Capital Community Foundation Inc
- Assets
- $19.8m
- Revenue
- $554.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Raleigh, NC
- Founding
- 04/1996
- Data as of
- 12/2022
- EIN
- 56-1942969
Organization Overview
Capital Community Foundation Inc is located in Raleigh, NC. The organization was established in 1996. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Capital Community Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital Community 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 12/2022, Capital Community Foundation Inc generated $554.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Capital Community Foundation Inc has awarded 244 individual grants totaling $14,104,454. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FUNDRAISING FOR AND FACILITATING CONTRIBUTIONS TO BENEFIT VARIOUS 501(C)(3) PUBLIC CHARITIES, THROUGHOUT THE UNITED STATES AND ABROAD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL FOUNDATION GRANTS SUPPORTED 501 (C) (3) CHARITIES- SEE ATTACHED LIST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer S Munford President & CEO | Officer | 40 | $120,000 |
Bailey M Williams CFO | Officer | 40 | $21,000 |
J Stephenson Bryant Director | Trustee | 0 | $0 |
Paul Y Coble Director | Trustee | 0 | $0 |
Richard A Thompson Director | Trustee | 0 | $0 |
Thomas H Fetzer Jr 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 | $403,401 |
| Noncash contributions included in lines 1a–1f | $51,923 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $403,401 |
| Total Program Service Revenue | $0 |
| Investment income | $53,913 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,136 |
| Net Gain/Loss on Asset Sales | $95,591 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $554,041 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $864,240 |
| 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. | $120,000 |
| Compensation of current officers, directors, key employees. | $120,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $89,500 |
| Pension plan accruals and contributions | $21,000 |
| Other employee benefits | $8,442 |
| Payroll taxes | $12,929 |
| Fees for services: Management | $30,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,787 |
| Office expenses | $1,687 |
| Information technology | $8,925 |
| Royalties | $0 |
| Occupancy | $60,080 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,677 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,705 |
| All other expenses | $1,121 |
| Total functional expenses | $1,236,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $679,280 |
| Savings and temporary cash investments | $818,479 |
| 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 | $10,150,000 |
| Investments—publicly traded securities | $8,202,201 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,849,960 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $19,849,960 |
| 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 | $19,849,960 |
Grants Awarded
Over the last fiscal year, Capital Community Foundation Inc has awarded $750,788 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS | | | $20,000 |
ANGIER AREA FOOD PANTRY | | | $10,000 |
BOYS AND GIRLS CLUB OF WAKE COUNTY | | | $65,000 |
ANGIER BAPTIST CHURCH | | | $40,000 |
EPOCH TIMES | | | $10,000 |
ACT FOR AMERICA | | | $30,000 |