2025-09-14T12:28:05-04:00 2024-12-31 200221868 BARNES BROCK CORNWELL & PAINTER PLC 908 EDEN WAY N STE 201 CHESAPEAKE VA 233202640 990 2024-01-01 581516313 OUTER BANKS COMMUNITY FOUNDATION INC OUTE 2524233003 PO BOX 2299 MANTEO NC 27954 JEFF DOWDY TREASURER 2522618839 2025-08-27 true false KIMBERLY C PAINTER CPA P00294115 7579615017 2025-09-12 2024 2025-03-06 01:10:19Z CHRISTOPHER SAWIN PO BOX 2299 MANTEO NC 27954 2594786 false X WWW.OBCF.ORG X 1982 NC THE OUTER BANKS COMMUNITY FOUNDATION HELPS MEET LOCAL NEEDS ACROSS DARE COUNTY AND THE ENTIRE OUTER BANKS. WE MANAGE CHARITABLE FUNDS FOR INDIVIDUALS AND AGENCIES, AND WE TARGET GRANTS AND SCHOLARSHIPS TOWARD OUR COMMUNITYS MOST PRESSING NEEDS AND PROMISING OPPORTUNITIES. 17 17 5 97 0 2108074 2045074 0 771629 534864 65388 0 2945091 2579938 2151769 1981753 0 316685 284337 0 205003 242463 217472 2710917 2483562 234174 96376 25773330 27679487 2779248 2845095 22994082 24834392 X THE OUTER BANKS COMMUNITY FOUNDATION HELPS MEET LOCAL NEEDS ACROSS DARE COUNTY AND THE ENTIRE OUTER BANKS. 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TO DATE, THE FOUNDATION HAS INVESTED OVER 16 MILLION INTO CHARITABLE CAUSES ON THE OUTER BANKS IN ITS FORTY-TWO YEAR HISTORY. 2158439 true true false false false true false false false true true false false false false true true false false false false false false false false false false true true false false false false false false false false false false false false false false false false false false true 10 0 true 5 true false false false false false true true false false false false false false X 17 17 false false false false false true false true true false false true true true true true true true true false X X X FINANCE MANAGER 2524233003 PO BOX 2299 MANTEO NC 27954 CHRISTOPHER SAWIN PRESIDENT & 50.00 X X 99981 0 14968 JEAN-LOUISE DIXON CHAIR 10.00 X X 0 0 0 JASON WAUGHTEL VICE CHAIR 5.00 X X 0 0 0 PAT REGAN SECRETARY 5.00 X X 0 0 0 JEFF DOWDY TREASURER 5.00 X X 0 0 0 CATHY BALDWIN DIRECTOR 2.00 X 0 0 0 DAVID CLAWSON DIRECTOR 2.00 X 0 0 0 FRANK HESTER DIRECTOR 2.00 X 0 0 0 TESS JUDGE DIRECTOR 2.00 X 0 0 0 ROBIN MANN DIRECTOR 2.00 X 0 0 0 RAY MEIGGS DIRECTOR 2.00 X 0 0 0 CLAUDIA NEAL DIRECTOR 2.00 X 0 0 0 NOEL PRESTON DIRECTOR 2.00 X 0 0 0 BETTY SELBY DIRECTOR 2.00 X 0 0 0 RONNIE SLOAN DIRECTOR 2.00 X 0 0 0 SARAH SPENCER DIRECTOR 2.00 X 0 0 0 RUTH TOTH DIRECTOR 2.00 X 0 0 0 CHIP WALTON DIRECTOR 2.00 X 0 0 0 99981 14968 false false false 2045074 16348 2045074 536831 536831 14848 -1967 14848 -1967 -1967 -1967 2579938 534864 1740820 1740820 240933 240933 99981 33994 31993 33994 133238 44834 42637 45767 32997 12473 8579 11945 18121 6306 6161 5654 11773 3979 3885 3909 42644 42644 8910 8910 57233 18281 15002 23950 8225 2780 2632 2813 2991 1041 957 993 15494 5392 4958 5144 573 573 SPECIAL EVENTS 34369 34369 MEMBERSHIP DEVELOPMENT 18955 18955 NONPROFIT EVENTS & WORKSH 8913 3387 2674 2852 DUES 5677 5677 1715 1575 69 71 2483562 2158439 120120 205003 682663 268528 370046 508465 3046 3625 725318 22783 690629 702535 24026946 26196334 25773330 27679487 29149 40089 2750099 2805006 2779248 2845095 X 21068615 22801666 1925467 2032726 22994082 24834392 25773330 27679487 96376 1745059 -1125 X false true X true false X 1350589 1291557 1356741 2108074 2045074 8152035 1350589 1291557 1356741 2108074 2045074 8152035 222839 7929196 305815 358336 353324 648909 536831 2203215 10355250 65388 0.76570 0.80980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 53 203 11028686 41997948 715859 487074 5103156 12587147 true true 1925467 48952 145011 86704 2032726 1344191 397741 261135 77600 1925467 1653173 12704 -253944 67742 1344191 1474285 11099 223910 56121 1653173 1424814 1500 157914 109943 1474285 0.77600 0.22400 true false 236100 236100 457533 19027 438506 14084 2159 11925 17601 1597 16004 702535 X 4282353 1745059 1745059 2537294 42644 42644 2579938 2440918 2440918 42644 42644 2483562 SCHEDULE D, PAGE 3, PART X LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48 FOOTNOTE: THE FOUNDATION ADOPTED THE RECOGNITION REQUIREMENTS FOR UNCERTAIN INCOME TAX POSITIONS AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, WITH NO CUMULATIVE EFFECT ADJUSTMENT REQUIRED. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE- LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE FOUNDATION HAS ANALYZED THE TAX POSITIONS TAKEN IN ITS FILINGS WITH THE INTERNAL REVENUE SERVICE. THE FOUNDATION BELIEVES THAT ITS INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE AFFECT ON THE FOUNDATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE FOUNDATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2024. SCHEDULE D, PAGE 4, PART XIII THE FOUNDATION'S FEDERAL RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) FOR 2024, 2023, 2022, AND 2021 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY, FOR THREE YEARS AFTER THEY WERE FILED. true SEE ATTACHED 1740820 99 SCHOLARSHIPS 80 240933 SCHEDULE I, PAGE 1, PART I, LINE 2 THE FOUNDATION PAYS COMMUNITY ENRICHMENT GRANTS ON A REIMBURSEMENT BASIS, REQUIRING GRANTEES TO SUBSTANTIATE ACTUAL EXPENDITURES. FOR GRANTS FROM DONOR-ADVISED FUNDS, THE FOUNDATION ENSURES EACH GRANTEE IS ELIGIBLE PER IRS SELECT CHECK. FOR SCHOLARSHIPS TO INDIVIDUALS, GRANTS ARE PAID DIRECTLY TO EDUCATIONAL INSTITUTIONS WITH SPECIFIC INSTRUCTIONS TO RETURN THE FUNDS TO THE ORGANIZATION IF THE STUDENT IS NO LONGER ENROLLED. FORM 990 - ORGANIZATION'S MISSION THE OUTER BANKS COMMUNITY FOUNDATION HELPS MEET LOCAL NEEDS ACROSS DARE COUNTY AND THE ENTIRE OUTER BANKS. WE MANAGE CHARITABLE FUNDS FOR INDIVIDUALS AND AGENCIES, AND WE TARGET GRANTS AND SCHOLARSHIPS TOWARD OUR COMMUNITYS MOST PRESSING NEEDS AND PROMISING OPPORTUNITIES. FORM 990, PAGE 2, PART III, LINE 4A OUTER BANKS COMMUNITY FOUNDATION IS A NORTH CAROLINA NON-PROFIT ORGANIZATION WHOSE PURPOSE IS TO HELP MEET THE LOCAL NEEDS ACROSS DARE COUNTY AND THE ENTIRE OUTER BANKS, SUPPORTING PROGRAMS FROM THE ARTS, EDUCATION, PUBLIC SAFETY, HEALTH AND HUMAN SERVICES, DISASTER RELIEF, HISTORIC PRESERVATION, ENVIRONMENT AND ANIMAL SERVICES. THE FOUNDATION ENCOURAGES CONTRIBUTIONS FOR THOSE NEEDS AS WELL AS MANAGES CHARITABLE FUNDS FOR INDIVIDUALS AND AGENCIES AND TARGETS GRANTS AND SCHOLARSHIPS TOWARD THE OUTER BANKS MOST PRESSING NEEDS. IN 2024, THE FOUNDATION AWARDED MORE THAN 1,500,000 IN GRANTS AND SCHOLARSHIPS TO DOZENS OF NONPROFITS AND 80 LOCAL STUDENTS. TO DATE, THE FOUNDATION HAS INVESTED OVER 16 MILLION INTO CHARITABLE CAUSES ON THE OUTER BANKS IN ITS FORTY-TWO YEAR HISTORY. FORM 990, PAGE 6, PART VI, LINE 7A THE FOUNDATION UTILIZES AN INDEPENDENT NOMINATING COMMITTEE. THE COMMITTEE IS MADE UP OF A COMMUNITY MEMBER, AN EMERITUS DIRECTOR AND THE CURRENT BOARD CHAIR OR THEIR APPOINTEE. THE NOMINATING COMMITTEE PROVIDES THE NAMES OF THE NOMINEES TO THE BOARD AND THE MEMBERS APPROVE THEIR APPOINTMENT TO THE BOARD AT THE ANNUAL MEETING. FORM 990, PAGE 6, PART VI, LINE 11B ALL BOARD MEMBERS, INCLUDING THE OFFICERS AND FINANCE COMMITTEE MEMBERS, ARE GIVEN COPIES OF THE FORM 990 TO READ AND APPROVE PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C STAFF AND BOARD MEMBERS MUST DISCLOSE CONFLICTS OF INTEREST ANNUALLY. BOARD MEMBERS ARE ASKED FOR ANY ABSTENTIONS WHENEVER A VOTE ON A GRANT OR BUSINESS TRANSACTION IS TAKEN. SCHOLARSHIPS ARE NOT AWARDED TO STAFF, BOARD, OR RELATED INDIVIDUALS. FORM 990, PAGE 6, PART VI, LINE 15A BOARD APPROVAL FOR SALARIES USING NATIONAL SURVEYS INCLUDING GRANTMAKERS SALARY AND BENEFITS REPORT COMPILED BY COUNCIL ON FOUNDATIONS. FORM 990, PAGE 6, PART VI, LINE 15B BOARD APPROVAL FOR SALARIES USING NATIONAL SURVEYS INCLUDING COUNCIL ON FOUNDATIONS. FORM 990, PAGE 6, PART VI, LINE 19 FORM 990 IS PUBLISHED ON GUIDESTAR AND OUR OWN WEBSITE. FINANCIAL STATEMENTS ARE ALSO ON OUR WEBSITE. ALL PUBLIC FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST.