The Nc National Guard Soldiers And Airmen Assistance Fund Inc
- Assets
- $1.6m
- Revenue
- $215.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Raleigh, NC
- Founding
- 07/2004
- Data as of
- 12/2023
- EIN
- 56-2463581
Organization Overview
The Nc National Guard Soldiers And Airmen Assistance Fund Inc is located in Raleigh, NC. The organization was established in 2004. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. NC National Guard Soldiers And Airmen Assistance Fund 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 12/2023, NC National Guard Soldiers And Airmen Assistance Fund Inc generated $215.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $160.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, NC National Guard Soldiers And Airmen Assistance Fund Inc has awarded 36 individual grants totaling $613,651. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL ASSISTANCE TO FAMILIES AND MEMBERS OF THE NC NATIONAL GUARD WHO ARE EXPERIENCING FINANCIAL HARDSHIPS DUE TO MILITARY DEPLOYMENTS AND OTHER EMERGENCIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR THE YEAR ENDED 12/31/21, THE FUND PROVIDED FUNDS TO FOUR ORGANIZATIONS AND 179 INDIVIDUAL FAMILIES TO PROVIDE FINANCIAL ASSISTANCE TO MEMBERS AND FAMILIES OF THE NC NATIONAL GUARD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew W Goodwin Board Chair | OfficerTrustee | $0 | |
Jessica M Gilmore Vice Chairma | OfficerTrustee | $0 | |
Peter F Versfeld Finance Offi | OfficerTrustee | $0 | |
Steven D Martin Board Member | Trustee | $0 | |
John T Gattis Board Member | Trustee | $0 | |
Kelly S Jackson Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $120,133 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,525 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $172,658 |
| Total Program Service Revenue | $0 |
| Investment income | $48,954 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$12,009 |
| Net Income from Fundraising Events | -$2,184 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $215,352 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $52,425 |
| Grants and other assistance to domestic individuals. | $38,538 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $33,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,525 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,806 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,371 |
| Fees for services: Other | $9,000 |
| Advertising and promotion | $4,649 |
| Office expenses | $1,629 |
| Information technology | $2,085 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $115 |
| 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 | $0 |
| Insurance | $619 |
| All other expenses | $25 |
| Total functional expenses | $160,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,546 |
| Savings and temporary cash investments | $218,699 |
| 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 | $0 |
| Investments—publicly traded securities | $1,302,273 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,561,518 |
| Accounts payable and accrued expenses | $2,757 |
| 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 | $2,757 |
| Net assets without donor restrictions | $1,558,761 |
| 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 | $1,561,518 |
Grants Awarded
Over the last fiscal year, The Nc National Guard Soldiers And Airmen Assistance Fund Inc has awarded $50,341 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF THE AIR GUARD FAMILY PRG PURPOSE: FINANCIAL ASSISTANCE | $10,000 |
NC NATIONAL GUARD (SAVE A SOLDIER) PURPOSE: FINANCIAL ASSISTANCE | $15,221 |
NC NATIONAL GUARD (BACKPACK PROGRAM PURPOSE: FINANCIAL ASSISTANCE | $10,120 |
TARHEEL MINUTEMAN FOUNDATION PURPOSE: FINANCIAL ASSISTANCE | $15,000 |