Form 990 for tax year 2023
Filed by THE NORTH CAROLINA HOMES FOR THE AGING FOUNDATION INC.
Totals
- Total revenue
- $138,274
- Total expenses
- $28,007
- Contributions and grants received
- $35,000
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $103,274
- Other revenue
- $0
- Total assets, end of year
- $2,848,741
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $2,848,741
- Program services expenses (Part IX)
- $28,007
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $28,007
Program services were 100.0% 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
$35,000
-
3 · Investment income
total $103,274 · excluded $103,274
Functional expenses
Part IX, the statement of functional expenses.
-
11g · Fees: other
total $26,620 · program services $26,620
-
19 · Conferences, conventions and meetings
total $963 · program services $963
-
23 · Insurance
total $424 · program services $424
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $151,031 · end of year $98,636
-
2 · Savings and temporary cash investments
beginning of year $2,068,952 · end of year $100,005
-
3 · Pledges and grants receivable
beginning of year $90,000 · end of year $30,000
-
4 · Accounts receivable
beginning of year $170
-
9 · Prepaid expenses and deferred charges
beginning of year $2,913
-
11 · Investments: publicly traded securities
beginning of year $426,130 · end of year $2,620,100
-
17 · Accounts payable and accrued expenses
beginning of year $200
-
25 · Other liabilities
beginning of year $522 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $2,222,344 · end of year $2,737,356
-
28 · Net assets with donor restrictions
beginning of year $516,130 · end of year $111,385
Mission and programs · 2023
Mission
CONNECT RESOURCES TO IDEAS AND INITIATIVES THAT EXPAND THE POSSIBILITIES FOR AGING IN NORTH CAROLINA.
Activities or mission (Part I)
ENHANCING THE UNDERSTANDING, AWARENESS AND RESOLUTION OF AGING ISSUES THROUGH EDUCATION AND RESEARCH.
-
ALL ACTIVITIES OF THE ORGANIZATION ARE CARRIED OUT IN CONCERT WITH LEADINGAGE NORTH CAROLINA, WITH AN AIM TOWARD CONNECTING RESOURCES TO IDEAS AND INITIATIVES THAT EXPAND THE POSSIBILITIES FOR AGING IN NORTH CAROLINA.
Expenses $28,007
As filed on the 2023 return.
Listed in Part VII
-
Tim WebsterTIM WEBSTER
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Sara Flynn-LoySARA FLYNN-LOY
CHAIR ELECT
- Total calculated
- $0
- Hours/week
- 1
-
Jane BakerJANE BAKER
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Ben GilchristBEN GILCHRIST
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Hector McEachernHECTOR MCEACHERN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dale MeltonDALE MELTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chris TaylorCHRIS TAYLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kevin ParriesKEVIN PARRIES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Tom AkinsTOM AKINS
PRESIDENT & CEO
- Total calculated
- $263,287
- From this org
- $0
- From related orgs
- $226,318
- Other
- $36,969
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $220,318 related
- Bonus
- $0
- Other
- $0 + $6,000 related
- Deferred
- $0 + $13,579 related
- Nontaxable benefits
- $0 + $23,390 related
- Filer's total
- $0 + $263,287 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
The filer's explanations (Part III)
- PART I, LINE 3
- COMPENSATION FOR THE PRESIDENT/CEO IS SET BY A RELATED ORGANIZATION. THAT ORGANIZATION USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: COMPENSATION SURVEY OR STUDY APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
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
No itemized grants to organizations 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.
-
501(C)(6) · ASSOCIATION · NC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 6 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202441359349300639
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