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Nonprofit · EIN 83-1319881

RALEIGH AREA LAND TRUST

Tax-exempt · RALEIGH, NC 27601

Financials

$712K$95K2023$1.3M$338K2024
Revenue Expenses · by fiscal year end
Financials of RALEIGH AREA LAND TRUST by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,304,359$338,251$966,108$2,523,541$200,766$2,322,775
December 31, 2023990$711,818$95,260$616,558$1,493,809$137,142$1,356,667
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,303,247
of which government grants
$525,000
Program service revenue
$0
Investment income
$762
Other revenue
$350

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$120,192
Salaries, compensation and benefits (total)
$129,701
Professional fundraising fees
$0
Travel
$3,459
Program services (functional)
$92,748
Management and general (functional)
$206,556
Fundraising (functional)
$38,947

Balance sheet and other

Total assets, start of year
$1,493,809
Total assets, end of year
$2,523,541
Total liabilities, end of year
$200,766
Net assets, end of year
$2,322,775
Net assets without donor restrictions
$1,352,765
Net assets with donor restrictions
$970,010
Gross receipts
$1,304,359
Employees
0
Volunteers
25
Year formed
2018
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.

NameTitleHours / weekCompensation
KEVIN CAMPBELLEXECUTIVE DIRECTOR
Officer
40$120,192
LOUISE MARTINPRESIDENT
Trustee or director, Officer
2$0
REV FRANK WHITEVICE PRESIDENT
Trustee or director, Officer
2$0
JENNIFER LAMPMANSECRETARY
Trustee or director, Officer
2$0
JANE QUINNTREASURER
Trustee or director, Officer
2$0
LEE NORRISDIRECTOR
Trustee or director
2$0
DR RASHEEDA MONROEDIRECTOR
Trustee or director
2$0
MATTHEW LEATHERMANDIRECTOR
Trustee or director
2$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
LEE NORRISDIRECTOR
Trustee or director
2$0
DR RASHEEDA MONROEDIRECTOR
Trustee or director
2$0
DR JOE STEVENSONDIRECTOR
Trustee or director
2$0
JEANNE TEDROWDIRECTOR
Trustee or director
2$0
KIA BAKERPRESIDENT
Trustee or director, Officer
2$0
LOUISE MARTINSECRETARY
Trustee or director, Officer
2$0
JENNIFER LAMPMANTREASURER START 12/23
Trustee or director, Officer
2$0
KEVIN CAMPBELLTREASURER THRU 12/23
Trustee or director, Officer
2$0
REV FRANK WHITEVICE PRESIDENT
Trustee or director, Officer
2$0

Address and contacts

Address (IRS master file)
311 NEW BERN AVENUE 28363, RALEIGH, NC 27601-1417
In care of
% RHETT FUSSELL
Principal officer (990 for 2024)
KEVIN CAMPBELL, 311 NEW BERN AVENUE 28363, RALEIGH, NC 27611
Signed the 990
KEVIN CAMPBELL, EXECUTIVE DIRECTOR
Phone
(919) 345-4406
990-N for 2020 filed under this EIN
Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: Rhett Fussell, 711 Hinsdale Street, Raleigh NC 27605. Mailing address: 711 Hinsdale Street, Raleigh NC 27605. Website: www.ralt.org
Return prepared by
MCCONNELL & JONES LLP

Mission

THE RALEIGH AREA LAND TRUST CREATES PERMANENTLY AFFORDABLEHOMEOWNERSHIP OPPORTUNITIES FOR FIRST-TIME HOMEBUYERS USING THECOMMUNITY LAND TRUST MODEL. INVESTMENTS PROTECT NEIGHBORHOODS FROM THEAFFORDABLE HOUSING CRISIS BY ENSURING WORKING FAMILIES CAN AFFORD TO BUY.

990 for the year ended December 31, 2024

Program accomplishments

  • CONTINUED SITE PREPARATION FOR COTTAGES OF IDLEWILD, AN 18-UNITAFFORDABLE HOUSING DEVELOPMENT AIMING TO PROVIDE HOME PURCHASE ANDRENTAL OPPORTUNITIES FOR LOW INCOME RESIDENTS (BELOW 80% AMI)
    Expenses $19,890 · revenue $425,000
  • EXPANDED HOMEOWNERSHIP PROGRAM TO SERVE 15 PROSPECTIVE HOMEBUYERS BYPROVIDING HOMEBUYER EDUCATION AND CONNECTIONS TO SUPPORT SERVICESINCLUDING FINANCIAL COUNSELING AND DOWN PAYMENT ASSISTANCE PROGRAMS
    Expenses $72,858
  • COMPLETED COMMUNITY OUTREACH TO 105 POTENTIAL HOMEBUYERS AND COMMUNITYRESIDENTS
  • SOLD TWO HOMES AT AN AFFORDABLE PRICE TO LOW-INCOME HOMEBUYERS ANDPRESERVED LAND IN COMMUNITY LAND TRUST FOR 99+ YEARSHOSTED A TWO-DAY VOLUNTEER EVENT TO PROVIDE LANDSCAPING AND PROPERTYUPGRADES TO TWO AFFORDABLE HOMES FOR FUTURE RESIDENTS

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
83-1319881
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
2019
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,523,541
Income (IRS master file)
$1,304,359

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,304,359$338,251$2,523,541XML
990December 2023$711,818$95,260$1,493,809XML
990December 2022$355,363$58,004$1,139,637IRS
990December 2021$372,145$4,873$367,272IRS
990-N for 2020
Officer: Rhett Fussell
Filed under this EIN, most likely by a chapter or affiliate
December 31, 2020≤ $50,000 receipts––e-Postcard
990-N for 2019
Officer: Rhett Fussell
Filed under this EIN, most likely by a chapter or affiliate
December 31, 2019≤ $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 83-1319881).

Questions about RALEIGH AREA LAND TRUST

What is the EIN of RALEIGH AREA LAND TRUST?
The employer identification number (EIN) of RALEIGH AREA LAND TRUST is 83-1319881.
Is RALEIGH AREA LAND TRUST tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
Are donations to RALEIGH AREA LAND TRUST tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does RALEIGH AREA LAND TRUST 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 AREA LAND TRUST 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 RALEIGH AREA LAND TRUST 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 RALEIGH AREA LAND TRUST?
The 990 for the year ended December 31, 2024 names KEVIN CAMPBELL.
Who are the officers and directors of RALEIGH AREA LAND TRUST?
The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $120,192 (KEVIN CAMPBELL, EXECUTIVE DIRECTOR).
How much revenue does RALEIGH AREA LAND TRUST have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,304,359, expenses of $338,251 and total assets of $2,523,541 at year end.

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