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Nonprofiteer
← CONE HEALTH PHILANTHROPIC FOUNDATION

Form 990 for tax year 2022

Filed by CONE HEALTH PHILANTHROPIC FOUNDATION.

Totals

Total revenue
$371,619
Total expenses
$422,555
Contributions and grants received
$249,582
Grants paid
$386,075
Program service revenue
$0
Investment income
$132,708
Other revenue
-$10,671
Total assets, end of year
$7,709,890
Total liabilities, end of year
$730,657
Net assets or fund balances, end of year
$6,979,233
Program services expenses (Part IX)
$402,619
Management and general expenses
$14,952
Fundraising expenses
$4,984
Program service expenses (Part III)
$402,619

Program services were 95.3% 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.

  • 1c · Fundraising events

    $95,286

  • 1f · All other contributions, gifts and grants

    $154,296

  • 2a · Program service revenue: NONE

  • 3 · Investment income

    total $100,427 · excluded $100,427

  • 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 $94,125

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

    securities $61,843

  • 7c · Gain or loss

    securities $32,282

  • 7d · Net gain or loss

    total $32,281 · excluded $32,281

  • 8a · Fundraising events: gross income

    $8,250

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

    $95,286

  • 8b · Fundraising events: direct expenses

    $18,921

  • 8c · Net income from fundraising events

    total -$10,671 · excluded -$10,671

  • 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 $386,075 · program services $386,075

  • 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 $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $4,356 · management and general $3,267 · fundraising $1,089

  • 11c · Fees: accounting

    total $7,526 · management and general $5,644 · fundraising $1,882

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $16,544 · program services $16,544

  • 11g · Fees: other

    total $4,937 · management and general $3,703 · fundraising $1,234

  • 12 · Advertising and promotion

    total $288 · management and general $216 · fundraising $72

  • 13 · Office expenses

    total $2,698 · management and general $2,024 · fundraising $674

  • 14 · Information technology

    total $0

  • 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 $131 · management and general $98 · fundraising $33

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

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

    total $0

  • 24b · Other expenses: MOTOR VEHICLE & OTHER TRANSP

    total $0

  • 24c · Other expenses: ALL OTHER EXPENSES

    total $0

  • 24d · Other expenses: MEDICAL SUPPLIES & SERVICES

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $442,776 · end of year $673,634

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $441,225 · end of year $341,575

  • 4 · Accounts receivable

    beginning of year $1,296 · end of year $353

  • 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

    $1,004

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

    $1,004

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $6,102,159 · end of year $6,653,126

  • 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 $37,063 · end of year $41,202

  • 17 · Accounts payable and accrued expenses

    beginning of year $72,480 · end of year $11,400

  • 18 · Grants payable

    beginning of year $0 · end of year $78,570

  • 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 $449,052 · end of year $640,687

  • 27 · Net assets without donor restrictions

    beginning of year $2,457,827 · end of year $2,742,745

  • 28 · Net assets with donor restrictions

    beginning of year $4,045,160 · end of year $4,236,488

Mission and programs · 2022

Mission

TO SUPPORT OPERATIONS OF ALAMANCE REGIONAL MEDICAL CENTER AND IMPROVE THE HEALTH OF THE CITIZENS OF ALAMANCE COUNTY AND ITS SURROUNDING COMMUNITIES.

Activities or mission (Part I)

SUPPORT OPERATIONS OF ALAMANCE REGIONAL MEDICAL CENTER, INC.

  • TO FURTHER ALAMANCE REGIONAL MEDICAL CENTER'S MISSION TO IMPROVE THE HEALTH OF THE CITIZENS OF ALAMANCE COUNTY AND ITS SURROUNDING COMMUNITIES.

    Expenses $402,619 · Grants $386,075

As filed on the 2022 return.

Listed in Part VII

  • Arida MD Muhammad

    Trustee

    Total calculated
    $886,487
    From this org
    $0
    From related orgs
    $856,705
    Other
    $29,782
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $785,057 related
    Bonus
    $0 + $69,692 related
    Other
    $0 + $1,956 related
    Deferred
    $0 + $21,130 related
    Nontaxable benefits
    $0 + $8,652 related
    Filer's total
    $0 + $886,487 related

  • Gordon Mark

    Trustee

    Total calculated
    $557,711
    From this org
    $0
    From related orgs
    $503,076
    Other
    $54,635
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $353,136 related
    Bonus
    $0 + $99,530 related
    Other
    $0 + $50,410 related
    Deferred
    $0 + $52,097 related
    Nontaxable benefits
    $0 + $2,538 related
    Filer's total
    $0 + $557,711 related

  • Hunt Stokes Ann

    Executive Director

    Total calculated
    $179,461
    From this org
    $0
    From related orgs
    $138,539
    Other
    $40,922
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $117,326 related
    Bonus
    $0 + $18,402 related
    Other
    $0 + $2,811 related
    Deferred
    $0 + $28,900 related
    Nontaxable benefits
    $0 + $12,022 related
    Filer's total
    $0 + $179,461 related

  • Wooten Ben

    Past Chair

    Total calculated
    $134,874
    From this org
    $0
    From related orgs
    $122,169
    Other
    $12,705
    Hours/week
    0 + 40 related

  • Boon Katherine

    Trustee

    Total calculated
    $68,438
    From this org
    $42,016
    From related orgs
    $0
    Other
    $26,422
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $22,063
    Bonus
    $19,717
    Other
    $236
    Deferred
    $23,769
    Nontaxable benefits
    $2,653
    Filer's total
    $68,438

  • Clark William

    Vice-Chair

    Total calculated
    $0
    Hours/week
    0

  • Hampton Blair

    Chair

    Total calculated
    $0
    Hours/week
    0

  • Hornaday FD

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • McClure Griffin

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Gibson Isaac

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Humphrey Tom

    Treasurer

    Total calculated
    $0
    Hours/week
    0

  • Parker Edna

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Wheeler Sharon

    Secretary

    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.

  • Cone Health Connected Care LLC

    For Profit HC · NC · general or managing partner

    Directly controlled by WLCHS

  • NSC Greensboro West LLC

    Physicians · AL

    Directly controlled by MC Med Svcs

  • Cone Health Ventures LLC

    Innovation · NC · general or managing partner

    Directly controlled by WLCHS

  • HTA Holdings LLC

    Holding Company · NC · general or managing partner

    Directly controlled by WLCHS

Related corporations and trusts

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

  • Wesley Long Community Health Services

    C · Medical Servi · NC · controlled entity

    Directly controlled by MC Parent

  • Insurance Casualty and Risk Enterprise

    C · Self Insuranc · CJ · 100% owned · controlled entity

    Directly controlled by MC Parent

  • Fuse Oncology Inc

    C · Software · NC · controlled entity

    Directly controlled by MC Parent

Provenance

Return type
form_990
Tax year
2022
Filed
1 July 2024
IRS schema version
2022v5.0
Source object
202432279349302263

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