Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $420,951

• 1f · All other contributions, gifts and grants

  $1,794,770

• 3 · Investment income

  total $562,555 · excluded $562,555

• 7a · Gross sales of assets other than inventory

  securities $147,141

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

  securities $0

• 7c · Gain or loss

  securities $147,141

• 7d · Net gain or loss

  total $147,141 · excluded $147,141

• 8a · Fundraising events: gross income

  $0

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

  $420,951

• 8b · Fundraising events: direct expenses

  $224,184

• 8c · Net income from fundraising events

  total -$224,184 · excluded -$224,184

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $2,932,159 · program services $2,932,159

• 2 · Grants to domestic individuals

  total $747 · program services $747

• 11a · Fees: management

  total $26,016 · program services $17,298 · management and general $8,718

• 13 · Office expenses

  total $38,062 · program services $30,626 · management and general $7,436

• 16 · Occupancy

  total $5,446 · program services $4,382 · management and general $1,064

• 24a · Other expenses: OTHER SUPPLIES

  total $5,391 · program services $4,338 · management and general $1,053

Balance sheet

Part X, book values.

• 3 · Pledges and grants receivable

  beginning of year $707,526 · end of year $916,804

• 11 · Investments: publicly traded securities

  beginning of year $48,969,374 · end of year $50,959,581

• 17 · Accounts payable and accrued expenses

  beginning of year $1,697,216 · end of year $3,431,912

• 27 · Net assets without donor restrictions

  beginning of year $16,634,605 · end of year $16,404,313

• 28 · Net assets with donor restrictions

  beginning of year $31,345,079 · end of year $32,040,160

The filer's explanations (Part III)

PART I, LINE 4B

CERTAIN DIRECTORS AND OFFICERS OF THE FILING ORGANIZATION PARTICIPATED IN AND/OR RECEIVED PAYMENTS FROM A NON-QUALIFIED DEFERRED COMPENSATION PLAN (RESTORATION OR SERP). THE DETERMINATION OF THE PAYMENT AMOUNT FROM THE NON-QUALIFIED DEFERRED COMPENSATION PLANS FOLLOWED THE EMPLOYMENT ORGANIZATION'S COMPENSATION PROCEDURES. THE FOLLOWING DIRECTORS AND OFFICERS RECEIVED PAYMENTS FROM NON-QUALIFIED DEFERRED COMPENSATION PLANS DURING THE CURRENT TAX YEAR: BRADLEY A. CLARK 80,393 J. MCLAIN WALLACE, JR. 114,290 JAMES HOEKSTRA, MD 127,760

FORM 990, PART VII, LINE 5 - COMPENSATION FROM UNRELATED ORGANIZATION

JAMES HOEKSTRA, MD WAS COMPENSATED BY WAKE FOREST UNIVERSITY HEALTH SCIENCES, AN AFFILIATED BUT UNRELATED ORGANIZATION, FOR SERVICES RENDERED TO THE ORGANIZATION. SEE PART VII AND SCHEDULE J, PART II FOR COMPENSATION. BRADLEY A. CLARK WAS COMPENSATED BY THE CHARLOTTE-MECKLENBURG HOSPITAL AUTHORITY ("CMHA", DOING BUSINESS AS ATRIUM HEALTH), AN AFFILIATED BUT UNRELATED ORGANIZATION, FOR SERVICES RENDERED TO THE ORGANIZATION. SEE PART VII AND SCHEDULE J FOR COMPENSATION.

Related partnerships

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

• MS LAND HOLDING CO LLC

  REAL ESTATE · NC

• HHI-WS LLC

  INVESTMENT · NC

Related corporations and trusts

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

• HIGH POINT HEALTHCARE VENTURES INC

  C · REAL ESTATE · NC