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← HIGHLANDS CASHIERS HEALTH FOUNDATION

Form 990 for tax year 2023

Filed by HIGHLANDS CASHIERS HEALTH FOUNDATION.

Totals

Total revenue
$3,765,330
Total expenses
$2,257,284
Contributions and grants received
$1,153,088
Grants paid
$1,520,682
Program service revenue
$0
Investment income
$2,313,443
Other revenue
$298,799
Total assets, end of year
$28,347,395
Total liabilities, end of year
$211,105
Net assets or fund balances, end of year
$28,136,290
Program services expenses (Part IX)
$1,675,943
Management and general expenses
$398,069
Fundraising expenses
$183,272
Program service expenses (Part III)
$1,675,943

Program services were 74.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $45,250

  • 1f · All other contributions, gifts and grants

    $1,107,838

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $932,158 · excluded $932,158

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $1,381,285

  • 7c · Gain or loss

    securities $1,381,285 · other assets $0

  • 7d · Net gain or loss

    total $1,381,285 · excluded $1,381,285

  • 8a · Fundraising events: gross income

    $339,320

  • 8a · Fundraising events: contributions included on line 1c

    $45,250

  • 8b · Fundraising events: direct expenses

    $98,991

  • 8c · Net income from fundraising events

    total $240,329 · excluded $240,329

  • 11a · Other revenue: Insurance Reimbursement

    total $58,109 · related or exempt $58,109

  • 11b · Other revenue: Other Revenue

    total $361 · related or exempt $361

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $58,470

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,520,682 · program services $1,520,682

  • 5 · Compensation of officers, directors and key employees

    total $158,860 · program services $59,573 · management and general $59,572 · fundraising $39,715

  • 7 · Other salaries and wages

    total $162,913 · program services $61,092 · management and general $61,093 · fundraising $40,728

  • 9 · Other employee benefits

    total $65,713 · management and general $49,284 · fundraising $16,429

  • 11b · Fees: legal

    total $20,960 · management and general $18,864 · fundraising $2,096

  • 11c · Fees: accounting

    total $49,180 · management and general $44,262 · fundraising $4,918

  • 11f · Fees: investment management

    total $35,437 · management and general $35,437

  • 11g · Fees: other

    total $23,870 · program services $0 · management and general $21,483 · fundraising $2,387

  • 12 · Advertising and promotion

    total $51,284 · program services $17,094 · management and general $17,096 · fundraising $17,094

  • 13 · Office expenses

    total $3,554 · management and general $2,665 · fundraising $889

  • 14 · Information technology

    total $52,507 · program services $17,502 · management and general $17,503 · fundraising $17,502

  • 16 · Occupancy

    total $18,523 · management and general $9,261 · fundraising $9,262

  • 17 · Travel

    total $244 · management and general $183 · fundraising $61

  • 23 · Insurance

    total $6,649 · management and general $6,649

  • 24a · Other expenses: Miscellaneous Expense

    total $23,634 · management and general $17,725 · fundraising $5,909

  • 24b · Other expenses: Property Expense

    total $36,992 · management and general $36,992

  • 24c · Other expenses: Fundraising Expenses

    total $26,282 · fundraising $26,282

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $414,987 · end of year $159,183

  • 2 · Savings and temporary cash investments

    beginning of year $65,432 · end of year $42,826

  • 3 · Pledges and grants receivable

    end of year $260,000

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,285 · end of year $40,462

  • 10a · Land, buildings and equipment: cost or other basis

    $1,650,000

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $1,650,000 · end of year $1,650,000

  • 11 · Investments: publicly traded securities

    beginning of year $22,537,819 · end of year $25,469,768

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $734,013 · end of year $725,156

  • 17 · Accounts payable and accrued expenses

    beginning of year $131,534 · end of year $211,105

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $20,145,197 · end of year $23,333,712

  • 28 · Net assets with donor restrictions

    beginning of year $5,126,805 · end of year $4,802,578

Mission and programs · 2023

Mission

The Highlands Cashiers Health Foundation exists to improve the health and wellbeing of all peoples in Western North Carolina, with a particular emphasis on Macon, Jackson, Swain, Graham, Clay and Cherokee Counties. The Foundation searches for and supports transformative, effective solutions that will improve and sustain the health and wellbeing of Highlands, Cashiers and our neighboring communities.

Activities or mission (Part I)

The Highlands Cashiers Health Foundation exists to improve the health and wellbeing of all peoples in Western North Carolina.

  • Through partnerships with organizations, key stakeholders and caring donors, the Foundation made positive and lasting investments in the period ended December 2023 totaling more than $1 million in projects and programs that advance innovative solutions and improvements in peoples' health and wellbeing. Please visit www.hchealthfnd.org for more information.

    Expenses $1,675,943 · Grants $1,520,682 · Revenue $58,470

As filed on the 2023 return.

Listed in Part VII

  • Barbara Corcoran MD

    Chair

    Total calculated
    $0
    Hours/week
    1

  • George Manning

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Jerry Moore

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Patricia Morse

    Vice-Chair

    Total calculated
    $0
    Hours/week
    1

  • David Moore

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jerry Hayes

    Director

    Total calculated
    $0
    Hours/week
    1

  • Richard Ellin MD

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sean Cronin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Edwards

    Director

    Total calculated
    $0
    Hours/week
    1

  • Robin Tindall

    Executive Director & CEO

    Total calculated
    $165,219
    From this org
    $158,860
    From related orgs
    $0
    Other
    $6,359
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,860
    Bonus
    $0
    Other
    $0
    Deferred
    $6,359
    Nontaxable benefits
    $0
    Filer's total
    $165,219

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • HCHF Holdings LLC

    Holding Company · NC · income $0 · assets $1,650,000

    Directly controlled by Highlands Cashiers Health Foundation Inc

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUST (1)

    Trust · NC

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202433179349300038

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