The Moses H Cone Memorial Hospital Operating Corporation

Organization Overview

The Moses H Cone Memorial Hospital Operating Corporation, operating under the name Cone Health, is located in Greensboro, NC. The organization was established in 1984. 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 09/2021, Cone Health employed 11,277 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cone Health 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 09/2020, Cone Health generated $1.5b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $1.3b during the year ending 09/2020. While expenses have increased by 3.7% 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 has awarded 270 individual grants totaling $7,617,262. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

WE SERVE OUR COMMUNITIES BY PREVENTING ILLNESS, RESTORING HEALTH AND PROVIDING COMFORT, THROUGH EXCEPTIONAL PEOPLE DELIVERING EXCEPTIONAL CARE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVISION OF HEALTHCARE SERVICES: DURING THE FISCAL YEAR, MOSES H. CONE MEMORIAL OPERATING SYSTEM HAD A TOTAL OF 45,124 PATIENT DISCHARGES, 237,684 DAYS OF CARE, 824,404 TOTAL OUTPATIENT AND TELEHEALTH VISITS AND AN AVERAGE DAILY CENSUS OF 651.2.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Mckesson Plasma And Biologics Llc
Medical Services
$71,803,038
Laboratory Corp Of America
Medical Services
$6,645,546
Kansas City Series Of Lockton
Risk Management
$5,272,814
Emergency And Acute Care
Hospital Staffing
$4,488,375
Microsoft Licensing Gp
It Services
$5,677,761
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$56,046,045
Investment income $1,279,024
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $1,242,017
Net Gain/Loss on Asset Sales $29,455,520
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,501,803,098

Grants Awarded

Over the last fiscal year, The Moses H Cone Memorial Hospital Operating Corporation has awarded $901,097 in support to 24 organizations.

Grant RecipientAmount

PIEDMONT TRIAD CHARITABLE FOUNDATION

Org PageRecipient Profile

Greensboro, NC

PURPOSE: WYNDHAM SPONSORSHIP

$200,000

GREENSBORO CHAMBER OF COMMERCE

Org PageRecipient Profile

Greensboro, NC

PURPOSE: SUPPORT OF THE COMMUNITY

$154,412

K&W CAFETERIAS INC

PURPOSE: SUPPORT OF THE COMMUNITY

$52,908

PIEDMONT TRIAD PARTNERSHIP

Org PageRecipient Profile

High Point, NC

PURPOSE: INVESTMENT FOR ECONOMIC DEVELOPMENT

$50,000

ROCKINGHAM CO STUDENT HLTH CTR

PURPOSE: PROMOTION OF HEALTHY LIFESTYLES

$50,000

GREENSBORO CHILDRENS MUSEUM

Org PageRecipient Profile

Greensboro, NC

PURPOSE: PROMOTION OF HEALTHY LIFESTYLES

$50,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 20 grants that The Moses H Cone Memorial Hospital Operating Corporation has recieved totaling $1,443,486.

Awarding OrganizationAmount
Duke Endowment

Charlotte, NC

PURPOSE: TO EXPAND A COMMUNITY NETWORK OF CARE FOR THE LOW-INCOME, UNINSURED IN GUILFORD COUNTY.

$450,000
Duke Endowment

Charlotte, NC

PURPOSE: TO EXPAND A COMMUNITY NETWORK OF CARE FOR THE LOW-INCOME, UNINSURED IN ROCKINGHAM COUNTY.

$212,000
Duke Endowment

Charlotte, NC

PURPOSE: TO EXPAND A COMMUNITY NETWORK OF CARE FOR THE LOW-INCOME, UNINSURED IN ROCKINGHAM COUNTY.

$212,000
Duke Endowment

Charlotte, NC

PURPOSE: TO ESTABLISH A SCHOOL-BASED TELEHEALTH LEARNING COLLABORATIVE.

$120,000
Second Harvest Food Bank Of Northwest North Carolina Inc

Winston Salem, NC

PURPOSE: FEEDING THE POOR AND

$110,506
Community Foundation Of Greater Greensboro Inc

Greensboro, NC

PURPOSE: GENERAL SUPPORT

$91,035
View Grant Recipient Profile

Peer Organizations

Organization NameAssets
First Health Of The Carolinas Inc
Pinehurst, NC
$986,400,718
Mary Washington Healthcare
Fredericksburg, VA
$863,388,863
Mountain States Health Alliance
Johnson City, TN
$805,201,599
Baptist Memorial Hospital
Memphis, TN
$770,663,628
Medical Center Of Central Georgia Inc
Macon, GA
$800,413,800
Mcleod Regional Medical Center Of The Pee Dee Inc
Florence, SC
$796,571,278
St Francis Hospital Inc
Greenville, SC
$752,202,599
Phoebe Putney Memorial Hospital Inc
Albany, GA
$712,342,689
Cobb Hospital
Marietta, GA
$857,038,951
Anmed Health
Anderson, SC
$728,404,682
Gaston Memorial Hospital Inc
Gastonia, NC
$665,062,443
University Health Services Inc
Augusta, GA
$598,292,806

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