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← HEALTHCARE FOUNDATION OF WILSON

Form 990 for tax year 2024

Filed by HEALTHCARE FOUNDATION OF WILSON.

Totals

Total revenue
$18,835,826
Total expenses
$2,487,223
Contributions and grants received
$1,500
Grants paid
$970,738
Program service revenue
$3,426,169
Investment income
$15,408,157
Other revenue
$0
Total assets, end of year
$203,675,231
Total liabilities, end of year
$594,058
Net assets or fund balances, end of year
$203,081,173
Program services expenses (Part IX)
$1,668,003
Management and general expenses
$819,220
Fundraising expenses
$0
Program service expenses (Part III)
$1,668,003

Program services were 67.1% 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.

  • 1f · All other contributions, gifts and grants

    $1,500

  • 2a · Program service revenue: PATIENT SERVICE REVENUE

    total $3,426,169 · related or exempt $3,426,169

  • 3 · Investment income

    total $4,535,002 · excluded $4,535,002

  • 7a · Gross sales of assets other than inventory

    securities $10,873,155

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

    securities $0

  • 7c · Gain or loss

    securities $10,873,155

  • 7d · Net gain or loss

    total $10,873,155 · excluded $10,873,155

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $970,738 · program services $970,738

  • 5 · Compensation of officers, directors and key employees

    total $334,734 · program services $198,786 · management and general $135,948

  • 7 · Other salaries and wages

    total $155,623 · program services $92,418 · management and general $63,205

  • 8 · Pension plan contributions

    total $19,579 · program services $11,627 · management and general $7,952

  • 9 · Other employee benefits

    total $37,005 · program services $21,976 · management and general $15,029

  • 10 · Payroll taxes

    total $37,387 · program services $22,203 · management and general $15,184

  • 11b · Fees: legal

    total $254,809 · program services $152,885 · management and general $101,924

  • 11c · Fees: accounting

    total $13,385 · program services $6,692 · management and general $6,693

  • 11d · Fees: lobbying

    total $17,036 · management and general $17,036

  • 11f · Fees: investment management

    total $322,191 · management and general $322,191

  • 11g · Fees: other

    total $100,959 · program services $63,536 · management and general $37,423

  • 12 · Advertising and promotion

    total $7,241 · program services $5,069 · management and general $2,172

  • 13 · Office expenses

    total $2,395 · program services $1,241 · management and general $1,154

  • 16 · Occupancy

    total $95,586 · program services $56,787 · management and general $38,799

  • 17 · Travel

    total $19,379 · program services $17,363 · management and general $2,016

  • 22 · Depreciation, depletion and amortization

    total $12,969 · program services $11,672 · management and general $1,297

  • 23 · Insurance

    total $34,020 · management and general $34,020

  • 24a · Other expenses: SUPPLIES

    total $28,345 · program services $16,949 · management and general $11,396

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $12,871 · program services $9,653 · management and general $3,218

  • 24c · Other expenses: BOARD EXPENSES

    total $5,597 · program services $5,217 · management and general $380

  • 24d · Other expenses: FURNITURE AND EQUIPMENT

    total $5,374 · program services $3,191 · management and general $2,183

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $670,281 · end of year $1,916,711

  • 7 · Other notes and loans receivable

    beginning of year $261,235 · end of year $268,315

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,167 · end of year $22,239

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

    $115,024

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

    $62,961

  • 10c · Land, buildings and equipment, net

    beginning of year $59,510 · end of year $52,063

  • 12 · Investments: other securities

    beginning of year $158,864,742 · end of year $171,550,218

  • 13 · Investments: program-related

    beginning of year $23,216,057 · end of year $28,237,366

  • 15 · Other assets

    beginning of year $1,790,579 · end of year $1,628,319

  • 17 · Accounts payable and accrued expenses

    beginning of year $264,210 · end of year $54,739

  • 18 · Grants payable

    beginning of year $1,483,575 · end of year $375,258

  • 25 · Other liabilities

    beginning of year $271,407 · end of year $164,061

  • 27 · Net assets without donor restrictions

    beginning of year $182,797,517 · end of year $203,026,580

  • 28 · Net assets with donor restrictions

    beginning of year $59,862 · end of year $54,593

Mission and programs · 2024

Mission

HEALTHCARE FOUNDATION OF WILSON (THE FOUNDATION) INVESTS IN COLLABORATIVE EFFORTS THAT IMPACT AND MEASURABLY IMPROVE THE HEALTH AND WELL-BEING OF WILSON COUNTY RESIDENTS.

Activities or mission (Part I)

TO SUPPORT THE HEALTHCARE NEEDS OF THE PEOPLE OF WILSON COUNTY AND NEIGHBORING COMMUNITIES.

  • THE FOUNDATION SERVES AS A HEALTH LEGACY CHARITABLE FOUNDATION TO SUPPORT THE HEALTHCARE NEEDS OF ITS COMMUNITY AND MAINTAINS ASSETS ASSOCIATED WITH THE WILSON MEDICAL CENTER, INC. FACILITY. THE FOUNDATION PROVIDES GRANT-MAKING WITH THE OBJECTIVE OF IMPROVING HEALTHAND WELLNESS WITH THE FOLLOWING FOUR FOCUS AREAS:- ADOLESCENT PREGNANCY- ALCOHOL & SUBSTANCE ABUSE- OBESITY- SEXUALLY TRANSMITTED DISEASE PREVENTIONADDITIONALLY, AS DESCRIBED IN DETAIL IN SCHEDULE A, PART VI, THE FOUNDATION RETAINS AN OWNERSHIP INTEREST AND EFFECTIVE CONTROL OF DLP WILSON HOLDING COMPANY, LLC, WHICH OPERATES THE HOSPITAL AND NURSING HOME PREVIOUSLY OWNED AND OPERATED BY THE FOUNDATION. THROUGH ITS OWNERSHIP OF DLP WILSON HOLDING COMPANY, LLC, THE FOUNDATION CONTINUES TO SUPPORT PROGRAMS THAT FOSTER THE DELIVERY, QUALITY, OR AFFORDABILITY OF HEALTHCARE OR HEALTHCARE-RELATED SERVICES AND TO SUPPORT ANY ACTIVITY DESIGNED AND CARRIED ON TO SERVE THE GENERAL HEALTH AND WELL-BEING OF THE COMMUNITY; TO AID IN THE INSTRUCTION AND PROMOTION OF RESEARCH AND SCIENTIFIC INVESTIGATION IN ALL BRANCHES OF MEDICINE AND SURGERY; AND TO SUPPORT ANY EDUCATIONAL ACTIVITIES RELATED TO THE CARE OF THE SICK AND DISABLED, THE PROMOTION OF HEALTH AND PREVENTATIVE MEDICINE, AND THE GENERAL HEALTH AND WELL-BEING OF THE COMMUNITY.

    Expenses $1,668,003 · Grants $970,738 · Revenue $3,426,169

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CHRIS HILL

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • KURT SCHMIDT

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ROSARIO OCHOA

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • TOM HOOPER MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BLAKE GODWIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KEN JONES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ARTHUR HANSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TERESA ELLEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DENISE STINAGLE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JESS MCKEE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PAUL PEREZ-NAVARRO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHARLOTTE VICK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DENISE O'HARA

    RETIRING EXECUTIVE DIRECTOR

    Total calculated
    $128,253
    From this org
    $123,290
    From related orgs
    $0
    Other
    $4,963
    Hours/week
    40

  • PAULA BENSON

    EXECUTIVE DIRECTOR

    Total calculated
    $234,847
    From this org
    $220,735
    From related orgs
    $0
    Other
    $14,112
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,735
    Bonus
    $0
    Other
    $0
    Deferred
    $8,088
    Nontaxable benefits
    $6,024
    Filer's total
    $234,847

  • KRYSTAL COX

    PROGRAMS SPECIALIST

    Total calculated
    $110,395
    From this org
    $106,204
    From related orgs
    $0
    Other
    $4,191
    Hours/week
    40

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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 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:
PAULA BENSON, EXECUTIVE DIRECTOR, PARTICIPATES IN A 457(B) PLAN. THE EMPLOYER CONTRIBUTIONS ARE REPORTED IN PART II, COLUMN (C)..

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.

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.

  • DLP WILSON HOLDING COMPANY LLC

    RELATED · PROVIDING HEALTH CARE AND OTHER HEALTH RELATED · NC · 20% owned · share of income $3,420,369 · share of assets $36,648,112

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202533249349300518

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