Triangle North Healthcare Foundation Inc
- Assets
- $15.1m
- Revenue
- $1.3m
- Investments
- $13.1m
- Employees
- 2
- Location
- Henderson, NC
- Founding
- 09/1987
- Data as of
- 09/2023
- EIN
- 56-1560974
Organization Overview
Triangle North Healthcare Foundation Inc is located in Henderson, NC. The organization was established in 1987. 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 09/2023, Triangle North Healthcare Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Triangle North 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 09/2023, Triangle North Healthcare Foundation Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $1.2m during the year ending 09/2023. While expenses have increased by 11.8% per year over the past 8 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, Triangle North Healthcare Foundation Inc has awarded 125 individual grants totaling $4,580,297. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE, SUPPORT, AND INVEST IN QUALITY EFFORTS THAT MEASURABLY IMPROVE HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRIANGLE NORTH HEALTHCARE FOUNDATION,INC., A REGIONAL HEALTHCARE GRANTMAKING ORGANIZATION, AIMS TO ENHANCE THE QUALITY OF PEOPLE'S LIVES IN THE TRIANGLE NORTH REGION BY SUPPORTING PROGRAMS AND ACTIVITIES THAT IMPROVE ACCESS TO QUALITY HEALTHCARE. BY SUPPORTING THESE PROGRAMS, THE FOUNDATION RECOGNIZES AND VALUES THE LONG STANDING CIVIC AND COMMUNITY SUPPORT FOR HEALTHCARE DELIVERY IN THE RURAL COMMUNITIES OF VANCE, GRANVILLE, WARREN AND FRANKLIN COUNTIES, AND WILL FURTHER DIRECT EFFORTS THAT RESPOND TO THE SCIENTIFIC AND TECHNICAL ADVANCES OF THE TWENTY-FIRST CENTURY WHILE EMPHASIZING A CARING AND COMPASSIONATE ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emilee Johnson Board Secretary | OfficerTrustee | 2 | $0 |
Ruth Jones Board Member | Trustee | 1 | $0 |
Robert F Noel Jr MD Treasurer | OfficerTrustee | 2 | $0 |
W Rodwell Drake Jr MD Board Member | Trustee | 1 | $0 |
Dana Greenway Board Member | Trustee | 1 | $0 |
Terri Hedrick Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $735,414 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $735,414 |
| Total Program Service Revenue | $0 |
| Investment income | $343,935 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$5,701 |
| Net Gain/Loss on Asset Sales | $233,558 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,325,387 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $923,385 |
| 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. | $99,089 |
| Compensation of current officers, directors, key employees. | $99,089 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,432 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,598 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,290 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,299 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,260 |
| Office expenses | $9,130 |
| Information technology | $9,097 |
| Royalties | $0 |
| Occupancy | $1,261 |
| Travel | $295 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,065 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,416 |
| Insurance | $8,636 |
| All other expenses | $422 |
| Total functional expenses | $1,158,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $223,796 |
| Savings and temporary cash investments | $1,065,483 |
| Pledges and grants receivable | $0 |
| 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 | $13,566 |
| Net Land, buildings, and equipment | $748,405 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $13,057,121 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,075 |
| Total assets | $15,109,446 |
| Accounts payable and accrued expenses | $1,050 |
| 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 | $0 |
| Total liabilities | $1,050 |
| Net assets without donor restrictions | $2,214,243 |
| Net assets with donor restrictions | $12,894,153 |
| 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 | $15,109,446 |
Grants Awarded
Over the last fiscal year, Triangle North Healthcare Foundation Inc has awarded $918,185 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
SHEPHERD YOUTH RANCH PURPOSE: MENTAL HEALTH THERAPY UTILIZING HORSES FOR AT RISK AND UNDERPRIVILEGED YOUTH. | $40,000 |
GRANVILLE-VANCE PUBLIC HEALTH PURPOSE: "FRANCES POWERS" CARDIAC HEALTH PROGRAM AND "CFFD - TOOTH CLUB" DENTAL PROGRAM. | $87,000 |
NC MEDASSIST PURPOSE: HEALTH EQUITY PROGRAM FOR GRANVILLE, FRANKLIN, VANCE & WARREN COUNTY RESIDENTS. | $50,000 |
BOYS AND GIRLS CLUBS OF NORTH CENTRAL NC PURPOSE: "TRIPLE PLAY" HEALTH AND WELLNESS PROGRAM. | $112,500 |
EDMONDS TENNIS AND EDUCATION FOUNDATION PURPOSE: YOUTH INTERNSHIP PROGRAM. | $15,000 |
HENDERSON COLLEGIATE PURPOSE: "TELE-HEALTH" PROGRAM. | $22,000 |