North Carolina Bar Foundation
- Assets
- $28.7m
- Revenue
- $2.4m
- Investments
- $24.1m
- Employees
- 8
- Location
- Cary, NC
- Founding
- 06/1960
- Data as of
- 06/2023
- 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 06/2023, North Carolina Bar Foundation employed 8 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 06/2023, North Carolina Bar Foundation generated $2.4m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $1.8m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, North Carolina Bar Foundation has awarded 28 individual grants totaling $620,517. 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
2023
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:
NORTH CAROLINA BAR FOUNDATION ENDOWMENTTHE NC BAR FOUNDATION'S ENDOWMENT SUPPORTS ORGANIZATIONS AND PROGRAMS THAT PROMOTE THE FOUNDATION'S VALUES OF ACCESS TO JUSTICE, CIVIC EDUCATION, SERVICE THROUGH THE LEGAL PROFESSION, ATTORNEY PROFESSIONALISM, AND DIVERSITY, EQUITY, AND INCLUSION.
NORTH CAROLINA BAR FOUNDATION PROGRAMSTHE NC BAR FOUNDATION'S PROGRAMS DEPARTMENT COORDINATES PRO BONO AND CIVIC EDUCATION OPPORTUNITIES FOR LAWYERS, PARALEGALS, LAW STUDENTS AND OTHER MEMBERS OF THE LEGAL PROFESSION. CURRENT FOUNDATION PROGRAMS INCLUDE: 4ALL STATEWIDE SERVICE DAY, DISASTER LEGAL SERVICES, ENTREPRENEURS ASSISTANCE PROGRAM, LAWYERS FOR LITERACY, NC FREE LEGAL ANSWERS, PATENT PRO BONO PROGRAM, WILLS FOR HEROES AND THE YOUTH LEADERSHIP CHALLENGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Heyl Immediate Past President | OfficerTrustee | 1 | $0 |
Clayton Morgan President | OfficerTrustee | 1 | $0 |
Patti Ramseur President-Elect/treasurer | OfficerTrustee | 1 | $0 |
Alison Ashe-Card Board Member | Trustee | 1 | $0 |
Edward G Connette III Board Member | Trustee | 1 | $0 |
Stuart B Dorsett Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $36,129 |
| All other contributions, gifts, grants, and similar amounts not included above | $922,161 |
| Noncash contributions included in lines 1a–1f | $23,030 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $958,290 |
| Total Program Service Revenue | $0 |
| Investment income | $426,503 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $331,520 |
| Net Gain/Loss on Asset Sales | $700,677 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,416,990 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $225,482 |
| Grants and other assistance to domestic individuals. | $45,042 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $355,531 |
| Compensation of current officers, directors, key employees. | $149,869 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $298,591 |
| Pension plan accruals and contributions | $29,334 |
| Other employee benefits | $48,198 |
| Payroll taxes | $42,462 |
| Fees for services: Management | $195,434 |
| 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 | $122,814 |
| Fees for services: Other | $6,956 |
| Advertising and promotion | $58,241 |
| Office expenses | $10,345 |
| Information technology | $7,725 |
| Royalties | $0 |
| Occupancy | $154,309 |
| Travel | $36,746 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $79,878 |
| Insurance | $2,059 |
| All other expenses | $0 |
| Total functional expenses | $1,762,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $865,372 |
| Savings and temporary cash investments | $302,115 |
| Pledges and grants receivable | $306,206 |
| Accounts receivable, net | $114,686 |
| 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 | $35,802 |
| Net Land, buildings, and equipment | $2,965,122 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $24,051,424 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,034 |
| Total assets | $28,651,761 |
| Accounts payable and accrued expenses | $175,136 |
| 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 | $848,244 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,712 |
| Total liabilities | $1,029,592 |
| Net assets without donor restrictions | $15,502,353 |
| Net assets with donor restrictions | $12,119,816 |
| 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 | $28,651,761 |
Grants Awarded
Over the last fiscal year, North Carolina Bar Foundation has awarded $221,208 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S LAW CENTER OF CENTRAL NORTH CAROLINA PURPOSE: PROVIDE ADVOCACY AND REPRESENTATION TO VULNERABLE CHILDREN IN CUSTODY OR DOMESTIC VIOLENCE CASES. | $9,809 |
CHARLOTTE CENTER FOR LEGAL ADVOCACY PURPOSE: TO BE A RESPONSIVE SUPPORT AND RESOURCE FOR PEOPLE IN NC WHO NEED HELP WITH IMMIGRATION AND MEDICAID ISSUES. | $12,000 |
LEGAL AID OF NORTH CAROLINA INC PURPOSE: LEGAL AID OF NCLAWYER ON THE LINE AND OTHER PROGRAMS | $122,652 |
PISGAH LEGAL SERVICES PURPOSE: VOLUNTEER LAW CLINIC/CONSULTATION EXPANSION | $21,750 |
COUNCIL FOR CHILDREN'S RIGHTS PURPOSE: MENTAL HEALTH, CUSTODY ADVOCACY, DEFENSE TEAM | $9,000 |
SAFE ALLIANCE PURPOSE: VICTIM ASSISTANCE | $10,000 |