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Nonprofiteer
← GREATER RALEIGH CHAMBER OF COMMERCE COMMUNITY DEVELOPMENT FOUNDATION

Form 990 for tax year 2022

Filed by GREATER RALEIGH CHAMBER OF COMMERCE COMMUNITY DEVELOPMENT FOUNDATION.

Totals

Total revenue
$619,235
Total expenses
$605,431
Contributions and grants received
$314,711
Grants paid
$108,000
Program service revenue
$300,480
Investment income
$4,044
Other revenue
$0
Total assets, end of year
$814,171
Total liabilities, end of year
$316,875
Net assets or fund balances, end of year
$497,296
Program services expenses (Part IX)
$336,267
Management and general expenses
$269,164
Fundraising expenses
$0
Program service expenses (Part III)
$336,267

Program services were 55.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • CHARLES ROYAL

    VICE CHAIR-FOUNDATION

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • DAN CAHILL

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • GARY GREENE

    CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • ERNIE BOVIO

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • RUSSELL KILLEN

    GENERAL COUNSEL

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • KEVIN HOWELL

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • O'HARA MACKEN

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • DELISA ALEXANDER

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • JOEL DAVIS

    VICE CHAIR-COMMUNICATIONS

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • LATRINDA WILLIAMS

    VICE CHAIR-DEI

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • JOHN WARD

    VICE CHAIR-ECONOMIC DEVELOPMENT

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • TIA MCLAURIN

    VICE CHAIR-ENTREPRENEURSHIP & INNOVATION

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • KEVIN MCLAUGHLIN

    VICE CHAIR-GOVERNMENT AFFAIRS

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • KATHERINE THOMAS

    VICE CHAIR-MEMBERSHIP

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • PAT WILKINS

    VICE CHAIR-PRESIDENT'S CIRCLE

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • BRAIN REID

    EXECUTIVE COMMITTEE AT LARGE

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • ADRIENNE COLE

    PRESIDENT

    Total calculated
    $369,241
    From this org
    $0
    From related orgs
    $338,741
    Other
    $30,500
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $271,263 related
    Bonus
    $0 + $49,500 related
    Other
    $0 + $17,978 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $369,241 related

  • LEE ANNE NANCE

    EXECUTIVE COMMITTEE AT LARGE

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • ROY FRALIN

    EXECUTIVE COMMITTEE AT LARGE

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • TIMOTHY HUMPHREY

    EXECUTIVE COMMITTEE AT LARGE

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • JIM WHITE

    CONTROLLER

    Total calculated
    $166,550
    From this org
    $0
    From related orgs
    $151,409
    Other
    $15,141
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $129,198 related
    Bonus
    $0 + $19,950 related
    Other
    $0 + $2,261 related
    Deferred
    $0 + $15,141 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $166,550 related

  • MICHAEL HALEY

    SENIOR VP OF ECON. DEV.

    Total calculated
    $197,298
    From this org
    $0
    From related orgs
    $179,362
    Other
    $17,936
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $153,681 related
    Bonus
    $0 + $18,228 related
    Other
    $0 + $7,453 related
    Deferred
    $0 + $17,936 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $197,298 related

  • JANET POTTER

    GENERAL MGR./SENIOR VP

    Total calculated
    $203,013
    From this org
    $0
    From related orgs
    $184,557
    Other
    $18,456
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $162,706 related
    Bonus
    $0 + $19,944 related
    Other
    $0 + $1,907 related
    Deferred
    $0 + $18,456 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $203,013 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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses

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

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
2022
Filed
14 August 2024
IRS schema version
2022v5.0
Source object
202422279349302652

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