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Hospice Cleveland County Foundation

GuideStar Charity Check

Hospice Cleveland County Foundation

EIN: 85-0575028


Mission

The Foundation’s mission is to strive to maintain the success of the hospice tradition in Cleveland County by supporting efforts to help people lead healthy, productive lives and experience peaceful, dignified deaths. The Foundation seeks to ensure that all people – especially those with the fewest resources – have access to the opportunities they need to succeed in school and in life.

Ruling year info

2020

Principal Officer

Emily Arey

Main address

212 S Washington St

Shelby, NC 28150 USA

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EIN

85-0575028

Subject area info

Education

Foundations

Nonprofits

Health

Human services

Population served info

Social and economic status

Health

NTEE code info

Public Foundations (T30)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Grantmaking

To provide financial grants to local non-profit organizations focused on supporting efforts to help people lead healthy and productive lives.

Population(s) Served
Economically disadvantaged people

Where we work

Financials

Hospice Cleveland County Foundation
Fiscal year: Jan 01 - Dec 31
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

23594.67

Average of 11722.41 over 3 years

Months of cash in 2022 info

SOURCE: IRS Form 990

4.3

Average of 213.9 over 3 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

31%

Average of 20% over 3 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Hospice Cleveland County Foundation

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Hospice Cleveland County Foundation

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Hospice Cleveland County Foundation

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Hospice Cleveland County Foundation’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $24,113,498 $3,393,182 -$3,504,317
As % of expenses 226588.0% 452.4% -334.3%
Unrestricted surplus (deficit) after depreciation $24,100,152 $3,310,886 -$3,588,606
As % of expenses 100467.5% 397.8% -316.9%
Revenue composition info
Total revenue (unrestricted & restricted) $69,628 $646,161 $276,682
Total revenue, % change over prior year 0.0% 828.0% -57.2%
Program services revenue 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0%
Investment income 87.6% 86.1% 159.8%
Government grants 0.0% 0.0% 0.0%
All other grants and contributions 0.0% 2.0% 7.5%
Other revenue 12.4% 11.8% -67.3%
Expense composition info
Total expenses before depreciation $10,642 $749,959 $1,048,263
Total expenses, % change over prior year 0.0% 6947.2% 39.8%
Personnel 0.0% 11.0% 9.3%
Professional fees 0.0% 13.7% 10.4%
Occupancy 0.0% 3.1% 1.7%
Interest 0.0% 0.0% 0.0%
Pass-through 0.0% 67.1% 73.6%
All other expenses 100.0% 5.1% 5.0%
Full cost components (estimated) info 2020 2021 2022
Total expenses (after depreciation) $23,988 $832,255 $1,132,552
One month of savings $887 $62,497 $87,355
Debt principal payment $0 $0 $0
Fixed asset additions $3,882,962 $0 $0
Total full costs (estimated) $3,907,837 $894,752 $1,219,907

Capital structure indicators

Liquidity info 2020 2021 2022
Months of cash 631.1 6.4 4.3
Months of cash and investments 22812.1 377.0 229.3
Months of estimated liquid unrestricted net assets 22812.1 377.0 229.3
Balance sheet composition info 2020 2021 2022
Cash $559,698 $399,272 $373,376
Investments $19,670,838 $23,162,438 $19,658,502
Receivables $0 $0 $0
Gross land, buildings, equipment (LBE) $3,882,962 $3,945,187 $3,970,302
Accumulated depreciation (as a % of LBE) 0.3% 2.4% 4.5%
Liabilities (as a % of assets) 0.0% 0.0% 0.0%
Unrestricted net assets $24,100,152 $27,411,038 $23,822,432
Temporarily restricted net assets N/A N/A N/A
Permanently restricted net assets N/A N/A N/A
Total restricted net assets $0 $0 $0
Total net assets $24,100,152 $27,411,038 $23,822,432

Key data checks

Key data checks info 2020 2021 2022
Material data errors No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

Principal Officer

Emily Arey

Number of employees

Source: IRS Form 990

Hospice Cleveland County Foundation

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
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Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

This organization has no recorded board members.

Contractors

Fiscal year ending
There are no fundraisers recorded for this organization.