The Golden L E A F Long Term Economic Advancement Foundation In

Rocky Mount, NC
Tax-exempt since Dec. 2000
EIN: 52-2204473

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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 / Public Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$79.1M (2024)

Expenses

$127M (2024)

Total Assets

$1.4B (2024)

Total Liabilities

$246M (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings and Audits 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.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2024

Revenue

$79,124,718

Expenses

$127,468,546

Net Income

-$48,343,828

Net Assets

$1,158,366,397

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$40,110,208	50.7%
Program Services	$0
Investment Income	$22,232,757	28.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$16,776,750	21.2%
Net Inventory Sales	$0
Other Revenue	$5,003	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,637,801	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,219,150	1.0%

Assets/Debt
Total Assets	$1,403,937,165
Total Liabilities	$245,570,768
Net Assets	$1,158,366,397

Compensation

Key Employees and Officers	Compensation	Related	Other
Scott T Hamilton (President/Ceo)	$286,506	$0	$41,178
Edward P Lord (Svp/General Counsel)	$200,676	$0	$44,537
Erica L Smith (Vp Of Finance)	$160,967	$0	$40,215
Kasey E Ginsberg (Vp/Chief Of Staff)	$158,035	$0	$28,219
Jonathan P Boyd (Vp Of Investments)	$141,801	$0	$26,671
Terri Adou Dy Ended 062024 (Dir Of Programs/Programs Admin)	$129,303	$0	$33,460
Marilyn M Chism (Director Of Programs)	$121,863	$0	$13,929
Angela Gailliard (Director Of Programs)	$112,231	$0	$33,178
Randy Isenhower (Director)	$1,768	$0	$0
Darryl Moss (Director)	$1,560	$0	$0
Ralph Strayhorn Iii (Board Chair)	$1,456	$0	$0
Thomas F Taft Sr (Director)	$1,352	$0	$0
S Lawrence Davenport (Director)	$1,248	$0	$0
David L Rose (Director)	$1,248	$0	$0
Bobbie J Richardson (Secretary)	$1,040	$0	$0
Charles P Brown (Director)	$1,040	$0	$0
Laurence Lilley (Director)	$1,040	$0	$0
Brian Raynor (Vice Chair)	$832	$0	$0
Johnathan Rhyne Jr (Treasurer/Asst. Secretary)	$624	$0	$0
Jerome Vick Ended 072023 (Director)	$624	$0	$0
Jeffrey Lee Began 112023 (Director)	$208	$0	$0
Barry Z Dodson (Director)	$0	$0	$0
Donald E Flow (Director)	$0	$0	$0
Buddy Keller (Director)	$0	$0	$0

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990

Filed on Oct. 24, 2024

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Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending June
2023

Revenue

$57,758,666

Expenses

$63,535,535

Net Income

-$5,776,869

Net Assets

$1,077,663,909

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$29,092,002	50.4%
Program Services	$0
Investment Income	$19,494,759	33.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$8,069,158	14.0%
Net Inventory Sales	$0
Other Revenue	$1,102,747	1.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,563,838	2.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$973,035	1.5%

Assets/Debt
Total Assets	$1,292,166,073
Total Liabilities	$214,502,164
Net Assets	$1,077,663,909

Compensation

Key Employees and Officers	Compensation	Related	Other
Scott T Hamilton (President/Ceo)	$250,618	$0	$36,787
Edward P Lord (Svp/General Counsel)	$184,513	$0	$42,055
Erica Smith (Controller)	$138,402	$0	$34,842
Kasey E Ginsberg (Vp/Chief Of Staff)	$137,351	$0	$25,814
Jonathan P Boyd (Director Of Investments)	$129,857	$0	$25,145
Terri Adou Dy (Dir Of Programs/Programs Admin)	$121,015	$0	$31,091
Marilyn M Chism (Director Of Programs)	$113,941	$0	$12,681
Rhea Barnes Ended Oct 2022 (Senior Director Admin Services)	$86,546	$0	$18,572
Angela Gailliard (Director Of Programs)	$46,166	$0	$8,770
Darryl Moss (Director)	$1,664	$0	$0
Ralph Strayhorn Iii (Vice Chair)	$1,456	$0	$0
Murchison Biggs (Director)	$1,456	$0	$0
Randy Isenhower (Director)	$1,248	$0	$0
Jerome Vick (Director)	$1,248	$0	$0
S Lawrence Davenport (Director)	$1,040	$0	$0
Thomas F Taft Sr (Director)	$1,040	$0	$0
David L Rose (Director)	$936	$0	$0
Bobbie J Richardson (Treasurer/Asst. Secretary)	$832	$0	$0
Laurence Lilley (Director)	$832	$0	$0
Donald E Flow (Board Chair)	$0	$0	$0
Johnathan Rhyne Jr (Secretary)	$0	$0	$0
Charles P Brown (Director)	$0	$0	$0
Barry Z Dodson (Director)	$0	$0	$0
Brian Raynor (Director)	$0	$0	$0

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990

Filed on Oct. 11, 2023

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Fiscal Year Ending June
2022

Revenue

$127,682,126

Expenses

$133,047,066

Net Income

-$5,364,940

Net Assets

$984,500,519

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$42,778,981	33.5%
Program Services	$0
Investment Income	$14,919,713	11.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$69,983,432	54.8%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,178,746	0.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$842,996	0.6%

Assets/Debt
Total Assets	$1,203,014,453
Total Liabilities	$218,513,934
Net Assets	$984,500,519

Compensation

Key Employees and Officers	Compensation	Related	Other
Scott T Hamilton (President/Ceo)	$242,789	$0	$36,926
Edward P Lord (Svp/General Counsel)	$168,061	$0	$37,700
Kasey E Ginsberg (Dir Of Programs/External Affai)	$122,028	$0	$22,331
Beth A Edmondson (Controller)	$121,603	$0	$28,218
Jonathan P Boyd (Director Of Investments)	$118,596	$0	$22,096
Terri Adou Dy (Dir Of Programs/Programs Admin)	$112,708	$0	$28,993
Marilyn M Chism (Director Of Programs)	$108,061	$0	$10,802
Darryl Moss (Director)	$1,872	$0	$0
Jerome Vick (Director)	$1,664	$0	$0
Bobbie J Richardson (Secretary)	$1,560	$0	$0
Murchison Biggs (Director)	$1,248	$0	$0
David L Rose (Director)	$1,248	$0	$0
Ralph Strayhorn Iii (Vice Chair)	$1,248	$0	$0
Randy Isenhower (Director)	$1,040	$0	$0
Charles P Brown (Director)	$0	$0	$0
S Lawrence Davenport (Director)	$0	$0	$0
Barry Z Dodson (Director)	$0	$0	$0
Donald E Flow (Board Chair)	$0	$0	$0
Laurence Lilley (Director)	$0	$0	$0
Brian Raynor (Director)	$0	$0	$0
Johnathan Rhyne Jr (Treasurer/Asst. Secretary)	$0	$0	$0
Lee Roberts (Director)	$0	$0	$0
Thomas F Taft Sr (Director)	$0	$0	$0
Erica Smith (Controller)	$0	$0	$0

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990

Filed on Oct. 17, 2022

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990-T

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending June
2021

Revenue

$181,900,922

Expenses

$141,559,804

Net Income

$40,341,118

Net Assets

$1,224,973,351

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$95,710,093	52.6%
Program Services	$0
Investment Income	$11,741,778	6.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$74,449,051	40.9%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,159,282	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$734,088	0.5%

Assets/Debt
Total Assets	$1,379,237,142
Total Liabilities	$154,263,791
Net Assets	$1,224,973,351

Compensation

Key Employees and Officers	Compensation	Related	Other
Scott T Hamilton (President/Ceo)	$240,380	$0	$32,508
Edward P Lord (Svp/General Counsel)	$166,135	$0	$37,787
Jonathan P Boyd (Director Of Investments)	$120,780	$0	$22,472
Beth A Edmondson (Controller)	$120,436	$0	$28,542
Kasey E Ginsberg (Dir Of Programs/External Affai)	$117,474	$0	$22,035
Terri Adou Dy (Dir Of Programs/Programs Admin)	$114,300	$0	$28,731
Marilyn M Chism (Director Of Programs)	$108,860	$0	$11,393
Darryl Moss (Director)	$1,664	$0	$0
Bobbie J Richardson (Secretary)	$1,352	$0	$0
Murchison Biggs (Board Chair)	$1,248	$0	$0
Ralph Strayhorn Iii (Director)	$936	$0	$0
Randy Isenhower (Director)	$728	$0	$0
S Lawrence Davenport (Director)	$624	$0	$0
Donald E Flow (Vice Chair)	$0	$0	$0
Johnathan Rhyne Jr (Treasurer/Asst. Secretary)	$0	$0	$0
Charles P Brown (Director)	$0	$0	$0
Barry Z Dodson (Director)	$0	$0	$0
Thomas S Hester Jr (Director)	$0	$0	$0
Laurence Lilley (Director)	$0	$0	$0
Brian Raynor (Director)	$0	$0	$0
Lee Roberts (Director)	$0	$0	$0
David L Rose (Director)	$0	$0	$0
Thomas F Taft Sr (Director)	$0	$0	$0
Jerome Vick (Director)	$0	$0	$0

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990

Filed on Nov. 12, 2021

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Fiscal Year Ending June
2020

Revenue

$85,126,149

Expenses

$79,357,817

Net Income

$5,768,332

Net Assets

$973,314,606

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$42,706,990	50.2%
Program Services	$0
Investment Income	$16,352,323	19.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$26,066,446	30.6%
Net Inventory Sales	$0
Other Revenue	$390	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,047,215	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$669,198	0.8%

Assets/Debt
Total Assets	$1,207,394,628
Total Liabilities	$234,080,022
Net Assets	$973,314,606

Compensation

Key Employees and Officers	Compensation	Related	Other
Edward Lord (Vp Programs/Staff Atty)	$175,775	$0	$40,305
Jonathan P Boyd (Director Of Investments)	$112,731	$0	$22,095
Beth Edmondson (Controller)	$112,397	$0	$28,141
Terri Adou Dy (Dir Of Programs/Adminstration)	$106,252	$0	$28,165
Kasey Ginsberg (Dir Of Programs/Extrnl Affairs)	$101,050	$0	$20,702
Marilyn Chism (Director Of Programs)	$100,820	$0	$11,499
Scott Hamilton (President)	$24,296	$0	$3,088
Thomas Taft Sr (Director)	$2,600	$0	$0
Randy Isenhower (Director)	$1,632	$0	$0
Bo Biggs (Board Chair)	$1,248	$0	$0
Thomas J Hester Jr (Secretary)	$1,248	$0	$0
David Rose (Director)	$1,248	$0	$0
Bobbie J Richardson (Director)	$1,144	$0	$0
Lawrence Davenport (Director)	$1,036	$0	$0
Thomas Stith (Director)	$936	$0	$0
Jerome Vick (Director)	$832	$0	$0
Carolyn Justice (Director)	$728	$0	$0
Johnathan Rhyne Jr (Treasurer / Asst Secretary)	$728	$0	$0
James Gardner (Director)	$520	$0	$0
Barry Dodson (Director)	$0	$0	$0
Donald Flow (Vice Chair)	$0	$0	$0
Lee Roberts (Director)	$0	$0	$0
Darryl Moss (Director)	$0	$0	$0
Brian Raynor (Director)	$0	$0	$0
Ralph Strayhorn Iii (Director)	$0	$0	$0

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990

Filed on Nov. 11, 2020

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990-T

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending June
2019

Revenue

$104,363,176

Expenses

$64,903,877

Net Income

$39,459,299

Net Assets

$995,942,388

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$57,739,692	55.3%
Program Services	$0
Investment Income	$16,891,425	16.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$29,724,619	28.5%
Net Inventory Sales	$0
Other Revenue	$7,440	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,150,089	1.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$606,725	0.9%

Assets/Debt
Total Assets	$1,192,806,381
Total Liabilities	$196,863,993
Net Assets	$995,942,388

Compensation

Key Employees and Officers	Compensation	Related	Other
Dan Gerlach (President)	$204,627	$0	$42,683
Mark Sorrells (Senior Vice President)	$191,649	$0	$37,432
Edward Lord (Vp Programs/Staff Atty)	$143,181	$0	$35,921
Beth Edmondson (Controller)	$106,440	$0	$27,246
Jonathan P Boyd (Director Of Investments)	$102,968	$0	$20,693
Randy Isenhower (Chair)	$1,248	$0	$0
Bo Biggs (Director)	$1,144	$0	$0
Tommy Hester (Treasurer)	$1,040	$0	$0
David Rose (Director)	$1,040	$0	$0
Thomas Stith (Secretary)	$1,040	$0	$0
Jim Gardner (Director)	$936	$0	$0
David Stover (Director)	$936	$0	$0
Carolyn Justice (Vice Chair)	$832	$0	$0
Jerome Vick (Director)	$728	$0	$0
Lawrence Davenport (Director)	$416	$0	$0
Johnathan Rhyne (Director)	$416	$0	$0
Barry Dodson (Director)	$0	$0	$0
Don Flow (Assistant Secretary)	$0	$0	$0
Lee Roberts (Director)	$0	$0	$0
Bobbie J Richardson (Director)	$0	$0	$0
Tom Taft (Director)	$0	$0	$0

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990

Filed on Nov. 6, 2019

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990-T

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Fiscal Year Ending June
2018

Revenue

$106,921,396

Expenses

$78,672,488

Net Income

$28,248,908

Net Assets

$928,784,770

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$47,744,750	44.7%
Program Services	$0
Investment Income	$13,527,254	12.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$45,644,616	42.7%
Net Inventory Sales	$0
Other Revenue	$4,776	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$796,863	1.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$938,600	1.2%

Assets/Debt
Total Assets	$1,129,837,199
Total Liabilities	$201,052,429
Net Assets	$928,784,770

Compensation

Key Employees and Officers	Compensation	Related	Other
Dan Gerlach (President)	$194,517	$0	$41,277
Mark Sorrells (Senior Vice President)	$186,568	$0	$36,617
Edward Lord (Vp Programs/Staff Atty)	$129,095	$0	$34,481
Beth Edmondson (Controller)	$105,875	$0	$27,127
Bo Biggs (Director)	$1,352	$0	$0
Lawrence Davenport (Director)	$1,352	$0	$0
Randy Isenhower (Director Board Chair)	$1,352	$0	$0
Tommy Hester (Director Treasurer)	$1,248	$0	$0
Ralph Strayhorn (Director)	$1,144	$0	$0
Jerome Vick (Director)	$1,144	$0	$0
Carolyn Justice (Director Vice Chair)	$936	$0	$0
Johnathan Rhyne (Director)	$936	$0	$0
David Stover (Director Secretary)	$936	$0	$0
Thomas Stith (Director)	$728	$0	$0
David Rose (Director)	$624	$0	$0
Barry Dodson (Director)	$0	$0	$0
Don Flow (Director Assistant Secretary)	$0	$0	$0
Jim Gardner (Director)	$0	$0	$0
Lee Roberts (Director)	$0	$0	$0
Tom Taft (Director)	$0	$0	$0

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990

Filed on Nov. 6, 2018

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990-T

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Fiscal Year Ending June
2017

Revenue

$87,246,987

Expenses

$138,890,436

Net Income

-$51,643,449

Net Assets

$867,348,348

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$35,389,953	40.6%
Program Services	$0
Investment Income	$9,324,377	10.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$42,528,169	48.7%
Net Inventory Sales	$0
Other Revenue	$4,488	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$789,478	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$800,794	0.6%

Assets/Debt
Total Assets	$1,038,999,385
Total Liabilities	$171,651,037
Net Assets	$867,348,348

Compensation

Key Employees and Officers	Compensation	Related	Other
Dan Gerlach (President)	$195,065	$0	$40,889
Mark Sorrells (Senior Vice President)	$182,851	$0	$35,604
Edward Lord (Vp Programs/Staff Atty)	$126,402	$0	$33,643
Beth Edmondson (Controller)	$100,772	$0	$26,415
Peter Cera Partial Year (Vp Investments)	$58,456	$0	$7,080
Bo Biggs (Director)	$1,248	$0	$0
Britt Cobb (Director)	$1,248	$0	$0
David Rose (Director)	$1,144	$0	$0
Lawrence Davenport (Director)	$1,040	$0	$0
Carolyn Justice (Director)	$1,040	$0	$0
David Stover (Director Assistant Secretary)	$1,040	$0	$0
Ralph Strayhorn (Director)	$1,040	$0	$0
Billy Ray Hall (Director)	$936	$0	$0
Tommy Hester (Director Secretary)	$832	$0	$0
Randy Isenhower (Director Vice Chair)	$832	$0	$0
Jerome Vick (Director)	$832	$0	$0
Ruth Samuelson (Director)	$624	$0	$0
Barry Dodson (Director Board Chair)	$0	$0	$0
Don Flow (Director Treasurer)	$0	$0	$0
Jim Gardner (Director)	$0	$0	$0
Johnathan Rhyne (Director)	$0	$0	$0
Lee Roberts (Director)	$0	$0	$0
Thomas Stith (Director)	$0	$0	$0

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990

Filed on Nov. 6, 2017

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990-T

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Fiscal Year Ending June
2016

Revenue

$31,281,508

Expenses

$39,104,679

Net Income

-$7,823,171

Net Assets

$848,429,167

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$11,212,167	35.8%
Program Services	$0
Investment Income	$8,964,605	28.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$11,101,404	35.5%
Net Inventory Sales	$0
Other Revenue	$3,332	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$990,718	2.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$647,632	1.7%

Assets/Debt
Total Assets	$916,425,827
Total Liabilities	$67,996,660
Net Assets	$848,429,167

Compensation

Key Employees and Officers	Compensation	Related	Other
Daniel J Gerlach (President)	$194,169	$0	$40,548
Mark A Sorrells (Senior Vice President)	$179,063	$0	$34,613
Peter J Cera (Vice President Investments)	$162,195	$0	$37,309
Edward P Lord (Vp Programs/Staff Attorney)	$120,374	$0	$32,618
Patricia Cabe Cantrell (Vp Prog/Community Assistance)	$106,032	$0	$25,708
Beth A Edmondson (Controller)	$98,339	$0	$24,912
Murchison Biggs (Director)	$1,352	$0	$0
Britt Cobb (Director)	$1,352	$0	$0
S Lawrence Davenport (Director)	$1,352	$0	$0
Randy Isenhower (Director Vice Chair)	$1,352	$0	$0
Jerome Vick (Director)	$1,352	$0	$0
Billy Ray Hall (Director)	$1,144	$0	$0
Carolyn Justice (Director)	$1,144	$0	$0
Johnathan Rhyne Jr (Director)	$1,144	$0	$0
Ralph Strayhorn Iii (Director)	$1,144	$0	$0
Thomas J Hester Jr (Director Secretary)	$1,040	$0	$0
David L Rose (Director)	$936	$0	$0
David M Stover (Director Assistant Secretary)	$728	$0	$0
Barry Z Dodson (Director Board Chair)	$624	$0	$0
Donald E Flow (Director Treasurer)	$0	$0	$0
Claudine Gibson (Director)	$0	$0	$0
Ruth Samuelson (Director)	$0	$0	$0

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990

Filed on Nov. 15, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2015

Revenue

$37,322,055

Expenses

$40,128,250

Net Income

-$2,806,195

Net Assets

$871,662,110

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$513,851	1.4%
Program Services	$0
Investment Income	$8,759,107	23.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$28,039,817	75.1%
Net Inventory Sales	$0
Other Revenue	$9,280	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,081,745	2.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$550,815	1.4%

Assets/Debt
Total Assets	$941,156,934
Total Liabilities	$69,494,824
Net Assets	$871,662,110

Compensation

Key Employees and Officers	Compensation	Related	Other
Daniel J Gerlach (President)	$192,284	$0	$39,302
Peter J Cera (Vp Investments)	$172,974	$0	$37,193
Mark A Sorrells (Senior Vice President)	$172,178	$0	$33,682
Patricia Cabe Cantrell (Vp Programs/Comm. Asst. & Outr)	$114,183	$0	$26,782
Edward P Lord (Vp Programs/Staff Attorney)	$113,053	$0	$30,842
Beth A Edmondson (Controller)	$95,775	$0	$23,636
Britt Cobb (Director)	$1,352	$0	$0
Barry Z Dodson (Vice Chair)	$1,352	$0	$0
Ralph Strayhorn (Director)	$1,248	$0	$0
Randy Isenhower (Secretary)	$1,144	$0	$0
S Lawrence Davenport (Treasurer)	$1,040	$0	$0
Billy Ray Hall (Asst Secretary)	$936	$0	$0
Johnathan Rhyne (Chair)	$936	$0	$0
David L Rose (Director)	$936	$0	$0
Jerome Vick (Director)	$832	$0	$0
Dr James H Johnson (Director)	$728	$0	$0
Carolyn Justice (Director)	$728	$0	$0
Murchison Biggs (Director)	$0	$0	$0
Don Flow (Director)	$0	$0	$0
Claudine Gibson (Director)	$0	$0	$0
Tommy Hester (Director)	$0	$0	$0
David M Stover (Director)	$0	$0	$0
Tom Taft (Director)	$0	$0	$0

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990

Filed on Oct. 9, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2014

Revenue

$42,567,625

Expenses

$61,815,651

Net Income

-$19,248,026

Net Assets

$881,817,809

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$9,538,121	22.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$33,025,006	77.6%
Net Inventory Sales	$0
Other Revenue	$4,498	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,064,026	1.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$532,848	0.9%

Assets/Debt
Total Assets	$956,849,074
Total Liabilities	$75,031,265
Net Assets	$881,817,809

Compensation

Key Employees and Officers	Compensation	Related	Other
Daniel J Gerlach (President)	$189,733	$0	$36,308
Mark A Sorrells (Senior Vice President)	$164,757	$0	$32,322
Peter J Cera (Vp Investments)	$148,333	$0	$31,987
Patricia Cabe Cantrell (Vp Programs/Comm.Asst. & Outre)	$110,619	$0	$24,965
Edward P Lord (Vp Programs/Staff Attorney)	$109,316	$0	$28,167
Beth A Edmondson (Controller)	$93,059	$0	$22,384
Paul Brooks (Director)	$1,456	$0	$0
Billy Ray Hall (Asst. Secretary)	$1,456	$0	$0
William Clarke (Director)	$1,248	$0	$0
Britt Cobb (Director)	$1,248	$0	$0
S Lawrence Davenport (Treasurer)	$1,248	$0	$0
Dr James H Johnson (Secretary)	$1,144	$0	$0
Rev Lacy Joyner (Director)	$936	$0	$0
Johnathan Rhyne (Chair)	$832	$0	$0
Edwin J Vick (Director)	$832	$0	$0
Tom Taft (Vice Chair)	$624	$0	$0
J Thomas Bunn (Director)	$0	$0	$0
Barry Z Dodson (Director)	$0	$0	$0
Donald E Flow (Director)	$0	$0	$0
Claudine Gibson (Director)	$0	$0	$0
Tommy Hester (Director)	$0	$0	$0
Randy Isenhower (Director)	$0	$0	$0
Yvonne J Johnson (Director)	$0	$0	$0
Carolyn Justice (Director)	$0	$0	$0
David L Rose (Director)	$0	$0	$0
See filing for compensation of 2 other people →

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990

Filed on Nov. 14, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2013

Revenue

$146,461,527

Expenses

$110,165,868

Net Income

$36,295,659

Net Assets

$809,376,802

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$105,581,136	72.1%
Program Services	$0
Investment Income	$11,325,255	7.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$29,549,934	20.2%
Net Inventory Sales	$0
Other Revenue	$5,202	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$996,938	0.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$469,288	0.4%

Assets/Debt
Total Assets	$897,044,517
Total Liabilities	$87,667,715
Net Assets	$809,376,802

990

Filed on April 8, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2012

Revenue

$93,252,006

Expenses

$67,123,679

Net Income

$26,128,327

Net Assets

$708,756,975

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$70,489,443	75.6%
Program Services	$0
Investment Income	$7,804,907	8.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$14,951,087	16.0%
Net Inventory Sales	$0
Other Revenue	$6,569	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$979,772	1.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$402,427	0.6%

Assets/Debt
Total Assets	$793,382,903
Total Liabilities	$84,625,928
Net Assets	$708,756,975

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2011

Revenue

$102,878,385

Expenses

$47,687,708

Net Income

$55,190,677

Net Assets

$700,634,979

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$69,128,105	67.2%
Program Services	$0
Investment Income	$8,335,039	8.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$25,406,555	24.7%
Net Inventory Sales	$0
Other Revenue	$8,686	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$987,935	2.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$367,901	0.8%

Assets/Debt
Total Assets	$793,585,382
Total Liabilities	$92,950,403
Net Assets	$700,634,979

Fiscal Year Ending June
2002

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

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

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated December 20, 2024

The Golden L E A F Long Term Economic Advancement Foundation In

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $79.1M (2024)

Expenses $127M (2024)

Total Assets $1.4B (2024)

Total Liabilities $246M (2024)

Tax Filings and Audits by Year

Fiscal Year Ending June 2024

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audit

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audit

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Audit

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audit

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Audit

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Revenue

$79.1M (2024)

Expenses

$127M (2024)

Total Assets

$1.4B (2024)

Total Liabilities

$246M (2024)

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005

Fiscal Year Ending June
2004

Fiscal Year Ending June
2003

Fiscal Year Ending June
2002