Transparency and Financial Accountability
Financial Information
At CHA, we pride ourselves on being diligent stewards of every dollar. Each year, we undergo a rigorous external audit and publish an annual report highlighting our financial health and program impact. The annual audit is the most comprehensive way to view CHA’s financial information as it consolidates the financial information of all five business units within our parent company structure.
Organizational Structure
Children’s Hope Alliance is the nonprofit entity that serves as the parent and public brand of a family of affiliated §501(C)(3) entities that together form one of NC’s oldest and largest providers of services for vulnerable children and families. The consolidated family has a 130+ year history rooted in tradition, tracking back to the 1891 founding of Presbyterian home for Children at Barium Springs and the founding of Grandfather Home for Children in Banner Elk. The two historical entities merged in 2014 to form Children’s Hope Alliance. The consolidated family is composed of five affiliated entities, each with a distinct function. All five entities are included in the consolidated audited financial statements prepared annually by the organization’s independent CPA Firm.
CHA Affiliated Entities
- Children’s Hope Alliance (CHA): As the parent corporation, CHA serves as the unified brand for the consolidated organization and holds the primary governance, strategic, and public entity. CHA IRS Form 990
- Barium Springs Home for Children (BSHC): BSHC serves as the licensed operating entity for all direct programmatic services including trauma-informed therapeutic programs, foster care, and early intervention services. BSHC holds the state licensure, accreditation, and contractual authorizations required to provide behavioral health and child welfare services in NC. BSHC employs the organization’s clinical and programmatic staff. BSHC IRS Form 990
- Children’s Hope Alliance Foundation (CHAF): CHAF is the endowment and fundraising arm and is a Type I supporting organization under §509(A)(3) that holds and stewards the consolidated organization’s endowment and conducts major fundraising activity. CHAF operates under a board-approved spending policy authorizing annual distributions of no more than 4% of the trailing 5-year average endowment market value, preserving long-term purchasing power while providing reliable annual support for direct services. Despite its name, CHAF is not a private foundation; it is a publicly supported §501(C)(3) organization operating as a supporting organization of CHA. CHAF IRS Form 990
- Grandfather Home for Children (GHFC): GHFC is a legacy trust entity as a Type II supporting organization under §509(A)(3) that is maintained as a separate legal entity because it is the named beneficiary of perpetual charitable trust income established by history donors. Preserving GFHC honors donor intent and ensures continued trust income for the consolidated mission. GFHC IRS Form 990
- Properties for Children (PFC): PFC is the property-holding entity and holds and manages all real property owned by the consolidated organization, including the historical Barium Springs campus and other real estate used in support of the mission. PFC IRS Form 990
Children’s Hope Alliance Financial Reports
Children’s Hope Alliance is committed to financial transparency and accountability. Below you’ll find our IRS Form 990 filings, audited financial statements, and annual reports. These documents provide insight into our governance, finances, and impact serving children and families across North Carolina.
For immediate support, call or email our Development Staff at (704) 832.2207 or development@childrenshopealliance.org.