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← CAPE FEAR VALLEY MEDICAL FOUNDATION INC

Form 990 for tax year 2022

Filed by CAPE FEAR VALLEY MEDICAL FOUNDATION INC.

Totals

Total revenue
$3,029,454
Total expenses
$4,375,928
Contributions and grants received
$2,620,367
Grants paid
$282,185
Program service revenue
$0
Investment income
$475,984
Other revenue
-$66,897
Total assets, end of year
$11,479,058
Total liabilities, end of year
$15,461
Net assets or fund balances, end of year
$11,463,597
Program services expenses (Part IX)
$3,898,151
Management and general expenses
$140,975
Fundraising expenses
$336,802
Program service expenses (Part III)
$3,898,151

Program services were 89.1% 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

    $157,379

  • 1d · Related organizations

    $483,877

  • 1f · All other contributions, gifts and grants

    $1,979,111

  • 1g · Noncash contributions included above

    $188,781

  • 3 · Investment income

    total $433,303 · excluded $433,303

  • 7a · Gross sales of assets other than inventory

    securities $6,483,557

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

    securities $6,440,876

  • 7c · Gain or loss

    securities $42,681

  • 7d · Net gain or loss

    total $42,681 · excluded $42,681

  • 8a · Fundraising events: gross income

    $0

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

    $157,379

  • 8b · Fundraising events: direct expenses

    $66,897

  • 8c · Net income from fundraising events

    total -$66,897 · excluded -$66,897

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $161,894 · program services $161,894

  • 2 · Grants to domestic individuals

    total $120,291 · program services $120,291

  • 11f · Fees: investment management

    total $54,636 · management and general $54,636

  • 11g · Fees: other

    total $167,397 · fundraising $167,397

  • 13 · Office expenses

    total $22,166 · management and general $20,529 · fundraising $1,637

  • 17 · Travel

    total $24,426 · management and general $24,426

  • 23 · Insurance

    total $2,943 · management and general $2,943

  • 24a · Other expenses: OTHER COSTS

    total $3,615,966 · program services $3,615,966

  • 24b · Other expenses: DUES, BOOKS, & SUBSCRIP

    total $149,191 · fundraising $149,191

  • 24c · Other expenses: RECOGNITION & PROMOTION

    total $34,886 · management and general $30,178 · fundraising $4,708

  • 24d · Other expenses: PRINTING

    total $12,580 · fundraising $12,580

  • 24e · All other expenses

    total $9,552 · management and general $8,263 · fundraising $1,289

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,614,991 · end of year $487,603

  • 3 · Pledges and grants receivable

    beginning of year $336,699 · end of year $865,540

  • 4 · Accounts receivable

    beginning of year $17,832 · end of year $17,832

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

    $56,867

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

    $56,867

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $9,249,084 · end of year $10,108,083

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,753 · end of year $15,461

  • 27 · Net assets without donor restrictions

    beginning of year $3,625,550 · end of year $4,286,323

  • 28 · Net assets with donor restrictions

    beginning of year $8,577,303 · end of year $7,177,274

Mission and programs · 2022

Mission

THE MISSION OF THE CAPE FEAR VALLEY HEALTH FOUNDATION IS TO SERVE THE COMMUNITY BY BUILDING AWARENESS AND PHILANTHROPIC SUPPORT FOR CAPE FEAR VALLEY HEALTH AS IT PROVIDES COMPASSIONATE, QUALITY HEALTHCARE FOR ALL ITS PATIENTS.

Activities or mission (Part I)

TO ADVANCE HEALTHCARE IN AND AROUND CUMBERLAND COUNTY, NC.

  • FRIENDS OF CHILDREN - ASSISTS WITH THE CARE OF CHILDREN BOTH AS OUTPATIENTS AND INPATIENTS. FRIENDS OF CANCER CENTER - ASSISTS CANCER PATIENTS BOTH AS OUTPATIENTS AND INPATIENTS. GENERAL FUND - IMPROVEMENT OF HOSPITAL SERVICES TO PATIENTS AT CAPE FEAR VALLEY MEDICAL CENTER AND THEIR FAMILIES. PROGRAMS SERVED A TOTAL OF 311,538 PATIENTS.

    Expenses $3,898,151 · Grants $282,184

As filed on the 2022 return.

Listed in Part VII

  • Ryan Aul

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Dr Rakesh Gupta

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Lynda B Clark

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Dr Marion Gillis-Olion

    ASSOC. SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Chris Dixon

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Davis Puryear

    ASSOC. SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Thomas Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mary Flagg Haugh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Peggy Holt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dr Karen Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jessica Kouba

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dr Walson Metzger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Chris Neal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Paige Ross

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Marcos Soltren

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Charlene Wyatt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sabrina Brooks

    VICE PRESIDENT

    Total calculated
    $138,338
    From this org
    $0
    From related orgs
    $129,821
    Other
    $8,517
    Hours/week
    40

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.

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.

  • FAYETTEVILLE AMB SURGERY CENTER

    RELATED · HEALTHCARE · NC

    Directly controlled by CCHS

  • THE MED IMAGING CENTER LLC

    RELATED · HEALTHCARE · NC

    Directly controlled by CCHS

Related corporations and trusts

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

  • HIGHSMITH-RAINEY MED ARTS CENTER ASSOC

    C · RENTAL ASSOC. · NC

    Directly controlled by CCHS

  • CUMBERLAND HLTH PARTNERS INC (INACTIVE)

    C · BEHAVIORAL HEALTH · NC

    Directly controlled by CCHS

  • CAPE FEAR INSURANCE LTD

    C · INSURANCE · CJ

    Directly controlled by CCHS

Provenance

Return type
form_990
Tax year
2022
Filed
3 February 2025
IRS schema version
2022v5.0
Source object
202500349349301465

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