Civic Intelligence

Northeast Foundation Inc

EIN 58-2055709 • 501(c)3 • Concord, NC

Profile

To educate cabarrus county and its surrounding area about the programs, services and needs within the strategic plan of carolinas medical center - northeast.

920 Church Street NorthConcord, NC 28025

givenortheastfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

3rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE E • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

2nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE E • $25M-$50M nonprofits • Source year 2024

Net Margin

89th percentile

38%

Higher net margin than 89% of similar nonprofits.

NTEE E • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

11th percentile

$224,393

Higher top officer pay than 11% of similar nonprofits.

Top officer pay equals 7.6% of source-year revenue.

NTEE E • $25M-$50M nonprofits • Source year 2024

Asset Growth

71st percentile

11%

Faster asset growth than 71% of similar nonprofits.

NTEE E • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

52nd percentile

8.4%

Faster revenue growth than 52% of similar nonprofits.

NTEE E • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$29,869,050

Up $2,967,968 (+11%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$29,869,050

Up $2,967,968 (+11%) from 2023

Revenue

Up

$2,951,943

Up $229,547 (+8.4%) from 2023

Expenses

Up

$1,832,106

Up $707,550 (+63%) from 2023

Net Income

Down

$1,119,837

Down $478,003 (-30%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2011: $11,145,281Liabilities 2011: $0Net Assets 2011: $11,145,2812011Assets 2012: $11,433,907Liabilities 2012: $0Net Assets 2012: $11,433,9072012Assets 2013: $15,940,525Liabilities 2013: $0Net Assets 2013: $15,940,5252013Assets 2014: $17,022,155Liabilities 2014: $0Net Assets 2014: $17,022,1552014Assets 2015: $17,212,204Liabilities 2015: $0Net Assets 2015: $17,212,2042015Assets 2016: $18,303,153Liabilities 2016: $151,906Net Assets 2016: $18,151,2472016Assets 2017: $19,545,161Liabilities 2017: $0Net Assets 2017: $19,545,1612017Assets 2018: $18,805,555Liabilities 2018: $15,513Net Assets 2018: $18,790,0422018Assets 2019: $21,959,763Liabilities 2019: $0Net Assets 2019: $21,959,7632019Assets 2020: $24,793,288Liabilities 2020: $0Net Assets 2020: $24,793,2882020Assets 2021: $28,281,326Liabilities 2021: $0Net Assets 2021: $28,281,3262021Assets 2022: $23,524,115Liabilities 2022: $0Net Assets 2022: $23,524,1152022Assets 2023: $26,901,082Liabilities 2023: $0Net Assets 2023: $26,901,0822023Assets 2024: $29,869,050Liabilities 2024: $0Net Assets 2024: $29,869,0502024

Highlighted filing

2024

Assets$29,869,050
Liabilities$0
Net Assets$29,869,050

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $2,876,960Expenses 2011: $3,111,099Net Income 2011: -$234,1392011Expenses 2012: $1,768,0092012Revenue 2013: $3,752,013Expenses 2013: $2,361,619Net Income 2013: $1,390,3942013Revenue 2014: $1,894,264Expenses 2014: $852,321Net Income 2014: $1,041,9432014Revenue 2015: $1,550,991Expenses 2015: $471,126Net Income 2015: $1,079,8652015Revenue 2016: $1,386,483Expenses 2016: $1,031,928Net Income 2016: $354,5552016Revenue 2017: $1,428,032Expenses 2017: $1,567,959Net Income 2017: -$139,9272017Revenue 2018: $2,620,968Expenses 2018: $1,221,855Net Income 2018: $1,399,1132018Revenue 2019: $2,278,864Expenses 2019: $1,375,905Net Income 2019: $902,9592019Revenue 2020: $2,045,627Expenses 2020: $1,048,354Net Income 2020: $997,2732020Revenue 2021: $4,085,420Expenses 2021: $1,460,359Net Income 2021: $2,625,0612021Revenue 2022: $1,443,748Expenses 2022: $1,933,840Net Income 2022: -$490,0922022Revenue 2023: $2,722,396Expenses 2023: $1,124,556Net Income 2023: $1,597,8402023Revenue 2024: $2,951,943Expenses 2024: $1,832,106Net Income 2024: $1,119,8372024

Highlighted filing

2024

Revenue$2,951,943
Expenses$1,832,106
Net Income$1,119,837

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.9$0.00$29.9$2.95$1.83$1.12
2023Summary only. Only limited summary data is available for this year.$26.9$0.00$26.9$2.72$1.12$1.60
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.5$0.00$23.5$1.44$1.93$0.49
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.3$0.00$28.3$4.09$1.46$2.63
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.8$0.00$24.8$2.05$1.05$1.00
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.0$0.00$22.0$2.28$1.38$0.90
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.8$0.02$18.8$2.62$1.22$1.40
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.5$0.00$19.5$1.43$1.57$0.14
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.3$0.15$18.2$1.39$1.03$0.35
2015Detailed filing. Detailed filing data is available for this year.$17.2$0.00$17.2$1.55$0.47$1.08
2014Detailed filing. Detailed filing data is available for this year.$17.0$0.00$17.0$1.89$0.85$1.04
2013Summary only. Only limited summary data is available for this year.$15.9$0.00$15.9$3.75$2.36$1.39
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.4$0.00$11.4$1.77
2011Summary only. Only limited summary data is available for this year.$11.1$0.00$11.1$2.88$3.11$0.23
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2019 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 18, 2020
Return Version
2019v5.1
Gross Receipts
$7,825,316
Mission and Program Overview

Mission

To educate cabarrus county and its surrounding area about the programs, services and needs within the strategic plan of carolinas medical center - northeast.

To support carolinas medical center - northeast

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$14,932,092$19,551,196▲ $4,619,104
Cash and Non-Interest-Bearing Accounts$3,294,045$1,903,888▼ $1,390,157
Savings and Temporary Cash Investments$579,418$496,858▼ $82,560
Total Assets$18,805,555$21,959,763▲ $3,154,208
Other Assets Total$0$7,821▲ $7,821
Liabilities
Other Liabilities$15,513$0▼ $15,513
Total Liabilities$15,513$0▼ $15,513
Net Assets / Fund Balance
Net Assets With Donor Restrictions$18,750,622$21,959,763▲ $3,209,141
Net Assets Without Donor Restrictions$39,420$0▼ $39,420
Total Net Assets Fund Balance$18,790,042$21,959,763▲ $3,169,721
Total Liabilities and Net Assets / Fund Balance$18,805,555$21,959,763▲ $3,154,208

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$6,819,229---$6,819,229
2018$7,470,195$125,878▼ $490,883-$6,819,229
2017$6,880,975$98,823▲ $711,378-$7,470,195
2016$6,752,918$135,845▲ $274,125-$6,880,975
2015$6,912,251$140,393▼ $187,552-$6,752,918
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dakeita Vanderburg-johnsonBoard Chair
Jon YanceyImmediate Past Board Chair
Pat HortonBoard Vice Chair
Allen CravenBoard Member
Ann CannonBoard Member
Bill ConnollyBoard Member
Bill DuschBoard Member
Britt LeathermanBoard Member
Dean WikeBoard Member
Diane HoneycuttBoard Member
Diane SnyderBoard Member
Dr Brent MullisBoard Member
Dr Michael HoustonBoard Member
Dr Scott BakerBoard Member
Jan Beatty-hendleyBoard Member
Jane JacobsBoard Member
Jessica TuckerBoard Member
John BishopBoard Member
John Morrison JrBoard Member
John Turner DmdBoard Member
Kristin RodgersBoard Member
Pam CainBoard Member
Susan BareBoard Member
Will LiskBoard Member
Charlie Carlos E SastoqueExecutive Director
Meg PatchettRepresentative - Cchs
Dr Tom Long IiiRepresentative - CHS-ne Retire Physicians
Geraldine PlottRepresentative - Volunteers of CHS-ne
Steve TalbertSecretary
Bob BrattonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,393,899
Program Service Revenue
$0
Investment Income
$857,175
Other Revenue
$27,790
All Other Contributions
$1,218,522
Change in Net Assets
$902,959
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,292,618
Other Expenses$83,287
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,208,918--$1,208,918
Grants to Domestic Individuals$83,700--$83,700
Fees for Service Investment Mgmnt Fees-$83,287-$83,287
Total Functional Expenses$1,292,618$83,287$0$1,375,905
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Carolinas Medical Center - NortheastConcord, NC170(c)(1)Capital Projects, Student Tuition Assistance, Operations$1,208,918
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$121,509
Fundraising Gross Income$121,509
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$208,696$90,765$90,765$0
Fashion Benefit$88,190$30,744$30,744$0
Total Events$296,886$121,509$121,509$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A draft of the 990 tax return is sent via email to all board members for review before the return is filed.

Form 990, Part VI, Section B, Line 12C

Each employee and board member with decision-making authority will be asked to complete an annual conflict of interest disclosure and attestation statement.

Form 990, Part VI, Section C, Line 19

Available on cmc-northeast's website and available upon request.

Filing and Contact Details

Filer

Filer Name
Northeast Foundation Inc
EIN
58-2055709
Phone
7044031369
Address
920 CHURCH STREET NORTH, CONCORD, NC 28025

Signing Officer

Name
Bob Bratton
Title
Treasurer
Phone
7044031369
Signed
2020-06-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bob Bratton
Formed
1993
Legal Domicile
Nc
Voting Board Members
29
Independent Board Members
29
Employees
0
Volunteers
0

Preparer

Firm
Potter & Company Pa
Address
434 COPPERFIELD BLVD NE STE A, CONCORD, NC 28025
Preparer
Kenni E Doyle CPA
Phone
7047868189
Raw XML AppendixShowing 400 of 639 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
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IRS990/Form990PartVIISectionAGrp/PersonNm3PAT HORTON
IRS990/Form990PartVIISectionAGrp/PersonNm4STEVE TALBERT
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IRS990/Form990PartVIISectionAGrp/PersonNm28DEAN WIKE
IRS990/Form990PartVIISectionAGrp/PersonNm29CHARLIE CARLOS E SASTOQUE
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IRS990/Form990PartVIISectionAGrp/TitleTxt0IMMEDIATE PAST BOARD CHAIR
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IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
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IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20REPRESENTATIVE - CHS-NE RETIRE PHYSICIANS
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22REPRESENTATIVE - VOLUNTEERS OF CHS-NE
IRS990/Form990PartVIISectionAGrp/TitleTxt23BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt24BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt25BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt26BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt27BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt28BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt29EXECUTIVE DIRECTOR
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IRS990/MissionDesc0TO EDUCATE CABARRUS COUNTY AND ITS SURROUNDING AREA ABOUT THE PROGRAMS, SERVICES AND NEEDS WITHIN THE STRATEGIC PLAN OF CAROLINAS MEDICAL CENTER - NORTHEAST.
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