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Nonprofiteer
← THE NORTH CAROLINA HOMES FOR THE AGING FOUNDATION INC

Form 990 for tax year 2024

Filed by THE NORTH CAROLINA HOMES FOR THE AGING FOUNDATION INC.

Totals

Total revenue
$1,444,540
Total expenses
$511,798
Contributions and grants received
$1,300,680
Grants paid
$425,500
Program service revenue
$0
Investment income
$143,860
Other revenue
$0
Total assets, end of year
$4,033,858
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,033,858
Program services expenses (Part IX)
$508,357
Management and general expenses
$3,441
Fundraising expenses
$0
Program service expenses (Part III)
$508,357

Program services were 99.3% 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

    $1,300,680

  • 3 · Investment income

    total $62,933 · excluded $62,933

  • 7a · Gross sales of assets other than inventory

    securities $2,212,861

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

    securities $2,131,934

  • 7c · Gain or loss

    securities $80,927

  • 7d · Net gain or loss

    total $80,927 · excluded $80,927

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $208,000 · program services $208,000

  • 2 · Grants to domestic individuals

    total $217,500 · program services $217,500

  • 11f · Fees: investment management

    total $3,369 · management and general $3,369

  • 11g · Fees: other

    total $72,857 · program services $72,857

  • 13 · Office expenses

    total $72 · management and general $72

  • 19 · Conferences, conventions and meetings

    total $10,000 · program services $10,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $98,636 · end of year $53,333

  • 2 · Savings and temporary cash investments

    beginning of year $100,005 · end of year $119,838

  • 3 · Pledges and grants receivable

    beginning of year $30,000 · end of year $851,856

  • 11 · Investments: publicly traded securities

    beginning of year $2,620,100 · end of year $3,008,831

  • 27 · Net assets without donor restrictions

    beginning of year $2,737,356 · end of year $3,072,293

  • 28 · Net assets with donor restrictions

    beginning of year $111,385 · end of year $961,565

Mission and programs · 2024

Mission

CONNECT RESOURCES TO IDEAS AND INITIATIVES THAT EXPAND THE POSSIBILITIES FOR AGING IN NORTH CAROLINA.

Activities or mission (Part I)

ENHANCING THE UNDERSTANDING, AWARENESS AND RESOLUTION OF AGING ISSUES THROUGH EDUCATION AND RESEARCH.

  • ALL ACTIVITIES OF THE ORGANIZATION ARE CARRIED OUT IN CONCERT WITH LEADINGAGE NORTH CAROLINA, WITH AN AIM TOWARD CONNECTING RESOURCES TO IDEAS AND INITIATIVES THAT EXPAND THE POSSIBILITIES FOR AGING IN NORTH CAROLINA.

    Expenses $508,357 · Grants $425,500

As filed on the 2024 return.

Listed in Part VII

  • Tim Webster

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Sara Flynn-Loy

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Angela Rigsbee

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Ben Gilchrist

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    1

  • Zane Bennet

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dale Melton

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Tom Ford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jacob Elliott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anita Holt

    EX OFFICIO

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Vernon Baker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin Parries

    DIRECTOR (UNTIL 5/24)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tom Akins

    PRESIDENT & CEO

    Total calculated
    $322,755
    From this org
    $0
    From related orgs
    $281,521
    Other
    $41,234
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $231,500 related
    Bonus
    $0 + $20,000 related
    Other
    $0 + $30,021 related
    Deferred
    $0 + $16,891 related
    Nontaxable benefits
    $0 + $24,343 related
    Filer's total
    $0 + $322,755 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

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION FOR THE PRESIDENT/CEO IS SET BY A RELATED ORGANIZATION. THAT ORGANIZATION USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: COMPENSATION SURVEY OR STUDY APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

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
2024
Filed
15 August 2025
IRS schema version
2024v5.2
Source object
202532309349301168

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

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