John Locke Foundation Inc
- Assets
- $5.0m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 52
- Location
- Raleigh, NC
- Founding
- 02/1990
- Data as of
- 06/2024
- EIN
- 56-1656943
Organization Overview
John Locke Foundation Inc is located in Raleigh, NC. The organization was established in 1990. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2024, John Locke Foundation Inc employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. John Locke 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 06/2024, John Locke Foundation Inc generated $5.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $5.6m during the year ending 06/2024. While expenses have increased by 5.6% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE FOUNDATION IS TO CONDUCT RESEARCH, DISSEMINATE INFORMATION, AND ADVANCE PUBLIC UNDERSTANDING OF SOCIETY BASED ON THE PRINCIPLES OF INDIVIDUAL LIBERTY, THE VOLUNTARY EXCHANGES OF A FREE MARKET ECONOMY, AND LIMITED GOVERNMENT. THE FOUNDATION SHALL GIVE PRIORITY TO NORTH CAROLINA STATE PUBLIC POLICY ISSUES AND NATIONAL ISSUES AFFECTING NORTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH - THE ORGANIZATION CONDUCTS AND ANALYZES RESEARCH IN SEVERAL AREAS, INCLUDING FISCAL POLICY, HEALTH AND HUMAN SERVICES, EDUCATION, LEGAL POLICY, AGRICULTURE, ENERGY AND THE ENVIRONMENT, REGULATION, ELECTION SECURITY, AND TRANSPORTATION. RESEARCH EFFORTS ALSO INCLUDE THE CENTER FOR PUBLIC INTEGRITY, THE NORTH CAROLINA HISTORY PROJECT, THE CENTER FOR AGRICULTURAL INNOVATION, AND THE CENTER FOR EFFECTIVE EDUCATION.
FIRST IN FREEDOM - THIS IS A ROBUST PROGRAM AREA THAT ENCOMPASSES THE FOUNDATION'S OUTREACH EFFORTS, INCLUDING BUT NOT LIMITED TO: LEADERSHIP PROGRAMS SUCH AS THE EA MORRIS FELLOWSHIP AND INTERNSHIP PROGRAM, BOTH INTENDED TO TRAIN A NEW GENERATION OF LEADERS USING FREE-MARKET IDEAS; GRASSROOTS OUTREACH: AN EFFORT TO IDENTIFY, RECRUIT AND ENGAGE GRASSROOTS LEADERS THROUGHOUT THE STATE; GOVERNMENT AFFAIRS: EDUCATES ELECTED OFFICIALS AND COMMUNITY LEADERS ABOUT LIMITED GOVERNMENT POLICIES AT THE STATE LEVEL; AS WELL AS EVENTS SUCH AS THE CAROLINA LIBERTY CONFERENCE.
COMMUNICATIONS - THE ORGANIZATION'S MISSION AND OBJECTIVES IS SUPPORTED THROUGH MEDIUMS SUCH AS THE LOCKE WEBSITE, SOCIAL MEDIA PLATFORMS, AND EMAIL. THE COMMUNICATIONS INFRASTRUCTURE ALSO INCLUDES A STATE-OF-THE-ART STUDIO DESIGNED FOR CREATING SOUND AND VIDEO CONTENT.
CAROLINA JOURNAL - CAROLINA JOURNAL OFFERS DAILY COMMENTARY AND ANALYSIS OF NORTH CAROLINA POLITICS AND POLICY AND IS A LEADER IN INVESTIGATIVE JOURNALISM IN THE STATE. THE OUTFIT MAINTAINS A NEWS MEDIA STRUCTURE THAT INCLUDES PRINT, DIGITAL, AND RADIO AND REACHES MARKETS STATE-WIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Harden Employee | 40 | $204,008 | |
Donald Bryson CEO | OfficerTrustee | 40 | $188,861 |
Brian Balfour Employee | 40 | $111,963 | |
John Sanders Employee | 40 | $108,238 | |
Donna King Employee | 40 | $101,584 | |
Jim Anthony Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $51,756 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,030,253 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,082,009 |
| Total Program Service Revenue | $0 |
| Investment income | $55,687 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,167 |
| Net Income from Fundraising Events | -$118,416 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,051,424 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $65,400 |
| 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. | $188,861 |
| Compensation of current officers, directors, key employees. | $33,051 |
| Compensation to disqualified persons | $16,574 |
| Other salaries and wages | $2,321,990 |
| Pension plan accruals and contributions | $75,608 |
| Other employee benefits | $218,981 |
| Payroll taxes | $202,653 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $69,597 |
| Fees for services: Accounting | $131,733 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $52,345 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $641,023 |
| Advertising and promotion | $141,682 |
| Office expenses | $328,524 |
| Information technology | $176,679 |
| Royalties | $0 |
| Occupancy | $377,311 |
| Travel | $168,632 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $207,049 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,632 |
| Insurance | $54,985 |
| All other expenses | $0 |
| Total functional expenses | $5,571,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,816,200 |
| Pledges and grants receivable | $48,087 |
| 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 | $52,863 |
| Net Land, buildings, and equipment | $141,554 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,956,475 |
| Total assets | $5,015,179 |
| Accounts payable and accrued expenses | $330,314 |
| 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 | $2,188,895 |
| Total liabilities | $2,519,209 |
| Net assets without donor restrictions | $2,282,292 |
| Net assets with donor restrictions | $213,678 |
| 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 | $5,015,179 |
Grants Awarded
Over the last fiscal year, John Locke Foundation Inc has awarded $61,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PALMETTO PROMISE INSTITUTE | | | $13,000 |
SOUTH CAROLINA POLICY COUNCIL EDUCA | | | $13,000 |
CAROLINAS ACADEMIC LEADERSHIP NETWO | | | $35,000 |