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Nonprofiteer
← NORTH CAROLINA BAPTIST HOSPITAL FOUNDATION

Form 990 for tax year 2023

Filed by NORTH CAROLINA BAPTIST HOSPITAL FOUNDATION.

Totals

Total revenue
$1,019,647
Total expenses
$1,097,917
Contributions and grants received
$2,384
Grants paid
$1,071,031
Program service revenue
$0
Investment income
$1,017,263
Other revenue
$0
Total assets, end of year
$54,516,770
Total liabilities, end of year
$10,548
Net assets or fund balances, end of year
$54,506,222
Program services expenses (Part IX)
$1,088,907
Management and general expenses
$9,010
Fundraising expenses
$0
Program service expenses (Part III)
$1,088,907

Program services were 99.2% 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

    $2,384

  • 3 · Investment income

    total $935,721 · excluded $935,721

  • 7a · Gross sales of assets other than inventory

    securities $81,542

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

    securities $0

  • 7c · Gain or loss

    securities $81,542

  • 7d · Net gain or loss

    total $81,542 · excluded $81,542

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,071,031 · program services $1,071,031

  • 11f · Fees: investment management

    total $26,886 · program services $17,876 · management and general $9,010

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,966,156 · end of year $6,966,155

  • 4 · Accounts receivable

    beginning of year $541,994 · end of year $1,143,825

  • 11 · Investments: publicly traded securities

    beginning of year $7,050,094 · end of year $5,228,130

  • 12 · Investments: other securities

    beginning of year $39,165,939 · end of year $41,178,660

  • 19 · Deferred revenue

    beginning of year $10,548 · end of year $10,548

  • 27 · Net assets without donor restrictions

    beginning of year $53,713,635 · end of year $54,506,222

Mission and programs · 2023

Mission

TO OPERATE AS A CHARITABLE ORGANIZATION, TO MAKE CHARITABLE DONATIONS AND FURTHER TO OPERATE AND CARRY OUT THE FUNCTIONS AND PURPOSES OF NORTH CAROLINA BAPTIST HOSPITAL.

Activities or mission (Part I)

TO OPERATE AND CARRY OUT THE FUNCTIONS AND PURPOSES OF NORTH CAROLINA BAPTIST HOSPITAL AND TO MAKE CHARITABLE DONATIONS

  • THE FOUNDATION WAS ESTABLISHED TO PROVIDE CHARITABLE FUNDING TO HELP MAINTAIN THE MISSION OF THE ORGANIZATION AND TO SUPPORT, PROMOTE, AND GENERALLY ADVANCE THE INTERESTS OF NORTH CAROLINA BAPTIST HOSPITAL IN THE PURSUIT OF ITS MINISTRIES OF HEALING. THE FOUNDATION PROVIDES SUPPORT TO THE HOSPITAL'S DIVISION OF FAITH AND HEALTH MINISTRIES AND ITS FAITHHEALTHNC INITIATIVE TO IMPROVE HEALTH WITHIN THE COMMUNITY AND BETTER ACCESS TO CARE.

    Expenses $1,088,907 · Grants $1,071,031

As filed on the 2023 return.

Listed in Part VII

  • Bradley A Clark

    TREASURER

    Total calculated
    $1,576,771
    From this org
    $1,431,976
    From related orgs
    $0
    Other
    $144,795
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $991,783
    Bonus
    $356,324
    Other
    $83,869
    Deferred
    $108,999
    Nontaxable benefits
    $35,796
    Filer's total
    $1,576,771

  • J McLain Wallace Jr

    SECRETARY

    Total calculated
    $1,019,508
    From this org
    $983,574
    From related orgs
    $0
    Other
    $35,934
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $611,075
    Bonus
    $228,185
    Other
    $144,314
    Deferred
    $20,425
    Nontaxable benefits
    $15,509
    Filer's total
    $1,019,508

  • A Lee Herring

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Arthur A Gibel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Edwin L Welch Jr

    CHAIR (TO 12/31/23)

    Total calculated
    $0
    Hours/week
    3 + 2 related

  • Sheree B Watson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Stephen L Robertson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • William C Warden Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 2 related

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

PART I, LINE 4B
CERTAIN 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 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
FORM 990, PART VII, LINE 5 - COMPENSATION FROM UNRELATED ORGANIZATION
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 HIS COMPENSATION. J. MCLAIN WALLACE, JR. WAS COMPENSATED BY WAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER ("WFUBMC"), AN AFFILIATED BUT UNRELATED ORGANIZATION, FOR SERVICES RENDERED TO THE ORGANIZATION. SEE PART VII AND SCHEDULE J FOR HIS COMPENSATION.

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.

  • CORNERSTONE HEALTH ENABLEMENT STRATEGIC SOLUTIONS LLC

    MGMT & TRANSFORM. SVC. - MEDICAL ORGS · NC

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202403209349300915

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