Nantahala Health Foundation
- Assets
- $12.3m
- Revenue
- $235.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Franklin, NC
- Founding
- 05/2019
- Data as of
- 12/2023
- EIN
- 83-2682447
Organization Overview
Nantahala Health Foundation is located in Franklin, NC. The organization was established in 2019. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 12/2023, Nantahala Health Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nantahala 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.
For the year ending 12/2023, Nantahala Health Foundation generated $235.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (46.2%) each year. All expenses for the organization totaled $425.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Nantahala Health Foundation has awarded 106 individual grants totaling $3,391,591. 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
IMPROVING HEALTH AND WELL-BEING FOR THOSE LIVING IN WESTERNMOST NORTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUING MANY PROGRAMS FROM THE PRIOR YEAR, THE ORGANIZATION WORKED WITH OUR PREVIOUS GRANTEES TO COMPLETE PROJECTS AND ASSESS AREAS OF SUCCESS. THE ORGANIZATION FURTHER WORKED WITH OUR PARTNERS AND THE BROADER COMMUNITY TO FURTHER DEFINE OUR GRANTMAKING PRIORITIES TO CONTINUE TO ENHANCE IMPACT. FINALLY, THE ORGANIZATION INVESTED IN CAPACITY BUILDING OF PARTNER ORGANIZATIONS THROUGH THE NOW + NEXT LEADERSHIP INITIATIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori A Bailey Executive Director | Officer | 40 | $110,273 |
Lisa Leatherman Chairperson | OfficerTrustee | 2 | $0 |
Roger Plemens Vice-Chairperson | OfficerTrustee | 1 | $0 |
Alison Cochran Treasurer | OfficerTrustee | 1 | $0 |
Angie Knight Secretary | OfficerTrustee | 2 | $0 |
Clarissa Ashe Board Member | Trustee | 1 | $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 | $95,285 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,285 |
| Total Program Service Revenue | $0 |
| Investment income | $251,680 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$112,277 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $235,064 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $123,831 |
| Compensation of current officers, directors, key employees. | $18,575 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,948 |
| Pension plan accruals and contributions | $2,078 |
| Other employee benefits | $11,671 |
| Payroll taxes | $14,366 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,688 |
| Fees for services: Accounting | $18,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $70,947 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,945 |
| Office expenses | $7,275 |
| Information technology | $9,692 |
| Royalties | $0 |
| Occupancy | $14,130 |
| Travel | $3,800 |
| 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 | $0 |
| Insurance | $8,584 |
| All other expenses | $0 |
| Total functional expenses | $425,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,225 |
| Savings and temporary cash investments | $100,693 |
| Pledges and grants receivable | $68,837 |
| Accounts receivable, net | $111 |
| 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 | $4,380 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $12,089,030 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,294,276 |
| Accounts payable and accrued expenses | $39,561 |
| 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 | $39,561 |
| Net assets without donor restrictions | $11,703,432 |
| Net assets with donor restrictions | $551,283 |
| 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 | $12,294,276 |
Grants Awarded
Over the last fiscal year, Nantahala Health Foundation has awarded $359,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CLAY COUNTY HEALTH DEPARTMENT PURPOSE: Health | $50,000 |
FOUR SQUARE COMMUNITY ACTION PURPOSE: Health | $37,500 |
HINTON RURAL LIFE CENTER PURPOSE: Health | $28,750 |
EASTERN BAND OF CHEROKEE INDIANS PURPOSE: Health | $24,375 |
INTERNATIONAL FRIENDSHIP CENTER PURPOSE: Health | $16,875 |
MACON COUNTY HOUSING DEPARTMENT PURPOSE: Health | $30,000 |