Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $1,570,738

• 1g · Noncash contributions included above

  $32

• 2a · Program service revenue: PRODUCTION INCOME

  total $65,000 · related or exempt $65,000

• 3 · Investment income

  total $91,417 · excluded $91,417

• 7a · Gross sales of assets other than inventory

  securities $3,786,883

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

  securities $4,030,605

• 7c · Gain or loss

  securities -$243,722

• 7d · Net gain or loss

  total -$243,722 · excluded -$243,722

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,085,393 · program services $1,085,393

• 11b · Fees: legal

  total $180 · program services $180

• 11c · Fees: accounting

  total $29,545 · management and general $29,545

• 11f · Fees: investment management

  total $12,852 · management and general $12,852

• 11g · Fees: other

  total $11,550 · program services $11,550

• 12 · Advertising and promotion

  total $735,040 · program services $735,040

• 13 · Office expenses

  total $11,117 · management and general $11,117

• 14 · Information technology

  total $35,463 · program services $35,463

• 20 · Interest

  total $6,730 · management and general $6,730

• 23 · Insurance

  total $8,128 · management and general $8,128

• 24a · Other expenses: OTHER PROGRAM EXPENSES

  total $69,340 · program services $69,340

• 24b · Other expenses: BAD DEBT EXPENSES

  total $54,853 · management and general $54,853

• 24c · Other expenses: OTHER ADMINISTRATIVE EX

  total $18,074 · management and general $18,074

• 24d · Other expenses: DUES AND SUBSCRIPTIONS

  total $433 · management and general $433

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,886,939 · end of year $668,047

• 2 · Savings and temporary cash investments

  end of year $1,000,000

• 3 · Pledges and grants receivable

  beginning of year $562,910 · end of year $412,388

• 4 · Accounts receivable

  beginning of year $16,930 · end of year $17,191

• 9 · Prepaid expenses and deferred charges

  beginning of year $244 · end of year $244

• 11 · Investments: publicly traded securities

  beginning of year $2,782,987 · end of year $3,021,876

• 15 · Other assets

  beginning of year $531,600 · end of year $553,384

• 17 · Accounts payable and accrued expenses

  beginning of year $14,242 · end of year $160,906

• 25 · Other liabilities

  beginning of year $477,341 · end of year $368,217

• 27 · Net assets without donor restrictions

  beginning of year $3,702,532 · end of year $3,701,227

• 28 · Net assets with donor restrictions

  beginning of year $1,587,495 · end of year $1,442,780

The filer's explanations (Part III)

PART I, LINE 1A

THE CEO IS PROVIDED A BUDGETED DISCRETIONARY SPENDING AMOUNT FOR CERTAIN EXPENSE CATEGORIES AS APPROVED BY THE BOARD. ALL EXPENSES ARE SUPPORTED WITH RECEIPTS AND REPORTED TO THE BOARD ON A QUARTERLY BASIS.

PART I, LINE 3

THE CEO IS AN EMPLOYEE OF A NORTH CAROLINA STATE AFFILIATED ENTITY AND, AS SUCH, THE CEO COMPENSATION IS REVIEWED AND SET ACCORDING TO STATE COMPENSATION RULES AND GUIDELINES.