2024-03-12T09:01:51-04:00 2023-06-30 562034483 NORTON COLLAR LUND LILLEY PLLC 7701 SIX FORKS RD STE 100 RALEIGH NC 27615 990 2022-07-01 274467111 CITY OF OAKS FOUNDATION INC CITY 9199964773 PO BOX 6147 RALEIGH NC 27628 CHRIS HEAGARTY EXECUTIVE DIRECTOR 9193556998 2024-03-09 true CHRIS HEAGARTY 999009999 false JON A LUND P00105848 9198411000 2024-03-09 2022 2023-04-26 12:10:37Z CHRIS HEAGARTY 2431 W LAKE DRIVE RALEIGH NC 27609 279137 false X HTTPS://CITYOFOAKSFOUNDATION.ORG X 2010 NC TO ACQUIRE DONATIONS OF CONSERVATION LAND IN AN EFFORT TO COMPLEMENT THE THE AREA'S PARKS, NATURE PRESERVES AND GREENWAYS. IN ADDITION, THE FOUNDATION ENCOURAGES CHILDREN TO GET INVOLVED IN PARKS AND RECREATION PROGRAMS BY REMOVING COST AS A BARRIER FOR PARTICIPATION. 10 10 1 30 0 338238 114989 0 179787 37547 67661 95145 585686 247681 1279685 100854 0 87552 102888 0 17700 86521 58267 1453758 262009 -868072 -14328 4710100 4897009 5963 119220 4704137 4777789 X TO ACQUIRE DONATIONS OF CONSERVATION LAND IN AN EFFORT TO COMPLEMENT THE THE AREA'S PARKS, NATURE PRESERVES AND GREENWAYS. IN ADDITION, THE FOUNDATION ENCOURAGES CHILDREN TO GET INVOLVED IN PARKS AND RECREATION PROGRAMS BY REMOVING COST AS A BARRIER FOR PARTICIPATION. false false 175660 100854 TO PROVIDE NEED-BASED FINANCIAL AID TO HELP CHILDREN TO PARTICIPATE IN PROGRAMS THAT ALLOW THEM TO ENGAGE WITH NATURE, AND PRESERVE URBAN LAND AS GREEN SPACE. 175660 true true false false false false true false false true true false false false true true true false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false true 0 0 1 true false false false false false false false false false false false false false false X 10 10 false false false false false false false true true false false true true false true true false true false false X X CHRIS HEAGARTY 9199964773 2431 W LAKE DRIVE RALEIGH NC 27609 CHRIS HEAGARTY EXECUTIVE DI 40.00 X 91198 0 0 STEPHEN BENTLEY TRUSTEE (EX 1.00 X 0 0 0 KEVIN M BRICE TREASURER 2.00 X X 0 0 0 DEANTONY COLLINS SECRETARY 1.00 X 0 0 0 YVONNE HOLLEY TRUSTEE 1.00 X 0 0 0 CHARLOTTE JONES-ROE VICE CHAIR 1.00 X 0 0 0 NELL JOSLIN IM. PAST CHA 1.00 X 0 0 0 FRANKLIN T ROBERTS JR CHAIR 2.00 X X 0 0 0 ANTOINE MARSHALL TRUSTEE 1.00 X 0 0 0 CHARLES MEEKER TRUSTEE (EME 1.00 X 0 0 0 DIANE SAUER TRUSTEE (EME 1.00 X 0 0 0 DEJA SMITH TRUSTEE 1.00 X 0 0 0 JESSICA TISDALE TRUSTEE 1.00 X 0 0 0 91198 false false false 114989 2372 114989 33003 33003 36000 31456 4544 4544 4544 CONTRACT SERVICES 73623 73623 OTHER INCOME 11376 11376 FISCAL AGENT FEES 10146 10146 95145 247681 99689 33003 100854 100854 95576 43801 38597 13178 7312 7312 85 85 10461 10461 9914 4600 2270 3044 35 35 10697 10173 524 5634 4786 848 2596 2596 3549 3549 3378 846 2532 REPAIRS AND MAINTENANCE 5087 4852 235 OPERATIONS:POSTAGE, MAILI 4588 2355 1407 826 OPERATIONS:BOOKS, SUBSCRI 1648 530 1083 35 MISCELLANEOUS EXPENSES 595 147 66 382 262009 175660 68649 17700 60168 183873 65994 43613 3398500 3398500 3398500 1167990 1257103 17448 13920 4710100 4897009 5963 50999 68221 5963 119220 X 310976 269793 4393161 4507996 4704137 4777789 4710100 4897009 -14328 87980 X false true X false false X 180049 146459 154820 338238 114989 934555 180049 146459 154820 338238 114989 934555 327567 606988 21993 22831 34473 39197 33003 151497 1086052 149038 0.55890 0.54650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 1 58.32 1 1 false false 433764 433764 238903 194861 433764 238903 238903 238903 238903 224180 14723 238903 1.00000 false false 3398500 3398500 3398500 FISCAL AGENT PAYABLE 68221 68221 X 335661 87980 87980 247681 247681 262009 262009 262009 SCHEDULE D, PAGE 1, PART II, LINE 9 EASEMENTS ARE REPORTED AT THEIR FAIR MARKET VALUE ON THE DATE OF DONATION. SCHEDULE D, PAGE 3, PART X CITY OF OAKS FOUDATION, INC. IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE FOUNDATIONS'S FINANCIAL STATEMENTS. THE FOUNDATION'S FORM 990 IS NOT CURRENTLY UNDER EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE FOUNDATIONS'S TAXABLE YEARS THAT ARE OPEN FOR POTENTIAL EXAMINATION BY THE INTERNAL REVENUE SERVICE ARE FOR THE FISCAL YEARS ENDES JUNE 30, 2023, 2022, 2021, AND 2020. AT THIS TIME, MANAGEMENT DOES NOT EXPECT TO OWE ANY TAXES, INTEREST OR PENALTIES ON UNCERTAIN TAX POSITIONS. false CITY OF RALEIGH 222 W HARGETT ST RALEIGH NC 27601 GOV 65100 YOUTH PROGRAMS CITY OF RALEIGH 222 W HARGETT ST RALEIGH NC 27601 GOV 35754 LAND CONSERVATION FORM 990 - ORGANIZATION'S MISSION TO ACQUIRE DONATIONS OF CONSERVATION LAND IN AN EFFORT TO COMPLEMENT THE THE AREA'S PARKS, NATURE PRESERVES AND GREENWAYS. IN ADDITION, THE FOUNDATION ENCOURAGES CHILDREN TO GET INVOLVED IN PARKS AND RECREATION PROGRAMS BY REMOVING COST AS A BARRIER FOR PARTICIPATION. FORM 990 ASSETS TRANSFERRED TO A RECIPIENT ORGANIZATION - SKATE RALEIGH IS AN INCORPORATED ENTITY THAT, AS OF JUNE 30, 2023, HAD NOT RECEIVED ITS TAX- EXEMPT 501(C)(3) STATUS FROM THE INTERNAL REVENUE SERVICE. CITY OF OAKS FOUNDATION, INC. ACTS AS A FISCAL AGENT UNTIL THE DATE SKATE RALEIGH RECIEVES TAX-EXEMPT STATUS. THE FOUNDATION RECEIVES CONTRIBUTIONS FROM DONORS SPECIFICALLY EARMARKED FOR SKATE RALEIGH. THE FOUNDATION ALSO PAYS EXPENSES ON BEHALF OF SKATE RALEIGH, AND THESE EXPENSES ARE DIRECTED BY SKATE RALEIGH. THE FOUNDATION HAS NO VARIANCE POWER AS TO HOW MONEY SHOULD BE USED, AND ALL EXPENSES MUST BE APPROVED BY SKATE RALEIGH BEFORE BEING PAID. THEREFORE, ALL CONTRIBUTIONS AND ALL EXPENSES ARE REPORTED ON THE STATEMENT OF FINANCIAL POSITION IN A LIABILITY ACCOUNT CALLED "FISCAL AGENT PAYABLE." WHEN SKATE RALEIGH RECEIVES ITS 501(C)(3) TAX-EXEMPT STATUS, IT IS EXPECTED THAT ALL FUNDS HELD BY THE FOUNDATION FOR THIS PROJECT WILL BE TRANSFERRED TO SKATE RALEIGH. AS OF JUNE 30, 2023, THE FOUNDATION HELD IN CASH 113,237 ON BEHALF OF SKATE RALEIGH. OF THIS AMOUNT, 68,221 IS OWED TO SKATE RALEIGH AND 45,016 IS OWED TO VENDORS FOR EXPENSES ON BEHALF OF SKATE RALEIGH. IN SEPTEMBER 2023, SKATE RALEIGH RECEIVED IT'S OWN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ALL ASSETS AND LIABILITIES THAT WERE HELD BY CITY OF OAKS ON BEHALF OF SKATE RALEIGH WERE TRANSFERRED TO SKATE RALEIGH AFTER RECEIVING ITS TAX-EXEMPT STATUS. FORM 990, PAGE 6, PART VI, LINE 11B A COPY OF THE 990 IS PROVIDED TO THE EXECUTIVE DIRECTOR AND THE BOARD OF DIRECTORS, WHO REVIEW THE RETURN AND APPROVE IT BEFORE FILING. FORM 990, PAGE 6, PART VI, LINE 12C OFFICERS, DIRECTORS, TRUSTEES, & KEY EMPLOYEES ARE REQUIRED TO REGULARLY REVIEW THE CONFLICTS OF INTEREST POLICY, DISCLOSE ANY ACTUAL OR POTENTIAL QUALIFYING CONFLICTS, AND COMPLETE AN ACKNOWLEDGEMENT FORM REGARDING THEIR UNDERSTANDING AND COMPLIANCE WITH THE POLICY. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS CONSIDERS FACTORS SUCH AS PERFORMANCE AND SALARY COMPARABLES WHEN DETERMINING COMPENSATION FOR THE EXECUTIVE DIRECTOR. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. SKATE RALEIGH 2208 JARMAN DRIVE RALEIGH NC 27604 920475264 RECREATION NC 501C3 N/A false false false false false false false false false false false false false false false false false false true false SKATE RALEIGH C 10000 CASH