Civic Intelligence

Moses Cone-Wesley Long Community Health Foundation Inc.

990 • Fiscal year 2024 • EIN 56-2001399

Oct 01, 2024 to Dec 31, 2024 • Filed on Nov 14, 2025

1200 N Elm StreetGreensboro, NC 27401

(336) 832-7000

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$122,572,279

Up $15,491,445 (+14%) from 2023

Net Assets

Up

$120,947,577

Up $16,280,821 (+16%) from 2023

Liabilities

Down

$1,624,702

Down $789,376 (-33%) from 2023

Revenue And Expenses

Revenue

Up

$1,455,170

Up $8,228,256 (+121%) from 2023

Expenses

Down

$741,248

Down $5,029,141 (-87%) from 2023

Net Income

Up

$713,922

Up $13,257,397 (+106%) from 2023

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: $121,313,4412024Assets 2024: $122,572,279Liabilities 2024: $1,624,702Net Assets 2024: $120,947,5772024

Highlighted filing

2024

Assets$122,572,279
Liabilities$1,624,702
Net Assets$120,947,577

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: -$3,621,2762024Revenue 2024: $1,455,170Expenses 2024: $741,248Net Income 2024: $713,9222024

Highlighted filing

2024

Revenue$1,455,170
Expenses$741,248
Net Income$713,922
Jump To
Filing Snapshot
Filing Period
Oct 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$5,904,269
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.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$94,870,480$91,885,993▼ $2,984,487
Investments Other Securities$26,270,434$28,692,569▲ $2,422,135
Cash and Non-Interest-Bearing Accounts$2,499,788$1,717,777▼ $782,011
Accounts Receivable$686$351▼ $335
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$123,928,490$122,572,279▼ $1,356,211
Other Assets Total$287,102$275,589▼ $11,513
Liabilities
Grants Payable$2,207,811$1,237,486▼ $970,325
Other Liabilities$380,375$338,574▼ $41,801
Accounts Payable and Accrued Expenses$26,863$48,642▲ $21,779
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$2,615,049$1,624,702▼ $990,347
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$121,313,441$120,947,577▼ $365,864
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$121,313,441$120,947,577▼ $365,864
Total Liabilities and Net Assets / Fund Balance$123,928,490$122,572,279▼ $1,356,211

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$1,727$1,727
Closely Held Equity Interests$28,692,569--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shumaker SusanPresidentFT$267,197$136,764$403,961
Krishnan Md SendilTrustee--$135,636$135,636
Pinder Jamilla-aishaProgram OfficerFT$116,323$17,703$134,026
Wright Md PatrickTrustee--$120,370$120,370
Jeffrey PaulTrustee--$60,567$60,567

Board Members and Trustees

NameTitle
Yntema KristenChair
Robinson UrsulaVice Chair & Assistant Sec.
Boyd AnthonyTrustee
Cone SamTrustee
Douglas MaeTrustee
Pompey RobertTrustee
Pratt LauraTrustee
Sandoval JoseTrustee
Sims MacTrustee
Tobb Md KardieTrustee
Townsend EricTrustee
Walden GeraldTrustee
Miller JohnAssistant Treasurer
Kennedy ChesleySecretary
Lester WilsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1,455,170
Other Revenue
$0
Change in Net Assets
$713,922
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$288,150
Salaries, Compensation, and Employee Benefits$266,998
Grants and Similar Amounts Paid$186,100
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees-$204,547-$204,547
Grants to Domestic Orgs$186,100--$186,100
Other Salaries and Wages-$130,795-$130,795
Current Officers, Directors, Trustees, and Key Employees-$92,660-$92,660
Fees for Services Accounting-$30,876-$30,876
Other Employee Benefits-$24,569-$24,569
Occupancy-$15,090-$15,090
Payroll Taxes-$12,888-$12,888
Information Technology-$10,922-$10,922
Payments to Affiliates-$7,500-$7,500
Pension Plan Contributions-$6,086-$6,086
Office Expenses-$5,347-$5,347
Travel-$4,848-$4,848
Other Expenses-$566-$566
Total Functional Expenses$186,100$555,148$0$741,248
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Planned Parenthood South AtlanticRaleigh, NC501(c)(3)Advocacy$50,000
Seattle FoundationSeatle, WA501(c)(3)Rapid Response/response to Community Needs$28,000
North Carolina Alliance for HealthDurham, NC501(c)(3)Advocacy$25,000
Sales Tax for EducatorsGreensboro, NC501(c)(4)Advocacy$15,000
Diaper Bank of North CarolinaHillsborough, NC501(c)(3)Rapid Response/response to Community Needs$12,500
Legal Aid of North CarolinaRaleigh, NC501(c)(3)Response to Community Needs$12,500
Nc Counts CoalitionRaleigh, NC501(c)(3)Rapid Response/response to Community Needs$12,500
Second Harvest Food Bank of Northwest North CaroliWinstonsalem, NC501(c)(3)Rapid Response/response to Community Needs$12,500
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
Lease Obligations$290,460
Intercompany Payables$48,114
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
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 N ELM STREET, GREENSBORO, NC 27401
Doing Business As
Cone Health Foundation

Signing Officer

Name
Andrew E Barrow
Title
CFO
Phone
3368327000
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Shumaker
Formed
1996
Legal Domicile
Nc
Voting Board Members
17
Independent Board Members
13
Employees
5
Volunteers
0

Preparer

Firm
PwC US Tax LLP
Address
2001 MARKET STREET SUITE 1800, PHILADELPHIA, PA 19103
Preparer
Joanne Krueger
Phone
2673303000
Supplemental Narrative

Additional Explanations

Mission Statement

Form 990, part i, line 1 cone health foundation eliminates health inequities by advocating for and investing in community-driven solutions in social health driven areas of access to care, education, economic mobility, access to health food and safe and healthy housing.

Power to Elect

Form 990, part vi, section a, line 7a the board of trustees of moses h. Cone memorial hospital operating corporation elects 10 of the 17 directors.the remaining 7 are elected by the organization's board.

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.

Short-year Reporting Disclosure

This form 990 covers a short tax year from october 1, 2024 through december 31, 2024, due to a change in accounting period.

Financial Statement Notes

Text of Fin 48 (asc 740) Footnote

Form 990, schedule d, part x, line 2 as of december 31 2024, 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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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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
2024Detailed filing. Detailed filing data is available for this year.$123$1.62$121$1.46$0.74$0.71
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