Alamance Community Foundation

Organization Overview

Alamance Community Foundation is located in Burlington, NC. The organization was established in 2018. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Alamance Community Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alamance Community Foundation 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 12/2021, Alamance Community Foundation generated $2.4m in total revenue. All expenses for the organization totaled $1.3m during the year ending 12/2021.

Since 2019, Alamance Community Foundation has awarded 98 individual grants totaling $2,612,317. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ALAMANCE COMMUNITY FOUNDATION IS A CHARITABLE ORGANIZATION DEDICATED TO STRENGTHENING ALAMANCE COUNTY FOR PRESENT AND FUTURE GENERATIONS THROUGH PHILANTHROPY. WORKING TOWARD A VISION OF AN INCLUSIVE, CARING AND VIBRANT COMMUNITY, THE COMMUNITY FOUNDATION FACILITATES GIVING THAT IMPROVES LIVES IN THE COMMUNITY, MAINTAINS PERMANENT ENDOWMENT FUNDS, AND PARTNERS WITH DONORS TO SHAPE EFFECTIVE RESPONSES TO COMMUNITY ISSUES AND OPPORTUNITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DONOR ADVISED: THE COMMUNITY FOUNDATION MANAGES 37 DONOR-ADVISED AND SCHOLARSHIP FUNDS WHICH ENABLE RESIDENTS OF ALAMANCE COUNTY TO ACHIEVE THEIR INDIVIDUAL CHARITABLE GOALS. DURING 2021, 225 GRANTS TOTALING $531,617 WERE DISBURSED IN SUPPORT OF FAITH-BASED, HEALTH AND HUMAN SERVICE, EDUCATIONAL, AND OTHER COMMUNITY SERVICE ORGANIZATIONS.


FIELD OF INTEREST: THE COMMUNITY FOUNDATION MANAGES ENDOWMENT AND UNRESTRICTED GRANT FUNDS WHICH ARE USED TO STRENGTHEN ITS COMMUNITY FOR PRESENT AND FUTURE GENERATIONS. FOCUS AREAS FOR 2021 WERE PROGRAM/PROJECT-BASED FUNDING IN THE AREAS OF EDUCATION, HEALTH AND HUMAN SERVICE, YOUTH PROGRAMMING, AND THE ARTS.


ORGANIZATION FUNDS: AREA RESIDENTS HAVE CREATED FUNDS TO SUPPORT SPECIFIC NONPROFIT ORGANIZATIONS. DURING 2021, 11 SPECIAL INTEREST ENDOWMENT FUNDS GRANTED $90,836 TO THEIR BENEFICIARY ORGANZIATIONS. IN ADDITION, THE COMMUNITY FOUNDATION MANAGES THE ENDOWMENT FUNDS OF LOCAL NONPROFIT ORGANIZATIONS, A TOTAL OF 26 FUNDS IN 2021. ACCORDINGLY, THE FOUNDATION RECOGNIZES A LIABILITY TO THE NONPROFIT AND ADJUSTS THIS LIABILITY FOR RELATED CONTRIBUTIONS, EARNINGS, GRANTS AND EXPENSES. IN 2021, $72,853 WAS RETURNED TO THESE ORGANIZATIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Gavin Stevens
Executive Director
$93,584
Frances Lummy Barnes
Chair
$0
Jerry Bailey
Past President
$0
Cindy Chandler
Treasurer
$0
James Powell
Secretary
$0
Steve Buckley
Director
$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$1,721,250
Noncash contributions included in lines 1a–1f $897,972
Total Revenue from Contributions, Gifts, Grants & Similar$1,721,250
Total Program Service Revenue$207,612
Investment income $454,921
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 $2,383,783

Grants Awarded

Over the last fiscal year, Alamance Community Foundation has awarded $681,415 in support to 36 organizations.

Grant RecipientAmount

Colorado Springs, CO

PURPOSE: PROGRAM ASSISTANCE

$81,500

ALAMANCE COMMUNITY COLLEGE FOUNDATION

Org PageRecipient Profile

Graham, NC

PURPOSE: PROGRAM ASSISTANCE

$58,231

FIRST PRESBYTERIAN CHURCH OF BURLINGTON

Org PageRecipient Profile

Burlington, NC

PURPOSE: PROGRAM ASSISTANCE

$52,558

CENTER FOR COMMUNITY SELF-HELP

Org PageRecipient Profile

Durham, NC

PURPOSE: PROGRAM SUPPORT

$45,000

Elon, NC

PURPOSE: PROGRAM ASSISTANCE

$43,710

FRONT STRET UNITED METHODIST CHURCH

PURPOSE: PROGRAM ASSISTANCE

$36,600
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Alamance Community Foundation has recieved totaling $6,046.

Awarding OrganizationAmount
Smith Family Foundation

Greensboro, NC

PURPOSE: GIFT

$5,000
Covance Charitable Foundation

Burlington, NC

PURPOSE: GENERAL SUPPORT

$1,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$46
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$9,471,482
Earnings$1,536,965
Admin Expense$131,737
Net Contributions$844,537
Grants$220,029
Ending Balance$11,501,218

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