Lincoln Health Care Foundation
- Assets
- $1.4m
- Revenue
- $106.1k
- Investments
- $1.3m
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 10/1977
- Data as of
- 12/2022
- EIN
- 38-1359220
Organization Overview
Lincoln Health Care Foundation is located in Charlotte, NC. The organization was established in 1977. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2022, Lincoln Health Care Foundation generated $106.1k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $104.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Lincoln Health Care Foundation has awarded 20 individual grants totaling $155,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA - DOES NOT CONDUCT ANY DIRECT CHARITABLE ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen B Landers III MD President | 5 | $0 | |
Wendy D Marbury Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,017 |
| Dividends & Interest | $30,283 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $73,838 |
| Capital Gain Net Income | $73,838 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $106,138 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,151 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,724 |
| Total operating and administrative expenses | $24,875 |
| Contributions, gifts, grants paid | $80,000 |
| Total expenses and disbursements | $104,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,377 |
| Savings and temporary cash investments | $84,090 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,370,688 |
| Accounts payable and accrued expenses | $4,639 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,639 |
Grants Awarded
Over the last fiscal year, Lincoln Health Care Foundation has awarded $80,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CHILD CARE RESOURCES PURPOSE: CHILD CARE PROGRAMS | $8,000 |
CRISIS ASSISTANCE MINISTRY PURPOSE: EMERGENCY FINANCIAL ASSISTANCE PROGRAM | $10,000 |
TEEN HEALTH CONNECTION PURPOSE: PATIENT ASSISTANCE FUND | $10,000 |
NC MEDASSIST PURPOSE: MEDICATION AND HEALTHCARE ASSISTANCE | $7,000 |
SECOND HARVEST FOOD BANK PURPOSE: COMMUNITY FOOD BANK ASSISTANCE | $12,000 |
ROOF ABOVE PURPOSE: HOMELESS PROGRAMS | $10,000 |