Blue Cross And Blue Shield Of North Carolina Foundation
- Assets
- $253.9m
- Revenue
- $27.6m
- Investments
- $250.8m
- Employees
- 0
- Location
- Durham, NC
- Founding
- 05/2002
- Data as of
- 06/2021
- 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 06/2021, Blue Cross And Blue Shield Of North Carolina Foundation generated $27.6m in total revenue. All expenses for the organization totaled $24.5m during the year ending 06/2021. While expenses have increased by 36.7% per year over the past 3 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 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PART IX-A, LINE 1 - DIRECT CHARITABLE ACTIVITIESBE ACTIVE KIDS TEACHES PRESCHOOL CHILDREN ABOUT THE IMPORTANCE OF PHYSICAL ACTIVITY. DAY CARE PROVIDERS ARE GIVEN HANDS-ON TRAINING, ALONG WITH A FREE KIT CONTAINING TEACHING MATERIALS AND CURRICULUM GUIDES. THE PROGRAM IS AVAILABLE IN ALL 100 COUNTIES IN NORTH CAROLINA.
PART IX-A, LINE 2 - DIRECT CHARITABLE ACTIVITIESTHE BLUE CROSS AND BLUE SHIELD OF NORTH CAROLINA FOUNDATION SPONSORS PROGRAMS, EVENTS, AND ACTIVITIES THAT ALIGN WITH ITS MISSION AND SUPPORT WORK IN AND ACROSS DIFFERENT FOCUS AREAS, THAT ARE CRITICAL TO IMPROVING HEALTH IN NORTH CAROLINA.
PART IX-A, LINE 3 - DIRECT CHARITABLE ACTIVITIESTHE BLUE CROSS AND BLUE SHIELD OF NORTH CAROLINA FOUNDATION PROVIDES EDUCATION AND TECHNICAL ASSISTANCE TO GRANTEES AND OTHER CHARITABLE ORGANIZATIONS. THIS WOULD INCLUDE, BUT IS NOT LIMITED TO, EDUCATIONAL CONFERENCES AND SEMINARS, AND PROVIDING EXPERT ADVICE AND RELATED ASSISTANCE TO ENHANCE THE GRANTEES' ABILITY TO ACHIEVE DESIRED OUTCOMES.
PART IX-A, LINE 4 - DIRECT CHARITABLE ACTIVITIESTHE BLUE CROSS AND BLUE SHIELD OF NORTH CAROLINA FOUNDATION PROVIDES EDUCATION AND TECHNICAL ASSISTANCE TO GRANTEES AND OTHER CHARITABLE ORGANIZATIONS. THIS WOULD INCLUDE, BUT IS NOT LIMITED TO, EDUCATIONAL CONFERENCES AND SEMINARS, AND PROVIDING EXPERT ADVICE AND RELATED ASSISTANCE TO ENHANCE THE GRANTEES' ABILITY TO ACHIEVE DESIRED OUTCOMES. A SIGNIFICANT PORTION OF EXPENSES THIS FISCAL YEAR SUPPORTED THE FOUNDATION'S COMMUNITY-CENTERED HEALTH INITIATIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tunde Sotunde MD Director | 1 | $0 | |
Jack Kenley Director | 0.5 | $0 | |
John Kimberly Director | 0.5 | $0 | |
Anita Brown-Graham Director | 0.5 | $0 | |
Francesca Gary Director | 0.5 | $0 | |
John Lumpkin MD President | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,125,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,596,451 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,836,837 |
| Capital Gain Net Income | $11,836,837 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $27,558,288 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $240,204 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,423,297 |
| Total operating and administrative expenses | $3,663,501 |
| Contributions, gifts, grants paid | $20,862,249 |
| Total expenses and disbursements | $24,525,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,882,105 |
| 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 | $155,787 |
| Total assets | $253,862,813 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $13,955,142 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,122,683 |
| Total liabilities | $15,077,825 |
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 |
|---|---|
THE CONSERVATION FUND A NONPROFIT CORPORATION PURPOSE: INCREASE CAPACITY FOR COVID-RELIEF WITH A FOCUS ON EMERGENCY FOOD RESPONSE USING LOCALLY GROWN FOOD IN RURAL COMMUNITIES STATEWIDE AND PRIMARILY SERVING ORGANIZATIONS LED BY PEOPLE OF COLOR THROUGH THE ADMINISTRATION OF EMERGENCY RESPONSE GRANTS TO RURAL, GRASSROOTS GROUPS AND 7 REGIONAL NC FOOD HUBS. | $1,975,000 |
Raleigh, NC PURPOSE: BUILD THE STAFF AND SYSTEM CAPACITY NEEDED TO EMBED COMMUNITY-CENTERED SYSTEMS CHANGE AND ADVOCACY STRATEGIES IN THE LEADERSHIP DEVELOPMENT AND EXECUTIVE SUPPORT FOR LOCAL SMART START AGENCIES STATEWIDE. | $1,968,523 |
Raleigh, NC PURPOSE: GROW AND STRENGTHEN THE NETWORK OF LOCAL FOOD COUNCILS ACROSS NORTH CAROLINA TO SHOW MEASURABLE PLACE-BASED IMPACTS SHIFTING POLICY, SYSTEMS AND ENVIRONMENTS LOCALLY AND STATEWIDE TOWARDS A HEALTHIER FOOD SYSTEM AND IMPROVED HEALTH OUTCOMES. | $1,685,894 |
Raleigh, NC PURPOSE: INCREASE DISTRIBUTION OF LOCALLY GROWN AND CULTURALLY APPROPRIATE FOOD THROUGH FEEDING THE CAROLINAS SEVEN MEMBER FOOD BANKS TO HELP MEET EMERGENCY FOOD NEEDS IN EVERY NORTH CAROLINA COUNTY AND SUPPORT LOCAL GROWERS. | $1,000,000 |
Raleigh, NC PURPOSE: BUILD THE STAFF AND SYSTEM CAPACITY NEEDED TO EMBED COMMUNITY-CENTERED SYSTEMS CHANGE AND ADVOCACY STRATEGIES IN THE LEADERSHIP DEVELOPMENT AND EXECUTIVE SUPPORT FOR LOCAL SMART START AGENCIES STATEWIDE. | $1,000,000 |
Raleigh, NC PURPOSE: GROW AND STRENGTHEN THE NETWORK OF LOCAL FOOD COUNCILS ACROSS NORTH CAROLINA TO SHOW MEASURABLE PLACE-BASED IMPACTS SHIFTING POLICY, SYSTEMS AND ENVIRONMENTS LOCALLY AND STATEWIDE TOWARDS A HEALTHIER FOOD SYSTEM AND IMPROVED HEALTH OUTCOMES. | $751,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Burroughs Wellcome Fund Research Triangle Park, NC | $946,804,754 | $86,337,046 |
Dollywood Foundation Pigeon Forge, TN | $23,282,143 | $42,750,755 |
Blue Cross And Blue Shield Of North Carolina Foundation Durham, NC | $253,862,813 | $27,558,288 |
Tennessee Health Foundation Inc Chattanooga, TN | $243,056,353 | $3,261,329 |
Masters Tournament Foundation Inc Augusta, GA | $56,432,291 | $20,283,494 |
Assisi Foundation Of Memphis Inc Memphis, TN | $238,137,134 | $32,851,811 |
Commonwealth Foundations Richmond, VA | $819,010 | $12,460,000 |
Carmax Foundation Richmond, VA | $6,340,369 | $9,797,991 |
Ingersoll-Rand Charitable Foundation Davidson, NC | $949,422 | $5,202,263 |
Speedwell Foundation Atlanta, GA | $165,926,993 | $26,115,784 |
Teleios Collaborative Network Flat Rock, NC | $1,937,761 | $5,692,077 |
Berry Charitable Foundation Greensboro, NC | $66,443,887 | $19,441,279 |