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Nonprofiteer
← NORTH CAROLINA COMMUNITY FOUNDATION INC

Form 990 for tax year 2023

Filed by NORTH CAROLINA COMMUNITY FOUNDATION INC.

Totals

Total revenue
$47,936,678
Total expenses
$39,002,433
Contributions and grants received
$30,706,481
Grants paid
$28,162,593
Program service revenue
$4,530,179
Investment income
$12,712,716
Other revenue
-$12,698
Total assets, end of year
$459,056,537
Total liabilities, end of year
$40,848,853
Net assets or fund balances, end of year
$418,207,684
Program services expenses (Part IX)
$35,626,986
Management and general expenses
$2,916,439
Fundraising expenses
$459,008
Program service expenses (Part III)
$35,626,986

Program services were 91.3% 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.

  • 1c · Fundraising events

    $75,388

  • 1f · All other contributions, gifts and grants

    $30,631,093

  • 1g · Noncash contributions included above

    $9,171,428

  • 2a · Program service revenue: ADMINISTRATIVE FEES AND OTHER REV

    total $4,103,286 · related or exempt $4,103,286

  • 2b · Program service revenue: NC NETWORK OF GRANTMAKERS

    total $426,893 · related or exempt $426,893

  • 3 · Investment income

    total $8,489,254 · unrelated business $35,523 · excluded $8,453,731

  • 7a · Gross sales of assets other than inventory

    securities $233,576,732

  • 7b · Less cost or other basis and sales expenses

    securities $229,353,270

  • 7c · Gain or loss

    securities $4,223,462

  • 7d · Net gain or loss

    total $4,223,462 · excluded $4,223,462

  • 8a · Fundraising events: gross income

    $44,993

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

    $75,388

  • 8b · Fundraising events: direct expenses

    $57,691

  • 8c · Net income from fundraising events

    total -$12,698 · excluded -$12,698

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $27,986,356 · program services $27,986,356

  • 3 · Grants to foreign organizations and individuals

    total $176,237 · program services $176,237

  • 5 · Compensation of officers, directors and key employees

    total $476,085 · program services $280,350 · management and general $156,018 · fundraising $39,717

  • 7 · Other salaries and wages

    total $2,925,195 · program services $1,719,603 · management and general $960,962 · fundraising $244,630

  • 8 · Pension plan contributions

    total $184,746 · program services $108,630 · management and general $60,671 · fundraising $15,445

  • 9 · Other employee benefits

    total $344,909 · program services $202,807 · management and general $113,268 · fundraising $28,834

  • 10 · Payroll taxes

    total $243,217 · program services $143,011 · management and general $79,872 · fundraising $20,334

  • 11b · Fees: legal

    total $10,033 · management and general $10,033

  • 11c · Fees: accounting

    total $54,045 · management and general $54,045

  • 11f · Fees: investment management

    total $997,611 · management and general $997,611

  • 11g · Fees: other

    total $299,713 · program services $254,717 · management and general $44,996

  • 12 · Advertising and promotion

    total $96,512 · program services $56,749 · management and general $31,695 · fundraising $8,068

  • 13 · Office expenses

    total $90,478 · program services $53,201 · management and general $29,713 · fundraising $7,564

  • 14 · Information technology

    total $424,851 · program services $249,812 · management and general $139,521 · fundraising $35,518

  • 16 · Occupancy

    total $426,774 · program services $250,943 · management and general $140,153 · fundraising $35,678

  • 17 · Travel

    total $122,982 · program services $99,436 · management and general $18,768 · fundraising $4,778

  • 19 · Conferences, conventions and meetings

    total $103,325 · program services $83,601 · management and general $16,063 · fundraising $3,661

  • 22 · Depreciation, depletion and amortization

    total $57,918 · program services $34,056 · management and general $19,020 · fundraising $4,842

  • 23 · Insurance

    total $59,254 · program services $34,841 · management and general $19,459 · fundraising $4,954

  • 24a · Other expenses: GRANT ADMINISTRATION EX

    total $3,724,916 · program services $3,724,916

  • 24b · Other expenses: FUND OPERATING EXPENSES

    total $132,656 · program services $132,656

  • 24c · Other expenses: DUES & MEMBERSHIPS

    total $59,632 · program services $35,064 · management and general $19,583 · fundraising $4,985

  • 24e · All other expenses

    total $4,988 · management and general $4,988

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,296,386 · end of year $3,289,090

  • 2 · Savings and temporary cash investments

    beginning of year $250,000 · end of year $15,215,790

  • 4 · Accounts receivable

    beginning of year $8,350 · end of year $23,589

  • 9 · Prepaid expenses and deferred charges

    beginning of year $580,598 · end of year $664,603

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

    $704,351

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

    $606,718

  • 10c · Land, buildings and equipment, net

    beginning of year $144,284 · end of year $97,633

  • 11 · Investments: publicly traded securities

    beginning of year $338,074,864 · end of year $358,984,996

  • 12 · Investments: other securities

    beginning of year $51,091,003 · end of year $73,021,444

  • 15 · Other assets

    beginning of year $6,990,794 · end of year $7,759,392

  • 17 · Accounts payable and accrued expenses

    beginning of year $254,582 · end of year $349,640

  • 18 · Grants payable

    beginning of year $125,000 · end of year $85,000

  • 19 · Deferred revenue

    beginning of year $56,111 · end of year $525,108

  • 21 · Escrow or custodial account liability

    beginning of year $32,342,045 · end of year $36,477,131

  • 25 · Other liabilities

    beginning of year $3,738,741 · end of year $3,411,974

  • 27 · Net assets without donor restrictions

    beginning of year $350,160,082 · end of year $398,505,785

  • 28 · Net assets with donor restrictions

    beginning of year $16,759,718 · end of year $19,701,899

Mission and programs · 2023

Mission

OUR MISSION IS TO INSPIRE NORTH CAROLINIANS TO MAKE LASTING AND MEANINGFUL CONTRIBUTIONS TO THEIR COMMUNITIES. (SEE SCHEDULE O)

Activities or mission (Part I)

SEE SCHEDULE O

  • HUMAN SERVICES & PUBLIC AND SOCIETAL BENEFIT: DISBURSED 1,959 GRANTS TO COMMUNITY SERVICE ORGANIZATIONS TO SUPPORT VOLUNTEERISM, COMMUNITY SERVICE AND ECONOMIC DEVELOPMENT PROGRAMS WITH A FOCUS ON RURAL COMMUNITIES.

    Expenses $22,100,523 · Grants $20,052,193

  • EDUCATION & SCHOLARSHIPS: DISBURSED 908 GRANTS TO ASSIST NORTH CAROLINIANS IN PURSUIT OF THEIR ACADEMIC GOALS AT VARIOUS ORGANIZATIONS INCLUDING LIBRARIES AND EDUCATIONAL INSTITUTIONS. STUDENTS STUDIED A WIDE VARIETY OF SUBJECTS. FOR MORE INFORMATION ABOUT OPPORTUNITIES, APPLICATIONS, AND OUR SELECTION PROCESS, PLEASE VISIT WWW.NCCOMMUNITYFOUNDATION.ORG.

    Expenses $7,026,074 · Grants $6,374,880

  • ARTS, CULTURE & HUMANITIES: DISBURSED 269 GRANTS TO SUPPORT ORGANIZATIONS IN THE ARTS AND HUMANITIES, INCLUDING ARTS COUNCILS, HISTORIC PRESERVATION SOCIETIES, MUSEUMS, AND PERFORMING ARTS PROGRAMS.

    Expenses $1,912,803 · Grants $1,735,520

  • THE NORTH CAROLINA COMMUNITY FOUNDATION SERVES AS FISCAL SPONSOR FOR THE NORTH CAROLINA NETWORK OF GRANTMAKERS, A MEMBERSHIP ORGANIZATION OF FOUNDATIONS, CORPORATE-GIVING PROGRAMS AND DONOR ADVISED FUNDS THAT GRANT TO NORTH CAROLINA CHARITABLE CAUSES. THE NETWORK IS SUSTAINED BY GRANTS FROM OTHER FOUNDATIONS, AS WELL AS SERVICE REVENUE. FOR THE YEAR ENDED MARCH 31, 2024, THE NETWORK GENERATED SERVICE REVENUE OF $426,893 FROM MEMBERSHIP INCOME, CONFERENCE/SEMINAR REGISTRATION PAYMENTS, AND FEE-FOR-SERVICE REVENUE.

    Expenses $862,670 · Revenue $426,893

  • THE NCCF IS PROUD TO PARTNER WITH NONPROFIT ORGANIZATIONS AND CORPORATIONS THAT SERVE AND SUPPORT COMMUNITIES THROUGHOUT NORTH CAROLINA. WE HOLD FUNDS AND ADMINISTER GRANTS FOR NONPROFIT ORGANIZATIONS AND CORPORATE GRANT PROGRAMS THAT SUPPORT NONPROFIT ORGANIZATIONS ACROSS THE STATE.

    Expenses $3,724,916 · Revenue $4,103,286

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Katharine H Hardin

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Mary W Willis

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • F Timothy Nicholls

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Catharine Biggs Arrowood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Juan Austin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John R Bratton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Peter M Bristow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William Brody

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Angela Gailliard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jan Hayes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charles Lovelace

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hilda Pinnix-Ragland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Todd Sears

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Madhu Sharma

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jane Thorne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve W Wangerin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John W Willingham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Tolle Whiteside

    PRESIDENT & CEO

    Total calculated
    $324,402
    From this org
    $282,263
    From related orgs
    $0
    Other
    $42,139
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $256,663
    Bonus
    $25,000
    Other
    $600
    Deferred
    $17,500
    Nontaxable benefits
    $24,639
    Filer's total
    $324,402

  • Wilson Simmons

    CHIEF FINANCIAL & ADMINISTRATIVE OFFICER

    Total calculated
    $188,730
    From this org
    $167,798
    From related orgs
    $0
    Other
    $20,932
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,798
    Bonus
    $400
    Other
    $600
    Deferred
    $10,179
    Nontaxable benefits
    $10,753
    Filer's total
    $188,730

  • Amy D Braun

    CHIEF MARKETING & COMMUNICATIONS OFFICER

    Total calculated
    $122,534
    From this org
    $103,011
    From related orgs
    $0
    Other
    $19,523
    Hours/week
    40

  • Michelle K Bristow

    DIRECTOR OF FINANCE

    Total calculated
    $144,627
    From this org
    $114,691
    From related orgs
    $0
    Other
    $29,936
    Hours/week
    40

  • Kathryn R Holding

    VP, PHILANTHROPIC SERVICES

    Total calculated
    $166,974
    From this org
    $142,675
    From related orgs
    $0
    Other
    $24,299
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,675
    Bonus
    $400
    Other
    $600
    Deferred
    $8,910
    Nontaxable benefits
    $15,389
    Filer's total
    $166,974

  • Denise L Marshall

    VP, PEOPLE & CULTURE

    Total calculated
    $153,341
    From this org
    $132,538
    From related orgs
    $0
    Other
    $20,803
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,538
    Bonus
    $400
    Other
    $600
    Deferred
    $7,898
    Nontaxable benefits
    $12,905
    Filer's total
    $153,341

  • Sarah Mann Willcox

    EXECUTIVE DIRECTOR - NCNOG

    Total calculated
    $125,995
    From this org
    $100,083
    From related orgs
    $0
    Other
    $25,912
    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. 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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2023
Filed
6 December 2024
IRS schema version
2023v5.1
Source object
202423539349300542

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

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