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The Community Foundation of Western North Carolina INC

Public charity990-T FY2023
DBA: OF WESTERN NORTH CAROLINA INC
Foundations · ASHEVILLE, NC · EIN 56-1223384
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About

The community foundation of western north carolina promotes and expands regional philanthropy and develops local funds that address changing needs and opportunities in the 18 counties of western north carolina.

DBA Of Western North Carolina INC

Donations are tax-deductible
Category
Foundations
Employees
22
Volunteers
150

Financial Snapshot

FY ending 2024-06-30
Revenue
$25.9M
Expenses
$24.8M
Assets
$434.9M
Liabilities
$111.7M

Financial history

$45.5M$22.8M$0
222324
RevenueExpenses
Latest FY2024: $25.9M · Peak FY2022: $45.5M · Avg: $34.5M

Foreign activity (Schedule F)

Total spent abroad$0
Foreign employees0
Foreign offices0
Foreign partnership interestNo
Foreign trust interestNo

501(h) election

This 501(c)(3) elected the 501(h) safe-harbor — lobbying expenditures are capped under a clear dollar formula instead of the "insubstantial part" standard.

Political & Grant Activity

Campaign Spending
$0
Lobbying
$14K
Grants Given
$19.7M
THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA INC
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Address

4 Vanderbilt Park DR STE 300
Asheville, NC, 28803-003

Governance

Voting board members20
Independent members20
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %0.0%
Permanent endowment %83.4%
Endowment held by related orgNo
Public records
ProPublica Nonprofit Explorer ↗
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