The Jesse Helms Center Foundation
- Assets
- $9.2m
- Revenue
- $914.2k
- Investments
- $0.0
- Employees
- 17
- Location
- Wingate, NC
- Founding
- 04/1989
- Data as of
- 12/2022
- EIN
- 56-1613516
Organization Overview
The Jesse Helms Center Foundation is located in Wingate, NC. The organization was established in 1989. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. As of 12/2022, Jesse Helms Center Foundation employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jesse Helms Center 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 12/2022, Jesse Helms Center Foundation generated $914.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT AND SUSTAIN THE JESSE HELMS CENTER
Describe the Organization's Program Activity:
A.J. FLETCHER BUILDING: PRESERVES SENATOR HELMS' PAPERS AND MEMORABILIA AND ALLOWS RESEARCHERS TO STUDY HIS LIFE AND HIS INFLUENCE ON POLITICS AND PUBLIC POLICY; A TRAINING CENTER FOR HELMS CENTER PROGRAMS.
EDUCATIONAL PROJECTS: EDUCATE YOUTH LEADERS ON FREE ENTERPRISE, LEADERSHIP, AND CHARACTER. LECTURES AND SPECIAL OUTREACH TO EDUCATE THE GENERAL PUBLIC AND STUDENTS ON NATIONAL AND INTERNATIONAL PUBLIC POLICY ISSUES.
PUBLICATIONS: PUBLICATION AND PROMOTION OF BOOKS AND OTHER FORMS OF MEDIA TO EDUCATE ON THE HISTORICAL LEGACY OF SENATOR JESSE HELMS, OUR COUNTRY'S FOUNDING PRINCIPLES, AND PUBLIC POSITIONS THAT ADVANCE THE CAUSE OF FREEDOM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ms Nancy Helms Director | Trustee | 0 | $0 |
Mr Marion Bagwell Treasurer | OfficerTrustee | 0 | $0 |
Mr James Broughton Chairman | OfficerTrustee | 0 | $0 |
Mr Brian Summers Director | Trustee | 0 | $0 |
Ms Susan Decamp Conger Director | Trustee | 0 | $0 |
Mr Todd Johnson Director | Trustee | 0 | $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 | $552,899 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $552,899 |
| Total Program Service Revenue | $0 |
| Investment income | $222,201 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,200 |
| Net Gain/Loss on Asset Sales | $99,923 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $914,193 |
| 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. | $190,684 |
| Compensation of current officers, directors, key employees. | $36,464 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $151,721 |
| Pension plan accruals and contributions | $16,192 |
| Other employee benefits | $73,989 |
| Payroll taxes | $26,735 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $132,490 |
| Insurance | $24,319 |
| All other expenses | $91,627 |
| Total functional expenses | $1,259,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $374,280 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,325,468 |
| Investments—publicly traded securities | $6,539,311 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,239,059 |
| Accounts payable and accrued expenses | $65,064 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $65,064 |
| Net assets without donor restrictions | $9,173,995 |
| 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 | $9,239,059 |