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Nonprofiteer
← NORTHWEST NORTH CAROLINA COMMUNITY FOUNDATION

Form 990 for tax year 2022

Filed by NORTHWEST NORTH CAROLINA COMMUNITY FOUNDATION.

Totals

Total revenue
$5,698,499
Total expenses
$3,563,177
Contributions and grants received
$5,000,000
Grants paid
$3,400,000
Program service revenue
$0
Investment income
$698,499
Other revenue
$0
Total assets, end of year
$66,479,819
Total liabilities, end of year
$55,159
Net assets or fund balances, end of year
$66,424,660
Program services expenses (Part IX)
$3,400,000
Management and general expenses
$163,177
Fundraising expenses
$0
Program service expenses (Part III)
$3,400,000

Program services were 95.4% 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

  • 3 · Investment income

    total $698,499 · excluded $698,499

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 $10,000 · management and general $10,000

  • 11f · Fees: investment management

    total $153,177 · management and general $153,177

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $8,228,727 · end of year $6,708,006

  • 11 · Investments: publicly traded securities

    beginning of year $46,881,490 · end of year $43,267,395

  • 12 · Investments: other securities

    beginning of year $18,183,907 · end of year $16,504,418

  • 17 · Accounts payable and accrued expenses

    beginning of year $60,159 · end of year $55,159

  • 27 · Net assets without donor restrictions

    beginning of year $73,233,965 · end of year $66,424,660

Mission and programs · 2022

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 2022 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 PRISON 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 2022 return.

Listed in Part VII

  • SCOTT BAUER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • SCOTT CAWOOD

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • GERALD FINLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ART GIBEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GERALD CHURCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BARBARA MAIDA-STOLLE

    DIRECTOR, EX-OFFICIO

    Total calculated
    $453,351
    From this org
    $0
    From related orgs
    $400,064
    Other
    $53,287
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $342,071 related
    Bonus
    $0 + $46,836 related
    Other
    $0 + $11,157 related
    Deferred
    $0 + $39,506 related
    Nontaxable benefits
    $0 + $13,781 related
    Filer's total
    $0 + $453,351 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

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
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202323179349303322

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