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Nonprofiteer
← HIGH POINT REGIONAL HEALTH FOUNDATION

Form 990 for tax year 2022

Filed by HIGH POINT REGIONAL HEALTH FOUNDATION.

Totals

Total revenue
$5,260,884
Total expenses
$3,053,910
Contributions and grants received
$4,323,541
Grants paid
$2,945,630
Program service revenue
$0
Investment income
$1,089,748
Other revenue
-$152,405
Total assets, end of year
$49,676,900
Total liabilities, end of year
$1,697,216
Net assets or fund balances, end of year
$47,979,684
Program services expenses (Part IX)
$2,985,714
Management and general expenses
$11,423
Fundraising expenses
$56,773
Program service expenses (Part III)
$2,985,714

Program services were 97.8% 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

    $372,284

  • 1f · All other contributions, gifts and grants

    $3,951,257

  • 3 · Investment income

    total $799,751 · excluded $799,751

  • 7a · Gross sales of assets other than inventory

    securities $289,997

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

    securities $0

  • 7c · Gain or loss

    securities $289,997

  • 7d · Net gain or loss

    total $289,997 · excluded $289,997

  • 8a · Fundraising events: gross income

    $0

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

    $372,284

  • 8b · Fundraising events: direct expenses

    $152,405

  • 8c · Net income from fundraising events

    total -$152,405 · excluded -$152,405

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,939,962 · program services $2,939,962

  • 2 · Grants to domestic individuals

    total $5,668 · program services $5,668

  • 11b · Fees: legal

    total $1,400 · program services $1,265 · management and general $135

  • 11e · Fees: professional fundraising services

    total $56,773 · fundraising $56,773

  • 11f · Fees: investment management

    total $26,487 · program services $17,887 · management and general $8,600

  • 13 · Office expenses

    total $22,901 · program services $20,295 · management and general $2,606

  • 16 · Occupancy

    total $719 · program services $637 · management and general $82

Balance sheet

Part X, book values.

  • 3 · Pledges and grants receivable

    beginning of year $1,572,753 · end of year $707,526

  • 11 · Investments: publicly traded securities

    beginning of year $52,624,410 · end of year $48,969,374

  • 17 · Accounts payable and accrued expenses

    beginning of year $202,226 · end of year $1,697,216

  • 27 · Net assets without donor restrictions

    beginning of year $24,625,190 · end of year $16,634,605

  • 28 · Net assets with donor restrictions

    beginning of year $29,369,747 · end of year $31,345,079

Mission and programs · 2022

Mission

TO PROMOTE HEALTH AND WELLNESS TO THE GENERAL PUBLIC THROUGH THE SUPPORT OF SERVICES AND MISSION OF HIGH POINT REGIONAL HEALTH (DBA ATRIUM HEALTH WAKE FOREST BAPTIST HIGH POINT MEDICAL CENTER).

  • THE ORGANIZATION PROVIDES VITAL PHILANTHROPIC SUPPORT TO HELP FUND SPECIAL PROJECTS, PROVIDE CONTINUING STAFF EDUCATION, FULFILL PATIENT SERVICES, AND PURCHASE LIFE-SAVING EQUIPMENT FOR HIGH POINT REGIONAL HEALTH (DBA ATRIUM HEALTH WAKE FOREST BAPTIST HIGH POINT MEDICAL CENTER).

    Expenses $2,985,714 · Grants $2,945,630

As filed on the 2022 return.

Listed in Part VII

  • James Hoekstra MD

    PRESIDENT, DIRECTOR

    Total calculated
    $1,208,941
    From this org
    $1,035,513
    From related orgs
    $0
    Other
    $173,428
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $604,714
    Bonus
    $274,995
    Other
    $155,804
    Deferred
    $148,500
    Nontaxable benefits
    $24,928
    Filer's total
    $1,208,941

  • Ken Smith

    CHAIR

    Total calculated
    $0
    Hours/week
    3 + 2 related

  • David Black

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Patrick Chapin

    DIRECTOR (TO 12/31/22)

    Total calculated
    $0
    Hours/week
    2

  • Harry Culp DDS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Julie Delgaudio

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Charlene Green

    DIRECTOR (TO 12/31/22)

    Total calculated
    $0
    Hours/week
    2

  • Sparky Stroud

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Donna Tucker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Don Webb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • Elliott Williams MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Carol Young

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Nancy Bowman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Andrew Cumby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Amy Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Gary Biesecker MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Andrew Caldwell

    DIRECTOR (FR 1/1/22)

    Total calculated
    $0
    Hours/week
    2

  • Barbara Eisenberg

    DIRECTOR (FR 1/1/22)

    Total calculated
    $0
    Hours/week
    2

  • Bradley A Clark

    TREASURER

    Total calculated
    $1,470,567
    From this org
    $1,335,054
    From related orgs
    $0
    Other
    $135,513
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $790,574
    Bonus
    $506,925
    Other
    $37,555
    Deferred
    $100,623
    Nontaxable benefits
    $34,890
    Filer's total
    $1,470,567

  • J McLain Wallace Jr

    SECRETARY

    Total calculated
    $1,143,860
    From this org
    $0
    From related orgs
    $984,139
    Other
    $159,721
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $590,200 related
    Bonus
    $0 + $252,513 related
    Other
    $0 + $141,426 related
    Deferred
    $0 + $144,251 related
    Nontaxable benefits
    $0 + $15,470 related
    Filer's total
    $0 + $1,143,860 related

  • Danny Squires

    FINANCE DIRECTOR

    Total calculated
    $296,313
    From this org
    $0
    From related orgs
    $257,565
    Other
    $38,748
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $221,339 related
    Bonus
    $0 + $33,121 related
    Other
    $0 + $3,105 related
    Deferred
    $0 + $18,129 related
    Nontaxable benefits
    $0 + $20,619 related
    Filer's total
    $0 + $296,313 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 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 $34,775 J. MCLAIN WALLACE, JR. $116,382 JAMES HOEKSTRA, MD $130,760
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 HIS 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 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.

  • HIGH POINT SURGERY CENTER LLC

    HEALTHCARE · NC

  • 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

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202323189349305487

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