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Nonprofiteer
← CUMBERLAND COMMUNITY FOUNDATION INC

Form 990 for tax year 2023

Filed by CUMBERLAND COMMUNITY FOUNDATION INC.

Totals

Total revenue
$12,454,210
Total expenses
$8,746,051
Contributions and grants received
$7,916,678
Grants paid
$7,472,893
Program service revenue
$0
Investment income
$4,272,254
Other revenue
$265,278
Total assets, end of year
$134,526,751
Total liabilities, end of year
$14,461,304
Net assets or fund balances, end of year
$120,065,447
Program services expenses (Part IX)
$8,122,556
Management and general expenses
$344,614
Fundraising expenses
$278,881
Program service expenses (Part III)
$8,122,556

Program services were 92.9% 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.

  • 1f · All other contributions, gifts and grants

    $7,916,678

  • 1g · Noncash contributions included above

    $1,938,939

  • 3 · Investment income

    total $4,272,254 · related or exempt $4,272,254

  • 11a · Other revenue: MANAGEMENT FEES

    total $164,124 · related or exempt $164,124

  • 11b · Other revenue: OTHER INCOME

    total $101,154 · related or exempt $101,154

  • 11e · Other revenue, total

    $265,278

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,876,537 · program services $6,876,537

  • 2 · Grants to domestic individuals

    total $596,356 · program services $596,356

  • 5 · Compensation of officers, directors and key employees

    total $717,750 · program services $388,700 · management and general $175,874 · fundraising $153,176

  • 9 · Other employee benefits

    total $86,265 · program services $46,067 · management and general $22,044 · fundraising $18,154

  • 10 · Payroll taxes

    total $53,994 · program services $28,834 · management and general $13,797 · fundraising $11,363

  • 11c · Fees: accounting

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

  • 13 · Office expenses

    total $17,380 · program services $617 · management and general $15,862 · fundraising $901

  • 14 · Information technology

    total $63,766 · program services $26,492 · management and general $21,401 · fundraising $15,873

  • 16 · Occupancy

    total $119,775 · program services $95,819 · management and general $11,978 · fundraising $11,978

  • 17 · Travel

    total $14,460 · program services $3,829 · management and general $7,238 · fundraising $3,393

  • 19 · Conferences, conventions and meetings

    total $88,074 · program services $33,959 · management and general $14,376 · fundraising $39,739

  • 22 · Depreciation, depletion and amortization

    total $6,882 · program services $2,294 · management and general $2,294 · fundraising $2,294

  • 23 · Insurance

    total $17,140 · management and general $17,140

  • 24a · Other expenses: PRINTING AND PUBLICATIO

    total $30,759 · program services $16,903 · management and general $1,411 · fundraising $12,445

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $16,425 · program services $3,969 · management and general $9,023 · fundraising $3,433

  • 24c · Other expenses: POSTAGE AND SHIPPING

    total $5,604 · program services $1,223 · management and general $2,456 · fundraising $1,925

  • 24d · Other expenses: EQUIPMENT RENTAL

    total $4,907 · program services $0 · management and general $4,907 · fundraising $0

  • 24e · All other expenses

    total $7,977 · program services $957 · management and general $2,813 · fundraising $4,207

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $866,565 · end of year $1,126,918

  • 4 · Accounts receivable

    beginning of year $1,449 · end of year $2,439

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

    $192,331

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

    $177,873

  • 10c · Land, buildings and equipment, net

    beginning of year $143,751 · end of year $14,458

  • 11 · Investments: publicly traded securities

    beginning of year $104,423,336 · end of year $115,289,909

  • 12 · Investments: other securities

    beginning of year $15,812,885 · end of year $18,088,527

  • 13 · Investments: program-related

    beginning of year $4,500 · end of year $4,500

  • 18 · Grants payable

    beginning of year $1,967,924 · end of year $1,781,060

  • 25 · Other liabilities

    beginning of year $11,374,445 · end of year $12,680,244

  • 27 · Net assets without donor restrictions

    beginning of year $37,400,101 · end of year $47,872,832

  • 28 · Net assets with donor restrictions

    beginning of year $70,510,016 · end of year $72,192,615

Mission and programs · 2023

Mission

OUR MISSION IS GIVING TOGETHER TO ENHANCE THE QUALITY AND SPIRIT OF COMMUNITY LIFE. OUR VISION IS A VIBRANT, INCLUSIVE COMMUNITY THAT PROVIDES SUSTAINABLE OPPORTUNITIES FOR GENERATIONS. WE BELIEVE IN : 1) TRUSTWORTHY, ACCOUNTABLE STEWARDSHIP OF ALL CHARITABLE RESOURCES; 2) THE POWER OF COLLECTIVE GIVING TO SUPPORT COMMUNITY NEEDS AND OPPORTUNITIES; 3) ENGAGING OUR DIVERSE COMMUNITY TO IMPROVE THE QUALITY AND SPIRIT OF COMMUNITY LIFE; 4) BUILDING ENDOWMENTS TO SUSTAIN DONOR INTENT AND ACHIEVE COMMUNITY CHANGE FOR THE LONG TERM; AND 5) CONTINUOUS IMPROVEMENT TO ACHIEVE EXCELLENCE IN ALL ASPECTS OF OUR WORK.

Activities or mission (Part I)

FACILITATE, ENCOURAGE, AND GROW PHILANTHROPY FOR DIVERSE CAUSES TO IMPROVE THE QUALITY OF LIFE FOR ALL IN CUMBERLAND COUNTY, NC.

  • CUMBERLAND COMMUNITY FOUNDATION (CCF) FACILITATES AND ENCOURAGES PHILANTHROPY IN CUMBERLAND COUNTY, NORTH CAROLINA THROUGH GRANT MAKING, SCHOLARSHIPS, ENDOWMENT BUILDING FOR DIVERSE CAUSES, COMMUNITY LEADERSHIP, AND NONPROFIT TRAINING. DURING FISCAL YEAR 2023-2024, CCF MADE SCHOLARSHIPS AND GRANTS TOTALING $7,472,893 TO SUPPORT STUDENTS AND PROGRAMS IN EDUCATION, HUMAN SERVICES, YOUTH, HEALTH, ENVIRONMENT, HISTORICAL PRESERVATION, ARTS AND CULTURE, ECONOMIC EMPOWERMENT, AND OTHER TYPES OF CHARITABLE PROGRAMS. CCF PROVIDES COMMUNITY LEADERSHIP THROUGH TRAINING AND TECHNICAL ASSISTANCE FOR LOCAL NONPROFIT ORGANIZATIONS, FUNDRAISING CAMPAIGNS FOR DIVERSE ORGANIZATIONS, CONVENINGS TO BUILD COLLABORATION AND IMPACT, DONOR EDUCATION EVENTS, AND SERVICE ON COMMUNITYWIDE PROJECTS THAT IMPROVE THE QUALITY OF LIFE IN MANY AREAS.

    Expenses $8,122,556 · Grants $7,472,893

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gail A Riddle

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Frank R Lopes Jr

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Carol L Dickey

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Wc Powers

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Janet M Prewitt

    ASST. TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Vera L Bell

    ASST. TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Larry Bass Jr

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1

  • Jerial H Bogan

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1

  • Bruce G Dantzler

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1

  • John Healy

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Keever

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1

  • Amy Perko

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1

  • Kelly D Puryear

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1

  • Emily K Schaefer

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1

  • Melissa Smith

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1

  • Brenda Sparks

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1

  • Myrtle Alston Summers

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1

  • Jabbar Surles

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1

  • Lockett Tally

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1

  • Joseph Vonnegut

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1

  • Max J Weinstein

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1

  • Mary Holmes

    PRESIDENT/CEO

    Total calculated
    $196,000
    From this org
    $196,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $196,000

  • Mary Anne Brooks

    CHIEF FINANCIAL OFFICER

    Total calculated
    $135,446
    From this org
    $135,446
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

The 10 largest by cash amount. The API serves every itemized grant.

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
2023
Filed
23 October 2024
IRS schema version
2023v5.1
Source object
202403199349313380

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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