Project C.U.R.E. / Benevolent Healthcare Foundation
Fiscal Year
Fiscal Year Start
06/01/2023
Fiscal Year End
05/31/2024
Projected Revenue
$12,000,000.00
Projected Expenses
$11,996,355.00
Organizational Budgets and Other Documents
| Project Cure Budget 2023-24 | 2024 |
| 2021-2022 Fiscal Year Budget | 2022 |
| Approved 2020/2021 | 2021 |
| Approved 2019/20 | 2020 |
| Approved 2018/19 | 2019 |
| Approved 2017/18 | 2018 |
| Approved 2016 2017 Budget | 2017 |
| Approved 15/16 Budget | 2016 |
IRS Letter of Exemption
| Benevolent Healthcare Foundation IRS Letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $61,228,597.00 | $128,324,594.00 | |
| Total Expenses | $71,475,820.00 | $71,184,831.00 | |
| Revenue Less Expenses | ($-0.00) | ($10,247,223.00) | $57,139,763.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $733.00 | $1,123,785.00 | |
| Contributions, Gifts, and Grants | $24,369,660.00 | $6,384,065.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $194,715.00 | $81,295.00 | |
| Investment Income, Net of Losses | $8,285.00 | $9,611.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $376,334.00 | $323,028.00 | |
| Revenue In-Kind | $36,278,870.00 | $120,402,810.00 | |
| Other | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $69,292,395.00 | $69,233,622.00 | |
| Administration Expense | $419,019.00 | $366,278.00 | |
| Fundraising Expense | $1,764,406.00 | $1,584,931.00 | |
| Total Revenue/Total Expenses | 86% | 180% | |
| Program Expense/Total Expenses | 97% | 97% | |
| Fundraising Expense/Contributed Revenue | 2% | 2% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Noncash Contributions $36,278,870.00 | Noncash Contributions $120,402,810.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $24,369,660.00 | Contributions, Gifts, and Grants $6,384,065.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Fundraising Events $376,334.00 | Government Grants $1,123,785.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $130,477,128.00 | $140,732,657.00 | |
| Current Assets | $124,124,613.00 | $134,158,769.00 | |
| Long-Term Liabilities | $4,206,458.00 | $4,617,315.00 | |
| Current Liabilities | $990,662.00 | $588,111.00 | |
| Total Net Assets | $125,280,008.00 | $135,527,231.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
Yes
Do you anticipate a campaign in the next 5 years?
No
What is the campaign goal?
$165,000.00
What is the purpose of the capital campaign?
We are moving into a new warehouse in Nashville in the fall of 2023 and need new shelving/racking and other furnishings.
Campaign Start
June 2023
Campaign End
May 2024
Campaign Raised to Date Month
July
Campaign Raised to Date Year
2023
Campaign Raised to Date Amount
$0.00
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
November
Permit Expiration Year
2023
Form 990s
Audit Documents
Foundation Staff Comments
| Financial figures are taken from Form 990. Financial documents reflect organization's activity in multiple states as this is a NATIONAL ORGANIZATION. Foundations & Corporations may be included with Contributions, Gifts, and Grants sum as this was not separated in Form 990. Financial documents were prepared by Plante & Moran, PLLC. Comments provided by Nicole Rose 07/26/2023. |
