Form 990 for tax year 2024
Filed by THE GOLDEN L E A F LONG-TERM ECONOMIC ADVANCEMENT FOUNDATION IN.
Totals
- Total revenue
- $171,537,614
- Total expenses
- $169,872,591
- Contributions and grants received
- $81,818,468
- Grants paid
- $161,272,823
- Program service revenue
- $0
- Investment income
- $89,719,146
- Other revenue
- $0
- Total assets, end of year
- $1,527,467,982
- Total liabilities, end of year
- $199,859,409
- Net assets or fund balances, end of year
- $1,327,608,573
- Program services expenses (Part IX)
- $164,522,588
- Management and general expenses
- $5,350,003
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $164,522,588
Program services were 96.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
BOBBIE J RICHARDSON
SECRETARY
- Total calculated
- $1,664
- From this org
- $1,664
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
BRIAN RAYNOR
VICE CHAIR
- Total calculated
- $832
- From this org
- $832
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
JEFFREY LEE
TREASURER/ASST SECRETARY
- Total calculated
- $936
- From this org
- $936
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
RALPH STRAYHORN III
BOARD CHAIR
- Total calculated
- $1,456
- From this org
- $1,456
- From related orgs
- $0
- Other
- $0
- Hours/week
- 15
-
BARRY Z DODSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
BUDDY KELLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
CHARLES P BROWN
DIRECTOR
- Total calculated
- $1,144
- From this org
- $1,144
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
DARRYL MOSS
DIRECTOR (ENDED 01/2025)
- Total calculated
- $1,560
- From this org
- $1,560
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
DAVID L ROSE
DIRECTOR
- Total calculated
- $1,144
- From this org
- $1,144
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
DONALD E FLOW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
JARETTE SAMPSON
DIRECTOR (BEGAN 12/2024)
- Total calculated
- $0
- Hours/week
- 3
-
JOHNATHAN RHYNE JR
DIRECTOR (ENDED 11/2024)
- Total calculated
- $1,040
- From this org
- $1,040
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
LAURENCE LILLEY
DIRECTOR
- Total calculated
- $936
- From this org
- $936
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
MICHAEL EASLEY JR
DIRECTOR (BEGAN 01/2025)
- Total calculated
- $0
- Hours/week
- 3
-
RANDY ISENHOWER
DIRECTOR
- Total calculated
- $1,144
- From this org
- $1,144
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
S LAWRENCE DAVENPORT
DIRECTOR
- Total calculated
- $1,144
- From this org
- $1,144
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
THOMAS F TAFT SR
DIRECTOR
- Total calculated
- $832
- From this org
- $832
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
ANGELA GAILLIARD
DIRECTOR OF PROGRAMS
- Total calculated
- $149,638
- From this org
- $124,402
- From related orgs
- $0
- Other
- $25,236
- Hours/week
- 40
-
EDWARD P LORD
SVP/GENERAL COUNSEL
- Total calculated
- $261,056
- From this org
- $218,498
- From related orgs
- $0
- Other
- $42,558
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $209,724
- Bonus
- $8,000
- Other
- $774
- Deferred
- $22,142
- Nontaxable benefits
- $20,416
- Filer's total
- $261,056
-
ERICA L SMITH
VP OF FINANCE
- Total calculated
- $214,392
- From this org
- $171,785
- From related orgs
- $0
- Other
- $42,607
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $163,515
- Bonus
- $8,000
- Other
- $270
- Deferred
- $17,666
- Nontaxable benefits
- $24,941
- Filer's total
- $214,392
-
JONATHAN P BOYD
VP OF INVESTMENTS
- Total calculated
- $182,755
- From this org
- $147,928
- From related orgs
- $0
- Other
- $34,827
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $145,766
- Bonus
- $2,000
- Other
- $162
- Deferred
- $15,437
- Nontaxable benefits
- $19,390
- Filer's total
- $182,755
-
KASEY E GINSBERG
VP/CHIEF OF STAFF
- Total calculated
- $198,168
- From this org
- $168,302
- From related orgs
- $0
- Other
- $29,866
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $160,140
- Bonus
- $8,000
- Other
- $162
- Deferred
- $16,940
- Nontaxable benefits
- $12,926
- Filer's total
- $198,168
-
MARILYN M CHISM
DIRECTOR OF PROGRAMS
- Total calculated
- $145,529
- From this org
- $130,556
- From related orgs
- $0
- Other
- $14,973
- Hours/week
- 40
-
SCOTT T HAMILTON
PRESIDENT/CEO
- Total calculated
- $346,699
- From this org
- $303,207
- From related orgs
- $0
- Other
- $43,492
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $277,019
- Bonus
- $25,000
- Other
- $1,188
- Deferred
- $30,425
- Nontaxable benefits
- $13,067
- Filer's total
- $346,699
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 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 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
-
$57,500,000
Hurricane Helene Small Business Loans & Helene Small Business Recovery Fund Request
-
North Carolina Department of Public Instruction
$25,000,000
Golden LEAF Schools
-
$13,000,000
Wilson Biologics Training Center Equipment
-
$8,000,000
Job Creation and New Regional Educational Pathways with Methodist University Cape Fear Valley School of Medicine
-
North Carolina Housing Finance Agency
$6,000,000
Housing Projects
-
Golden LEAF Colleges and Universities Scholarship (2025-2026)
-
North Carolina Community College System
$3,000,000
Golden LEAF Community Colleges Scholarship (2025-2026)
-
$2,940,000
Helene Relief Project
-
$2,875,000
Robeson County Site Development Project & Shell Project
-
Rowan-Cabarrus Community College
$2,225,000
Expanding Advanced Manufacturing Pathways at RCCC & Expanding Automotive Technology Pathways in Cabarrus County
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 24 October 2025
- IRS schema version
- 2024v5.1
- Source object
- 202542979349301619
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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