Highlands Cashiers Health Foundation
- Assets
- $30.3m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 3
- Location
- Highlands, NC
- Founding
- 07/2008
- Data as of
- 12/2021
- EIN
- 56-1165833
Organization Overview
Highlands Cashiers Health Foundation is located in Highlands, NC. The organization was established in 2008. 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 12/2021, Highlands Cashiers Health Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Highlands Cashiers Health Foundation 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 12/2021, Highlands Cashiers Health Foundation generated $7.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $1.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Highlands Cashiers Health Foundation has awarded 35 individual grants totaling $2,301,644. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE HIGHLANDS CASHIERS HEALTH FOUNDATION EXISTS TO IMPROVE THE HEALTH AND WELLBEING OF ALL PEOPLES IN WESTERN NORTH CAROLINA
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH PARTNERSHIPS WITH ORGANIZATIONS, KEY STAKEHOLDERS AND CARING DONORS, THE FOUNDATION MADE POSITIVE AND LASTING INVESTMENTS IN THE PERIOD ENDED DECEMBER 2021 TOTALING MORE THAN $1 MILLION IN PROJECTS AND PROGRAMS THAT ADVANCE INNOVATIVE SOLUTIONS AND IMPROVEMENTS IN PEOPLES' HEALTH AND WELLBEING. IN ADDITION TO ADDRESSING ONGOING COMMUNITY NEEDS, THE ORGANIZATION PROVIDED COMMUNITY SUPPORT AND RESOURCES RELATING TO COVID-19 TESTING.FOR MORE INFORMATION, VISIT WWW.HCHEALTHFND.ORG.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Tindall Executive Director | Officer | 40 | $142,504 |
Walter Clark Chair/director | OfficerTrustee | 1 | $0 |
Barbara Corcoran Vice-Chair/director | OfficerTrustee | 1 | $0 |
Jerry Moore Treasurer/director | OfficerTrustee | 1 | $0 |
Barrett Hawks Secretary/director | OfficerTrustee | 1 | $0 |
Chris Byrd Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $285,067 |
| Related organizations | $0 |
| Government grants | $5,500,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $608,737 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,393,804 |
| Total Program Service Revenue | $0 |
| Investment income | $416,010 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $736,737 |
| Net Income from Fundraising Events | -$70,001 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,476,550 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,165,469 |
| 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. | $142,504 |
| Compensation of current officers, directors, key employees. | $53,439 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $134,027 |
| Pension plan accruals and contributions | $15,923 |
| Other employee benefits | $23,260 |
| Payroll taxes | $21,425 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $49,026 |
| Fees for services: Lobbying | $17,751 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $47,158 |
| Fees for services: Other | $3,106 |
| Advertising and promotion | $52,029 |
| Office expenses | $2,617 |
| Information technology | $49,253 |
| Royalties | $0 |
| Occupancy | $23,606 |
| Travel | $1,318 |
| 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 | $0 |
| Insurance | $5,938 |
| All other expenses | $0 |
| Total functional expenses | $1,871,630 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $234,297 |
| Pledges and grants receivable | $51,859 |
| 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 | $39,958 |
| Net Land, buildings, and equipment | $1,650,000 |
| Investments—publicly traded securities | $27,370,374 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $936,438 |
| Total assets | $30,282,926 |
| Accounts payable and accrued expenses | $239,092 |
| 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 | $3,760 |
| Total liabilities | $242,852 |
| Net assets without donor restrictions | $24,628,784 |
| Net assets with donor restrictions | $5,411,290 |
| 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 | $30,282,926 |
Grants Awarded
Over the last fiscal year, Highlands Cashiers Health Foundation has awarded $954,140 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Hendersonville, NC PURPOSE: PROGRAM/OPERATIONAL SUPPORT | $700,000 |
MOUNTAIN PARK URGENT CARE & WALK IN CLINIC PLLC PURPOSE: SCHOOL COVID TESTING SUPPORT | $61,640 |
HINTON RURAL LIFE CENTER PURPOSE: PROGRAM/OPERATIONAL SUPPORT | $50,000 |
Waynesville, NC PURPOSE: PROGRAM/OPERATIONAL SUPPORT | $35,000 |
Bryson City, NC PURPOSE: PROGRAM/OPERATIONAL SUPPORT | $35,000 |
Franklin, NC PURPOSE: PROGRAM/OPERATIONAL SUPPORT | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Highlands Cashiers Health Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Steven And Sheila Miller Foundation Houston, TX PURPOSE: MEDICAL | $1,000 |
Endowment Analysis
| Beg. Balance | $3,877,613 |
| Other Expense | $72,192 |
| Ending Balance | $3,805,421 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Armc Physicians Care Inc Greensboro, NC | $1,939,063 | $13,036,879 |
Macon County General Hospital Inc Lafayette, TN | $17,643,586 | $20,536,652 |
Healthcare Foundation Of Wilson Wilson, NC | $207,911,505 | $10,473,791 |
Chesapeake Hospital Corporation Kilmarnock, VA | $0 | $13,682,871 |
Alleghany County Memorial Hospital Inc Sparta, NC | $23,031,959 | $15,886,871 |
Baptist Memorial Hospital - Calhoun Inc Memphis, TN | $7,688,599 | $15,196,483 |
Wellstar Sylvan Grove Hospital Inc Marietta, GA | $8,619,975 | $16,516,673 |
Pender Memorial Hospital Incorporated Burgaw, NC | $39,814,102 | $13,183,408 |
Copper Basin Community Hospital Inc Copperhill, TN | $1,227,357 | $12,149,873 |
Kershawhealth Camden, SC | $123,086,645 | $13,029,458 |
The Spartanburg Regional Healthcare System Foundation Spartanburg, SC | $49,277,778 | $9,433,693 |
Wellmont Hawkins County Memorial Hospital Inc Johnson City, TN | $4,609,870 | $18,175,881 |