North Carolina Veterans Foundation
- Assets
- $122.9k
- Revenue
- $285.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Jacksonville, NC
- Founding
- 11/2014
- Data as of
- 09/2023
- EIN
- 46-4703891
Organization Overview
North Carolina Veterans Foundation is located in Jacksonville, NC. The organization was established in 2014. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Veterans Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, North Carolina Veterans Foundation generated $285.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $268.6k during the year ending 09/2023. While expenses have increased by 10.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIRTY PERCENT (30%): IDENTIFYING AND CREATING OPPORTUNITIES FOR COLLABORATION BETWEEN KEY STAKEHOLDERS FROM MILITARY, INDUSTRY, AND GOVERNMENT THAT IMPROVES THE LIVES OF OUR NATION'S VETERANS. THIS WILL BE DONE ON AN ONGOING BASIS BY THE BOARD OF DIRECTORS AND BY INDIVIDUALS CONTRACTED TO LEAD NORTH CAROLINA VETERANS FOUNDATION INTIATIVES
THIRTY PERCENT (30%): WORKING WITH SENIOR MILITARY OFFICERS, INDUSTRY EXECUTIVES, AND ELECTED OFFICIALS AT THE STATE AND NATIONAL LEVEL TO PROMOTE PROGRAMS THAT BROADEN ACCESS TO SERVICES FOR VETERANS. THIS INCLUDES BEING A RESOURCE FOR APOLITICAL AND UNBIASED DESCRIPTIONS OF VETERANS' MOST PRESSING POST-SERVICE NEEDS AND THE MOST PROMISING WAYS TO ADDRESS THEM
THIRTY PERCENT (30%): HOSTING EVENTS THAT BRING TOGETHER KEY STAKEHOLDERS FROM MILITARY, INDUSTRY, AND GOVERNMENT TO IDENTIFY AND IMPLEMENT SOLUTIONS TO WORKFORCE CHALLENGES FACED BY TRANSITIONING SERVICE MEMBERS. EXAMPLES OF THESE EVENTS INCLUDE THE NORTH CAROLINA VETERANS' TRANSITIONS ROUNDTABLE (DESCRIBED ABOVE) AND NORTH CAROLINA VETERANS FOUNDATION BOARD MEETINGS
TEN PERCENT (10%): ADVISING CRITICAL RESEARCH AND ACADEMIC EFFORTS SUPPORTING VETERANS' WORKFORCE, FINANCIAL, AND MEDICAL NEEDS. THIS ACTIVITY INCLUDE ADVISING NORTH CAROLINA'S UNIVERSITIES AND COMMUNITY COLLEGES IN THEIR EFFORTS TO DEVELOP PROGRAMMING TARGETED AT VETERANS, IN ADDITION TO ADVISING INDIVIDUAL RESEARCH PROJECTS DIRECTLY RELEVANT TO VETERANS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Binu Thomas Board Member | 1 | $0 | |
Ed Paradise Board Member | 1 | $0 | |
Cornell Wilson Board Member | 1 | $0 | |
James Banner Chairman | 1 | $0 | |
James Gorham Board Member | 1 | $0 | |
Kimberly Williams Chief Execut | 20 | $48,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $285,561 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $285,561 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,000 |
| Other employee salaries and wages | $97,893 |
| Pension plans, employee benefits | $12,273 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $14,460 |
| Travel, conferences, and meetings | $5,976 |
| Printing and publications | $0 |
| Other expenses | $73,969 |
| Total operating and administrative expenses | $268,550 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $268,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,374 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $500 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $122,874 |
| Accounts payable and accrued expenses | $21,337 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $21,337 |