2019-12-03T14:23:13-06:00 2019-06-30 363990892 Capin Crouse LLP 1330 Avenue of the Americas Suite 23A New York NY 10019 990 2018-07-01 582248383 Cure International Inc CURE 6165123105 17011 Hickory Street Spring Lake MI 49456 David Helman Finance Director 6165123105 2019-12-03 1 Ted R Batson Jr P00721951 2126530681 139.146.132.42 2019-12-03 15:22:51 ES P E837F78391D18BEAC9FAB0186C1456B47F5133A5 264AFE37330054C0E1C54764B499BC605E773665 2018 2020-04-17 16:48:07Z X Roger Spoelman 17011 Hickory Street Spring Lake MI 49456 72446006 0 X www.cure.org X 1996 GA CURE hospitals provide specialty surgeries and spiritual care to under-served children and regions. 14 13 59 653 0 0 21722765 23157641 40552204 47039359 -12514 9992 1010167 727882 63272622 70934874 3033234 5086611 0 0 35199628 41275492 60250 138750 4231782 37653868 36423569 75946980 82924422 -12674358 -11989548 128806995 119086339 28107193 29821960 100699802 89264379 X In an effort to transform lives and communities through God's hope and healing, Cure International (CURE) operates a global network of hospitals that reflects and advances the Kingdom of God. CURE proclaims the gospel and heals the sick by providing excellent spiritual and surgical care to children with treatable conditions in under-served countries. CURE is strongly committed to capacity building in the countries it serves, and operates extensive training programs which include surgical residency programs, continuing medical and professional education, nurse training, leadership training, as well as focusing on spiritual growth and formation for staff and patients. 0 0 69239269 5086611 47739729 Establish hospitals and medical programs and also provide funding to construct and operate children's hospital in developing countries such as Kenya, Ethiopa, Malawi, Niger, Uganda, Zambia, Afghanistan, United Arab Emirates, Dominican Republic, and the Philippines. 69239269 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 1 0 1 1 1 0 1 1 0 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 1 X 42 0 1 59 1 0 1 AE AF DR ET HO KE MI NG RP UG ZA 0 0 0 1 1 0 0 0 0 0 0 X 14 13 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AR CA CO CT FL GA HI IL KS KY ME MD MA MI MN MO MS NC ND NH NJ NM NV NY OH OK OR PA RI SC TN UT VA WA WI WV X X David Helman 6165123105 17011 Hickory Street Spring Lake MI 49456 Jerry Tubergen Chairman 2.00 X X 0 0 0 Roger Spoelman President & CEO 25.00 X X 0 0 0 Edward L Stillman Treasurer 0.80 X X 0 0 0 Chris Tomlin Director 0.80 X 0 0 0 Dennis R Schlosser Director 0.80 X 0 0 0 Dr Benjamin Warf Director 1.80 X 0 0 0 Joseph Stowell Director 0.80 X 0 0 0 Judy Bellig Director 0.80 X 0 0 0 Luke Niewenhuis Director 0.80 X 0 0 0 Marcia Lanoha Director 0.80 X 0 0 0 Marilyn Quayle Director 0.80 X 0 0 0 Mike Houskamp Director 0.80 X 0 0 0 Peter Schulze Director 0.80 X 0 0 0 Tom Carter Director 0.80 X 0 0 0 Lew Cirne Director (part year) 0.80 X 0 0 0 Nancy Richardson Director (part year) 0.80 X 0 0 0 David Helman Finance Director 40.00 X 103257 0 12271 Brian Van Hall Chief Operating Officer, Secretary 40.00 X 168113 0 8657 Greg Bellig Chief Medical Officer 40.00 X 193089 0 38186 Brant Hansen Storyteller 40.00 X 132581 0 30918 597040 0 90032 4 0 1 0 Non-Profit DNA 5914 Brookside Blvd Kansas City MO 64113 Marketing and Development 102000 1 1677787 214040 21265814 786214 23157641 Patient Revenue 900099 47039359 47039359 47039359 49970 49970 855373 895351 -39978 -39978 -39978 345963 1677787 615781 -269818 -269818 Amortization Income 900099 297330 297330 700370 700370 997700 70934874 47739729 0 37504 5086611 5086611 580891 310631 114862 155398 32127186 27190905 3770025 1166256 939456 789219 98740 51497 6852287 5777382 671742 403163 775672 630782 54364 90526 374953 203992 170961 165336 22991 142345 138750 138750 2949297 2316173 108245 524879 1109821 282078 1906 825837 979525 421989 414675 142861 720905 393011 206131 121763 2663310 2413768 247415 2127 1695787 1330531 302107 63149 638087 99802 58994 479291 955719 955719 11586494 9993445 1593049 415142 361277 53865 Hospital supplies 8471457 8471457 Repairs/maintenance 2673432 2281322 392110 Bad debt expense 134814 65678 69136 889490 796225 26980 66285 82924422 69239269 9453371 4231782 X 1387106 3166190 7240527 3913931 5585824 2639433 9894907 15400441 2652135 2233683 1410976 1487363 138918936 72960463 76107677 65958473 6093 5928 24521750 24280897 128806995 119086339 11187206 12826075 6507744 6343921 7521022 6188603 220096 0 2671125 4463361 28107193 29821960 X 68357977 61021198 32341825 28243181 100699802 89264379 128806995 119086339 X -11989548 491217 62908 X X 0 1 X 1 0 X 21315657 23035192 21717296 21722765 23157641 110948551 21315657 23035192 21717296 21722765 23157641 110948551 22641181 88307370 9579 3274 34122 40806 49970 137751 222140 1501224 1849247 1563318 1282694 6418623 117504925 165431650 0.75150 0.81190 X Schedule A, Part II, Line 10, Explanation of Other Income: Other income - 2014 Amount: $ 10,675. 2015 Amount: $ 1,175,664. 2016 Amount: $ 1,532,269. 2017 Amount: $ 1,263,483. 2018 Amount: $ 936,731. Fundraising events - 2014 Amount: $ 211,465. 2015 Amount: $ 325,560. 2016 Amount: $ 316,978. 2017 Amount: $ 299,835. 2018 Amount: $ 345,963. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 51376 51376 77526286 21800812 55725474 61341274 51159651 10181623 65958473 Unconditional promise to give - assets 23823015 Assets held for sale 454004 Other current assets 3878 24280897 Severance Payable 4463361 4463361 1 Middle East and North Africa 1 485 Program Services Hospital Operations 48837866 Sub-Saharan Africa 6 722 Program Services Hospital Operations 12135541 Sub-Saharan Africa 0 0 Grants to recipients located in region 3287075 South Asia 1 65 Program Services Hospital Operations/Clinics 2577772 South Asia 0 0 Grants to recipients located in region 907538 East Asia and the Pacific 1 314 Program Services Hospital Operations 1565436 East Asia and the Pacific 0 0 Grants to recipients located in region 774938 Central America and the Caribbean 1 3 Program Services Hospital Operations/Clinics 378884 Central America and the Caribbean 0 0 Grants to recipients located in region 117060 10 1589 0 0 10 1589 70465050 117060 70582110 Central America and the Caribbean Ministry support 89790 Wire/check Central America and the Caribbean Ministry support 27270 Wire/check East Asia and the Pacific Ministry support 395368 Wire/check South Asia Ministry support 300000 Wire/check 607538 Equipment and Supplies South Asia Ministry support 379570 Wire/check Sub-Saharan Africa Ministry support 789456 Wire/check Sub-Saharan Africa Ministry support 1122865 Wire/check Sub-Saharan Africa Ministry support 20971 Wire/check Sub-Saharan Africa Ministry support 8397 Wire/check Sub-Saharan Africa Ministry support 80030 Wire/check Sub-Saharan Africa Ministry support 65921 Wire/check Sub-Saharan Africa Ministry support 43907 Wire/check Sub-Saharan Africa Ministry support 83500 Wire/check Sub-Saharan Africa Ministry support 125573 Wire/check Sub-Saharan Africa Ministry support 64918 Wire/check Sub-Saharan Africa Ministry support 864208 Wire/check 16 0 0 0 0 0 0 1 Part I, Line 2: The organization directs the activities of all the grantees that receive funds. CURE receives monthly financial and statistical information from each grantee with supporting documentation that ensures the activities and spending are in accordance with the grant goals and objectives. Additionally, this information includes a comparison of actual to budgeted report that is monitored and inquiries are made when expenditures are made outside of the prescribed budget. Part I, line 3: Expenditures are accounted for using the accrual basis of accounting. X X X X X X X 1 Velocity Production PO Box 1169 Cumming GA 30028 AV Services 0 0 36750 -36750 Non-Profit DNA 5914 Brookside Blvd Kansas City MO 64113 Fundraising activities and strategy 0 0 102000 -102000 138750 -138750 AK AL AR CA CT CO FL GA HI IL KS KY MA MD ME MI MN MS NC ND NH NJ NM NV NY OH OK OR PA RI SC TN UT VA WA WI WV 2018 President's Weekend 2023750 1677787 345963 219862 241422 37300 117197 2023750 1677787 345963 219862 241422 37300 117197 615781 -269818 Schedule G, Part I, Line 2b, column (iv): The professional fundraising services were consulting in nature, no gross receipts were directly generated from the services provided. X X X X X 0 1 0 0 0 0 0 0 0 Brian Van Hall Chief Operating Officer, Secretary 168113 0 0 0 0 0 8406 0 1991 0 178510 0 0 0 Greg Bellig Chief Medical Officer 193089 0 0 0 0 0 9654 0 30272 0 233015 0 0 0 Brant Hansen Storyteller 132581 0 0 0 0 0 6629 0 26029 0 165239 0 0 0 Part I, Line 4b Roger Spoelman and Cure International, Inc. have entered into a nonqualified deferred compensation arrangement agreement which provides that Roger Spoelman will receive a payment of $200,000 on or before April 30, 2021 if he remains continuously employed by Cure International, Inc. through March 16, 2021. Greg Bellig Family member of Judy Bellig, Director 239551 Compensation and benefits 0 X 6 66496 Selling price X 60 719718 Cost 0 0 0 0 Part I, Column (b): The number of contributions represent the number of contributions received, not the number of items donated. Schedule M, Part I, Line 31 The organization is in the process of implementing a gift acceptance policy. This question will be answered "yes" on the 6/30/2020 tax return. Form 990, Part VI, Section A, line 2 Judy Bellig, Director and Greg Bellig, Chief Medical Officer have a family relationship. Form 990, Part VI, Section B, line 11b Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. The reviewed Form 990 is then provided to the board of directors prior to filing with the IRS. Form 990, Part VI, Section B, line 12c Each director, principal officer, member, and key employee shall annually sign a statement which affirms that such person: (a) has received a copy of the conflict of interest policy; (b) has read and understands the policy; (c) has agreed to comply with this policy, and (d) understands that the corporation is a charitable organization and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. Form 990, Part VI, Section B, line 15 An industry compensation survey is utilized to determine the compensation of the organization's officers and key employees. Compensation is approved by independent board members during the budget approval process and is documented in the board minutes. Form 990, Part VI, Section C, line 19 The organization's financial statements are available to the public on the organization's web site. The governing documents and conflict of interest policy are made available upon request. Form 990, Part X, Lines 27-29: In accordance with the principles of FASB ASU 2016-14 (ASC 958),the organization has implemented required changes to its audited financial statements for the period ended 6/30/2019. To date, Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Part X, Lines 27-29: Line 27 - Net assets without donor restrictions $61,021,198 Line 29 - Net assets with donor restrictions $28,243,181 Total net assets $89,264,379 Form 990, Part XI, line 9: Gain on foreign currency exchange 62,908. Form 990, Part XII, Line 2c: The organization's Board assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year. Beit Cure Hospital of Zambia PO Box 36961 Lusaka ZA Hospital ZA 501(c)(3) Line 7 N/A 0 Tebow Cure Hospital Banawe St Cor JP Laurel Brgy W A City RP Hospital RP 501(c)(3) Line 7 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Beit Cure Hospital of Zambia B Tebow Cure Hospital B