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Nonprofiteer
← NORTHWEST NORTH CAROLINA COMMUNITY FOUNDATION

Form 990 for tax year 2023

Filed by NORTHWEST NORTH CAROLINA COMMUNITY FOUNDATION.

Totals

Total revenue
$6,071,905
Total expenses
$3,606,632
Contributions and grants received
$5,000,000
Grants paid
$3,400,000
Program service revenue
$0
Investment income
$1,071,905
Other revenue
$0
Total assets, end of year
$75,694,153
Total liabilities, end of year
$78,161
Net assets or fund balances, end of year
$75,615,992
Program services expenses (Part IX)
$3,400,000
Management and general expenses
$206,632
Fundraising expenses
$0
Program service expenses (Part III)
$3,400,000

Program services were 94.3% 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.

  • 1d · Related organizations

    $5,000,000

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,071,905 · excluded $1,071,905

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,400,000 · program services $3,400,000

  • 11c · Fees: accounting

    total $23,000 · management and general $23,000

  • 11f · Fees: investment management

    total $183,632 · management and general $183,632

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $6,708,006 · end of year $8,004,390

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $43,267,395 · end of year $50,876,518

  • 12 · Investments: other securities

    beginning of year $16,504,418 · end of year $16,813,245

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $55,159 · end of year $78,161

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $66,424,660 · end of year $75,615,992

Mission and programs · 2023

Mission

SUPPORT GOODWILL INDUSTRIES OF NORTHWEST NORTH CAROLINA, INC. WITH WORKFORCE DEVELOPMENT, RETAIL OPERATIONS AND CONTRACT SERVICES.

Activities or mission (Part I)

SUPPORT GOODWILL INDUSTRIES OF NORTHWEST NORTH CAROLINA, INC.

  • IN COMPLIANCE WITH ITS PURPOSE OF PROVIDING CAPITAL AND PROGRAMMATIC RESOURCES TO GOODWILL INDUSTRIES OF NORTHWEST NORTH CAROLINA, INC., THE FOUNDATION PROVIDED CASH GRANTS IN 2023 OF $3,400,000. THE GRANTS WERE USED TO FUND GOODWILL MISSION SERVICE PROGRAMS INCLUDING CAREER CONNECTION CENTERS, WHICH ASSISTS INDIVIDUALS IN FINDING EMPLOYMENT, AND PROJECT RE-ENTRY, WHICH ASSISTS INDIVIDUALS RECENTLY RELEASED FROM PRISION TO RE-ENTER THE JOB MARKET. IN ADDITION, GRANT MONIES WERE USED TO PROVIDE CAPITAL FOR GOODWILL INITIATIVES DESIGNED TO SUSTAIN MISSION FUNDING.

    Expenses $3,400,000 · Grants $3,400,000

As filed on the 2023 return.

Listed in Part VII

  • Art Gibel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Barbara Maida-Stolle

    DIRECTOR, EX-OFFICIO

    Total calculated
    $480,499
    From this org
    $0
    From related orgs
    $427,132
    Other
    $53,367
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $376,991 related
    Bonus
    $0 + $42,005 related
    Other
    $0 + $8,136 related
    Deferred
    $0 + $39,506 related
    Nontaxable benefits
    $0 + $13,861 related
    Filer's total
    $0 + $480,499 related

  • Gerald Church

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gerald Finley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott Bauer

    DIRECTOR, CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Scott Cawood

    DIRECTOR, SECRETARY/TREASURER

    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. 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

None.

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
15 November 2024
IRS schema version
2023v5.1
Source object
202403209349305825

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