North Carolina Community Foundation Inc
- Assets
- $442.8m
- Revenue
- $109.8m
- Investments
- $36.2m
- Employees
- 38
- Location
- Raleigh, NC
- Founding
- 06/1986
- Data as of
- 03/2022
- EIN
- 58-1661700
Organization Overview
North Carolina Community Foundation Inc is located in Raleigh, NC. The organization was established in 1986. 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 03/2022, North Carolina Community Foundation Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina 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 03/2022, North Carolina Community Foundation Inc generated $109.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $31.3m during the year ending 03/2022. While expenses have increased by 10.0% 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.
Since 2017, North Carolina Community Foundation Inc has awarded 3,082 individual grants totaling $101,432,676. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
HUMAN SERVICES & PUBLIC AND SOCIETAL BENEFIT: DISBURSED 1,683 GRANTS TO COMMUNITY SERVICE ORGANIZATIONS TO SUPPORT VOLUNTEERISM, COMMUNITY SERVICE AND ECONOMIC DEVELOPMENT PROGRAMS WITH A FOCUS ON RURAL COMMUNITIES.
EDUCATION & SCHOLARSHIPS: DISBURSED 788 GRANTS TO ASSIST NORTH CAROLINIANS IN PURSUIT OF THEIR ACADEMIC GOALS AT VARIOUS ORGANIZATIONS INCLUDING LIBRARIES AND EDUCATIONAL INSTITUTIONS. STUDENTS STUDIED A WIDE VARIETY OF SUBJECTS. FOR MORE INFORMATION ABOUT OPPORTUNITIES, APPLICATIONS, AND OUR SELECTION PROCESS, PLEASE VISIT WWW.NCCOMMUNITYFOUNDATION.ORG.
ARTS, CULTURE & HUMANITIES: DISBURSED 260 GRANTS TO SUPPORT ORGANIZATIONS IN THE ARTS AND HUMANITIES, INCLUDING ARTS COUNCILS, HISTORIC PRESERVATION SOCIETIES, MUSEUMS, AND PERFORMING ARTS PROGRAMS.
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 |
|---|---|---|---|
Jennifer Tolle Whiteside President & CEO | Officer | 40 | $222,637 |
Wilson Simmons CFO | Officer | 40 | $156,426 |
Leslie Ann Locascio Vp-Community Investment & Engagement | 40 | $145,919 | |
Kathryn R Holding Director Of Development | 40 | $134,481 | |
Denise L Marshall Director Of Operations | 40 | $128,548 | |
John Hartley Cio | 40 | $125,683 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mccabe Message Ptrs Public Relations | 3/30/18 | $183,548 |
Rural Support Partners Consulting | 3/30/18 | $220,920 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $42,010 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,616,359 |
| Noncash contributions included in lines 1a–1f | $32,636,242 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,658,369 |
| Total Program Service Revenue | $674,556 |
| Investment income | $9,270,578 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $42,250,762 |
| Net Income from Fundraising Events | -$5,935 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $109,848,330 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,021,742 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $213,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $417,262 |
| Compensation of current officers, directors, key employees. | $118,711 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,412,862 |
| Pension plan accruals and contributions | $156,942 |
| Other employee benefits | $279,666 |
| Payroll taxes | $204,251 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,231 |
| Fees for services: Accounting | $47,704 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,164,637 |
| Fees for services: Other | $288,474 |
| Advertising and promotion | $70,346 |
| Office expenses | $68,046 |
| Information technology | $232,258 |
| Royalties | $0 |
| Occupancy | $407,558 |
| Travel | $10,064 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,700 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $80,197 |
| Insurance | $25,513 |
| All other expenses | $1,452 |
| Total functional expenses | $31,315,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,711,042 |
| Savings and temporary cash investments | $517,960 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,815 |
| 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 | $572,028 |
| Net Land, buildings, and equipment | $213,412 |
| Investments—publicly traded securities | $390,558,286 |
| Investments—other securities | $36,224,806 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,975,661 |
| Total assets | $442,779,010 |
| Accounts payable and accrued expenses | $13,228 |
| Grants payable | $344,922 |
| Deferred revenue | $92,476 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $33,902,004 |
| 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 | $4,053,688 |
| Total liabilities | $38,406,318 |
| Net assets without donor restrictions | $384,792,001 |
| Net assets with donor restrictions | $19,580,691 |
| 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 | $442,779,010 |
Grants Awarded
Over the last fiscal year, North Carolina Community Foundation Inc has awarded $22,756,622 in support to 577 organizations.
| Grant Recipient | Amount |
|---|---|
Raleigh, NC PURPOSE: PUBLIC & SOCIETAL BENEFIT | $2,185,000 |
Winston Salem, NC PURPOSE: HEALTH | $1,250,000 |
Balsam, NC PURPOSE: HUMAN SERVICES | $500,000 |
Greenville, NC PURPOSE: EDUCATION | $361,763 |
Charleston, SC PURPOSE: PUBLIC & SOCIETAL BENEFIT | $345,739 |
Wilmington, NC PURPOSE: PUBLIC & SOCIETAL BENEFIT | $333,334 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that North Carolina Community Foundation Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Brighton Foundation Trust Cashiers, NC PURPOSE: OPERATIONS | $2,000 |
Endowment Analysis
| Beg. Balance | $13,685,443 |
| Earnings | $418,387 |
| Admin Expense | $139,404 |
| Net Contributions | $187,238 |
| Other Expense | $290,557 |
| Ending Balance | $13,861,107 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN | $205,748,037 | $85,831,682 |
The Community Foundation Inc Richmond, VA | $859,349,771 | $152,790,051 |
Charlottesville Area Community Foundation Charlottesville, VA | $339,690,669 | $77,610,040 |
North Carolina Community Foundation Inc Raleigh, NC | $442,779,010 | $109,848,330 |
Hampton Roads Community Foundation Norfolk, VA | $431,066,210 | $16,919,172 |
Triangle Community Foundation Durham, NC | $302,593,887 | $28,260,487 |
Coastal Community Foundation Of South Carolina Inc N Charleston, SC | $293,333,431 | $80,143,972 |
Chattanooga Christian Community Foundation Chattanooga, TN | $107,861,272 | $37,732,736 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN | $242,437,300 | $52,106,763 |
East Tennessee Foundation Knoxville, TN | $333,652,631 | $23,055,951 |
The Community Foundation Of Western North Carolina Inc Asheville, NC | $422,748,745 | $38,320,270 |
Community Foundation Of Greater Greensboro Inc Greensboro, NC | $268,212,461 | $40,395,887 |