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Nonprofiteer
← THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA INC

Form 990 for tax year 2024

Filed by THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA INC.

Totals

Total revenue
$87,667,848
Total expenses
$67,270,337
Contributions and grants received
$70,733,461
Grants paid
$61,908,745
Program service revenue
$746,052
Investment income
$16,131,557
Other revenue
$56,778
Total assets, end of year
$481,026,894
Total liabilities, end of year
$118,577,564
Net assets or fund balances, end of year
$362,449,330
Program services expenses (Part IX)
$64,359,669
Management and general expenses
$2,220,885
Fundraising expenses
$689,783
Program service expenses (Part III)
$64,359,669

Program services were 95.7% 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.

  • 1e · Government grants (contributions)

    $69,648

  • 1f · All other contributions, gifts and grants

    $70,663,813

  • 1g · Noncash contributions included above

    $15,203,249

  • 2a · Program service revenue: MGMT FEE INCOME (NET-SEE SCH O)

    total $692,932 · excluded $692,932

  • 2b · Program service revenue: WFW FUND INCOME

    total $39,200 · excluded $39,200

  • 2c · Program service revenue: EVENT REGISTRATIONS

    total $13,920 · excluded $13,920

  • 3 · Investment income

    total $7,205,767 · unrelated business $128,392 · excluded $7,077,375

  • 7a · Gross sales of assets other than inventory

    securities $52,441,129

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

    securities $43,515,339

  • 7c · Gain or loss

    securities $8,925,790

  • 7d · Net gain or loss

    total $8,925,790 · excluded $8,925,790

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $56,778 · excluded $56,778

  • 11e · Other revenue, total

    $56,778

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $61,369,745 · program services $61,369,745

  • 2 · Grants to domestic individuals

    total $539,000 · program services $539,000

  • 5 · Compensation of officers, directors and key employees

    total $1,585,703 · program services $714,159 · management and general $648,348 · fundraising $223,196

  • 7 · Other salaries and wages

    total $1,046,102 · program services $646,472 · management and general $273,530 · fundraising $126,100

  • 8 · Pension plan contributions

    total $75,395 · program services $38,979 · management and general $26,410 · fundraising $10,006

  • 9 · Other employee benefits

    total $223,513 · program services $115,555 · management and general $78,293 · fundraising $29,665

  • 10 · Payroll taxes

    total $164,827 · program services $85,215 · management and general $57,736 · fundraising $21,876

  • 11a · Fees: management

    total $599,855 · program services $310,122 · management and general $210,119 · fundraising $79,614

  • 11b · Fees: legal

    total $13,504 · program services $6,982 · management and general $4,730 · fundraising $1,792

  • 11c · Fees: accounting

    total $139,342 · program services $72,039 · management and general $48,809 · fundraising $18,494

  • 11f · Fees: investment management

    total $560,294 · management and general $560,294

  • 11g · Fees: other

    total $156,453 · program services $80,885 · management and general $54,803 · fundraising $20,765

  • 13 · Office expenses

    total $117,330 · program services $60,659 · management and general $41,099 · fundraising $15,572

  • 16 · Occupancy

    total $90,775 · program services $46,930 · management and general $31,797 · fundraising $12,048

  • 17 · Travel

    total $11,167 · program services $5,773 · management and general $3,912 · fundraising $1,482

  • 19 · Conferences, conventions and meetings

    total $17,234 · program services $8,910 · management and general $6,037 · fundraising $2,287

  • 22 · Depreciation, depletion and amortization

    total $74,911 · program services $38,729 · management and general $26,240 · fundraising $9,942

  • 23 · Insurance

    total $28,061 · program services $14,508 · management and general $9,829 · fundraising $3,724

  • 24a · Other expenses: EQUIPMENT MAINTENANCE

    total $128,986 · program services $66,685 · management and general $45,181 · fundraising $17,120

  • 24b · Other expenses: CONTRACT SERVICES

    total $111,340 · program services $57,562 · management and general $39,001 · fundraising $14,777

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $97,502 · program services $50,408 · management and general $34,153 · fundraising $12,941

  • 24d · Other expenses: PUBLIC RELATIONS

    total $60,589 · fundraising $60,589

  • 24e · All other expenses

    total $58,709 · program services $30,352 · management and general $20,564 · fundraising $7,793

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $507,507 · end of year $999,487

  • 2 · Savings and temporary cash investments

    beginning of year $18,158,217 · end of year $26,099,952

  • 4 · Accounts receivable

    beginning of year $138,100 · end of year $131,958

  • 7 · Other notes and loans receivable

    beginning of year $3,000,000 · end of year $3,000,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,049 · end of year $14,161

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

    $3,023,915

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

    $1,199,423

  • 10c · Land, buildings and equipment, net

    beginning of year $1,892,172 · end of year $1,824,492

  • 11 · Investments: publicly traded securities

    beginning of year $226,275,012 · end of year $257,031,268

  • 12 · Investments: other securities

    beginning of year $184,904,135 · end of year $191,925,576

  • 17 · Accounts payable and accrued expenses

    beginning of year $37,557 · end of year $106,118

  • 18 · Grants payable

    beginning of year $660,303 · end of year $741,420

  • 25 · Other liabilities

    beginning of year $110,983,094 · end of year $117,730,026

  • 27 · Net assets without donor restrictions

    beginning of year $7,269,177 · end of year $7,908,915

  • 28 · Net assets with donor restrictions

    beginning of year $315,939,061 · end of year $354,540,415

Mission and programs · 2024

Mission

THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA PROMOTES AND EXPANDS REGIONAL PHILANTHROPY AND DEVELOPS LOCAL FUNDS THAT ADDRESS CHANGING NEEDS AND OPPORTUNITIES IN THE 18 COUNTIES OF WESTERN NORTH CAROLINA.

Activities or mission (Part I)

PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S MISSION STATEMENT.THE COMMUNITY FOUNDATION IS A PHILANTHROPIC ORGANIZATION DEDICATED TO RAISING CHARITABLE CAPITAL FOR THE BENEFIT OF ITS 18-COUNTY REGION, AND STRATEGICALLY ALLOCATING RESOURCES TO ADDRESS PRESSING NEEDS.

  • THE FOUNDATION MADE NUMEROUS CONTRIBUTIONS TO TAX EXEMPT ORGANIZATIONS AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND TO INDIVIDUALS FOR SCHOLARSHIPS.

    Expenses $64,359,669 · Grants $61,908,745 · Revenue $802,830

As filed on the 2024 return.

Listed in Part VII

  • Elizabeth K Brazas

    PRESIDENT

    Total calculated
    $394,802
    From this org
    $343,901
    From related orgs
    $0
    Other
    $50,901
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $331,401
    Bonus
    $12,500
    Other
    $0
    Deferred
    $30,500
    Nontaxable benefits
    $20,401
    Filer's total
    $394,802

  • Juanita Wilson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Harris M Livingstain

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sharon Fouts Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Fields

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Natalie N Bailey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott Peterson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ellen O Carr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Milton Butterworth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • J Chris Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matthew T Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jean McLaughlin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carla Barnard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lynn M Wilson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carter B Webb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Himanshu Karvir

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joanne Badr

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Francisco Castelblanco

    VICE CHAIR & SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Yolanda Fair

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Heather P Norton

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Constance M Haire

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Graham Keever

    ASSISTANT TREASURER

    Total calculated
    $294,056
    From this org
    $230,997
    From related orgs
    $0
    Other
    $63,059
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,597
    Bonus
    $11,400
    Other
    $0
    Deferred
    $30,500
    Nontaxable benefits
    $32,559
    Filer's total
    $294,056

  • Julie D Klipp

    ASSISTANT SECRETARY

    Total calculated
    $199,974
    From this org
    $163,611
    From related orgs
    $0
    Other
    $36,363
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,211
    Bonus
    $1,400
    Other
    $0
    Deferred
    $22,992
    Nontaxable benefits
    $13,371
    Filer's total
    $199,974

  • Naomi Davis

    ASSISTANT TREASURER

    Total calculated
    $117,270
    From this org
    $97,537
    From related orgs
    $0
    Other
    $19,733
    Hours/week
    40

  • Janet Sharp

    ASSISTANT TREASURER

    Total calculated
    $125,004
    From this org
    $94,426
    From related orgs
    $0
    Other
    $30,578
    Hours/week
    40

  • Melissa Crouse

    ASSISTANT TREASURER

    Total calculated
    $65,984
    From this org
    $54,489
    From related orgs
    $0
    Other
    $11,495
    Hours/week
    40

  • Laura Herndon

    VICE PRESIDENT, DEVELOPMEN

    Total calculated
    $161,410
    From this org
    $130,116
    From related orgs
    $0
    Other
    $31,294
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,716
    Bonus
    $1,400
    Other
    $0
    Deferred
    $15,603
    Nontaxable benefits
    $15,691
    Filer's total
    $161,410

  • Philip P Belcher

    VICE PRESIDENT PROGRAMS

    Total calculated
    $196,072
    From this org
    $157,601
    From related orgs
    $0
    Other
    $38,471
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,876
    Bonus
    $725
    Other
    $0
    Deferred
    $7,966
    Nontaxable benefits
    $30,505
    Filer's total
    $196,072

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

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
26 February 2026
IRS schema version
2024v5.5
Source object
202630579349300618

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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