North Carolina Retired Governmental Employees Association Inc
- Assets
- $3.0m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 10
- Location
- Raleigh, NC
- Founding
- 11/1972
- Data as of
- 06/2023
- EIN
- 56-0989727
Organization Overview
North Carolina Retired Governmental Employees Association Inc is located in Raleigh, NC. The organization was established in 1972. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2023, North Carolina Retired Governmental Employees Association Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Retired Governmental Employees Association Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2023, North Carolina Retired Governmental Employees Association Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $2.0m during the year ending 06/2023. While expenses have increased by 4.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE, PROMOTE, AND DEFEND THE RIGHTS, INTERESTS, AND WELFARE OF RETIRED STATE AND LOCAL GOVERNMENT EMPLOYEES OF NORTH CAROLINA, THEIR DEPENDENTS AND BENEFICIARIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AD&D INSURANCE COVERS ALL MEMBERS OF THE ASSOCIATION DURING THE 2022/2023 FISCAL YEAR. CARRIER PAID 10 CLAIMS TO MEMBERS' ESTATES TOTALING $140,000.
LIVING POWER, NCRGEA'S NEWSLETTER, WAS SENT TO OVER 66,000 MEMBERS SIX TIMES DURING THE FISCAL YEAR, EITHER BY US MAIL OR ELECTRONICALLY (OVER 3,300 ELECTRONIC MAILINGS PER ISSUE). THE ASSOCIATION CONTINUED MAILING NEWSLETTERS TO ALL NEW RETIREES FOR THE FIRST 6 MONTHS OF THEIR RETIREMENT, WHETHER THEY JOINED THE ASSOCIATION OR NOT. ADDITIONALLY, THE NEWSLETTER IS MAILED TO CITY AND COUNTY MANAGERS, HR PERSONNEL, COLLEGES, UNIVERSITIES, AND COMMUNITY COLLEGES. PERTINENT INFORMATION INCLUDED IN THE NEWSLETTER FOR STATE AND LOCAL GOVERNMENT RETIREES INCLUDE UPDATES ON NORTH CAROLINA LEGISLATIVE HAPPENINGS, STATE HEALTH PLAN INFORMATION, UPDATES ON MEDICARE AND SOCIAL SECURITY, AND OTHER ISSUES OF IMPORTANCE FOR THESE RETIREES AND PROSPECTIVE RETIREES.
NCRGEA'S DISTRICT MEETINGS: FACE TO FACE MEETINGS WERE HELD IN THE FALL OF 2022 AND SPRING OF 2023. MORE THAN 700 JOINED US IN LOCATIONS IN WINSTON-SALEM, SHELBY, FAYETTEVILLE, MOREHEAD AND HENDERSONVILLE. FOR SPRING, IN ADDITION TO THE DISTRICT CONFERENCES, LOCAL OUTREACH MEETINGS WERE HELD AROUND THE STATE. IN MAY, A LEGISLATIVE EVENT WAS HELD IN RALEIGH FOR MEMBERS TO MEET WITH THEIR REPRESENTATIVES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Taylor President | OfficerTrustee | 5 | $0 |
Karl E Sanders Vice President | OfficerTrustee | 5 | $0 |
V Vann Langston Past President | OfficerTrustee | 5 | $0 |
Robert Shepherd Secretary/treasurer | OfficerTrustee | 5 | $0 |
Ben Neal Director | Trustee | 2 | $0 |
Bobby Burleson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,105,944 |
| Investment income | $18,053 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $31,440 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,155,437 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $180,477 |
| Compensation of current officers, directors, key employees. | $54,143 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $382,866 |
| Pension plan accruals and contributions | $35,616 |
| Other employee benefits | $62,639 |
| Payroll taxes | $42,886 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,046 |
| Fees for services: Accounting | $21,194 |
| Fees for services: Lobbying | $97,271 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $81,222 |
| Advertising and promotion | $0 |
| Office expenses | $174,735 |
| Information technology | $61,929 |
| Royalties | $0 |
| Occupancy | $35,747 |
| Travel | $55,197 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $47 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,552 |
| Insurance | $9,921 |
| All other expenses | $4,122 |
| Total functional expenses | $2,034,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,179,679 |
| Savings and temporary cash investments | $72,807 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,250 |
| 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 | $32,788 |
| Net Land, buildings, and equipment | $384,075 |
| Investments—publicly traded securities | $1,307,860 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,991,459 |
| Accounts payable and accrued expenses | $859,627 |
| Grants payable | $0 |
| Deferred revenue | $85,093 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $944,720 |
| Net assets without donor restrictions | $2,046,739 |
| Net assets with donor restrictions | $0 |
| 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 | $2,991,459 |