2018-11-06T15:02:49-06:00 2018-06-30 BDO USA LLP 8401 GREENSBORO DRIVE 800 MCLEAN VA 22102 990 2017-07-01 522204473 The Golden LEAF Inc % BETH EDMONDSON GOLD 2524427474 301 N Winstead Avenue Rocky Mount NC 27804 DANIEL J GERLACH PRESIDENT 2524427474 2018-11-05 true Marc Berger P01871563 7038930600 4.15.233.162 54621820183105000004 2018-11-06 P 4DB68E9310AB6A0CC47BBA369B123970E8804FD7 21113678E977CF0F147E11547FB84355093581B2 2017 2019-02-21 02:37:17Z Daniel J Gerlach 301 N Winstead Ave Rocky Mount NC 27804 238279127 false X www.goldenleaf.org X 1999 NC SEE PART III, LINE 1 15 15 18 0 531713 -447963 35389953 47744750 0 0 51852546 59171870 4488 4776 87246987 106921396 133579949 72977505 0 0 1977899 2126610 0 0 0 3332588 3568373 138890436 78672488 -51643449 28248908 1038999385 1129837199 171651037 201052429 867348348 928784770 X GOLDEN LEAF'S MISSION IS TO INCREASE ECONOMIC OPPORTUNITY IN NORTH CAROLINA'S RURAL AND TOBACCO-DEPENDENT COMMUNITIES THROUGH LEADERSHIP IN GRANTSMAKING, COLLABORATION, INNOVATION, AND STEWARDSHIP AS AN INDEPENDENT AND PERPETUAL FOUNDATION. false false 74547610 72977505 The primary purpose for which this Corporation was formed is to promote the social welfare and lessen the burdens of government by receiving and distributing funds to be used to provide economic impact assistance to economically affected or tobacco-dependent regions of North Carolina. In accordance with the consent decree and final judgment in state of north Carolina V. Phillip Morris Incorporated, ET AL., 98 CVS 14377. Activities in which the corporation may engage in the state of North Carolina include, but are not limited to, the following: 1. Education Assistance- provision of funds for educational programs for tobacco farmers and other workers impacted or projected to be impacted by the decline in demand for and/or production of tobacco or tobacco products. 2. Job training and employment assistance - Provision of loans and grants, to be used for job training and other employment-related programs to organizations assisting tobacco farmers and other workers dependent on tobacco farming, production and sales to transition to other sources of income. 3. Scientific research - Provision of funding for scientific research to develop new uses for tobacco or for the development of alternative cash crops. 4. Economic hardship assistance - Provision of direct grants, loans and other assistance programs to alleviate economic hardship, poverty or need experienced by tobacco farmers, quota owners, their families and others as a result of decline in quota and/or production of tobacco or tobacco products. 5. Public works and industrial recruitment - Provision of grants and loans to local governments for upgrading utilities, transportation, and other public service infrastructure to attract new businesses or for more general economic development purposes. 6. Health and human services - Provision of funding for improved health care and other social services needed to maintain the stability of tobacco-dependent communities. 7. Community assistance - Provision of direct grants and loans to economically depressed and deteriorating tobacco-dependent communities to be used exclusively for public purposes. 74547610 true true false true false false false false false false false true false false false false true false false false true false false false false false false true false true false false false false false false false false false false false false false false false false false true 20 0 true 18 true true true true EI false false false false false false false false X 15 15 false false false false true true true true true false false true true true true true true true false false X BETH EDMONDSON 2524427474 301 N WINSTEAD AVE rocky mount NC 27804 BO BIGGS DIRECTOR 3.0 0.0 X 1352 0 0 LAWRENCE DAVENPORT DIRECTOR 3.0 0.0 X 1352 0 0 BARRY DODSON DIRECTOR 3.0 0.0 X 0 0 0 DON FLOW DIRECTOR-ASSISTANT SECRETARY 3.0 0.0 X X 0 0 0 JIM GARDNER DIRECTOR 3.0 0.0 X 0 0 0 TOMMY HESTER DIRECTOR-TREASURER 3.0 0.0 X X 1248 0 0 RANDY ISENHOWER DIRECTOR-BOARD CHAIR 15.0 0.0 X X 1352 0 0 CAROLYN JUSTICE DIRECTOR-VICE CHAIR 3.0 0.0 X X 936 0 0 JOHNATHAN RHYNE DIRECTOR 3.0 0.0 X 936 0 0 LEE ROBERTS DIRECTOR 3.0 0.0 X 0 0 0 DAVID ROSE DIRECTOR 3.0 0.0 X 624 0 0 THOMAS STITH DIRECTOR 3.0 0.0 X 728 0 0 DAVID STOVER DIRECTOR-SECRETARY 3.0 0.0 X X 936 0 0 RALPH STRAYHORN DIRECTOR 3.0 0.0 X 1144 0 0 TOM TAFT DIRECTOR 3.0 0.0 X 0 0 0 JEROME VICK DIRECTOR 3.0 0.0 X 1144 0 0 DAN GERLACH PRESIDENT 40.0 0.0 X 194517 0 41277 MARK SORRELLS SENIOR VICE PRESIDENT 40.0 0.0 X 186568 0 36617 EDWARD LORD VP PROGRAMS/STAFF ATTY 40.0 0.0 X 129095 0 34481 BETH EDMONDSON CONTROLLER 30.0 0.0 X 105875 0 27127 627807 0 139502 4 false true false SILCHESTER INTERNATIONAL INVESTORS 780 THIRD AVENUE 42ND FLOOR NEW YORK NY 10017 Investment Mngmt 556531 DRZ 250 PARK AVENUE SOUTH SUITE 250 WINTER PARK FL 32789 Investment Mngmt 419309 Sit Investment Associates 80 S 8th Street MINNEAPOLIS MN 55402 Investment MGMT 388047 Prime Buchholz Associates Inc 25 Chestnut Street PORTSMOUTH NH 03801 Invest. Consulting 336395 Wellington Management 280 Congress Street BOSTON MA 02110 INVESTMENT MNGMT 326193 9 X 47500000 244750 47744750 0 13527254 531713 12995541 0 0 0 0 0 177002347 131357731 45644616 45644616 45644616 0 0 0 0 0 0 0 0 0 OTHER INCOME 900099 4776 4776 4776 106921396 531713 58644933 72977505 72977505 0 0 0 796863 508487 288376 0 938600 723148 215452 93578 72024 21554 185225 140523 44702 112344 80407 31937 0 133560 133560 65000 65000 0 0 3007349 3007349 0 47555 47555 31745 31745 70489 70489 0 78838 78838 47258 45516 1742 0 0 0 0 0 19791 19791 BOARD OF DIRECTORS EXPENSES 38559 38559 0 CAPITAL OUTLAYS 11094 11094 DUES AND MEMBERSHIPS 9416 9416 UNRELATED BUS. INCOME TAX 4941 4941 2778 2778 78672488 74547610 4124878 0 1286773 1238843 0 0 0 0 94418 62674 0 0 0 0 228640 136870 0 0 108114 111654 0 0 321612265 396087112 715669175 732200046 0 0 0 0 0 0 1038999385 1129837199 176980 185817 171474057 200866612 0 0 0 0 0 0 0 0 0 0 0 0 0 0 171651037 201052429 X 0 0 0 0 867348348 928784770 867348348 928784770 1038999385 1129837199 X 28248908 26578224 6609290 X false true X true false X 0 513851 11212167 35389953 47744750 94860721 0 0 0 513851 11212167 35389953 47744750 94860721 0 94860721 9504307 8759107 8177230 9100450 13527254 49068348 0 4498 9280 3332 4488 4776 26374 143955443 0.65896 0.76534 X false true false false false false true 2858 false false 2858 false Lobbying Activity - Form 990, Schedule C, Part II-B, LIne 1G These expenses represent salary and benefit costs for our president and program office, government relations liaison for time spent lobbying members of the NC general assembly related to legislation affecting Golden Leaf funding and educating legislators and their staff on the mission of the foundation and its work. ACADIAN GLOBAL MANAGED 54330102 F AG REALTY FND VII(TE)&FND VIII 4443016 F ARC IMPACT FUND 10862759 F AURORA VENTURES IV & V 4971224 F BEACON CPTL STRTEGIC PTRS V&VI 669283 F SWIFTCURRENT OFFSHORE, LTD. 26272665 F CANTILLON GLOBAL VALUE FUND 60185842 F CARLYLE VENTURE PARTNERS II,LP 2099052 F CAROUSEL CAPITAL PTRS III-V 11519419 F COLONY INVESTORS VIII, L.P 168500 F DENHAM COMMODITY PTRS FND V&VI 4202670 F ENCAP ENERGY CPTL FND/FLATROCK 18850774 F FARALLON CAPITAL INSTITUTIONAL 33972461 F FPA HAWKEYE FUND, LLC 29401475 F HARVEST MLP INCOME FUND II LLC 21251550 F HIGHLINE CAPITAL INTL, LTD 32148499 F KING STREET CAPITAL, LTD 24165285 F LEXINGTON CAPITAL PTRS V & LCP 1593813 F LONE CASCADE, L.P 34781497 F MATLIN PATTERSON GLOBAL OPP 2702302 F MATRIX CAPITAL MGMT FD (OFSHR) 33300715 F OCH-ZIFF REAL ESTATE FUND III 4227695 F OZ OVERSEAS FUND II, LTD 16738676 F Q-BLK PRIVATE CAPITAL II, L.P 3837902 F SHEPHERD INVESTMENTS INTL, LTD 536661 F SHERIDAN PRODUCTION PTRS I-B 8110000 F SILCHESTER INTL VALUE EQUITY 80346615 F SILVERPOINT CPTL OFFSHORE FUND 411426 F SYNERGY LIFE SCIENCE PTRS, L.P 3303368 F REALTY ASSOC. FND VIII,IX & X 6654555 F TACONIC OPP. OFFSHORE FUND,LTD 34808907 F THOMAS H LEE EQUITY FUND VI,LP 2190346 F TRUEBRIDGE CAPITAL PARTNERS V 111701 F VARDE CREDIT PARTNERS 24567518 F VARDE FUND IX, X, XI & XII 26525094 F WARBURG PINCUS X 7833077 F WELLINGTON ARCHIPELAGO 32844064 F WELLINGTON BAY POND 22292100 F WELLINGTON CTF EMERGING MARKET 44967438 F 732200046 130492271 26578224 26578224 103914047 3007349 3007349 106921396 69055849 69055849 3007349 6609290 9616639 78672488 FORM 990, SCHEDULE D, PART XII, LINE 4B CANCELLED GRANTS $6,609,290 Central America and the Caribbean Investments 223584981 Europe (Including Iceland and Greenland) Investments 60185842 North America Investments 55136164 338906987 338906987 true false false true true false true Town of Andrews 1101 Main Street Andrews NC 28901 566001164 Gov't Entity 200000 See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Part IV See Town of Ayden PO Box 219 Ayden NC 285130219 566001170 Gov't Entity 153000 See Part IV County of Beaufort 121 West 3rd Street Washington NC 28573 566001521 Gov't Entity 450000 See Part IV Town of Benson 303 E Church Street Benson NC 27504 566001176 Gov't Entity 422159 See Part IV Town of Benson 303 E Church Street Benson NC 27504 566001176 Gov't Entity 500000 See Part IV Town of Benson 303 E Church Street Benson NC 27504 566001176 Gov't Entity 565187 See Part IV County of Bertie PO Box 588 Windsor NC 27983 566000276 Gov't Entity 240000 See Part IV County of Bladen PO Box 2350 Elizabethtown NC 28337 566000277 Gov't Entity 390000 See Part IV Bladen Community College PO Box 266 Dublin NC 283320266 560894927 Gov't Entity 168725 See Part IV Bladen's Bloomin' 218-A Aviation Pkwy Elizabethtown NC 28337 460502334 501(C)(3) 200000 See Part IV Town of Candor PO Box 220 Candor NC 27229 566001191 Gov't Entity 230365 See Part IV Ctr for Creative Leadership One Leadership Place Greensboro NC 27410 237079591 501(C)(3) 1730000 See Part IV Town of Cerro Gordo PO Box 26 Cerro Gordo NC 28430 561090005 Gov't Entity 459200 See Part IV City of Claremont PO Box 446 Claremont NC 28610 566018221 Gov't Entity 250000 See Part IV Contentnea Metro Sewer Dist PO Box 477 Grifton NC 28530 561153915 Gov't Entity 2000000 See Part IV County of Cumberland PO Box 1829 Fayetteville NC 283021829 566000291 Gov't Entity 500000 See Part IV Cumberland County Hospital 1638 Owen Drive Fayetteville NC 28304 560845796 501(C)(3) 375350 See Part IV County of Dare PO Box 1000 Manteo NC 27954 566000293 Gov't Entity 133665 See Part IV Durham Tech Comm College Fdn 1637 Lawson Street Durham NC 27703 561423848 Gov't Entity 400000 See Part IV East Carolina University East Fifth Street Greenville NC 27858 566000403 Gov't Entity 172754 See Part IV County of Edgecombe PO Box 10 Tarboro NC 27886 566000298 Gov't Entity 540000 See Part IV Edgecombe Community College 2009 W Wilson Street Tarboro NC 27886 560897301 Gov't Entity 10000000 See Part IV Edgecombe Community College 2009 W Wilson Street Tarboro NC 27886 560897301 Gov't Entity 500000 See Part IV ERC Broadband 151 Patton Avenue Asheville NC 28801 562150550 501(C)(3) 174429 See Part IV Town of Elizabethtown PO Box 716 Elizabethtown NC 28337 566001217 Gov't Entity 2518950 See Part IV Fair Bluff Fire Department PO Box 645 Fair Bluff NC 28463 561774481 501(C)(3) 500392 See Part IV City of Fayetteville PO Drawer D Fayetteville NC 283021746 566001226 Gov't Entity 786510 See Part IV City of Fayetteville PO Drawer D Fayetteville NC 283021746 566001226 Gov't Entity 275822 See Part IV Town of Fountain PO Box 134 Fountain NC 278290134 566001228 Gov't Entity 385000 See Part IV County of Franklin 113 Market Street Louisburg NC 27549 566000299 Gov't Entity 884934 See Part IV Franklin Co Public Schools 53 West River Road Louisburg NC 27549 566001029 Gov't Entity 615066 See Part IV City of Goldsboro PO Drawer A Goldsboro NC 27530 566000228 Gov't Entity 285000 See Part IV Good Hope Hospital Inc PO Box 639 Erwin NC 28339 560554209 501(C)(3) 600000 See Part IV Granville Health System 1010 College Street Oxford NC 27565 560593547 Gov't Entity 500000 See Part IV County of Greene 229 Kingold Blvd Snow Hill NC 28580 566000304 Gov't Entity 650000 See Part IV County of Harnett PO Box 759 Lillington NC 27546 566000306 Gov't Entity 500000 See Part IV Harnett County Schools PO Box 1029 Lillington NC 27546 566001044 Gov't Entity 400000 See Part IV Town of Hertford PO Box 32 Hertford NC 279440032 566001243 Gov't Entity 637094 See Part IV Town of Hope Mills 5770 Rockfish Road Hope Mills NC 28348 566001250 Gov't Entity 400000 See Part IV County of Jackson 401 Grindstaff Cove Rd Sylva NC 28779 566000310 Gov't Entity 50000 See Part IV Lumbee Land Development Inc PO Box 2709 Pembroke NC 28372 562259380 501(c)(3) 585556 See Part IV City of Lumberton PO Box 1388 Lumberton NC 28359 566001274 Gov't Entity 1250000 See Part IV Montgomery County Schools 441 Page Street Troy NC 27371 566001076 Gov't Entity 105500 See Part IV Nash Community College PO Box 7488 Rocky Mount NC 27804 560895794 Gov't Entity 250000 See Part IV County of Nash 120 W Washington ST Nashville NC 27856 566000323 Gov't Entity 1250000 See Part IV County of Nash 120 W Washington ST Nashville NC 27856 566000323 Gov't Entity 132000 See Part IV Town of Nashville PO Drawer 987 Nashville NC 27856 566001300 Gov't Entity 500000 See Part IV Natural Capital Invstmnt Fund 77 Vilcom Center Dr Chapel Hill NC 27514 542058754 501(c)3 200000 See Part IV NC Central University 1801 Fayetteville Street Durham NC 27707 566000730 Gov't Entity 350000 See Part IV NC Community College System 5016 Mail Service Center Raleigh NC 27699 561288079 Gov't Entity 775000 See Part IV NC Rural Economic Dev Ctr 4021 Carya Drive Raleigh NC 27610 561552375 501(c)3 199968 See Part IV NC State Educ Assistance Auth PO Box 13663 RESEARCH T P NC 277093663 566172047 Gov't Entity 2508000 See Part IV NC State Univ - Friday Inst 1890 Main Campus DR Raleigh NC 276067249 566000756 Gov't Entity 200000 See Part IV NC State University 2701 Sullivan Drive Raleigh NC 276957653 566000756 Gov't Entity 2200000 See Part IV NC State University 2701 Sullivan Drive Raleigh NC 276957653 566000756 Gov't Entity 123271 See Part IV NC State University 2701 Sullivan Drive Raleigh NC 276957653 566000756 Gov't Entity 150000 See Part IV NC State University Campus Box 7514 - SRARCS Raleigh NC 27695 566000756 Gov't Entity 300000 See Part IV Town of Oak Island 4601 E Oak Island DR Oak Island NC 28465 566021949 Gov't Entity 1500000 See Part IV The Ocracoke Foundation Inc PO Box 1689 Ocracoke NC 27960 562602254 501(c)3 175820 See Part IV Onslow County Schools 200 Broadhurst Road Jacksonville NC 28540 566001089 Gov't Entity 575000 See Part IV RMOIC PO Box 2723 Rocky Mount NC 27802 560946196 501(c)3 275000 See Part IV County of Orange 131 W Margaret Lane Hillsborough NC 27278 566000327 Gov't Entity 128000 See Part IV Piedmont Community College PO Box 1197 Roxboro NC 27573 560990351 Gov't Entity 199891 See Part IV Pine Terrace Fire Department 38 Waynes Rd Lumberton NC 28358 561961402 501(c)3 405395 See Part IV Pitt County-Airport Auth 400 Airport Road Greenville NC 27835 566166223 Gov't Entity 754257 See Part IV Town of Pollocksville PO Box 97 Pollocksville NC 285730097 561054547 Gov't Entity 91800 See Part IV Town of Pollocksville PO Box 97 Pollocksville NC 285730097 561054547 Gov't Entity 64000 See Part IV Town of Princeton PO Box 67 Princeton NC 27569 566017367 Gov't Entity 497874 See Part IV Public Schools of Robeson Co PO Drawer 2909 Lumberton NC 28359 566001104 Gov't Entity 2600000 See Part IV Reinvestment Partners 110 E Geer St Durham NC 27701 311587628 501(c)(3) 40000 See Part IV Richmond Community College PO Box 1189 Hamlet NC 28345 560818376 Gov't Entity 200000 See Part IV City of Rocky Mount PO Box 1180 Rocky Mount NC 278021180 566001323 Gov't Entity 175000 See Part IV City of Rocky Mount PO Box 1180 Rocky Mount NC 278021180 566001323 Gov't Entity 208022 See Part IV Sampson Comm College Fdn PO Box 318 Clinton NC 28329 570834646 501(c)(3) 200000 See Part IV City of Sanford PO Box 3729 Sanford NC 273313729 566001328 Gov't Entity 1500000 See Part IV Town of Siler City PO Box 769 Siler City NC 27344 566001334 Gov't Entity 2000000 See Part IV Town of Siler City PO Box 769 Siler City NC 27344 566001334 Gov't Entity 600000 See Part IV Town of Smithfield PO Box 761 Smithfield NC 27577 566001335 Gov't Entity 70000 See Part IV Town of Smithfield PO Box 761 Smithfield NC 27577 566001335 Gov't Entity 500000 See Part IV Southeastern Reg Med Ctr 300 West 27th Street Lumberton NC 28359 560530233 501(c)3 354600 See Part IV Town of St Pauls 210 W Blue Street St Pauls NC 28384 566001327 Gov't Entity 350000 See Part IV Stokes County Schools PO Box 50 Danbury NC 27016 566001116 Gov't Entity 200000 See Part IV Sylvan Heights Waterfowl Park PO Drawer 368 Scotland Neck NC 27874 020774368 501(c)(3) 55400 See Part IV Town of Tarboro PO Box 220 Tarboro NC 27886 566001350 Gov't Entity 328228 See Part IV County of Tyrrell PO Box 449 Columbia NC 279250449 566000344 Gov't Entity 366000 See Part IV University Health Systems PO Box 8489 Greenville NC 278358489 200777374 501(c)(3) 10782315 See Part IV County of Vance 122 Young Street Henderson NC 27536 566000346 Gov't Entity 522987 See Part IV Vance County Schools 1724 Graham Avenue Henderson NC 27536 566001124 Gov't Entity 400000 See Part IV County of Warren PO Box 619 Warrenton NC 27589 566000348 Gov't Entity 200000 See Part IV County of Wayne 224 E Walnut St Goldsboro NC 27530 566001520 Gov't Entity 150000 See Part IV Wayne County Dev Alliance 309 E Chestnut Street Goldsboro NC 27530 205132258 501(c)3 1621000 See Part IV City of Whiteville PO Box 607 Whiteville NC 28472 566001372 Gov't Entity 400000 See Part IV City of Whiteville PO Box 607 Whiteville NC 28472 566001372 Gov't Entity 236500 See Part IV City of Wilson PO Box 10 Wilson NC 27894 566000240 Gov't Entity 1100000 See Part IV Town of Windsor PO Box 508 Windsor NC 27983 566001375 Gov't Entity 311720 See Part IV Working Landscapes 108C South Main Street Warrenton NC 27589 272082921 501(c)3 200000 See Part IV County of Wayne 224 E Walnut St Goldsboro NC 275330227 566001520 Gov't Entity 183249 See Part IV Town of Fair Bluff PO Box 157 Fair Bluff NC 28439 566001222 Gov't Entity 100000 See Part IV Town of Fremont P O Box 4 Fremont NC 27830 566001231 Gov't Entity 329450 See Part IV 99 0 GRANTS MONITORING - FORM 990, SCHEDULE I, LINE 2 APPLICANTS THAT RECEIVE AWARDS FROM THE BOARD ARE REQUIRED TO SIGN A GRANTEE ACKNOWLEDGEMENT & AGREEMENT, WHICH STATES GUIDELINES AND CONDITIONS FOR A GRANT. GRANTEES MUST ALSO ATTEND A GRANTS MANAGEMENT TRAINING SESSION, UNLESS WAIVED BY THE SENIOR VICE PRESIDENT OR PRESIDENT OF THE FOUNDATION FOR GOOD CAUSE. GOOD CAUSE INCLUDES, FOR EXAMPLE, THE GRANTEE HAS PREVIOUSLY SUCCESSFULLY MANAGED A GRANT FROM THE FOUNDATION. THE GRANTEE ACKNOWLEDGEMENT & AGREEMENT MAY CONTAIN CONDITIONS THAT MUST BE SATISFIED BEFORE FUNDS WILL BE RELEASED. THESE CONDITIONS, ALONG WITH REQUIREMENTS FOR INTERIM AND FINAL REPORTS, ARE ENTERED IN A DATABASE. ONCE THE FOUNDATION RECEIVES THE SIGNED GRANTEE ACKNOWLEDGEMENT & AGREEMENT, EVIDENCE THAT PRECONDITIONS HAVE BEEN MET, AND A WRITTEN REQUEST FOR PAYMENT, THE APPLICANT IS ELIGIBLE TO RECEIVE AN INITIAL DISBURSEMENT. GRANTEES MAY RECEIVE ADVANCES IN INCREMENTS OF UP TO 20% OF THE GRANT AWARD OR REIMBURSEMENTS OF UP TO 80% OF THE GRANT AWARD OR A COMBINATION OF ADVANCES AND REIMBURSEMENTS WITHIN THOSE RESPECTIVE LIMITS. A SUM EQUAL TO 20% OF THE TOTAL AMOUNT OF THE GRANT IS RETAINED BY THE FOUNDATION UNTIL COMPLETION OF THE GRANTEE'S OBLIGATIONS UNDER THE GRANT, INCLUDING THE SUBMISSION TO THE FOUNDATION OF A FINAL REPORT ON THE FUNDED PROJECT AND SATISFACTION OF ANY REMAINING CONDITIONS TO RELEASE OF FUNDS. THE PRESIDENT OF THE FOUNDATION HAS THE AUTHORITY TO MODIFY THIS RELEASE SCHEDULE. GRANTEES MAY USE FUNDS ONLY FOR ITEMS IDENTIFIED IN THE PROJECT'S APPROVED BUDGET. SHOULD THE GRANTEE SEEK TO SPEND FUNDS ON A ITEM NOT INCLUDED IN THE BUDGET OR IN AN AMOUNT IN EXCESS OF THE APPROVED BUDGET AMOUNT, THE GRANTEE MUST RECEIVE APPROVAL OF A BUDGET MODIFICATION. IN NO EVENT MAY A GRANTEE SPEND GOLDEN LEAF FUNDS IN EXCESS OF THE AMOUNT AWARDED BY THE GOLDEN LEAF BOARD. GRANTEES MUST SUBMIT INTERIM REPORTS IN SIX MONTH INCREMENTS BEGINNING SIX MONTHS AFTER THE AWARD DATE AND A FINAL REPORT WITHIN 60 DAYS AFTER COMPLETION OF THE PROJECT, THOUGH THIS SCHEDULE MAY BE ADJUSTED IF APPROPRIATE FOR A PROJECT. IN SOME CASES, GRANTEES ARE ALSO REQUIRED TO SUBMIT REPORTS AFTER THE CONCLUSION OF THE PROJECT TO DOCUMENT ONGOING ACTIVITIES AND OUTCOMES. THE REPORTS INCLUDE INFORMATION REGARDING THE WORK ACCOMPLISHED COMPARED TO AN APPROVED LIST OF ACTIVITIES, REPORTED OUTCOMES OF THE PROJECT COMPARED TO APPROVED PROJECTED OUTCOMES, AND EXPENDITURE REPORTS. USING A SAMPLING PROCESS, THE FOUNDATION VERIFIES REPORTED ACTIVITIES, OUTCOMES, AND EXPENDITURES BY REVIEWING SUPPORTING DOCUMENTATION. FOUNDATION STAFF ALSO CONDUCTS SITE VISITS FOR SOME OF THE PROJECTS. THE GRANT MONITORING PROCESS IS RISK ADJUSTED, WITH SOME GRANTEES, SUCH AS THOSE WITH LESS GRANTS MANAGEMENT EXPERIENCE AND CAPACITY, RECEIVING MORE INTENSIVE MONITORING. Schedule I, Part II, Column h, Purpose of grant or assistance: 1 Project Wildcat 2 Montclair Storm Drainage Improvements 3 Northside Water System Backup Generators 4 Town of Benson Replacement Fire Engine 2 5 Town of Benson Replacement Public Works Building 6 Town of Benson Stormwater Infrastructure Rehabilitation 7 Bertie County Teacher Housing Initiative 8 Provide Four Emergency Electric Power Generators for County Water System Wells 9 BCC STEM and Advanced Manufacturing/Technology Career Coach 10 Bladenboro Health Booster 11 Town of Candor Pump Stations 12 Golden LEAF Scholars Leadership Program - 2018-19 13 Cerro Gordo Town Hall 14 Claremont Project Light Year - Wastewater Treatment Expansion 15 CMSD WWTP and Pump Station Hazard Mitigation Improvements 16 Hurricane Matthew Recovery Creek Stream Debris Removal 17 Cape Fear Valley Health - Hazard Mitigation 18 Reimbursement for Emergency Dredging at Wanchese Channel/Harbor 19 Advanced Manufacturing Pathway 20 Filling the Internet of Things (IIoT) Skills Gap 21 Princeville Volunteer Fire Dept. 22 Advanced Manufacturing Training Center 23 Manufacturing Programs Equipment Enhancement 24 Project Bobcat 25 Elizabethtown Rescue & Fire Facility 26 Replacement Station for Fair Bluff Fire Department and Rescue Squad, Inc. 27 Hurricane Matthew Recovery: Beaver Creek and Bones Creek Debris Removal 28 Hurricane Matthew Recovery: Cross Creek Cemetery Bank Stabilization Project 29 Mill Street Storm Drainage Improvements 30 Duke LifePoint Maria Parham Medical Franklin Expansion 31 T3 2.0: Technology, Teaching and Transformation 1:1 Initiative 32 Hurricane Matthew Recovery 33 Behavioral Health Bed Expansion 34 Granville Primary Care Rural Health Clinic 35 Greene County EOC and Communications Relocation 36 Brightwater Technology Park Infrastructure Improvements 37 Preparing Harnett County Students to be Tomorrow's Workforce 38 Sanitary Sewer Collection System Rehabilitation 39 Waterways Debris Cleanup 40 Water and Sewer Extension Project for Jackson County, NC 41 Above and Beyond Infrastructure Project 42 VFW Railroad Floodgate Project 43 Capacity Building for Digital Learning 44 Nash Community College Advanced Manufacturing 45 Middlesex Corporate Centre Phase 1 Water & Sewer & Road 46 Tar River Debris Removal 47 Elm Street Stormwater Repairs 48 Support for Job-creating Small Businesses in Rural, Underserved Western North Carolina Counties 49 BRITE Building Internship Opportunities for Rural NC 50 Golden LEAF Scholars Program - Two-Year Colleges 51 Regional Training and Capacity Building Program 52 Golden LEAF Scholarship Program 2018-19 53 Phase IV: Leadership Support for Digital Learning Initiatives 54 Food Manufacturing Innovation Center Pilot Plant Initiative 55 Pea as a High Protein Feed Source for Livestock Production in North Carolina 56 Soldier to Agriculture Program 57 Extension Agent Training and Community and Rural Development Training 58 Yaupon Pier Replacement 59 Will Willis Store & Fish House and Dock - Disaster Recovery 60 Eastern North Carolina Regional Skills Center 61 Integrated Training Academy 62 PFAP Regional Cold-Chain and Copacking Initiative 63 Piedmont Community College's Advanced Manufacturing Enhancement Grant (PCC's AME Grant) 64 Pine Terrace Fire Station 65 PGV Taxilane Reconstruction - Supplemental Request 66 Pollocksville Hwy 17 Waterline Replacement/Relocation 67 Water Treatment Plant Electrical Panel Replacement 68 Beaver Dam Ditch Repair and Stabilization Project-Area A 69 Public Schools of Robeson County Equipment Replacement 70 Building Capacity at Bull City Cool 71 Simulation Hospital 72 Parkers Canal Drainage Improvement Project 73 Restoration of Sunset Park and Battle Park Structures and Trails 74 Sampson Community College Truck Driver Training Site 75 Sanford/Lee County Regional Airport Sewer Extension Project 76 Mountaire Farms, Inc. Wastewater Treatment Plant Improvements and Expansion 77 Town of Siler City Water Treatment Plant Improvements 78 Smithfield Disaster Recovery and Renewal 79 Smithfield Water Delivery Initiative 80 SEH Disaster Hazard Mitigation Plan 81 Johnson and Elizabeth Street Storm Drain Improvements 82 Bridging the Divide - Creating a Personalized Learning Environment for Middle Schools 83 Outdoor Pavilion & Education Center 84 MA Ray Center and Clark Park 85 Maintenance Garage Replacement 86 Cancer Center and Bed Tower at Vidant Medical Center 87 Project Mikey 88 Workforce Aligned Virtual Reality STEM Labs 89 Wise I-85 Exit 233 Interchange Water and Sewer Extension 90 C.O.W.S. Continued 91 Seven Springs Community Volunteer Fire Department Station Replacement 92 Downtown Municipal Service District (DMSD) Stormwater Improvements 93 Equipment Replacement/Disaster Recovery - Hurricane Matthew 94 Wilson Innovation Hub 95 Windsor Rescue Pump Station Improvements 96 Connecting Local Farms to Institutional Markets: Working Landscapes Produce Center Expansion 97 Sewer Lift Station - Genoa 98 Fair Bluff Municipal Buildings 99 Fremont Pump Station No. 1 (Hillandale Drive) Rehabilitation X true true X X X X false false false false false false false false false DAN GERLACH PRESIDENT 194517 0 0 0 0 0 19890 0 21387 0 235794 0 0 0 MARK SORRELLS SENIOR VICE PRESIDENT 186568 0 0 0 0 0 18782 0 17835 0 223185 0 0 0 EDWARD LORD VP PROGRAMS/STAFF ATTY 129095 0 0 0 0 0 13370 0 21111 0 163576 0 0 0 OTHER COMPENSATION - FORM 990, SCHEDULE J, PART I, LINE 1A Rotary Club Dues paid for president WRITTEN POLICY - FORM 990, SCHEDULE J, PART I, LINE 1B Payment of dues approved by board of directors APPROVAL OF GOVERNING BODY DECiSIONS - FORM 990, PART VI, LINE 6,7A and 7b The foundation is governed by a board of directors comprised of fifteen directors. Five directors are appointed by the governor of the state of north carolina. Five directors are appointed by the president pro tempore of the north carolina senate. five directors are appointed by the speaker of the north carolina house of representatives. DISPOSAL OF ASSETS - FORM 990, PART VI, LINE 7B THE FOUNDATION MAY NOT DISPOSE OF ASSETS PURSUANT TO THE PROVISIONS OF SECTION 55A-12-02 OF THE NORTH CAROLINA GENERAL STATUTES WITHOUT THE APPROVAL OF THE NORTH CAROLINA GENERAL ASSEMBLY. THE FOUNDATION MAY NOT AMEND ITS ARTICLES OF INCORPORATION WITHOUT THE APPROVAL OF THE NORTH CAROLINA GENERAL ASSEMBLY. FORM 990 REVIEW PROCESS - FORM 990, PART VI, LINE 11B A copy of Form 990 was provided to each member of the foundation's board of directors. The audit committee of the board reviewed the Form 990 and, prior to its filing, recommended approval to the full board. CONFLICTS OF INTEREST - FORM 990, PART VI, LINE 12C The foundation'S board of directors and committees meet approximately six times per year. At each such meeting, or group of meetings, directors are asked to confirm their disclosure or make any new disclosures. When a director discloses an interest in a proposed transaction, the director does not participate in the discussion concerning, or the vote upon, the proposed transaction. DETERMINING COMPENSATION - FORM 990, PART VI, LINE 15 THE PERSONNEL COMMITTEE OF THE BOARD OF DIRECTORS REVIEWED SALARY AND BENEFIT INFORMATION FOR POSITIONS COMPARABLE TO THE PRESIDENT AT OTHER NORTH CAROLINA FOUNDATIONS AND ENDOWMENTS AND REVIEWED THE RESULTS OF A SALARY STUDY OF NONPROFIT SALARIES PRIOR TO MAKING A RECOMMENDATION TO THE BOARD REGARDING THE PRESIDENT'S SALARY AND BENEFITS. THE BOARD APPROVED THE SALARY AND BENEFITS OF THE PRESIDENT. AVAILABILITY OF OTHER DOCUMENTS - FORM 990, PART VI, LINE 19 The organization makes its governing documents and conflict of interest policy available upon request. The financial statements are made available on the organization's website and upon request. CHANGES IN NET ASSETS - FORM 990, PART XI, LINE 9 CANCELLED GRANTS $6,609,290 OVERSIGHT/SELECTION PROCESS - FORM 990, PART XII, LINE 2C The process has not changed from the prior year.