Nonprofit · EIN 56-1918853
NORTH CAROLINA CHAMBER FOUNDATION
Tax-exempt · RALEIGH, NC 27607
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,301,288 | $1,195,241 | $2,106,047 | $7,595,896 | $416,309 | $7,179,587 |
| December 31, 2023 | 990 | $2,686,233 | $1,685,045 | $1,001,188 | $5,545,570 | $703,254 | $4,842,316 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,102,221
- Program service revenue
- $0
- Investment income
- $199,067
- Net gain from sales of assets
- -$7,485
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $100,000
- Other salaries and wages
- $646,853
- Salaries, compensation and benefits (total)
- $743,348
- Professional fundraising fees
- $0
- Legal fees
- $438
- Travel
- $33,524
- Program services (functional)
- $887,920
- Management and general (functional)
- $307,321
Balance sheet and other
- Total assets, start of year
- $5,545,570
- Total assets, end of year
- $7,595,896
- Total liabilities, end of year
- $416,309
- Net assets, end of year
- $7,179,587
- Net assets with donor restrictions
- $7,179,587
- Gross receipts
- $3,308,773
- Employees
- 0
- Volunteers
- 14
- Year formed
- 1995
- State of legal domicile
- NC
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GARY J SALAMIDO MS | BOARD MEMBER Trustee or director | 1 | $0 | $448,754 | $23,346 |
| MEREDITH ARCHIE | FOUNDATION PRESIDENT Trustee or director, Officer | 3 | $0 | $206,633 | $17,552 |
| FRANK HOLDING | CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| JANEL POUGH | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
| LAURA BUNN | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| JULE SMITH | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JIM HANSEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DR TUNDE SOTUNDE MD MBA FAAP | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DEREK B STEED | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RUSTY HARRIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JODIE HUGHES | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| OLIVER BROOKS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| INDIRA EVERETT | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DALE JENKINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GARY J SALAMIDO | BOARD MEMBER Trustee or director | 1 | $0 | $688,383 | $22,735 |
| MEREDITH ARCHIE | PRESIDENT Trustee or director, Officer | 36.5 | $0 | $182,725 | $16,779 |
| AMY FOWLER | TREASURER Institutional trustee | 7.5 | $0 | $118,136 | $10,019 |
| JANEL BOYD | SECRETARY Trustee or director, Officer | 1 | $0 | $97,519 | $11,973 |
| LAURA BUNN | TREASURER Trustee or director, Officer | 7.5 | $0 | $0 | $0 |
| JIM HANSEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| D RUSSELL HARRIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DALE JENKINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| FRANK B HOLDING JR | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CHARMAINE RIGGINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SEPIDEH SAIDI | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| STEPHEN C SCOTT | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JULE SMITH | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| TUNDE SOTUNDE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DEREK B STEED | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DAVID H WEAVER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT WOMBLE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 701 CORPORATE CENTER DR 275, RALEIGH, NC 27607-5084
- Mailing address (990-N for 2010)
- 701 CORPORATE CENTER DRIVE, SUITE 400, RALEIGH NC 27607
- Principal officer (990 for 2024)
- MEREDITH ARCHIE, 701 CORPORATE CENTER DR 275, RALEIGH, NC 27607
- Principal officer (990-N for 2010)
- S LEWIS EBERT, 701 CORPORATE CENTER DRIVE, SUITE 400, RALEIGH NC 27607
- Signed the 990
- MEREDITH ARCHIE, FOUNDATION PRESIDENT
- Phone
- (919) 836-1403
- Return prepared by
- THOMAS JUDY & TUCKER PA
Mission
THE PURPOSE AND MISSION OF THE ORGANIZATION IS TO PROMOTE THE SOCIAL WELFARE OF THE STATE OF NORTH CAROLINA AND ITS CITIZENS BY IDENTIFYING, INVESTIGATING, STUDYING, RESEARCHING, AND ANALYZING IN A NONPARTISAN MANNER THE FACTORS THAT ENHANCE THE BUSINESS CLIMATE, WORKFORCE DEVELOPMENT, AND QUALITY OF LIFE OF THE STATE, INCLUDING THE PROSPECTS FOR THE CREATION AND RETENTION OF JOBS FOR THE STATE'S CITIZENS, AND EDUCATING AND INSTRUCTING THE BUSINESS COMMUNITY AND GENERAL PUBLIC BY DISSEMINATING AND PUBLISHING THE KNOWLEDGE GAINED AS A RESULT OF THOSE ACTIVITIES. THE ORGANIZATION WILL NOT DIRECT ITS EFFORTS OR EXPEND FUNDS IN MAKING ANY LEGISLATIVE RECOMMENDATIONS, PREPARING PROSPECTIVE LEGISLATION, OR CONTACTING LEGISLATORS OR OTHER ELECTED OFFICIALS FOR THE PURPOSE OF INFLUENCING LEGISLATION.
Program accomplishments
- PROACTIVELY DELIVER PRO-BUSINESS SOLUTIONS FOR NORTH CAROLINA'S MOST DAUNTING ECONOMIC CHALLENGES TO EFFECTIVELY PRODUCE MEANINGFUL OUTCOMES. DRIVE IMPLEMENTATION OF NC LEADS: DRIVING JOB CREATION, INCREASING PROSPERITY", DEVELOPED WITH THE INVOLVEMENT OF TOP NORTH CAROLINA BUSINESS LEADERS, LOCAL CHAMBERS OF COMMERCE AND KEY STAKEHOLDERS. PROMOTE ACCOUNTABILITY, TRANSPARENCY AND CLEAR METRICS KEY FOR MEASURING PROGRESS THATIS ACCESSIBLE TO CITIZENS, POLITICIANS, ASSOCIATIONS, UNIVERSITIES AND ANYONE WHO HAS AN INTERNET ENABLED DEVICE.Expenses $887,920 · grants $100,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-1918853
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mental health and crisis intervention (F21)
- Assets (IRS master file)
- $7,595,896
- Income (IRS master file)
- $3,308,773
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,301,288 | $1,195,241 | $7,595,896 | IRS |
| 990 | December 2023 | $2,686,233 | $1,685,045 | $5,545,570 | XML |
| 990 | December 2022 | -$12,968 | $765,454 | $3,636,911 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2010 Officer: S LEWIS EBERT | March 31, 2011 | ≤ $50,000 receipts | – | – | e-Postcard |
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 56-1918853).
Questions about NORTH CAROLINA CHAMBER FOUNDATION
- What is the EIN of NORTH CAROLINA CHAMBER FOUNDATION?
- The employer identification number (EIN) of NORTH CAROLINA CHAMBER FOUNDATION is 56-1918853.
- Is NORTH CAROLINA CHAMBER FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to NORTH CAROLINA CHAMBER FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does NORTH CAROLINA CHAMBER FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NORTH CAROLINA CHAMBER FOUNDATION 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 CHAMBER FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NORTH CAROLINA CHAMBER FOUNDATION?
- The 990 for the year ended December 31, 2024 names MEREDITH ARCHIE.
- Who are the officers and directors of NORTH CAROLINA CHAMBER FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 14 people; 0 received compensation from the organization.
- How much revenue does NORTH CAROLINA CHAMBER FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,301,288, expenses of $1,195,241 and total assets of $7,595,896 at year end.
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All nonprofits in RALEIGH · North Carolina · Mental health and crisis intervention