North Carolina Baptist Hospital Foundation
- Assets
- $53.7m
- Revenue
- $1.4m
- Investments
- $39.2m
- Employees
- 0
- Location
- Winston Salem, NC
- Founding
- 09/1986
- Data as of
- 12/2022
- EIN
- 56-1685120
Organization Overview
North Carolina Baptist Hospital Foundation is located in Winston Salem, NC. The organization was established in 1986. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Baptist Hospital 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 12/2022, North Carolina Baptist Hospital Foundation generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, North Carolina Baptist Hospital Foundation has awarded 53 individual grants totaling $8,957,515. 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 OPERATE AND CARRY OUT THE FUNCTIONS AND PURPOSES OF NORTH CAROLINA BAPTIST HOSPITAL AND TO MAKE CHARITABLE DONATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS ESTABLISHED TO PROVIDE CHARITABLE FUNDING TO HELP MAINTAIN THE MISSION OF THE ORGANIZATION AND TO SUPPORT, PROMOTE, AND GENERALLY ADVANCE THE INTERESTS OF NORTH CAROLINA BAPTIST HOSPITAL IN THE PURSUIT OF ITS MINISTRIES OF HEALING. THE FOUNDATION PROVIDES SUPPORT TO THE HOSPITAL'S DIVISION OF FAITH AND HEALTH MINISTRIES AND ITS FAITHHEALTHNC INITIATIVE TO IMPROVE HEALTH WITHIN THE COMMUNITY AND BETTER ACCESS TO CARE.
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 |
|---|---|---|---|
A Lee Herring Board Member | Trustee | 2 | $0 |
Arthur A Gibel Board Member | Trustee | 2 | $0 |
Sheree B Watson Board Member | Trustee | 2 | $0 |
Stephen L Robertson Board Member | Trustee | 2 | $0 |
William C Warden Jr Board Member | Trustee | 2 | $0 |
Edwin L Welch Jr Chair (fr 1/1/22) | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,293 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,293 |
| Total Program Service Revenue | $0 |
| Investment income | $1,118,806 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $295,364 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,445,824 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,040,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,402 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $2,428 |
| All other expenses | $0 |
| Total functional expenses | $1,080,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,966,156 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $541,994 |
| 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 | $7,050,094 |
| Investments—other securities | $39,165,939 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $53,724,183 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $10,548 |
| 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 | $10,548 |
| Net assets without donor restrictions | $53,713,635 |
| 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 | $53,724,183 |
Grants Awarded
Over the last fiscal year, North Carolina Baptist Hospital Foundation has awarded $1,040,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FAITHHEALTH INNOVATIONS PURPOSE: SUPPORT OF WILKES PATIENT FUND AND OTHER FAITHHEALTH INITIATIVES | $54,764 |
NORTH CAROLINA BAPTIST HOSPITAL PURPOSE: SUPPORT OF FAITHHEALTH NC, EE EMERGENCY FD, AND OTHER PROGRAMS | $985,236 |