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← NORTH CAROLINA HOME BUILDERS ASSOC EDUCATIONAL & CHARITABLE FOUNDATIO

Form 990 for tax year 2024

Filed by NORTH CAROLINA HOME BUILDERS ASSOC EDUCATIONAL & CHARITABLE FOUNDATIO.

Totals

Total revenue
$3,530,474
Total expenses
$3,340,618
Contributions and grants received
$3,452,282
Grants paid
$196,126
Program service revenue
$0
Investment income
$56,135
Other revenue
$22,057
Total assets, end of year
$3,915,587
Total liabilities, end of year
$238,316
Net assets or fund balances, end of year
$3,677,271
Program services expenses (Part IX)
$3,169,171
Management and general expenses
$171,447
Fundraising expenses
$0
Program service expenses (Part III)
$3,169,171

Program services were 94.9% 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)

    $2,806,949

  • 1f · All other contributions, gifts and grants

    $645,333

  • 3 · Investment income

    total $56,073 · excluded $56,073

  • 7a · Gross sales of assets other than inventory

    securities $1,272,619

  • 7b · Less cost or other basis and sales expenses

    securities $1,272,557

  • 7c · Gain or loss

    securities $62

  • 7d · Net gain or loss

    total $62 · excluded $62

  • 8a · Fundraising events: gross income

    $40,570

  • 8b · Fundraising events: direct expenses

    $18,513

  • 8c · Net income from fundraising events

    total $22,057 · excluded $22,057

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $140,126 · program services $140,126

  • 2 · Grants to domestic individuals

    total $56,000 · program services $56,000

  • 11a · Fees: management

    total $48,000 · management and general $48,000

  • 11c · Fees: accounting

    total $22,000 · management and general $22,000

  • 11f · Fees: investment management

    total $6,791 · management and general $6,791

  • 12 · Advertising and promotion

    total $16,740 · management and general $16,740

  • 13 · Office expenses

    total $4,232 · management and general $4,232

  • 14 · Information technology

    total $95 · program services $95

  • 22 · Depreciation, depletion and amortization

    total $363,750 · program services $363,750

  • 23 · Insurance

    total $10,871 · management and general $10,871

  • 24a · Other expenses: MOBILE WORKSHOP

    total $2,524,468 · program services $2,524,468

  • 24b · Other expenses: SIMULATOR EXPERIENCES

    total $84,732 · program services $84,732

  • 24c · Other expenses: ADMINISTRATIVE EXPENSES

    total $52,813 · management and general $52,813

  • 24d · Other expenses: LICENSING

    total $10,000 · management and general $10,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,307,150 · end of year $228,481

  • 2 · Savings and temporary cash investments

    beginning of year $16,291 · end of year $453,567

  • 3 · Pledges and grants receivable

    end of year $227,005

  • 4 · Accounts receivable

    beginning of year $6,391 · end of year $122,351

  • 9 · Prepaid expenses and deferred charges

    beginning of year $651,874 · end of year $23,977

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

    $2,312,917

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

    $791,618

  • 10c · Land, buildings and equipment, net

    beginning of year $1,851,716 · end of year $1,521,299

  • 12 · Investments: other securities

    beginning of year $1,369,775 · end of year $1,333,351

  • 15 · Other assets

    beginning of year $38,889 · end of year $5,556

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,560 · end of year $26,752

  • 19 · Deferred revenue

    beginning of year $1,752,571 · end of year $200,000

  • 25 · Other liabilities

    beginning of year $11,379 · end of year $11,564

  • 27 · Net assets without donor restrictions

    beginning of year $3,475,576 · end of year $3,433,291

  • 28 · Net assets with donor restrictions

    end of year $243,980

Mission and programs · 2024

Mission

THE PURPOSE IS TO PROVIDE EDUCATIONAL SCHOLARSHIPS FOR THE HOME BUILDING INDUSTRY AND TO PROVIDE DISASTER RELIEF AND OTHER CHARITABLE ACTIVITIES.

Activities or mission (Part I)

TO PROVIDE EDUCATION AND DISASTER RELIEF FUNDS.

  • THE FOUNDATION AWARDS SCHOLARSHIPS BASED ON A COMBINATION OF NEED AND MERIT TO FOUR-YEAR COLLEGE STUDENTS ENTERING THEIR JUNIOR OR SENIOR YEAR AND TECHNICAL SCHOOL STUDENTS ENTERING THEIR SECOND YEAR WHO HAVE DECLARED THEIR MAJOR IN A CONSTRUCTION RELATED FIELD.

    Expenses $3,169,171 · Grants $196,126

As filed on the 2024 return.

Listed in Part VII

  • Brandon Bryant

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Cody Byrd

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Richard Gephart

    FIRST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Charlene Allen

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Thomas McClain

    PRESIDENT ELECT

    Total calculated
    $0
    Hours/week
    1 + 1 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.

Grants 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
2024
Filed
29 October 2025
IRS schema version
2024v5.2
Source object
202523029349300107

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