Totals
- Total revenue
- $509,379
- Total expenses
- $304,772
- Contributions and grants received
- $0
- Grants paid
- $262,912
- Program service revenue
- $0
- Investment income
- $509,379
- Other revenue
- $0
- Total assets, end of year
- $5,913,609
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $5,913,609
- Program services expenses (Part IX)
- $282,087
- Management and general expenses
- $22,685
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $282,087
Program services were 92.6% 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.
-
3 · Investment income
total $156,470 · excluded $156,470
-
7a · Gross sales of assets other than inventory
securities $2,202,824
-
7b · Less cost or other basis and sales expenses
securities $1,849,915
-
7c · Gain or loss
securities $352,909
-
7d · Net gain or loss
total $352,909 · excluded $352,909
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $262,912 · program services $262,912
-
5 · Compensation of officers, directors and key employees
total $38,350 · program services $19,175 · management and general $19,175
-
11c · Fees: accounting
total $1,500 · management and general $1,500
-
24a · Other expenses: FOREIGN TAXES PAID
total $2,010 · management and general $2,010
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $62,581 · end of year $39,188
-
11 · Investments: publicly traded securities
beginning of year $5,640,754 · end of year $5,874,421
-
29 · Capital stock, trust principal or current funds
beginning of year $5,703,335 · end of year $5,913,609
Mission and programs · 2024
Mission
CHARITABLE, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES BY CONTRIBUTIONS DULY AUTHORIZED
-
SUPPORT FOR DURHAM ACADEMY
Expenses $70,568 · Grants $65,771
-
SUPPORT FOR HILL CENTER
Expenses $140,951 · Grants $131,370
-
SUPPORT FOR THE UNIVERSITY OF NC AT CHAPEL HILL
Expenses $70,568 · Grants $65,771
As filed on the 2024 return.
Listed in Part VII
-
Michael Ulku-SteinerMICHAEL ULKU-STEINER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mike GiarlaMIKE GIARLA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
David BoliekDAVID BOLIEK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer HollingsworthJENNIFER HOLLINGSWORTH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Martin SatherMARTIN SATHER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Adam BraudeADAM BRAUDE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Nate KnuffmanNATE KNUFFMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Truist BankTRUIST BANK
TRUSTEE
- Total calculated
- $38,349
- From this org
- $38,349
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
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
-
$131,370
GENERAL OPERATING
-
$65,771
GENERAL OPERATING
-
UNIVERSITY OF NC AT CHAPEL HILL
$65,771
GENERAL OPERATING
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.
-
501(C)(3) · EDUCATION · NC
-
501(C)(3) · EDUCATION · NC
-
UNIVERSITY OF NC AT CHAPEL HILL
501(C)(3) · EDUCATION · NC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 18 April 2025
- IRS schema version
- 2024v5.1
- Source object
- 202501129349300820
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