Civic Intelligence

Moses Cone-Wesley Long Community Health Foundation Inc.

990 • Fiscal year 2014 • EIN 56-2001399

Oct 01, 2013 to Sep 30, 2014 • Filed on Aug 13, 2015

1200 North Elm StreetSuite27401

(336) 832-7000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

7th percentile

0.04x

Higher debt load relative to assets than 7% of similar nonprofits.

2014 filings • NTEE E • $100M-$250M nonprofits • Source year 2014

Liabilities / Revenue

84th percentile

1.08x

Higher debt load relative to revenue than 84% of similar nonprofits.

2014 filings • NTEE E • $100M-$250M nonprofits • Source year 2014

Net Margin

94th percentile

51%

Higher net margin than 94% of similar nonprofits.

2014 filings • NTEE E • $100M-$250M nonprofits • Source year 2014

Top Officer Pay

12th percentile

$454,061

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 10.8% of source-year revenue.

2014 filings • NTEE E • $100M-$250M nonprofits • Source year 2014

Asset Growth

37th percentile

1.4%

Faster asset growth than 37% of similar nonprofits.

2014 filings • NTEE E • $100M-$250M nonprofits • Annualized from 2013 to 2014

Revenue Growth

2nd percentile

-51%

Faster revenue growth than 2% of similar nonprofits.

2014 filings • NTEE E • $100M-$250M nonprofits • Annualized from 2012 to 2014

Assets

Up

$114,654,699

Up $1,542,240 (+1.4%) from 2013

Net Assets

Up

$110,103,972

Up $5,541,783 (+5.3%) from 2013

Liabilities

Down

$4,550,727

Down $3,999,543 (-47%) from 2013

Revenue

$4,206,899

No earlier filing loaded for comparison.

Expenses

Down

$2,073,798

Down $1,031,536 (-33%) from 2013

Net Income

$2,133,101

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2010: $107,092,705Liabilities 2010: $7,052,526Net Assets 2010: $100,040,1792010Assets 2011: $101,703,133Liabilities 2011: $5,385,689Net Assets 2011: $96,317,4442011Assets 2012: $111,037,060Liabilities 2012: $11,419,399Net Assets 2012: $99,617,6612012Assets 2013: $113,112,459Liabilities 2013: $8,550,270Net Assets 2013: $104,562,1892013Assets 2014: $114,654,699Liabilities 2014: $4,550,727Net Assets 2014: $110,103,9722014Assets 2015: $102,983,000Liabilities 2015: $13,625,771Net Assets 2015: $89,357,2292015Assets 2016: $105,482,422Liabilities 2016: $9,191,949Net Assets 2016: $96,290,4732016Assets 2017: $110,875,032Liabilities 2017: $5,203,165Net Assets 2017: $105,671,8672017Assets 2018: $109,851,761Liabilities 2018: $12,514,297Net Assets 2018: $97,337,4642018Assets 2019: $105,135,932Liabilities 2019: $8,985,086Net Assets 2019: $96,150,8462019Assets 2020: $109,549,458Liabilities 2020: $4,390,921Net Assets 2020: $105,158,5372020Assets 2021: $128,321,235Liabilities 2021: $4,277,022Net Assets 2021: $124,044,2132021Assets 2022: $103,522,804Liabilities 2022: $2,918,383Net Assets 2022: $100,604,4212022Assets 2023: $107,080,834Liabilities 2023: $2,414,078Net Assets 2023: $104,666,7562023Assets 2024: $123,928,490Liabilities 2024: $2,615,049Net Assets 2024: $121,313,4412024

Highlighted filing

2014

Assets$114,654,699
Liabilities$4,550,727
Net Assets$110,103,972

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10M-$20MExpenses 2010: $3,987,5842010Revenue 2011: $5,349,079Expenses 2011: $4,004,974Net Income 2011: $1,344,1052011Revenue 2012: $17,574,881Expenses 2012: $11,535,624Net Income 2012: $6,039,2572012Expenses 2013: $3,105,3342013Revenue 2014: $4,206,899Expenses 2014: $2,073,798Net Income 2014: $2,133,1012014Revenue 2015: $3,220,757Expenses 2015: $16,111,227Net Income 2015: -$12,890,4702015Revenue 2016: $6,857,211Expenses 2016: $2,415,004Net Income 2016: $4,442,2072016Revenue 2017: $5,318,967Expenses 2017: $2,358,983Net Income 2017: $2,959,9842017Revenue 2018: $9,406,071Expenses 2018: $14,499,342Net Income 2018: -$5,093,2712018Revenue 2019: $3,311,950Expenses 2019: $3,054,345Net Income 2019: $257,6052019Revenue 2020: $3,300,902Expenses 2020: $2,040,006Net Income 2020: $1,260,8962020Revenue 2021: $23,346,538Expenses 2021: $6,148,598Net Income 2021: $17,197,9402021Revenue 2022: $14,519,059Expenses 2022: $5,791,624Net Income 2022: $8,727,4352022Revenue 2023: -$6,773,086Expenses 2023: $5,770,389Net Income 2023: -$12,543,4752023Revenue 2024: $3,499,946Expenses 2024: $7,121,222Net Income 2024: -$3,621,2762024

Highlighted filing

2014

Revenue$4,206,899
Expenses$2,073,798
Net Income$2,133,101
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Sep 30, 2014
Signed
Aug 13, 2015
Return Version
2013v4.0
Gross Receipts
$19,924,414
Mission and Program Overview

Mission

To invest in the development and support of activities, programs and organizations that measurably improve the health of people in the greater greensboro area.

To invest in the development and support of activities, programs, and ORGANIZATIONS THAT MEASURABLY IMPROVE THE HEALTH OF PEOPLE IN THE GREATER GREENSBORO AREA.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$73,868,335$73,732,764▼ $135,571
Investments Other Securities$38,401,032$40,093,415▲ $1,692,383
Cash and Non-Interest-Bearing Accounts$417,305$698,407▲ $281,102
Savings and Temporary Cash Investments$424,760$129,281▼ $295,479
Accounts Receivable$1,027$1,236▲ $209
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$-404▼ $404
Total Assets$113,112,459$114,654,699▲ $1,542,240
Other Assets Total$0$0→ $0
Liabilities
Grants Payable$8,418,545$4,418,297▼ $4,000,248
Other Liabilities$0$77,804▲ $77,804
Accounts Payable and Accrued Expenses$131,725$54,626▼ $77,099
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$8,550,270$4,550,727▼ $3,999,543
Net Assets / Fund Balance
Unrestricted Net Assets$104,562,189$110,103,972▲ $5,541,783
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$104,562,189$110,103,972▲ $5,541,783
Total Liabilities and Net Assets / Fund Balance$113,112,459$114,654,699▲ $1,542,240

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$1,727$0
Closely Held Equity Interests$40,093,415--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Susan ShumakerPresidentFT$173,451$77,351$250,802
Antonia ReavesVP, Senior Program OfficerFT$106,400$8,038$114,438

Board Members and Trustees

NameTitle
Frank MasciaChair
Harriett SmallsGovernance Committee Chair
Sue ColeInvestment Committee Chair
John Campbell MDProgram Chair
David F LeeperVice Chair
Addy JeffreyDirector
Afrique KilimanjaroDirector
Diane Givens MoffettDirector
Inez TuckDirector
John CrossDirector
Margaret B ArbuckleDirector
R Preston Lentz MDDirector
Thomas ConeDirector
Von Best Whitaker PhDDirector
Phillip L McAlpinSecretary
Griselda ClarkStrategic Comm. & Advocacy
Leigh Ann KleeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$4,201,027
Other Revenue
$5,872
Change in Net Assets
$2,133,101

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,206,899
Revenue Not Reported on Form 990
$3,408,682
Total Revenue per Audited Statements
$7,615,581
Total Revenue per Form 990
$4,206,899
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$835,974
Salaries, Compensation, and Employee Benefits$733,858
Grants and Similar Amounts Paid$503,966
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees-$515,766-$515,766
Grants to Domestic Orgs$503,966--$503,966
Other Salaries and Wages-$296,259-$296,259
Current Officers, Directors, Trustees, and Key Employees-$230,494-$230,494
Other Employee Benefits-$126,252-$126,252
Fees for Services Accounting-$98,118-$98,118
Pension Plan Contributions-$40,560-$40,560
Payroll Taxes-$40,293-$40,293
Occupancy-$34,929-$34,929
Office Expenses-$28,332-$28,332
Fees for Services Management-$20,591-$20,591
Payments to Affiliates-$11,746-$11,746
Information Technology-$6,053-$6,053
Fees for Services Other-$1,770-$1,770
Other Expenses$37,750$793-$793
All Other Expenses-$790-$790
Travel-$617-$617
Advertising-$542-$542
Total Functional Expenses$541,716$1,532,082$0$2,073,798

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,073,798
Total Expenses per Audited Statements$2,073,798
Total Expenses per Form 990$2,073,798
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
56-1991438-501(c)(3)Access to Healthcare$867,210
58-1588823-501(c)(3)Access to Healthcare and Other Initiatives$534,745
56-6000305-501(c)(1)Access to Healthcare, Substance Abuse/Mental Health & Adolescent Pregnancy Prevention$349,000
56-6001468-501(c)(3)Access to Care, Substance Abuse/Mental Health & Other Initiatives$277,561
04-3726317-501(c)(3)Access to Care and Other Initiatives$261,060
56-2249960-501(c)(3)Access to Care, Substance Abuse/Mental Health & Other Initiatives$200,901
56-0529946-501(c)(3)Adolescent Pregnancy Prevention$195,220
56-1804884-501(c)(3)Access to Care$152,500
53-0196584-501(c)(3)Medicaid Expansion Study$150,000
72-1572569-501(c)(3)Access to Care$136,486
56-2061741-501(c)(3)Access to Care, Substance Abuse/Mental Health$132,000
58-1705502-501(c)(3)HIV/AIDS Treatment$113,520
56-0529936-501(c)(3)Adolescent Pregnancy Prevention$104,759
56-6000522-501(c)(3)Substance Abuse/Mental Health & Other Initiatives$100,618
31-1489283-501(c)(3)Substance Abuse/Mental Health$88,706
56-2018327-501(c)(3)Substance Abuse/Mental Health$80,000
56-0962164-501(c)(3)Substance Abuse/Mental Health$80,000
30-0310853-501(c)(3)Substance Abuse/Mental Health$70,000
56-1282557-501(c)(3)Adolescent Pregnancy Prevention$60,000
56-1772407-501(c)(3)Other Initiatives$59,417
56-0863474-501(c)(3)Adolescent Pregnancy Prevention$51,000
55-0888160-501(c)(3)Substance Abuse/Mental Health$50,000
31-1483754-501(c)(3)Adolescent Pregnancy Prevention$47,500
31-1483754-501(c)(4)Affordable Care Act Outreach Activities$36,151
23-7362747-501(c)(3)HIV/AIDS Treatment & Other Initiatives$33,400
56-1162341-501(c)(3)Other Initiatives$30,000
74-3049391-501(c)(3)Adolescent Pregnancy Prevention$30,000
56-2251250-501(c)(3)Other Initiatives$25,000
56-0543243-501(c)(3)Other Initiatives$25,000
20-1798198-501(c)(3)Other Initiatives$25,000
21-1661221-501(c)(3)Enrollment Under the ACA$22,000
99-9999999-N/aOther Initiatives$20,000
56-6076634-501(c)(3)Substance Abuse/Mental Health$18,550
31-1784161-501(c)(3)Affordable Care Act Outreach Activities$17,298
56-1380249-501(c)(3)Other Initiatives$15,000
94-3471934-501(c)(3)Other Initiatives$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Intercompany Payables$77,804
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

EIN
56-2001399
In Care Of
% SUSAN SHUMAKER
Phone
3368327000

Signing Officer

Name
Susan Shumaker
Title
President
Phone
3368329555
Signed
2015-08-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Shumaker
Formed
1996
Legal Domicile
Nc
Voting Board Members
17
Independent Board Members
12
Employees
5
Volunteers
0

Preparer

Preparer
Mark D Yarbrough
Phone
3368329555
Supplemental Narrative

Additional Explanations

Conflict of Interest Policy

Part vi, section b, line 12c an agenda is distributed in advance of each program committee meeting, and at the beginning of each meeting, the chair asks members to disclose any potential conflicts of interest in advance of discussion and decision-making on grants.

Process of Reviewing Form 990

Part vi, section b, line 11b the executive committee of the foundation board of directors will review the entire form 990 document. Those documents are available to every board member.

Process of Determining CEO Compensation

Part vi, section b, line 15a the executive committee of the board determines the compensation of the foundation president. The cone health system human resources department provides market data for comparability to other similar foundations.

Availability of Documents

Part vi, section c, line 19 the organization's governing documents, conflict of interest policy, and financial statements are public record and available to the public upon request. In addition, quarterly and annual financial statements are published on dac and with nmisrs.

Governing Body and Management

Part vi, section a, lines 7a and 7b the board of directors of moses h. Cone memorial hospital corporation has the authority to appoint eight board members of the organization. Furthermore, the chair and the vice chair, or their designee, are automatically members of the organization's board. Any changes to the organization's articles of incorporation must be ratified by the board of directors of moses h. Cone memorial hospital corporation.

FORM 990, PART III, Line 4D - OTHER PROGRAM SERVICES DESCRIPTION

HIV/AIDS - Foundation investments in preventing HIV infection require a continuum of services that includes HIV testing, linkage to and retention in HIV medical care, and ongoing HIV prevention message intervention.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Margaret B Arbuckle
IRS990/Form990PartVIISectionAGrp/PersonNm1John Campbell MD
IRS990/Form990PartVIISectionAGrp/PersonNm2Griselda Clark
IRS990/Form990PartVIISectionAGrp/PersonNm3Sue Cole
IRS990/Form990PartVIISectionAGrp/PersonNm4Thomas Cone
IRS990/Form990PartVIISectionAGrp/PersonNm5John Cross
IRS990/Form990PartVIISectionAGrp/PersonNm6Addy Jeffrey
IRS990/Form990PartVIISectionAGrp/PersonNm7Afrique Kilimanjaro
IRS990/Form990PartVIISectionAGrp/PersonNm8Leigh Ann Klee
IRS990/Form990PartVIISectionAGrp/PersonNm9David F Leeper
IRS990/Form990PartVIISectionAGrp/PersonNm10R Preston Lentz MD
IRS990/Form990PartVIISectionAGrp/PersonNm11Frank Mascia
IRS990/Form990PartVIISectionAGrp/PersonNm12Phillip L McAlpin
IRS990/Form990PartVIISectionAGrp/PersonNm13Harriett Smalls
IRS990/Form990PartVIISectionAGrp/PersonNm14Diane Givens Moffett
IRS990/Form990PartVIISectionAGrp/PersonNm15Inez Tuck
IRS990/Form990PartVIISectionAGrp/PersonNm16Von Best Whitaker PhD
IRS990/Form990PartVIISectionAGrp/PersonNm17Susan Shumaker
IRS990/Form990PartVIISectionAGrp/PersonNm18Antonia Reaves
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Program Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Strategic Comm. & Advocacy
IRS990/Form990PartVIISectionAGrp/TitleTxt3Investment Committee Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt9Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt12Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt13Governance Committee Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17President
IRS990/Form990PartVIISectionAGrp/TitleTxt18VP, Senior Program Officer
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IRS990/PrincipalOfficerNm0Susan Shumaker
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IRS990/ProgSrvcAccomActy2Grp/Desc0Adolescent Pregnancy Prevention - The Foundations adolescent pregnancy prevention grantmaking is designed to help young people understand their bodies, build healthy relationships, conduct themselves in a safe and responsible manner and save pregnancy for a time when they are emotionally, physically, and financially able.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Mental Health/Substance Abuse - Cone Health Foundation advances recovery and wellness in Guilford County by funding strategic programs that address co-occurring disorders for the indigent population including immigrants, refugees and homeless people.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$124$2.62$121$3.50$7.12$3.62
2023Detailed filing. Detailed filing data is available for this year.$107$2.41$105$6.77$5.77$12.5
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$104$2.92$101$14.5$5.79$8.73
2021Detailed filing. Detailed filing data is available for this year.$128$4.28$124$23.3$6.15$17.2
2020Detailed filing. Detailed filing data is available for this year.$110$4.39$105$3.30$2.04$1.26
2019Detailed filing. Detailed filing data is available for this year.$105$8.99$96.2$3.31$3.05$0.26
2018Detailed filing. Detailed filing data is available for this year.$110$12.5$97.3$9.41$14.5$5.09
2017Detailed filing. Detailed filing data is available for this year.$111$5.20$106$5.32$2.36$2.96
2016Detailed filing. Detailed filing data is available for this year.$105$9.19$96.3$6.86$2.42$4.44
2015Detailed filing. Detailed filing data is available for this year.$103$13.6$89.4$3.22$16.1$12.9
2014Detailed filing. Detailed filing data is available for this year.$115$4.55$110$4.21$2.07$2.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$113$8.55$105$3.11
2012Summary only. Only limited summary data is available for this year.$111$11.4$99.6$17.6$11.5$6.04
2011Summary only. Only limited summary data is available for this year.$102$5.39$96.3$5.35$4.00$1.34
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$107$7.05$100$3.99