Leadership North Carolina Inc
- Assets
- $1.2m
- Revenue
- $814.9k
- Investments
- $416.1k
- Employees
- 4
- Location
- Raleigh, NC
- Founding
- 01/1992
- Data as of
- 06/2022
- EIN
- 56-1757109
Organization Overview
Leadership North Carolina Inc is located in Raleigh, NC. The organization was established in 1992. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 06/2022, Leadership North Carolina Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leadership North Carolina 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 06/2022, Leadership North Carolina Inc generated $814.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $762.0k during the year ending 06/2022. While expenses have increased by 5.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE LEADERSHIP NORTH CAROLINA PROGRAM IS TO INFORM, DEVELOP AND ENGAGE COMMITTED LEADERS BY BROADENING THEIR UNDERSTANDING OF AND INVOLVEMENT IN ISSUES AND OPPORTUNITIES FACING OUR STATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEVEN MONTHLY, TWO-AND-A-HALF DAY SESSIONS GIVE CLASS MEMBERS A BROADER UNDERSTANDING OF THE STATE WITH A FOCUS ON ISSUES AND OPPORTUNITIES IN THE AREAS OF ECONOMIC DEVELOPMENT, EDUCATION, ENVIRONMENT, GOVERNMENT, AND HEALTH AND HUMAN SERVICES. 55 STUDENTS ATTENDED THE PROGRAM DURING THE 2021/2022 YEAR.IN ADDITION TO THE CLASS MEMBERS, 740 ATTENDEES PARTICIPATED IN CLASS XXIX ALUMNI AND REGIONAL EVENTS AND 147 ATTENDED LNC FORUM TO FURTHER AWARENESS OF THE ISSUES FACED BY THE STATE OF NORTH CAROLINA. IN ADDITION TO FORUM AND LNC'S CORE PROGRAMMING, 6 LEADERSHIP SESSIONS AND EVENTS WERE HELD DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Etheridge Brian President | Officer | 40 | $148,905 |
Ladig Curt Chair | OfficerTrustee | 1 | $0 |
Teskey Kristy Immediate Past Chair | OfficerTrustee | 1 | $0 |
Garrett William A Chair Emeritus, Lifetime B | OfficerTrustee | 1 | $0 |
Davis Wesley Treasurer | OfficerTrustee | 1 | $0 |
Burton Ken Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $71,473 |
| All other contributions, gifts, grants, and similar amounts not included above | $380,869 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $452,342 |
| Total Program Service Revenue | $334,226 |
| Investment income | $10,236 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,095 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $814,899 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $26,200 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $198,668 |
| Compensation of current officers, directors, key employees. | $11,135 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $204,738 |
| Pension plan accruals and contributions | $19,200 |
| Other employee benefits | $37,360 |
| Payroll taxes | $26,118 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,194 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,283 |
| Office expenses | $983 |
| Information technology | $31,592 |
| Royalties | $0 |
| Occupancy | $3,174 |
| Travel | $15,335 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $421 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,252 |
| Insurance | $1,979 |
| All other expenses | $13,210 |
| Total functional expenses | $761,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,079 |
| Savings and temporary cash investments | $331,622 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $349,477 |
| 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 | $31,354 |
| Net Land, buildings, and equipment | $8,436 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $416,057 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,180,025 |
| Accounts payable and accrued expenses | $49,214 |
| 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 | $14,088 |
| Total liabilities | $63,302 |
| Net assets without donor restrictions | $513,986 |
| Net assets with donor restrictions | $602,737 |
| 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 | $1,180,025 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Leadership North Carolina Inc has recieved totaling $113,526.
| Awarding Organization | Amount |
|---|---|
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $30,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $30,000 |
Goodnight Educational Foundation Cary, NC PURPOSE: UNRESTRICTED FUNDS | $25,000 |
North Carolina Electric Membership Corporation Raleigh, NC PURPOSE: CONTRIBUTION | $15,000 |
Bright Funds Foundation San Jose, CA PURPOSE: GENERAL PURPOSE | $5,913 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,607 |
Endowment Analysis
| Beg. Balance | $977,894 |
| Earnings | -$82,242 |
| Net Contributions | $27,056 |
| Other Expense | $14,859 |
| Grants | $8,300 |
| Ending Balance | $899,549 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National College Advising Corps Inc Chapel Hill, NC | $20,327,206 | $21,685,877 |
Tennessee State Collaborative On Reforming Education Nashville, TN | $23,375,202 | $18,088,323 |
Cameron Foundation Petersburg, VA | $170,387,931 | $14,350,568 |
Youth Educational Services Inc Tucker, GA | $1,618,316 | $5,042,597 |
Meridian Education Resource Group Inc Atlanta, GA | $7,961,644 | $4,980,107 |
Virginia Tech Services Inc Blacksburg, VA | $8,676,644 | $3,908,616 |
Student U Durham, NC | $9,122,297 | $4,911,286 |
Technology Student Association Reston, VA | $4,030,587 | $3,611,530 |
Petersburg Library Foundation Inc Petersburg, VA | $154,347 | $1,622,780 |
The University Of Virginias College At Wise Foundation Inc Wise, VA | $42,097,023 | $1,930,622 |
National Technical Honor Society Flat Rock, NC | $2,944,841 | $1,721,548 |
E-Polk Tryon, NC | $1,902,633 | $1,526,655 |