Nonprofit · EIN 46-1113072
NORTH CAROLINA OLYMPIC LEGACY FOUN
Tax-exempt · CHARLOTTE, NC 28223
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $24,141,353 | $12,796,603 | $11,344,750 | $11,244,484 | $6,542,261 | $4,702,223 |
| December 31, 2023 | 990-PF | $5,000 | $6,647,527 | -$6,642,527 | $1,157 | $6,643,684 | -$6,642,527 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $24,080,820
- Other income
- $60,533
Expenses
- Grants and similar amounts paid
- $3,999,798
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $19,185,212
Balance sheet and other
- Total assets, start of year
- $1,157
- Total assets, end of year
- $11,244,484
- Total liabilities, end of year
- $6,542,261
- Net assets, end of year
- $4,702,223
- Fair market value of assets
- $11,244,484
- Qualifying distributions
- $19,185,212
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT BURTON 9319 ROBERT D SNYDER ROAD STE 416, CHARLOTTE, NC 28223 | MEMBER | 0.5 | $0 |
| WALT PETTIT 6230 FAIRVIEW ROAD SUITE 315, CHARLOTTE, NC 28210 | CHAIRMAN | 0.5 | $0 |
| DR CHARLES DEPAOLO 9319 ROBERT D SNYDER ROAD STE 416, CHARLOTTE, NC 28223 | MEMBER | 0.5 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT BURTON 9319 ROBERT D SNYDER ROAD STE 416, CHARLOTTE, NC 28223 | MEMBER | 0.5 | $0 |
| WALT PETTIT 6230 FAIRVIEW ROAD SUITE 315, CHARLOTTE, NC 28210 | CHAIRMAN | 0.5 | $0 |
| DR CHARLES DEPAOLO 9319 ROBERT D SNYDER ROAD STE 416, CHARLOTTE, NC 28223 | MEMBER | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 9319 ROBERT D SNYDER ROAD SUITE 41, CHARLOTTE, NC 28223-0001
- In care of
- % IRWIN BELK II
- Signed the 990-PF
- WALT PETTIT, CHAIRMAN
- Phone
- (704) 806-7910
- Return prepared by
- ELLIOTT DAVIS ADVISORY LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 46-1113072
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $11,244,484
- Income (IRS master file)
- $24,141,353
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $24,141,353 | $12,796,603 | $11,244,484 | XML |
| 990-PF | December 2023 | $5,000 | $6,647,527 | $1,157 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-1113072).
Questions about NORTH CAROLINA OLYMPIC LEGACY FOUN
- What is the EIN of NORTH CAROLINA OLYMPIC LEGACY FOUN?
- The employer identification number (EIN) of NORTH CAROLINA OLYMPIC LEGACY FOUN is 46-1113072.
- Is NORTH CAROLINA OLYMPIC LEGACY FOUN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to NORTH CAROLINA OLYMPIC LEGACY FOUN tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does NORTH CAROLINA OLYMPIC LEGACY FOUN file?
- Form 990-PF. Private foundations file every year.
- When is the next return of NORTH CAROLINA OLYMPIC LEGACY FOUN due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NORTH CAROLINA OLYMPIC LEGACY FOUN last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of NORTH CAROLINA OLYMPIC LEGACY FOUN?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does NORTH CAROLINA OLYMPIC LEGACY FOUN have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $24,141,353, expenses of $12,796,603 and total assets of $11,244,484 at year end.
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