Country Club Of North Carolina Foundation Inc
- Assets
- $519.6k
- Revenue
- $270.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Pinehurst, NC
- Founding
- Data as of
- 12/2022
- EIN
- 84-4637601
Organization Overview
Country Club Of North Carolina Foundation Inc is located in Pinehurst, NC. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Country Club Of North Carolina 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 12/2022, Country Club Of North Carolina Foundation Inc generated $270.1k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 42.8% each year . All expenses for the organization totaled $113.5k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CCNC FOUNDATION SUPPORTS COMMUNITY SERVICES, AMATEUR ATHLETICS, AND PROVIDES DISASTER RELIEF AND EDUCATIONAL ASSISTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S MAJOR INITIATIVES DURING 2022 INCLUDED EMERGENCY / DISASTER ASSISTANCE TO SEVERAL EMPLOYEES AS THE RESULT OF UNEXPECTED MEDICAL CONDITIONS, DEATH OF A CHILDREN, EDUCATIONAL SUPPLY ASSISTANCE AND THE POWER GRID OUTAGE IN MOORE COUNTY. THE FOUNDATION ALSO PARTNERED WITH THE LOCAL COMMUNITY COLLEGE TO PROVIDE FOR EDUCATIONAL ASSISTANCE. THE FOUNDATION CONTINUES TO SUPPORT THE LOCAL COMMUNITY THROUGH SPONSORSHIP OF THE FIRST TEE FOUNDATION EVENT: PROVIDING WATER TO THE US KIDS GOLF FOUNDATION FOR THEIR SUMMER GOLF EVENT AND A PARTNERSHIP EVENT WITH THE HV3 FOUNDATION TO SUPPORT BOTH FOUNDATIONS INITIATIVES .
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | 1 | $0 | |
Name Not Listed Director | 1 | $0 | |
Name Not Listed Director | 1 | $0 | |
Name Not Listed Director | 1 | $0 | |
Name Not Listed Director | 1 | $0 | |
Name Not Listed Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $62,625 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $218,644 |
| Noncash contributions included in lines 1a–1f | $19,127 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $281,269 |
| Total Program Service Revenue | $0 |
| Investment income | $3,008 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$14,221 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $270,056 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $69,694 |
| Grants and other assistance to domestic individuals. | $28,133 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,507 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,149 |
| All other expenses | $0 |
| Total functional expenses | $113,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $216,618 |
| Savings and temporary cash investments | $303,008 |
| 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 | $519,626 |
| Accounts payable and accrued expenses | $2,448 |
| 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 | $2,448 |
| Net assets without donor restrictions | $0 |
| 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 | $517,178 |
| Total liabilities and net assets/fund balances | $519,626 |
Grants Awarded
Over the last fiscal year, Country Club Of North Carolina Foundation Inc has awarded $68,033 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN JUNIOR GOLF ASSOCIATION (AJGA) PURPOSE: SUPPORT OF UKRAINE GOLFERS ESCAPING WAR | $12,450 |
US KIDS GOLF FOUNDATION PURPOSE: PROVIDE WATER FOR THE ATHLETES AND VOLUNTEERS DURING TOURAMENT IN MOORE CTY | $16,881 |
HV3 FOUNDATION PURPOSE: OPERATIONAL SUPPORT (JOINT FUNDRAISING EVENT -- SHARE OF PROFIT ) | $23,702 |
SANDHILLS COMMUNITY COLLEGE FOUNDATION PURPOSE: START OF GUARANTOR PROGRAM TO ASSIST WITH EXPENSES NOT COVERED BY FINANCIAL AID | $15,000 |