Form 990 for tax year 2022
Filed by CABARRUS HEALTHCARE FOUNDATION.
Totals
- Total revenue
- $1,443,748
- Total expenses
- $1,933,840
- Contributions and grants received
- $1,112,138
- Grants paid
- $1,800,617
- Program service revenue
- $0
- Investment income
- $331,610
- Other revenue
- $0
- Total assets, end of year
- $23,524,115
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $23,524,115
- Program services expenses (Part IX)
- $1,929,669
- Management and general expenses
- $4,171
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,929,669
Program services were 99.8% 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
$39,018
-
1f · All other contributions, gifts and grants
$1,073,120
-
3 · Investment income
total $576,461 · excluded $576,461
-
7a · Gross sales of assets other than inventory
securities $4,504,191
-
7b · Less cost or other basis and sales expenses
securities $4,749,042
-
7c · Gain or loss
securities -$244,851
-
7d · Net gain or loss
total -$244,851 · related or exempt -$244,851
-
8a · Fundraising events: gross income
$43,185
-
8a · Fundraising events: contributions included on line 1c
$39,018
-
8b · Fundraising events: direct expenses
$43,185
-
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 $1,558,319 · program services $1,558,319
-
2 · Grants to domestic individuals
total $242,298 · program services $242,298
-
11f · Fees: investment management
total $104,067 · program services $104,067
-
21 · Payments to affiliates
total $24,985 · program services $24,985
-
24a · Other expenses: BANK CHARGES
total $4,171 · management and general $4,171
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,026,349 · end of year $1,935,475
-
11 · Investments: publicly traded securities
beginning of year $26,231,273 · end of year $21,588,640
-
15 · Other assets
beginning of year $23,704 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $81,269 · end of year $60,529
-
28 · Net assets with donor restrictions
beginning of year $28,200,057 · end of year $23,463,586
Mission and programs · 2022
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 $1,929,669 · Grants $1,800,617
As filed on the 2022 return.
Listed in Part VII
-
Jon YanceyJON YANCEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dakeita Vanderburg-JohnsonDAKEITA VANDERBURG-JOHNSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Bob BrattonBOB BRATTON
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Pat HortonPAT HORTON
IMMEDIATE PAST BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Steve TalbertSTEVE TALBERT
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Ann CannonANN CANNON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Katie AnsonKATIE ANSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jane JacobsJANE JACOBS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Will LiskWILL LISK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kristin RodgersKRISTIN RODGERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jessica TuckerJESSICA TUCKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
John Turner DMDJOHN TURNER DMD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Susan BareSUSAN BARE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jan Beatty-HendleyJAN BEATTY-HENDLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Pam CainPAM CAIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Allen CravenALLEN CRAVEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Diane HoneycuttDIANE HONEYCUTT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Tom Long IIIDR TOM LONG III
REPRESENTATIVE - CHS-NE RE
- Total calculated
- $0
- Hours/week
- 1
-
Dianne Snyder PhDDIANNE SNYDER PHD
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Geraldine PlottGERALDINE PLOTT
REPRESENTATIVE - VOLUNTEER
- Total calculated
- $0
- Hours/week
- 1
-
John BishopJOHN BISHOP
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Bill DuschBILL DUSCH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Britt LeathermanBRITT LEATHERMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Brent MullisDR BRENT MULLIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dean WikeDEAN WIKE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Hank AlstonHANK ALSTON
BOARD VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Cameron Cruickshank PhDCAMERON CRUICKSHANK PHD
REP - CCHS
- Total calculated
- $0
- Hours/week
- 1
-
John Heinzerling MDJOHN HEINZERLING MD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Christopher Holland MDCHRISTOPHER HOLLAND MD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tom Jones MDTOM JONES MD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kelly Propst PhDKELLY PROPST PHD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Angie BrownANGIE BROWN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jazmin CaldwellJAZMIN CALDWELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kayla GarciaKAYLA GARCIA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sandra TorresSANDRA TORRES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Charlie Carlos E SastoqueCHARLIE CARLOS E SASTOQUE
EXECUTIVE DIRECTOR
- Total calculated
- $199,018
- From this org
- $0
- From related orgs
- $165,558
- Other
- $33,460
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0 + $165,558 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $33,460 related
- Filer's total
- $0 + $199,018 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
-
$1,558,319
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.
-
170(C)(1) · HOSPITAL · NC
-
CHARLOTTE-MECKLENBURG HOSPITAL AUTHORITYATRIUM HEALTH
170(C)(1) · HOSPITAL · NC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 5 June 2023
- IRS schema version
- 2022v5.0
- Source object
- 202311569349300021
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