Nonprofit · EIN 82-3066670
CATAWBA VALLEY LEADERSHIP FOUNDATION
Tax-exempt · HICKORY, NC 28601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $212,187 | $281,041 | -$68,854 | $99,489 | $2,224 | $97,265 |
| December 31, 2023 | 990 | $284,722 | $237,876 | $46,846 | $169,915 | $3,796 | $166,119 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $213,403
- Program service revenue
- $29,354
- Investment income
- $0
- Net income from fundraising events
- -$30,570
- Other revenue
- -$30,570
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $42,375
- Other salaries and wages
- $53,210
- Salaries, compensation and benefits (total)
- $102,897
- Professional fundraising fees
- $0
- Accounting fees
- $7,000
- Occupancy
- $28,600
- Travel
- $2,197
- Depreciation
- $4,595
- Program services (functional)
- $193,217
- Management and general (functional)
- $57,254
- Fundraising (functional)
- $30,570
Balance sheet and other
- Total assets, start of year
- $169,915
- Total assets, end of year
- $99,489
- Total liabilities, end of year
- $2,224
- Net assets, end of year
- $97,265
- Land, buildings and equipment
- $31,130
- Net assets without donor restrictions
- $97,265
- Gross receipts
- $242,757
- Employees
- 3
- Volunteers
- 1
- Year formed
- 2017
- 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 |
|---|---|---|---|
| VICTORIA SCHRONCE | FOUNDATION DIRECTOR Trustee or director | 40 | $42,375 |
| CHAD HALL | PRESIDENT/DIRECTOR Trustee or director, Officer | 5 | $0 |
| T BRUCE SCHRONCE | VP & SECRETARY Trustee or director, Officer | 5 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VICTORIA SCHRONCE | FOUNDATION DIRECTOR Trustee or director | 40 | $48,860 |
| CHAD HALL | PRESIDENT/DIRECTOR Trustee or director, Officer | 5 | $0 |
| T BRUCE SCHRONCE | VP & SECRETARY Trustee or director, Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 2070 2ND STREET DR NW, HICKORY, NC 28601-1204
- In care of
- % CHAD HALL
- Mailing address (990-N for 2017)
- 2070 2nd Street Drive NW, Hickory NC 28601
- Principal officer (990 for 2024)
- CHAD HALL, 407 2ND STREET NW, HICKORY, NC 28601
- Principal officer (990-N for 2017)
- Chad Hall, 2070 2nd Street Drive Nw, Hickory NC 28601
- Signed the 990
- CHAD HALL, PRESIDENT
- Phone
- (828) 855-2080
- Website
- www.catawbaleadership.org
- Return prepared by
- LAWING MATTHEWS & COMPANY PA
Mission
TO MAKE LIFE BETTER FOR EVERY PERSON LIVING IN THE CATAWBA VALLEY BY DEVELOPING, SUPPORTING, AND CULTIVATING STRONG LEADERSHIP THROUGHOUT OUR COMMUNITY.
Program accomplishments
- NON-PROFIT LEADERSHIP DEVELOPMENT-PROVIDE EXECUTIVE COACHING AND ORGANIZATIONAL DEVELOPMENT SERVICES TO AREA NON-PROFITS IN ORDER TO ENHANCE THE OVERALL EFFECTIVENESS OF THOSE ORGANIZATIONS.Expenses $90,041 · revenue $6,227
- STRONG STUDENT LEADER-PARTNERSHIP WITH NEWTON-CONOVER SCHOOLS, INVESTING IN THE LIVES OF 20 HIGH SCHOOL STUDENTS TO HELP THEM CLARIFY THEIR IDENTITY, DISCOVER THEIR STRENGTHS AND SET THEMSELVES UP FOR FUTURE SUCCESS AS THEY PREPARE FOR LIFE BEYOND HIGH SCHOOL.Expenses $81,992 · revenue $72,000
- ANNUAL LEADERSHIP CONFERENCE-HOST AN ANNUAL LEADERSHIP CONFERENCE IN ORDER TO INCREASE AWARENESS OF THE NEED FOR STRONG LEADERSHIP IN OUR COMMUNITY AND TO STRENGTHEN THE LEADERSHIP IMPACT OF ATTENDEES.Expenses $21,184 · revenue $29,354
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
- 82-3066670
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W70)
- Assets (IRS master file)
- $99,489
- Income (IRS master file)
- $242,757
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $212,187 | $281,041 | $99,489 | XML |
| 990 | December 2023 | $284,722 | $237,876 | $169,915 | XML |
| 990 | December 2022 | $233,319 | $170,107 | $120,652 | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2017 Officer: Chad Hall | December 31, 2017 | ≤ $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 82-3066670).
Questions about CATAWBA VALLEY LEADERSHIP FOUNDATION
- What is the EIN of CATAWBA VALLEY LEADERSHIP FOUNDATION?
- The employer identification number (EIN) of CATAWBA VALLEY LEADERSHIP FOUNDATION is 82-3066670.
- Is CATAWBA VALLEY LEADERSHIP FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to CATAWBA VALLEY LEADERSHIP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CATAWBA VALLEY LEADERSHIP 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 CATAWBA VALLEY LEADERSHIP 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 CATAWBA VALLEY LEADERSHIP 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 CATAWBA VALLEY LEADERSHIP FOUNDATION?
- The 990 for the year ended December 31, 2024 names CHAD HALL.
- Who are the officers and directors of CATAWBA VALLEY LEADERSHIP FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $42,375 (VICTORIA SCHRONCE, FOUNDATION DIRECTOR).
- How much revenue does CATAWBA VALLEY LEADERSHIP FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $212,187, expenses of $281,041 and total assets of $99,489 at year end.
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