Healthcare Foundation Of Cleveland County
- Assets
- $1.2m
- Revenue
- $309.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Shelby, NC
- Founding
- 09/2018
- Data as of
- 12/2022
- EIN
- 58-1905479
Organization Overview
Healthcare Foundation Of Cleveland County is located in Shelby, NC. The organization was established in 2018. According to its NTEE Classification (E70) the organization is classified as: Public Health, 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. Healthcare Foundation Of Cleveland County 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, Healthcare Foundation Of Cleveland County generated $309.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $178.4k during the year ending 12/2022. While expenses have increased by 4.2% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT, SUPPLEMENT, ENHANCE AND ENRICH HOSPITAL FACILITIES, PROGRAMS, AND SERVICES IN CLEVELAND COUNTY AND RELATED PROGRAMS DESIGNED TO IMPROVE THE HEALTH AND WELLNESS OF THE CITIZENS OF CLEVELAND COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BECAUSE WE CARE FUND - CONTRIBUTED FUNDS TO ASSIST CANCER PATIENTS WITH EXPENSES INCURRED DURING TREATMENTS INCLUDING ASSISTANCE WITH MEDICATIONS TO AND FROM TREATMENT FACILITIES AND OTHER EXPENSES INCURRED BY PATIENTSSAFE KIDS/KIDS TIPS OF CLEVELAND COUNTY. CONTRIBUTIONS TO ASSIST WITH ITS MISSION TO REDUCE ACCIDENTAL INJURIES, THRU ADVOCACY, ENGINEERING, AND ENFORCEMENT, THAT ARE A LEADING CAUSE OF INJURY AND DEATH FOR CHILDREN. CONTRIBUTIONS TO THE KM HOSPITAL VOLUNTEER SERVICES TO FUND SCHOLARSHIPS, VOLUNTEER PROGRAMS,AND SERVICES WITHIN THE HOSPITAL AND THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryon Gragg Chairman | OfficerTrustee | 0 | $0 |
Scoot Dixon Vice Chairman | OfficerTrustee | 0 | $0 |
Skip Warrick Secretary | OfficerTrustee | 0 | $0 |
Joseph Suttle IV Treasurer | OfficerTrustee | 0 | $0 |
Dr Michael Barringer Member At Large | Trustee | 0 | $0 |
Amber Brown Member At Large | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $15,899 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $267,013 |
| Noncash contributions included in lines 1a–1f | $2,685 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $282,912 |
| Total Program Service Revenue | $0 |
| Investment income | $30,328 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,622 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $309,618 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $110,864 |
| 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 | $10,116 |
| Fees for services: Other | $25,099 |
| Advertising and promotion | $5,297 |
| 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 | $594 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $178,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,813 |
| Savings and temporary cash investments | $1,187,574 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $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 | $2,858 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,244,239 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $907,857 |
| Net assets with donor restrictions | $336,382 |
| 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 | $1,244,239 |