Hospice Of Iredell County Inc
- Assets
- $28.1m
- Revenue
- $19.1m
- Investments
- $0.0
- Employees
- 194
- Location
- Statesville, NC
- Founding
- 02/1984
- Data as of
- 09/2022
- EIN
- 56-1376577
Organization Overview
Hospice Of Iredell County Inc is located in Statesville, NC. The organization was established in 1984. According to its NTEE Classification (P74) the organization is classified as: Hospices, under the broad grouping of Human Services and related organizations. As of 09/2022, Hospice Of Iredell County Inc employed 194 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hospice Of Iredell County 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 09/2022, Hospice Of Iredell County Inc generated $19.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $17.8m during the year ending 09/2022. While expenses have increased by 8.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO HONOR LIFE BY PROVIDING EXTRAORDINARY CARE WITH COMPASSION, COMFORT AND DIGNITY TO OUR PATIENTS, FAMILIES AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FY 2021-2022, HOSPICE OF IREDELL COUNTY SERVED 1,196 HOSPICE PATIENTS AND 975 PALLIATIVE CARE PATIENTS. ONCE DIAGNOSED AND ADMITTED TO HOSPICE CARE, A PATIENT IS SEEN REGULARLY BY HOSPICE-TRAINED NURSES, NURSE AIDS, SOCIAL WORKERS AND VOLUNTEERS. BEREAVEMENT AND CHAPLAIN SERVICES ARE ALSO AVAILABLE TO PATIENTS AND THEIR FAMILIES AND CAREGIVERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Carnes Physician | 40 | $280,633 | |
Charles Ashe Chief Operations Officer | Officer | 40 | $149,412 |
Teresa Phillips Past President | Officer | 40 | $147,632 |
Dana Bell Chief Clinical Officer | Officer | 40 | $138,073 |
Michael Smith President/ceo | 40 | $132,665 | |
Sarah Kivett Director Of Palliative Care | 40 | $118,877 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $21,463 |
| Membership dues | $0 |
| Fundraising events | $166,491 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $972,965 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,160,919 |
| Total Program Service Revenue | $17,653,531 |
| Investment income | $271,869 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,337 |
| Net Income from Fundraising Events | -$10,493 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,069,489 |
| 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. | $435,117 |
| Compensation of current officers, directors, key employees. | $435,117 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,381,917 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,386,184 |
| Payroll taxes | $0 |
| Fees for services: Management | $66,959 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,085 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $54,461 |
| Fees for services: Other | $12,837 |
| Advertising and promotion | $0 |
| Office expenses | $103,359 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $61,893 |
| Travel | $338,064 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $149,386 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $492,996 |
| Insurance | $144,260 |
| All other expenses | $1,333,620 |
| Total functional expenses | $17,771,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,146,304 |
| Savings and temporary cash investments | $9,425,286 |
| Pledges and grants receivable | $51,352 |
| Accounts receivable, net | $1,440,985 |
| 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 | $292,215 |
| Net Land, buildings, and equipment | $11,148,701 |
| Investments—publicly traded securities | $1,562,151 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $82,272 |
| Total assets | $28,149,266 |
| Accounts payable and accrued expenses | $1,971,034 |
| 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 | $53,514 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,024,548 |
| Net assets without donor restrictions | $26,124,718 |
| Net assets with donor restrictions | $0 |
| 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 | $28,149,266 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Hospice Of Iredell County Inc has recieved totaling $191,129.
| Awarding Organization | Amount |
|---|---|
Philip L Van Every Foundation Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $100,000 |
United Way Of Iredell County Inc Statesville, NC PURPOSE: GENERAL SUPPORT | $38,000 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $29,740 |
American Endowment Foundation Hudson, OH PURPOSE: HUMAN SERVICE | $19,300 |
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: 2021 PROGRAM SUPPORT | $2,500 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $1,220 |
Endowment Analysis
| Beg. Balance | $1,895,346 |
| Earnings | -$261,177 |
| Admin Expense | $13,244 |
| Net Contributions | $84,409 |
| Ending Balance | $1,705,334 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lower Cape Fear Hospice Incorporated Wilmington, NC | $62,498,497 | $44,335,194 |
Hospice Of Chattanooga Inc Chattanooga, TN | $104,628,496 | $120,194,973 |
Authoracare Collective Greensboro, NC | $46,483,972 | $40,660,435 |
Alive Hospice Inc Nashville, TN | $38,867,559 | $36,593,502 |
Hospice Of Surry County Inc Mount Airy, NC | $15,624,175 | $33,390,602 |
Hospice Of Henderson County Inc Flat Rock, NC | $24,806,944 | $36,122,942 |
Hospice & Palliative Carecenter Winstonsalem, NC | $42,862,750 | $34,199,553 |
Carolina Caring Inc Newton, NC | $24,245,296 | $31,467,829 |
Hospice Of The Piedmont Inc High Point, NC | $40,332,450 | $25,303,748 |
Hospice Of The Piedmont Inc Charlottesville, VA | $26,519,312 | $25,324,976 |
Blue Ridge Hospice Inc Winchester, VA | $12,389,536 | $22,906,674 |
Caldwell Hospice And Palliative Care Inc Lenoir, NC | $31,058,260 | $23,585,817 |