Highlands Cashiers Health Foundation
- Assets
- $25.4m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 3
- Location
- Highlands, NC
- Founding
- 07/2008
- Data as of
- 12/2022
- EIN
- 56-1165833
Organization Overview
Highlands Cashiers Health Foundation is located in Highlands, NC. The organization was established in 2008. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, Highlands Cashiers Health Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Highlands Cashiers Health Foundation 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 12/2022, Highlands Cashiers Health Foundation generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (12.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Highlands Cashiers Health Foundation has awarded 51 individual grants totaling $3,618,999. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE HIGHLANDS CASHIERS HEALTH FOUNDATION EXISTS TO IMPROVE THE HEALTH AND WELLBEING OF ALL PEOPLES IN WESTERN NORTH CAROLINA
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH PARTNERSHIPS WITH ORGANIZATIONS, KEY STAKEHOLDERS AND CARING DONORS, THE FOUNDATION MADE POSITIVE AND LASTING INVESTMENTS IN THE PERIOD ENDED DECEMBER 2022 TOTALING MORE THAN $1 MILLION IN PROJECTS AND PROGRAMS THAT ADVANCE INNOVATIVE SOLUTIONS AND IMPROVEMENTS IN PEOPLES' HEALTH AND WELLBEING. PLEASE VISIT WWW.HCHEALTHFND.ORG FOR MORE INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walter Clark Retired Chair | OfficerTrustee | 1 | $0 |
Barbara Corcoran Chair | OfficerTrustee | 1 | $0 |
Jerry Moore Treasurer/director | OfficerTrustee | 1 | $0 |
Barrett Hawks Secretary/director | OfficerTrustee | 1 | $0 |
Chris Byrd Director | Trustee | 1 | $0 |
Stephanie Edwards Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $312,784 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,365,017 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,677,801 |
| Total Program Service Revenue | $0 |
| Investment income | $355,837 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$236,174 |
| Net Income from Fundraising Events | -$80,287 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,718,857 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,292,021 |
| 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. | $151,293 |
| Compensation of current officers, directors, key employees. | $56,735 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $104,187 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $51,381 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,024 |
| Fees for services: Accounting | $45,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $44,736 |
| Fees for services: Other | $3,322 |
| Advertising and promotion | $27,312 |
| Office expenses | $1,279 |
| Information technology | $48,220 |
| Royalties | $0 |
| Occupancy | $21,339 |
| Travel | $326 |
| 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 | $0 |
| Insurance | $5,981 |
| All other expenses | $0 |
| Total functional expenses | $1,919,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $414,987 |
| Pledges and grants receivable | $65,432 |
| 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 | $1,285 |
| Net Land, buildings, and equipment | $1,650,000 |
| Investments—publicly traded securities | $22,537,819 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $734,013 |
| Total assets | $25,403,536 |
| Accounts payable and accrued expenses | $131,534 |
| 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 | $0 |
| Total liabilities | $131,534 |
| Net assets without donor restrictions | $20,145,197 |
| Net assets with donor restrictions | $5,126,805 |
| 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 | $25,403,536 |
Grants Awarded
Over the last fiscal year, Highlands Cashiers Health Foundation has awarded $1,317,355 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
BLUE RIDGE COMMUNITY HEALTH SERVICES INC PURPOSE: PROGRAM/OPERATIONAL SUPPORT | $700,009 |
MACON COUNTY HOUSING DEPARTMENT PURPOSE: PROGRAM/OPERATIONAL SUPPORT | $30,000 |
HINTON RURAL LIFE CENTER PURPOSE: PROGRAM/OPERATIONAL SUPPORT | $28,750 |
MOUNTAIN PROJECTS INC PURPOSE: PROGRAM/OPERATIONAL SUPPORT | $30,000 |
RESTORATION HOUSE WNC PURPOSE: PROGRAM/OPERATIONAL SUPPORT | $30,000 |
INTERNATIONAL FRIENDSHIP CENTER PURPOSE: PROGRAM/OPERATIONAL SUPPORT | $36,875 |