Ncf Carolinas Inc
- Assets
- $1.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 8
- Location
- Charlotte, NC
- Founding
- 10/2017
- Data as of
- 12/2023
- EIN
- 82-1961443
Organization Overview
Ncf Carolinas Inc is located in Charlotte, NC. The organization was established in 2017. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Ncf Carolinas Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ncf Carolinas 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, Ncf Carolinas Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. 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
OUR MISSION IS TO MOBILIZE RESOURCES BY INSPIRING BIBLICAL GENEROSITY AND CREATING CHARITABLE GIVING STRATEGIES AMONG INDIVIDUALS, FAMILIES, BUSINESSES, ADVISORS, MINISTRIES AND NON-PROFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MISSION IS ACCOMPLISHED BY MOBILIZING CASH AND NON-CASH RESOURCES AND INSPIRING BIBLICAL GENEROSITY TO ACCOMPLISH OUR VISION OF EVERY PERSON REACHED AND RESTORED THROUGH THE LOVE OF CHRIST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Darden Director | Trustee | 0.5 | $0 |
Michele Stone Director | Trustee | 0.5 | $0 |
Ken Samuelson Director | Trustee | 0.5 | $0 |
Alanna Linden Director | Trustee | 0.5 | $0 |
Samuel Blumenthal Director | Trustee | 0.5 | $0 |
Cliff Benson III Board Chair | OfficerTrustee | 1 | $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 | $21,248 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,248 |
| Total Program Service Revenue | $1,294,848 |
| Investment income | $32,107 |
| 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 | $1,351,290 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $218,417 |
| 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. | $500,250 |
| Compensation of current officers, directors, key employees. | $50,025 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $254,242 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $95,030 |
| Payroll taxes | $56,021 |
| Fees for services: Management | $73,793 |
| Fees for services: Legal | $2,523 |
| Fees for services: Accounting | $17,284 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $75,480 |
| Office expenses | $10,955 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,765 |
| Travel | $120,692 |
| 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 | $6,293 |
| Insurance | $22,304 |
| All other expenses | $0 |
| Total functional expenses | $1,548,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,622 |
| Savings and temporary cash investments | $1,032,547 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,390 |
| 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 | $29,515 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,056 |
| Total assets | $1,202,130 |
| Accounts payable and accrued expenses | $6,995 |
| 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 | $6,995 |
| Net assets without donor restrictions | $1,195,135 |
| 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 | $1,202,130 |
Grants Awarded
Over the last fiscal year, Ncf Carolinas Inc has awarded $90,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL CHRISTIAN FOUNDATION PURPOSE: CHARITABLE SUPPORT | $75,000 |
CHARLOTE KNIGHTS LLC FOOD FUNDRAISER PURPOSE: FOOD FUNDRAISER | $15,000 |