THE GOLDEN L E A F LONG-TERM ECONOMIC ADVANCEMENT FOUNDATION IN: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- THE GOLDEN L E A F LONG-TERM ECONOMIC ADVANCEMENT FOUNDATION IN (EIN 52-2204473)
- Tax period
- 2013-07-01 to 2014-06-30
- Filed
- 2014-11-14
- IRS object ID
- 201423189349306202
- Schema version
- 2013v3.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2014-11-14T13:29:27-06:00 | ReturnTs |
| Tax Period End | 2014-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BDO USA LLP | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7101 WISCONSIN AVE SUITE 800 | AddressLine1 |
| City | BETHESDA | City |
| State | MD | State |
| ZIP Code | 208144827 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 522204473 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Golden LEAF Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % BETH EDMONDSON | InCareOfNm |
| Business Name Control | GOLD | BusinessNameControlTxt |
| Phone | 2524427474 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 301 N Winstead Avenue | AddressLine1 |
| Address Line2 | Suite | AddressLine2 |
| City | Rocky Mount | City |
| State | NC | State |
| ZIP Code | 27804 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DANIEL J GERLACH | PersonNm |
| Person Title | president | PersonTitleTxt |
| Phone | 7038930600 | PhoneNum |
| Signature | 2014-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Michael Sorrells | PreparerPersonNm |
| PTIN | P00001737 | PTIN |
| Phone | 7038930600 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Daniel J Gerlach | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 301 N Winstead Ave | AddressLine1 |
| City | Rocky Mount | City |
| State | NC | State |
| ZIP Code | 27804 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $193,410,915 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.goldenleaf.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1999 | FormationYr |
| Legal Domicile State | NC | LegalDomicileStateCd |
| Activity Or Mission | SEE PART III, LINE 1 | ActivityOrMissionDesc |
| Voting Members Governing Body | 15 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 15 | VotingMembersIndependentCnt |
| Total Employee | 17 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $33,814 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $105,581,136 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $40,875,189 | PYInvestmentIncomeAmt |
| CY Investment Income | $42,563,127 | CYInvestmentIncomeAmt |
| PY Other Revenue | $5,202 | PYOtherRevenueAmt |
| CY Other Revenue | $4,498 | CYOtherRevenueAmt |
| PY Total Revenue | $146,461,527 | PYTotalRevenueAmt |
| CY Total Revenue | $42,567,625 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $46,018,345 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $32,162,211 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,702,899 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,857,975 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $62,444,624 | PYOtherExpensesAmt |
| CY Other Expenses | $27,795,465 | CYOtherExpensesAmt |
| PY Total Expenses | $110,165,868 | PYTotalExpensesAmt |
| CY Total Expenses | $61,815,651 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $36,295,659 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$19,248,026 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $897,044,517 | TotalAssetsBOYAmt |
| Total Assets EOY | $956,849,074 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $87,667,715 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $75,031,265 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $809,376,802 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $881,817,809 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | GOLDEN LEAF'S MISSION IS TO PROMOTE THE SOCIAL WELFARE OF NORTH CAROLINA'S CITIZENS AND TO RECEIVE AND DISTRIBUTE FUNDS FOR ECONOMIC IMPACT ASSISTANCE TO ECONOMICALLY AFFECTED OR TOBACCO-DEPENDENT REGIONS OF NORTH CAROLINA. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $33,346,342 | ExpenseAmt |
| Grant | $32,162,211 | GrantAmt |
| Desc | 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. | Desc |
| Total Program Service Expenses | $33,346,342 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (true) | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | false | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 17 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 17 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | Yes (true) | ForeignFinancialAccountInd |
| Foreign Country | EI | ForeignCountryCd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 15 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 15 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BETH EDMONDSON | PersonNm |
| Phone | 2524427474 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 301 N WINSTEAD AVE | AddressLine1 |
| City | rocky mount | City |
| State | NC | State |
| ZIP Code | 27804 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (27 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|---|
| PAUL BROOKS | |||||||
| Director | 3.0 | 0.0 | Yes (X) | $1,456 | $0 | $0 | |
| J THOMAS BUNN | |||||||
| Director | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |
| WILLIAM CLARKE | |||||||
| Director | 3.0 | 0.0 | Yes (X) | $1,248 | $0 | $0 | |
| BRITT COBB | |||||||
| Director | 3.0 | 0.0 | Yes (X) | $1,248 | $0 | $0 | |
| S LAWRENCE DAVENPORT | |||||||
| treasurer | 3.0 | 0.0 | Yes (X) | $1,248 | $0 | $0 | Yes (X) |
| BARRY Z DODSON | |||||||
| Director | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |
| DONALD E FLOW | |||||||
| Director | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |
| CLAUDINE GIBSON | |||||||
| Director | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |
| BILLY RAY HALL | |||||||
| asst. secretary | 3.0 | 0.0 | Yes (X) | $1,456 | $0 | $0 | Yes (X) |
| TOMMY HESTER | |||||||
| Director | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |
| RANDY ISENHOWER | |||||||
| Director | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |
| DR JAMES H JOHNSON | |||||||
| secretary | 3.0 | 0.0 | Yes (X) | $1,144 | $0 | $0 | Yes (X) |
| YVONNE J JOHNSON | |||||||
| Director | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |
| REV LACY JOYNER | |||||||
| Director | 3.0 | 0.0 | Yes (X) | $936 | $0 | $0 | |
| CAROLYN JUSTICE | |||||||
| Director | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |
| JOHNATHAN RHYNE | |||||||
| chair | 15.0 | 0.0 | Yes (X) | $832 | $0 | $0 | Yes (X) |
| DAVID L ROSE | |||||||
| Director | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |
| DAVID T STEPHENSON | |||||||
| Director | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |
| RALPH STRAYHORN | |||||||
| Director | 3.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |
| TOM TAFT | |||||||
| vice chair | 3.0 | 0.0 | Yes (X) | $624 | $0 | $0 | Yes (X) |
| EDWIN J VICK | |||||||
| Director | 3.0 | 0.0 | Yes (X) | $832 | $0 | $0 | |
| DANIEL J GERLACH | |||||||
| President | 40.0 | 0.0 | $189,733 | $0 | $36,308 | Yes (X) | |
| MARK A SORRELLS | |||||||
| senior vice president | 40.0 | 0.0 | $164,757 | $0 | $32,322 | Yes (X) | |
| PETER J CERA | |||||||
| vp investments | 40.0 | 0.0 | $148,333 | $0 | $31,987 | Yes (X) | |
| PATRICIA CABE-CANTRELL | |||||||
| vp programs/comm.asst. & outre | 40.0 | 0.0 | $110,619 | $0 | $24,965 | Yes (X) | |
| EDWARD P LORD | |||||||
| vp programs/staff attorney | 40.0 | 0.0 | $109,316 | $0 | $28,167 | Yes (X) | |
| BETH A EDMONDSON | |||||||
| controller | 30.0 | 0.0 | $93,059 | $0 | $22,384 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $826,841 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $176,133 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 5 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Silchester International Investors | |||||
| 780 Third Ave 42nd Flr | NEW YORK | NY | 10017 | Investment Mngmt | $429,169 |
| DRZ | |||||
| 250 Park Ave South Suite 250 | WINTER PARK | FL | 32789 | Investment Mngmt | $414,695 |
| Artisan Partners | |||||
| 5 Concourse Parkway Suite 2120 | ATLANTA | GA | 30328 | Investment Mngmt | $356,698 |
| The Bank of New York Mellon Corpora | |||||
| One Wall Street | NEW YORK | NY | 10286 | Investment Custodian | $309,457 |
| Prime Buchholz Associates Inc | |||||
| 25 Chestnut Street | PORTSMOUTH | NH | 03801 | Investmnt Consulting | $254,643 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 10 | CntrctRcvdGreaterThan100KCnt |
| Total Contributions | $0 | TotalContributionsAmt |
| Total Program Service Revenue | $0 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $9,538,121 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $33,814 | UnrelatedBusinessRevenueAmt |
| Exclusion | $9,504,307 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $183,867,150 | SecuritiesAmt |
| Other | $1,146 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $150,843,290 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $33,023,860 | SecuritiesAmt |
| Other | $1,146 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $33,025,006 | TotalRevenueColumnAmt |
| Exclusion | $33,025,006 | ExclusionAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $4,498 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $4,498 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $4,498 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $42,567,625 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $4,498 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $33,814 | UnrelatedBusinessRevenueAmt |
| Exclusion | $42,529,313 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,162,211 | TotalAmt |
| Program Services | $32,162,211 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,064,026 | TotalAmt |
| Program Services | $560,278 | ProgramServicesAmt |
| Management And General | $503,748 | ManagementAndGeneralAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $532,848 | TotalAmt |
| Program Services | $434,244 | ProgramServicesAmt |
| Management And General | $98,604 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,520 | TotalAmt |
| Program Services | $40,654 | ProgramServicesAmt |
| Management And General | $9,866 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $110,538 | TotalAmt |
| Program Services | $83,356 | ProgramServicesAmt |
| Management And General | $27,182 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $100,043 | TotalAmt |
| Program Services | $65,599 | ProgramServicesAmt |
| Management And General | $34,444 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $166,396 | TotalAmt |
| Management And General | $166,396 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $60,000 | TotalAmt |
| Management And General | $60,000 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,642,131 | TotalAmt |
| Management And General | $2,642,131 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $300 | TotalAmt |
| Management And General | $300 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,474 | TotalAmt |
| Management And General | $8,474 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,351 | TotalAmt |
| Management And General | $40,351 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,156 | TotalAmt |
| Management And General | $37,156 | ManagementAndGeneralAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $62,455 | TotalAmt |
| Management And General | $62,455 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $43,413 | TotalAmt |
| Management And General | $43,413 | ManagementAndGeneralAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $240 | TotalAmt |
| Management And General | $240 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,725 | TotalAmt |
| Management And General | $21,725 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|
| PAYMENT TO STATE OF NC | $24,639,357 | $24,639,357 |
| BOARD OF DIRECTORS EXPENSES | $37,646 | $37,646 |
| CAPITAL OUTLAYS | $22,251 | $22,251 |
| DUES AND MEMBERSHIPS | $11,313 | $11,313 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,257 | TotalAmt |
| Management And General | $2,257 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $61,815,651 | TotalAmt |
| Program Services | $33,346,342 | ProgramServicesAmt |
| Management And General | $28,469,309 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $327,381 | BOYAmt |
| EOY | $636,364 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,695 | BOYAmt |
| EOY | $325 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $167,179 | BOYAmt |
| EOY | $227,568 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $89,791 | BOYAmt |
| EOY | $89,554 | EOYAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $396,264,222 | BOYAmt |
| EOY | $395,849,553 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $500,194,249 | BOYAmt |
| EOY | $560,045,710 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $897,044,517 | BOYAmt |
| EOY | $956,849,074 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $144,623 | BOYAmt |
| EOY | $134,569 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $87,523,092 | BOYAmt |
| EOY | $74,896,696 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $87,667,715 | BOYAmt |
| EOY | $75,031,265 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $809,376,802 | BOYAmt |
| EOY | $881,817,809 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $809,376,802 | BOYAmt |
| EOY | $881,817,809 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $897,044,517 | BOYAmt |
| EOY | $956,849,074 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$19,248,026 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $84,814,497 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $6,874,536 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $73,179,244 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $69,128,105 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $70,489,443 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $105,581,136 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $318,377,928 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $73,179,244 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $69,128,105 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $70,489,443 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $105,581,136 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $318,377,928 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $0 | SubstantialContributorsTotAmt |
| Public Support Total170 | $318,377,928 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,237,547 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $8,247,547 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $8,888,370 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $11,250,562 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $9,504,307 | CurrentTaxYearAmt |
| Total | $43,128,333 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | -$705,680 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $87,492 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | -$1,083,463 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $74,693 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $33,814 | CurrentTaxYearAmt |
| Total | -$1,593,144 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,040 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $8,686 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,569 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $5,202 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,498 | CurrentTaxYearAmt |
| Total | $29,995 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $359,943,112 | TotalSupportAmt |
| Public Support CY170 | 0.88452 | PublicSupportCY170Pct |
| Public Support PY170 | 0.91450 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbyingGrp | |
| Total Direct Lobbying | TotalDirectLobbyingGrp | |
| Total Lobbying Expend | TotalLobbyingExpendGrp | |
| Other Exempt Purpose Expend | OtherExemptPurposeExpendGrp | |
| Total Exempt Purpose Expend | TotalExemptPurposeExpendGrp | |
| Lobbying Nontaxable Amount | LobbyingNontaxableAmountGrp | |
| Grassroots Nontaxable | GrassrootsNontaxableGrp | |
| Tot Lbbyng Grassroot Mns Non Tx | TotLbbyngGrassrootMnsNonTxGrp | |
| Tot Lbby Expend Mns Lbbyng Non Tx | TotLbbyExpendMnsLbbyngNonTxGrp | |
| Volunteers | false | VolunteersInd |
| Paid Staff Or Management | Yes (true) | PaidStaffOrManagementInd |
| Media Advertisements | false | MediaAdvertisementsInd |
| Mailings Members | false | MailingsMembersInd |
| Publications Or Broadcast | false | PublicationsOrBroadcastInd |
| Grants Other Organizations | false | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | Yes (true) | DirectContactLegislatorsInd |
| Direct Contact Legislators | $1,227 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | false | RalliesDemonstrationsInd |
| Other Activities | false | OtherActivitiesInd |
| Total Lobbying Expenditures | $1,227 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | false | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Lobbying Activity - Form 990, Schedule C, Part II-B, LIne 1G | FormAndLineReferenceDesc |
| Explanation | These expenses represent salary and benefit costs for our president's time spent lobbying members of the NC general assemply related to legislation affecting Golden Leaf funding and educating legislators and their staff on the mission of the foundation and its work. | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amounts | ArtPublicExhibitionAmountsGrp | |
| Held Works Art | HeldWorksArtGrp | |
| CY Minus3 Yr Endwmt Fund | CYMinus3YrEndwmtFundGrp | |
| CY Minus4 Yr Endwmt Fund | CYMinus4YrEndwmtFundGrp | |
| Land | LandGrp | |
| Buildings | BuildingsGrp | |
| Leasehold Improvements | LeaseholdImprovementsGrp | |
| Equipment | EquipmentGrp | |
| Other Land Buildings | OtherLandBuildingsGrp | |
| Financial Derivatives | FinancialDerivativesGrp | |
| Closely Held Equity Interests | CloselyHeldEquityInterestsGrp |
Other Securities OtherSecuritiesGrp (36 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| AG REALTY FND VII(TE)&FND VIII | $11,689,705 | F |
| ARCHSTONE OFFSHORE FUND, LTD | $25,007,328 | F |
| AURORA VENTURES IV & V | $7,037,996 | F |
| AXIOM INTL EQUITY FUND II | $14,828,763 | F |
| BEACON CPTL STRTEGIC PTRS V&VI | $5,638,468 | F |
| SWIFTCURRENT OFFSHORE, LTS | $22,064,744 | F |
| CANTILLON GLOBAL VALUE FUND | $38,377,757 | F |
| CARLYLE VENTURE PARTNERS II,LP | $3,181,497 | F |
| CAROUSEL CAPITAL PTRS III IV | $5,473,557 | F |
| COLONY INVESTORS VIII, L.P | $2,617,000 | F |
| DENHAM COMMODITY PTRS FND V&VI | $3,712,800 | F |
| DIVERSIFIED PNRS OFFSHORE FUND | $973,855 | F |
| ENCAP ENERGY CPTL FND/FLATROCK | $6,393,675 | F |
| FARALLON CAPITAL INSTITUTIONAL | $18,678,013 | F |
| FPA HAWKEYE FUND, LLC | $22,642,606 | F |
| HATTERAS VENTURE PTRS II, LP | $2,035,600 | F |
| HIGHLINE CAPITAL INTL, LTD | $25,917,345 | F |
| KING STREET CAPITAL, LTD | $22,310,382 | F |
| LEXINGTON CAPITAL PTRS V & LCP | $7,347,010 | F |
| LONE CASCADE, L.P | $23,956,336 | F |
| MATLIN PATTERSON GLOBAL OPP | $5,026,343 | F |
| OZ OVERSEAS FUND II, LTD | $22,209,182 | F |
| Q-BLK PRIVATE CAPITAL II, L.P | $8,975,655 | F |
| SHEPHERD INVESTMENTS INTL, LTD | $2,381,190 | F |
| SHERIDAN PRODUCTION PTRS I-B | $11,794,000 | F |
| SILCHESTER INTL VALUE EQUITY | $65,940,557 | F |
| SILVERPOINT CPTL OFFSHORE FUND | $834,155 | F |
| SYNERGY LIFE SCIENCE PTRS, L.P | $2,895,596 | F |
| REALTY ASSOC. FND VIII,IX & X | $18,717,059 | F |
| TACONIC OPP. OFFSHORE FUND,LTD | $23,448,803 | F |
| THOMAS H LEE EQUITY FUND VI,LP | $6,238,428 | F |
| VARDE FUND IX, X & XI | $23,446,174 | F |
| WARBURG PINCUS X | $13,966,025 | F |
| WELLINGTON ARCHIPELAGO | $37,876,346 | F |
| WELLINGTON BAY POND | $30,981,811 | F |
| WELLINGTON CTF COMMODITIES II | $15,429,949 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $560,045,710 | TotalBookValueSecuritiesAmt |
| Total Rev Etc Audited Fincl Stmt | $124,706,177 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $84,814,497 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $84,814,497 | RevenueNotReportedAmt |
| Revenue Subtotal | $39,891,680 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $2,642,131 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $33,814 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $2,675,945 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $42,567,625 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $52,265,170 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $52,265,170 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $2,642,131 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $6,908,350 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $9,550,481 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $61,815,651 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, SCHEDULE D, PART XI, LINE 4B | PASS-THROUGH UBI INCOME FROM K-1S 33,814 |
| FORM 990, SCHEDULE D, PART XII, LINE 4B | CANCELLED GRANTS 6,908,350 |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (13 entries)
| RegionRegionTxt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|
| North America | Investments | $37,876,346 |
| North America | Investments | $30,981,811 |
| Central America and the Caribbean | Investments | $25,917,345 |
| Central America and the Caribbean | Investments | $22,310,382 |
| Central America and the Caribbean | Investments | $2,381,190 |
| Central America and the Caribbean | Investments | $25,007,328 |
| Central America and the Caribbean | Investments | $23,448,803 |
| Central America and the Caribbean | Investments | $22,209,182 |
| Central America and the Caribbean | Investments | $22,064,744 |
| Central America and the Caribbean | Investments | $7,595,891 |
| Central America and the Caribbean | Investments | $973,855 |
| Central America and the Caribbean | Investments | $834,155 |
| Europe (Including Iceland and Greenland) | Investments | $38,377,757 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Spent | $259,978,789 | SubtotalSpentAmt |
| Total Spent | $259,978,789 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (true) | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | false | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | false | PassiveForeignInvestmestCoInd |
| Foreign Partnership | false | ForeignPartnershipInd |
| Boycott Countries | false | BoycottCountriesInd |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (73 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| Alamance County Cattlemen's Association Inc | |||||||
| PO Box 2932 | Burlington | NC | 27216 | 561912926 | 501(c)3 | $167,500 | Alamance County Cattlemen's Association Livestock |
| Asheville-Buncombe Technical Community College | |||||||
| 340 Victoria Rd | Asheville | NC | 28801 | 560792170 | Education | $200,000 | Composite Materials Training Center of Excellence 2014-2015 |
| Blue Ridge Community Health Services Inc | |||||||
| PO Box 5151 | Hendersonville | NC | 28793 | 560794933 | 501(c)3 | $100,000 | Rutherford Health Center Initiative: Educating for the 21st Century |
| Cabarrus County Schools | |||||||
| 4401 Old Airport Rd | Concord | NC | 28025 | 566000997 | Gov't Entity | $110,000 | INSPIRE Locally Grown Globally Ready |
| Center for Creative Leadership | |||||||
| PO Box 26300 | Greensboro | NC | 27438 | 237079591 | Gov't Entity | $1,750,000 | Golden LEAF Scholars Leadership Program 2014-2015 |
| Central Carolina Community College | |||||||
| 1105 Kelly Dr | Sanford | NC | 27330 | 560794261 | Gov't Entity | $100,000 | Chatham, Harnett, and Lee Workforce Preparedness I |
| Cherokee County Board of Education | |||||||
| 911 Andrews Rd | Murphy | NC | 28906 | 566000211 | Gov't Entity | $1,000,000 | Cherokee County Schools 1:1 Steam-E Initiative * L Project |
| Citizens Economic Development Inc | |||||||
| PO Box 66 | Wentworth | NC | 27375 | 581745911 | 501(c)3 | $2,000,000 | Project Special K Ennis-Flint |
| City of Rocky Mount | |||||||
| PO Box 1180 | Rocky Mount | NC | 27802 | 566001323 | Gov't Entity | $355,000 | Project Yum |
| City of Sanford | |||||||
| PO Box 3729 | Sanford | NC | 27331 | 566001328 | Gov't Entity | $200,000 | VA Community-Based Out Clinic Sewer Extension Proj |
| City of Trinity | |||||||
| PO Box 50 | Trinity | NC | 27370 | 562042582 | Gov't Entity | $140,000 | Turnpike Industrial Park - Sewer Service to Ennis- |
| County of Hyde | |||||||
| PO Box 188 | Swan Quarter | NC | 27885 | 566000308 | Gov't Entity | $500,000 | Revolving Loan Fund Researchers |
| Davie County | |||||||
| 123 South Main St | Mocksville | NC | 27028 | 566000295 | Gov't Entity | $1,000,000 | Project East |
| East Carolina University | |||||||
| 300 E First St | Greenville | NC | 27858 | 566000403 | Gov't Entity | $1,250,000 | Advanced Manufacturing and Innovation Academy Program Technology Upgrade |
| East Carolina University | |||||||
| 600 Moye Blvd | Greenville | NC | 27834 | 566000403 | Education | $200,000 | Expanding the Next Generation of Biomedical Resear Expansion |
| Edgecombe County | |||||||
| PO Box 10 | Tarboro | NC | 27886 | 566000298 | Gov't Entity | $1,500,000 | BioTech and Medical Simulation Lab |
| Halifax Community College | |||||||
| PO Drawer 809 | Weldon | NC | 27890 | 560896018 | Education | $450,000 | Halifax Community College - Industrial Training Pr WWPS Improvement Project |
| Haywood Advancement Foundation Inc | |||||||
| 144 Industrial Pk Dr | Waynesville | NC | 28786 | 561702956 | 501(c)(3) | $60,000 | Sunburst Trout Farms Municipal Aquaculture Expansi |
| J Arthur Dosher Memorial Hospital Foundation Inc | |||||||
| 924 North Howe St | Southport | NC | 28461 | 272041641 | 501(c)(3) | $50,000 | Dosher ER - Save a Life |
| Johnston County | |||||||
| PO Box 1049 | Smithfield | NC | 27577 | 566000311 | Gov't Entity | $150,000 | Johnston County Novo Nordisk Expansion - ECIA WWPS |
| Lincoln County Schools | |||||||
| PO Box 400 | Lincolnton | NC | 28093 | 566001066 | Gov't Entity | $200,000 | Manufacturing a Future that Works Interactive and Accessible Instructional Technology |
| Martin Community College | |||||||
| 1161 Kehukee Park Rd | Williamston | NC | 27892 | 560895914 | Education | $661,904 | Building Better Allied Health Futures Initiative |
| Martin County Schools | |||||||
| 300 N Watts St | Williamston | NC | 27892 | 566000652 | Gov't Entity | $300,000 | Martin County STEM Expansion (2014-15) |
| Nash Community College | |||||||
| PO Box 7488 | Rocky Mount | NC | 27804 | 560895794 | Gov't Entity | $190,000 | Biomanufacturing and Logistics Training through In |
| Nash County | |||||||
| 120 W Washington St Ste 3072 | Nashville | NC | 27856 | 566000323 | Gov't Entity | $1,500,000 | Hwy 97 Sewer |
| North Carolina Community College System | |||||||
| 5016 Mail Service Center | Raleigh | NC | 27699 | 561288079 | Education | $750,000 | Golden LEAF Scholars Program - Two-Year Colleges ( |
| North Carolina State Education Assistance Authorit | |||||||
| PO Box 14103 | Research Triangle Park | NC | 27709 | 900145439 | Gov't Entity | $2,452,000 | Golden LEAF Scholars Program 2014-2015 Initiatives |
| North Carolina State University | |||||||
| 2701 Sullivan Dr Suite 240 | Raleigh | NC | 27695 | 566000756 | Education | $125,611 | Golden LEAF Mid-Skills Evaluation Necrosis in Sweet Potatoes |
| North Carolina State University - Friday Institute | |||||||
| 2701 Sullivan Dr | Raleigh | NC | 27695 | 566000756 | Education | $175,000 | Growing a Profitable Niche Meat Industry Leadership in Agriculture |
| North Carolina State University | |||||||
| 1890 Main Campus Dr | Raleigh | NC | 27606 | 566000756 | Education | $188,939 | Leadership Support for Digital Learning Initiative Vehicle Systems for Precision Agriculture |
| North Carolina State University - Research | |||||||
| 2701 Sullivan Dr Suite 240 | Raleigh | NC | 27695 | 566000756 | Gov't Entity | $127,931 | Determining the Cause and Control of Internal Necr |
| North Carolina State University - Research | |||||||
| 600 Laureate Way | Kannapolis | NC | 28081 | 566000756 | Gov't Entity | $188,268 | Building Pathways for Access, Mentoring, and Leade Agriscience Workforce |
| North Carolina State University - Research | |||||||
| 600 Laureate Way | Kannapolis | NC | 28081 | 566000756 | Gov't Entity | $61,460 | Evaluating the Use of Lower-Cost Unmanned Aerial V Infrastructure Project |
| Northeast Regional School of Biotechnology and Agr | |||||||
| 600 Laureate Way | Kannapolis | NC | 28081 | 566000756 | Gov't Entity | $90,000 | North Carolina Farm Management Training Schools |
| Pender County | |||||||
| 207 Research Station Rd | Plymouth | NC | 27962 | 455630019 | Gov't Entity | $175,000 | Producing Scholars for the Biotechnology and Agris |
| Perquimans County Schools | |||||||
| PO Box 5 | Burgaw | NC | 28425 | 566000329 | Education | $400,000 | Pender Business Park/Project Casper Infrastructure |
| Perquimans County | |||||||
| PO Box 337 | Hertford | NC | 27944 | 566001094 | Gov't Entity | $864,000 | 1:1 Computing-Access4PQ |
| Person County | |||||||
| PO Box 45 | Hertford | NC | 27944 | 566000330 | Gov't Entity | $308,762 | Perquimans Marine Industrial Park Boat Ramp Care |
| Pitt County Government | |||||||
| 304 S Morgan St Rm 211 | Roxboro | NC | 27573 | 566000331 | Gov't Entity | $195,000 | 1:1 Laptop Program for Person County Schools Competitive Manufacturing Technology |
| Randolph Community College | |||||||
| PO Box 1009 | Asheboro | NC | 27204 | 560793680 | Gov't Entity | $240,000 | CNC Technology Equipment |
| Randolph Hospital Inc | |||||||
| 364 White Oak St | Asheboro | NC | 27203 | 560530234 | 501(c)(3) | $75,000 | Randolph Hospital PACE Center, StayWell Senior Car |
| Richmond Community College Foundation | |||||||
| PO Box 1189 | Hamlet | NC | 28345 | 561364070 | 501(c)3 | $474,000 | Automation and Systems Integration: Globally Compe Development (HIAMS) |
| River City Community Development Corporation | |||||||
| 501 East Main St | Elizabeth City | NC | 27909 | 561709321 | 501(c)3 | $100,000 | Renaissance Square |
| Rutherford County Government | |||||||
| 289 North Main St | Rutherfordton | NC | 28139 | 566000337 | Gov't Entity | $200,000 | Project VSC |
| Sandhills Community College Foundation Inc | |||||||
| 3395 Airport Rd | Pinehurst | NC | 28374 | 560946799 | 501(c)3 | $442,242 | Hoke Initiative for Advanced Manufacturing Skills |
| Southeastern Partnership II Inc | |||||||
| PO Box 2556 | Elizabethtown | NC | 28337 | 561974942 | 501(c)3 | $800,000 | Port Cold Storage Faciltiy Project |
| Southwestern Community College | |||||||
| 447 College Dr | Sylva | NC | 28779 | 560894556 | Education | $859,780 | A High Tech Training Center for Swain County |
| Southwestern Community College | |||||||
| 447 College Dr | Sylva | NC | 28779 | 560894556 | Education | $470,000 | The Balsam Advanced Manufacturing Network |
| Stanly Community College Foundation Inc | |||||||
| 141 College Dr | Albemarle | NC | 28001 | 581360598 | 501(c)(3) | $273,385 | Training for Tomorrow's Workforce |
| The Support Center | |||||||
| 3120 Highwoods Blvd Ste B25350 | Raleigh | NC | 27604 | 581903219 | 501(c)3 | $200,000 | The Support Center USDA IRP Fund |
| Surry County | |||||||
| 118 Hamby Rd | Dobson | NC | 27017 | 566000341 | Gov't Entity | $200,000 | Project Press |
| Swain County Schools | |||||||
| PO Box 2340 | Bryson City | NC | 28713 | 566001118 | Gov't Entity | $827,000 | Destination Graduation |
| Town of Andrews | |||||||
| PO Box 1210 | Andrews | NC | 28901 | 566001164 | Gov't Entity | $122,800 | West End Sewer Service Project |
| Town of Bryson City | |||||||
| PO Box 726 | Bryson City | NC | 28713 | 566001187 | Gov't Entity | $300,000 | Downtown Block Infrastructure Replacement |
| Town of Edenton | |||||||
| PO Box 300 | Edenton | NC | 27932 | 566001216 | Gov't Entity | $120,000 | Town of Edenton Project SMA |
| Town of Murphy | |||||||
| PO Box 130 | Murphy | NC | 28906 | 566001299 | Gov't Entity | $250,000 | Water & Sewer Expansion along Hwy 19/74 Corridor |
| Town of North Wilkesboro | |||||||
| PO Box 218 | North Wilkesboro | NC | 28659 | 566001302 | Gov't Entity | $200,000 | Wilkes Industrial Park Infrastructure Project Hospitality Education Initiative |
| Town of Roper | |||||||
| PO Box 217 | Roper | NC | 27970 | 560776305 | Gov't Entity | $200,000 | The Gateway Project |
| Town of Wilkesboro | |||||||
| PO Box 1056 | Wilkesboro | NC | 28697 | 566020162 | Gov't Entity | $200,000 | InterFlex Water System Expansion Learners: 1:1 Laptops for CECHS Students |
| Tri-County Community College | |||||||
| 21 Campus Circle | Murphy | NC | 28906 | 560896010 | Gov't Entity | $600,000 | Tri-County Community College Culinary and Hospital |
| Tyrrell County | |||||||
| 108 S Water St | Columbia | NC | 27925 | 566000344 | Gov't Entity | $1,000,000 | Tyrrell County Sanitary Sewer Improvements |
| Tyrrell County Schools | |||||||
| PO Box 328 | Columbia | NC | 27925 | 566001122 | Education | $196,629 | Equalizing Access to Technology for 21st Century L Value-Added Enterprise (CAVE) |
| Vance-Granville Community College | |||||||
| PO Box 917 | Henderson | NC | 27537 | 560937968 | Education | $460,000 | Manufacturing Skills Training Alliance |
| Veterans Leadership Council of North Carolina-Care | |||||||
| PO Box 37087 | Raleigh | NC | 27627 | 271696736 | 501(c)(3) | $200,000 | Veterans Life Center Engineers: A University, Community Colleges, & Industry Collaborative Initiative |
| Warren County | |||||||
| PO Box 619 | Warrenton | NC | 27589 | 566000348 | Gov't Entity | $50,000 | Warren County Center for Agricultural & Value-Adde |
| Warren County Free Clinic Inc | |||||||
| 546 W Ridgeway St | Warrenton | NC | 27589 | 204307481 | 501(c)3 | $45,000 | Medical Equipment Upgrade Project |
| Western Carolina University | |||||||
| 1 University Way | Cullowhee | NC | 28723 | 566001440 | Education | $500,000 | Fostering Tomorrow's Advanced Manufacturing Engine |
| Wilkes Economic Development Corporation | |||||||
| 213 Ninth St | North Wilkesboro | NC | 28659 | 561957642 | 501(c)3 | $45,000 | Wilkes Cattle Quality Improvement Program |
| Wilson Community College | |||||||
| PO Box 4305 | Wilson | NC | 27893 | 566052568 | Education | $500,000 | The Industrial Engineering Training Center |
| Wilson County Schools | |||||||
| PO Box 2048 | Wilson | NC | 27893 | 566001134 | Education | $750,000 | Wilson Academy of Applied Technology |
| Wireless Research Center of North Carolina | |||||||
| 3331 Heritage Trade | Wake Forest | NC | 27587 | 273397703 | 501(c)3 | $750,000 | Portable Wireless Network Test Capabilities Facility |
| WNC Communities | |||||||
| 594 Brevard Rd | Asheville | NC | 28806 | 560797766 | 501(c)3 | $100,000 | Expanding the Livestock Economy in WNC Excellence |
| Yadkin County Schools | |||||||
| 121 Washington St | Yadkinville | NC | 27055 | 566001137 | Education | $175,000 | Learners Engaged and Future-Ready Part II |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 73 | Total501c3OrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | GRANTS MONITORING - FORM 990, SCHEDULE I, LINE 2 | FormAndLineReferenceDesc |
| Explanation | Applicants that receive awards from the board are required to sign a grantee acknowledgement & agreement, which states guidelines and conditions for the grant. Grantees must also attend a grants management session. 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 of up to 80% of the grant award. A sum equal to the 20% of the total amount of the grant is generally 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. Grantees may use funds only for items identified in the project's approved budget. Should the grantee seek to spend funds on an 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. The reports include information regarding the work accomplished, compared to an approved scope of work, reported outcomes of the project, and expenditure reports with supporting documentation. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DANIEL J GERLACH | ||||||||||||
| President | $189,733 | $0 | $0 | $0 | $0 | $0 | $19,419 | $0 | $16,889 | $0 | $226,041 | $0 |
| MARK A SORRELLS | ||||||||||||
| senior vice president | $164,757 | $0 | $0 | $0 | $0 | $0 | $17,067 | $0 | $15,255 | $0 | $197,079 | $0 |
| PETER J CERA | ||||||||||||
| vp investments | $148,333 | $0 | $0 | $0 | $0 | $0 | $15,225 | $0 | $16,762 | $0 | $180,320 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| OTHER COMPENSATION - FORM 990, SCHEDULE J, PART I, LINE 1A | Rotary Club Dues. |
| WRITTEN POLICY - FORM 990, SCHEDULE J, PART I, LINE 1B | Payment of dues approved by board |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| APPROVAL OF GOVERNING BODY DECiSIONS - FORM 990, PART VI, LINE 7A | The foundation is governed by a board of directions 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. |
| 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 North Carolina state agencies 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 6,908,350 PASS-THROUGH UBI INCOME FROM K-1'S (33,814) ----------------- TOTAL 6,874,536 |
| 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. |
| OVERSIGHT/SELECTION PROCESS - FORM 990, PART XII, LINE 2C | The process has not changed from the prior year. |