Nonprofit · EIN 56-2055388
NEW HANOVER COUNTY FINANCING CORPORATION
Tax-exempt · WILMINGTON, NC 28403
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $24,920,026 | $24,920,026 | $0 | $291,031,751 | $291,031,751 | $0 |
| June 30, 2024 | 990 | $21,723,608 | $21,723,608 | $0 | $240,913,779 | $240,913,779 | $0 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $24,920,026
- of which government grants
- $24,920,026
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $24,920,026
Balance sheet and other
- Total assets, start of year
- $240,913,779
- Total assets, end of year
- $291,031,751
- Total liabilities, end of year
- $291,031,751
- Net assets, end of year
- $0
- Gross receipts
- $24,920,026
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1997
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Chris Coudriet | Secretary and Vice President Officer | 0 | $0 | $392,942 |
| Eric Credle | Treasurer and Assistant Secretary Officer | 0 | $0 | $201,930 |
| Bill Rivenbark | President Officer | 0 | $0 | $56,031 |
990 for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Chris Coudriet | Secretary and Vice President Officer | 0 | $0 | $318,425 |
| Eric Credle | Treasurer and Assistant Secretary Officer | 0 | $0 | $183,992 |
| Bill Rivenbark | President Officer | 0 | $0 | $53,870 |
Address and contacts
- Address (IRS master file)
- 230 GOVERNMENT CENTER DRIVE ST165, WILMINGTON, NC 28403-1696
- In care of
- % LISA WURTZBACHER
- Principal officer (990 for 2024)
- Bill Rivenbark, 230 Government Center Drive, Suite 165, Wilmington, NC 28403
- Signed the 990
- Eric Credle, Chief Financial Officer
- Phone
- (910) 798-7187
Mission
Assist New Hanover County in carrying out its governmental functions through issuance of debt for the acquistion and construction of public improvements.
Program accomplishments
- Assist New Hanover County in carrying out its governmental functions through issuance of debt for the acquisition and construction of public improvements.Expenses $24,920,026 · revenue $24,920,026
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-2055388
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1998
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W110)
- Assets (IRS master file)
- $291,031,751
- Income (IRS master file)
- $24,920,026
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $24,920,026 | $24,920,026 | $291,031,751 | IRS |
| 990 | June 2024 | $21,723,608 | $21,723,608 | $240,913,779 | XML |
| 990 | June 2023 | $22,396,634 | $22,396,634 | $181,912,087 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | 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 56-2055388).
Questions about NEW HANOVER COUNTY FINANCING CORPORATION
- What is the EIN of NEW HANOVER COUNTY FINANCING CORPORATION?
- The employer identification number (EIN) of NEW HANOVER COUNTY FINANCING CORPORATION is 56-2055388.
- Is NEW HANOVER COUNTY FINANCING CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to NEW HANOVER COUNTY FINANCING CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does NEW HANOVER COUNTY FINANCING CORPORATION 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 NEW HANOVER COUNTY FINANCING CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW HANOVER COUNTY FINANCING CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NEW HANOVER COUNTY FINANCING CORPORATION?
- The 990 for the year ended June 30, 2025 names Bill Rivenbark.
- Who are the officers and directors of NEW HANOVER COUNTY FINANCING CORPORATION?
- The 990 for the year ended June 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does NEW HANOVER COUNTY FINANCING CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $24,920,026, expenses of $24,920,026 and total assets of $291,031,751 at year end.
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All nonprofits in WILMINGTON · North Carolina · Public and societal benefit