North Carolina Legislative Black Caucus Foundation Inc
- Assets
- $392.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 08/1990
- Data as of
- 12/2021
- EIN
- 56-1589364
Organization Overview
North Carolina Legislative Black Caucus Foundation Inc is located in Raleigh, NC. The organization was established in 1990. According to its NTEE Classification (R22) the organization is classified as: Minority Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Legislative Black Caucus Foundation Inc 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 12/2021, North Carolina Legislative Black Caucus Foundation Inc generated $194.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $62.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROVIDING OPPORTUNITIES FOR STUDENTS TO CHANGE THE OUTCOME OF THEIR LIVES BY ATTENDING COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gladys Robinson Chair | 1 | $0 | |
Dr Charlene Edwards Greene 1st Vice-Chair | 1 | $0 | |
Senator Paul Lowe 2nd Vice-Chair | 1 | $0 | |
Warren H Arrington Jr Treasurer | 1 | $0 | |
Dr Lisa Hodges Secretary | 1 | $0 | |
Carolyn R Ingram Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $190,678 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3,942 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $194,620 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $7,663 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $244 |
| Other expenses | $14,310 |
| Total expenses | $62,217 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $391,682 |
| Other assets | $0 |
| Total assets | $392,264 |
| Total liabilities | $0 |
| Net assets or fund balances | $392,264 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that North Carolina Legislative Black Caucus Foundation Inc has recieved totaling $73,000.
| Awarding Organization | Amount |
|---|---|
Z Smith Reynolds Foundation Inc Winstonsalem, NC PURPOSE: ANDREA HARRIS MEMORIAL SCHOLARSHIP | $50,000 |
North Carolina Electric Membership Corporation Raleigh, NC PURPOSE: CIVIC DONATION | $15,000 |
Center For Responsible Lending Durham, NC PURPOSE: Assistance to combat predatory lending | $7,500 |
Z Smith Reynolds Foundation Inc Winstonsalem, NC PURPOSE: TRUSTEE MATCHING GIFTS PROGRAM | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Action Council For Minorities In Engineering Inc Alexandria, VA | $24,460,984 | $4,503,129 |
Mid-South Minority Business Council Continuum Inc Memphis, TN | $2,411,165 | $936,384 |
Dedication To Community Charlotte, NC | $48,294 | $453,094 |
The George Floyd Memorial Foundation Inc Mooresville, NC | $531,537 | $806,844 |
Sandhills Cooperation Association Troy, NC | $244,848 | $396,435 |
Core Network Virginia Beach, VA | $147,344 | $32,250 |
Martin Luther King Jr Association Of Asheville & Buncombe County Asheville, NC | $66,413 | $0 |
Georgia Association Of Minority Entrepreneurs Atlanta, GA | $134,474 | $0 |
No Walls Ministry Inc Lynchburg, VA | $35,022 | $0 |
North Carolina Legislative Black Caucus Foundation Inc Raleigh, NC | $392,264 | $0 |
A Therapist Like Me Asheville, NC | $53,805 | $0 |
Trustbuilding Inc Lagrange, GA | $86,966 | $0 |