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← CABARRUS HEALTHCARE FOUNDATION

Form 990 for tax year 2024

Filed by CABARRUS HEALTHCARE FOUNDATION.

Totals

Total revenue
$2,951,943
Total expenses
$1,832,106
Contributions and grants received
$1,811,012
Grants paid
$1,711,510
Program service revenue
$8,131
Investment income
$1,132,800
Other revenue
$0
Total assets, end of year
$29,869,050
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$29,869,050
Program services expenses (Part IX)
$1,711,510
Management and general expenses
$120,596
Fundraising expenses
$0
Program service expenses (Part III)
$1,711,510

Program services were 93.4% 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

    $81,268

  • 1f · All other contributions, gifts and grants

    $1,729,744

  • 2f · All other program service revenue

    total $8,131 · related or exempt $8,131

  • 3 · Investment income

    total $1,027,304 · excluded $1,027,304

  • 7a · Gross sales of assets other than inventory

    securities $2,730,446

  • 7b · Less cost or other basis and sales expenses

    securities $2,624,950

  • 7c · Gain or loss

    securities $105,496

  • 7d · Net gain or loss

    total $105,496 · related or exempt $105,496

  • 8a · Fundraising events: gross income

    $174,368

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

    $81,268

  • 8b · Fundraising events: direct expenses

    $174,368

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,256,979 · program services $1,256,979

  • 2 · Grants to domestic individuals

    total $454,531 · program services $454,531

  • 11f · Fees: investment management

    total $114,013 · management and general $114,013

  • 24a · Other expenses: BANK CHARGES

    total $6,583 · management and general $6,583

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,922,570 · end of year $1,238,704

  • 11 · Investments: publicly traded securities

    beginning of year $24,978,512 · end of year $28,630,346

  • 27 · Net assets without donor restrictions

    beginning of year $70,414 · end of year $55,581

  • 28 · Net assets with donor restrictions

    beginning of year $26,830,668 · end of year $29,813,469

Mission and programs · 2024

Mission

THE MISSION OF CABARRUS HEALTHCARE FOUNDATION IS TO IMPROVE HEALTH, ELEVATE HOPE AND ADVANCE HEALING FOR ALL THROUGH AWARENESS OF AND FUNDRAISING FOR ATRIUM HEALTH CABARRUS

Activities or mission (Part I)

TO SUPPORT ATRIUM HEALTH CABARRUS

  • CABARRUS HEALTHCARE FOUNDATION, INC. (THE "FOUNDATION") WAS ORGANIZED IN 1993 AND IS OPERATED TO EDUCATE CITIZENS ABOUT THE PROGRAMS, SERVICES AND OVERALL NEEDS WITHIN THE STRATEGIC PLAN OF ATRIUM HEALTH CABARRUS (THE "HOSPITAL"). THE FOUNDATION RAISES FUNDS TO SUPPORT THE STRATEGIC PLAN OF THE HOSPITAL THROUGH DIRECT SOLICITATIONS FROM HOSPITAL EMPLOYEES AND PHYSICIANS, AREA INDIVIDUALS, FAMILIES, GRANTORS, AND BUSINESSES, AND SPECIAL FUNDRAISING EVENTS. THE FOUNDATION LEADS ALL DEVELOPMENT PLANNING AND IMPLEMENTATION FOR ATRIUM HEALTH CABARRUS.

    Expenses $1,711,510 · Grants $1,711,510

As filed on the 2024 return.

Listed in Part VII

  • Bob Bratton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dakeita Vanderburg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jon Yancey

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Pat Horton

    IMMEDIATE PAST BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Steve Talbert

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Ann Cannon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Katie Anson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jane Jacobs

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Will Lisk

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kristin Rodgers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jessica Tucker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Turner DMD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Susan Bare

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Pam Cain

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Allen Craven

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Diane Honeycutt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dianne Snyder PhD

    PAST BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Geraldine Plott

    REPRESENTATIVE - VOLUNTEER

    Total calculated
    $0
    Hours/week
    1

  • John Bishop

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bill Dusch

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Britt Leatherman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dean Wike

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Hank Alston

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • John Heinzerling MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Christopher Holland MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Angie Brown

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jazmin Caldwell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kayla Garcia MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sandra Torres

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Charlie Carlos E Sastoque

    EXECUTIVE DIRECTOR

    Total calculated
    $224,393
    From this org
    $0
    From related orgs
    $189,658
    Other
    $34,735
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $189,658 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $34,735 related
    Filer's total
    $0 + $224,393 related

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 · Written employment contract

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

  • CMHAATRIUM HEALTH CABARRUS

    $1,256,979

    CAPITAL PROJECTS, STUDENT TUITION ASSISTANCE, OPERATIONS

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • THE CHARLOTTE-MECKLENBURG HOSPITAL AUTHORITY (CMHA)ATRIUM HEALTH CABARRUS

    170(C)(1) · HOSPITAL · NC

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202523169349307157

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