Carolina Leadership Coalition Inc
- Assets
- $410.1k
- Revenue
- $517.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Raleigh, NC
- Founding
- Data as of
- 12/2021
- EIN
- 81-2595702
Organization Overview
Carolina Leadership Coalition Inc is located in Raleigh, NC. Carolina Leadership Coalition Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Carolina Leadership Coalition Inc generated $517.5k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $218.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 3 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVOCATE FOR POLICIES THAT PROMOTE ECONOMIC DEVELOPMENT AND IMPROVE EDUCATION, AND TO EDUCATE THE PUBLIC REGARDING POSITIVE BENEFITS OF LOWER TAXATION AND LIMITED GOVERNMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSORED A PUBLIC POLICY BLOG AND SOCIAL MEDIA POSTS TO PROVIDE EDUCATION AND COMMENTARY REGARDING NC STATE TAX AND BUDGET ISSUES, SUCH AS PROVISIONS OF THE BIENNIAL STATE BUDGET, ECONOMIC INCENTIVES FOR BUSINESSES, AND COVID-19 RELIEF PROVIDED TO SMALL BUSINESSES.
HOSTED AN ANNUAL POLICY DINNER IN RALEIGH FEATURING THE PRESIDENT OF A NATIONAL BUSINESS-RELATED ADVOCACY ORGANIZATION, GOPAC EDUCATION FUND, AND PRESENTATION OF NC PUBLIC OPINION SURVEYS RELATED TO COVID-19 RESTRICTIONS, VACCINE MANDATES, IMMIGRATION LAWS, AND EDUCATION ISSUES AFFECTING TAXPAYERS AND BUSINESSES IN THE STATE.
SENT EDUCATIONAL UPDATES TO MEMBERS AND OTHERS DESCRIBING KEY LEGISLATIVE ACTIONS TAKEN BY THE NC GENERAL ASSEMBLY REGARDING COVID-19 RESTRICTIONS, VACCINE RESEARCH, EDUCATION, AND CORPORATE AND PERSONAL INCOME TAXES.
CONTRIBUTED TO A NATIONAL BUSINESS-RELATED ADVOCACY ORGANIZATION, GOPAC EDUCATION FUND, TO SUPPORT THEIR EFFORTS TO PROMOTE BUSINESS-FRIENDLY LEGISLATIVE POLICIES. PROGRAM EXPENSES WERE 50,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Murchison B Biggs Secretary & | OfficerTrustee | $0 | |
Lindsey Griffin President & | OfficerTrustee | $0 | |
D Victor Edwards Treasurer | Officer | $0 | |
Jeffery B Turner Director | Trustee | $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 | $517,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $517,500 |
| 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 | $517,500 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,080 |
| Fees for services: Management | $36,000 |
| Fees for services: Legal | $4,423 |
| Fees for services: Accounting | $5,130 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $15,026 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $43,467 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,418 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,218 |
| All other expenses | $0 |
| Total functional expenses | $218,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $410,098 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $410,098 |
| 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 | $410,098 |
| 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 | $410,098 |
Grants Awarded
Over the last fiscal year, Carolina Leadership Coalition Inc has awarded $475,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Arlington, VA PURPOSE: SEE PART IV FOR DETL | $200,000 |
Washington, DC PURPOSE: SEE PART IV FOR DETL | $150,000 |
Arlington, VA PURPOSE: SEE PART IV FOR DETL | $75,000 |
Washington, DC PURPOSE: SEE PART IV FOR DETL | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Carolina Leadership Coalition Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Association Of Dental Support Organizations Arlington, VA PURPOSE: CONTRIBUTIONS TO PACS | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nhnfp Healthcare Inc Atlanta, GA | $223,126,263 | $90,563,041 |
Georgia Tech Foundation Inc Atlanta, GA | $3,057,656,645 | $246,304,114 |
Providence Health Alliance Inc St Louis, MO | $27,745,143 | $62,779,739 |
Childrens Research Institute Washington, DC | $13,958,035 | $66,659,816 |
Public Interest Registry Reston, VA | $67,348,678 | $103,286,594 |
Aspire Health Partners Inc Orlando, FL | $88,783,924 | $102,481,660 |
Dixie Electric Power Assn Laurel, MS | $277,061,319 | $96,509,999 |
Alexian Brothers Ambulatory Group St Louis, MO | $321,335,814 | $68,677,417 |
Charity Global Inc Hagerstown, MD | $173,056,021 | $101,611,139 |
Truth Initiative Foundation Washington, DC | $1,008,096,015 | $92,158,475 |
Florida Charter Educational Foundation Inc Ft Lauderdale, FL | $156,543,730 | $97,506,587 |
Columbia College Columbia, MO | $267,475,036 | $84,570,180 |