Blue Ridge Healthcare Foundation Inc
- Assets
- $4.5m
- Revenue
- $732.6k
- Investments
- $201.5k
- Employees
- 0
- Location
- Morganton, NC
- Founding
- 11/1993
- Data as of
- 12/2021
- EIN
- 58-2063920
Organization Overview
Blue Ridge Healthcare Foundation Inc is located in Morganton, NC. The organization was established in 1993. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blue Ridge Healthcare 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 12/2021, Blue Ridge Healthcare Foundation Inc generated $732.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $450.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Blue Ridge Healthcare Foundation Inc has awarded 41 individual grants totaling $4,163,667. 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 PROMOTE THE MAKING OF GIFTS FOR THE PURPOSE OF SUPPORTING THE BLUE RIDGE HEALTHCARE SYSTEM OF HOSPITALS AND ITS TAX-EXEMPT, NON-PROFIT, CHARITABLE AFFILIATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRHC FOUNDATION HOLDS FUNDRAISERS TO FUND VARIOUS PROGRAMS THAT BENEFIT PATIENTS, BRHC EMPLOYEE EMERGENCY FUNDS, HEALTHCARE RELATED COMMUNITY PROJECTS AND GENERAL UNRESTRICTED SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amoako Patricia MD Board Member | OfficerTrustee | 50 | $0 |
Riebel Traci Executive Director | OfficerTrustee | 50 | $0 |
Bailey Kathy President / CEO | Officer | 50 | $0 |
Moll Patricia CFO | Officer | 50 | $0 |
Bell Catherine Board Member | Trustee | 0 | $0 |
Blackwell Thomas O Tod Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $103,032 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $502,377 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $605,409 |
| Total Program Service Revenue | $0 |
| Investment income | $168,001 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$40,842 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $732,568 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $408,700 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $41,912 |
| Total functional expenses | $450,612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,000 |
| Savings and temporary cash investments | $507,138 |
| Pledges and grants receivable | $14,973 |
| 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 | $38,300 |
| Investments—publicly traded securities | $879,935 |
| Investments—other securities | $201,464 |
| Investments—program-related | $2,813,996 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,456,806 |
| Accounts payable and accrued expenses | $88,528 |
| Grants payable | $0 |
| Deferred revenue | $168,530 |
| 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 | $257,058 |
| Net assets without donor restrictions | $1,369,541 |
| Net assets with donor restrictions | $2,830,207 |
| 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 | $4,456,806 |
Grants Awarded
Over the last fiscal year, Blue Ridge Healthcare Foundation Inc has awarded $405,682 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Morganton, NC PURPOSE: GENERAL SUPPORT | $235,180 |
Morganton, NC PURPOSE: GENERAL SUPPORT | $88,185 |
Morganton, NC PURPOSE: GENERAL SUPPORT | $77,212 |
Morganton, NC PURPOSE: GENERAL SUPPORT | $5,105 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Blue Ridge Healthcare Foundation Inc has recieved totaling $301,399.
| Awarding Organization | Amount |
|---|---|
Duke Endowment Charlotte, NC PURPOSE: TO EXPAND A COMMUNITY NETWORK OF CARE FOR THE LOW-INCOME, UNINSURED IN BURKE COUNTY. | $250,000 |
Blue Ridge Healthcare Hospitals Inc Morganton, NC PURPOSE: GENERAL SUPPORT | $32,050 |
Atrium Health Foundation Charlotte, NC PURPOSE: Support for pediatric medical equipment | $16,043 |
Rostan Family Foundation Valdese, NC PURPOSE: PHILANTHROPIC | $2,000 |
Huffman-Cornwell Foundation Raleigh, NC PURPOSE: GENERAL | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $306 |
Endowment Analysis
| Beg. Balance | $1,767,614 |
| Earnings | $199,144 |
| Other Expense | $18,604 |
| Ending Balance | $1,948,154 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dollar General Literacy Foundation Goodlettsville, TN | $59,000,845 | $19,656,631 |
Governors Early Literacy Foundation Nashville, TN | $11,541,764 | $13,046,158 |
Book Harvest Durham, NC | $2,671,436 | $2,224,285 |
Preston Taylor Ministries Nashville, TN | $1,787,100 | $1,982,481 |
The Washington Commanders Charitable Foundation Inc Ashburn, VA | $1,361,978 | $1,048,751 |
Literacy Action Inc Atlanta, GA | $1,276,569 | $1,539,429 |
The Global Village Project Inc Decatur, GA | $2,051,230 | $1,459,701 |
Durham Literacy Center Inc Durham, NC | $1,363,688 | $948,350 |
Care House Of The Pee Dee Inc Florence, SC | $649,541 | $1,102,021 |
Book Em Nashville, TN | $633,279 | $1,103,877 |
Team Up Mentoring Inc Monroe, GA | $139,641 | $683,392 |
Greenville Literacy Association Inc Greenville, SC | $1,469,123 | $843,116 |