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Nonprofiteer
← NORTH CAROLINA FOUNDATION FOR CHRISTIAN MINISTRIES

Form 990 for tax year 2023

Filed by NORTH CAROLINA FOUNDATION FOR CHRISTIAN MINISTRIES.

Totals

Total revenue
$1,592,976
Total expenses
$466,976
Contributions and grants received
$273,901
Grants paid
$316,222
Program service revenue
$0
Investment income
-$62,853
Other revenue
$1,381,928
Total assets, end of year
$9,759,696
Total liabilities, end of year
$9,331
Net assets or fund balances, end of year
$9,750,365
Program services expenses (Part IX)
$411,903
Management and general expenses
$48,041
Fundraising expenses
$7,032
Program service expenses (Part III)
$411,903

Program services were 88.2% 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

    $273,901

  • 3 · Investment income

    total $210,936 · related or exempt $210,936

  • 7a · Gross sales of assets other than inventory

    securities $10,323,880

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

    securities $10,597,669

  • 7c · Gain or loss

    securities -$273,789

  • 7d · Net gain or loss

    total -$273,789 · related or exempt -$273,789

  • 11a · Other revenue: REPORTED ON FORM 5223

    total -$661 · related or exempt -$661

  • 11b · Other revenue: UNREALIZED GAINS

    total $1,382,589 · related or exempt $1,382,589

  • 11e · Other revenue, total

    $1,381,928

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $304,672 · program services $304,672

  • 2 · Grants to domestic individuals

    total $11,550 · program services $11,550

  • 7 · Other salaries and wages

    total $12,917 · program services $6,459 · management and general $2,583 · fundraising $3,875

  • 9 · Other employee benefits

    total $570 · program services $285 · management and general $114 · fundraising $171

  • 10 · Payroll taxes

    total $988 · program services $494 · management and general $198 · fundraising $296

  • 11a · Fees: management

    total $15,234 · management and general $15,234

  • 11b · Fees: legal

    total $80 · management and general $80

  • 11c · Fees: accounting

    total $10,400 · management and general $10,400

  • 11g · Fees: other

    total $6,650 · management and general $6,650

  • 12 · Advertising and promotion

    total $527 · fundraising $527

  • 13 · Office expenses

    total $2,210 · program services $1,105 · management and general $442 · fundraising $663

  • 14 · Information technology

    total $3,756 · management and general $3,756

  • 16 · Occupancy

    total $3,000 · management and general $1,500 · fundraising $1,500

  • 19 · Conferences, conventions and meetings

    total $3,957 · management and general $3,957

  • 23 · Insurance

    total $1,436 · management and general $1,436

  • 24a · Other expenses: MISCELLANEOUS

    total $1,691 · management and general $1,691

  • 24b · Other expenses: ADVISOR FEES

    total $87,338 · program services $87,338

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $312,612 · end of year $404,103

  • 2 · Savings and temporary cash investments

    beginning of year $120,168 · end of year $123,462

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

    $349

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

    $349

  • 11 · Investments: publicly traded securities

    beginning of year $8,118,486 · end of year $9,136,768

  • 12 · Investments: other securities

    beginning of year $87,810 · end of year $95,363

  • 17 · Accounts payable and accrued expenses

    end of year $120

  • 25 · Other liabilities

    beginning of year $14,711 · end of year $9,211

  • 27 · Net assets without donor restrictions

    beginning of year $182,273 · end of year $520,154

  • 28 · Net assets with donor restrictions

    beginning of year $8,442,092 · end of year $9,230,211

Mission and programs · 2023

Mission

TO FOSTER AND PROMOTE CHRISTIAN STEWARDSHIP AND FOR PROMOTING AND PROVIDING SUPPORT TO THE MINISTRIES IN NORTH CAROLINA AFFILIATED WITH OR CONSISTENT WITH THE CONVENTION OF ORIGINAL FREE WILL BAPTISTS AND OTHER CHARITABLE, EDUCATION, LITERARY, AND CHRISTIAN PURPOSES.

  • TO FOSTER AND PROMOTE CHRISTIAN STEWARDSHIP AND FOR PROMOTING AND PROVIDING SUPPORT TO THE MINISTRIES IN NORTH CAROLINA AFFILIATED WITH OR CONSISTENT WITH THE CONVENTION OF ORIGINAL FREE WILL BAPTISTS AND OTHER CHARITABLE, EDUCATION, LITERARY, AND CHRISTIAN PURPOSES.

    Expenses $400,353

  • TO PROVIDE SCHOLARSHIPS TO ASSIST STUDENTS ATTENDING ACCREDITED COLLEGES, DIVINITY SCHOOLS, OR SEMINARIES IN PREPARING FOR MINISTERIALSERVICE TO ORIGINAL FREE WILL BAPTISTS. SHEPHERDS FUND. 4 SCHOLARSHIPS AWARDED IN 2023.

    Expenses $11,550

As filed on the 2023 return.

Listed in Part VII

  • Ricky Warren

    EXECUTIVE DIRECTOR

    Total calculated
    $13,486
    From this org
    $12,917
    From related orgs
    $0
    Other
    $569
    Hours/week
    15

  • Judy H Thaanum

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dan L Taylor Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dianne R Gray

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joshua Hobgood

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Don Ribeiro

    SECRETARYTREASURER

    Total calculated
    $0
    Hours/week
    2

  • Don E Lassiter

    PRESIDENTCHAIRMAN

    Total calculated
    $0
    Hours/week
    3

  • Charles L McLawhorn Jr

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

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

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202403199349313605

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