North Carolina Retired Governmental Employees Association Inc
- Assets
- $2.7m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 8
- Location
- Raleigh, NC
- Founding
- 11/1972
- Data as of
- 06/2021
- 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 06/2021, North Carolina Retired Governmental Employees Association Inc employed 8 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 06/2021, North Carolina Retired Governmental Employees Association Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $1.5m during the year ending 06/2021. While expenses have increased by 2.9% 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
2021
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 2020/2021 FISCAL YEAR. CARRIER PAID 9 CLAIMS TO MEMBERS' ESTATES TOTALING $140,107. IN ADDITION, THE ORGANIZATION ADMINISTERS ALL DENTAL AND VISION PLANS OFFERED TO ITS MEMBERS.
LIVING POWER, NCRGEA'S NEWSLETTER, WAS SENT TO OVER 62,000 MEMBERS SIX TIMES DURING THE FISCAL YEAR, EITHER BY US MAIL OR ELECTRONICALLY (OVER 3,300 ELECTRONIC MAILINGS PER ISSUE). IN HOPES OF INCREASING MEMBERSHIP, THROUGH AN AFFILIATE MEMBERSHIP PROGRAM, 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, DURING 2020/2021 FISCAL YEAR, MEETINGS WERE POSTPONED DUE TO THE PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard E Rogers Executive Director | Officer | 40 | $110,419 |
V Vann Langston President | OfficerTrustee | 8 | $0 |
Michael Taylor Secretary/treasurer | OfficerTrustee | 3 | $0 |
Martha Sue Hall Treasurer | OfficerTrustee | 3 | $0 |
Linda S Suggs Past President | Trustee | 2 | $0 |
Frank Lewis Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $26,741 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,280 |
| 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 | $2,030,365 |
| Statement of Expenses | |
|---|---|
| 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. | $131,313 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $333,200 |
| Pension plan accruals and contributions | $32,762 |
| Other employee benefits | $48,207 |
| Payroll taxes | $36,276 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,079 |
| Fees for services: Accounting | $12,500 |
| Fees for services: Lobbying | $100,212 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $123,379 |
| Advertising and promotion | $0 |
| Office expenses | $120,230 |
| Information technology | $41,868 |
| Royalties | $0 |
| Occupancy | $16,447 |
| Travel | $6,460 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,662 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,143 |
| Insurance | $7,499 |
| All other expenses | $0 |
| Total functional expenses | $1,473,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,019,667 |
| Savings and temporary cash investments | $559,668 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,034 |
| 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 | $6,077 |
| Investments—publicly traded securities | $708,519 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,683,390 |
| Accounts payable and accrued expenses | $862,944 |
| Grants payable | $0 |
| Deferred revenue | $115,220 |
| 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 | $978,164 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,705,226 |
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