation Inc has awarded 114 individual grants totaling $10,405,051. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER AND ACCELERATE THE COLLECTIVE IMPACT OF HOSPITALS, HEALTH SYSTEMS AND COMMUNITY PARTNERS TO IMPROVE THE HEALTH OF NORTH CAROLINIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARONOVA IS AN INCUBATOR THAT CONNECTS KEY PEOPLE AND ORGANIZATIONS WITH PROMISING INNOVATIONS TO ACCELERATE NECESSARY CHANGE. OUR PURPOSE IS TO ALIGN LEADERS ACROSS THE CAROLINAS IN PURSUIT OF A BETTER AND MORE EQUITABLE SYSTEM OF CARE.
OTHER PROGRAMS ADDRESS IMPROVED HEALTH IN NORTH CAROLINA'S COMMUNITIES WITH A FOCUS ON BEHAVIORAL HEALTH, RURAL HEALTHCARE, HEALTHCARE QUALITY AND PATIENT SAFETY CARE, AND DEVELOPING THE NEXT GENERATION OF HEALTHCARE LEADERS.
NORTH CAROLINA COMMUNITY HEALTH PROGRAMS IMPROVE ACCESS TO BETTER HEALTH THROUGH COMMUNITY-BASED NETWORKS OF CARE AND PROGRAMS ADDRESSING CHRONIC HEALTH ISSUES.
EQUITY OF CARE PROGRAMS ADDRESS HEALTH INEQUITIES AND BUILD A PIPELINE OF DIVERSE HEALTHCARE LEADERS WHO REFLECT ON THE NORTH CAROLINA COMMUNITIES THEY SERVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vanessa Ervin Board Member | Trustee | 1 | $0 |
Greg Gombar Board Member | Trustee | 1 | $0 |
Lin B Hollowell III Board Member | Trustee | 1 | $0 |
Chuck Mantooth Board Member | Trustee | 1 | $0 |
Allen Smart Board Member | Trustee | 1 | $0 |
Michael C Tarwater Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tsne Missionworks Consulting & Customized Training | 12/30/22 | $287,621 |
Brigham And Women's Hospital Education, Resources, & Coaching Svcs. | 12/30/22 | $150,014 |
Association For Healthcare Environment Ed. & Online Learning-healthcare Pro. | 12/30/22 | $106,950 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $22,971 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,794,027 |
| Noncash contributions included in lines 1a–1f | $11,801 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,816,998 |
| Total Program Service Revenue | $0 |
| Investment income | $105,071 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,026 |
| Net Income from Fundraising Events | -$23,203 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,901,892 |
| 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 | $1,764,120 |
| Pension plan accruals and contributions | $54,726 |
| Other employee benefits | $242,671 |
| Payroll taxes | $123,845 |
| Fees for services: Management | $500,870 |
| Fees for services: Legal | $3,155 |
| Fees for services: Accounting | $4,988 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,041 |
| Fees for services: Other | $539,891 |
| Advertising and promotion | $47,624 |
| Office expenses | $28,111 |
| Information technology | $215,059 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $92,143 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $138,942 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,855,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,102,944 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $225,046 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,021,516 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,349,506 |
| Accounts payable and accrued expenses | $119,883 |
| 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 | $2,279,662 |
| Total liabilities | $2,399,545 |
| Net assets without donor restrictions | $2,960,137 |
| Net assets with donor restrictions | $5,989,824 |
| 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 | $11,349,506 |
Grants Awarded
Over the last fiscal year, North Carolina Healthcare Foundation Inc has awarded $150,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB OF HENDERSON COUNTY PURPOSE: SUPPORTING UNDERSERVED POPULATIONS DISPROPORTIONATELY AFFECTED BY COVID-19. | $25,000 |
CAMINO COMMUNITY DEVELOPMENT CORP PURPOSE: SUPPORTING UNDERSERVED POPULATIONS DISPROPORTIONATELY AFFECTED BY COVID-19. | $25,000 |
CROSSNORE SCHOOL & CHILDREN'S HOME PURPOSE: SUPPORTING UNDERSERVED POPULATIONS DISPROPORTIONATELY AFFECTED BY COVID-19. | $25,000 |
CUMBERLAND COUNTY HOSPITAL SYSTEM INC PURPOSE: SUPPORTING UNDERSERVED POPULATIONS DISPROPORTIONATELY AFFECTED BY COVID-19. | $25,000 |
PELETAH MINISTRIES PURPOSE: SUPPORTING UNDERSERVED POPULATIONS DISPROPORTIONATELY AFFECTED BY COVID-19. | $25,000 |
REFUGEE COMMUNITY PARTNERSHIP PURPOSE: SUPPORTING UNDERSERVED POPULATIONS DISPROPORTIONATELY AFFECTED BY COVID-19. | $25,000 |