Carolina Foothills Foundation
- Assets
- $46.6m
- Revenue
- $13.9m
- Investments
- $0.0
- Employees
- 112
- Location
- Forest City, NC
- Founding
- 01/1983
- Data as of
- 12/2021
- EIN
- 56-1337169
Organization Overview
Carolina Foothills Foundation is located in Forest City, NC. The organization was established in 1983. According to its NTEE Classification (P74) the organization is classified as: Hospices, under the broad grouping of Human Services and related organizations. As of 12/2023, Carolina Foothills Foundation employed 112 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carolina Foothills 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 12/2021, Carolina Foothills Foundation generated $13.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $10.7m during the year ending 12/2021. While expenses have increased by 6.1% per year over the past 5 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES MEDICAL AND EMOTIONAL SERVICES TO TERMINALLY ILL PATIENTS IN RUTHERFORD COUNTY, NORTH CAROLINA. STARTING IN JUNE, 2022 THE ORGANIZATION FOCUSED ON BEING A 501(C)3 CHARITABLE ORGANIZATION THAT PROVIDES DIRECT SUPPORT AND EMPOWER CAREFULLY SELECTED NON-PROFITS TO IMPACT INDIVIDUAL AND COMMUNITY WELLNESS IN THE AREAS WE SERVE, WHICH ARE ELDERCARE, YOUTH DEVELOPMENT AND WELLNESS.
Describe the Organization's Program Activity:
PROVIDE MEDICAL AND EMOTIONAL SERVICES TO TERMINALLY ILL PATIENTS IN RUTHERFORD COUNTY, NORTH CAROLINA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Edgerton Secretary | OfficerTrustee | 1 | $0 |
Jackie Hampton Treasurer | OfficerTrustee | 1 | $0 |
Norman Guthrie Director | Trustee | 1 | $0 |
John Crotts Vice-President | OfficerTrustee | 1 | $0 |
Patricia Keeter President | OfficerTrustee | 1 | $0 |
Mark Oxtoby Branch Manager | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Accordius Health Rutherford Health Services | 12/30/22 | $264,651 |
K & L Gates Llp Attorney Fees | 12/30/22 | $150,591 |
Willow Ridge Healthcare Llc Health Services | 12/30/22 | $146,550 |
Mountain Ridge Health & Rehab Health Services | 12/30/22 | $108,498 |
Fusion Managed It It Services | 12/30/22 | $103,708 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $320,606 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $320,606 |
| Total Program Service Revenue | $10,373,135 |
| Investment income | $424,975 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $968,666 |
| Net Income from Fundraising Events | $36,920 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,863,011 |
| 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. | $278,721 |
| Compensation of current officers, directors, key employees. | $85,532 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,883,610 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $120,218 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $64,590 |
| Fees for services: Other | $162,304 |
| Advertising and promotion | $75,944 |
| Office expenses | $42,530 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $435,983 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,185 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $462,821 |
| Insurance | $116,344 |
| All other expenses | $104,715 |
| Total functional expenses | $10,744,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $25,561,456 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,565,870 |
| 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 | $161,600 |
| Net Land, buildings, and equipment | $6,593,343 |
| Investments—publicly traded securities | $5,230,568 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,457,156 |
| Total assets | $46,569,993 |
| Accounts payable and accrued expenses | $419,266 |
| Grants payable | $0 |
| Deferred revenue | $4,300 |
| 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 | $427,829 |
| Total liabilities | $851,395 |
| Net assets without donor restrictions | $45,454,877 |
| Net assets with donor restrictions | $263,721 |
| 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 | $46,569,993 |