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Nonprofiteer
← NORTH CAROLINA TRUCKING ASSOCIATION FOUNDATION

Form 990 for tax year 2022

Filed by NORTH CAROLINA TRUCKING ASSOCIATION FOUNDATION.

Totals

Total revenue
$279,166
Total expenses
$121,485
Contributions and grants received
$262,548
Grants paid
$2,500
Program service revenue
$0
Investment income
$4,982
Other revenue
$11,636
Total assets, end of year
$495,771
Total liabilities, end of year
$185,110
Net assets or fund balances, end of year
$310,661
Program services expenses (Part IX)
$87,588
Management and general expenses
$33,897
Fundraising expenses
$0
Program service expenses (Part III)
$87,588

Program services were 72.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $257,048

  • 1f · All other contributions, gifts and grants

    $5,500

  • 3 · Investment income

    total $4,982 · excluded $4,982

  • 8a · Fundraising events: gross income

    $13,145

  • 8b · Fundraising events: direct expenses

    $1,509

  • 8c · Net income from fundraising events

    total $11,636 · excluded $11,636

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,500 · program services $2,500

  • 7 · Other salaries and wages

    total $15,090 · program services $6,719 · management and general $8,371

  • 11b · Fees: legal

    total $5,348 · program services $5,348

  • 11c · Fees: accounting

    total $12,819 · management and general $12,819

  • 11f · Fees: investment management

    total $1,125 · management and general $1,125

  • 11g · Fees: other

    total $73,846 · program services $68,370 · management and general $5,476

  • 12 · Advertising and promotion

    total $368 · management and general $368

  • 13 · Office expenses

    total $1,982 · program services $1,224 · management and general $758

  • 14 · Information technology

    total $1,695 · program services $1,172 · management and general $523

  • 16 · Occupancy

    total $1,730 · management and general $1,730

  • 17 · Travel

    total $2,061 · program services $2,061

  • 23 · Insurance

    total $361 · management and general $361

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $1,326 · management and general $1,326

  • 24b · Other expenses: TAXES & LICENSES

    total $670 · management and general $670

  • 24c · Other expenses: OTHER EXPENSE

    total $564 · program services $194 · management and general $370

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $66,563 · end of year $214,928

  • 2 · Savings and temporary cash investments

    beginning of year $1,637 · end of year $1,179

  • 11 · Investments: publicly traded securities

    beginning of year $122,991 · end of year $103,714

  • 15 · Other assets

    beginning of year $0 · end of year $175,950

  • 19 · Deferred revenue

    beginning of year $0 · end of year $161,202

  • 25 · Other liabilities

    beginning of year $14,617 · end of year $23,908

  • 27 · Net assets without donor restrictions

    beginning of year $176,574 · end of year $310,661

Mission and programs · 2022

Mission

TO PROMOTE TRUCKING EDUCATION AND SAFETY IN THE STATE OF NORTH CAROLINA.

  • SELECT NORTH CAROLINA PROFESSIONAL TRUCK DRIVERS TO REPRESENT THE FOUNDATION TO PROMOTE HIGHWAY SAFETY AND INFORM THE GENERAL PUBLIC ABOUT THE TRUCKING INDUSTRY.

    Expenses $82,299

  • TO ASSIST THE WORK OF CHARITABLE, EDUCATIONAL, LITERARY OR SCIENTIFIC ORGANIZATIONS.

    Expenses $4,173 · Grants $2,500

  • TO FOSTER AND PROMOTE SCHOLARSHIP ASSISTANCE TO APPLICANTS PURSUING A CAREER IN THE TRUCKING INDUSTRY.

    Expenses $1,116

  • SELECT NORTH CAROLINA PROFESSIONAL TRUCK DRIVERS TO REPRESENT THE FOUNDATION TO PROMOTE HIGHWAY SAFETY AND INFORM THE GENERAL PUBLIC ABOUT THE TRUCKING INDUSTRY.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dennis Robbins

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Grover Ezzell

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jeff Wilson

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Archie Wood

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lance Collette

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Scott Lassiter

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Sam Faucette

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202343199349322904

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