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← NORTH CAROLINA FOUNDATION FOR CHRISTIAN MINISTRIES

Form 990 for tax year 2024

Filed by NORTH CAROLINA FOUNDATION FOR CHRISTIAN MINISTRIES.

Totals

Total revenue
$942,194
Total expenses
$512,869
Contributions and grants received
$406,043
Grants paid
$383,680
Program service revenue
$0
Investment income
$536,151
Other revenue
$0
Total assets, end of year
$10,822,793
Total liabilities, end of year
$5,805
Net assets or fund balances, end of year
$10,816,988
Program services expenses (Part IX)
$449,844
Management and general expenses
$50,893
Fundraising expenses
$12,132
Program service expenses (Part III)
$449,844

Program services were 87.7% 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

    $406,043

  • 3 · Investment income

    total $233,127 · related or exempt $233,127

  • 7a · Gross sales of assets other than inventory

    securities $2,551,637

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

    securities $2,248,613

  • 7c · Gain or loss

    securities $303,024

  • 7d · Net gain or loss

    total $303,024 · related or exempt $303,024

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $367,465 · program services $367,465

  • 2 · Grants to domestic individuals

    total $16,215 · program services $16,215

  • 7 · Other salaries and wages

    total $22,375 · program services $11,188 · management and general $4,475 · fundraising $6,712

  • 9 · Other employee benefits

    total $1,000 · program services $500 · management and general $200 · fundraising $300

  • 10 · Payroll taxes

    total $1,712 · program services $856 · management and general $342 · fundraising $514

  • 11a · Fees: management

    total $18,600 · management and general $18,600

  • 11b · Fees: legal

    total $75 · management and general $75

  • 11c · Fees: accounting

    total $5,200 · management and general $5,200

  • 11f · Fees: investment management

    total $53,346 · program services $49,846 · management and general $3,500

  • 13 · Office expenses

    total $7,547 · program services $3,774 · management and general $1,509 · fundraising $2,264

  • 14 · Information technology

    total $5,927 · management and general $5,927

  • 16 · Occupancy

    total $3,000 · management and general $1,500 · fundraising $1,500

  • 17 · Travel

    total $1,683 · management and general $841 · fundraising $842

  • 19 · Conferences, conventions and meetings

    total $5,887 · management and general $5,887

  • 23 · Insurance

    total $1,517 · management and general $1,517

  • 24a · Other expenses: MISCELLANEOUS

    total $1,320 · management and general $1,320

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $404,103 · end of year $467,950

  • 2 · Savings and temporary cash investments

    beginning of year $123,462 · end of year $122,417

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

    $349

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

    $349

  • 11 · Investments: publicly traded securities

    beginning of year $1,177 · end of year $2,760

  • 12 · Investments: other securities

    beginning of year $95,363 · end of year $100,783

  • 13 · Investments: program-related

    beginning of year $9,135,591 · end of year $10,128,883

  • 17 · Accounts payable and accrued expenses

    beginning of year $120 · end of year $2,094

  • 25 · Other liabilities

    beginning of year $9,211 · end of year $3,711

  • 27 · Net assets without donor restrictions

    beginning of year $520,154 · end of year $581,805

  • 28 · Net assets with donor restrictions

    beginning of year $9,230,211 · end of year $10,235,183

Mission and programs · 2024

Mission

TO FOSTER AND PROMOTE CHRISTIAN STEWARDSHIP AND FOR PROMOTING AND PROVIDING SUPPORT TO THE MINISTRIES IN NORTH CAROLINA AFFILIATED WITH OR CONSISTENT WITH THE CONVENTION OF ORIGINAL FREE WILL BAPTISTS AND OTHER CHARITABLE, EDUCATION, LITERARY, AND CHRISTIAN PURPOSES.

  • TO FOSTER AND PROMOTE CHRISTIAN STEWARDSHIP AND FOR PROMOTING AND PROVIDING SUPPORT TO THE MINISTRIES IN NORTH CAROLINA AFFILIATED WITH OR CONSISTENT WITH THE CONVENTION OF ORIGINAL FREE WILL BAPTISTS AND OTHER CHARITABLE, EDUCATION, LITERARY, AND CHRISTIAN PURPOSES.

    Expenses $433,629

  • TO PROVIDE SCHOLARSHIPS TO ASSIST STUDENTS ATTENDING ACCREDITED COLLEGES, DIVINITY SCHOOLS, OR SEMINARIES IN PREPARING FOR MINISTERIALSERVICE TO ORIGINAL FREE WILL BAPTISTS. SHEPHERDS FUND. 5 SCHOLARSHIPS AWARDED IN 2024.

    Expenses $16,215

As filed on the 2024 return.

Listed in Part VII

  • Ricky Warren

    EXECUTIVE DIRECTOR

    Total calculated
    $14,000
    From this org
    $13,000
    From related orgs
    $0
    Other
    $1,000
    Hours/week
    15

  • Dianne R Gray

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Don E Lassiter

    PRESIDENTCHAIRMAN

    Total calculated
    $0
    Hours/week
    3

  • CHARLES L MCLAWHORN Jr

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • DAN L TAYLOR Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Don Ribeiro

    SECRETARYTREASURER

    Total calculated
    $0
    Hours/week
    2

  • Judy H Thaanum

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joshua Hobgood

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202543219349300149

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