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Nonprofiteer
← LGBT CENTER OF RALEIGH INC

Form 990 for tax year 2024

Filed by LGBT CENTER OF RALEIGH INC.

Totals

Total revenue
$510,970
Total expenses
$521,436
Contributions and grants received
$643,237
Grants paid
$0
Program service revenue
$12,354
Investment income
$22,636
Other revenue
-$167,257
Total assets, end of year
$1,480,681
Total liabilities, end of year
$691,049
Net assets or fund balances, end of year
$789,632
Program services expenses (Part IX)
$370,394
Management and general expenses
$89,715
Fundraising expenses
$61,327
Program service expenses (Part III)
$370,394

Program services were 71.0% 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

    $215,240

  • 1f · All other contributions, gifts and grants

    $427,997

  • 1g · Noncash contributions included above

    $119,249

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $12,354 · related or exempt $12,354

  • 3 · Investment income

    total $22,636 · related or exempt $22,636

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $215,240

  • 8b · Fundraising events: direct expenses

    $169,322

  • 8c · Net income from fundraising events

    total -$169,322 · excluded -$169,322

  • 11a · Other revenue: OTHER INCOME

    total $2,065 · related or exempt $2,065

  • 11e · Other revenue, total

    $2,065

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $96,688 · program services $75,997 · management and general $7,445 · fundraising $13,246

  • 7 · Other salaries and wages

    total $220,773 · program services $173,529 · management and general $16,998 · fundraising $30,246

  • 9 · Other employee benefits

    total $28,245 · program services $22,200 · management and general $2,175 · fundraising $3,870

  • 10 · Payroll taxes

    total $25,662 · program services $20,170 · management and general $1,976 · fundraising $3,516

  • 11c · Fees: accounting

    total $48,845 · management and general $48,845

  • 11f · Fees: investment management

    total $2,280 · management and general $2,280

  • 11g · Fees: other

    total $8,000 · program services $6,352 · management and general $824 · fundraising $824

  • 13 · Office expenses

    total $9,997 · program services $7,937 · management and general $1,030 · fundraising $1,030

  • 14 · Information technology

    total $3,124 · program services $2,480 · management and general $322 · fundraising $322

  • 16 · Occupancy

    total $36,784 · program services $29,206 · management and general $3,789 · fundraising $3,789

  • 17 · Travel

    total $3,807 · program services $3,023 · management and general $392 · fundraising $392

  • 22 · Depreciation, depletion and amortization

    total $2,854 · program services $2,266 · management and general $294 · fundraising $294

  • 23 · Insurance

    total $7,579 · program services $5,957 · management and general $584 · fundraising $1,038

  • 24a · Other expenses: PROPERTY TAXES

    total $15,770 · program services $12,522 · management and general $1,624 · fundraising $1,624

  • 24b · Other expenses: OTHER FEES

    total $8,041 · program services $6,385 · management and general $828 · fundraising $828

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $1,368 · program services $1,085 · management and general $142 · fundraising $141

  • 24d · Other expenses: MEALS AND ENTERTAINMENT

    total $711 · program services $565 · management and general $73 · fundraising $73

  • 24e · All other expenses

    total $908 · program services $720 · management and general $94 · fundraising $94

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $129,112 · end of year $95,549

  • 2 · Savings and temporary cash investments

    beginning of year $262,611 · end of year $142,777

  • 3 · Pledges and grants receivable

    beginning of year $237,000 · end of year $64,701

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,554 · end of year $9,881

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

    $348,304

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

    $17,524

  • 10c · Land, buildings and equipment, net

    beginning of year $13,295 · end of year $330,780

  • 11 · Investments: publicly traded securities

    beginning of year $200,647 · end of year $222,599

  • 15 · Other assets

    beginning of year $159,656 · end of year $614,394

  • 17 · Accounts payable and accrued expenses

    beginning of year $61,821 · end of year $87,176

  • 25 · Other liabilities

    beginning of year $155,951 · end of year $603,873

  • 27 · Net assets without donor restrictions

    beginning of year $751,299 · end of year $763,299

  • 28 · Net assets with donor restrictions

    beginning of year $39,804 · end of year $26,333

Mission and programs · 2024

Mission

TO SERVE, EMPOWER, AND ADVOCATE FOR THE WELL-BEING OF OUR DIVERSE LGBTQ+ COMMUNITIES. THE CENTER ENVISIONS AN INCLUSIVE WORLD WHERE LGBTQ+ PEOPLE ARE THRIVING, EQUAL, AND VALUED MEMBERS OF SOCIETY.

  • QUEER LIFE INITIATIVE: THE GOAL OF THIS PROGRAM IS TO CREATE OPPORTUNITIES FOR PEOPLE OF ALL AGES AND IDENTITIES TO FIND COMMUNITY, BUILD STRONG SUPPORT NETWORKS, SHARE RESOURCES, AND CHIP AWAY BARRIERS THE LGBTQ+ COMMUNITY FACES WHEN ACCESSING CARE. HEALTHWORKS INITIATIVE: THIS PROGRAM BRINGS HEALTH AND WELLNESS RESOURCES AND SERVICES TOGETHER IN ONE PLACE WITH ITS LGBTQ+ COMMUNITY HEALTH FAIRS. THE FAIRS OFFER COVID-19 TESTING AND VACCINES, FLU VACCINES, HIV/STI TESTING SERVICES,FOOD RESOURCES, FREE HAIRCUTS, GENDER AFFIRMING CARE, MENTAL HEALTH CARE, AND MORE. THROUGH THESE, THIS PROGRAM HAS BEEN ABLE TO REACH HUNDREDS OF PEOPLE TO PROVIDE FOR THEIR SPECIFIC NEEDS. YOUTH AND FAMILY INITIATIVE: ASPYRE (A SAFER PLACE FOR YOUTH TO REACH FOR EXCELLENCE) LEADERSHIP CAMP HAS BEEN AN ACTIVITY OF THIS PROGRAM. THE COVID-19 PANDEMIC HAS CREATED A UNIQUE OPPORTUNITY TO ENGAGE WITH YOUTH THAT WOULD OTHERWISE NOT BE ABLE TO ATTEND THE CAMP. YOUNG ADULT COUNSELORS WORK TOGETHER TO BUILD A MEMORABLE DAY FOR THE YOUTH IN ATTENDANCE, WHICH HELPS THEM LEARN LEADERSHIP AND SELF-CARE SKILLS, THE IMPACT OF INTERSECTIONALITY WITHIN THE LGBTQ+ COMMUNITY, AND HOW TO MAKE CHANGE IN THEIR OWN ENVIRONMENTS. YOUTH AND FAMILY INITIATIVE ALSO HOLDS A YOUTH COFFEE HOUSE, A TWICE MONTHLY MEETING MEANT FOR MIDDLE AND HIGH SCHOOL AGED YOUTH TO MEET OUTSIDE OF AN LGBTQ+ SPECIFIC SPACE TO SOCIALIZE AND PLAY GAMES WITH PEERS. IN SUMMER MONTHS, THIS MEETING HAS BEEN KNOWN TO HOST UP TO TWENTY YOUTH AT EACH MEETING. TRANSGENDER INITIATIVE: THIS PROGRAM INCLUDES A NONBINARY DISCUSSION GROUP, WHICH IS A MONTHLY DISCUSSION BASED PROGRAM THAT OFFERS DIFFERENT CONVERSATION TOPICS OR SPEAKERS FOR NONBINARY OR QUESTIONING PEOPLE TO JOIN AND SHARE IDEAS. ON AVERAGE, NONBINARY DISCUSSION GROUP HAS FIFTEEN ATTENDEES EACH MONTH WITH AT LEAST A QUARTER TO HALF OF THOSE ATTENDEES NOT DUPLICATED. OLDER ADULT INITIATIVE: THE GOAL OF THIS PROGRAM IS TO HELP OLDER MEMBERS OF THE LGBTQ+ COMMUNITY FIND WAYS OF SOCIALIZING AND EXERCISING. IT ALSO PROVIDES WORKSHOPS FOR THE MEMBERS OF THE OLDER LGBTQ+ COMMUNITY GEARED TOWARD THEIR SPECIFIC NEEDS.

    Expenses $370,394 · Revenue $37,055

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

Listed in Part VII

  • KATHERINE CROFT

    CHAIR

    Total calculated
    $0
    Hours/week
    3

  • MORGAN YORK

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • BRIANNA LASSEN

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • ANDREA ARNOLD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • HAROLD DAVIS III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JOSE HARVEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MITCHELL MORAVEC

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • SHARYN DAVIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STEVE BURROUGHS

    BOARD MEMBER (THROUGH JULY 2024)

    Total calculated
    $0
    Hours/week
    1

  • HUNTER MCNAIR

    BOARD MEMBER (THROUGH APRIL 2025

    Total calculated
    $0
    Hours/week
    1

  • STAN KIMER

    BOARD MEMBER (THROUGH JULY 2024)

    Total calculated
    $0
    Hours/week
    1

  • COLEMAN SIMONS

    BOARD MEMBER (THROUGH OCTOBER 2024)

    Total calculated
    $0
    Hours/week
    1

  • KORI HENNESSEY

    EXECUTIVE DIRECTOR

    Total calculated
    $95,226
    From this org
    $87,696
    From related orgs
    $0
    Other
    $7,530
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
25 March 2026
IRS schema version
2024v5.5
Source object
202600899349300795

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

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