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← NATIONAL COMMUNITY FOUNDATION

Form 990 for tax year 2023

Filed by NATIONAL COMMUNITY FOUNDATION.

Totals

Total revenue
$978,264
Total expenses
$681,421
Contributions and grants received
$388,548
Grants paid
$504,298
Program service revenue
$0
Investment income
$432,094
Other revenue
$157,622
Total assets, end of year
$6,794,345
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$6,794,345
Program services expenses (Part IX)
$504,298
Management and general expenses
$177,123
Fundraising expenses
$0
Program service expenses (Part III)
$504,298

Program services were 74.0% 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.

  • 1d · Related organizations

    $47,548

  • 1f · All other contributions, gifts and grants

    $341,000

  • 1g · Noncash contributions included above

    $315,000

  • 3 · Investment income

    total $162,898 · related or exempt $162,898

  • 6a · Gross rents

    real property $2,894

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $2,894

  • 6d · Net rental income or loss

    total $2,894 · related or exempt $2,894

  • 7a · Gross sales of assets other than inventory

    securities $1,446,761 · other assets $268,000

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

    securities $1,343,565 · other assets $102,000

  • 7c · Gain or loss

    securities $103,196 · other assets $166,000

  • 7d · Net gain or loss

    total $269,196 · related or exempt $103,196 · excluded $166,000

  • 11a · Other revenue: TRUSTEE FEES

    total $154,728 · related or exempt $154,728

  • 11e · Other revenue, total

    $154,728

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $504,298 · program services $504,298

  • 11b · Fees: legal

    total $42,575 · management and general $42,575

  • 11g · Fees: other

    total $119,710 · management and general $119,710

  • 13 · Office expenses

    total $3,525 · management and general $3,525

  • 24a · Other expenses: REIMBURSED EXPENSES

    total $5,529 · management and general $5,529

  • 24b · Other expenses: BANK FEES

    total $3,065 · management and general $3,065

  • 24c · Other expenses: DE ANNUAL LLC TAX

    total $1,800 · management and general $1,800

  • 24d · Other expenses: FOREIGN TAXES ON DIVIDE

    total $780 · management and general $780

  • 24e · All other expenses

    total $139 · management and general $139

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $350,064 · end of year $516,696

  • 11 · Investments: publicly traded securities

    beginning of year $3,423,701 · end of year $3,598,021

  • 12 · Investments: other securities

    beginning of year $2,757,686 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $2,679,628

  • 27 · Net assets without donor restrictions

    beginning of year $6,531,451 · end of year $6,794,345

Mission and programs · 2023

Mission

NATIONAL COMMUNITY FOUNDATION SHALL CARRY OUT ITS PURPOSES AS A COMMUNITY FOUNDATION WITHIN THE MEANING OF TREASURY REGULATION SECTION 1.170A-9(F)(10).

  • GRANTS TO QUALIFIED ORGANIZATIONS

    Expenses $504,298 · Grants $504,298

As filed on the 2023 return.

Listed in Part VII

  • NATIONAL COMMUNITY CORPORATION

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10
  • BRUCE BIGELOW

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • DAVID THOROUGHMAN

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • EMANUEL J KALLINA II

    TREASURER

    Total calculated
    $0
    Hours/week
    10
  • EDWARD G LINK JR

    SECRETARY

    Total calculated
    $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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

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

  • PARK TREE FOUNDATION LLC

    GRANTS TO QUALIFIED CHARITIES · DE · income $54,118 · assets $1,270,600

    Directly controlled by NCF

  • RCE FOUNDATION LLC

    GRANTS TO QUALIFIED CHARITIES · DE · income $9,585 · assets $268,139

    Directly controlled by NCF

  • TSH FOUNDATION LLC

    GRANTS TO QUALIFIED CHARITIES · DE · income $6,744 · assets $211,351

    Directly controlled by NCF

  • HATCH FAMILY FOUNDATION LLC

    GRANTS TO QUALIFIED CHARITIES · DE · income $0 · assets $227,228

    Directly controlled by NCF

  • NCF ESCROW LLC

    ESCROW FOR FUNDS · DE · income $0 · assets $220,180

    Directly controlled by NCF

  • NCF-NCGIFTSLLC

    GRANTS TO QUALIFIED CHARITIES · DE · income $315,000 · assets $0

    Directly controlled by NCF

Related corporations and trusts

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

  • POOLED INCOME FUNDS (7)

    T · POOLED INCOME FUNDS · DE · controlled entity

    Directly controlled by NCF

  • CHARITABLE REMAINDER TRUSTS (1)

    T · CHARITABLE TRUSTS · DE · controlled entity

    Directly controlled by NCF

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349315581

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