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← NATIONAL COMMUNITY FOUNDATION

Form 990 for tax year 2022

Filed by NATIONAL COMMUNITY FOUNDATION.

Totals

Total revenue
$851,464
Total expenses
$2,658,608
Contributions and grants received
$767,139
Grants paid
$2,562,673
Program service revenue
$0
Investment income
$37,552
Other revenue
$46,773
Total assets, end of year
$6,531,451
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$6,531,451
Program services expenses (Part IX)
$2,562,673
Management and general expenses
$95,935
Fundraising expenses
$0
Program service expenses (Part III)
$2,562,673

Program services were 96.4% 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.

  • 1f · All other contributions, gifts and grants

    $767,139

  • 3 · Investment income

    total $129,916 · related or exempt $129,916

  • 7a · Gross sales of assets other than inventory

    securities $1,970,400

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

    securities $2,062,764

  • 7c · Gain or loss

    securities -$92,364

  • 7d · Net gain or loss

    total -$92,364 · related or exempt -$92,364

  • 11a · Other revenue: TRUSTEE FEES

    total $22,538 · related or exempt $22,538

  • 11b · Other revenue: PARK TREE INVESTMENTS 24, LLC

    total $16,495 · excluded $16,495

  • 11c · Other revenue: PARK TREE INVESTMENTS 25, LLC

    total $5,045 · excluded $5,045

  • 11d · All other revenue

    total $2,695 · related or exempt $2,695

  • 11e · Other revenue, total

    $46,773

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,562,673 · program services $2,562,673

  • 11b · Fees: legal

    total $23,866 · management and general $23,866

  • 11c · Fees: accounting

    total $23,566 · management and general $23,566

  • 11f · Fees: investment management

    total $43,640 · management and general $43,640

  • 13 · Office expenses

    total $162 · management and general $162

  • 24a · Other expenses: BANK FEES

    total $4,219 · management and general $4,219

  • 24b · Other expenses: FOREIGN TAXES ON DIVIDE

    total $386 · management and general $386

  • 24c · Other expenses: INVESTMENT EXPENSE

    total $96 · management and general $96

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,552,933 · end of year $350,064

  • 11 · Investments: publicly traded securities

    beginning of year $4,442,284 · end of year $3,423,701

  • 12 · Investments: other securities

    beginning of year $2,747,883 · end of year $2,757,686

  • 27 · Net assets without donor restrictions

    beginning of year $8,743,100 · end of year $6,531,451

Mission and programs · 2022

Mission

NATIONAL COMMUNITY FOUNDATION SHALL CARRY OUT ITS PURPOSES AS A COMMUNITY FOUNDATION WITHIN THE MEANING OF TREASURY REGULATION SECTION 1.170A-9(F)(10).G

Activities or mission (Part I)

NATIONAL COMMUNITY FOUNDATION SHALL CARRY OUT ITS PURPOSES AS A COMMUNITY FOUNDATION WITHIN THE MEANING OF TREASURY REGULATION SECTION 1.170A-9(F)(10).

  • GRANTS TO QUALIFIED ORGANIZATIONS

    Expenses $2,562,673 · Grants $2,562,673

As filed on the 2022 return.

Listed in Part VII

  • National Community Corporation

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10
  • Bruce Bigelow

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • David Thoroughman

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Emanuel J Kallina II

    TREASURER

    Total calculated
    $0
    Hours/week
    10
  • Edward G Link Jr

    SECRETARY

    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.

Grants on this return

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

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.

  • NATIONAL COMMUNITY CORPORATION

    501(C)(3) · GRANTS TO QUALIFIED CHARITIES · DE

  • NCF SUPPORTING ORGANIZATION

    501(C)(3) · GRANTS TO QUALIFIED CHARITIES · DE

    Directly controlled by NCC

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.

  • PARK TREE FOUNDATION LLC

    GRANTS TO QUALIFIED CHARITIES · DE · income $37,734 · assets $1,233,561

    Directly controlled by NCF

  • RCE FOUNDATION LLC

    GRANTS TO QUALIFIED CHARITIES · DE · income $11,497 · assets $300,763

    Directly controlled by NCF

  • TSH FOUNDATION LLC

    GRANTS TO QUALIFIED CHARITIES · DE · income $10,683 · assets $297,853

    Directly controlled by NCF

  • HATCH FAMILY FOUNDATION LLC

    GRANTS TO QUALIFIED CHARITIES · DE · assets $223,199

    Directly controlled by NCF

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • POOLED INCOME FUNDS (7)

    T · POOLED INCOME FUNDS · DE · controlled entity

    Directly controlled by NCF

  • CHARITABLE REMAINDER TRUSTS (2)

    T · CHARITABLE TRUSTS · DE · controlled entity

    Directly controlled by NCF

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202303199349312290

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