North Carolina Bar Foundation
- Assets
- $26.9m
- Revenue
- $2.9m
- Investments
- $22.4m
- Employees
- 9
- Location
- Cary, NC
- Founding
- 06/1960
- Data as of
- 06/2022
- EIN
- 56-0767805
Organization Overview
North Carolina Bar Foundation is located in Cary, NC. The organization was established in 1960. According to its NTEE Classification (I80) the organization is classified as: Legal Services, under the broad grouping of Crime & Legal-Related and related organizations. As of 06/2022, North Carolina Bar Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Bar 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 06/2022, North Carolina Bar Foundation generated $2.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (12.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, North Carolina Bar Foundation has awarded 19 individual grants totaling $399,309. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE NORTH CAROLINA BAR FOUNDATION IS TO UNITE THE TALENT AND GENEROSITY OF OUR PROFESSION TO BE A POWER OF GREATER GOOD FOR THE PEOPLE OF NORTH CAROLINA.
Describe the Organization's Program Activity:
THE NC BAR FOUNDATION'S ENDOWMENT MAKES ANNUAL GRANTS TO ORGANIZATIONS AND PROGRAMS THAT PROMOTE THE FOUNDATION'S VALUES OF ACCESS TO JUSTICE, CIVIC EDUCATION, SERVICE THROUGH THE LEGAL PROFESSION, AND ATTORNEY PROFESSIONALISM
THE NC BAR FOUNDATION'S PROGRAMS DEPARTMENT COORDINATES PRO BONO AND PUBLIC SERVICE OPPORTUNITIES FOR LAWYERS, PARALEGALS, LAW STUDENTS AND OTHER MEMBERS OF THE LEGAL PROFESSION. FOUNDATION PROGRAMS INCLUDE: 4ALL STATEWIDE SERVICE DAY, HOUSING STABILITY PRO BONO PROJECT, LAWYERS FOR LITERACY, LEGAL HOTLINES, MIDDLE SCHOOL MOCK TRIAL, NC FREE LEGAL ANSWERS, NC LEAP (LAWYERS FOR ENTREPRENEURS ASSISTANCE PROGRAM), PATENT PRO BONO PROGRAM, WILLS FOR HEROES AND THE YOUTH LEADERSHIP CHALLENGE, ALONG WITH A NUMBER OF COMMUNITY SERVICE AND CIVIC EDUCATION INITIATIVES THAT ENGAGE MEMBERS OF THE LEGAL PROFESSION IN SERVICE TO THEIR COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Bart Mullikin Senior Director-Foundation | Officer | 43 | $155,891 |
Louise Harris Foundation Director | 40 | $141,947 | |
C Mark Holt Immediate Past President | OfficerTrustee | 1 | $11,000 |
Clayton D Morgan President-Elect And Treasurer | OfficerTrustee | 1 | $5,000 |
Jonathan Heyl President | OfficerTrustee | 1 | $0 |
Jason M Hensley Executive Director And Secretary | OfficerTrustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $137,926 |
| All other contributions, gifts, grants, and similar amounts not included above | $722,689 |
| Noncash contributions included in lines 1a–1f | $81,131 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $860,615 |
| Total Program Service Revenue | $0 |
| Investment income | $350,886 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $413,728 |
| Net Gain/Loss on Asset Sales | $1,303,034 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,928,263 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $214,837 |
| Grants and other assistance to domestic individuals. | $13,070 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $192,055 |
| Compensation of current officers, directors, key employees. | $63,808 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $425,067 |
| Pension plan accruals and contributions | $64,893 |
| Other employee benefits | $90,370 |
| Payroll taxes | $40,670 |
| Fees for services: Management | $182,244 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $135,221 |
| Fees for services: Other | $13,449 |
| Advertising and promotion | $54,523 |
| Office expenses | $32,217 |
| Information technology | $13,896 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,440 |
| Interest | $23,227 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $145,038 |
| Insurance | $14,396 |
| All other expenses | $469 |
| Total functional expenses | $1,935,860 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $976,193 |
| Savings and temporary cash investments | $300,883 |
| Pledges and grants receivable | $11,953 |
| Accounts receivable, net | $20,299 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $47,749 |
| Net Land, buildings, and equipment | $3,124,123 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $22,411,065 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,606 |
| Total assets | $26,907,871 |
| Accounts payable and accrued expenses | $155,673 |
| Grants payable | $0 |
| Deferred revenue | $2,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $946,169 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $223,037 |
| Total liabilities | $1,327,379 |
| Net assets without donor restrictions | $14,327,071 |
| Net assets with donor restrictions | $11,253,421 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $26,907,871 |
Grants Awarded
Over the last fiscal year, North Carolina Bar Foundation has awarded $212,715 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Raleigh, NC PURPOSE: LEGAL AID OF NC LAWYER ON THE LINE | $102,428 |
Asheville, NC PURPOSE: VOLUNTEER LAW CLINIC/CONSULTATION EXPANSION | $25,000 |
Winstonsalem, NC PURPOSE: PROVIDE ADVOCACY AND REPRESENTATION TO VULNERABLE CHILDREN IN CUSTODY OR DOMESTIC VIOLENCE CASES | $12,487 |
Charlotte, NC PURPOSE: MENTAL HEALTH, DIRECT LEGAL | $12,000 |
Charlotte, NC PURPOSE: TO BE A RESPONSIVE SUPPORT AND RESOURCE FOR UNACCOMPANIED CHILDREN IN NC FACING IMMIGRATION COURT PROCEEDINGS | $11,500 |
Cary, NC PURPOSE: BAR EXAM WORKSHOPS, LAW WEEK, LEGAL FEEDING FRENZY | $11,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that North Carolina Bar Foundation has recieved totaling $33,106.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Greensboro Inc Greensboro, NC PURPOSE: GENERAL SUPPORT | $19,529 |
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 8 GRANT(S) FOR VARYING PURPOSES | $5,700 |
River Oaks Foundation Inc Ft Lauderdale, FL PURPOSE: GENERAL CONTRIBUTION | $5,000 |
Littler Mendelson Foundation Inc Kansas City, MO PURPOSE: GENERAL SUPPORT | $2,500 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $340 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $37 |
Endowment Analysis
| Beg. Balance | $17,315,070 |
| Earnings | -$2,220,944 |
| Admin Expense | $254,535 |
| Net Contributions | $196,285 |
| Grants | $266,305 |
| Ending Balance | $14,769,571 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Legal Services Program Inc Atlanta, GA | $10,846,145 | $21,808,357 |
Federal Defender Program Inc Atlanta, GA | $3,000,349 | $16,976,185 |
Legal Services Corporation Of Virginia Richmond, VA | $10,646,853 | $14,922,389 |
Atlanta Legal Aid Society Inc Atlanta, GA | $13,961,359 | $12,435,415 |
South Carolina Legal Services Greenville, SC | $14,465,887 | $11,660,522 |
Legal Aid Justice Center Charlottesville, VA | $15,560,165 | $9,357,960 |
Legal Aid Society Of Middle Tennessee And The Cumberlands Nashville, TN | $8,528,233 | $10,472,394 |
Pisgah Legal Services Asheville, NC | $13,378,824 | $8,135,399 |
South Carolina Bar Columbia, SC | $17,865,633 | $9,322,223 |
Legal Services Of Northern Virginia Inc Fairfax, VA | $4,319,530 | $7,978,477 |
Center For Responsible Lending Durham, NC | $10,481,758 | $6,504,480 |
National Right To Work Legal Defense & Education Foundation Inc Springfield, VA | $44,865,136 | $9,345,910 |