2020-11-16T12:42:49-06:00 2019-12-31 861065772 DELOITTE TAX LLP 150 FAYETTEVILLE STREET STE 1000 RALEIGH NC 27601 990 2019-01-01 237423031 A J FLETCHER FOUNDATION AJFL 9193222580 909 GLENWOOD AVENUE RALEIGH NC 276051511 DANIEL P MCGRATH TREASURER 9195734640 2020-11-16 1 CARL C MALLIOS P00244969 9195468000 X 167.219.88.140 2020-11-16 12:16:31 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 9AA7E03991124A0B7CBA0BE0AA45FCB303371382 2019 2021-01-29 14:40:06Z DAMON J CIRCOSTA 909 GLENWOOD AVENUE RALEIGH NC 276051511 158494152 0 X WWW.AJF.ORG X 1975 NC SEE SCHEDULE O NARRATIVE FOR PART III, LINE 1 5 3 4 0 30418590 27136525 0 0 0 0 41047016 36542315 1709469 -10747 42756485 36531568 4820500 7248733 0 0 321279 349278 0 0 0 1800732 5481102 6942511 13079113 35813974 23452455 130057472 146008574 37629 26687 130019843 145981887 X SEE SCHEDULE OTHE A.J. FLETCHER FOUNDATION OPERATES FOR THE EXCLUSIVE BENEFIT OF THE FLETCHER ACADEMY, SCHOOL OF ACHIEVEMENT, INC. AND IN FURTHERANCE OF A PURPOSE OF THE FLETCHER ACADEMY, A DESIGNATED CLASS OF OTHER CHARITABLE ORGANIZATIONS. THROUGH ITS GRANTS, THE FOUNDATION SUPPORTS THE FLETCHER ACADEMY AND OTHER PUBLIC CHARITIES LOCATED IN NORTH CAROLINA OR SERVING NORTH CAROLINA RESIDENTS THAT HAVE AS ONE OF THEIR PURPOSES THE CARE OR SUPPORT OF THE ELDERLY, INFIRM OR INDIGENT, THE PROMOTION OF EDUCATION, ARTISTIC ENDEAVORS, COMMUNICATION ARTS, OR PUBLIC RECREATION OR THE FOSTERING OF RELIGIOUS FAITH. 0 0 4442233 4442233 THE A. J. FLETCHER FOUNDATION IS A SUPPORTING ORGANIZATION FOR THE FLETCHER ACADEMY SCHOOL OF ACHIEVEMENT, INC., SERVING NORTH CAROLINA AS AN INDEPENDENT, CO-EDUCATIONAL DAY SCHOOL WITH OVER 100 STUDENTS IN GRADES 1-12 WITH LEARNING DISABILITIES AND/OR ATTENTION DEFICIT DISORDERS. THE ACADEMY HELPS THESE SPECIAL STUDENTS MASTER BASIC ACADEMIC AND SOCIAL SKILLS WHILE INSTILLING IN THEM A POSITIVE SENSE OF THEIR OWN RESPONSIBILITY FOR LEARNING. THE SCHOOL IS ACCREDITED BY THE SOUTHERN ASSOCIATION OF INDEPENDENT SCHOOLS AND THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS. 3075187 2806500 IN KEEPING WITH ITS MISSION OF SUPPORTING CHARITABLE ORGANIZATIONS WITH CERTAIN PURPOSES LOCATED IN NORTH CAROLINA OR SERVING NORTH CAROLINA RESIDENTS, THE A.J. FLETCHER FOUNDATION MADE GRANTS TOTALING $2,806,500 TO CHARITABLE ORGANIZATIONS INVOLVED IN THE SUPPORT OF THE ELDERLY, INFIRM OR INDIGENT, IN EDUCATION, IN ARTISTIC ENDEAVORS, IN COMMUNICATION ARTS, IN PUBLIC RECREATION AND IN FOSTERING RELIGIOUS FAITH. SEE ALSO SCHEDULE I, FOR A DETAILED LIST OF ALL GRANTS PAID IN 2019. 7517420 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 6 0 1 4 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 5 3 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 NC X DANIEL P MCGRATH 9193222580 909 GLENWOOD AVENUE RALEIGH NC 276051511 BETH BRIGGS DIRECTOR 1.00 0.00 X 0 0 0 GREG PATTERSON DIRECTOR 1.00 0.00 X 0 0 0 JAMES F GOODMON CHAIRMAN OF THE BOARD 2.00 0.00 X 0 0 0 JAMES F GOODMON JR SECRETARY/DIRECTOR 1.00 0.00 X X 0 0 0 MARIA SPAULDING DIRECTOR 1.00 0.00 X 0 0 0 BARBARA L GOODMON PRESIDENT 1.00 0.00 X 0 0 0 DAMON J CIRCOSTA VICE-PRESIDENT/EXECUTIVE DIREC 40.00 0.00 X 161716 0 45250 DANIEL P MCGRATH TREASURER/SECRETARY 3.00 2.00 X 0 0 0 161716 0 45250 1 0 1 0 DONOGHUE FORLINES 63 FOREST AVE STE 1 LOCUST VALLEY NY 11560 INVESTMENT FEES 321684 WELLS FARGO 4208 SIX FORKS RD STE 1220 RALEIGH NC 27609 INVESTMENT FEES 167457 2 33830410 30418590 3411820 26869 77369 -50500 -50500 -50500 124597120 121883508 1707 2713612 -1707 2711905 2711905 GRANT REFUND 900099 35000 35000 FEDERAL TAX REFUND 900099 4753 4753 39753 36531568 0 30418590 6112978 7248733 7248733 206966 155224 51742 102422 82093 20329 10430 8360 2070 10705 8581 2124 18755 14429 4326 4974 4974 21477 21477 55461 55461 489141 489141 175 175 9209 9209 3169 3169 77282 77282 372 372 1418 1418 42200 42200 14935 14935 TAXES 4715897 4715897 TICKETS & SPONSORSHIPS 29451 29451 CATERING & SPECIAL EVEN 4566 4566 BOARD EXPENSES 4258 4258 7117 7117 13079113 7517420 5561693 0 891843 337603 64051 2695551 603 211 105981 150000 3219618 629256 2664969 2590362 102519331 116213104 23809340 24020389 1354 1354 130057472 146008574 37629 26687 37629 26687 X 130019843 145981887 130019843 145981887 130057472 146008574 X 23452455 12551871 -20042282 X X 0 0 0 X X 1 THE FLETCHER ACADEMY 581447219 2 1 4442233 0 1 4442233 0 1 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 SCHEDULE A, PART IV, SECTION A, LINE 6: IN KEEPING WITH ITS MISSION OF SUPPORTING CHARITABLE ORGANIZATIONS WITH CERTAIN PURPOSES LOCATED IN NORTH CAROLINA OR SERVING NORTH CAROLINA RESIDENTS, THE A. J. FLETCHER FOUNDATION MADE GRANTS TOTALING $2,806,500 TO CHARITABLE ORGANIZATIONS INVOLVED IN THE SUPPORT OF THE ELDERLY, INFIRM OR INDIGENT, IN EDUCATION, IN ARTISTIC ENDEAVORS, IN COMMUNICATION ARTS, IN PUBLIC RECREATION AND IN FOSTERING RELIGIOUS FAITH. SEE ALSO SCHEDULE I, FOR A DETAILED LIST OF ALL GRANTS PAID IN 2019. THE A. J. FLETCHER FOUNDATION OPERATES FOR THE EXCLUSIVE BENEFIT OF THE FLETCHER ACADEMY, SCHOOL OF ACHIEVEMENT, INC. (THE "FLETCHER ACADEMY") AND IN FURTHERANCE OF A PURPOSE OF THE FLETCHER ACADEMY, A DESIGNATED CLASS OF OTHER CHARITABLE ORGANIZATIONS. THE ARTICLES OF INCORPORATION OF THE A. J. FLETCHER FOUNDATION PROVIDE IN RELEVANT PART AS FOLLOWS: 2. PURPOSE. THE PURPOSES FOR WHICH THE CORPORATION IS ORGANIZED ARE: . . . B. TO SUPPORT AND AT ALL TIMES HEREAFTER TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF: (1) THE FLETCHER ACADEMY, SCHOOL OF ACHIEVEMENT, INC., A NORTH CAROLINA NONPROFIT CORPORATION, AND (2) ANY ORGANIZATION (I) DESCRIBED IN SECTION 509(A)(1) OR SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, OR THE CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAWS, (II) CONTRIBUTIONS TO WHICH ARE DEDUCTIBLE UNDER SECTIONS 170(C), 2055(A) AND 2522(A) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, OR THE CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAWS, (III) LOCATED OR CONDUCTING ANY PART OF ITS ACTIVITIES IN NORTH CAROLINA OR IN A MANNER BENEFITING RESIDENTS OF NORTH CAROLINA, AND (IV) WHICH HAS AS ONE OF ITS PURPOSES OR FUNCTIONS ANY OF THE FOLLOWING: (A) THE PROMOTION OF EDUCATION OR THE ADVANCEMENT OR PRESERVATION OF KNOWLEDGE INCLUDING, WITHOUT LIMITATION, THE OPERATION OF A SCHOOL, COLLEGE, UNIVERSITY, LIBRARY OR MUSEUM; (B) THE CARE OR SUPPORT OF THE ELDERLY, INFIRM, OR INDIGENT; (C) THE PROMOTION, ENCOURAGEMENT OR SUPPORT OF MUSICAL, THEATRICAL, VISUAL OR OTHER ARTISTIC ENDEAVORS; (D) THE PROMOTION, ENCOURAGEMENT OR SUPPORT OF MASS MEDIA OR OTHER COMMUNICATION ARTS; (E) THE PROMOTION, ENCOURAGEMENT OR SUPPORT OF PUBLIC RECREATION INCLUDING, WITHOUT LIMITATION, THE SUPPORT OF PUBLIC PARKS OR PLAYGROUNDS; OR (F) THE FOSTERING OF RELIGIOUS FAITH. THE ARTICLES OF INCORPORATION OF THE FLETCHER ACADEMY PROVIDE IN RELEVANT PART AS FOLLOWS: 4. PURPOSES. THE PURPOSES FOR WHICH THE CORPORATION IS TO BE FORMED ARE FOR SCIENTIFIC, EDUCATIONAL, AND CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1954 AND IN THIS CONNECTION, TO PROMOTE THE LEARNING ABILITIES AND WELFARE OF CHILDREN IN HOME, SCHOOL, AND COMMUNITY, TO RAISE THE STANDARDS OF HOME LIFE; AND TO BRING INTO CLOSER RELATION THE HOME AND THE SCHOOL, THAT PARENTS AND TEACHERS MAY COOPERATE INTELLIGENTLY IN THE TRAINING OF CHILDREN AND MORE SPECIFICALLY WITH THE ACHIEVEMENT SCHOOL, 2610 GLENWOOD AVE., RALEIGH, NORTH CAROLINA, . . .; TO SUPPORT OTHER ORGANIZATIONS (A) DESCRIBED IN SECTION 509(A)(1) OR SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, OR THE CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW, (B) CONTRIBUTIONS TO WHICH ARE DEDUCTIBLE UNDER SECTIONS 170(C), 2055(A) AND 2522(A) OF THE INTERNAL REVENUE CODE OF 1986 AS AMENDED, OR THE CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW, (C) LOCATED OR CONDUCTING ANY PART OF THEIR ACTIVITIES IN NORTH CAROLINA OR IN A MANNER BENEFITING RESIDENTS OF NORTH CAROLINA, AND (D) WHICH HAVE AS ONE OF THEIR PURPOSES OR FUNCTIONS ANY OF THE FOLLOWING: (I) THE PROMOTION OF EDUCATION OR THE ADVANCEMENT OR PRESERVATION OF KNOWLEDGE INCLUDING, WITHOUT LIMITATION, THE OPERATION OF A SCHOOL, COLLEGE, UNIVERSITY, LIBRARY OR MUSEUM, (II) THE CARE OR SUPPORT OF THE ELDERLY, INFIRM, OR INDIGENT, (III) THE PROMOTION, ENCOURAGEMENT OR SUPPORT OF MUSICAL, THEATRICAL, VISUAL, OR OTHER ARTISTIC ENDEAVORS, (IV) THE PROMOTION, ENCOURAGEMENT OR SUPPORT OF MASS MEDIA OR OTHER COMMUNICATION ARTS, (V) THE PROMOTION, ENCOURAGEMENT OR SUPPORT OF PUBLIC RECREATION, INCLUDING, WITHOUT LIMITATION, THE SUPPORT OF PUBLIC PARKS OR PLAYGROUNDS, OR (VI) THE FOSTERING OF RELIGIOUS FAITH SCHEDULE A, PART IV, SECTION A, LINE 9B AND 9C: JAMES F. GOODMON (CHAIRMAN OF THE BOARD) OWNS A CONTROLLING VOTING INTEREST, BUT NOT A CONTROLLING VALUE INTEREST, IN CAPITOL HOLDING COMPANY, INC. AND SUBSIDIARIES. JAMES F. GOODMON, JR. (SECRETARY) AND MICHAEL J. GOODMON (FORMER DIRECTOR) OWN A NON-CONTROLLING INTEREST IN CAPITOL HOLDING COMPANY, INC. AND SUBSIDIARIES. JAMES F. GOODMON (CHAIRMAN OF THE BOARD) ALSO OWNS A NON CONTROLLING INTEREST IN REVEAL MOBILE, INC. 680627 680627 2339643 467393 1872250 24241 4724 19517 48031 39753 8278 127076 117386 9690 2590362 BRIGGS RESTORATION LTD. LLC 2509419 C CAPITOL HOLDING COMPANY, INC. AND SUBSIDIARIES 15725203 C GLOBAL VINE, LLC 3000000 C GLOBAL VINE II LLC 355264 C HATTERAS VENTURE PARTNERS V, L.P. 1305502 C TEP CAPITOLA INVESTMENT, LLC 1000000 C REVEAL MOBILE, INC. 1 C HATTERAS VENTURE PARTNERS VI 125000 C 24020389 1 APPALACHIAN REGIONAL HEALTHCARE FOUNDATION PO BOX 2600 BOONE NC 28607 204625618 501(C)(3) 50000 PHYSICIAN RECRUITMENT FOR UNDERSERVED AREA APPALACHIAN STATE UNIVERSITY FOUNDATION ASU BOX 26064 MCKINNEY ALUMNI CENTER BOONE NC 28608 237099379 501(C)(3) 7500 ART SUPPORT APPALACHIAN THEATRE OF HIGH COUNTY PO BOX 11 DTS BOONE NC 28607 461461331 501(C)(3) 60000 ART SUPPORT CAMPBELL UNIVERSITY INC PO BOX 125 BUIES CREEK NC 27506 560529816 501(C)(3) 50000 PUBLIC ART CATHOLIC CHARITIES DIOCESE OF RALEIGH INC 300 HIGHWOODS BLVD RALEIGH NC 27604 530196617 501(C)(3) 325000 DURHAM FOOD PANTRY; OAK CITY CARES HOMELESS SUPPORT COMMON CAUSE EDUCATION FUND 907 GLENWOOD AVE RALEIGH NC 27605 311705370 501(C)(3) 100000 HBCU EDUCATION PROJECT COMMUNITY MUSIC SCHOOL 325 CHAPANOKE ROAD RALEIGH NC 27603 582098168 501(C)(3) 35000 GENERAL OPERATING SUPPORT DURHAM PUBLIC SCHOOLS FOUNDATION 2717 WESTERN BYPASS SUITE 104 DURHAM NC 27705 822803464 501(C)(3) 30000 CAPACITY BUILDING EAST COAST GREENWAY ALLIANCE (TRIANGLE TRAILS) 5826 FAYETTEVILLE RD STE 210 DURHAM NC 27713 043326812 501(C)(3) 25000 TRIANGLE GREENWAY PROJECT FRIEND OF NC STATE MUSEUM NATURAL SCIENCE PO BOX 26928 RALEIGH NC 276116928 561240806 501(C)(3) 55000 CAPITAL CAMPAIGN SUPPORT GREEN CHAIR PROJECT 1853 CAPITAL BLVD RALEIGH NC 27604 272323103 501(C)(3) 50000 CAPITAL CAMPAIGN SUPPORT INTER-FAITH FOOD SHUTTLE 1001 BLAIR ROAD RALEIGH NC 27603 561753180 501(C)(3) 25000 CHILDHOOD HUNGER ALLEVIATION MARBLES KIDS MUSEUM 201 E HARGETT STREET RALEIGH NC 27601 581647538 501(C)(3) 50000 GENERAL OPERATIONS MDC INC 307 W MAIN ST DURHAM NC 27701 560894222 501(C)(3) 12500 END POVERTY DURHAM PROJECT MUSEUM OF DURHAM HISTORY 500 W MAIN ST DURHAM NC 27701 943455685 501(C)(3) 40000 GENERAL OPERATING SUPPORT NC JUSTICE CENTER PO BOX 28068 RALEIGH NC 27611 561348186 501(C)(3) 435000 GENERAL OPERATING SUPPORT; EDUCATION AND COMMUNICATIONS PROJECT NC ARTS COUNCIL FOUNDATION 109 EAST JONES ST MSC4632 RALEIGH NC 27699 463987880 501(C)(3) 30000 NC SMART INITIATIVE NC CENTER ON ACTUAL INNOCENCE PO BOX 52446 SHANNON PLAZA STATION DURHAM NC 27717 562200512 501(C)(3) 62500 GENERAL OPERATING SUPPORT NC STATE UNIVERSITY ALUMNI ASSOCIATION CAMPUS BOX 7121 RALEIGH NC 27695 566035544 501(C)(3) 15000 CALDWELL FELLOWS PROGRAM NEIGHBOR 2 NEIGHBOR MINISTRIES PO BOX 25628 RALEIGH NC 27601 562016457 501(C)(3) 25000 MENTORING PROGRAM NORTH CAROLINA ARTS IN ACTION INC PO BOX 51277 DURHAM NC 27717 203029784 501(C)(3) 15000 GENERAL OPERATING SUPPORT NORTH CAROLINA WILDLIFE FEDERATION 1024 WASHINGTON ST STE 100 RALEIGH NC 27605 561564375 501(C)(3) 100000 MARINE RESEARCH PROGRAM OAK HILL ACADEMY 2635 OAK HILL ROAD MOUTH OF WILSON NC 24363 540563004 501(C)(3) 5000 N.C. STUDENT FINANCIAL SCHOLARSHIPS PARTNERS FOR YOUTH OPPORTUNITY PO BOX 51235 DURHAM NC 27717 352206640 501(C)(3) 25000 HIGH SCHOOL MENTORING PROGRAM PUBLIC SCHOOL FORUM OF NC INC 3739 NATIONAL DRIVE SUITE 101 RALEIGH NC 27612 581654064 501(C)(3) 100000 ADVANCING PUBLIC SCHOOLS PROGRAM UNC SCHOOL OF JOURNALISM & MASS COMM FOUNDATION CAMPUS BOX 3365 CHAPEL HILL NC 27599 566034739 501(C)(3) 64000 EDUCATION REPORTER FELLOWSHIP SOUTHEASTERN BAPTIST THEOLOGICAL SEMINARY PO BOX 1889 WAKE FOREST NC 27588 560649251 501(C)(3) 15000 CURRICULUM SUPPORT SOUTHERN COALITION FOR SOCIAL JUSTICE 1415 NC HWY 54 SUITE 101 DURHAM NC 27707 260688375 501(C)(3) 40000 GENERAL OPERATING SUPPORT THE SALVATION ARMY PO BOX 27584 RALEIGH NC 27601 580660607 501(C)(3) 25000 GENERAL OPERATING SUPPORT TRIANGLE GOLF FOUNDATION INC 880 WESTGATE PARK DRIVE RALEIGH NC 27617 562266025 501(C)(3) 60000 YOUTH EDUCATION PROGRAM UNC CENTER FOR PUBLIC TELEVISION 10 TW ALEXANDER DRIVE RTP NC 27709 566172047 501(C)(3) 50000 EDUCATIONAL TELEVISION SERIES FUNDING UNC CHAPEL HILL ARTS & SCIENCE FOUNDATION 240 E CAMERON AVE CHAPEL HILL NC 27599 561150509 501(C)(3) 15000 PARR CENTER FOR ETHICS BOWL URBAN MINISTRIES OF WAKE COUNTY INC 1390 CAPITAL BLVD RALEIGH NC 27603 581422700 501(C)(3) 30000 GENERAL OPERATING SUPPORT WAKE FOREST UNIVERSITY OFFICE OF UNIVERSITY ADVANCEMENT PO BOX 7227 WINSTONSALEM NC 27106 560532138 501(C)(3) 80000 AJ FLETCHER LAW SCHOOL SCHOLARSHIPS YMCA OF THE TRIANGLE AREA 801 CORPORATE CENTER DRIVE STE 200 RALEIGH NC 27607 560591307 501(C)(3) 400000 SOUTHEAST RALEIGH CAPITAL CAMPAIGN FLETCHER ACADEMY SCHOOL OF ACHIEVEMENT 400 CEDARVIEW CT RALEIGH NC 27609 581447219 501(C)(3) 4442233 SCHOOL BUILDING PROJ.; CAMPUS RENO. PROJ.; GEN. OPS/SCHOLARSHIP SUPP.; LITERACY OUTREACH PROG. EAST DURHAM CHILDREN'S INITIATIVE 2101 ANGIER AVE 3RD FLOOR DURHAM NC 27703 320263133 501(C)(3) 200000 GENERAL OPERATING SUPPORT DURHAM PUBLIC SCHOOLS 1005 MONMOUTH AVENUE DURHAM NC 27701 566001021 501(C)(3) 100000 SKILLED TRADES PROGRAM 38 PART I, LINE 2: GRANTEES ARE REQUIRED TO COMPLETE AND SUBMIT ANNUAL REPORTS CONFIRMING THEIR USE OF GRANT DOLLARS. ALL GRANT MONIES ARE USED BY ORGANIZATIONS LOCATED OR CONDUCTING ANY PART OF ITS ACTIVITIES IN NORTH CAROLINA OR IN A MANNER BENEFITING RESIDENTS OF NORTH CAROLINA. X 0 0 0 0 0 0 0 0 0 DAMON J CIRCOSTA VICE-PRESIDENT/EXECUTIVE DIREC 161716 0 0 0 0 0 19549 0 25701 0 206966 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 JAMES F. GOODMON (CHAIRMAN OF THE BOARD), BARBARA L. GOODMON (PRESIDENT), AND JAMES F. GOODMON, JR (SECRETARY) HAVE A FAMILY RELATIONSHIP. JAMES F. GOODMON (CHAIRMAN OF THE BOARD) HAS A BUSINESS RELATIONSHIP WITH JAMES F. GOODMON, JR. (SECRETARY), AND DANIEL P. MCGRATH (TREASURER). FORM 990, PART VI, SECTION A, LINE 8B THE AJFF DOES NOT HAVE ANY STANDING COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. WHEN TEMPORARY COMMITTEES ARE APPOINTED BY THE BOARD, THE RELATED MEETINGS ARE CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING THE FORM 990, THE COMPLETED DOCUMENT IS FORWARDED TO MEMBERS OF THE BOARD FOR REVIEW AND COMMENT. FORM 990, PART VI, SECTION B, LINE 12C AT AN ANNUAL MEETING OF THE BOARD OF DIRECTORS, THE MEMBERS ARE REMINDED OF THE POLICY AND THEIR OBLIGATION TO COMPLY WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15A DETERMINATION OF THE EXECUTIVE DIRECTOR COMPENSATION IS BASED UPON COMPARATIVE DATA OF SIMILARLY QUALIFIED PERSONS, WITH CONTEMPORANEOUS DOCUMENTATION. NO OTHER OFFICERS OR KEY EMPLOYEES ARE COMPENSATED. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE DURING BUSINESS HOURS FOR VIEWING AT THE FOUNDATION'S OFFICE. FORM 990, PART XI, LINE 9: BOOK-TAX DIFF CHC K-1 REPORTING -20,115,129. BOOK-TAX DIFF GLOBAL VINE K-1 REPORTING 25,771. BOOK-TAX DIFF TEP CAPITOLA K-1 REPORTING 4,026. BOOK-TAX DIFF BRIGGS K-1 REPORTING 71,182. BOOK-TAX DIFF HVP K-1 REPORTING -44,535. BOOK-TAX DIFF HVP VI K-1 REPORTING 16,403. FORM 990, PART XII, LINE 1: A.J. FLETCHER FOUNDATION USES A MODIFIED CASH BASIS METHOD OF ACCOUNTING TO PREPARE THE FINANCIAL STATEMENTS AND FORM 990. GRANTS ARE RECORDED WHEN THE GRANT PAYMENT IS MADE. THE INVESTMENT IN PASS-THROUGH ENTITIES IS RECORDED ON THE CASH BASIS AND DOES NOT REFLECT THE K-1 ACTIVITY ON ITS BOOKS. FORM 990, PART XII, LINE 2: DESCRIPTION OF WHY THE ORG'S FINANCIAL STATEMENTS WERE NOT AUDITED: SINCE THE ORGANIZATION ACCEPTS NO FEDERAL OR STATE FUNDS, AN AUDIT IS NOT REQUIRED. SCHEDULE R, PART V, LINE 2: DESCRIPTION OF METHOD USED TO DETERMINE THE VALUE OF THE SERVICES: AMOUNTS ARE RECORDED BASED UPON THE CASH PAID OR RECEIVED. FORM 990, PART IV, LINE 28: SEE THE SCHEDULE O DESCRIPTION FOR FORM 990, PART VI, SECTION A, LINE 2 FOR DISCLOSURE OF FAMILY RELATIONSHIPS. THE FLETCHER ACADEMY 400 CEDARVIEW CT RALEIGH NC 27609 581447219 SCHOOL NC 501(C)(3) 2 N/A 0 BRIGGS BUILDING RESTORATION LLC 220 FAYETTEVILLE ST SUITE 200 RALEIGH NC 27601 562034042 RENTAL REAL ESTATE NC AJ FLETCHER FOUNDATION INVESTMENT 86818 1318023 0 1 0.79000 CAPITOL HOLDING COMPANY INC AND SUBSIDIARIES PO BOX 12000 RALEIGH NC 27605 561979330 HOLDING COMPANY NC N/A S 33462974 418685379 0.84500 0 REVEAL MOBILE INC 819 WEST HARGETT ST RALEIGH NC 27603 455111860 ADVERTISING NC N/A C -107067 120903 0.06410 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 CAPITAL HOLDING COMPANY INC AND SUBSIDIARIES S 10136199 DISTRIBUTIONS THE FLETCHER ACADEMY B 4442233 GRANTS BRIGGS BUILDING RESTORATION LLC S 158000 DISTRIBUTIONS