← NORTH CAROLINA LEGISLATIVE BLACK CAUCUS FOUNDATION INC

Form 990 for tax year 2023

Filed by NORTH CAROLINA LEGISLATIVE BLACK CAUCUS FOUNDATION INC.

Totals

Total revenue: $201,229
Total expenses: $297,947
Contributions and grants received: $237,600
Grants paid: $0
Program service revenue: $0
Investment income: $2,840
Other revenue: -$39,211
Total assets, end of year: $425,849
Total liabilities, end of year: $0
Net assets or fund balances, end of year: $425,849
Program services expenses (Part IX): $285,000
Management and general expenses: $12,947
Fundraising expenses: $0
Program service expenses (Part III): $285,000

Program services were 95.7% 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.

1a · Federated campaigns

$0
1b · Membership dues

$0
1c · Fundraising events

$0
1d · Related organizations

$0
1e · Government grants (contributions)

$10,000
1f · All other contributions, gifts and grants

$227,600
1g · Noncash contributions included above

$0
3 · Investment income

total $2,840 · related or exempt $2,840 · unrelated business $0 · excluded $0
4 · Income from investment of tax-exempt bond proceeds

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
5 · Royalties

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6d · Net rental income or loss

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
8a · Fundraising events: gross income

$1,200
8a · Fundraising events: contributions included on line 1c

$0
8b · Fundraising events: direct expenses

$40,411
8c · Net income from fundraising events

total -$39,211 · unrelated business $0 · excluded -$39,211
9a · Gaming: gross income

$0
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

11a · Fees: management

total $0 · program services $0 · management and general $0 · fundraising $0
11b · Fees: legal

total $0 · program services $0 · management and general $0 · fundraising $0
11c · Fees: accounting

total $8,550 · program services $0 · management and general $8,550 · fundraising $0
11d · Fees: lobbying

total $0 · program services $0 · management and general $0 · fundraising $0
11e · Fees: professional fundraising services

total $0 · fundraising $0
11f · Fees: investment management

total $0 · program services $0 · management and general $0 · fundraising $0
11g · Fees: other

total $690 · program services $0 · management and general $690 · fundraising $0
12 · Advertising and promotion

total $0 · program services $0 · management and general $0 · fundraising $0
13 · Office expenses

total $669 · program services $0 · management and general $669 · fundraising $0
14 · Information technology

total $0 · program services $0 · management and general $0 · fundraising $0
15 · Royalties

total $0 · program services $0 · management and general $0 · fundraising $0
16 · Occupancy

total $0 · program services $0 · management and general $0 · fundraising $0
17 · Travel

total $0 · program services $0 · management and general $0 · fundraising $0
18 · Travel or entertainment for public officials

total $0 · program services $0 · management and general $0 · fundraising $0
19 · Conferences, conventions and meetings

total $0 · program services $0 · management and general $0 · fundraising $0
20 · Interest

total $0 · program services $0 · management and general $0 · fundraising $0
21 · Payments to affiliates

total $0 · program services $0 · management and general $0 · fundraising $0
22 · Depreciation, depletion and amortization

total $0 · program services $0 · management and general $0 · fundraising $0
23 · Insurance

total $698 · program services $0 · management and general $698 · fundraising $0
24a · Other expenses: Scholarships

total $285,000 · program services $285,000 · management and general $0 · fundraising $0
24b · Other expenses: NCBA Membership Dues

total $1,000 · program services $0 · management and general $1,000 · fundraising $0
24c · Other expenses: Website

total $762 · program services $0 · management and general $762 · fundraising $0
24d · Other expenses: Postage

total $324 · program services $0 · management and general $324 · fundraising $0
24e · All other expenses

total $254 · program services $0 · management and general $254 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $63,460 · end of year $92,201
2 · Savings and temporary cash investments

beginning of year $444,141 · end of year $308,669
3 · Pledges and grants receivable

beginning of year $0 · end of year $0
4 · Accounts receivable

beginning of year $24,250 · end of year $24,250
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $0 · end of year $0
8 · Inventories for sale or use

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $717 · end of year $729
10a · Land, buildings and equipment: cost or other basis

$12,093
10b · Land, buildings and equipment: accumulated depreciation

$12,093
10c · Land, buildings and equipment, net

beginning of year $0 · end of year $0
11 · Investments: publicly traded securities

beginning of year $0 · end of year $0
12 · Investments: other securities

beginning of year $0 · end of year $0
13 · Investments: program-related

beginning of year $0 · end of year $0
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $0 · end of year $0
17 · Accounts payable and accrued expenses

beginning of year $0 · end of year $0
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $0 · end of year $0
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $0 · end of year $0
27 · Net assets without donor restrictions

beginning of year $468,318 · end of year $376,599
28 · Net assets with donor restrictions

beginning of year $64,250 · end of year $49,250

Mission and programs · 2023

Mission

Create a culture that values all people and preserves and celebrates the history of all citizens. Remedy Historic injustices levied against African Americans and women.

Hosted annual event - Scholarship Luncheon - to raise money for scholarships. Also contributed scholarships of $285,000.00 to 9 NC based Historically Colleges and Universities.

Expenses $285,000

As filed on the 2023 return.

Listed in Part VII

James Gailliard

Chairman

Total calculated

$0

Hours/week

1
Charlene Edwards Greene

1st Vice-Chair

Total calculated

$0

Hours/week

1
Paul Lowe

2nd Vice-Chair

Total calculated

$0

Hours/week

1
Kenneth Gibbs

Treasurer

Total calculated

$0

Hours/week

10
Carlinda Purcell

Secretary

Total calculated

$0

Hours/week

1.5
Deleres Parker

Board Member

Total calculated

$0

Hours/week

1.5
Yvonne Holley

Board Member

Total calculated

$0

Hours/week

1.5
Jim Harrell

Board Member

Total calculated

$0

Hours/week

1.5
Helen Mcinnis

Board Member

Total calculated

$0

Hours/week

1.5
Lisa Hodges

Board Member

Total calculated

$0

Hours/week

1
Garland Pierce

Board Member

Total calculated

$0

Hours/week

1.5
John White

Board Member

Total calculated

$0

Hours/week

1.5
Patricia Yancey

Board Member

Total calculated

$0

Hours/week

1.5
Rosa Gill

Board Member

Total calculated

$0

Hours/week

1
Tanyetta Sutton

Board Member

Total calculated

$0

Hours/week

1.5
Cheryl Hairston

Board Member

Total calculated

$0

Hours/week

1.5
Johnny Tillett

Board Member

Total calculated

$0

Hours/week

1.5
Linda Wilson

Board Member

Total calculated

$0

Hours/week

1.5
Deandrea Salvador

Board Member

Total calculated

$0

Hours/week

1
Angela Bryant

Board Member

Total calculated

$0

Hours/week

1
Linda Coleman

Board Member

Total calculated

$0

Hours/week

1.5

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

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2023
Filed: 5 November 2024
IRS schema version: 2023v5.1
Source object: 202413109349300111

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