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Nonprofiteer
← CONE HEALTH PHILANTHROPIC FOUNDATION

Form 990 for tax year 2024

Filed by CONE HEALTH PHILANTHROPIC FOUNDATION.

Totals

Total revenue
$3,864,756
Total expenses
$562,962
Contributions and grants received
$3,724,545
Grants paid
$5,204
Program service revenue
$0
Investment income
$140,211
Other revenue
$0
Total assets, end of year
$43,910,318
Total liabilities, end of year
$15,576,120
Net assets or fund balances, end of year
$28,334,198
Program services expenses (Part IX)
$18,106
Management and general expenses
$136,213
Fundraising expenses
$408,643
Program service expenses (Part III)
$18,106

Program services were 3.2% 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.

  • 1f · All other contributions, gifts and grants

    $3,724,545

  • 2a · Program service revenue: NONE

  • 3 · Investment income

    total $81,760 · excluded $81,760

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $73,263

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

    securities $14,812

  • 7c · Gain or loss

    securities $58,451

  • 7d · Net gain or loss

    total $58,451 · excluded $58,451

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,204 · program services $5,204

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $304,836 · management and general $76,209 · fundraising $228,627

  • 8 · Pension plan contributions

    total $7,883 · management and general $1,971 · fundraising $5,912

  • 9 · Other employee benefits

    total $48,596 · management and general $12,149 · fundraising $36,447

  • 10 · Payroll taxes

    total $18,717 · management and general $4,679 · fundraising $14,038

  • 11a · Fees: management

    total $233 · management and general $58 · fundraising $175

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $77,441 · management and general $19,358 · fundraising $58,083

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $12,902 · program services $12,902

  • 11g · Fees: other

    total $21,537 · management and general $5,384 · fundraising $16,153

  • 12 · Advertising and promotion

    total $8,375 · management and general $2,094 · fundraising $6,281

  • 13 · Office expenses

    total $48,292 · management and general $12,073 · fundraising $36,219

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $143 · management and general $36 · fundraising $107

  • 17 · Travel

    total $1,879 · management and general $470 · fundraising $1,409

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $1,711 · management and general $428 · fundraising $1,283

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: RECRUITMENT, RETENTION & EDU

    total $3,927 · management and general $982 · fundraising $2,945

  • 24b · Other expenses: TAXES & LICENSURE

    total $463 · management and general $116 · fundraising $347

  • 24c · Other expenses: UTILITIES, REPAIRS & MAINT.

    total $115 · management and general $29 · fundraising $86

  • 24d · Other expenses: ALL OTHER EXPENSES

    total $708 · management and general $177 · fundraising $531

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,089,613 · end of year $17,246,604

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $240,000 · end of year $7,320,864

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $169,421

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

    $1,004

  • 10c · Land, buildings and equipment, net

    end of year $168,417

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $7,540,674 · end of year $18,998,865

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $48,899 · end of year $175,568

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,818 · end of year $0

  • 18 · Grants payable

    beginning of year $65,464 · end of year $192,629

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,128,879 · end of year $15,383,491

  • 27 · Net assets without donor restrictions

    beginning of year $3,400,034 · end of year -$3,972,970

  • 28 · Net assets with donor restrictions

    beginning of year $4,313,991 · end of year $32,307,168

Mission and programs · 2024

Mission

THROUGH PHILANTROPHY, WE SEEK TO FURTHER CONE HEALTH'S COMMITMENT TO THE WELL BEING OF EVERY CITIZEN IN THE COMMUNITIES WE ARE PRIVILEGED TO SERVE.

Activities or mission (Part I)

THROUGH PHILANTROPHY, WE SEEK TO FURTHER CONE HEALTH'S COMMITMENT TO THE WELL BEING OF EVERY CITIZEN IN THE COMMUNITIES WE ARE PRIVILEDGED TO SERVE.

  • TO FURTHER ALAMANCE REGIONAL MEDICAL CENTER'S MISSION TO IMPROVE THE HEALTH OF THE CITIZENS OF ALAMANCE COUNTY AND ITS SURROUNDING COMMUNITIES.

    Expenses $18,106 · Grants $5,204

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CAGLE MD MARY JO

    CEO

    Total calculated
    $2,397,790
    From this org
    $0
    From related orgs
    $2,289,628
    Other
    $108,162
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,275,861 related
    Bonus
    $0 + $843,946 related
    Other
    $0 + $169,821 related
    Deferred
    $0 + $77,226 related
    Nontaxable benefits
    $0 + $30,936 related
    Filer's total
    $0 + $2,397,790 related

  • SCHNEIDER MICHELLE

    VP & CHIEF PHILANTHROPY OFFICE

    Total calculated
    $478,113
    From this org
    $0
    From related orgs
    $397,427
    Other
    $80,686
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $279,138 related
    Bonus
    $0 + $92,666 related
    Other
    $0 + $25,623 related
    Deferred
    $0 + $54,848 related
    Nontaxable benefits
    $0 + $25,838 related
    Filer's total
    $0 + $478,113 related

  • THOMAS KARA

    SR. EXECUTIVE ASSISTANT

    Total calculated
    $54,048
    From this org
    $0
    From related orgs
    $44,453
    Other
    $9,595
    Hours/week
    0 + 40 related

  • CHANDLER TED

    CHAIR

    Total calculated
    $0
    Hours/week
    0

  • SMITH III MD HENRY WB

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0

  • SHERRY BERNIE

    INTERIM CEO

    Total calculated
    $0
    Hours/week
    0

  • LUKING LIZ

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • MATHEWS CHRISTINE

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • DAHI JIANA

    PROJECT COORDINATOR

    Total calculated
    $0
    Hours/week
    0

  • DEJOURNETTE BARBARA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • DOUGLAS MAE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • FEMENIAS CLAUDIA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • FRENCH DAVID

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • HAMPTON BLAIRTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • HAYGOOD MD VANESSA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • HUMPHREY TOM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • POWELL MARY BETH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • SIMMS CAROLE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 6b · Pay contingent on a related organization's net earnings

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

EARNINGS CONTINGENT COMP
FORM 990, SCHEDULE J, PART I, LINE 6 OFFICERS ARE PAID BY MOSES H. CONE MEMORIAL HOSPITAL OPERATING CORPORATION, INC AND PARTICIPATE IN THE MANAGEMENT INCENTIVE COMPENSATION PROGRAM. UNDER THIS PROGRAM, A PORTION OF THE SALARY OF THOSE AT A LEVEL OF DEPARTMENT DIRECTOR AND HIGHER IS SET ASIDE AND IS CONTINGENT UPON THE HEALTH SYSTEM'S PERFORMANCE ON SEVERAL MEASURES, INCLUDING NET EARNINGS. NOTE: IF THESE MEASURES ARE NOT MET, THEIR COMPENSATION WILL BE BELOW THE MARKET LEVEL FOR THEIR JOB.

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

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.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202543219349308174

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