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Nonprofiteer
← MOSES CONE-WESLEY LONG COMMUNITY HEALTH FOUNDATION INC

Form 990 for tax year 2022

Filed by MOSES CONE-WESLEY LONG COMMUNITY HEALTH FOUNDATION INC.

Totals

Total revenue
-$6,773,086
Total expenses
$5,770,389
Contributions and grants received
$47,350
Grants paid
$3,655,931
Program service revenue
$0
Investment income
-$6,822,078
Other revenue
$1,642
Total assets, end of year
$107,080,834
Total liabilities, end of year
$2,414,078
Net assets or fund balances, end of year
$104,666,756
Program services expenses (Part IX)
$3,655,931
Management and general expenses
$2,114,458
Fundraising expenses
$0
Program service expenses (Part III)
$3,655,931

Program services were 63.4% 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

    $47,350

  • 2a · Program service revenue: NONE

  • 3 · Investment income

    total $1,498,379 · excluded $1,498,379

  • 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 $39,438,293

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

    securities $47,758,750

  • 7c · Gain or loss

    securities -$8,320,457

  • 7d · Net gain or loss

    total -$8,320,457 · excluded -$8,320,457

  • 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

  • 11a · Other revenue: LAWSUIT AND OTHER SETTLEMENTS

    total $1,642

  • 11e · Other revenue, total

    $1,642

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,655,931 · program services $3,655,931

  • 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 $401,482 · management and general $401,482

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $374,732 · management and general $374,732

  • 8 · Pension plan contributions

    total $33,536 · management and general $33,536

  • 9 · Other employee benefits

    total $98,084 · management and general $98,084

  • 10 · Payroll taxes

    total $52,078 · management and general $52,078

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $168,484 · management and general $168,484

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $623,024 · management and general $623,024

  • 11g · Fees: other

    total $102,819 · management and general $102,819

  • 12 · Advertising and promotion

    total $1,299 · management and general $1,299

  • 13 · Office expenses

    total $125,484 · management and general $125,484

  • 14 · Information technology

    total $5,328 · management and general $5,328

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $55,331 · management and general $55,331

  • 17 · Travel

    total $324 · management and general $324

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $158 · management and general $158

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $29,000 · management and general $29,000

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0 · fundraising $0

  • 24a · Other expenses: EDUCATION

    total $17,565 · management and general $17,565

  • 24b · Other expenses: UTILITIES AND REPAIRS

    total $24,185 · management and general $24,185

  • 24c · Other expenses: ORGANIZATION MEMBERSHIPS

    total $1,545 · management and general $1,545

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $28,130,282 · end of year $3,656,643

  • 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 $2,082 · end of year $7,967

  • 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

    $1,727

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

    $1,727

  • 11 · Investments: publicly traded securities

    beginning of year $52,297,835 · end of year $74,074,660

  • 12 · Investments: other securities

    beginning of year $23,092,605 · end of year $29,009,252

  • 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 $0 · end of year $332,312

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,384 · end of year $27,514

  • 18 · Grants payable

    beginning of year $2,829,378 · end of year $1,976,345

  • 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 $48,621 · end of year $410,220

  • 27 · Net assets without donor restrictions

    beginning of year $100,604,421 · end of year $104,666,756

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

To eliminate health inequities by advocating for and investing in community-driven solutions.

Activities or mission (Part I)

TO INVEST IN THE DEVELOPMENT AND SUPPORT OF ACTIVITIES, PROGRAMS AND ORGANIZATIONS THAT MEASURABLY IMPROVE THE HEALTH OF PEOPLE IN THE GREATER GREENSBORO AREA.

  • Cone Health Foundation invests in the development and support of activities, programs and organizations that measurably improve the health of people in the greater Greensboro area, primarily in the areas of access to care, adolescent pregnancy prevention, HIV, substance use and mental health disorders, community collaborations and other initiatives.

    Expenses $3,655,931 · Grants $3,655,931

As filed on the 2022 return.

Listed in Part VII

  • Miller John

    Assistant Treasurer

    Total calculated
    $643,661
    From this org
    $0
    From related orgs
    $541,185
    Other
    $102,476
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $368,070 related
    Bonus
    $0 + $101,991 related
    Other
    $0 + $71,124 related
    Deferred
    $0 + $90,275 related
    Nontaxable benefits
    $0 + $12,201 related
    Filer's total
    $0 + $643,661 related

  • Jeffrey Paul

    Trustee

    Total calculated
    $602,513
    From this org
    $0
    From related orgs
    $557,513
    Other
    $45,000
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $381,445 related
    Bonus
    $0 + $118,905 related
    Other
    $0 + $57,163 related
    Deferred
    $0 + $37,015 related
    Nontaxable benefits
    $0 + $7,985 related
    Filer's total
    $0 + $602,513 related

  • Leggett MD Kelly

    Secretary

    Total calculated
    $496,206
    From this org
    $0
    From related orgs
    $446,979
    Other
    $49,227
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $339,547 related
    Bonus
    $0 + $80,546 related
    Other
    $0 + $26,886 related
    Deferred
    $0 + $48,843 related
    Nontaxable benefits
    $0 + $384 related
    Filer's total
    $0 + $496,206 related

  • Krishnan MD Sendil

    Trustee

    Total calculated
    $395,473
    From this org
    $0
    From related orgs
    $349,597
    Other
    $45,876
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $296,435 related
    Bonus
    $0 + $52,709 related
    Other
    $0 + $453 related
    Deferred
    $0 + $41,453 related
    Nontaxable benefits
    $0 + $4,423 related
    Filer's total
    $0 + $395,473 related

  • Shumaker Susan

    President

    Total calculated
    $352,068
    From this org
    $293,008
    From related orgs
    $0
    Other
    $59,060
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,989
    Bonus
    $21,759
    Other
    $44,260
    Deferred
    $56,071
    Nontaxable benefits
    $2,989
    Filer's total
    $352,068

  • Wright MD Patrick

    Trustee

    Total calculated
    $278,776
    From this org
    $0
    From related orgs
    $228,178
    Other
    $50,598
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $213,630 related
    Bonus
    $0
    Other
    $0 + $14,548 related
    Deferred
    $0 + $46,924 related
    Nontaxable benefits
    $0 + $3,674 related
    Filer's total
    $0 + $278,776 related

  • Boren Sandra

    VP & Senior Program Officer

    Total calculated
    $136,311
    From this org
    $106,508
    From related orgs
    $0
    Other
    $29,803
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $100,387
    Bonus
    $200
    Other
    $5,921
    Deferred
    $23,762
    Nontaxable benefits
    $6,041
    Filer's total
    $136,311

  • Richburg Antonia

    VP & Senior Program Officer

    Total calculated
    $109,428
    From this org
    $98,622
    From related orgs
    $0
    Other
    $10,806
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $93,981
    Bonus
    $0
    Other
    $4,641
    Deferred
    $6,418
    Nontaxable benefits
    $4,388
    Filer's total
    $109,428

  • Cone Sam

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Douglas Mae

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Gatling Kim

    Chair

    Total calculated
    $0
    Hours/week
    0

  • Harris Ross

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Kennedy Chesley

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Lester Wilson

    Treasurer

    Total calculated
    $0
    Hours/week
    0

  • Pompey Robert

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Robinson Ursula

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Sumerford Steve

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Sandoval Jose

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Yntema Kristen

    Vice Chair & Assistant Secreta

    Total calculated
    $0
    Hours/week
    0

  • Sims Mac

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Pratt Laura

    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 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Provenance

Return type
form_990
Tax year
2022
Filed
1 July 2024
IRS schema version
2022v5.0
Source object
202402279349301835

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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