Form 990 for tax year 2023

Filed by GREATER WILMINGTON CHAMBER FOUNDATION.

Totals

Total revenue: $489,548
Total expenses: $468,201
Contributions and grants received: $273,089
Grants paid: $139,524
Program service revenue: $203,454
Investment income: $13,005
Other revenue: $0
Total assets, end of year: $685,701
Total liabilities, end of year: $44,206
Net assets or fund balances, end of year: $641,495
Program services expenses (Part IX): $387,309
Management and general expenses: $80,892
Fundraising expenses: $0
Program service expenses (Part III): $387,309

Program services were 82.7% 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

$273,089
2a · Program service revenue: LEADERSHIP WILMINGTON

total $203,454 · related or exempt $203,454
3 · Investment income

total $13,818 · excluded $13,818
7b · Less cost or other basis and sales expenses

securities $813
7c · Gain or loss

securities -$813
7d · Net gain or loss

total -$813 · excluded -$813

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $139,524 · program services $139,524
11b · Fees: legal

total $11,637 · management and general $11,637
11c · Fees: accounting

total $1,700 · management and general $1,700
11f · Fees: investment management

total $3,608 · management and general $3,608
11g · Fees: other

total $2,365 · program services $2,365
13 · Office expenses

total $18,696 · program services $15,144 · management and general $3,552
16 · Occupancy

total $22,073 · program services $17,880 · management and general $4,193
17 · Travel

total $53,331 · program services $43,198 · management and general $10,133
19 · Conferences, conventions and meetings

total $645 · program services $522 · management and general $123
23 · Insurance

total $5,697 · management and general $5,697
24a · Other expenses: COURSE MANAGEMENT EXPEN

total $138,126 · program services $111,882 · management and general $26,244
24b · Other expenses: WORK ON WILMINGTON - SU

total $63,769 · program services $51,653 · management and general $12,116
24c · Other expenses: FACILITATOR

total $4,262 · program services $3,452 · management and general $810
24d · Other expenses: MISCELLANEOUS EXPENSES

total $1,689 · program services $1,689
24e · All other expenses

total $1,079 · management and general $1,079

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $163,917 · end of year $252,480
2 · Savings and temporary cash investments

beginning of year $11,373 · end of year $14,409
4 · Accounts receivable

end of year $43,750
9 · Prepaid expenses and deferred charges

beginning of year $2,101 · end of year $2,549
10a · Land, buildings and equipment: cost or other basis

$0
10c · Land, buildings and equipment, net

beginning of year $139,524
12 · Investments: other securities

beginning of year $331,134 · end of year $372,513
15 · Other assets

beginning of year $2,656 · end of year $0
17 · Accounts payable and accrued expenses

beginning of year $250 · end of year $100
19 · Deferred revenue

beginning of year $65,325 · end of year $44,106
27 · Net assets without donor restrictions

beginning of year $585,130 · end of year $641,495

Mission and programs · 2023

Mission

THE FOUNDATION OPERATES TO ADMINISTER PROGRAMS TO PROMOTE AND INCREASE PUBLIC KNOWLEDGE, AWARENESS AND UNDERSTANDING OF MATTERS OF PUBLIC CONCERN, AND FOR IMPROVEMENTS OF HEALTH, SAFETY, EDUCATION AND WELFARE OF THE CITIZENS OF WILMINGTON, NORTH CAROLINA.

Activities or mission (Part I)

IMPROVEMENTS OF HEALTH, SAFETY, EDUCATION AND WELFARE OF THE CITIZENS OF WILMINGTON, NORTH CAROLINA.

LEADERSHIP WILMINGTON - THE OBJECTIVE OF LEADERSHIP WILMINGTON IS TO EDUCATE, CHALLANGE AND MOTIVATE LEADERS AND FUTURE LEADERS TO UTILIZE THEIR LEADERSHIP SKILLS TO WORK FOR THE BETTERMENT OF OUR COMMUNITY. THE COMPONENTS THAT ARE STRESSED THROUGHOUT THE PROGRAM ARE LEADERSHIP SKILLS/STYLES, COMMUNITY ISSUES AND CHALLENGES, DYNAMIC OR REGIONAL SOCIAL AND ECONOMIC CHANGE, DIVERSITY AND TEAM PROJECTS.

Expenses $387,309 · Grants $139,524 · Revenue $203,454

As filed on the 2023 return.

Listed in Part VII

Natalie EnglishNATALIE ENGLISH

PRESIDENT

Total calculated

$246,787

From this org

$0

From related orgs

$227,917

Other

$18,870

Hours/week

10 + 1 related

Schedule J breakdown matched by us

Base

$0 + $204,359 related

Bonus

$0 + $23,000 related

Other

$0 + $558 related

Deferred

$0 + $6,821 related

Nontaxable benefits

$0 + $12,049 related

Filer's total

$0 + $246,787 related
Stephanie LanierSTEPHANIE LANIER

CHAIR

Total calculated

$0

Hours/week

2 + 1 related
Lisa LeathLISA LEATH

VICE CHAIR

Total calculated

$0

Hours/week

2 + 1 related
Michael BrownMICHAEL BROWN

TREASURER

Total calculated

$0

Hours/week

2 + 1 related
Nicolas MontoyaNICOLAS MONTOYA

SECRETARY

Total calculated

$0

Hours/week

1 + 1 related
Neal AndrewNEAL ANDREW

BOARD MEMBER

Total calculated

$0

Hours/week

2 + 1 related
Rob KaiserROB KAISER

BOARD MEMBER

Total calculated

$0

Hours/week

1 + 1 related
Charlie MattoxCHARLIE MATTOX

BOARD MEMBER

Total calculated

$0

Hours/week

1
Hal KitchinHAL KITCHIN

BOARD MEMBER

Total calculated

$0

Hours/week

1
Faison GibsonFAISON GIBSON

BOARD MEMBER

Total calculated

$0

Hours/week

1
Jim HundleyJIM HUNDLEY

BOARD MEMBER

Total calculated

$0

Hours/week

1 + 1 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

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

GREATER WILMINGTON CHAMBER OF COMMERCE

$139,524

ORGANIZATIONAL SUPPORT

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.

GREATER WILMINGTON CHAMBER OF COMMERCE

501(C)(6) · STRENGTHENING THE BUSINESS ENVIRONMENT IN THE GREATER WILMINGTON COMMUNITY. · NC
CAPE FEAR FUTURE FOUNDATION INC

501(C)(3) · TO ENHANCE AND DEVELOP THE CAPE FEAR REGION'S KNOWLEDGE SECTOR ECONOMY. · NC

Provenance

Return type: form_990
Tax year: 2023
Filed: 16 January 2025
IRS schema version: 2023v6.0
Source object: 202530169349301353

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