Civic Intelligence

Moses Cone-Wesley Long Community Health Foundation Inc.

990 • Fiscal year 2020 • EIN 56-2001399

Oct 01, 2019 to Sep 30, 2020 • Filed on Aug 09, 2020

1200 North Elm StreetGreensboro, NC 27401

(336) 832-7000

Siviq Scores

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

Liabilities / Assets

8th percentile

0.04x

Higher debt load relative to assets than 8% of similar nonprofits.

2020 filings • NTEE E • $100M-$250M nonprofits • Source year 2020

Liabilities / Revenue

85th percentile

1.33x

Higher debt load relative to revenue than 85% of similar nonprofits.

2020 filings • NTEE E • $100M-$250M nonprofits • Source year 2020

Net Margin

92nd percentile

38%

Higher net margin than 92% of similar nonprofits.

2020 filings • NTEE E • $100M-$250M nonprofits • Source year 2020

Top Officer Pay

28th percentile

$571,999

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 17.3% of source-year revenue.

2020 filings • NTEE E • $100M-$250M nonprofits • Source year 2020

Asset Growth

30th percentile

4.2%

Faster asset growth than 30% of similar nonprofits.

2020 filings • NTEE E • $100M-$250M nonprofits • Annualized from 2019 to 2020

Revenue Growth

41st percentile

-0.3%

Faster revenue growth than 41% of similar nonprofits.

2020 filings • NTEE E • $100M-$250M nonprofits • Annualized from 2019 to 2020

Assets

Up

$109,549,458

Up $4,413,526 (+4.2%) from 2019

Net Assets

Up

$105,158,537

Up $9,007,691 (+9.4%) from 2019

Liabilities

Down

$4,390,921

Down $4,594,165 (-51%) from 2019

Revenue

Down

$3,300,902

Down $11,048 (-0.3%) from 2019

Expenses

Down

$2,040,006

Down $1,014,339 (-33%) from 2019

Net Income

Up

$1,260,896

Up $1,003,291 (+389%) from 2019

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

2020

Assets$109,549,458
Liabilities$4,390,921
Net Assets$105,158,537

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

2020

Revenue$3,300,902
Expenses$2,040,006
Net Income$1,260,896
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Aug 9, 2020
Return Version
2019v5.2
Gross Receipts
$42,850,863
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$62,688,280$55,338,081▼ $7,350,199
Investments Other Securities$41,245,001$41,112,224▼ $132,777
Cash and Non-Interest-Bearing Accounts$1,202,205$13,099,114▲ $11,896,909
Accounts Receivable$446$39▼ $407
Savings and Temporary Cash Investments$0$0→ $0
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$0→ $0
Total Assets$105,135,932$109,549,458▲ $4,413,526
Other Assets Total$0$0→ $0
Liabilities
Grants Payable$8,839,669$4,228,769▼ $4,610,900
Accounts Payable and Accrued Expenses$96,266$101,613▲ $5,347
Other Liabilities$49,151$60,539▲ $11,388
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$8,985,086$4,390,921▼ $4,594,165
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$96,150,846$105,158,540▲ $9,007,694
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$96,150,846$105,158,540▲ $9,007,694
Total Liabilities and Net Assets / Fund Balance$105,135,932$109,549,461▲ $4,413,529

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$1,727$1,727
Closely Held Equity Interests$41,112,224--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shumaker Susan FPresidentFT$211,282$139,317$350,599
Richburg AntoniaVice President & Senior PrograFT$115,386$15,846$131,232
Boren SandraVice President & Senior PrograFT$97,342$33,863$131,205
Revenue and Support

Revenue Composition

Contributions and Grants
$832
Program Service Revenue
$0
Investment Income
$3,300,070
Other Revenue
$0
All Other Contributions
$832
Change in Net Assets
$1,260,896
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,124,543
Salaries, Compensation, and Employee Benefits$866,587
Grants and Similar Amounts Paid$48,876
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees-$970,452-$970,452
Current Officers, Directors, Trustees, and Key Employees-$352,617-$352,617
Other Salaries and Wages-$349,073-$349,073
Other Employee Benefits-$85,753-$85,753
Payments to Affiliates-$68,598-$68,598
Grants to Domestic Orgs$48,876--$48,876
Payroll Taxes-$45,304-$45,304
Pension Plan Contributions-$33,840-$33,840
Fees for Services Accounting-$32,229-$32,229
Office Expenses-$15,489-$15,489
Advertising-$6,520-$6,520
Fees for Services Other-$5,340-$5,340
Travel-$2,175-$2,175
Other Expenses-$859-$859
Information Technology-$394-$394
Conferences and Meetings-$61-$61
Occupancy-$30-$30
Total Functional Expenses$48,876$1,991,130$0$2,040,006
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Family Service of the Piedmont IncJamestown, NC501(c)3Access to Healthcare$577,545
Guilford Adult HealthGreensboro, NC501(c)3Access to Healthcare$475,268
Community Foundation of Greater GreensboroGreensboro, NC501(c)3Wellness outreach activities$470,000
University of North Carolina at GreensboroGreensboro, NC501(c)3Mental Health Wellness$444,365
Alcohol and Drug Services of Guilford IncGreensboro, NC501(c)3Access to Healthcare$320,530
Shift NcDurham, NC501(c)3Adolescent Pregnancy Prevention$223,148
Triad Health ProjectGreensboro, NC501(c)3Hiv$217,000
Guilford County Department of Public HealthGreensboro, NC501(c)1Adolescent Pregnancy Prevention$210,135
Foundation for Health Leadership & Innovation IncCary, NC501(c)3Access to Healthcare$206,172
Guilford County Department of Public Health PharmaGreensboro, NC501(c)1Access to Healthcare$201,308
Kellin FoundationGreensboro, NC501(c)3Mental Health Wellness$133,365
Legal Aid of North CarolinaGreensboro, NC501(c)3Access to Healthcare$125,000
Central Carolina Health NetworkGreensboro, NC501(c)3Wellness outreach activities$118,102
Wake Forest University Health SciencesWinstonSalem, NC501(c)3Hiv$118,016
Guilford County Department of Health and Human SerGreensboro, NC501(c)1Access to Healthcare$94,000
Young Womens Christian Association IncGreensboro, NC501(c)3Adolescent Pregnancy Prevention$92,000
Cone Health Center for Women's HealthcareGreensboro, NC501(c)3Adolescent Pregnancy Prevention$72,249
MonarchAlbemarle, NC501(c)3Mental Health Wellness$65,000
North Carolina AIDS Action NetworkRaleigh, NC501(c)3Hiv$60,000
Partners Ending HomelessnessHigh Point, NC501(c)3Access to Healthcare$51,000
Action GreensboroGreensboro, NC501(c)3Wellness$50,000
Cone HealthGreensboro, NC501(c)3Adolescent Pregnancy Prevention$50,000
NC Justice CenterRaleigh, NC501(c)3Wellness outreach activities$40,000
Rural Economic Development Center IncRaleigh, NC501(c)3Access to Healthcare$40,000
Guilford Child DevelopmentGreensboro, NC501(c)3Adolescent Pregnancy Prevention$37,000
Cone Health Center for ChildrenGreensboro, NC501(c)3Adolescent Pregnancy Prevention$36,500
Planned Parenthood South AtlanticGreensboro, NC501(c)3Adolescent Pregnancy Prevention$27,195
Cone Health Regional Center for Infectious DiseaseGreensboro, NC501(c)3Hiv$17,333
Cone Health Family Medicine CenterGreensboro, NC501(c)3Adolescent Pregnancy Prevention$10,000
North Carolina Institute of MedicineMorrisville, NC501(c)3Access to Healthcare$10,000
Ready for School Ready for LifeGreensboro, NC501(c)3Wellness outreach activities$10,000
Grantmakers in HealthWashington, DC501(c)3Wellness outreach activities$8,500
North Carolina Health News IncChapel Hill, NC501(c)3Wellness outreach activities$7,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
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$60,539
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 35% controlled entity
No
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
Yes
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

Filer Name
Moses Cone - Wesley Long Community
EIN
56-2001399
In Care Of
% SUSAN SHUMAKER
Phone
3368327000
Address
1200 North Elm Street, GREENSBORO, NC 27401
Doing Business As
Cone Health Foundation

Signing Officer

Name
Andrew Barrow
Title
CFO
Phone
3368327000
Signed
2020-08-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Shumaker
Formed
1996
Legal Domicile
Nc
Voting Board Members
17
Independent Board Members
14
Employees
5

Preparer

Firm
Pricewaterhousecoopers Llp
Address
800 GREEN VALLEY RD STE 500, GREENSBORO, NC 27408
Preparer
Caroline Griffin
Phone
3366652700
Supplemental Narrative

Additional Explanations

Governing Body/management

Form 990, part vi, section a, line 7a the board of directors of moses h. Cone memorial hospital has the authority to appoint ten board members of the organization.

Governing Body/management

Form 990, part vi, section a, line 7b any changes to the organization's articles of incorporation must be ratified by the board of directors of the moses h. Cone memorial hospital.

Form 990 Review Process

Form 990, part vi, section b, line 11b the executive committee of the foundation board of directors reviews the entire form 990 prior to the filing deadline. These documents are made available to every board member.

Conflict of Interest Policy

FORM 990, PART VI, SECTION B, LINE 12C Annually, or more often as circumstances warrant, each member provides to the Board a written statement regarding potential conflicts of interest. The Governance Committee then determines actual conflicts of interest for each member. Whenever any matter arises in the course of Board or committee meetings or otherwise where corporation affairs are being considered, which represents a conflict or a potential conflict of interest for member, that person will immediately declare the conflict or potential conflict, and thereafter act in accordance with the Foundation's COI policy, with respect to discussion and/or voting relative to said matter.

Compensation Review Process

Form 990, part vi, section b, line 15a the executive committee of the board determines the compensation of the foundation president. The cone health human resource department provides market data for comparability to other similar foundations.

Governing Documents

Form 990, 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 for the entire health system are published on dac with nmisrsia.

Financial Statement Notes

Text of FIN 48 (ASC 740) Footnote

FORM 990, SCHEDULE D, PART X, LINE 2 As of September 30, 2020 and 2019, the Health System had no uncertain tax positions under Financial Accounting Standards Board (FASB) ASC 740, Income Taxes, requiring adjustments to its consolidated financial statements. The health System does not expect that unrecognized tax benefits will materially increase within the next 12 months.

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IRS990/Form990PartVIISectionAGrp/PersonNm1Leggett MD Kelly
IRS990/Form990PartVIISectionAGrp/PersonNm2Krishnan MD Sendil K
IRS990/Form990PartVIISectionAGrp/PersonNm3Shumaker Susan F
IRS990/Form990PartVIISectionAGrp/PersonNm4Richburg Antonia
IRS990/Form990PartVIISectionAGrp/PersonNm5Boren Sandra
IRS990/Form990PartVIISectionAGrp/PersonNm6Cross Jr John M
IRS990/Form990PartVIISectionAGrp/PersonNm7Cone Thomas E
IRS990/Form990PartVIISectionAGrp/PersonNm8Douglas Mae
IRS990/Form990PartVIISectionAGrp/PersonNm9Gatling Kimberly
IRS990/Form990PartVIISectionAGrp/PersonNm10Harris R Ross
IRS990/Form990PartVIISectionAGrp/PersonNm11Kennedy Rev Chesley
IRS990/Form990PartVIISectionAGrp/PersonNm12Kilimanjaro Afrique I
IRS990/Form990PartVIISectionAGrp/PersonNm13Lentz MD R Preston
IRS990/Form990PartVIISectionAGrp/PersonNm14Lester Wilson
IRS990/Form990PartVIISectionAGrp/PersonNm15Pompey Jr Robert
IRS990/Form990PartVIISectionAGrp/PersonNm16Robinson Ursula
IRS990/Form990PartVIISectionAGrp/PersonNm17Sumerford Steve
IRS990/Form990PartVIISectionAGrp/PersonNm18Thompson Cindy
IRS990/Form990PartVIISectionAGrp/PersonNm19Yntema Kristen
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3President
IRS990/Form990PartVIISectionAGrp/TitleTxt4Vice President & Senior Progra
IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice President & Senior Progra
IRS990/Form990PartVIISectionAGrp/TitleTxt6Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Vice-Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt15Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt16Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt17Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt18Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt19Trustee
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IRS990/FormationYr01996
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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0TO INVEST IN THE DEVELOPMENT AND SUPPORT OF ACTIVITIES, PROGRAMS AND ORGANIZATIONS THAT MEASURABLY IMPROVE THE HEALTH OF PEOPLE IN THE GREATER GREENSBORO AREA.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/ProfessionalFundraisingInd0false
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IRS990/PYProgramServiceRevenueAmt00
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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