Nonprofit · EIN 56-2095185
RALEIGH CIVIC VENTURES INC
Tax-exempt · RALEIGH, NC 27601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $487,254 | $436,712 | $50,542 | $284,737 | $132,350 | $152,387 |
| June 30, 2024 | 990 | $182,465 | $268,843 | -$86,378 | $203,566 | $101,721 | $101,845 |
| June 30, 2023 | 990 | $282,195 | $229,243 | $52,952 | $320,637 | $132,414 | $188,223 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $398,754
- Program service revenue
- $88,194
- Investment income
- $306
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $135,737
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $364
- Depreciation
- $14,796
- Program services (functional)
- $393,849
- Management and general (functional)
- $42,863
Balance sheet and other
- Total assets, start of year
- $203,566
- Total assets, end of year
- $284,737
- Total liabilities, end of year
- $132,350
- Net assets, end of year
- $152,387
- Land, buildings and equipment
- $75,668
- Net assets without donor restrictions
- $152,387
- Gross receipts
- $487,254
- Employees
- 0
- Volunteers
- 8
- Year formed
- 1998
- 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 |
|---|---|---|---|---|
| BILL KING | PRESIDENT AND CEO Trustee or director, Officer | 20 | $0 | $196,500 |
| PAULETTE DILLARD | RCV BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SKIP HILL | RCV BOARD VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BO DEMPSTER | RCV BOARD LEGAL COUNSEL Trustee or director, Officer | 1 | $0 | $0 |
| TIA MCLAURIN | RCV BOARD SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| DERRICK REMER | RCV BOARD TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MIKE MUNN | RCV AT-LARGE MEMBER Trustee or director | 1 | $0 | $0 |
| BRITT THOMAS | RCV AT-LARGE MEMBER Trustee or director | 1 | $0 | $0 |
| EMILY WILLIAMS | RCV AT-LARGE MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| BILL KING | PRESIDENT & CEO Trustee or director, Officer | 20 | $0 | $188,008 |
| DAVID MEEKER | RCV BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SKIP HILL | RCV BOARD VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOSEPH BO DEMPSTER | RCV BOARD LEGAL COUNSEL Trustee or director, Officer | 1 | $0 | $0 |
| TIA MCLAURIN | RCV BOARD SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MIKE MUNN | RCV BOARD TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ALLYSON DICKENS | RCV AT-LARGE MEMBER Trustee or director | 1 | $0 | $0 |
| PAULETTE DILLARD | RCV AT-LARGE MEMBER Trustee or director | 1 | $0 | $0 |
| BRITT THOMAS | RCV AT-LARGE MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| BILL KING | PRESIDENT & Officer | 1 | $0 | $189,712 |
| BO DEMPSTER | LEGAL COUNSE Trustee or director | 1 | $0 | $0 |
| ALLYSON DICKENS | AT LARGE-MEM Trustee or director | 1 | $0 | $0 |
| PAULETTE DILLARD | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| VALERIE FIELDS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| SKIP HILL | AT-LARGE MEM Trustee or director | 1 | $0 | $0 |
| DAVID MEEKER | CHAIR ELECT Trustee or director | 1 | $0 | $0 |
| BRIAN RALPH | CHAIRMAN Trustee or director | 1 | $0 | $0 |
| DOUG WARF | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 333 FAYETTEVILLE ST STE 1150, RALEIGH, NC 27601-2952
- Principal officer (990 for 2024)
- BILL KING, 333 FAYETTEVILLE STREET 1150, RALEIGH, NC 27601
- Signed the 990
- BILL KING, PRESIDENT & CEO
- Phone
- (919) 832-1231
- Website
- RALEIGHCIVICVENTURES.ORG
- Return prepared by
- SHARPE PATEL CPA
Mission
TO UNDERTAKE SPECIAL PROJECTS THAT SUPPORT AND COMPLEMENT THE MISSION OF THE DOWNTOWN RALEIGH ALLIANCE AND TO CONTINUE REVITALIZING RALEIGH'S DOWNTOWN DISTRICT.
Program accomplishments
- THE PRIMARY GOAL OF THE SPECIAL PROGRAMS AND EVENTS SERVICE IS TO CREATE MEMORABLE EXPERIENCES FOR VISITORS, RESIDENTS, AND WORKERS IN DOWNTOWN RALEIGH. OUTDOOR EVENTS ACTIVATED PUBLIC SPACES WITH ATTENDEES. THE ANNUAL RALEIGH TREE LIGHTING FEATURED MUSIC, SANTA FOR THE KIDS, FOOD TRUCKS, LOCAL BUSINESS VENDORS, AS WELL AS A VISIT FROM RALEIGH'S MAYOR. THE DOWNTOWN BANNER AND FLAG PROGRAM ALSO PROVIDES VISUAL ENHANCEMENT ALONG RALEIGH'S STREETSCAPE.Expenses $393,849 · grants $135,737 · revenue $88,194
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
- 56-2095185
- 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
- 1999
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T21)
- Assets (IRS master file)
- $284,737
- Income (IRS master file)
- $487,254
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $487,254 | $436,712 | $284,737 | XML |
| 990 | June 2024 | $182,465 | $268,843 | $203,566 | XML |
| 990 | June 2023 | $282,195 | $229,243 | $320,637 | XML |
| 990 | June 2022 | $239,751 | $239,442 | $262,650 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 56-2095185).
Questions about RALEIGH CIVIC VENTURES INC
- What is the EIN of RALEIGH CIVIC VENTURES INC?
- The employer identification number (EIN) of RALEIGH CIVIC VENTURES INC is 56-2095185.
- Is RALEIGH CIVIC VENTURES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to RALEIGH CIVIC VENTURES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does RALEIGH CIVIC VENTURES INC 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 RALEIGH CIVIC VENTURES INC 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 RALEIGH CIVIC VENTURES INC 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 RALEIGH CIVIC VENTURES INC?
- The 990 for the year ended June 30, 2025 names BILL KING.
- Who are the officers and directors of RALEIGH CIVIC VENTURES INC?
- The 990 for the year ended June 30, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does RALEIGH CIVIC VENTURES INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $487,254, expenses of $436,712 and total assets of $284,737 at year end.
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All nonprofits in RALEIGH · North Carolina · Philanthropy, voluntarism and grantmaking foundations