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← COLLECTIVE IMPACT IN NEW HANOVER COUNTY INC

Form 990 for tax year 2022

Filed by COLLECTIVE IMPACT IN NEW HANOVER COUNTY INC.

Totals

Total revenue
$2,445,549
Total expenses
$2,086,460
Contributions and grants received
$1,622,180
Grants paid
$160,568
Program service revenue
$781,127
Investment income
$43,741
Other revenue
-$1,499
Total assets, end of year
$4,456,903
Total liabilities, end of year
$3,562,249
Net assets or fund balances, end of year
$894,654
Program services expenses (Part IX)
$1,604,556
Management and general expenses
$440,194
Fundraising expenses
$41,710
Program service expenses (Part III)
$1,604,556

Program services were 76.9% 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.

  • 1e · Government grants (contributions)

    $1,060,976

  • 1f · All other contributions, gifts and grants

    $561,204

  • 2a · Program service revenue: MANAGEMENT FEES

    total $351,400 · related or exempt $351,400

  • 2b · Program service revenue: SERVICE CONTRACTS

    total $303,600 · related or exempt $303,600

  • 2c · Program service revenue: RENTAL INCOME

    total $126,127 · related or exempt $126,127

  • 3 · Investment income

    total $15,700 · excluded $15,700

  • 7a · Gross sales of assets other than inventory

    other assets $28,041

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

    other assets $0

  • 7c · Gain or loss

    other assets $28,041

  • 7d · Net gain or loss

    total $28,041 · related or exempt $28,041

  • 11a · Other revenue: OTHER INCOME

    total $10,480 · related or exempt $10,480

  • 11b · Other revenue: INCOME FROM PARTNERSHI

    total -$11,979 · related or exempt -$11,979

  • 11e · Other revenue, total

    -$1,499

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $160,568 · program services $160,568

  • 5 · Compensation of officers, directors and key employees

    total $253,343 · program services $207,741 · management and general $38,002 · fundraising $7,600

  • 7 · Other salaries and wages

    total $862,353 · program services $707,129 · management and general $129,353 · fundraising $25,871

  • 9 · Other employee benefits

    total $88,703 · program services $72,737 · management and general $13,305 · fundraising $2,661

  • 10 · Payroll taxes

    total $94,787 · program services $77,725 · management and general $14,218 · fundraising $2,844

  • 11c · Fees: accounting

    total $64,808 · management and general $64,808

  • 11g · Fees: other

    total $93,001 · program services $89,281 · management and general $2,790 · fundraising $930

  • 12 · Advertising and promotion

    total $6,288 · program services $1,635 · management and general $4,653

  • 13 · Office expenses

    total $10,255 · management and general $10,255

  • 14 · Information technology

    total $43,403 · program services $35,590 · management and general $7,813

  • 16 · Occupancy

    total $1,226 · program services $1,005 · management and general $184 · fundraising $37

  • 17 · Travel

    total $15,796 · program services $12,952 · management and general $1,422 · fundraising $1,422

  • 20 · Interest

    total $79,148 · program services $79,148

  • 22 · Depreciation, depletion and amortization

    total $64,234 · program services $63,592 · management and general $642

  • 24a · Other expenses: OTHER ADMINISTRATIVE EX

    total $98,897 · management and general $98,897

  • 24b · Other expenses: OPERATING AND MAINTENAN

    total $49,649 · program services $49,649

  • 24c · Other expenses: MANAGEMENT FEE, COMPANY

    total $37,000 · management and general $37,000

  • 24d · Other expenses: PROPERTY TAXES AND INSU

    total $34,547 · program services $32,475 · management and general $1,727 · fundraising $345

  • 24e · All other expenses

    total $28,454 · program services $13,329 · management and general $15,125

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,961,787 · end of year $1,258,261

  • 2 · Savings and temporary cash investments

    end of year $635,166

  • 3 · Pledges and grants receivable

    beginning of year $37,500

  • 4 · Accounts receivable

    beginning of year $5,513 · end of year $237,590

  • 7 · Other notes and loans receivable

    end of year $419,608

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,038 · end of year $9,515

  • 10a · Land, buildings and equipment: cost or other basis

    $1,490,682

  • 10b · Land, buildings and equipment: accumulated depreciation

    $65,158

  • 10c · Land, buildings and equipment, net

    beginning of year $663,964 · end of year $1,425,524

  • 12 · Investments: other securities

    beginning of year $343,426 · end of year -$7,144

  • 15 · Other assets

    beginning of year $290,453 · end of year $478,383

  • 17 · Accounts payable and accrued expenses

    beginning of year $49,875 · end of year $52,642

  • 19 · Deferred revenue

    beginning of year $173,735 · end of year $497,225

  • 24 · Unsecured notes and loans payable

    beginning of year $1,864,250 · end of year $2,958,113

  • 25 · Other liabilities

    beginning of year $341,667 · end of year $54,269

  • 27 · Net assets without donor restrictions

    beginning of year $836,654 · end of year $894,654

  • 28 · Net assets with donor restrictions

    beginning of year $37,500 · end of year $0

Mission and programs · 2022

Mission

FOUNDED IN 2019, THE CAPE FEAR COLLECTIVE (CFC) IS A COLLECTIVE IMPACT AND DATA SCIENCE NONPROFIT BACKBONE ORGANIZATION BASED IN WILMINGTON, NORTH CAROLINA. BORN OUT OF THE CORPORATE SECTOR, CFC'S MISSION IS TO SCALE BIG DATA, FUNDRAISING, SOCIAL INNOVATION, AND LARGE-SCALE INITIATIVE MANAGEMENT TO A SIX-COUNTY REGION IN SOUTHEASTERN NORTH CAROLINA. CFC EMPLOYS DATA SCIENTISTS, STRATEGISTS, JOURNALISTS, AND PROCESS IMPROVEMENT EXPERTS WHO PARTNER WITH ANCHOR INSTITUTIONS FROM ACROSS THE REGION. TOGETHER, THEY CREATE SUSTAINABLE IMPACT PROGRAMS THAT ADDRESS SOCIAL PROGRESS ACROSS A VARIETY OF SECTORS INCLUDING ECONOMIC DEVELOPMENT, HEALTH AND HUMAN SERVICES, CLIMATE CHANGE AND HOUSING.

Activities or mission (Part I)

CFC'S MISSION IS TO SCALE BIG DATA, FUNDRAISING, SOCIAL INNOVATION, AND LARGE-SCALE INITIATIVE MANAGEMENT TO A SIX-COUNTY REGION IN SOUTHEASTERN NORTH CAROLINA.

  • COLLECTIVE IMPACT IN NEW HANOVER COUNTY (DBA CAPE FEAR COLLECTIVE) IS WORKING ON THE FOLLOWING STRATEGIC PRIORITIES:DRIVE DATA COLLABORATION AND ECOSYSTEM ALIGNMENT PROVIDE INSIGHTS TO THE SOCIAL IMPACT SECTOR BY CREATING AN OPEN SOURCE DATA PLATFORM THAT BUILDS OPERATIONAL EFFICIENCY AND EXPANDS FUNDRAISING OPPORTUNITIES THAT RESULT IN IMPROVED LIFE OUTCOMES FOR ALL PEOPLE.BEAR WITNESS AND AMPLIFY COMMUNITY VOICES BEAR WITNESS TO THE SYSTEMIC, STRUCTURAL INEQUITIES AND INJUSTICES FACING THE CAPE FEAR REGION AND AMPLIFY THE VOICES OF CITIZENS, PRACTITIONERS, AND ADVOCATES ON THE FRONT LINES OF THIS FIGHT.ORGANIZE FOR IMPACT...BUILD AN ENDURING TOWN SQUARE PROMOTE SUSTAINABLE, COMMUNITY-WIDE SYSTEMS AND OPERATIONAL INFRASTRUCTURE THAT SUPPORT THE SOCIAL IMPACT SECTOR IN NAVIGATING THE COMPLEXITIES OF THE REGION'S UNIQUE CHALLENGES. BUILD A CULTURE THAT CHAMPIONS COLLABORATION, EQUITY, AND TRANSPARENCY. SUPPORT INNOVATION IN THE SOCIAL SECTOR FOSTER A CULTURE OF INNOVATION BY LEVERAGING RESOURCES AND CULTIVATING OPPORTUNITIES TO PROMOTE NEW METHODS FOR ACHIEVING SOCIAL PROGRESS.

    Expenses $1,604,556 · Grants $160,568 · Revenue $807,669

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Girard Newkirk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lydia Newman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joe Finley

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Terri Everett

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dinesh Apte

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charrise Hart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kate Groat

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Sharm Brantley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chris Prentice

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Meaghan Dennison

    CEO

    Total calculated
    $107,688
    From this org
    $96,498
    From related orgs
    $0
    Other
    $11,190
    Hours/week
    40

  • Nicholas Pylypiw

    CHIEF DATA OFFICER

    Total calculated
    $134,467
    From this org
    $110,395
    From related orgs
    $0
    Other
    $24,072
    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.

Grants on this return

  • CAPE FEAR COLLECTIVE IMPACT OPPORTUNITY 1 LLC

    $84,059

    PROPERTY BEING UPFITTED

  • CAPE FEAR AFFORDABLE HOUSING LLC

    $76,509

    PROPERTY BEING UPFITTED

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.

  • CAPE FEAR COLLECTIVE CAPITAL LLC

    AFFORDABLE RENTAL HOUSING · NC · income -$1,243 · assets $1,738,725

    Directly controlled by COLLECTIVE IMPACT IN NEW HANOVER COUNTY INC

  • CAPE FEAR COLLECTIVE VENTURES LLC

    AFFORDABLE RENTAL HOUSING · NC · assets -$52,503

    Directly controlled by COLLECTIVE IMPACT IN NEW HANOVER COUNTY INC

  • CAPE FEAR AFFORDABLE HOUSING LLC

    AFFORDABLE RENTAL HOUSING · NC · income $231,107 · assets $1,154,171

    Directly controlled by COLLECTIVE IMPACT IN NEW HANOVER COUNTY INC

  • MISSION DRIVEN MOTORS LLC

    AFFORDABLE TRANSPORTATION · NC · income $10,503 · assets -$85,601

    Directly controlled by COLLECTIVE IMPACT IN NEW HANOVER COUNTY INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • CAPE FEAR COLLECTIVE IMPACT OPPORTUNITY 1 LLC

    RELATED · AFFORDABLE HOUSING · NC · 7.48% owned · share of income $141,948 · share of assets $3,613,543 · general or managing partner

  • CAPE FEAR COLLECTIVE IMPACT OPPORTUNITY 2 LLC

    RELATED · AFFORDABLE HOUSING · NC · 0.45% owned · share of income $715,429 · share of assets $10,796,115 · general or managing partner

  • BRICK CAPITAL AND CAPE FEAR COLLECTIVE HOUSING INITIATIVE LLC

    RELATED · AFFORDABLE HOUSING · NC · 50% owned · general or managing partner

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202411359349302326

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