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Nonprofiteer
← ALAMANCE COMMUNITY & HEALTH FOUNDATION INC

Form 990 for tax year 2023

Filed by ALAMANCE COMMUNITY & HEALTH FOUNDATION INC.

Totals

Total revenue
$2,292,467
Total expenses
$3,897,761
Contributions and grants received
$26,357
Grants paid
$1,745,723
Program service revenue
$0
Investment income
$2,266,110
Other revenue
$0
Total assets, end of year
$73,506,688
Total liabilities, end of year
$4,461,188
Net assets or fund balances, end of year
$69,045,500
Program services expenses (Part IX)
$2,742,115
Management and general expenses
$1,155,646
Fundraising expenses
$0
Program service expenses (Part III)
$2,742,115

Program services were 70.4% 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.

  • 1f · All other contributions, gifts and grants

    $26,357

  • 2a · Program service revenue: NONE

  • 3 · Investment income

    total $789,598 · excluded $789,598

  • 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 $14,862,749

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

    securities $13,386,237

  • 7c · Gain or loss

    securities $1,476,512

  • 7d · Net gain or loss

    total $1,476,512 · excluded $1,476,512

  • 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 $1,745,723 · program services $1,745,723

  • 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 $376,472 · program services $297,413 · management and general $79,059

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $400,399 · program services $316,315 · management and general $84,084

  • 8 · Pension plan contributions

    total $42,137 · program services $33,288 · management and general $8,849

  • 9 · Other employee benefits

    total $104,887 · program services $82,861 · management and general $22,026

  • 10 · Payroll taxes

    total $55,182 · program services $43,594 · management and general $11,588

  • 11a · Fees: management

    total $16,000 · program services $13,600 · management and general $2,400

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $23,853 · management and general $23,853

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $428,859 · management and general $428,859

  • 11g · Fees: other

    total $1,224 · management and general $1,224

  • 12 · Advertising and promotion

    total $15,294 · management and general $15,294

  • 13 · Office expenses

    total $67,033 · program services $38,209 · management and general $28,824

  • 14 · Information technology

    total $8,858 · management and general $8,858

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $50 · program services $36 · management and general $14

  • 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 $0

  • 22 · Depreciation, depletion and amortization

    total $336,691 · management and general $336,691

  • 23 · Insurance

    total $0

  • 24a · Other expenses: UTILITIES, REPAIRS & MAINTENAN

    total $173,874 · program services $86,937 · management and general $86,937

  • 24b · Other expenses: EDUCATION

    total $88,389 · program services $75,131 · management and general $13,258

  • 24c · Other expenses: TAX & LICENSURE

    total $323 · management and general $323

  • 24d · Other expenses: OTHER

    total $12,513 · program services $9,008 · management and general $3,505 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $748,360 · end of year $732,524

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $707 · end of year $0

  • 4 · Accounts receivable

    beginning of year $944 · end of year $2,741

  • 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

    $5,741,100

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

    $2,275,887

  • 10c · Land, buildings and equipment, net

    beginning of year $3,801,904 · end of year $3,465,213

  • 11 · Investments: publicly traded securities

    beginning of year $38,053,441 · end of year $44,797,904

  • 12 · Investments: other securities

    beginning of year $22,271,511 · end of year $24,492,826

  • 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 $12,465 · end of year $15,480

  • 17 · Accounts payable and accrued expenses

    beginning of year $259,332 · end of year $458,678

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 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 $3,947,720 · end of year $4,002,510

  • 27 · Net assets without donor restrictions

    beginning of year $60,682,289 · end of year $69,045,500

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

SEE SCHEDULE O

Activities or mission (Part I)

THE FOUNDATION IS DESIGNED TO IMPROVE THE HEALTH OF THE COMMUNITY WHILE BEING AN EXTENSION OF THE CARE THAT IS PROVIDED AT ALAMANCE REGIONAL MEDICAL CENTER.

  • HEALTHIER: CREATE, MAINTAIN, AND LEVERAGE CROSS-SECTOR PARTNERSHIPS THAT WILL CREATE EFFECTIVE STRATEGIES AND POLICIES THAT INCREASE CHILDREN'S ACCESS TO PHYSICAL ACTIVITY AND HEALTHY FOODS IN ALAMANCE COUNTY.

    Expenses $298,788 · Grants $298,788

  • SMARTER: DEVELOP A CRADLE TO CAREER PARTNERSHIP THAT ENGAGES THE COMMUNITY, FOCUSES ON ELIMINATING LOCALLY DEFINED DISPARITIES, DEVELOPS A CULTURE OF CONTINUOUS IMPROVEMENT AND LEVERAGES EXISTING ASSETS. SUPPORT PUBLIC EDUCATION TO INCREASE CAPACITY TO PROVIDE FAMILIES WITH WRAP-AROUND SERVICES THEY NEED TO SUCCEED. ENGAGE THE COMMUNITY IN DIALOGUE THAT BUILDS A CULTURE FOR SUPPORTING AND INVESTING IN CHILDREN. RESEARCH, IDENTIFY AND INVEST IN BEST PRACTICES FOR IMPROVING EARLY EDUCATION AND WELLNESS FOR CHILDREN 0-5.

    Expenses $664,052 · Grants $664,052

  • STRONGER: SUPPORT LOCAL COMMUNITY ORGANIZATIONS BY PROVIDING RESPONSIVE GRANT FUNDING THAT WILL ENHANCE THE COMMUNITY'S PHYSICAL, SOCIAL, EMOTIONAL OR COGNITIVE HEALTH. SUPPORT NONPROFITS WITH BUILDING THEIR ASSETS TO DEVELOP SUSTAINABILITY AND PROVIDE FAMILIES WITH SERVICES THEY NEED TO BE HEALTHY. PROVIDE ANNUAL CONTRIBUTION AND SPONSORSHIPS FOR FUNDRAISING, EDUCATION AND COMMUNITY AWARENESS EVENTS. RESPOND TO COMMUNITY NEEDS BY OFFERING FLEXIBLE FUNDING TO NONPROFITS DURING TIMES OF CRISIS.

    Expenses $782,883 · Grants $782,883

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Eaton Mandy

    TRUSTEE

    Total calculated
    $940,578
    From this org
    $0
    From related orgs
    $861,178
    Other
    $79,400
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $689,759 related
    Bonus
    $0 + $72,205 related
    Other
    $0 + $99,214 related
    Deferred
    $0 + $45,000 related
    Nontaxable benefits
    $0 + $34,400 related
    Filer's total
    $0 + $940,578 related

  • Gordon Mark

    TRUSTEE

    Total calculated
    $530,423
    From this org
    $0
    From related orgs
    $442,531
    Other
    $87,892
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $377,660 related
    Bonus
    $0
    Other
    $0 + $64,871 related
    Deferred
    $0 + $57,119 related
    Nontaxable benefits
    $0 + $30,773 related
    Filer's total
    $0 + $530,423 related

  • Grayzer Catherine

    PRESIDENT

    Total calculated
    $208,915
    From this org
    $178,770
    From related orgs
    $0
    Other
    $30,145
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,149
    Bonus
    $250
    Other
    $371
    Deferred
    $21,225
    Nontaxable benefits
    $8,920
    Filer's total
    $208,915

  • Green Marcy

    ASSISTANT SECRETARY

    Total calculated
    $126,561
    From this org
    $92,624
    From related orgs
    $0
    Other
    $33,937
    Hours/week
    40

  • Alston Nicole

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Boylston MD Yun

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Brandon MD Ashley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Bridges Vernetta

    EQUITY COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    0

  • Chandler Ted

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Hornaday Fd

    CHAIR

    Total calculated
    $0
    Hours/week
    0

  • Ida Albion

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Krall Martha

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Lambert MD Leo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • McClure Griffin

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    0

  • Stearns Pete

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Woodall Edward

    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

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

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.

  • NSC GREENSBORO WEST LLC

    HEALTHCARE · AL

    Directly controlled by MC MED SVCS

  • CONE HEALTH VENTURES LLC

    INNOVATION · NC

    Directly controlled by WLCHS

  • HTA HOLDINGS LLC

    HOLDING COMPANY · NC

    Directly controlled by WLCHS

Related corporations and trusts

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

  • WESLEY LONG COMMUNITY HEALTH SERVICES

    C CORP · HEALTHCARE · NC

    Directly controlled by MC PARENT

  • PIEDMONT PRACTICE ASSOCIATES INC

    C CORP · HEALTHCARE · NC

    Directly controlled by WLCHS

  • CARE N' CARE INSURANCE COMPANY OF NORTH

    C CORP · INSURANCE · NC

    Directly controlled by HTA HOLDINGS

  • INSURANCE CASUALTY AND RISK ENTERPRISE

    C CORP · SELF INSURANCE · CJ

    Directly controlled by MC PARENT

Provenance

Return type
form_990
Tax year
2023
Filed
13 August 2025
IRS schema version
2023v6.0
Source object
202542269349300814

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