Totals
- Total revenue
- $791,573
- Total expenses
- $716,808
- Contributions and grants received
- $673,761
- Grants paid
- $689,164
- Program service revenue
- $0
- Investment income
- $64,386
- Other revenue
- $53,426
- Total assets, end of year
- $974,985
- Total liabilities, end of year
- $7,701
- Net assets or fund balances, end of year
- $967,284
- Program services expenses (Part IX)
- $711,881
- Management and general expenses
- $4,282
- Fundraising expenses
- $645
- Program service expenses (Part III)
- $711,881
Program services were 99.3% 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.
-
1c · Fundraising events
$459,983
-
1f · All other contributions, gifts and grants
$213,778
-
3 · Investment income
total $64,386 · excluded $64,386
-
8a · Fundraising events: gross income
$216,274
-
8a · Fundraising events: contributions included on line 1c
$459,983
-
8b · Fundraising events: direct expenses
$166,368
-
8c · Net income from fundraising events
total $49,906 · excluded $49,906
-
9a · Gaming: gross income
$3,020
-
9c · Net income from gaming
total $3,020 · related or exempt $3,020
-
11a · Other revenue: Credit Card Rewards
total $500 · excluded $500
-
11e · Other revenue, total
$500
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $675,000 · program services $675,000
-
2 · Grants to domestic individuals
total $14,164 · program services $14,164
-
11c · Fees: accounting
total $1,250 · management and general $1,250
-
12 · Advertising and promotion
total $16,404 · program services $16,404
-
13 · Office expenses
total $852 · program services $271 · management and general $186 · fundraising $395
-
14 · Information technology
total $3,172 · program services $3,012 · management and general $160
-
16 · Occupancy
total $2,742 · program services $1,566 · management and general $1,176
-
23 · Insurance
total $1,464 · program services $1,464
-
24a · Other expenses: Bank and Merchant Fees
total $1,400 · management and general $1,400
-
24b · Other expenses: Licenses and Permits
total $250 · fundraising $250
-
24c · Other expenses: Board Appreciation
total $110 · management and general $110
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $37,992 · end of year $81,608
-
2 · Savings and temporary cash investments
beginning of year $260,860 · end of year $222,250
-
4 · Accounts receivable
beginning of year $2,584 · end of year $986
-
11 · Investments: publicly traded securities
beginning of year $599,524 · end of year $670,141
-
17 · Accounts payable and accrued expenses
beginning of year $8,441 · end of year $7,701
-
27 · Net assets without donor restrictions
beginning of year $892,519 · end of year $967,284
Mission and programs · 2024
Mission
To provide funds to local non-profit organizations and schools serving Brunswick, New Hanover and Pender counties in North Carolina for programs and projects that provide for the arts, education, and health and welfare.
-
Awarded $575,000 in total grants to 112 charitable organizations.
Expenses $582,572 · Grants $575,000
-
Provided five charitable organizations with a total of $100,000 in capital improvement grants.
Expenses $107,573 · Grants $100,000
-
Provided 24 educational scholarships.
Expenses $21,736 · Grants $14,164
As filed on the 2024 return.
Listed in Part VII
-
John Earl
Board MemberOperations
- Total calculated
- $0
- Hours/week
- 1
-
Christina Whalen
Board MemberEvents
- Total calculated
- $0
- Hours/week
- 3
-
Jane Carlson
Board MemberMarketing
- Total calculated
- $0
- Hours/week
- 2
-
Alison Bernhart
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Deloris Rhodes
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Lisa Theirault
Board MemberTechnology
- Total calculated
- $0
- Hours/week
- 1
-
Sheri Mercer
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Phil Ley
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Darcee Strube
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Denise Baer
Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
Bob Harootyan
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Karin Carson
Assistant Treasurer
- Total calculated
- $0
- Hours/week
- 3
-
Dan Levine
Board President
- Total calculated
- $0
- Hours/week
- 3
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
-
$30,000
Charitable Support
-
$27,000
Charitable Support
-
Ocean Isle Museum Foundation Inc
$23,000
Charitable Support
-
Winter Park Elementary School
$10,000
Charitable Support
-
$10,000
Charitable Support
-
$10,000
Charitable Support
-
$10,000
Charitable Support
-
Charitable Support
-
$10,000
Charitable Support
-
Rocky Point Elementary School
$9,250
Charitable Support
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 2 May 2025
- IRS schema version
- 2024v5.2
- Source object
- 202532029349300443
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.