Moses Cone-Wesley Long Community Health Foundation Inc
- Assets
- $128.3m
- Revenue
- $23.3m
- Investments
- $35.8m
- Employees
- 5
- Location
- Greensboro, NC
- Founding
- 04/1997
- Data as of
- 09/2021
- EIN
- 56-2001399
Organization Overview
Moses Cone-Wesley Long Community Health Foundation Inc, operating under the name Cone Health Foundation, is located in Greensboro, NC. The organization was established in 1997. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 09/2021, Cone Health Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cone 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 09/2021, Cone Health Foundation generated $23.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.7% each year . All expenses for the organization totaled $6.1m during the year ending 09/2021. While expenses have increased by 16.9% per year over the past 6 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.
Since 2015, Cone Health Foundation has awarded 236 individual grants totaling $32,277,647. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INVEST IN THE DEVELOPMENT AND SUPPORT OF ACTIVITIES, PROGRAMS AND ORGANIZATIONS THAT MEASURABLY IMPROVE THE HEALTH OF PEOPLE IN THE GREATER GREENSBORO AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONE HEALTH FOUNDATION INVESTS IN THE DEVELOPMENT AND SUPPORT OF ACTIVITIES, PROGRAMS AND ORGANIZATIONS THAT MEASURABLY IMPROVE THE HEALTH OF PEOPLE IN THE GREATER GREENSBORO AREA, PRIMARILY IN THE AREAS OF ACCESS TO CARE, ADOLESCENT PREGNANCY PREVENTION, HIV, SUBSTANCE USE AND MENTAL HEALTH DISORDERS, COMMUNITY COLLABORATIONS AND OTHER INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shumaker Susan President | OfficerTrustee | 40 | $268,024 |
Richburg Antonia VP & Senior Program Officer | Officer | 40 | $126,947 |
Boren Sandra VP & Senior Program Officer | Officer | 40 | $111,801 |
Cross John Chair | OfficerTrustee | 0 | $0 |
Gatling Kim Vice Chair | OfficerTrustee | 0 | $0 |
Lester Wilson Secretary | OfficerTrustee | 0 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $1,436,731 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,909,807 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,346,538 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,266,996 |
| 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. | $385,856 |
| Compensation of current officers, directors, key employees. | $385,856 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $344,522 |
| Pension plan accruals and contributions | $39,147 |
| Other employee benefits | $84,536 |
| Payroll taxes | $46,805 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $111,414 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $745,704 |
| Fees for services: Other | $24,243 |
| Advertising and promotion | $4,695 |
| Office expenses | $5,088 |
| Information technology | $10,511 |
| Royalties | $0 |
| Occupancy | $26 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $528 |
| Interest | $0 |
| Payments to affiliates | $54,547 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,148,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,021,826 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $89 |
| 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 | $22,521,154 |
| Investments—other securities | $35,778,166 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $128,321,235 |
| Accounts payable and accrued expenses | $37,479 |
| Grants payable | $4,096,680 |
| 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 | $142,863 |
| Total liabilities | $4,277,022 |
| Net assets without donor restrictions | $124,044,213 |
| 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 | $128,321,235 |
Grants Awarded
Over the last fiscal year, Moses Cone-Wesley Long Community Health Foundation Inc has awarded $4,369,912 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
Jamestown, NC PURPOSE: Access to Healthcare | $575,875 |
Greensboro, NC PURPOSE: Access to Healthcare | $488,941 |
Greensboro, NC PURPOSE: Mental Health Wellness | $466,712 |
High Point, NC PURPOSE: Access to Healthcare | $299,331 |
Greensboro, NC PURPOSE: HIV | $216,000 |
GUILFORD COUNTY DEPARTMENT OF PUBLIC HEALTH PURPOSE: Adolescent Pregnancy Prevention | $211,890 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Moses Cone-Wesley Long Community Health Foundation Inc has recieved totaling $4,000.
| Awarding Organization | Amount |
|---|---|
Te Connectivity Foundation Berwyn, PA PURPOSE: FOR ASSISTANCE WITH CANCER RESEARCH | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Healthcare System Inc Warner Robins, GA | $2,831,389 | $10,479,781 |
Baptist Memorial Health Care Foundation Memphis, TN | $704,887,527 | $54,101,503 |
West Georgia Health Foundation Inc Marietta, GA | $8,141,093 | $4,609,093 |
Sheltering Arms Foundation Mechanicsville, VA | $205,278,403 | $11,542,533 |
Le Bonheur Childrens Hospital Foundation Memphis, TN | $96,675,707 | $25,710,554 |
Trustees Of Medical Services Of Am Inc Empl Health Ben Plan 6 Tr Lexington, SC | $5,490 | $14,210,986 |
Rowan Regional Medical Center Foundation Inc Winston Salem, NC | $63,491,170 | $11,479,503 |
Bath Community Hospital Foundation Hot Springs, VA | $25,068,775 | $7,394,465 |
Potomac Health Foundation Woodbridge, VA | $124,789,436 | $8,932,196 |
Plumbers And Pipefitters L U 572 Health And Welfare Fund Goodlettsville, TN | $19,730,789 | $13,559,404 |
Fauquier Hospital Endowment Fund Under Trust Agreement With Dated 1 Charlottesville, VA | $0 | $393,399 |
Medical Society Of S C Charleston, SC | $641,115,218 | $16,899,363 |