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Nonprofiteer
← ACTION GREENSBORO

Form 990 for tax year 2024

Filed by ACTION GREENSBORO.

Totals

Total revenue
$1,527,507
Total expenses
$1,359,041
Contributions and grants received
$1,423,134
Grants paid
$145,000
Program service revenue
$795
Investment income
$101,998
Other revenue
$1,580
Total assets, end of year
$7,396,792
Total liabilities, end of year
$23,201
Net assets or fund balances, end of year
$7,373,591
Program services expenses (Part IX)
$1,183,944
Management and general expenses
$111,616
Fundraising expenses
$63,481
Program service expenses (Part III)
$1,183,944

Program services were 87.1% 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.

  • 1d · Related organizations

    $35,000

  • 1e · Government grants (contributions)

    $238,500

  • 1f · All other contributions, gifts and grants

    $1,149,634

  • 2a · Program service revenue: YOUNG PROFESSIONALS

    total $795 · related or exempt $795

  • 3 · Investment income

    total $101,998 · excluded $101,998

  • 11a · Other revenue: INCOME FROM LLC K-1

    total $1,300 · excluded $1,300

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $280 · excluded $280

  • 11e · Other revenue, total

    $1,580

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $145,000 · program services $145,000

  • 5 · Compensation of officers, directors and key employees

    total $165,649 · program services $106,952 · management and general $26,527 · fundraising $32,170

  • 7 · Other salaries and wages

    total $255,798 · program services $217,965 · management and general $23,365 · fundraising $14,468

  • 9 · Other employee benefits

    total $43,662 · program services $33,798 · management and general $4,977 · fundraising $4,887

  • 10 · Payroll taxes

    total $28,820 · program services $22,309 · management and general $3,285 · fundraising $3,226

  • 11a · Fees: management

    total $72,000 · program services $48,568 · management and general $17,574 · fundraising $5,858

  • 11c · Fees: accounting

    total $15,300 · program services $10,321 · management and general $3,734 · fundraising $1,245

  • 11g · Fees: other

    total $20,000 · program services $13,491 · management and general $4,882 · fundraising $1,627

  • 13 · Office expenses

    total $15,858 · program services $10,625 · management and general $5,233

  • 14 · Information technology

    total $13,658 · program services $9,151 · management and general $4,507

  • 16 · Occupancy

    total $41,842 · program services $28,034 · management and general $13,808

  • 17 · Travel

    total $5,473 · program services $2,737 · management and general $2,736

  • 19 · Conferences, conventions and meetings

    total $1,593 · program services $796 · management and general $797

  • 23 · Insurance

    total $578 · program services $387 · management and general $191

  • 24a · Other expenses: CAMPUS GREENSBORO

    total $268,161 · program services $268,161

  • 24b · Other expenses: YOUNG PROFESSIONALS

    total $153,482 · program services $153,482

  • 24c · Other expenses: MADE IN GREENSBORO

    total $66,654 · program services $66,654

  • 24d · Other expenses: CENTER CITY

    total $44,263 · program services $44,263

  • 24e · All other expenses

    total $1,250 · program services $1,250

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $206,594 · end of year $154,647

  • 2 · Savings and temporary cash investments

    beginning of year $2,346,680 · end of year $2,198,383

  • 3 · Pledges and grants receivable

    beginning of year $146,745 · end of year $142,500

  • 4 · Accounts receivable

    beginning of year $375,128 · end of year $475,224

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,545 · end of year $5,620

  • 10a · Land, buildings and equipment: cost or other basis

    $4,382,785

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,992

  • 10c · Land, buildings and equipment, net

    beginning of year $4,101,486 · end of year $4,375,793

  • 12 · Investments: other securities

    beginning of year $30,264 · end of year $30,264

  • 15 · Other assets

    beginning of year $48,275 · end of year $14,361

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,017 · end of year $8,840

  • 25 · Other liabilities

    beginning of year $48,275 · end of year $14,361

  • 27 · Net assets without donor restrictions

    beginning of year $4,287,890 · end of year $4,589,713

  • 28 · Net assets with donor restrictions

    beginning of year $2,918,535 · end of year $2,783,878

Mission and programs · 2024

Mission

TO IMPROVE URBAN LIVABILITY, CIVIC ENGAGEMENT, K-12 EDUCATIONAL ADVANCEMENT, AND INITIATIVES TO ATTRACT AND RETAIN COLLEGE AND YOUNG PROFESSIONAL TALENT, IN ORDER TO ENHANCE THE CITY'S ECONOMY AND QUALITY OF LIFE.

Activities or mission (Part I)

TO IMPROVE URBAN LIVABILITY, CIVIC ENGAGEMENT, K-12 EDUCATIONAL ADVANCEMENT, AND INITIATIVES TO ATTRACT AND RETAIN YOUNG PROFESSIONALS, IN ORDER TO ENHANCE THE CITY'S ECONOMY AND QUALITY OF LIFE.

  • CAMPUS GREENSBORO FELLOWS PROGRAM - OFFERS HIGH-QUALITY, PAID INTERNSHIP OPPORTUNITIES FROM A POOL OF DIVERSE LOCAL CORPORATIONS AND ORGANIZATIONS TO MATCH EMERGING STUDENTS IN PARALLEL FIELDS TO MEET LOCAL INDUSTRY INTERNSHIP NEEDS.

    Expenses $521,331

  • YOUNG PROFESSIONALS - SEEKS TO CONNECT AND DEVELOP THE NEXT GENERATION OF LEADERS IN GREENSBORO. PROMOTES SOCIAL AND PROFESSIONAL NETWORKING, LEADERSHIP OPPORTUNITIES, AND SERVES AS A CLEARINGHOUSE FOR INFORMATION FOR YOUNG ADULTS. DESIGNED TO ATTRACT, ENGAGE, AND CONNECT YOUNG ADULTS TO GREENSBORO. RECRUITS YOUNG TALENT BACK TO GREENSBORO THROUGH THE BOOMERANG GREENSBORO PROGRAM TO FUEL THE LOCAL WORKFORCE.

    Expenses $298,384 · Revenue $795

  • BUSINESS & INDUSTRY - OFFERS MULTIPLE PROJECTS, INCLUDING THE SALES TAX FOR EDUCATORS CAMPAIGN, AND INCLUDING SUPPORT OF FAMILY FORWARD NC.

    Expenses $234,648 · Grants $145,000

  • MADE IN GREENSBORO - CREATED TO MARKET AND PROMOTE GREENSBORO WITH A MARKETING CAMPAIGN AND SOCIAL MEDIA TO TELL STORIES ABOUT OUR MAKERS, I.E. INNOVATIVE THINKERS AND DOERS.

    Expenses $129,581

  • CENTER CITY - ESTABLISHED DUE TO CONCERNS THAT THE HEART OF DOWNTOWN WAS DETERIORATING LEADING TO A LACK OF COMMUNITY PRIDE AND PROVIDING ONE OR MORE DETERRENTS TO INVESTMENTS IN THE COMMUNITY.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sherri Thomas

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Stafford Thompson Jr

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Ivan Canada

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Edwards

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Beth Fischer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Preston Hammock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jada Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Nancy King Quaintance

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Cc Lamberth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Wanda Lea

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mindy Oakley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kim Reed

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Clifford Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michael Halford

    EX OFFICIO

    Total calculated
    $0
    Hours/week
    2

  • Trey Davis III

    EX OFFICIO

    Total calculated
    $0
    Hours/week
    2

  • Cecelia Thompson

    EXECUTIVE DIRECTOR

    Total calculated
    $165,649
    From this org
    $149,700
    From related orgs
    $0
    Other
    $15,949
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,900
    Bonus
    $0
    Other
    $4,800
    Deferred
    $10,143
    Nontaxable benefits
    $5,806
    Filer's total
    $165,649

  • James B Christensen

    PRESIDENT/CEO

    Total calculated
    $422,675
    From this org
    $0
    From related orgs
    $392,879
    Other
    $29,796
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $287,000 related
    Bonus
    $0 + $55,720 related
    Other
    $0 + $50,159 related
    Deferred
    $0 + $23,990 related
    Nontaxable benefits
    $0 + $5,806 related
    Filer's total
    $0 + $422,675 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • GUILFORD EDUCATION ALLIANCE

    $145,000

    TO SUPPORT THE SALES TAX FOR EDUCATORS BOND REFERENDUM.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • GREENSBORO DOWNTOWN GREENWAY LLC

    GREENWAY CONSTRUCTION IN PROGRESS · NC · income $132,689 · assets $6,280,978

Provenance

Return type
form_990
Tax year
2024
Filed
9 May 2025
IRS schema version
2024v5.1
Source object
202531339349303408

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