Outer Banks Community Foundation Inc
- Assets
- $25.8m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 9
- Location
- Manteo, NC
- Founding
- 08/1983
- Data as of
- 12/2023
- EIN
- 58-1516313
Organization Overview
Outer Banks Community Foundation Inc is located in Manteo, NC. The organization was established in 1983. 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 12/2023, Outer Banks Community Foundation Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Outer Banks 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 12/2023, Outer Banks Community Foundation Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $2.7m during the year ending 12/2023. While expenses have increased by 20.4% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE OUTER BANKS COMMUNITY FOUNDATION HELPS MEET LOCAL NEEDS ACROSS DARE COUNTY AND THE ENTIRE OUTER BANKS. WE MANAGE CHARITABLE FUNDS FOR INDIVIDUALS AND AGENCIES, AND WE TARGET GRANTS AND SCHOLARSHIPS TOWARD OUR COMMUNITYS MOST PRESSING NEEDS AND PROMISING OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUTER BANKS COMMUNITY FOUNDATION IS THE PHILANTHROPIC ENGINE OF THE LOCAL CHARITABLE SECTOR, PROVIDING SUPPORT FOR THE OUTER BANKS' MOST EXCITING PROJECTS AND URGENT NEEDS. THEY ASSIST LOCAL STUDENTS OF ALL AGES IN ACHIEVING THEIR EDUCATIONAL GOALS. THE FOUNDATION IS UNIQUE AS THE ONLY FUNDING SOURCE THAT REACHES ALL TYPES OF CHARITIES ACROSS THE OUTER BANKS. THEY SUPPORT PROGRAMS IN THE ARTS, EDUCATION, PUBLIC SAFETY, HEALTH AND HUMAN SERVICES, DISASTER RELIEF, HISTORIC PRESERVATION, THE ENVIRONMENT, AND ANIMAL SERVICES. IN 2023, THE FOUNDATION AWARDED MORE THAN 1,250,000 IN GRANTS AND SCHOLARSHIPS TO DOZENS OF NONPROFITS AND 81 LOCAL STUDENTS. TO DATE, THE FOUNDATION HAS INVESTED OVER 14 MILLION INTO CHARITABLE CAUSES ON THE OUTER BANKS IN ITS FORTY-ONE YEAR HISTORY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Sawin President & | OfficerTrustee | 50 | $93,231 |
Jean-Louise Dixon Chair | OfficerTrustee | 10 | $0 |
Jason Waughtel Vice Chair | OfficerTrustee | 5 | $0 |
Pat Regan Treasurer | OfficerTrustee | 5 | $0 |
Lynda Hester Secretary | OfficerTrustee | 5 | $0 |
Cath Baldwin Director | Trustee | 2 | $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 | $2,108,074 |
| Noncash contributions included in lines 1a–1f | $149,330 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,108,074 |
| Total Program Service Revenue | $0 |
| Investment income | $648,909 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $122,720 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,945,091 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,938,561 |
| Grants and other assistance to domestic individuals. | $213,208 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $106,869 |
| Compensation of current officers, directors, key employees. | $26,717 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $163,962 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,001 |
| Payroll taxes | $20,853 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,291 |
| Fees for services: Accounting | $10,487 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $57,883 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $84,754 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,159 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,789 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,873 |
| Insurance | $1,700 |
| All other expenses | $390 |
| Total functional expenses | $2,710,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $682,663 |
| Savings and temporary cash investments | $370,046 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,046 |
| 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 | $690,629 |
| Investments—publicly traded securities | $24,026,946 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,773,330 |
| Accounts payable and accrued expenses | $29,149 |
| Grants payable | $2,750,099 |
| 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 | $2,779,248 |
| Net assets without donor restrictions | $21,068,615 |
| Net assets with donor restrictions | $1,925,467 |
| 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 | $25,773,330 |