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← COMMUNITY FOUNDATION OF NC EAST INC

Form 990 for tax year 2024

Filed by COMMUNITY FOUNDATION OF NC EAST INC.

Totals

Total revenue
$4,290,230
Total expenses
$5,226,832
Contributions and grants received
$3,330,899
Grants paid
$4,702,684
Program service revenue
$318,948
Investment income
$500,299
Other revenue
$140,084
Total assets, end of year
$16,643,886
Total liabilities, end of year
$35,928
Net assets or fund balances, end of year
$16,607,958
Program services expenses (Part IX)
$5,001,573
Management and general expenses
$225,259
Fundraising expenses
$0
Program service expenses (Part III)
$5,001,573

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.

  • 1f · All other contributions, gifts and grants

    $3,330,899

  • 2f · All other program service revenue

    total $318,948 · excluded $318,948

  • 3 · Investment income

    total $500,299 · excluded $500,299

  • 8a · Fundraising events: gross income

    $140,084

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $140,084 · excluded $140,084

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,702,684 · program services $4,702,684

  • 5 · Compensation of officers, directors and key employees

    total $165,382 · program services $82,691 · management and general $82,691

  • 7 · Other salaries and wages

    total $70,166 · program services $35,083 · management and general $35,083

  • 9 · Other employee benefits

    total $46,074 · program services $23,037 · management and general $23,037

  • 10 · Payroll taxes

    total $14,494 · program services $7,247 · management and general $7,247

  • 11c · Fees: accounting

    total $21,230 · management and general $21,230

  • 12 · Advertising and promotion

    total $52,300 · program services $52,300

  • 13 · Office expenses

    total $23,510 · program services $11,755 · management and general $11,755

  • 16 · Occupancy

    total $45,675 · program services $18,270 · management and general $27,405

  • 17 · Travel

    total $1,936 · program services $968 · management and general $968

  • 23 · Insurance

    total $12,078 · program services $6,039 · management and general $6,039

  • 24a · Other expenses: FUND RAISING EXPENSES

    total $30,002 · program services $30,002

  • 24b · Other expenses: DUES AND SUBSCRIPTION

    total $17,030 · program services $17,030

  • 24c · Other expenses: MISCELLANEOUS

    total $13,240 · program services $4,186 · management and general $9,054

  • 24d · Other expenses: BOARD DEVELOPMENT

    total $5,001 · program services $5,001

  • 24e · All other expenses

    total $6,030 · program services $5,280 · management and general $750

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,753,547 · end of year $559,260

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

    $121,800

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

    $74,992

  • 10c · Land, buildings and equipment, net

    beginning of year $46,808 · end of year $46,808

  • 13 · Investments: program-related

    beginning of year $13,690,390 · end of year $16,021,226

  • 15 · Other assets

    beginning of year $9,670 · end of year $16,592

  • 25 · Other liabilities

    beginning of year $54,873 · end of year $35,928

  • 27 · Net assets without donor restrictions

    beginning of year $53,303 · end of year $53,303

  • 28 · Net assets with donor restrictions

    beginning of year $16,392,239 · end of year $16,554,655

Mission and programs · 2024

Mission

THE COMMUNITY FOUNDATION OF NC EAST PROMOTES, ENABLES AND CELEBRATES PHILANTHROPHY IN EASTERN NORTH CAROLINA.

Activities or mission (Part I)

THE COMMUNITY FOUNDATION OF NC EAST PROMOTES, ENABLES, AND CELEBRATES PHILANTHROPHY IN EASTERN NORTH CAROLINA.

  • GRANTS AND SUPPORT PROVIDED TO LOCAL AND REGIONAL COMMUNITY AND CHARITABLE ORGANIZATIONS TO IMPROVE LIVING, WORKING, EDUCATION, AND ECONOMIC CONDITIONS.

    Expenses $5,001,573 · Grants $4,702,684

  • PROGRAM EXPENSES OF DONOR-ADVISED CHARITABLE FUNDS AND OPERATING EXPENSES DIRECTLY ATTRIBUTED TO THE ORGANIZATION'S MISSION.

  • Withheld by Nonprofiteer: this text may name a private individual.

As filed on the 2024 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Mrs Melissa Spain

    CEO

    Total calculated
    $0
    Hours/week
    40

  • Mr James L Lanier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mr Walter Bolden

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Mr Randy Tosmic

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ms Simmi Prasad

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Mr Micah Ball

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Dr Mary J Raab

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mr Barbour Strickland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mr Pj Connelly Jr

    DIRECTOR

    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 COMMUNITY FDN OF NC EAST

    $334,307

    GENERAL SUPPORT

  • WRIGHTSVILLE BEACH BAPTIST CHURCH

    $150,000

    GENERAL SUPPORT

  • HOT MANNA MINUTE MINISTRY

    $100,000

    GENERAL SUPPORT

  • BOYS AND GIRLS CLUB-ALBEMARLE

    $75,600

    GENERAL SUPPORT

  • GREENVILLE MUSEUM OF ART

    $67,670

    GENERAL SUPPORT

  • EAST CAROLINA UNIVERSITY FOUNDATION

    $52,739

    SCHOLARSHIPS & GENERAL SUPPORT

  • REGULATOR MARINE IHS PASS THROUGH ACCOUNT

    $50,000

    GENERAL SUPPORT

  • MYRTLE GROVE CHRISTIAN SCHOOL

    $50,000

    GENERAL SUPPORT

  • P&A PASS THROUGH FUND

    $46,500

    GENERAL SUPPORT

  • AGAPE FLIGHTS INC

    $35,000

    GENERAL SUPPORT

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

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202533219349301878

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

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