North State Foundation Inc

Smithfield, NC
Tax-exempt since July 2008
EIN: 26-1986674

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$593k (2024)

Expenses

$84.4k (2024)

Total Assets

$1.51M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$592,533

Expenses

$84,433

Net Income

$508,100

Net Assets

$1,512,977

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$476,898	80.5%
Interest Revenue	$0
Dividends	$38,047	6.4%
Sales of Assets	$77,588	13.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$68,800	81.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,512,977
Total Liabilities	$0
Net Assets	$1,512,977

Compensation

Key Employees and Officers	Compensation	Other
Olivia B Holding (President)	$0	$0
Carson H Brice (Secretary)	$0	$0
Hope H Bryant (Treasurer)	$0	$0

990-PF

Filed on May 14, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$312,830

Expenses

$82,261

Net Income

$230,569

Net Assets

$1,452,675

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$29,822	9.5%
Sales of Assets	$283,008	90.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$73,700	89.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,452,675
Total Liabilities	$0
Net Assets	$1,452,675

Compensation

Key Employees and Officers	Compensation	Other
Olivia B Holding (President)	$0	$0
Carson H Brice (Secretary)	$0	$0
Hope H Bryant (Treasurer)	$0	$0

990-PF

Filed on May 10, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$139,940

Expenses

$90,991

Net Income

$48,949

Net Assets

$1,222,106

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$21,277	15.2%
Sales of Assets	$118,663	84.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$74,050	81.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,222,106
Total Liabilities	$0
Net Assets	$1,222,106

Compensation

Key Employees and Officers	Compensation	Other
Olivia B Holding (President)	$0	$0
Carson H Brice (Secretary)	$0	$0
Hope H Bryant (Treasurer)	$0	$0

990-PF

Filed on May 15, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$713,072

Expenses

$53,164

Net Income

$659,908

Net Assets

$1,173,157

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$481,486	67.5%
Interest Revenue	$0
Dividends	$47,123	6.6%
Sales of Assets	$184,463	25.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$45,550	85.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,173,157
Total Liabilities	$0
Net Assets	$1,173,157

Compensation

Key Employees and Officers	Compensation	Other
Olivia B Holding (President)	$0	$0
Carson H Brice (Secretary)	$0	$0
Hope H Bryant (Treasurer)	$0	$0

990-PF

Filed on May 12, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$54,226

Expenses

$59,812

Net Income

-$5,586

Net Assets

$949,374

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$17,302	31.9%
Sales of Assets	$36,924	68.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$51,550	86.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$949,375
Total Liabilities	$1
Net Assets	$949,374

Compensation

Key Employees and Officers	Compensation	Other
Olivia B Holding (President)	$0	$0
Carson H Brice (Secretary)	$0	$0
Hope H Bryant (Treasurer)	$0	$0

990-PF

Filed on May 6, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$141,094

Expenses

$52,369

Net Income

$88,725

Net Assets

$954,960

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,000	0.7%
Interest Revenue	$0
Dividends	$28,369	20.1%
Sales of Assets	$111,725	79.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$45,550	87.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$954,961
Total Liabilities	$1
Net Assets	$954,960

Compensation

Key Employees and Officers	Compensation	Other
Olivia B Holding (President)	$0	$0
Carson H Brice (Secretary)	$0	$0
Hope H Bryant (Treasurer)	$0	$0

990-PF

Filed on May 7, 2020

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$75,511

Expenses

$53,271

Net Income

$22,240

Net Assets

$866,236

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$24,466	32.4%
Sales of Assets	$51,045	67.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$46,050	86.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$866,236
Total Liabilities	$0
Net Assets	$866,236

Compensation

Key Employees and Officers	Compensation	Other
Olivia B Holding (President)	$0	$0
Carson H Brice (Secretary)	$0	$0
Hope H Bryant (Treasurer)	$0	$0

990-PF

Filed on May 13, 2019

Primary tax return for a private foundation's activities, finances, and governance

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PDF (2 of 2)

Fiscal Year Ending Dec.
2017

Revenue

$199,311

Expenses

$41,105

Net Income

$158,206

Net Assets

$843,996

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$80,719	40.5%
Interest Revenue	$0
Dividends	$21,288	10.7%
Sales of Assets	$97,304	48.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$34,500	83.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$843,996
Total Liabilities	$0
Net Assets	$843,996

Compensation

Key Employees and Officers	Compensation	Other
Olivia B Holding (President)	$0	$0
Carson H Brice (Secretary)	$0	$0
Hope H Bryant (Treasurer)	$0	$0

990-PF

Filed on May 4, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$198,833

Expenses

$35,293

Net Income

$163,540

Net Assets

$734,303

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$103,246	51.9%
Interest Revenue	$0
Dividends	$19,215	9.7%
Sales of Assets	$76,372	38.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$24,020	68.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$734,303
Total Liabilities	$0
Net Assets	$734,303

Compensation

Key Employees and Officers	Compensation	Other
Olivia B Holding (President)	$0	$0
Carson H Brice (Secretary)	$0	$0
Hope H Connell (Treasurer)	$0	$0

990-PF

Filed on May 12, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$426,648

Expenses

$15,518

Net Income

$411,130

Net Assets

$672,449

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$199,054	46.7%
Interest Revenue	$0
Dividends	$14,279	3.3%
Sales of Assets	$213,315	50.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,412	47.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$672,449
Total Liabilities	$0
Net Assets	$672,449

Compensation

Key Employees and Officers	Compensation	Other
Olivia B Holding (President)	$0	$0
Carson H Brice (Secretary)	$0	$0
Hope H Connell (Treasurer)	$0	$0

990-PF

Filed on May 16, 2016

Primary tax return for a private foundation's activities, finances, and governance

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PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Revenue

$201,090

Expenses

$16,330

Net Income

$184,760

Net Assets

$453,773

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$102,345	50.9%
Interest Revenue	$0
Dividends	$8,938	4.4%
Sales of Assets	$89,807	44.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$10,900	66.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$453,773
Total Liabilities	$0
Net Assets	$453,773

Compensation

Key Employees and Officers	Compensation	Other
Olivia B Holding (President)	$0	$0
Carson H Brice (Secretary)	$0	$0
Hope H Connell (Treasurer)	$0	$0

990-PF

Filed on May 7, 2015

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$142,757

Expenses

$9,529

Net Income

$133,228

Net Assets

$356,416

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$116,282	81.5%
Interest Revenue	$0
Dividends	$11,481	8.0%
Sales of Assets	$14,994	10.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,900	82.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$356,416
Total Liabilities	$0
Net Assets	$356,416

Compensation

Key Employees and Officers	Compensation	Other
Olivia B Holding (President)	$0	$0
Carson H Brice (Secretary)	$0	$0
Hope H Connell (Treasurer)	$0	$0

990-PF

Filed on May 2, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$33,902

Expenses

$9,670

Net Income

$24,232

Net Assets

$228,661

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$12,722	37.5%
Sales of Assets	$21,180	62.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$9,000	93.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$228,662
Total Liabilities	$1
Net Assets	$228,661

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$39,561

Expenses

$10,815

Net Income

$28,746

Net Assets

$204,423

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$24,575	62.1%
Interest Revenue	$0
Dividends	$14,986	37.9%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$9,900	91.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$204,424
Total Liabilities	$1
Net Assets	$204,423

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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North State Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $593k (2024)

Expenses $84.4k (2024)

Total Assets $1.51M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$593k (2024)

Expenses

$84.4k (2024)

Total Assets

$1.51M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007