Moses Cone-Wesley Long Community Health Foundation Inc
- Assets
- $107.1m
- Revenue
- -$6.8m
- Investments
- $29.0m
- Employees
- 5
- Location
- Greensboro, NC
- Founding
- 04/1997
- Data as of
- 09/2023
- EIN
- 56-2001399
Organization Overview
Moses Cone-Wesley Long Community Health Foundation Inc, operating under the name Cone Health Foundation, is located in Greensboro, NC. The organization was established in 1997. 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, Cone Health Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cone 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.
Since 2015, Cone Health Foundation has awarded 354 individual grants totaling $41,359,047. 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 INVEST IN THE DEVELOPMENT AND SUPPORT OF ACTIVITIES, PROGRAMS AND ORGANIZATIONS THAT MEASURABLY IMPROVE THE HEALTH OF PEOPLE IN THE GREATER GREENSBORO AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONE HEALTH FOUNDATION INVESTS IN THE DEVELOPMENT AND SUPPORT OF ACTIVITIES, PROGRAMS AND ORGANIZATIONS THAT MEASURABLY IMPROVE THE HEALTH OF PEOPLE IN THE GREATER GREENSBORO AREA, PRIMARILY IN THE AREAS OF ACCESS TO CARE, ADOLESCENT PREGNANCY PREVENTION, HIV, SUBSTANCE USE AND MENTAL HEALTH DISORDERS, COMMUNITY COLLABORATIONS AND OTHER INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Miller John Assistant Treasurer | OfficerTrustee | 0 | $0 |
Jeffrey Paul Trustee | Trustee | 0 | $0 |
Leggett MD Kelly Secretary | OfficerTrustee | 0 | $0 |
Krishnan MD Sendil Trustee | Trustee | 0 | $0 |
Shumaker Susan President | OfficerTrustee | 40 | $293,008 |
Wright MD Patrick Trustee | Trustee | 0 | $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 | $47,350 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,350 |
| Total Program Service Revenue | $0 |
| Investment income | $1,498,379 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,320,457 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$6,773,086 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,655,931 |
| 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. | $401,482 |
| Compensation of current officers, directors, key employees. | $401,482 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $374,732 |
| Pension plan accruals and contributions | $33,536 |
| Other employee benefits | $98,084 |
| Payroll taxes | $52,078 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $168,484 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $623,024 |
| Fees for services: Other | $102,819 |
| Advertising and promotion | $1,299 |
| Office expenses | $125,484 |
| Information technology | $5,328 |
| Royalties | $0 |
| Occupancy | $55,331 |
| Travel | $324 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $158 |
| Interest | $0 |
| Payments to affiliates | $29,000 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,770,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,656,643 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,967 |
| 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 | $74,074,660 |
| Investments—other securities | $29,009,252 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $332,312 |
| Total assets | $107,080,834 |
| Accounts payable and accrued expenses | $27,514 |
| Grants payable | $1,976,345 |
| 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 | $410,220 |
| Total liabilities | $2,414,078 |
| Net assets without donor restrictions | $104,666,756 |
| 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 | $107,080,834 |
Grants Awarded
Over the last fiscal year, Moses Cone-Wesley Long Community Health Foundation Inc has awarded $4,257,354 in support to 77 organizations.
| Grant Recipient | Amount |
|---|---|
ACTION GREENSBORO PURPOSE: Membership - FY23/24 | $65,000 |
ALCOHOL AND DRUG SERVICES OF GUILFORD INC PURPOSE: Co-Occurring Services | $157,000 |
CENTRAL CAROLINA HEALTH NETWORK PURPOSE: HIV Dental and Housing Program | $115,000 |
COMMUNITY FOUNDATION OF GREATER GREENSBORO PURPOSE: Guilford Nonprofit Consortium | $60,000 |
FAITHACTION INTERNATIONAL HOUSE PURPOSE: Response to Community Needs - FY23 | $11,000 |
BACKPACK BEGINNINGS PURPOSE: Response to Community Needs - FY23 | $20,000 |