NEW HANOVER COMMUNITY ENDOWMENT INC
2024 · Form 990 · revenue $111.7M · expenses $73.8M · assets $1.55B
- EIN
- 85-3563370
- Address
- PO BOX 4730, WILMINGTON, NC 28406-1730
- Website
- www.theendowment.org
- NTEE code
- T31
- Subsection
- 501(c)(3)
- Ruling year
- 2021
- Cross-check
- ProPublica Nonprofit Explorer
Mission
To improve the health, education, safety, and economic opportunity of every person in our community.
Each tax year counts once: when a return was amended, only the latest return for that period is used below (superseded returns stay listed, greyed, under Finances).
People paid by the organization
8 people paid across every filing: current people first, then by total pay from this organization. Organizations counts every nonprofit each person appears on.
| Name | Latest title | Years | Latest year pay | Total pay from here | Organizations |
|---|---|---|---|---|---|
| William Buster | President (until 02/28/24) | 2022-2024 | $400,586 | $1,161,682 | 1 |
| Lakesha McDay | Vice President (until 10/15/24) | 2022-2024 | $255,488 | $602,549 | 1 |
| Joel Beeson | Treasurer | 2022-2024 | $235,018 | $508,290 | 1 |
| Emily Page | Director of Learning | 2024 | $171,071 | $171,071 | 1 |
| Leigh Quarles | Network Officer | 2024 | $143,288 | $143,288 | 1 |
| Terri Burhans | Network Officer | 2024 | $135,962 | $135,962 | 1 |
| Henry Maurer | Director of Communications | 2024 | $134,647 | $134,647 | 1 |
| Dan Winslow | President | 2024 | $89,252 | $89,252 | 1 |
Unpaid officers and directors · 18 people
| Name | Latest title | Years | Organizations |
|---|---|---|---|
| Michele Holbrook | Director (until 05/21/24) | 2020-2024 | 5 |
| Spence Broadhurst | Director/Assistant Treasurer | 2020-2024 | 1 |
| Edel Segovia | Director/Secretary | 2021-2024 | 1 |
| Khadijia Tribie Reid | Director/Assistant Secretary | 2021-2024 | 1 |
| Bill Cameron | Board Chair/Interim President | 2020-2024 | 2 |
| Shannon Winslow | Director/Vice Chair | 2020-2024 | 1 |
| Jack Barto | Director | 2024 | 3 |
| Bill Blair | Director | 2024 | 1 |
| Chris Boney | Director | 2020-2024 | 4 |
| Cedric Dickerson | Director | 2020-2024 | 1 |
| Patricia Kusek | Director (until 03/01/24) | 2023-2024 | 4 |
| Pat Maguire | Director | 2020-2024 | 1 |
| Mary Lyons Rouse | Director | 2024 | 1 |
| David Sprunt | Director | 2020-2024 | 1 |
| Stedman Stevens | Director (until 09/30/24) | 2020-2024 | 1 |
| Woody White | Director | 2023-2024 | 2 |
| Hannah Gage (former) | Director/Secretary (until 09/30/23) | 2020-2023 | 1 |
| Virginia Adams (former) | Director (until 09/30/23) | 2020-2023 | 1 |
People by year
2024 · 24 people listed · 8 paid, $1.6M · 13 employees · 18 volunteers
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| William Buster | President (until 02/28/24) | 40 | $386,134 | $0 | $14,452 | $400,586 | 1 |
| Lakesha McDay | Vice President (until 10/15/24) | 40 | $222,250 | $0 | $33,238 | $255,488 | 1 |
| Joel Beeson | Treasurer | 40 | $210,819 | $0 | $24,199 | $235,018 | 1 |
| Emily Page | Director of Learning | 40 | $148,188 | $0 | $22,883 | $171,071 | 1 |
| Leigh Quarles | Network Officer | 40 | $120,280 | $0 | $23,008 | $143,288 | 1 |
| Terri Burhans | Network Officer | 40 | $119,425 | $0 | $16,537 | $135,962 | 1 |
| Henry Maurer | Director of Communications | 40 | $104,600 | $0 | $30,047 | $134,647 | 1 |
| Dan Winslow | President | 40 | $81,375 | $0 | $7,877 | $89,252 | 1 |
| Spence Broadhurst | Director/Assistant Treasurer | 8 | $0 | $0 | $0 | $0 | 1 |
| Edel Segovia | Director/Secretary | 8 | $0 | $0 | $0 | $0 | 1 |
| Khadijia Tribie Reid | Director/Assistant Secretary | 8 | $0 | $0 | $0 | $0 | 1 |
| Bill Cameron | Board Chair/Interim President | 8 | $0 | $0 | $0 | $0 | 2 |
| Shannon Winslow | Director/Vice Chair | 8 | $0 | $0 | $0 | $0 | 1 |
| Jack Barto | Director | 8 | $0 | $0 | $0 | $0 | 3 |
| Bill Blair | Director | 8 | $0 | $0 | $0 | $0 | 1 |
| Chris Boney | Director | 8 | $0 | $0 | $0 | $0 | 4 |
| Cedric Dickerson | Director | 8 | $0 | $0 | $0 | $0 | 1 |
| Michele Holbrook | Director (until 05/21/24) | 8 | $0 | $0 | $0 | $0 | 5 |
| Patricia Kusek | Director (until 03/01/24) | 8 | $0 | $0 | $0 | $0 | 4 |
| Pat Maguire | Director | 8 | $0 | $0 | $0 | $0 | 1 |
| Mary Lyons Rouse | Director | 8 | $0 | $0 | $0 | $0 | 1 |
| David Sprunt | Director | 8 | $0 | $0 | $0 | $0 | 1 |
| Stedman Stevens | Director (until 09/30/24) | 8 | $0 | $0 | $0 | $0 | 1 |
| Woody White | Director | 8 | $0 | $0 | $0 | $0 | 2 |
2023 · 18 people listed · 3 paid, $922K · 10 employees · 15 volunteers
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| William Buster | President | 40 | $406,850 | $0 | $25,079 | $431,929 | 1 |
| Lakesha McDay | Vice President | 40 | $251,675 | $0 | $22,469 | $274,144 | 1 |
| Joel Beeson | Treasurer | 40 | $202,021 | $0 | $14,376 | $216,397 | 1 |
| Spence Broadhurst | Director/Assistant Treasurer | 8 | $0 | $0 | $0 | $0 | 1 |
| Hannah Gage | Director/Secretary (until 09/30/23) | 8 | $0 | $0 | $0 | $0 | 1 |
| Bill Cameron | Director/Board Chair | 8 | $0 | $0 | $0 | $0 | 2 |
| Edel Segovia | Director/Vice Chair/Asst. Secretary | 8 | $0 | $0 | $0 | $0 | 1 |
| Virginia Adams | Director (until 09/30/23) | 8 | $0 | $0 | $0 | $0 | 1 |
| Chris Boney | Director | 8 | $0 | $0 | $0 | $0 | 4 |
| Cedric Dickerson | Director | 8 | $0 | $0 | $0 | $0 | 1 |
| Michele Holbrook | Director | 8 | $0 | $0 | $0 | $0 | 5 |
| Patricia Kusek | Director | 8 | $0 | $0 | $0 | $0 | 4 |
| Pat Maguire | Director | 8 | $0 | $0 | $0 | $0 | 1 |
| Khadijia Tribie Reid | Director | 8 | $0 | $0 | $0 | $0 | 1 |
| David Sprunt | Director | 8 | $0 | $0 | $0 | $0 | 1 |
| Stedman Stevens | Director | 8 | $0 | $0 | $0 | $0 | 1 |
| Woody White | Director | 8 | $0 | $0 | $0 | $0 | 2 |
| Shannon Winslow | Director | 8 | $0 | $0 | $0 | $0 | 1 |
2022 · 16 people listed · 3 paid, $459K · 6 employees · 13 volunteers
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| William Buster | President | 40 | $329,167 | $0 | $0 | $329,167 | 1 |
| Lakesha McDay | Vice President | 40 | $72,917 | $0 | $0 | $72,917 | 1 |
| Joel Beeson | Treasurer | 40 | $56,875 | $0 | $0 | $56,875 | 1 |
| Spence Broadhurst | Director/Assistant Treasurer | 8 | $0 | $0 | $0 | $0 | 1 |
| Hannah Gage | Director/Secretary | 8 | $0 | $0 | $0 | $0 | 1 |
| Virginia Adams | Director | 8 | $0 | $0 | $0 | $0 | 1 |
| Chris Boney | Director | 8 | $0 | $0 | $0 | $0 | 4 |
| Bill Cameron | Director | 8 | $0 | $0 | $0 | $0 | 2 |
| Cedric Dickerson | Director | 8 | $0 | $0 | $0 | $0 | 1 |
| Michele Holbrook | Director | 8 | $0 | $0 | $0 | $0 | 5 |
| Pat Maguire | Director | 8 | $0 | $0 | $0 | $0 | 1 |
| Khadijia Tribie Reid | Director | 8 | $0 | $0 | $0 | $0 | 1 |
| Edel Segovia | Director | 8 | $0 | $0 | $0 | $0 | 1 |
| David Sprunt | Director | 8 | $0 | $0 | $0 | $0 | 1 |
| Stedman Stevens | Director | 8 | $0 | $0 | $0 | $0 | 1 |
| Shannon Winslow | Director | 8 | $0 | $0 | $0 | $0 | 1 |
2021 · 13 people listed · none paid · 0 employees · 13 volunteers
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| Spence Broadhurst | Board Chair/President | 12 | $0 | $0 | $0 | $0 | 1 |
| Hannah Gage | Vice Chair/Secretary | 12 | $0 | $0 | $0 | $0 | 1 |
| Virginia Adams | Director | 12 | $0 | $0 | $0 | $0 | 1 |
| Chris Boney | Director | 12 | $0 | $0 | $0 | $0 | 4 |
| Bill Cameron | Director | 12 | $0 | $0 | $0 | $0 | 2 |
| Cedric Dickerson | Director | 12 | $0 | $0 | $0 | $0 | 1 |
| Michele Holbrook | Director | 12 | $0 | $0 | $0 | $0 | 5 |
| Pat Maguire | Director | 12 | $0 | $0 | $0 | $0 | 1 |
| Khadijia Tribie Reid | Director | 12 | $0 | $0 | $0 | $0 | 1 |
| Edel Segovia | Director | 12 | $0 | $0 | $0 | $0 | 1 |
| David Sprunt | Director | 12 | $0 | $0 | $0 | $0 | 1 |
| Stedman Stevens | Director | 12 | $0 | $0 | $0 | $0 | 1 |
| Shannon Winslow | Director | 12 | $0 | $0 | $0 | $0 | 1 |
2020 · 11 people listed · none paid
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| Virginia Adams | Director | 5 | $0 | - | $0 | $0 | 1 |
| Chris Boney | Director | 5 | $0 | - | $0 | $0 | 4 |
| Spence Broadhurst | Board Chair/President | 5 | $0 | - | $0 | $0 | 1 |
| Bill Cameron | Director | 5 | $0 | - | $0 | $0 | 2 |
| Cedric Dickerson | Director | 5 | $0 | - | $0 | $0 | 1 |
| Hannah Gage | Vice Chair/Secretary | 5 | $0 | - | $0 | $0 | 1 |
| Michele Holbrook | Director | 5 | $0 | - | $0 | $0 | 5 |
| Pat Maguire | Director | 5 | $0 | - | $0 | $0 | 1 |
| David Sprunt | Director | 5 | $0 | - | $0 | $0 | 1 |
| Stedman Stevens | Director | 5 | $0 | - | $0 | $0 | 1 |
| Shannon Winslow | Director | 5 | $0 | - | $0 | $0 | 1 |
Highest-paid independent contractors
2021 · 2 contractors · $304K
| Name | Location | Service | Paid |
|---|---|---|---|
| Karl Stauber | Danville, VA | Consulting Services | $168,750 |
| Boardwalk Consulting LLC | Atlanta, GA | Consulting Services | $135,000 |
Who the money went to
Grants this organization reported paying: Schedule I Part II of the Form 990, or the grants-paid list on the 990-PF. Open a year for every recipient. Recipients link to their own page when the grant names an EIN we have (990-PF grants list no EIN, so those link only on an exact, unique name and state). Grants to individuals are counted; their names are not shown.
2024 · 61 grants to organizations · $60.7M
2022 · 92 grants to organizations · $9.0M
Listed grants add up to $8,964,189; the return's “grants paid” expense line says $9,288,550. Returns can differ here (grants paid vs. accrued, items listed elsewhere); check the filing.
Negative amounts are returned or refunded grants; they are listed last and left out of the totals of grants paid.
Who gave
Contributor names are not public for this form type.
Public charities filing Form 990 or 990-EZ report large donors on Schedule B, but the IRS withholds their names and addresses from public copies. Private foundations (990-PF) are different: their contributors are public.
Finances
Newest first. Each filing: its name on one row, its figures on the row beneath. Greyed filings are superseded by a later return for the same period and are left out everywhere else on this page.
| Revenue | Expenses | Assets | Net assets | Contributions | Program revenue | Officer pay | Employees | Volunteers |
|---|---|---|---|---|---|---|---|---|
| 2024 · Form 990 | ||||||||
| $111,652,777 | $73,806,669 | $1,548,109,603 | $1,548,055,777 | $25,000,000 | $0 | $980,345 | 13 | 18 |
| 2023 · Form 990 | ||||||||
| $72,912,305 | $4,800,269 | $1,408,948,388 | $1,408,924,127 | $37,500,000 | $0 | $922,469 | 10 | 15 |
| 2022 · Form 990 | ||||||||
| -$36,712,168 | $10,626,455 | $1,208,160,901 | $1,207,834,524 | $0 | $0 | $458,959 | 6 | 13 |
| 2021 · Form 990 | ||||||||
| $1,315,589,286 | $718,896 | $1,315,756,843 | $1,315,756,843 | $1,296,033,526 | $0 | $0 | 0 | 13 |
| 2020 · Form 990EZ | ||||||||
| - | $7,032 | $92,968 | -$7,032 | - | - | - | - | - |
Where the money went
Every expense line on each return, biggest first: Form 990 Part IX (with its program, management and fundraising columns), 990-EZ Part I, or 990-PF Part I. Event marks lines the organization itself describes as events. “Events” in each summary adds those lines, conferences and meetings, and the direct costs of fundraising events. Unusual is not the same as improper. Many of these patterns have ordinary explanations. Check the filing.
2024 · Form 990 · $73,806,669 spent · pay $1,944,120 · grants $60,745,645 · events $61,744
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Grants to US organizations and governments | $60,745,645 | $60,745,645 | - | - | 82.3% | |
| Fees: investment management | $9,980,633 | - | $9,980,633 | - | 13.5% | |
| Pay: officers, directors, trustees, key employees | $980,345 | $735,259 | $245,086 | - | 1.3% | |
| Other salaries and wages | $746,211 | $559,659 | $186,552 | - | 1.0% | |
| Fees: other services | $441,657 | $331,243 | $110,414 | - | 0.6% | |
| Occupancy | $176,721 | $132,541 | $44,180 | - | 0.2% | |
| Other (as described) | Tax Expense-UBIT | $118,374 | - | $118,374 | - | 0.2% |
| Payroll taxes | $111,744 | $83,808 | $27,936 | - | 0.2% | |
| Fees: legal | $89,338 | - | $89,338 | - | 0.1% | |
| Information technology | $76,919 | $57,690 | $19,229 | - | 0.1% | |
| Fees: accounting | $69,361 | - | $69,361 | - | 0.1% | |
| Conferences, conventions and meetings | $61,744 | $46,308 | $15,436 | - | 0.1% | |
| Pension plan contributions | $56,167 | $42,125 | $14,042 | - | 0.1% | |
| Insurance | $51,613 | $38,710 | $12,903 | - | 0.1% | |
| Other employee benefits | $49,653 | $37,240 | $12,413 | - | 0.1% | |
| Office expenses | $38,333 | $28,750 | $9,583 | - | 0.1% | |
| Travel | $12,211 | $9,158 | $3,053 | - | 0.0% | |
| Total | $73,806,669 | 100% |
2023 · Form 990 · $4,800,269 spent · pay $1,442,925 · grants $0 · events $41,612
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Fees: investment management | $2,751,343 | - | $2,751,343 | - | 57.3% | |
| Pay: officers, directors, trustees, key employees | $922,469 | $691,852 | $230,617 | - | 19.2% | |
| Other salaries and wages | $392,519 | $294,389 | $98,130 | - | 8.2% | |
| Occupancy | $160,027 | $120,020 | $40,007 | - | 3.3% | |
| Fees: other services | $155,053 | $116,290 | $38,763 | - | 3.2% | |
| Payroll taxes | $74,843 | $56,132 | $18,711 | - | 1.6% | |
| Information technology | $71,880 | $53,850 | $18,030 | - | 1.5% | |
| Insurance | $60,103 | $45,077 | $15,026 | - | 1.3% | |
| Conferences, conventions and meetings | $41,612 | $31,210 | $10,402 | - | 0.9% | |
| Office expenses | $38,994 | $29,246 | $9,748 | - | 0.8% | |
| Fees: accounting | $35,969 | - | $35,969 | - | 0.7% | |
| Fees: legal | $31,985 | - | $31,985 | - | 0.7% | |
| Other employee benefits | $28,414 | $21,311 | $7,103 | - | 0.6% | |
| Pension plan contributions | $24,680 | $18,510 | $6,170 | - | 0.5% | |
| Travel | $10,378 | $7,784 | $2,594 | - | 0.2% | |
| Total | $4,800,269 | 100% |
2022 · Form 990 · $10,626,455 spent · pay $595,311 · grants $9,288,550 · events $15,543
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Grants to US organizations and governments | $9,288,550 | $9,288,550 | - | - | 87.4% | |
| Pay: officers, directors, trustees, key employees | $458,959 | $183,584 | $275,375 | - | 4.3% | |
| Fees: other services | $316,572 | $126,629 | $189,943 | - | 3.0% | |
| Information technology | $101,182 | $40,473 | $60,709 | - | 1.0% | |
| Fees: legal | $98,322 | - | $98,322 | - | 0.9% | |
| Other salaries and wages | $80,027 | $32,011 | $48,016 | - | 0.8% | |
| Fees: investment management | $72,000 | - | $72,000 | - | 0.7% | |
| Insurance | $55,055 | $22,022 | $33,033 | - | 0.5% | |
| Occupancy | $47,329 | $18,932 | $28,397 | - | 0.4% | |
| Other employee benefits | $28,650 | $11,460 | $17,190 | - | 0.3% | |
| Payroll taxes | $27,675 | $11,070 | $16,605 | - | 0.3% | |
| Fees: accounting | $23,893 | - | $23,893 | - | 0.2% | |
| Conferences, conventions and meetings | $15,543 | $6,217 | $9,326 | - | 0.1% | |
| Office expenses | $12,203 | $4,881 | $7,322 | - | 0.1% | |
| Travel | $495 | $198 | $297 | - | 0.0% | |
| Total | $10,626,455 | 100% |
2021 · Form 990 · $718,896 spent · pay $232,370 · grants $0 · events $22,762
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Other salaries and wages | $231,332 | - | $231,332 | - | 32.2% | |
| Fees: other services | $200,900 | - | $200,900 | - | 27.9% | |
| Information technology | $68,500 | - | $68,500 | - | 9.5% | |
| Insurance | $54,256 | - | $54,256 | - | 7.5% | |
| Fees: legal | $50,979 | - | $50,979 | - | 7.1% | |
| Fees: investment management | $36,088 | - | $36,088 | - | 5.0% | |
| Conferences, conventions and meetings | $22,762 | - | $22,762 | - | 3.2% | |
| Fees: accounting | $19,000 | - | $19,000 | - | 2.6% | |
| Travel | $15,118 | - | $15,118 | - | 2.1% | |
| Occupancy | $9,764 | - | $9,764 | - | 1.4% | |
| Office expenses | $9,159 | - | $9,159 | - | 1.3% | |
| Other employee benefits | $1,038 | - | $1,038 | - | 0.1% | |
| Total | $718,896 | 100% |
2020 · Form 990EZ · $7,032 spent · pay $0 · grants $0 · events $0
| Line | As described | Total | Share |
|---|---|---|---|
| Fees to independent contractors | $7,032 | 100.0% | |
| Total | $7,032 | 100% |