Ronald Mcdonald House Of Charlotte Inc
- Assets
- $13.4m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 35
- Location
- Charlotte, NC
- Founding
- 07/2006
- Data as of
- 12/2021
- EIN
- 20-4671570
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.
Form
990
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) | Role | Hours | Compensation |
|---|---|---|---|
Denise Cubbedge CEO | Officer | 40 | $121,999 |
Hunter Cook Treasurer | OfficerTrustee | 2 | $0 |
Thomas L Ogburn III Chairman | OfficerTrustee | 2 | $0 |
Alisa Dent Vice President | OfficerTrustee | 2 | $0 |
Kathy Mcdonough Director | Trustee | 2 | $0 |
Paula Clayton Past President | Trustee | 2 | $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 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $134,601 |
| Compensation of current officers, directors, key employees. | $24,107 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $818,843 |
| Pension plan accruals and contributions | $24,652 |
| Other employee benefits | $115,393 |
| Payroll taxes | $71,272 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,308 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $122,947 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,929 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $194,754 |
| Insurance | $25,572 |
| All other expenses | $14,220 |
| Total functional expenses | $1,995,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $813,744 |
| Savings and temporary cash investments | $3,564,790 |
| Pledges and grants receivable | $1,520,224 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $127,675 |
| Net Land, buildings, and equipment | $5,820,938 |
| Investments—publicly traded securities | $1,508,491 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,355,862 |
| Accounts payable and accrued expenses | $205,674 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,562 |
| Total liabilities | $212,236 |
| Net assets without donor restrictions | $10,284,876 |
| Net assets with donor restrictions | $2,858,750 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,355,862 |
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 Organization | Amount |
|---|---|
Berkshire Charitable Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Endowment Analysis
| Beg. Balance | $1,305,821 |
| Earnings | $215,291 |
| Admin Expense | $14,308 |
| Ending Balance | $1,506,804 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Travelers Aid Of Metropolitan Atlanta Inc Atlanta, GA | $3,779,890 | $11,963,095 |
Community Link Programs Of Traveler Aid Society Of Central Carolinas I Charlotte, NC | $2,277,369 | $5,931,366 |
Ronald Mcdonald House Of Charlotte Inc Charlotte, NC | $13,355,862 | $2,572,278 |
Blue Trunk Foundation Inc Charlottesville, VA | $277,298 | $35,395 |
Floyd Friends Of Asylum Seekers Floyd, VA | $9,616 | $58,185 |