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Community Foundation Of Nc East Inc

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 Dec. 2022 tax filing, this nonprofit:

Operated a donor-advised fund
Organization maintained a donor-advised fund or similar account through which donors could direct the distribution or investment of funds. Details are reported on Schedule D.

Summary charts: organization finances over time

Revenue
$3.89M (2022)

Expenses
$3.59M (2022)

Total Assets
$14.3M (2022)

Total Liabilities
$105k (2022)

Source: Form 990 tax filings from 2011 to 2022

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.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,890,255
Expenses
$3,589,086
Net Income
$301,169
Net Assets
$14,162,236
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,449,096
88.7%
Program Services $0
Investment Income $220,380
5.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $32,003
0.8%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $188,776
4.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $142,056
4.0%
Professional Fundraising Fees $0
Other Salaries and Wages $62,167
1.7%
Assets/Debt
Total Assets $14,267,102
Total Liabilities $104,866
Net Assets $14,162,236
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Mrs Melissa Spain (Executive Dir.) $142,056 $0 $0
Mr Will Daugherty (Director) $0 $0 $0
Dr John Bray (Director) $0 $0 $0
Mr James L Lanier (Director) $0 $0 $0
Mr Walter Bolden (Treasurer) $0 $0 $0
Dr Francis G Serio (President) $0 $0 $0
Mr Randy Tomsic (Director) $0 $0 $0
Ms Simmi Prasad (Director) $0 $0 $0
Mr Micah Ball (Secretary) $0 $0 $0
Mr Pj Connelly Jr (Director) $0 $0 $0
Dr Mary J Raab (Director) $0 $0 $0
Mr Barbour Strickland (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,247,984
Expenses
$2,247,998
Net Income
$1,999,986
Net Assets
$16,115,664
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,817,802
66.3%
Program Services $0
Investment Income $1,256,708
29.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $39,681
0.9%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $133,793
3.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $118,500
5.3%
Professional Fundraising Fees $0
Other Salaries and Wages $61,500
2.7%
Assets/Debt
Total Assets $16,141,205
Total Liabilities $25,541
Net Assets $16,115,664
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Melissa Spain (Executive Director) $118,500 $0 $0
Mr Will Daugherty (Director) $0 $0 $0
Dr John Bray (Director) $0 $0 $0
Mr James L Lanier (Director) $0 $0 $0
Mr Walter Bolden (Treasurer) $0 $0 $0
Dr Francis G Serio (President) $0 $0 $0
Mr Randy Tomsic (Director) $0 $0 $0
Ms Simmi Prasad (Director) $0 $0 $0
Mr Micah Ball (Secretary) $0 $0 $0
Mr Pj Connelly Jr (Director) $0 $0 $0
Dr Mary J Raab (Director) $0 $0 $0
Mr Barbour Strickland (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,206,698
Expenses
$2,162,673
Net Income
$1,044,025
Net Assets
$13,683,389
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,462,573
76.8%
Program Services $0
Investment Income $582,622
18.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $73,568
2.3%
Sales of Assets -$34,270
Net Inventory Sales $0
Other Revenue $122,205
3.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $99,000
4.6%
Professional Fundraising Fees $0
Other Salaries and Wages $51,360
2.4%
Assets/Debt
Total Assets $13,709,416
Total Liabilities $26,027
Net Assets $13,683,389
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Melissa Spain (Executive Director) $99,000 $0 $0
Mr Will Daugherty (Director) $0 $0 $0
Dr John Bray (Imm. Past Pres.) $0 $0 $0
Mr David Silver (Secretary) $0 $0 $0
Mr Walter Bolden (Treasurer) $0 $0 $0
Dr Francis G Serio (President) $0 $0 $0
Ms Kimberly Saad (Director) $0 $0 $0
Mr Micah Ball (Director) $0 $0 $0
Mr Pj Connelly Jr (Director) $0 $0 $0
Dr Mary J Raab (Director) $0 $0 $0
Dr Deanna Boyette (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,008,592
Expenses
$2,460,492
Net Income
$1,548,100
Net Assets
$11,895,536
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,055,266
76.2%
Program Services $0
Investment Income $693,869
17.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $142,637
3.6%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $116,820
2.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $99,495
4.0%
Professional Fundraising Fees $0
Other Salaries and Wages $50,475
2.1%
Assets/Debt
Total Assets $11,925,398
Total Liabilities $29,862
Net Assets $11,895,536
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Melissa Spain (Executive Director) $99,495 $0 $0
Mr Will Daugherty (Director) $0 $0 $0
Dr John Bray (President) $0 $0 $0
Mr David Silver (Secretary) $0 $0 $0
Mr Walter Bolden (Treasurer) $0 $0 $0
Dr Hazel Brown (Director) $0 $0 $0
Ms Kimberly Saad (Director) $0 $0 $0
Mr Micah Ball (Director) $0 $0 $0
Mr Pj Connelly Jr (Director) $0 $0 $0
Dr Mary J Raab (Director) $0 $0 $0
Dr Deanna Boyette (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,377,480
Expenses
$2,154,770
Net Income
$222,710
Net Assets
$9,353,685
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,606,393
67.6%
Program Services $0
Investment Income $533,471
22.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $131,908
5.5%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $105,708
4.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $83,166
3.9%
Professional Fundraising Fees $0
Other Salaries and Wages $43,758
2.0%
Assets/Debt
Total Assets $9,376,595
Total Liabilities $22,910
Net Assets $9,353,685
Other
Operated a donor-advised fund
Compensation
Key Employees and Officers Compensation Related Other
Melissa Spain (Executive Director) $83,166 $0 $0
Mr Will Daugherty (Director) $0 $0 $0
Dr Francis Serio (President) $0 $0 $0
Mr Christian Porter (Secretary) $0 $0 $0
Mr Walter Bolden (Treasurer) $0 $0 $0
Dr John Bray (Vice President) $0 $0 $0
Mr David Silver (Director) $0 $0 $0
Mr Phil Flowers (Director) $0 $0 $0
Mr Pj Connelly Jr (Director) $0 $0 $0
Ms Mary J Raab (Director) $0 $0 $0
Dr Deanna Boyette (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,837,743
Expenses
$1,959,681
Net Income
$878,062
Net Assets
$10,136,622
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,186,536
77.1%
Program Services $0
Investment Income $403,173
14.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $168,084
5.9%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $79,950
2.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $76,000
3.9%
Professional Fundraising Fees $0
Other Salaries and Wages $39,500
2.0%
Assets/Debt
Total Assets $10,152,479
Total Liabilities $15,857
Net Assets $10,136,622

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,247,649
Expenses
$1,796,671
Net Income
$450,978
Net Assets
$8,609,032
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,752,680
78.0%
Program Services $0
Investment Income $267,097
11.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $158,446
7.0%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $69,426
3.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $76,018
4.2%
Professional Fundraising Fees $0
Other Salaries and Wages $42,053
2.3%
Assets/Debt
Total Assets $8,631,517
Total Liabilities $22,485
Net Assets $8,609,032

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,229,871
Expenses
$1,391,441
Net Income
-$161,570
Net Assets
$7,951,571
Notable Sources of Revenue Percent of Total Revenue
Contributions $726,485
59.1%
Program Services $0
Investment Income $326,401
26.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $119,525
9.7%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $57,460
4.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $75,305
5.4%
Professional Fundraising Fees $0
Other Salaries and Wages $38,156
2.7%
Assets/Debt
Total Assets $7,968,554
Total Liabilities $16,983
Net Assets $7,951,571

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,442,182
Expenses
$1,525,620
Net Income
-$83,438
Net Assets
$8,543,253
Notable Sources of Revenue Percent of Total Revenue
Contributions $893,411
61.9%
Program Services $0
Investment Income $356,632
24.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $132,397
9.2%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $59,742
4.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $54,250
3.6%
Professional Fundraising Fees $0
Other Salaries and Wages $24,341
1.6%
Assets/Debt
Total Assets $8,594,563
Total Liabilities $51,310
Net Assets $8,543,253

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,221,498
Expenses
$1,231,498
Net Income
-$10,000
Net Assets
$8,672,289
Notable Sources of Revenue Percent of Total Revenue
Contributions $789,233
64.6%
Program Services $0
Investment Income $263,010
21.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $111,869
9.2%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $57,386
4.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $61,331
5.0%
Professional Fundraising Fees $0
Other Salaries and Wages $26,599
2.2%
Assets/Debt
Total Assets $8,682,983
Total Liabilities $10,694
Net Assets $8,672,289

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,323,014
Expenses
$1,258,143
Net Income
$1,064,871
Net Assets
$8,105,862
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,976,638
85.1%
Program Services $0
Investment Income $202,711
8.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $100,796
4.3%
Sales of Assets -$331
Net Inventory Sales $0
Other Revenue $43,200
1.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $61,750
4.9%
Professional Fundraising Fees $0
Other Salaries and Wages $18,156
1.4%
Assets/Debt
Total Assets $8,107,077
Total Liabilities $1,215
Net Assets $8,105,862

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,695,672
Expenses
$1,673,334
Net Income
$22,338
Net Assets
$6,517,081
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,110,895
65.5%
Program Services $0
Investment Income $231,265
13.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $307,916
18.2%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $45,596
2.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $57,000
3.4%
Professional Fundraising Fees $0
Other Salaries and Wages $15,434
0.9%
Assets/Debt
Total Assets $6,548,823
Total Liabilities $31,742
Net Assets $6,517,081

Document Links

Fiscal Year Ending Dec.
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 Dec.
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 Dec.
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 Dec.
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 Dec.
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 Dec.
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 Dec.
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 Dec.
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 Dec.
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

Fiscal Year Ending Dec.
2001

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.

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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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