Ronald Mcdonald House Of Charlotte Inc

Organization Overview

Ronald Mcdonald House Of Charlotte Inc is located in Charlotte, NC. The organization was established in 2006. According to its NTEE Classification (P61) the organization is classified as: Travelers Aid, under the broad grouping of Human Services and related organizations. As of 12/2021, Ronald Mcdonald House Of Charlotte Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ronald Mcdonald House Of Charlotte Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Ronald Mcdonald House Of Charlotte Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 4.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE RONALD MCDONALD HOUSE OF CHARLOTTE, INC. WAS ORGANIZED FOR THE PURPOSE OF PROVIDING A HOME FOR SERIOUSLY ILL CHILDREN AND THEIR FAMILIES WHILE THE CHILDREN ARE RECEIVING TREATMENT AT NEARBY MEDICAL FACILITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PRESENCE OF FAMILY IS AN ESSENTIAL PART OF THE HEALING PROCESS FOR CHILDREN BATTLING ILLNESS OR RECOVERING FROM INJURY. WHEN FAMILIES ARE REQUIRED TO TRAVEL AWAY FROM HOME TO SEEK THE BEST TREATMENT POSSIBLE FOR THEIR CHILD, THEY OFTEN FACE CHALLENGES WITH FINDING AFFORDABLE ACCOMMODATIONS. MANY HAVE TO MAKE THE DIFFICULT CHOICE BETWEEN SLEEPING IN WAITING ROOMS OR CARS, PAYING COSTLY HOTEL FEES OR COMMUTING HOURS BACK AND FORTH TO THE HOSPITAL DAILY. THE PHYSICAL, EMOTIONAL AND FINANCIAL TOLL OF THESE LIMITED OPTIONS ADD TO THE PRESSURES FAMILIES EXPERIENCE WHEN HAVING A SICK CHILD AND MAKE IT CHALLENGING FOR THEM TO RECEIVE THE REST AND SUPPORT NECESSARY TO BE STRONG AND SUPPORTIVE FOR THEIR CHILD. RONALD MCDONALD HOUSE OFFERS AN ALTERNATIVE SOLUTION THAT ALLOWS FAMILIES TO STAY IN THE CITY AND AVOID THE EMOTIONAL AND FINANCIAL STRESS OF BEING AWAY FROM HOME.THE MISSION OF THE RONALD MCDONALD HOUSE OF CHARLOTTE IS TO PROVIDE A SAFE, AFFORDABLE AND CARING "HOME-AWAY-FROM-HOME" FOR THE FAMILIES OF CHILDREN RECEIVING TREATMENT IN CHARLOTTE-AREA MEDICAL FACILITIES. THE HOUSE IS CONVENIENTLY LOCATED JUST MINUTES FROM BOTH HEMBY AND LEVINE CHILDREN'S HOSPITALS WHICH INCREASES A FAMILY'S ABILITY TO SPEND MORE TIME WITH THEIR CHILD, INTERACT WITH THEIR CLINICAL CARE TEAM AND PARTICIPATE IN CRITICAL MEDICAL DECISIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Denise Cubbedge
CEO
$121,999
Thomas L Ogburn III
Chairman
$0
Hunter Cook
Treasurer
$0
Alisa Dent
Vice President
$0
Ann Fox Baum
Director
$0
Kathy Mcdonough
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$105,830
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,329,668
Noncash contributions included in lines 1a–1f $10,162
Total Revenue from Contributions, Gifts, Grants & Similar$2,435,498
Total Program Service Revenue$0
Investment income $55,374
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $81,406
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,572,278

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Ronald Mcdonald House Of Charlotte Inc has recieved totaling $5,000.

Awarding OrganizationAmount
Berkshire Charitable Foundation

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,305,821
Earnings$215,291
Admin Expense$14,308
Ending Balance$1,506,804

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