Blue Ridge Healthcare Foundation Inc
- Assets
- $4.1m
- Revenue
- $583.4k
- Investments
- $169.0k
- Employees
- 0
- Location
- Morganton, NC
- Founding
- 11/1993
- Data as of
- 06/2022
- 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 06/2022, Blue Ridge Healthcare Foundation Inc generated $583.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $245.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (8.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Blue Ridge Healthcare Foundation Inc has awarded 43 individual grants totaling $4,372,333. 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
2022
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 | 1 | $0 |
Bell Catherine Board Member | Trustee | 1 | $0 |
Blackwell Thomas O Tod Board Member | Trustee | 1 | $0 |
Bunner Greg Board Member | Trustee | 1 | $0 |
Costic Dr Donald J Jr MD Board Member | Trustee | 1 | $0 |
Gantt Amber Bernard Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $30,314 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $488,713 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $519,027 |
| Total Program Service Revenue | $0 |
| Investment income | $23,502 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,521 |
| Net Income from Fundraising Events | $32,304 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $583,354 |
| 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 | $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 | $97,088 |
| Advertising and promotion | $717 |
| Office expenses | $133 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,236 |
| 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 | $9,689 |
| Total functional expenses | $245,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,000 |
| Savings and temporary cash investments | $291,262 |
| Pledges and grants receivable | $0 |
| 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 | $917,199 |
| Investments—other securities | $169,024 |
| Investments—program-related | $2,693,230 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,110,015 |
| Accounts payable and accrued expenses | $43,551 |
| Grants payable | $0 |
| Deferred revenue | $282,707 |
| 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 | $754 |
| Total liabilities | $327,012 |
| Net assets without donor restrictions | $1,230,264 |
| Net assets with donor restrictions | $2,552,739 |
| 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 | $4,110,015 |
Grants Awarded
Over the last fiscal year, Blue Ridge Healthcare Foundation Inc has awarded $208,666 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BRHC HEALTH PROGRAM ASSISTANCE PURPOSE: GENERAL SUPPORT | $70,672 |
BURKE HEALTH NETWORK A CARING SOLUTION PURPOSE: GENERAL SUPPORT | $137,994 |