New Hanover County Financing Corporation

Organization Overview

New Hanover County Financing Corporation is located in Wilmington, NC. The organization was established in 1998. According to its NTEE Classification (W11) the organization is classified as: Single Organization Support, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Hanover County Financing Corporation 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 06/2023, New Hanover County Financing Corporation generated $22.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 24.1% each year . All expenses for the organization totaled $22.4m during the year ending 06/2023. While expenses have increased by 24.1% per year over the past 4 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

ASSIST NEW HANOVER COUNTY IN CARRYING OUT ITS GOVERNMENTAL FUNCTIONS THROUGH ISSUANCE OF DEBT FOR THE ACQUISITION AND CONSTRUCTION OF PUBLIC IMPROVEMENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ASSIST NEW HANOVER COUNTY IN CARRYING OUT ITS GOVERNMENTAL FUNCTIONS THROUGH ISSUANCE OF DEBT FOR THE ACQUISITION AND CONSTRUCTION OF PUBLIC IMPROVEMENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Chris Coudriet
Secretary And Vice President
$0
Eric Credle
Treasurer And Assistant Secretary
$0
Bill Rivenbark
President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $22,396,634
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$22,396,634
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $22,396,634

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