Cmc-Northeast Inc, Northeast Medical Center in Concord, North Carolina (NC)

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Cmc-Northeast Inc, Northeast Medical Center
Employer Identification Number (EIN)566000156
Name of OrganizationCmc-Northeast Inc
Secondary NameNortheast Medical Center
Address920 Church St N, Concord, NC 28025-2927
ActivitiesHospital
SubsectionCharitable Organization
Ruling Date05/1991
DeductibilityContributions are deductible
FoundationHospital or medical research organization
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2007
Assets$1 to $9,999
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$1
Amount of Income$336,996,541
Form 990 Revenue Amount$335,223,252
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Hospital, General


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Amount of income in 2007: $336,996,541
Cmc-Northeast Inc, Northeast Medical Center: 

 $336,996,541
Other organizations performing similar types of work: 

 $132,856,482

Assets in 2007: $1
This organization: 

 $1
Other organizations performing similar types of work: 

 $116,240,531

Expenses in 2005: $396,702,626
Cmc-Northeast Inc, Northeast Medical Center: 

 $396,702,626
Other organizations performing similar types of work: 

 $117,929,197

Income to expenses ratio in 2005: 1.1
Cmc-Northeast Inc, Northeast Medical Center: 

 1.1
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2005: 94.8%
This organization: 

 94.8%
Other organizations performing similar types of work: 

 85.7%

Number of employees in 2005: 3,721
This organization: 

 3,721
Other organizations performing similar types of work: 

 1,075

Employees paid over $50,000 in 2005: 29.2%
This organization: 

 29.2%
Other organizations performing similar types of work: 

 28.7%

Grants share in income in 2005: 2.7%
Cmc-Northeast Inc, Northeast Medical Center: 

 2.7%
Other organizations performing similar types of work: 

 0.4%

Financial snapshot ($)

Revenue for 2005

Assets at end of 2005

Expenses for 2005

Functional Expenses for 2005 ($)

Income-Producing Activities for 2005

Revenue, Expenses, and Changes in Net Assets or Fund Balances
200020012002200320042005
Total revenue$269,873,560$298,088,927$338,795,062$365,523,098$405,632,047$451,118,442
Contributions, gifts, grants, and similar amounts received$9,917,139$12,262,312$11,145,910$9,764,101$8,099,727$12,359,087
Contributions to donor advised funds
Direct public support$7,713,778$9,750,713$7,042,972$6,533,167$7,268,871$8,274,498
Indirect public support$1,759,811$2,438,110$3,717,606$2,728,270$622,836$3,696,646
Government contributions (grants)$443,550$73,489$385,332$502,664$208,020$387,943
Program service revenue including government fees and contracts$252,492,324$281,077,854$319,957,749$343,726,746$381,891,692$417,659,856
Membership dues and assessments$0$0$0$0$0$0
Interest on savings and temporary cash investments$615,288$318,592$158,560$216,139$616,088$7,199,040
Dividends and interest from securities$4,887,456$3,920,743$4,626,598$4,997,007$5,633,280$0
Net rental income or (loss)$-58,154$-27,540$-211,416$-189,482$-226,896$-863,534
Gross rents$358,242$483,876$420,894$193,911$119,640$908,367
Less: rental expenses$416,396$511,416$632,310$383,393$346,536$1,771,901
Other investment income$-1,676,158$-308,425$1,151,105$1,609,334$5,634,461$168,248
Gain or (loss) from sales of assets other than inventory$61,359$-798,025$-14,785$1,408,896$-118,448$10,227,436
Gross amount from sales of assets other than inventory$90,127$126,210$1,612,467$2,120,251$658,187$11,080,624
Less: cost or other basis and sales expenses$28,768$924,235$1,627,253$711,355$776,635$853,188
Net income or (loss) from special events and activities$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$42,538$37,607$22,748$39,957$46,093$31,447
Gross sales of inventory, less returns and allowances$140,482$156,399$157,258$188,272$184,175$185,044
Less: cost of goods sold$97,944$118,792$134,510$148,315$138,082$153,597
Other revenue$3,591,768$1,605,809$1,958,593$3,950,400$4,056,050$4,336,862
Total expenses$243,058,536$265,546,923$308,775,649$330,928,391$363,150,334$396,702,626
Program services$222,426,408$246,755,956$288,366,761$310,815,896$340,901,749$376,044,758
Management and general$20,632,128$18,790,967$20,408,888$20,112,495$22,248,585$20,657,868
Fundraising$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0
Net assets or fund balances at end of year$215,811,065$233,307,019$272,857,642$310,258,035$374,806,573$430,637,985
Excess or (deficit) for the year$26,815,024$32,542,004$30,019,413$34,594,707$42,481,713$54,415,816
Net assets or fund balances at beginning of year$197,065,603$215,811,065$233,307,019$272,857,642$310,258,035$374,806,573
Other changes in net assets or fund balances$-8,069,562$-15,046,050$9,531,210$2,805,686$22,066,825$1,415,596
Statement of Functional Expenses (for 2005)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$396,702,626$376,044,758$20,657,868$0
Grants paid from donor advised funds
Other grants and allocations$8,750
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$1,513,143$0$1,513,143$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$189,678,254$182,775,003$6,903,251$0
Pension plan contributions not included above$5,311,804$5,099,755$212,049$0
Employee benefits not included above$21,341,308$20,489,355$851,953$0
Payroll taxes$11,657,544$11,192,170$465,374$0
Professional fundraising fees$0$0$0$0
Accounting fees$93,750$0$93,750$0
Legal fees$238,537$49,743$188,794$0
Supplies$74,555,444$74,382,788$172,656$0
Telephone$906,127$883,765$22,362$0
Postage and shipping$582,617$578,900$3,717$0
Occupancy$8,290,953$7,379,698$911,255$0
Equipment rental and maintenance$8,820,111$8,665,564$154,547$0
Printing and publications$165,987$106,072$59,915$0
Travel$312,846$288,763$24,083$0
Conferences, conventions, and meetings$1,023,983$825,942$198,041$0
Interest$5,277,023$0$5,277,023$0
Depreciation, depletion, etc.$24,721,653$24,721,653$0$0
Other expenses not covered above$42,202,792$38,596,837$3,605,955$0
Balance Sheets
200020012002200320042005
Total assets$324,288,726$398,085,513$441,849,356$504,889,916$573,266,495$669,194,426
Cash - non-interest-bearing$63,624$48,612$4,575$0$9,850,773$0
Savings and temporary cash investments$17,401,177$20,171,161$23,761,848$29,465,191$37,191,930$45,133,834
Accounts receivable less allowance for doubtful accounts$30,710,664$33,378,715$35,135,750$33,776,521$33,300,865$35,938,378
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$4,233,439$1,182,881$869,916$484,394$576,568$350,090
Inventories for sale or use$3,211,240$2,946,591$3,315,584$3,625,177$4,269,752$4,472,559
Prepaid expenses and deferred charges$144,267$1,426,714$2,223,567$2,305,083$15,407,128$19,037,353
Investments - publicly-traded securities
Investments - other securities$91,791,853$99,768,075$135,881,362$195,701,900$221,056,430$235,416,346
Investments - land, buildings, and equipment less accumulated depreciation$0$1,214,349$0$0$984,710$0
Investments - other$1,999,204$3,943,186$12,875,891$12,442,273$9,660,391$11,494,130
Land, buildings, and equipment less accumulated depreciation$172,172,913$187,742,918$218,183,301$224,748,233$232,703,496$298,657,657
Other assets, including program-related investments$2,560,345$46,262,311$9,597,562$2,341,144$8,264,452$18,694,079
Total liabilities$108,477,661$164,778,494$168,991,714$194,631,881$198,459,922$238,556,441
Accounts payable and accrued expenses$32,282,892$38,315,880$43,656,020$42,571,667$48,378,400$64,140,228
Grants payable$0$0$0$0$0$0
Deferred revenue$13,083,314$6,553,334$8,726,830$10,500,831$16,407,656$3,060,463
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0
Tax-exempt bond liabilities$62,464,150$103,183,239$101,102,243$128,514,569$125,809,665$163,208,059
Mortgages and other notes payable$647,305$0$0$0$0$0
Other liabilities$0$16,726,041$15,506,621$13,044,814$7,864,201$8,147,691
Total liabilities and net assets/fund balances$324,288,726$398,085,513$441,849,356$504,889,916$573,266,495$669,194,426
Total net assets or fund balances$215,811,065$233,307,019$272,857,642$310,258,035$374,806,573$430,637,985
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200020012002200320042005
Total revenue$269,873,560$298,088,927$338,795,062$365,523,098$405,632,047$451,118,442
Total revenue, gains, and other support per audited financial statements$271,411,988$299,469,061$350,250,978$371,313,916$418,573,860$455,312,724
Other expenses$1,705,723$1,704,749$11,848,714$5,197,342$11,383,101$1,415,596
Net unrealized gains on investments$49,168$0$11,081,894$5,197,342$11,383,101$3,318,923
Donated services and use of facilities$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0
Other$1,656,555$1,704,749$766,820$0$0$-1,903,327
Other revenue$167,295$324,615$392,798$-593,476$-1,558,712$-2,778,686
Investment expenses$167,295$324,615$354,502$0$0$0
Other$0$0$38,296$-593,476$-1,558,712$-2,778,686
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200020012002200320042005
Total expenses$243,058,536$265,546,923$308,775,649$330,928,391$363,150,334$396,702,626
Total expenses and losses per audited financial statements$252,666,526$281,973,107$309,158,289$331,521,867$364,709,046$399,481,312
Other revenue$9,775,285$16,750,799$737,142$593,476$1,558,712$2,778,686
Donated services and use of facilities$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0
Losses$8,283,852$14,087,677$0$0$0$0
Other$1,491,433$2,663,122$737,142$593,476$1,558,712$2,778,686
Other expenses$167,295$324,615$354,502$0$0$0
Investment expenses$167,295$324,615$354,502$0$0$0
Other$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings10
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 20063,721
Analysis of Income-Producing Activities (for 2005)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$19,801,764$418,957,591
Program service revenue
Program service revenue 1000000$000$0$411,055,162
Program service revenue 2000000$000$0$4,471,231
Program service revenue 3000000$000$0$2,133,463
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$7,199,040$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$-863,534$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$168,248
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$10,227,436$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$0Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$31,447$0
Other revenue000000$0Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$3,207,375$1,129,487
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2005)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
56215795950%$1,160,174$5,341,582
561949386100%$320,658$19,860
56195216895%$438,913$4,000
562013706100%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2005)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$428,559$27,054$0
$417,254$25,734$0
$412,606$26,496$0
$412,249$27,896$0
$412,249$26,831$0
Total number of other employees paid over $50,0001,082
Statements About Activities (for 2005)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
Enter the total number of donor advised funds owned at the end of the tax year
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isHospital, or a cooperative hospital service organization
Support Schedule
199920002001200220032004
Total$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0
Other income$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2005)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1North Carolina Baptist HospitalMedical Center Blvd, Winston Salem, NC 27157-0001NC2003-12$1,272,787,906
2Pitt County Memorial Hospital IncPO BOX 6028, Greenville, NC 27835-6028NC1953-09$1,104,838,649
3The Moses H Cone Memorial Hospital Operating Corporation1200 N Elm St, Greensboro, NC 27401-1004NC1984-11$1,068,121,795
4Forsyth Memorial Hospital Inc, Forsyth Medical Center2085 Frontis Plaza Blvd, Winston Salem, NC 27103-5614NC1969-05$955,803,810
5Mission Hospital Inc400 Ridgefield Court No 100, Asheville, NC 28806-2213NC1999-06$915,839,322
6Presbyterian Hospital2085 Frntis Plz Blvd, Winston Salem, NC 27103-5614NC1956-01$731,668,457
7First Health Of The Carolinas Inc, Firsthealth Hospice And Palliative155 Memorial Dr, Pinehurst, NC 28374-8710NC1995-10$537,820,875
8Gaston Memorial Hospital Inc, Gaston Memorial Hospital Auxiliary2525 Court Drive, Gastonia, NC 28054NC1949-02$426,092,983
9Cmc-Northeast Inc, Northeast Medical Center920 Church St N, Concord, NC 28025-2927NC1991-05$336,996,541
10High Point Regional Health SystemPO BOX HP5, High Point, NC 27261-1899NC1945-05$275,388,756
11Alamance Regional Medical CenterPO BOX 202, Burlington, NC 27216-0202NC1938-03$258,411,790
12Prince William Hospital2085 Frntis Plz Blvd, Winstonsalem, NC 27103-5614NC1965-10$257,658,686
13Wilson Medical Center Inc1705 Tarboro St Sw, Wilson, NC 27893-3428NC1964-12$235,235,851
14Wayne Memorial Hospital IncPO BOX 8001, Goldsboro, NC 27533-8001NC1986-01$226,897,182
15Presbyterian Medical Care Corp2085 Frntis Plz Blvd, Winston Salem, NC 27103-5614NC1984-09$166,968,298
16Rowan Regional Medical Center Inc2085 Frntis Plz Blvd, Winstonsalem, NC 27103-5614NC1937-04$165,437,946
17Rutherford Hospital Incorporated288 S Ridgecrest Ave, Rutherfordton, NC 28139-2838NC1929-12$153,400,167
18Lenoir Memorial Hospital Inc100 Airport Rd, Kinston, NC 28501-1604NC1986-03$137,608,639
19Blue Ridge Healthcare Hospitals Inc2201 S Sterling St, Morganton, NC 28655-4044NC1931-05$135,011,007
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Number of organizations performing similar types of work
Alaska3
Alabama19
Arkansas23
Arizona17
California114
Colorado25
Connecticut29
District of Columbia2
Delaware6
Florida54
Georgia53
Hawaii5
Iowa26
Idaho7
Illinois104
Indiana49
Kansas26
Kentucky32
Louisiana22
Massachusetts46
Maryland42
Maine19
Michigan62
Minnesota40
Missouri49
Mississippi19
Montana11
North Carolina48
North Dakota13
Nebraska21
New Hampshire21
New Jersey49
New Mexico7
Nevada4
New York129
Ohio98
Oklahoma17
Oregon26
Pennsylvania133
Rhode Island10
South Carolina14
South Dakota9
Tennessee25
Texas54
Virginia36
Vermont8
Washington18
Wisconsin71
West Virginia24
International10
Total1,749

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