Form 990 for tax year 2022
Filed by COMMUNITY FOUNDATION OF NC EAST INC.
Totals
- Total revenue
- $3,890,255
- Total expenses
- $3,589,086
- Contributions and grants received
- $3,449,096
- Grants paid
- $2,246,354
- Program service revenue
- $0
- Investment income
- $220,380
- Other revenue
- $220,779
- Total assets, end of year
- $14,267,102
- Total liabilities, end of year
- $104,866
- Net assets or fund balances, end of year
- $14,162,236
- Program services expenses (Part IX)
- $3,429,501
- Management and general expenses
- $140,546
- Fundraising expenses
- $19,039
- Program service expenses (Part III)
- $3,429,501
Program services were 95.6% 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)
$250,000
-
1f · All other contributions, gifts and grants
$3,199,096
-
1g · Noncash contributions included above
$112,097
-
3 · Investment income
total $220,380 · excluded $220,380
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$32,003
-
8c · Net income from fundraising events
total $32,003
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Administrative Fees
total $188,776 · related or exempt $188,776
-
11e · Other revenue, total
$188,776
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,246,354 · program services $2,246,354
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $142,056 · program services $142,056
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $62,167 · program services $31,084 · management and general $31,083
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $26,187 · program services $21,468 · management and general $4,719
-
10 · Payroll taxes
total $16,520 · program services $13,787 · management and general $2,733
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $9,982 · management and general $9,982
-
11c · Fees: accounting
total $4,633 · management and general $4,633
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $111,318 · program services $111,318
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $38,825 · program services $38,825
-
13 · Office expenses
total $26,619 · program services $13,310 · management and general $13,309
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $57,377 · program services $14,729 · management and general $42,648
-
17 · Travel
total $21,495 · program services $16,121 · management and general $5,374
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $1,628 · management and general $1,628
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $11,820 · management and general $11,820
-
23 · Insurance
total $5,563 · program services $2,782 · management and general $2,781
-
24a · Other expenses: Pgm.Exp. - Donor Advised Funds
total $764,754 · program services $764,754
-
24b · Other expenses: Fundraising Expenses
total $19,039 · fundraising $19,039
-
24c · Other expenses: Dues and Subscriptions
total $11,805 · program services $11,805
-
24d · Other expenses: Board Development
total $6,311 · management and general $6,311
-
24e · All other expenses
total $4,633 · program services $1,108 · management and general $3,525
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,064,378 · end of year $2,057,833
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$120,026
-
10b · Land, buildings and equipment: accumulated depreciation
$60,934
-
10c · Land, buildings and equipment, net
beginning of year $23,752 · end of year $59,092
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
beginning of year $15,050,206 · end of year $12,144,456
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $2,869 · end of year $5,721
-
17 · Accounts payable and accrued expenses
beginning of year $15,993 · end of year $20,101
-
25 · Other liabilities
beginning of year $9,548 · end of year $84,765
-
27 · Net assets without donor restrictions
beginning of year $11,218 · end of year -$22,189
-
28 · Net assets with donor restrictions
beginning of year $16,104,446 · end of year $14,184,425
Mission and programs · 2022
Mission
The Community Foundation of NC East promotes, enables, and celebrates philanthropy in eastern North Carolina.
-
Grants and support provided to local and regional community and charitable organizations to improve living, working, education, and economic conditions.
Expenses $1,682,631 · Grants $1,682,631
-
Program expenses of donor-advised charitable funds and operating expenses directly attributed to the organization's mission.
Expenses $1,183,147
-
Withheld by Nonprofiteer: this text may name a private individual.
Expenses $563,723 · Grants $563,723
As filed on the 2022 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.
Listed in Part VII
-
Mrs Melissa Spain
Executive Dir.
- Total calculated
- $142,056
- From this org
- $142,056
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Mr Will Daugherty
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dr John Bray
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr James L Lanier
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr Walter Bolden
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Dr Francis G Serio
President
- Total calculated
- $0
- Hours/week
- 2
-
Mr Randy Tomsic
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ms Simmi Prasad
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr Micah Ball
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Mr PJ Connelly Jr
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dr Mary J Raab
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr Barbour Strickland
Director
- 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
-
The Foundation of Wayne Commu
$250,000
Scholarships
-
The Community Fdn of NC East
$212,274
General Support
-
Childrens Miracle Network
$184,088
General Support
-
Jarvis Memorial UMC
$107,649
General Support
-
Greenville Museum of Art
$81,510
General Support
-
East Carolina University Foun
$58,850
Scholarships & General Support
-
East Carolina University
$52,510
Scholarships & General Support
-
Building Hope Community Life Ctr
$52,500
General Support
-
Agape Flights Inc
$50,000
General Support
-
International Cooperating Min
$48,000
General Support
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 23 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441209349301584
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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