North Carolina Empowering Kids & Communities Foundation Inc
- Assets
- $3.5m
- Revenue
- $380.7k
- Investments
- $950.9k
- Employees
- 0
- Location
- Pinehurst, NC
- Founding
- Data as of
- 12/2023
- EIN
- 85-4112763
Organization Overview
North Carolina Empowering Kids & Communities Foundation Inc is located in Pinehurst, NC. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Empowering Kids & Communities 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 12/2023, North Carolina Empowering Kids & Communities Foundation Inc generated $380.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (44.5%) each year.
Since 2021, North Carolina Empowering Kids & Communities Foundation Inc has awarded 18 individual grants totaling $505,000. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING PROVIDED TO RECOGNIZED IRC 501(C)(3) ORGANIZATIONS THAT SUPPORT COMMUNITY EDUCATION IN THE ARTS PROGRAMS, WITH SPECIFIC DIRECTION TO SUBSIDIZE ATTENDANCE COSTS FOR LOWER INCOME STUDENTS AS WELL AS TO SUPPORT THE OPERATING NEEDS OF THE RECIPIENT ORGANIZTIONS IN ORDER TO FULFILL THEIR CHARITABEL PURPOSES THAT ALIGN WITH THE NCEK&C FOUNDATION.
FUNDING TO RECOGNIZED IRC 501(C)(3) UNIVERSITIES TO SUBSIDIZE ESTABLISHED SCHOLARSHIP PROGRAMS THAT PROVIDE OPPORTUNITIES FOR ATTENDANCE BY LOWER INCOME STUDENTS, WHICH ALIGNS WITH ONE OF THE MISSIONS OF THE NCEK&C FOUNDATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Leuth President | 25 | $0 | |
Nicole Leuth Executive Director | 25 | $50,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $115,586 |
| Dividends & Interest | $16,593 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,476 |
| Capital Gain Net Income | $48,476 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $380,655 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,260 |
| Printing and publications | $0 |
| Other expenses | $422 |
| Total operating and administrative expenses | $62,182 |
| Contributions, gifts, grants paid | $153,962 |
| Total expenses and disbursements | $216,144 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,527,444 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $950,872 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,478,316 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, North Carolina Empowering Kids & Communities Foundation Inc has awarded $153,962 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BIGS & LITTLES NYC MENTORING PURPOSE: TO FUND EDUCATIONAL ACTIVITIES AND SPONSOR STUDENTS | $20,000 |
DANA PENA COLLEGE OF CHARLESTON PURPOSE: TO FUND EDUCATIONAL ACTIVITIES AND SUBSIDIZE STUDENT ATTENDENCE COSTS | $16,962 |
READING PARTNERS PURPOSE: TO SUPPORT A CLASSROOM FOR RIVER EAST ELEMENTARY IN NEW YORK CITY INCLUDING MATERIALS & COMPUTERS. | $52,000 |
EMPOWERING DANCE PURPOSE: TO SUPPORT INITIATIVE WITH DURHAM HOUSING AUTHORITY TO BRING DANCE CLASSES ONSITE INTO THEIR COMMUNITY INCLUDING SUPPORT FOR TEACHERS AND OTHER RELATED COSTS. ALSO TO PROVIDE SCHOLARSHIPS TO STUDENTS. | $25,000 |
HENRY STREET SETTLEMENT PURPOSE: TO PROVIDE SCHOLARSHIPS FOR STUDENTS UNABLE TO AFFORD CLASSES AND SUPPORT BRINGING IN DANCE FURTHER INTO LOWER EAST SIDE OF NY. | $30,000 |
CONTINUOUS BLESSINGS FOUNDATION PURPOSE: COMMUNITY BENEFIT DONATION TO RECOGNIZED PUBLIC CHARITY | $10,000 |