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Nonprofiteer
← ALAMANCE COMMUNITY & HEALTH FOUNDATION INC

Form 990 for tax year 2024

Filed by ALAMANCE COMMUNITY & HEALTH FOUNDATION INC.

Totals

Total revenue
$877,684
Total expenses
$952,766
Contributions and grants received
$0
Grants paid
$306,692
Program service revenue
$0
Investment income
$877,684
Other revenue
$0
Total assets, end of year
$73,690,874
Total liabilities, end of year
$5,169,456
Net assets or fund balances, end of year
$68,521,418
Program services expenses (Part IX)
$565,330
Management and general expenses
$387,436
Fundraising expenses
$0
Program service expenses (Part III)
$565,330

Program services were 59.3% 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.

  • 2a · Program service revenue: NONE

  • 3 · Investment income

    total $188,443 · excluded $188,443

  • 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 $2,877,604

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

    securities $2,188,363

  • 7c · Gain or loss

    securities $689,241

  • 7d · Net gain or loss

    total $689,241 · excluded $689,241

  • 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 $306,692 · program services $306,692

  • 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 $86,240 · program services $68,130 · management and general $18,110

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $122,581 · program services $96,839 · management and general $25,742

  • 8 · Pension plan contributions

    total $11,230 · program services $8,872 · management and general $2,358

  • 9 · Other employee benefits

    total $33,025 · program services $26,090 · management and general $6,935

  • 10 · Payroll taxes

    total $12,485 · program services $9,863 · management and general $2,622

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $2,635 · management and general $2,635

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $108,372 · management and general $108,372

  • 11g · Fees: other

    total $94,349 · management and general $94,349

  • 12 · Advertising and promotion

    total $2,561 · management and general $2,561

  • 13 · Office expenses

    total $22,445 · program services $12,793 · management and general $9,652

  • 14 · Information technology

    total $9,389 · management and general $9,389

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 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 $84,865 · management and general $84,865

  • 23 · Insurance

    total $0

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

    total $31,744 · program services $15,872 · management and general $15,872

  • 24b · Other expenses: EDUCATION

    total $21,036 · program services $17,881 · management and general $3,155

  • 24c · Other expenses: TAX & LICENSURE

    total -$74 · management and general -$74

  • 24d · Other expenses: OTHER

    total $3,191 · program services $2,298 · management and general $893 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $732,524 · end of year $682,700

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $2,741 · end of year $1,778

  • 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

    $2,360,751

  • 10c · Land, buildings and equipment, net

    beginning of year $3,465,213 · end of year $3,380,349

  • 11 · Investments: publicly traded securities

    beginning of year $44,797,904 · end of year $34,641,575

  • 12 · Investments: other securities

    beginning of year $24,492,826 · end of year $34,969,118

  • 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 $15,480 · end of year $15,354

  • 17 · Accounts payable and accrued expenses

    beginning of year $458,678 · end of year $501,081

  • 18 · Grants payable

    beginning of year $0 · end of year $365,500

  • 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 $4,002,510 · end of year $4,302,875

  • 27 · Net assets without donor restrictions

    beginning of year $69,045,500 · end of year $68,521,418

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

THE ALAMANCE COMMUNITY AND HEALTH FOUNDATION'S (DBA, IMPACT ALAMANCE) MISSION IS TO STRATEGICALLY INVEST IN OUR COMMUNITY FOR HOPE, HEALTH AND PROSPERITY. TO FULFILL THAT MISSION, WE SEEK TO BRING THE COMMUNITY TOGETHER FOR HEALTHY CHANGE. WE BELIEVE THAT BY WORKING TOGETHER, WE CAN BUILD A STRONGER, MORE PROSPEROUS FUTURE FOR US ALL. AS A FOUNDATION, OUR GOAL IS TO MAKE INVESTMENTS IN OUR COMMUNITY THAT WILL CREATE LASTING, SUSTAINABLE CHANGE IN ALAMANCE COUNTY. IMPACT ALAMANCE FOCUSES ITS COMMUNITY INVESTMENTS IN THREE STRATEGIC AREAS DESIGNED TO CREATE THIS CHANGE: ADVOCATING AND CREATING SYSTEMS FOR ALL CHILDREN TO THRIVE FROM CRADLE TO CAREER, BUILDING HEALTHY ENVIRONMENTS THAT MAKE THE HEALTHY CHOICE THE EASY CHOICE AND SUPPORTING OUR NONPROFITS THAT HELP CREATE A STRONG GRID OF RESOURCES FOR OUR ENTIRE COMMUNITY. IMPACT ALAMANCE IS A PROUD PART OF THE CONE HEALTH NETWORK FOR EXCEPTIONAL CARE. AS A SUPPORTING ORGANIZATION OF ALAMANCE REGIONAL MEDICAL CENTER, OUR INVESTMENTS ARE R

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 $83,618 · Grants $83,618

  • 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 $61,311 · Grants $61,311

  • 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 $255,763 · Grants $255,763

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

Listed in Part VII

  • GRAYZER CATHERINE

    PRESIDENT

    Total calculated
    $260,645
    From this org
    $224,708
    From related orgs
    $0
    Other
    $35,937
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,719
    Bonus
    $38,340
    Other
    $5,649
    Deferred
    $26,581
    Nontaxable benefits
    $9,356
    Filer's total
    $260,645

  • GREEN MARCY

    ASSISTANT SECRETARY

    Total calculated
    $132,288
    From this org
    $96,431
    From related orgs
    $0
    Other
    $35,857
    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

  • COLVILLE KATHY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • HORNADAY FD

    CHAIR

    Total calculated
    $0
    Hours/week
    0

  • IDA ALBION

    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

  • RATLIFF LEANDRA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • ROMERO KIMBERLY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • STEARNS PETE

    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
12 November 2025
IRS schema version
2024v5.2
Source object
202523509349300412

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