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Nonprofiteer
← ALAMANCE COMMUNITY FOUNDATION

Form 990 for tax year 2023

Filed by ALAMANCE COMMUNITY FOUNDATION.

Totals

Total revenue
$4,057,526
Total expenses
$1,413,429
Contributions and grants received
$3,203,903
Grants paid
$899,126
Program service revenue
$222,056
Investment income
$631,567
Other revenue
$0
Total assets, end of year
$24,330,691
Total liabilities, end of year
$6,314,063
Net assets or fund balances, end of year
$18,016,628
Program services expenses (Part IX)
$1,243,495
Management and general expenses
$92,646
Fundraising expenses
$77,288
Program service expenses (Part III)
$1,243,495

Program services were 88.0% 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.

  • 1f · All other contributions, gifts and grants

    $3,203,903

  • 1g · Noncash contributions included above

    $1,731,356

  • 2a · Program service revenue: ADMINISTRATIVE FEE REV

    total $216,289 · related or exempt $216,289

  • 2b · Program service revenue: SPECIAL EVENTS REVENUE

    total $5,767 · related or exempt $5,767

  • 3 · Investment income

    total $631,567 · excluded $631,567

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $779,876 · program services $779,876

  • 2 · Grants to domestic individuals

    total $119,250 · program services $119,250

  • 5 · Compensation of officers, directors and key employees

    total $110,398 · program services $41,153 · management and general $28,529 · fundraising $40,716

  • 7 · Other salaries and wages

    total $45,023 · program services $17,238 · management and general $11,532 · fundraising $16,253

  • 10 · Payroll taxes

    total $11,065 · program services $4,236 · management and general $2,834 · fundraising $3,995

  • 11b · Fees: legal

    total $9,685 · program services $1,256 · management and general $7,184 · fundraising $1,245

  • 11c · Fees: accounting

    total $17,486 · program services $2,266 · management and general $12,971 · fundraising $2,249

  • 11f · Fees: investment management

    total $55,382 · program services $55,382

  • 11g · Fees: other

    total $177,908 · program services $175,733 · management and general $1,689 · fundraising $486

  • 12 · Advertising and promotion

    total $1,009 · fundraising $1,009

  • 13 · Office expenses

    total $1,235 · program services $414 · management and general $409 · fundraising $412

  • 14 · Information technology

    total $26,912 · program services $8,971 · management and general $8,971 · fundraising $8,970

  • 16 · Occupancy

    total $1,311 · program services $438 · management and general $437 · fundraising $436

  • 17 · Travel

    total $1,052 · program services $351 · management and general $351 · fundraising $350

  • 19 · Conferences, conventions and meetings

    total $1,697 · program services $599 · management and general $602 · fundraising $496

  • 23 · Insurance

    total $3,534 · management and general $3,534

  • 24a · Other expenses: PROGRAM EXPENSE

    total $20,304 · program services $20,304

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $12,953 · management and general $12,953

  • 24c · Other expenses: DEVELOPMENT

    total $10,473 · program services $9,152 · management and general $650 · fundraising $671

  • 24d · Other expenses: SPECIAL EVENTS EXPENSE

    total $5,492 · program services $5,492

  • 24e · All other expenses

    total $1,384 · program services $1,384

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $605,922 · end of year $620,910

  • 2 · Savings and temporary cash investments

    beginning of year $272,749 · end of year $871,962

  • 4 · Accounts receivable

    beginning of year $115 · end of year $1,708

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,766 · end of year $24,765

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

    $1,288

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

    $1,288

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $18,307,851 · end of year $22,811,346

  • 17 · Accounts payable and accrued expenses

    beginning of year $36,477 · end of year $50,158

  • 18 · Grants payable

    beginning of year $100,000 · end of year $66,000

  • 25 · Other liabilities

    beginning of year $5,222,276 · end of year $6,197,905

  • 27 · Net assets without donor restrictions

    beginning of year $8,923,986 · end of year $12,036,814

  • 28 · Net assets with donor restrictions

    beginning of year $4,926,664 · end of year $5,979,814

Mission and programs · 2023

Mission

THE ALAMANCE COMMUNITY FOUNDATION'S MISSION IS TO STRENGTHEN ALAMANCE COUNTY FOR PRESENT AND FUTURE GENERATIONS THROUGH INSPIRED AND COLLABORATIVE GIVING.

Activities or mission (Part I)

THE ALAMANCE COMMUNITY FOUNDATION IS A CHARITABLE ORGANIZATION DEDICATED TO STRENGTHENING ALAMANCE COUNTY FOR PRESENT AND FUTURE GENERATIONS THROUGH PHILANTHROPY. WORKING TOWARD A VISION OF AN INCLUSIVE, CARING AND VIBRANT COMMUNITY, THE COMMUNITY FOUNDATION FACILITATES GIVING THAT IMPROVES LIVES IN THE COMMUNITY, MAINTAINS PERMANENT ENDOWMENT FUNDS, AND PARTNERS WITH DONORS TO SHAPE EFFECTIVE RESPONSES TO COMMUNITY ISSUES AND OPPORTUNITIES.

  • DONOR-ADVISED AND SCHOLARSHIP FUNDS: THE COMMUNITY FOUNDATION MANAGES 33 DONOR-ADVISED FUNDS AND 22 SCHOLARSHIP FUNDS WHICH ENABLE RESIDENTS OF ALAMANCE COUNTY TO ACHIEVE THEIR INDIVIDUAL CHARITABLE GOALS. DURING 2023, 207 GRANTS AND SCHOLARSHIPS TOTALING $423,655 WERE DISBURSED IN SUPPORT OF FAITH-BASED, HEALTH AND HUMAN SERVICE, EDUCATIONAL, AND OTHER COMMUNITY SERVICE ORGANIZATIONS.

    Expenses $585,917 · Grants $423,655

  • FIELD OF INTEREST FUNDS: THE COMMUNITY FOUNDATION MANAGES ENDOWED AND UNRESTRICTED GRANT FUNDS WHICH ARE USED TO STRENGTHEN ITS COMMUNITY FOR PRESENT AND FUTURE GENERATIONS. FOCUS AREAS FOR 2023 WERE PROGRAM/PROJECT-BASED FUNDING IN THE AREAS OF EDUCATION, HEALTH AND HUMAN SERVICE, YOUTH PROGRAMMING AND THE ARTS.

    Expenses $522,937 · Grants $378,117 · Revenue $216,289

  • DESIGNATED AND ORGANIZATION ENDOWMENT FUNDS: AREA RESIDENTS HAVE CREATED FUNDS TO SUPPORT SPECIFIC NONPROFIT ORGANIZATIONS. DURING 2023, 11 SPECIAL INTEREST ENDOWMENT FUNDS GRANTED $97,354 TO THEIR BENEFICIARY ORGANIZATIONS. IN ADDITION, THE COMMUNITY FOUNDATION MANAGES THE ENDOWMENT FUNDS OF LOCAL NONPROFIT ORGANIZATIONS (A TOTAL OF 28 FUNDS IN 2023). ACCORDINGLY, THE FOUNDATION RECOGNIZES A LIABILITY TO THE NONPROFIT AND ADJUSTS THIS LIABILITY FOR RELATED CONTRIBUTIONS, EARNINGS, GRANTS AND EXPENSES. IN 2023, $180,140 WAS RETURNED TO THESE ORGANIZATIONS.

    Expenses $134,641 · Grants $97,354 · Revenue $5,767

As filed on the 2023 return.

Listed in Part VII

  • Robert Chandler

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Marlene Carter

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Francis Lummy Barnes

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Cindy Chandler

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Ryan Moffitt

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Claire Haslam

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • David Sellers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kathleen Treadwell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Ami Hill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Scott Gunn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Diamond

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Vernon Clapp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Willy Fisher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Elizabeth Hood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Joyce Montague

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Gavin Stevens

    EXECUTIVE DIRECTOR

    Total calculated
    $109,298
    From this org
    $99,611
    From related orgs
    $0
    Other
    $9,687
    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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202433209349303348

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

The source document this was parsed from is served over the API, which is where bulk and document access live.