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← GREATER RALEIGH CHAMBER OF COMMERCE COMMUNITY DEVELOPMENT FOUNDATION

Form 990 for tax year 2023

Filed by GREATER RALEIGH CHAMBER OF COMMERCE COMMUNITY DEVELOPMENT FOUNDATION.

Totals

Total revenue
$905,378
Total expenses
$817,479
Contributions and grants received
$393,490
Grants paid
$110,250
Program service revenue
$467,350
Investment income
$22,578
Other revenue
$21,960
Total assets, end of year
$977,857
Total liabilities, end of year
$392,662
Net assets or fund balances, end of year
$585,195
Program services expenses (Part IX)
$731,023
Management and general expenses
$86,456
Fundraising expenses
$0
Program service expenses (Part III)
$731,023

Program services were 89.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DELISA ALEXANDER

    MEMBER

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • ERNIE BOVIO

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • DAN CAHILL

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • JACK CLAYTON

    MEMBER

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • GARY GREENE

    CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • RICK GUIRLINGER

    MEMBER

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • RUSSELL KILLEN

    GENERAL COUNSEL

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • SUZIE KOONCE

    MEMBER

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • BRIAN LEARY

    MEMBER

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • REBECCA QUINN-WOLF

    MEMBER

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • CHARLES ROYAL

    FOUNDATION CHAIR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • SHAN TEEL

    MEMBER

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • PAT WILKINS

    MEMBER

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • GEORGE YORK

    MEMBER

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • ADRIENNE COLE

    PRESIDENT

    Total calculated
    $399,994
    From this org
    $0
    From related orgs
    $366,994
    Other
    $33,000
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $290,355 related
    Bonus
    $0 + $56,660 related
    Other
    $0 + $19,979 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $399,994 related

  • JANET POTTER

    GENERAL MGR./SENIOR VP

    Total calculated
    $216,048
    From this org
    $0
    From related orgs
    $196,407
    Other
    $19,641
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $167,625 related
    Bonus
    $0 + $25,680 related
    Other
    $0 + $3,102 related
    Deferred
    $0 + $19,641 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $216,048 related

  • MICHAEL HALEY

    SENIOR VP OF ECON. DEV.

    Total calculated
    $197,299
    From this org
    $0
    From related orgs
    $179,363
    Other
    $17,936
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $151,398 related
    Bonus
    $0 + $20,250 related
    Other
    $0 + $7,715 related
    Deferred
    $0 + $17,936 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $197,299 related

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses

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

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
2023
Filed
12 August 2025
IRS schema version
2023v6.0
Source object
202522259349301612

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