Blue Cross And Blue Shield Of North Carolina Foundation
- Assets
- $209.1m
- Revenue
- $6.8m
- Investments
- $187.0m
- Employees
- 0
- Location
- Durham, NC
- Founding
- 05/2002
- Data as of
- 06/2023
- EIN
- 56-2226009
Organization Overview
Blue Cross And Blue Shield Of North Carolina Foundation is located in Durham, NC. The organization was established in 2002. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blue Cross And Blue Shield Of North Carolina 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, Blue Cross And Blue Shield Of North Carolina Foundation generated $6.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (48.3%) each year. All expenses for the organization totaled $28.6m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Blue Cross And Blue Shield Of North Carolina Foundation has awarded 184 individual grants totaling $30,590,642. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tunde Sotunde MD Director | 1 | $0 | |
Anita Brown-Graham Director | 0.5 | $0 | |
Santiago Estrada Director | 0.5 | $0 | |
Harold Martin Ph D Director | 0.5 | $0 | |
Jack Kenley Director | 0.5 | $0 | |
John Kimberly Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,848,124 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $904,227 |
| Capital Gain Net Income | $2,101,171 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,752,351 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $111,495 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,075,245 |
| Total operating and administrative expenses | $7,196,740 |
| Contributions, gifts, grants paid | $21,448,515 |
| Total expenses and disbursements | $28,645,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,910,918 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $221,970 |
| Total assets | $209,122,897 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $18,790,999 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,573,065 |
| Total liabilities | $20,364,064 |
Grants Awarded
Over the last fiscal year, Blue Cross And Blue Shield Of North Carolina Foundation has awarded $30,590,642 in support to 184 organizations.
| Grant Recipient | Amount |
|---|---|
ALEXANDER COUNTY HEALTH DEPARTMENT PURPOSE: PLANNING GRANT TO DEVELOP ORAL HEALTH PROGRAMS IN SCHOOL-BASED SETTINGS. | $65,000 |
APPALACHIAN SUSTAINABLE AGRICULTURE PROJECT PURPOSE: INCREASE DISTRIBUTION OF LOCALLY GROWN FOOD THROUGH ASAPS APPALACHIAN FARMS FEEDING FAMILIES PROGRAM WHICH PAIRS RURAL FOOD RELIEF SITES AND CHILD CARE CENTERS WITH LOCAL FARMS TO MEET EMERGENCY FOOD NEEDS IN 23 WESTERN NORTH CAROLINA COUNTIES AND SUPPORT LOCAL GROWERS. | $500,000 |
ADVANCE COMMUNITY HEALTH INC PURPOSE: PLANNING GRANT TO DEVELOP ORAL HEALTH PROGRAMS IN SCHOOL-BASED SETTINGS. | $65,000 |
ASOCIACION DE MEXICANOS EN CAROLINA DEL NORTE AMEXCAN PURPOSE: ADDRESS THE IMMEDIATE BASIC NEEDS OF THE LATINO COMMUNITIES IN DUPLIN, EDGECOMBE, GREENE, LENOIR, NASH, PITT, SAMPSON, AND WILSON COUNTIES IN RESPONSE TO COVID-19. | $50,000 |
ASOCIACION DE MEXICANOS EN CAROLINA DEL NORTE AMEXCAN PURPOSE: ADDRESS EMERGENCY FOOD AND OTHER COVID-RELATED RELIEF NEEDS OF THE LATINO COMMUNITY IN BEAUFORT, CRAVEN, DUPLIN, EDGECOMBE, GREENE, HYDE, LENOIR, PITT, NASH, WILSON, AND SAMPSON COUNTIES. | $50,000 |
BLACK CHILD DEVELOPMENT INSTITUTE - CHARLOTTE PURPOSE: ADDRESS EMERGING ORGANIZATIONAL NEEDS AS A RESULT OF THE COVID-19 PANDEMIC. | $10,000 |