Lower Cape Fear Hospice Foundation Inc
- Assets
- $19.3m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, NC
- Founding
- 08/1985
- Data as of
- 09/2022
- EIN
- 56-1391849
Organization Overview
Lower Cape Fear Hospice Foundation Inc is located in Wilmington, NC. The organization was established in 1985. According to its NTEE Classification (P74) the organization is classified as: Hospices, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lower Cape Fear Hospice Foundation 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, Lower Cape Fear Hospice Foundation Inc generated $7.9m in total revenue. All expenses for the organization totaled $602.7k during the year ending 09/2022. While expenses have increased by 41.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT FOR LOWER CAPE FEAR HOSPICE, INC. A 501(C)3 CHARITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SEEK CONTRIBUTIONS AND THEREAFTER INVEST AND ADMINISTER FUNDS FOR THE PERPETUATION OF LOWER CAPE FEAR HOSPICE, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Resh Chair | OfficerTrustee | 1 | $0 |
Glen Donavan Vice Chair | OfficerTrustee | 1 | $0 |
Elaine Leggett Treasurer | OfficerTrustee | 1 | $0 |
Sandra O'donnell Secretary | OfficerTrustee | 1 | $0 |
Gwendolyn Whitley President & CEO | Officer | 3 | $0 |
Jewel Mandeville Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,849,627 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,169,443 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,019,070 |
| Total Program Service Revenue | $0 |
| Investment income | -$413,674 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $248,532 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,853,928 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $327,680 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $70,222 |
| Payroll taxes | $0 |
| 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 | $0 |
| Fees for services: Other | $26,074 |
| Advertising and promotion | $14,768 |
| Office expenses | $20,990 |
| Information technology | $38,418 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $602,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,055,096 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,836,880 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,436,186 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,328,162 |
| Accounts payable and accrued expenses | $60,000 |
| 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 | $60,000 |
| Net assets without donor restrictions | $17,473,281 |
| Net assets with donor restrictions | $1,794,881 |
| 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 | $19,328,162 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Lower Cape Fear Hospice Foundation Inc has recieved totaling $17,415.
| Awarding Organization | Amount |
|---|---|
The Lagomarsino Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $6,000 |
Alzheimers Foundation Of America Inc New York, NY PURPOSE: 2021 SPRING BI-ANNUAL GRANT | $6,000 |
Cynthia & Geo Mitchell Foundation The Woodlands, TX PURPOSE: IN MEMORY OF DOREEN SARVER | $2,500 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $1,800 |
Triplett Fam Foundation Tr Parrish, FL PURPOSE: CHARITABLE | $500 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $400 |
Endowment Analysis
| Beg. Balance | $10,665,724 |
| Earnings | -$2,020,798 |
| Admin Expense | $21,849 |
| Net Contributions | $8,306,102 |
| Other Expense | $641,239 |
| Ending Balance | $19,268,162 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hospice & Palliative Care Charlotte Region Charlotte, NC | $75,544,529 | $73,699,631 |
Hospice Of Wake County Inc Raleigh, NC | $24,964,055 | $50,848,556 |
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 |