Carolinaeast Foundation
- Assets
- $4.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- New Bern, NC
- Founding
- 11/1996
- Data as of
- 06/2023
- EIN
- 56-1991164
Organization Overview
Carolinaeast Foundation is located in New Bern, NC. The organization was established in 1996. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., 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. Carolinaeast 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 06/2023, Carolinaeast Foundation 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 2.5% each year. All expenses for the organization totaled $1.7m during the year ending 06/2023. While expenses have increased by 7.1% 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, Carolinaeast Foundation has awarded 154 individual grants totaling $12,356,070. 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
PROMOTE HEALTH IN OUR REGION, SUPPORT THE HEALTHCARE COMMUNITY, ASSIST INDIVIDUALS WITH HEALTHCARE
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE EXTEND THE GIFT OF WELLNESS TO INDIVIDUALS, FAMILIES AND NONPROFIT HEALTHCARE ORGANIZATIONS IN CRAVEN, JONES, PAMLICO, CARTERET AND ONSLOW COUNTIES BY AWARDING GRANTS AND ASSISTANCE TO HELP THOSE CHALLENGED WITH UNMET HEALTH CARE NEEDS THROUGHOUT THE SERVICE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katie Giles Board Member | Trustee | 2 | $0 |
Kelli Billingsley Board Member | Trustee | 2 | $0 |
Tiffany Dove Board Member | Trustee | 3 | $0 |
Scott Grantham Board Member | Trustee | 2 | $0 |
Kim Hess Board Member | Trustee | 2 | $0 |
Robert Mattocks Board Member | Trustee | 2 | $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 | $1,070,894 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,070,894 |
| Total Program Service Revenue | $256,800 |
| Investment income | $60,984 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$52,062 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,336,616 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $695,788 |
| Grants and other assistance to domestic individuals. | $320,295 |
| 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 | $23,370 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $421,700 |
| Advertising and promotion | $2,521 |
| Office expenses | $75,126 |
| Information technology | $40,724 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $96 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,021 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,191 |
| All other expenses | $720 |
| Total functional expenses | $1,668,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $709,884 |
| Savings and temporary cash investments | $236,442 |
| Pledges and grants receivable | $462,971 |
| Accounts receivable, net | $8,423 |
| 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 | $2,105 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,737,134 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,156,959 |
| Accounts payable and accrued expenses | $42,774 |
| Grants payable | $0 |
| Deferred revenue | $234,161 |
| 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 | $1,603 |
| Total liabilities | $278,538 |
| Net assets without donor restrictions | $639,610 |
| Net assets with donor restrictions | $3,238,811 |
| 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 | $4,156,959 |
Grants Awarded
Over the last fiscal year, Carolinaeast Foundation has awarded $243,802 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
THERA PAWS THERAPY - CAROLINA EAST MEDICAL CENTER PURPOSE: TO ASSIST VET FEES AND COST OF TRAINING | $8,302 |
PAMLICO COUNTY FOUNDATION FOR THE AGED PURPOSE: RAMP CONSTRUCTION PROJECT | $6,000 |
MERCI CLINIC PURPOSE: MEDICAL ASSISTANCE PROGRAM | $11,000 |
RELIGIOUS COMMUNITY SERVICES PURPOSE: MEDICAL ASSISTANCE PROGRAM | $34,283 |
TOWNSHIP SEVEN EMS PURPOSE: PRE-EMPLOYMENT TRANSITION SERVICES PREPARARTION PROGRAM | $8,000 |
YMCA - CAMP SEAGULLSEAFARER PURPOSE: PROVIDES RESPITE FOR THOSE LIVING WITH OR SURVIVING CANCER | $15,000 |