Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $135,094

• 1e · Government grants (contributions)

  $1,000,000

• 1f · All other contributions, gifts and grants

  $10,981,736

• 1g · Noncash contributions included above

  $3,113,245

• 2a · Program service revenue: EVENT INCOME

  total $116,602 · related or exempt $116,602

• 2b · Program service revenue: ADMIN FEE INCOME

  total -$26,744 · related or exempt -$26,744

• 2f · All other program service revenue

  total $41,625 · related or exempt $41,625

• 3 · Investment income

  total $5,442,281 · unrelated business $105,204 · excluded $5,337,077

• 7a · Gross sales of assets other than inventory

  securities $114,745,410

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

  securities $113,227,603 · other assets $1,331

• 7c · Gain or loss

  securities $1,517,807 · other assets -$1,331

• 7d · Net gain or loss

  total $1,516,476 · excluded $1,516,476

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $15,095,564 · program services $15,095,564

• 2 · Grants to domestic individuals

  total $262,193 · program services $262,193

• 5 · Compensation of officers, directors and key employees

  total $499,379 · program services $267,172 · management and general $232,207

• 7 · Other salaries and wages

  total $1,665,124 · program services $1,103,082 · management and general $468,238 · fundraising $93,804

• 8 · Pension plan contributions

  total $92,684 · program services $51,681 · management and general $34,212 · fundraising $6,791

• 9 · Other employee benefits

  total $244,817 · program services $135,667 · management and general $94,574 · fundraising $14,576

• 10 · Payroll taxes

  total $149,044 · program services $82,076 · management and general $58,801 · fundraising $8,167

• 11c · Fees: accounting

  total $87,103 · program services $4,568 · management and general $82,535

• 11f · Fees: investment management

  total $1,601,289 · management and general $1,601,289

• 11g · Fees: other

  total $170,729 · program services $115,327 · management and general $48,918 · fundraising $6,484

• 12 · Advertising and promotion

  total $116,891 · program services $82,049 · management and general $30,764 · fundraising $4,078

• 13 · Office expenses

  total $77,790 · program services $49,324 · management and general $25,010 · fundraising $3,456

• 14 · Information technology

  total $87,584 · program services $54,044 · management and general $29,615 · fundraising $3,925

• 16 · Occupancy

  total $183,133 · program services $113,964 · management and general $61,074 · fundraising $8,095

• 17 · Travel

  total $3,060 · program services $2,149 · management and general $804 · fundraising $107

• 19 · Conferences, conventions and meetings

  total $25,061 · program services $17,347 · management and general $6,811 · fundraising $903

• 20 · Interest

  total $21,108 · program services $21,108

• 22 · Depreciation, depletion and amortization

  total $203,181 · management and general $203,181

• 23 · Insurance

  total $36,850 · management and general $36,850

• 24a · Other expenses: EVENT EXPENSES

  total $188,503 · program services $157,910 · management and general $30,428 · fundraising $165

• 24b · Other expenses: STAFF/BOARD DEVELOPMENT

  total $65,140 · program services $37,382 · management and general $24,373 · fundraising $3,385

• 24c · Other expenses: DUES AND SUBSCRIPTIONS

  total $49,080 · program services $1,778 · management and general $47,302

• 24e · All other expenses

  total $142,407 · program services $108,142 · management and general $34,114 · fundraising $151

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $7,466,469 · end of year $5,443,313

• 3 · Pledges and grants receivable

  beginning of year $1,953,617 · end of year $1,461,880

• 7 · Other notes and loans receivable

  beginning of year $3,500,000 · end of year $3,500,000

• 9 · Prepaid expenses and deferred charges

  beginning of year $126,802 · end of year $107,672

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

  $2,003,926

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

  $815,421

• 10c · Land, buildings and equipment, net

  beginning of year $1,375,262 · end of year $1,188,505

• 11 · Investments: publicly traded securities

  beginning of year $130,788,298 · end of year $145,075,123

• 12 · Investments: other securities

  beginning of year $110,984,694 · end of year $121,984,281

• 13 · Investments: program-related

  beginning of year $15,427 · end of year $7,161,769

• 15 · Other assets

  beginning of year $3,893,438 · end of year $3,659,314

• 17 · Accounts payable and accrued expenses

  beginning of year $304,859 · end of year $309,524

• 18 · Grants payable

  beginning of year $3,246,834 · end of year $3,597,866

• 23 · Secured mortgages and notes payable

  beginning of year $272,011 · end of year $0

• 25 · Other liabilities

  beginning of year $32,501,588 · end of year $41,042,055

• 27 · Net assets without donor restrictions

  beginning of year $92,992,413 · end of year $71,042,929

• 28 · Net assets with donor restrictions

  beginning of year $130,786,302 · end of year $173,589,483

The filer's explanations (Part III)

PART I, LINE 1A

THE ORGANIZATION ONLY PROVIDES TRAVEL FOR COMPANIONS IF THE SPOUSE IS AN INTEGRAL PART OF THE EVENT.

PART I, LINE 4B

H. WALKER SANDERS PARTICIPATED IN A SECTION 457(F) DEFERRED RETENTION BONUS PLAN. VESTED AMOUNTS ARE DISTRIBUTABLE UPON THE EARLIEST OF THE FOLLOWING: SPECIFIED DISTRIBUTION DATE, JUNE 10, 2032: INVOLUNTARY SEPARATION FROM SERVICE WITHOUT CAUSE: TERMINATION FOR GOOD REASON: OR DISABILITY. THERE WERE NO PAYMENTS UNDER THE PLAN IN THE CURRENT YEAR.

PART I, LINE 7

ALL EMPLOYEES RECEIVED A $100 YEAR-END BONUS NOT BASED ON REVENUE OR ASSET GROWTH. ALL EMPLOYEES ARE ELIGIBLE TO PARTICIPATE IN AN INCENTIVE PLAN BASED ON INDIVIDUAL PERFORMANCE AND ORGANIZATIONAL FINANCIAL PERFORMANCE.

Disregarded entities

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

• TPAC LLC

  ADMINISTER PLEDGES AND COORDINATE GRANTS TO BUILD PERFORMING ARTS CENTER · NC · income $59,988 · assets $172,146

  Directly controlled by COMMUNITY FOUNDATION OF GREATER GREENSBORO INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• CHARITABLE REMAINDER TRUSTS (5)

  T · REMAINDER TRUSTS · NC