Cumberland County Hospital System Inc, Cape Fear Valley Medical Center in Fayetteville, North Carolina (NC)

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Cumberland County Hospital System Inc, Cape Fear Valley Medical Center
Employer Identification Number (EIN)560845796
Name of OrganizationCumberland County Hospital System Inc
Secondary NameCape Fear Valley Medical Center
AddressPO BOX 2000, Fayetteville, NC 28302-2000
ActivitiesOther school related activities, Hospital, Other health services
SubsectionCharitable Organization
Ruling Date02/1969
DeductibilityContributions are deductible
FoundationHospital or medical research organization
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period09/2012
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$929,405,691
Amount of Income$1,023,560,960
Form 990 Revenue Amount$824,758,460
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Community Health Systems


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Amount of income in 2012: $1,023,560,960
This organization: 

 $1,023,560,960
Other organizations performing similar types of work: 

 $6,009,868

Assets in 2012: $929,405,691
Cumberland County Hospital System Inc, Cape Fear Valley Medical Center: 

 $929,405,691
Other organizations performing similar types of work: 

 $5,695,221

Expenses in 2007: $619,357,160
Cumberland County Hospital System Inc, Cape Fear Valley Medical Center: 

 $619,357,160
Other organizations performing similar types of work: 

 $59,364,005

Income to expenses ratio in 2007: 1.0
Cumberland County Hospital System Inc, Cape Fear Valley Medical Center: 

 1.0
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2007: 89.3%
Cumberland County Hospital System Inc, Cape Fear Valley Medical Center: 

 89.3%
Other organizations performing similar types of work: 

 86.5%

Number of employees in 2007: 4,486
This organization: 

 4,486
Other organizations performing similar types of work: 

 748

Employees paid over $50,000 in 2007: 37.9%
Cumberland County Hospital System Inc, Cape Fear Valley Medical Center: 

 37.9%
Other organizations performing similar types of work: 

 31.8%

Grants share in income in 2007: 0.1%
This organization: 

 0.1%
Other organizations performing similar types of work: 

 0.3%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
200520062007
Total revenue$564,171,184$601,362,647$621,838,138
Contributions, gifts, grants, and similar amounts received$709,228$883,173$406,417
Contributions to donor advised funds$0$0
Direct public support$249,139$406,091$193,289
Indirect public support$245,237$452,440$213,128
Government contributions (grants)$214,852$24,642$0
Program service revenue including government fees and contracts$550,867,174$571,346,386$608,857,978
Membership dues and assessments$0$0$0
Interest on savings and temporary cash investments$1,821,887$1,356,191$845,901
Dividends and interest from securities$8,299,707$19,054,681$12,536,902
Net rental income or (loss)$11,995$28,579$74,275
Gross rents$44,895$59,770$103,116
Less: rental expenses$32,900$31,191$28,841
Other investment income$0$0$0
Gain or (loss) from sales of assets other than inventory$-3,494,710$3,022,434$-1,174,491
Gross amount from sales of assets other than inventory$176,649,976$229,566,721$197,180,006
Less: cost or other basis and sales expenses$180,144,686$226,544,287$198,354,497
Net income or (loss) from special events and activities$0$0$0
Gross revenue$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0
Less: cost of goods sold$0$0$0
Other revenue$5,955,903$5,671,203$291,156
Total expenses$536,995,124$578,213,360$619,357,160
Program services$486,392,741$515,624,574$553,092,423
Management and general$50,602,383$62,588,786$66,264,737
Fundraising$0$0$0
Payments to affiliates$0$0$0
Net assets or fund balances at end of year$289,647,350$312,796,637$293,911,412
Excess or (deficit) for the year$27,176,060$23,149,287$2,480,978
Net assets or fund balances at beginning of year$259,950,260$289,647,350$312,796,637
Other changes in net assets or fund balances$2,521,030$0$-21,366,203
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$619,357,160$553,092,423$66,264,737$0
Grants paid from donor advised funds$0
Other grants and allocations$241,649
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$1,068,812$961,931$106,881$0
Compensation of former officers, directors, key employees, etc.$209,921$0$209,921$0
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)$0$0$0$0
Salaries and wages of employees not included above$249,182,922$224,269,394$24,913,528$0
Pension plan contributions not included above$7,826,573$7,043,916$782,657$0
Employee benefits not included above$33,236,941$29,913,247$3,323,694$0
Payroll taxes$16,610,191$14,949,172$1,661,019$0
Professional fundraising fees$0$0$0$0
Accounting fees$360,775$0$360,775$0
Legal fees$1,689,216$1,520,295$168,921$0
Supplies$84,756,890$76,281,201$8,475,689$0
Telephone$1,359,211$1,223,290$135,921$0
Postage and shipping$1,136,649$1,022,984$113,665$0
Occupancy$7,102,114$6,391,903$710,211$0
Equipment rental and maintenance$16,956,740$15,261,066$1,695,674$0
Printing and publications$1,507,211$1,356,490$150,721$0
Travel$1,187,720$593,860$593,860$0
Conferences, conventions, and meetings$0$0$0$0
Interest$12,741,406$12,741,406$0$0
Depreciation, depletion, etc.$23,018,554$20,712,788$2,305,766$0
Other expenses not covered above$159,163,665$138,607,831$20,555,834$0
Balance Sheets
200520062007
Total assets$687,832,763$717,942,509$739,279,742
Cash - non-interest-bearing$14,720$18,474$683,382
Savings and temporary cash investments$32,401,316$30,889,609$22,749,839
Accounts receivable less allowance for doubtful accounts$86,791,622$90,081,017$98,795,454
Pledges receivable less allowance for doubtful accounts$0$0$0
Grants receivable$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0
Inventories for sale or use$6,850,676$6,552,593$7,884,385
Prepaid expenses and deferred charges$3,519,753$5,463,979$5,024,433
Investments - publicly-traded securities$255,118,879$156,510,234
Investments - other securities$298,095,332$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0
Investments - other$0$0$0
Land, buildings, and equipment less accumulated depreciation$210,584,317$273,647,334$321,088,022
Other assets, including program-related investments$49,575,027$56,170,624$126,543,993
Total liabilities$398,185,413$405,145,872$445,368,330
Accounts payable and accrued expenses$52,457,245$54,042,113$62,525,107
Grants payable$0$0$0
Deferred revenue$39,923$43,194$2,843,194
Loans from officers, directors, trustees, and key employees$0$0$0
Tax-exempt bond liabilities$295,022,200$290,379,460$314,661,883
Mortgages and other notes payable$0$0$0
Other liabilities$50,666,045$60,681,105$65,338,146
Total liabilities and net assets/fund balances$687,832,763$717,942,509$739,279,742
Total net assets or fund balances$289,647,350$312,796,637$293,911,412
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200520062007
Total revenue$0$0$0
Total revenue, gains, and other support per audited financial statements$0$0$0
Other expenses$0$0$0
Net unrealized gains on investments$0$0$0
Donated services and use of facilities$0$0$0
Recoveries of prior year grants$0$0$0
Other$0$0$0
Other revenue$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200520062007
Total expenses$0$0$0
Total expenses and losses per audited financial statements$0$0$0
Other revenue$0$0$0
Donated services and use of facilities$0$0$0
Prior year adjustments$0$0$0
Losses$0$0$0
Other$0$0$0
Other expenses$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
50$319,712$43,014$10,203
50$423,653$53,583$4,200
50$176,652$37,795$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings20
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?Yes
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
Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other Benefits
Loans and AdvancesCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
$0$185,219$24,702$0
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)?Yes
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?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20064,486
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$82,307$9,469,969$611,879,445
Program service revenue
Program service revenue 1000000$000$0$598,312,398
Program service revenue 2000000$000$0$10,338,733
Program service revenue 3000000$000$0$206,847
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)$845,901$0
Dividends and interest from securities000000$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)$12,536,902$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not 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)$74,275$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-1,174,491$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenueAll other business support services$82,307Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$-2,812,618$3,021,467
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
980449284100%$12,343,732$34,188,428
800164702100%$9,409,703$9,012,035
56174742482%$167,308$1,018,352
56202148250%$0$732,431
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$471,864$57,120$0
$448,820$45,037$0
$438,706$36,717$0
$413,553$8,445$0
$400,268$20,337$0
Total number of other employees paid over $50,0001,692
Statements About Activities (for 2007)
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?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
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$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isHospital, or a cooperative hospital service organization
Support Schedule
200420052006
Total$0$0$0
Gifts, grants, and contributions received$0$0$0
Membership fees received$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
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
Net income from unrelated business activities not included above$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$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
Other income$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
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
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$772,829,833
Contributions, Gifts, Grants and Other Similar Amounts$750,077
Program Service Revenue$747,761,734
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$12,135,426
Income from investment of tax-exempt bond proceeds$1,875
Royalties$0
Net rental income$46,069
Gross rents (Real / Personal)$62,069 / $0
Less: rental expenses (Real / Personal)$16,000 / $0
Rental income or (loss) (Real / Personal)$46,069 / $0
Net gain from sales of assets other than inventory$4,391,479
Gross amount from sales of assets other than inventory (Securities / Other)$230,510,957 / $61,141
Less: cost or other basis and sales expenses (Securities / Other)$226,110,567 / $70,052
Gain or (loss) (Securities / Other)$4,400,390 / $-8,911
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$7,743,173
Statement of Functional Expenses (for 2011)
Total functional expenses$741,727,948
Compensation of current officers, directors, trustees, and key employees$1,670,844
Other salaries and wages$287,034,767
Payroll taxes$19,170,044
Professional fundraising services$0
Other$433,852,293
Balance Sheet (for 2011)
Total assets$865,155,354
Total liabilities$520,277,668
Tax-exempt bond liabilities$298,476,441
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$221,801,227
Total net assets or fund balances$344,877,686
Retained earnings, endowment, accumulated income, or other funds$333,749,175
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii)
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Number of organizations performing similar types of work
Alabama5
Arkansas4
California24
Colorado9
Connecticut5
District of Columbia1
Delaware2
Florida10
Georgia21
Hawaii9
Iowa1
Idaho5
Illinois20
Indiana6
Kansas8
Kentucky7
Louisiana4
Massachusetts62
Maryland4
Maine4
Michigan15
Minnesota16
Missouri12
Mississippi3
Montana3
North Carolina22
North Dakota14
Nebraska4
New Hampshire3
New Jersey32
New Mexico2
New York27
Ohio23
Oklahoma6
Oregon4
Pennsylvania37
Rhode Island4
South Carolina2
South Dakota9
Tennessee3
Texas46
Utah2
Virginia32
Vermont2
Washington6
Wisconsin9
West Virginia8
Wyoming1
International1
Total559

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