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Nonprofiteer
← WNC BRIDGE FOUNDATION

Form 990 for tax year 2024

Filed by WNC BRIDGE FOUNDATION.

Totals

Total revenue
$11,836,735
Total expenses
$9,097,750
Contributions and grants received
$1,399,149
Grants paid
$4,299,378
Program service revenue
$0
Investment income
$9,523,863
Other revenue
$913,723
Total assets, end of year
$128,597,202
Total liabilities, end of year
$3,891,263
Net assets or fund balances, end of year
$124,705,939
Program services expenses (Part IX)
$4,881,702
Management and general expenses
$3,322,631
Fundraising expenses
$893,417
Program service expenses (Part III)
$4,881,702

Program services were 53.7% 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

    $1,399,149

  • 1g · Noncash contributions included above

    $21,529

  • 3 · Investment income

    total $1,911,798 · excluded $1,911,798

  • 5 · Royalties

    total $552 · excluded $552

  • 6a · Gross rents

    real property $97,040

  • 6b · Less rental expenses

    real property $38,846

  • 6c · Rental income or loss

    real property $58,194

  • 6d · Net rental income or loss

    total $58,194 · related or exempt $97,040 · unrelated business -$38,846

  • 7a · Gross sales of assets other than inventory

    securities $47,744,734 · other assets $85,719

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

    securities $40,162,188 · other assets $56,200

  • 7c · Gain or loss

    securities $7,582,546 · other assets $29,519

  • 7d · Net gain or loss

    total $7,612,065 · unrelated business $101,762 · excluded $7,510,303

  • 10a · Gross sales of inventory

    $1,142,839

  • 10b · Cost of goods sold

    $288,661

  • 10c · Net income from sales of inventory

    total $854,178 · related or exempt $854,178

  • 11a · Other revenue: ORD GAIN FROM K-1 FIFTH AVE REAL

    total $31,171 · unrelated business $31,171

  • 11b · Other revenue: ORD GAIN FROM K-1 FIFTH AVE REAL

    total $9,533 · unrelated business $9,533

  • 11c · Other revenue: ORD LOSS FROM K-1 FIFTH AVE PRIVA

    total -$16,175 · unrelated business -$16,175

  • 11d · All other revenue

    total -$23,730 · unrelated business -$23,730

  • 11e · Other revenue, total

    $799

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,997,127 · program services $3,997,127

  • 2 · Grants to domestic individuals

    total $302,251 · program services $302,251

  • 5 · Compensation of officers, directors and key employees

    total $259,559 · program services $64,890 · management and general $129,779 · fundraising $64,890

  • 7 · Other salaries and wages

    total $1,464,423 · program services $278,338 · management and general $793,361 · fundraising $392,724

  • 8 · Pension plan contributions

    total $48,504 · program services $9,219 · management and general $26,277 · fundraising $13,008

  • 9 · Other employee benefits

    total $198,418 · program services $37,713 · management and general $107,494 · fundraising $53,211

  • 10 · Payroll taxes

    total $132,483 · program services $25,181 · management and general $71,773 · fundraising $35,529

  • 11b · Fees: legal

    total $6,168 · management and general $6,168

  • 11c · Fees: accounting

    total $56,435 · management and general $56,435

  • 11f · Fees: investment management

    total $290,645 · management and general $282,390 · fundraising $8,255

  • 11g · Fees: other

    total $107,025 · program services $8,580 · management and general $90,667 · fundraising $7,778

  • 12 · Advertising and promotion

    total $42,248 · management and general $42,248

  • 13 · Office expenses

    total $185,108 · program services $57,631 · management and general $65,857 · fundraising $61,620

  • 14 · Information technology

    total $213,038 · program services $31,621 · management and general $169,665 · fundraising $11,752

  • 16 · Occupancy

    total $576,853 · program services $60,167 · management and general $301,543 · fundraising $215,143

  • 17 · Travel

    total $47,510 · program services $3,887 · management and general $28,687 · fundraising $14,936

  • 20 · Interest

    total $402,290 · management and general $402,263 · fundraising $27

  • 22 · Depreciation, depletion and amortization

    total $649,987 · management and general $649,987

  • 23 · Insurance

    total $94,361 · management and general $94,361

  • 24a · Other expenses: FOOD & PROGRAM SUPPLIES

    total $23,317 · program services $5,097 · management and general $3,676 · fundraising $14,544

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $551,696 · end of year $1,172,540

  • 2 · Savings and temporary cash investments

    beginning of year $276,654 · end of year $306,704

  • 4 · Accounts receivable

    beginning of year $11,390 · end of year $96,089

  • 9 · Prepaid expenses and deferred charges

    beginning of year $127,359 · end of year $118,484

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

    $12,462,360

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

    $3,036,874

  • 10c · Land, buildings and equipment, net

    beginning of year $10,091,350 · end of year $9,425,486

  • 11 · Investments: publicly traded securities

    beginning of year $95,548,250 · end of year $92,941,921

  • 12 · Investments: other securities

    beginning of year $19,737,661 · end of year $23,527,186

  • 14 · Intangible assets

    beginning of year $517,281 · end of year $342,143

  • 15 · Other assets

    beginning of year $606,231 · end of year $666,649

  • 17 · Accounts payable and accrued expenses

    beginning of year $705,483 · end of year $559,982

  • 23 · Secured mortgages and notes payable

    beginning of year $9,844,267 · end of year $2,940,317

  • 25 · Other liabilities

    beginning of year $658,928 · end of year $390,964

  • 27 · Net assets without donor restrictions

    beginning of year $113,291,368 · end of year $121,332,999

  • 28 · Net assets with donor restrictions

    beginning of year $2,967,826 · end of year $3,372,940

Mission and programs · 2024

Mission

WNC BRIDGE FOUNDATION EXISTS TO CONNECT OUR COMMUNITIES TO A HEALTHIER FUTURE AND TO CREATE LASTING CHANGE THROUGH LOCAL PARTNERSHIPS. OUR EFFORTS ARE FOCUSED ON EXPANDING ACCESS AND EQUITY FOR VULNERABLE POPULATIONS IN OUR COMMUNITIES.WE ARE A COMMUNITY-BASED CHARITABLE ORGANIZATION THAT WORKS TO PROVIDE FUNDS TO SUPPORT AND ASSIST IN MEETING THE MANY HEALTH CHALLENGES THAT FACE THE PEOPLE OF WNC. WE PROVIDE DIRECT SUPPORT AND ALSO EMPOWER CAREFULLY SELECTED NON-PROFITS TO IMPACT INDIVIDUAL AND COMMUNITY WELLNESS IN OUR COMMUNITIES THROUGHOUT THE WNC REGION.

Activities or mission (Part I)

TO PROVIDE FUNDS TO ASSIST IN MEETING THE HEALTH CHALLENGES OF PEOPLE IN THE COMMUNITIES OF WNC AND TO EMPOWER NONPROFITS TO IMPACT INDIVIDUAL AND COMMUNITY WELLNESS IN THOSE COMMUNITIES.

  • WNC BRIDGE FOUNDATION INVESTED $4,299,378 IN GRANTS AND COMMUNITY INITIATIVES IN THE EIGHTEEN COUNTIES OF WESTERN NORTH CAROLINA.-$13,874 IN SAFE HOUSING AND FOOD INSECURITY (AIM GRANTS)-$844,208 IN ADDITIONAL WNC BRIDGE COMMUNITY INITIATIVES (RATHBUN HOUSE, YOU'RE SPECIAL FUND, CHILDREN'S SERVICES FUND, HEALTH SCHOLARSHIPS AND WNC GREATEST NEEDS, HURRICANE HELENE RELIEF)-$992,406 IN NOW GRANT FUNDING FOR NON-PROFITS TO OBTAIN QUICK FUNDING AND FUNDING FOR HURRICANE RELIEF-$290,094 IN SCHOLARSHIPS FOR HIGH SCHOOL STUDENTS AND SPONSORSHIPS FOR NON-PROFIT FUNDRAISERS

    Expenses $2,722,906 · Grants $2,140,582 · Revenue $97,040

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $2,158,796 · Grants $2,158,796

  • THE ORGANIZATION OPERATES A THRIFT STORE AND OFFERS ESTATE SALES. INCOME FROM THE THRIFT STORE AND COMMISSIONS FROM ESTATE SALES ARE INCLUDED IN REVENUE FROM THE SALE OF INVENTORY. THE COST OF GOODS SOLD FOR THE THRIFT STORE, $288,661, IS NETTED WITH REVENUE, $1,142,839.THE DONATIONS TO THE THRIFT STORE ARE NOT INCLUDED IN NON-CASH CONTRIBUTIONS.

    Revenue $854,178

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. 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

  • Scott W Buchanan

    CEO & PRESIDENT

    Total calculated
    $259,559
    From this org
    $215,141
    From related orgs
    $0
    Other
    $44,418
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,141
    Bonus
    $25,000
    Other
    $0
    Deferred
    $30,500
    Nontaxable benefits
    $13,918
    Filer's total
    $259,559

  • David W Hart

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Matt Groome CPA CFP Qpfc

    CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    2

  • Gay P Vinson

    PAST-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Kerry Friedman JD

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • David L Hayes

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Elizabeth Cozart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eugene Edwards Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Judy Futch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Donna Hastie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin Baxter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jean Lee JD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William N Lewin CPA Cgma

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rendi Mann-Stadt JD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sarajane Melton Mhs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Catherine Metzger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lowell Pearlman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lary A Schulhof MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kate Vogel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Allison Krivatch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Pierce

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Winfield Word-Sims MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Haize Lewis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jessica Bentley

    VICE PRESIDENT, FINANCE

    Total calculated
    $137,284
    From this org
    $117,744
    From related orgs
    $0
    Other
    $19,540
    Hours/week
    40

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 · 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 294 OVERLOOK LLC

    REAL ESTATE · NC · assets $6,783,950

  • RATHBUN HOUSE LLC

    REAL ESTATE · NC · assets $2,480,030

Provenance

Return type
form_990
Tax year
2024
Filed
7 November 2025
IRS schema version
2024v5.2
Source object
202513179349311246

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