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Asheville Area Chamber Of Commerce Community Betterment Foundation

Community Betterment Foundation

Organization summary

Type of Nonprofit

Designated as a 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 / Community Foundations (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$3.78M (2023)

Expenses
$4.01M (2023)

Total Assets
$2.15M (2023)

Total Liabilities
$1.03M (2023)

Source: Form 990 tax filings from 2011 to 2023

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 June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,782,364
Expenses
$4,013,723
Net Income
-$231,359
Net Assets
$1,124,058
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,154,301
83.4%
Program Services $573,857
15.2%
Investment Income $21,707
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $32,499
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,151,279
Total Liabilities $1,027,221
Net Assets $1,124,058
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Janice Brumit (Chair) $0 $0 $0
John F A V Cecil (Vice Chair) $0 $0 $0
Suzanne Deferie (Treasurer) $0 $0 $0
Ben Hamrick (Board Member) $0 $0 $0
W Louis Bissette (Board Member) $0 $0 $0
Tracy Buchanan (Board Member) $0 $0 $0
William A V Cecil (Board Member) $0 $0 $0
Carolyn Coward (Board Member) $0 $0 $0
Himanshu Karvir (Board Member) $0 $0 $0
Michael Meguiar (Board Member) $0 $0 $0
Robert Roberts (Board Member) $0 $0 $0
Dana Stonestreet (Board Member) $0 $0 $0
John Winkenwerder (Board Member) $0 $0 $0
Laura Webb (Board Member) $0 $0 $0
Austin Walker (Board Member) $0 $0 $0
Terri King (Board Member) $0 $0 $0
Kathryn Cramer (Secretary) $0 $288,212 $25,338

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,607,474
Expenses
$6,589,290
Net Income
$18,184
Net Assets
$1,354,358
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,862,405
73.6%
Program Services $1,743,127
26.4%
Investment Income $1,942
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,704,997
Total Liabilities $1,350,639
Net Assets $1,354,358
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Janice Brumit (Chair) $0 $0 $0
John F A V Cecil (Vice Chair) $0 $0 $0
Suzanne Deferie (Treasurer) $0 $0 $0
Ben Hamrick (Board Member) $0 $0 $0
W Louis Bissette (Board Member) $0 $0 $0
Tracy Buchanan (Board Member) $0 $0 $0
William A V Cecil (Board Member) $0 $0 $0
Carolyn Coward (Board Member) $0 $0 $0
Himanshu Karvir (Board Member) $0 $0 $0
Michael Meguiar (Board Member) $0 $0 $0
Robert Roberts (Board Member) $0 $0 $0
Dana Stonestreet (Board Member) $0 $0 $0
John Winkenwerder (Board Member) $0 $0 $0
Laura Webb (Board Member) $0 $0 $0
Austin Walker (Board Member) $0 $0 $0
Kathryn Cramer (Secretary) $0 $306,795 $18,066

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,471,789
Expenses
$5,587,769
Net Income
$884,020
Net Assets
$1,341,919
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,835,855
90.2%
Program Services $634,554
9.8%
Investment Income $1,380
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,583,932
Total Liabilities $1,242,013
Net Assets $1,341,919
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Janice Brumit (Chair) $0 $0 $0
John F A V Cecil (Vice Chair) $0 $0 $0
Suzanne Deferie (Treasurer) $0 $0 $0
Ben Hamrick (Board Member) $0 $0 $0
W Louis Bissette (Board Member) $0 $0 $0
Tracy Buchanan (Board Member) $0 $0 $0
William A V Cecil (Board Member) $0 $0 $0
Carolyn Coward (Board Member) $0 $0 $0
Himanshu Karvir (Board Member) $0 $0 $0
Michael Meguiar (Board Member) $0 $0 $0
Robert Roberts (Board Member) $0 $0 $0
Dana Stonestreet (Board Member) $0 $0 $0
John Winkenwerder (Board Member) $0 $0 $0
Laura Webb (Board Member) $0 $0 $0
Kit Cramer (Secretary) $0 $279,207 $17,833

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$508,643
Expenses
$474,379
Net Income
$34,264
Net Assets
$457,990
Notable Sources of Revenue Percent of Total Revenue
Contributions $460,136
90.5%
Program Services $42,837
8.4%
Investment Income $4,270
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,400
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $977,915
Total Liabilities $519,925
Net Assets $457,990
Compensation
Key Employees and Officers Compensation Related Other
Janice Brumit (Chair) $0 $0 $0
John F A V Cecil (Vice Chair) $0 $0 $0
Ben Hamrick (Treasurer) $0 $0 $0
Kit Cramer (Secretary) $0 $285,572 $24,635
K Ray Bailey (Board Member) $0 $0 $0
W Louis Bissette (Board Member) $0 $0 $0
Tracy Buchanan (Board Member) $0 $0 $0
William A V Cecil (Board Member) $0 $0 $0
Carolyn Coward (Board Member) $0 $0 $0
Suzanne Deferie (Board Member) $0 $0 $0
Himanshu Karvir (Board Member) $0 $0 $0
Michael Meguiar (Board Member) $0 $0 $0
Alice Oglesby (Board Member) $0 $0 $0
Robert Roberts (Board Member) $0 $0 $0
Dana Stonestreet (Board Member) $0 $0 $0
John Winkenwerder (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$525,568
Expenses
$555,955
Net Income
-$30,387
Net Assets
$423,684
Notable Sources of Revenue Percent of Total Revenue
Contributions $455,851
86.7%
Program Services $52,303
10.0%
Investment Income $4,715
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $12,699
2.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,160,798
Total Liabilities $737,114
Net Assets $423,684
Compensation
Key Employees and Officers Compensation Related Other
Janice Brumit (Chairman) $0 $0 $0
John Fav Cecil (Vice Chairman) $0 $0 $0
Lavoy Spooner (Treasurer) $0 $0 $0
K Ray Bailey (Director) $0 $0 $0
W Louis Bissette Jr (Director) $0 $0 $0
William A V Cecil Jr (Director) $0 $0 $0
Suzanne Deferie (Director) $0 $0 $0
Ben Hamrick (Director) $0 $0 $0
Alice Oglesby (Director) $0 $0 $0
Dana Stonestreet (Director) $0 $0 $0
Robert C Roberts (Director) $0 $0 $0
Tracy Buchanan (Director) $0 $0 $0
Himanshu Karvir (Director) $0 $0 $0
Carolyn Coward (Director) $0 $0 $0
Kathryn Cramer (Secretary) $0 $260,306 $26,207

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$547,269
Expenses
$383,872
Net Income
$163,397
Net Assets
$453,923
Notable Sources of Revenue Percent of Total Revenue
Contributions $509,778
93.1%
Program Services $37,091
6.8%
Investment Income $400
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,452,168
Total Liabilities $998,245
Net Assets $453,923
Compensation
Key Employees and Officers Compensation Related Other
Janice Brumit (Chairman) $0 $0 $0
John Fav Cecil (Vice Chairman) $0 $0 $0
Lavoy Spooner (Treasurer) $0 $0 $0
K Ray Bailey (Director) $0 $0 $0
W Louis Bissette Jr (Director) $0 $0 $0
William A V Cecil Jr (Director) $0 $0 $0
Suzanne Deferie (Director) $0 $0 $0
Ben Hamrick (Director) $0 $0 $0
Alice Oglesby (Director) $0 $0 $0
Dana Stonestreet (Director) $0 $0 $0
Robert C Roberts (Director) $0 $0 $0
Tracy Buchanan (Director) $0 $0 $0
Himanshu Karvir (Director) $0 $0 $0
Pat Carver (Director) $0 $0 $0
Kathryn Cramer (Secretary) $0 $262,644 $33,502

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$432,006
Expenses
$596,982
Net Income
-$164,976
Net Assets
$290,526
Notable Sources of Revenue Percent of Total Revenue
Contributions $421,616
97.6%
Program Services $0
Investment Income $355
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$10,006
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $20,041
4.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,794,598
Total Liabilities $1,504,072
Net Assets $290,526
Compensation
Key Employees and Officers Compensation Related Other
Janice Brumit (Chairman) $0 $0 $0
John Fav Cecil (Vice Chairman) $0 $0 $0
Lavoy Spooner (Treasurer) $0 $0 $0
K Ray Bailey (Director) $0 $0 $0
W Louis Bissette Jr (Director) $0 $0 $0
Linda Brandt (Director) $0 $0 $0
William A V Cecil Jr (Director) $0 $0 $0
Suzanne Deferie (Director) $0 $0 $0
Ben Hamrick (Director) $0 $0 $0
Alice Oglesby (Director) $0 $0 $0
Dana Stonestreet (Director) $0 $0 $0
Robert C Roberts (Director) $0 $0 $0
Tracy Buchanan (Director) $0 $0 $0
Himanshu Karvir (Director) $0 $0 $0
Kathryn Cramer (Secretary) $0 $232,199 $28,929

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$749,412
Expenses
$709,372
Net Income
$40,040
Net Assets
$455,502
Notable Sources of Revenue Percent of Total Revenue
Contributions $762,129
> 100%
Program Services $0
Investment Income $361
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$13,078
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,046,326
Total Liabilities $1,590,824
Net Assets $455,502
Compensation
Key Employees and Officers Compensation Related Other
Janice Brumit (Chairman) $0 $0 $0
John Fav Cecil (Vice Chairman) $0 $0 $0
Lavoy Spooner (Treasurer) $0 $0 $0
K Ray Bailey (Director) $0 $0 $0
W Louis Bissette Jr (Director) $0 $0 $0
Linda Brandt (Director) $0 $0 $0
William A V Cecil Jr (Director) $0 $0 $0
Suzanne Deferie (Director) $0 $0 $0
Ben Hamrick (Director) $0 $0 $0
Alice Oglesby (Director) $0 $0 $0
Dana Stonestreet (Director) $0 $0 $0
Robert C Roberts (Director) $0 $0 $0
Kathryn Cramer (Secretary) $0 $276,796 $27,918

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$426,171
Expenses
$633,341
Net Income
-$207,170
Net Assets
$415,462
Notable Sources of Revenue Percent of Total Revenue
Contributions $424,706
99.7%
Program Services $0
Investment Income $573
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $892
0.2%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $878,708
Total Liabilities $463,246
Net Assets $415,462
Compensation
Key Employees and Officers Compensation Related Other
Janice Brumit (Chairman) $0 $0 $0
John Fav Cecil (Vice Chairman) $0 $0 $0
Kathryn Cramer (Secretary) $0 $245,484 $29,952
Lavoy Spooner (Treasurer) $0 $0 $0
K Ray Bailey (Director) $0 $0 $0
W Louis Bissette Jr (Director) $0 $0 $0
Linda Brandt (Director) $0 $0 $0
William A V Cecil Jr (Director) $0 $0 $0
Suzanne Deferie (Director) $0 $0 $0
Ben Hamrick (Director) $0 $0 $0
Alice Oglesby (Director) $0 $0 $0
Dana Stonestreet (Director) $0 $0 $0
Michelle Rippon (Legal Counsel, Director Non Voting) $0 $0 $0
Robert C Roberts (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$505,614
Expenses
$440,676
Net Income
$64,938
Net Assets
$622,632
Notable Sources of Revenue Percent of Total Revenue
Contributions $516,256
> 100%
Program Services $0
Investment Income $170
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$11,424
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $612
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,331,248
Total Liabilities $708,616
Net Assets $622,632
Compensation
Key Employees and Officers Compensation Related Other
Robert C Roberts (Chairman) $0 $0 $0
Janice Brumit (Vice Chairman) $0 $0 $0
Kathryn Cramer (Secretary) $0 $236,726 $27,672
John Fav Cecil (Treasurer) $0 $0 $0
Linda Brandt (Director) $0 $0 $0
Dana Stonestreet (Director) $0 $0 $0
K Ray Bailey (Director) $0 $0 $0
W Louis Bissette Jr (Director) $0 $0 $0
Alice Olgesby (Director) $0 $0 $0
William A V Cecil Jr (Director) $0 $0 $0
Ben Hamrick (Director) $0 $0 $0
Michelle Rippon (Legal Counsel) $0 $0 $0
Lavoy Spooner (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$602,633
Expenses
$403,260
Net Income
$199,373
Net Assets
$557,694
Notable Sources of Revenue Percent of Total Revenue
Contributions $610,636
> 100%
Program Services $0
Investment Income $496
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$8,593
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $94
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,569,633
Total Liabilities $1,011,939
Net Assets $557,694

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$399,065
Expenses
$526,010
Net Income
-$126,945
Net Assets
$358,321
Notable Sources of Revenue Percent of Total Revenue
Contributions $417,439
> 100%
Program Services $0
Investment Income $300
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$18,674
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $67,500
12.8%
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,562,852
Total Liabilities $1,204,531
Net Assets $358,321

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$252,060
Expenses
$581,987
Net Income
-$329,927
Net Assets
$485,266
Notable Sources of Revenue Percent of Total Revenue
Contributions $229,345
91.0%
Program Services $0
Investment Income $579
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $22,136
8.8%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $133,524
22.9%
Other Salaries and Wages $0
Assets/Debt
Total Assets $591,093
Total Liabilities $105,827
Net Assets $485,266

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

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

Document Links

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 »

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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.

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