Form 990 for tax year 2024
Filed by NORTH CAROLINA OUTWARD BOUND SCHOOL.
What the amendment changed
Compared with the return it replaced , filed 15 February 2026. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
Those are the same on the two returns, so the amendment changed something else.
Totals
- Total revenue
- $7,504,454
- Total expenses
- $8,240,241
- Contributions and grants received
- $2,280,634
- Grants paid
- $1,494,201
- Program service revenue
- $3,880,561
- Investment income
- $1,094,383
- Other revenue
- $248,876
- Total assets, end of year
- $28,688,039
- Total liabilities, end of year
- $2,417,143
- Net assets or fund balances, end of year
- $26,270,896
- Program services expenses (Part IX)
- $6,430,805
- Management and general expenses
- $1,450,293
- Fundraising expenses
- $359,143
- Program service expenses (Part III)
- $6,430,805
Program services were 78.0% 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.
-
1f · All other contributions, gifts and grants
$2,280,634
-
1g · Noncash contributions included above
$301,027
-
2a · Program service revenue: TUITION/SCHOLARSHIPS
total $3,880,561 · related or exempt $3,880,561
-
3 · Investment income
total $615,955 · excluded $615,955
-
7a · Gross sales of assets other than inventory
securities $3,034,779 · other assets $113,945
-
7b · Less cost or other basis and sales expenses
securities $2,559,033 · other assets $111,263
-
7c · Gain or loss
securities $475,746 · other assets $2,682
-
7d · Net gain or loss
total $478,428 · excluded $478,428
-
11a · Other revenue: OTHER INCOME
total $248,876 · related or exempt $248,876
-
11e · Other revenue, total
$248,876
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $1,494,201 · program services $1,494,201
-
5 · Compensation of officers, directors and key employees
total $396,887 · program services $108,514 · management and general $247,880 · fundraising $40,493
-
7 · Other salaries and wages
total $3,053,687 · program services $2,486,030 · management and general $343,793 · fundraising $223,864
-
9 · Other employee benefits
total $300,680 · program services $228,255 · management and general $49,610 · fundraising $22,815
-
10 · Payroll taxes
total $253,106 · program services $189,788 · management and general $43,970 · fundraising $19,348
-
11c · Fees: accounting
total $64,345 · program services $48,259 · management and general $16,086
-
11f · Fees: investment management
total $62,045 · management and general $62,045
-
11g · Fees: other
total $339,119 · program services $206,171 · management and general $131,710 · fundraising $1,238
-
12 · Advertising and promotion
total $57,769 · program services $25,971 · management and general $7,649 · fundraising $24,149
-
13 · Office expenses
total $37,628 · program services $7,284 · management and general $21,623 · fundraising $8,721
-
14 · Information technology
total $95,838 · program services $45,033 · management and general $42,105 · fundraising $8,700
-
16 · Occupancy
total $157,276 · program services $107,550 · management and general $48,708 · fundraising $1,018
-
17 · Travel
total $177,598 · program services $169,246 · management and general $5,411 · fundraising $2,941
-
20 · Interest
total $57,279 · program services $28,640 · management and general $28,639
-
22 · Depreciation, depletion and amortization
total $316,457 · program services $237,343 · management and general $79,114
-
23 · Insurance
total $341,087 · program services $272,869 · management and general $68,218
-
24a · Other expenses: CHARTER & OTHER FEES
total $361,555 · program services $149,845 · management and general $211,710
-
24b · Other expenses: SUPPLIES
total $292,754 · program services $283,139 · management and general $3,882 · fundraising $5,733
-
24c · Other expenses: REPAIRS & MAINTENANCE
total $159,364 · program services $144,693 · management and general $14,671
-
24d · Other expenses: USER FEES
total $68,570 · program services $68,570
-
24e · All other expenses
total $152,996 · program services $129,404 · management and general $23,469 · fundraising $123
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $337,107 · end of year $525,389
-
2 · Savings and temporary cash investments
beginning of year $2,988,660 · end of year $2,092,868
-
3 · Pledges and grants receivable
beginning of year $849,399 · end of year $1,060,000
-
4 · Accounts receivable
beginning of year $59,348 · end of year $271,268
-
8 · Inventories for sale or use
beginning of year $95,997 · end of year $2,830
-
9 · Prepaid expenses and deferred charges
beginning of year $45,804 · end of year $79,547
-
10a · Land, buildings and equipment: cost or other basis
$8,356,344
-
10b · Land, buildings and equipment: accumulated depreciation
$5,553,267
-
10c · Land, buildings and equipment, net
beginning of year $2,758,671 · end of year $2,803,077
-
11 · Investments: publicly traded securities
beginning of year $21,934,826 · end of year $21,707,982
-
13 · Investments: program-related
beginning of year $169,696 · end of year $121,755
-
15 · Other assets
beginning of year $37,316 · end of year $23,323
-
17 · Accounts payable and accrued expenses
beginning of year $502,080 · end of year $492,807
-
19 · Deferred revenue
beginning of year $691,534 · end of year $664,704
-
23 · Secured mortgages and notes payable
beginning of year $1,275,282 · end of year $1,231,672
-
25 · Other liabilities
beginning of year $58,672 · end of year $27,960
-
27 · Net assets without donor restrictions
beginning of year $1,841,462 · end of year $1,573,825
-
28 · Net assets with donor restrictions
beginning of year $24,907,794 · end of year $24,697,071
Mission and programs · 2024
Mission
TO CHANGE LIVES THROUGH CHALLENGE AND DISCOVERY.
-
DURING THE FISCAL YEAR, NCOBS ENGAGED 2,256 STUDENTS IN TRANSFORMATIVE LEARNING EXPERIENCES SPANNING 11,872 STUDENT PARTICIPANT DAYS. PARTICIPANTS RANGED FROM YOUTH TO TEENS TO ADULTS, EDUCATORS, VETERANS, AND PROFESSIONALS. FROM THE MOUNTAINS OF NORTH CAROLINA AND THE FLORIDA EVERGLADES TO THE ASTONISHING LANDSCAPES OF PATAGONIA, ARGENTINA, STUDENTS BUILT CONFIDENCE, RESILIENCE, AND CONNECTIONS THAT WILL ENDURE WELL BEYOND THE END OF COURSE.
Expenses $6,430,805 · Grants $1,494,201 · Revenue $3,880,561
As filed on the 2024 return.
Listed in Part VII
-
Rev Janet Hatfield LegroREV JANET HATFIELD LEGRO
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
David HardyDAVID HARDY
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Mitchell BreitMITCHELL BREIT
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Robert M SchwartzbergROBERT M SCHWARTZBERG
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Amos BeasonAMOS BEASON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
John BufordJOHN BUFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Sonji JacobsSONJI JACOBS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Daniel LeroyDANIEL LEROY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Scott PuritzSCOTT PURITZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Megg RaderMEGG RADER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
L Kent SatterfieldL KENT SATTERFIELD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Susan BuckleySUSAN BUCKLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ann Brock PraterANN BROCK PRATER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jay RobertsJAY ROBERTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Nathaniel VishNATHANIEL VISH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Bobby BuckleyBOBBY BUCKLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dan CrockerDAN CROCKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Patricia WilsonPATRICIA WILSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
William BarnhardtWILLIAM BARNHARDT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
James BelikoveJAMES BELIKOVE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Leigh SchellLEIGH SCHELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rosa VerdejaROSA VERDEJA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mitchell WickhamMITCHELL WICKHAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Patricia WoodsonPATRICIA WOODSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Amy ClimerAMY CLIMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Charles BakerCHARLES BAKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Scott LandisSCOTT LANDIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Laura Bea ArmstrongLAURA BEA ARMSTRONG
EXECUTIVE DI
- Total calculated
- $190,150
- From this org
- $185,582
- From related orgs
- $0
- Other
- $4,568
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $165,582
- Bonus
- $20,000
- Other
- not reported
- Deferred
- $3,939
- Nontaxable benefits
- $629
- Filer's total
- $190,150
-
Jan LetendreJAN LETENDRE
CFO
- Total calculated
- $104,865
- From this org
- $104,865
- From related orgs
- $0
- Other
- $0
- Hours/week
- 20
-
Bill MurrayBILL MURRAY
COO
- Total calculated
- $105,274
- From this org
- $102,222
- From related orgs
- $0
- Other
- $3,052
- Hours/week
- 32
-
Karen SareKAREN SARE
HR DIRECTOR
- Total calculated
- $114,182
- From this org
- $108,787
- From related orgs
- $0
- Other
- $5,395
- Hours/week
- 40
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
- 3 · Approval by the board or compensation committee
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 10 August 2026
- IRS schema version
- 2024v5.0
- Source object
- 202632309349301673
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