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Nonprofiteer
← TRIANGLE NORTH HEALTHCARE FOUNDATION INC

Form 990 for tax year 2023

Filed by TRIANGLE NORTH HEALTHCARE FOUNDATION INC.

Totals

Total revenue
$1,541,193
Total expenses
$1,545,977
Contributions and grants received
$997,000
Grants paid
$1,356,612
Program service revenue
$0
Investment income
$550,827
Other revenue
-$6,634
Total assets, end of year
$16,994,261
Total liabilities, end of year
$14,358
Net assets or fund balances, end of year
$16,979,903
Program services expenses (Part IX)
$1,376,862
Management and general expenses
$169,115
Fundraising expenses
$0
Program service expenses (Part III)
$1,376,862

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.

  • 1d · Related organizations

    $997,000

  • 3 · Investment income

    total $397,332 · excluded $397,332

  • 6a · Gross rents

    real property $60,291

  • 6b · Less rental expenses

    real property $66,925

  • 6c · Rental income or loss

    real property -$6,634

  • 6d · Net rental income or loss

    total -$6,634 · excluded -$6,634

  • 7a · Gross sales of assets other than inventory

    securities $175,870

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

    securities $22,375

  • 7c · Gain or loss

    securities $153,495

  • 7d · Net gain or loss

    total $153,495 · excluded $153,495

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,356,612 · program services $1,356,612

  • 5 · Compensation of officers, directors and key employees

    total $27,624 · management and general $27,624

  • 7 · Other salaries and wages

    total $30,990 · management and general $30,990

  • 10 · Payroll taxes

    total $4,748 · management and general $4,748

  • 11c · Fees: accounting

    total $25,235 · management and general $25,235

  • 11f · Fees: investment management

    total $30,273 · management and general $30,273

  • 11g · Fees: other

    total $19,250 · program services $19,250

  • 12 · Advertising and promotion

    total $3,175 · management and general $3,175

  • 13 · Office expenses

    total $13,043 · management and general $13,043

  • 14 · Information technology

    total $8,076 · management and general $8,076

  • 16 · Occupancy

    total $2,173 · management and general $2,173

  • 17 · Travel

    total $158 · management and general $158

  • 19 · Conferences, conventions and meetings

    total $4,716 · management and general $4,716

  • 22 · Depreciation, depletion and amortization

    total $8,416 · management and general $8,416

  • 23 · Insurance

    total $8,317 · management and general $8,317

  • 24a · Other expenses: BANK FEES

    total $1,005 · management and general $1,005

  • 24b · Other expenses: SPONSORSHIP

    total $1,000 · program services $1,000

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $871 · management and general $871

  • 24d · Other expenses: EDUCATION

    total $120 · management and general $120

  • 24e · All other expenses

    total $175 · management and general $175

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $223,796 · end of year $226,365

  • 2 · Savings and temporary cash investments

    beginning of year $1,065,483 · end of year $1,071,342

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,566 · end of year $6,308

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

    $870,652

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

    $111,378

  • 10c · Land, buildings and equipment, net

    beginning of year $748,405 · end of year $759,274

  • 12 · Investments: other securities

    beginning of year $13,057,121 · end of year $14,929,897

  • 15 · Other assets

    beginning of year $1,075 · end of year $1,075

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,050 · end of year $14,358

  • 27 · Net assets without donor restrictions

    beginning of year $2,214,243 · end of year $2,219,711

  • 28 · Net assets with donor restrictions

    beginning of year $12,894,153 · end of year $14,760,192

Mission and programs · 2023

Mission

TO ENCOURAGE, SUPPORT, AND INVEST IN QUALITY EFFORTS TO IMPROVE HEALTH IN THE TRIANGLE NORTH REGION.

Activities or mission (Part I)

TO ENCOURAGE, SUPPORT, AND INVEST IN QUALITY EFFORTS THAT MEASURABLY IMPROVE HEALTH.

  • THE TRIANGLE NORTH HEALTHCARE FOUNDATION,INC., A REGIONAL HEALTHCARE GRANTMAKING ORGANIZATION, AIMS TO ENHANCE THE QUALITY OF PEOPLE'S LIVES IN THE TRIANGLE NORTH REGION BY SUPPORTING PROGRAMS AND ACTIVITIES THAT IMPROVE ACCESS TO QUALITY HEALTHCARE. BY SUPPORTING THESE PROGRAMS, THE FOUNDATION RECOGNIZES AND VALUES THE LONG STANDING CIVIC AND COMMUNITY SUPPORT FOR HEALTHCARE DELIVERY IN THE RURAL COMMUNITIES OF VANCE, GRANVILLE, WARREN AND FRANKLIN COUNTIES, AND WILL FURTHER DIRECT EFFORTS THAT RESPOND TO THE SCIENTIFIC AND TECHNICAL ADVANCES OF THE TWENTY-FIRST CENTURY WHILE EMPHASIZING A CARING AND COMPASSIONATE ENVIRONMENT.

    Expenses $1,376,862 · Grants $1,356,612

As filed on the 2023 return.

Listed in Part VII

  • Lynne Griffin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ruth Jones

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Emilee Johnson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • W Rodwell Drake Jr MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dana Greenway

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Terri Hedrick

    BOARD CHAIRPERSON

    Total calculated
    $0
    Hours/week
    4

  • Henry W Hight Jr

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Woody Caudle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Demaura Hawkins Russell MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael H Brafford

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Bonita Hawkins

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Col Archie Taylor

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • George T Blackburn II

    INTERIM EXECUTIVE DIR.

    Total calculated
    $18,624
    From this org
    $18,624
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

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

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • GARNETT STREET STATION LLC

    RENTAL OF OFFICE SPACE TO COMMERCIAL AND NONPROFIT ORGANIZATIONS. · NC

    Directly controlled by TRIANGLE NORTH HEALTHCARE FOUNDATION INC

Provenance

Return type
form_990
Tax year
2023
Filed
23 January 2025
IRS schema version
2023v6.0
Source object
202530239349300133

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