Nonprofit · EIN 85-3563370
NEW HANOVER COMMUNITY ENDOWMENT INC
Tax-exempt · WILMINGTON, NC 28406
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $111,652,777 | $73,806,669 | $37,846,108 | $1,548,109,603 | $53,826 | $1,548,055,777 |
| December 31, 2023 | 990 | $72,912,305 | $4,800,269 | $68,112,036 | $1,408,948,388 | $24,261 | $1,408,924,127 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $25,000,000
- of which government grants
- $25,000,000
- Program service revenue
- $0
- Investment income
- $86,652,777
- Net gain from sales of assets
- $47,917,226
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $60,745,645
- Compensation of officers, directors and key employees
- $980,345
- Other salaries and wages
- $746,211
- Salaries, compensation and benefits (total)
- $1,944,120
- Professional fundraising fees
- $0
- Legal fees
- $89,338
- Accounting fees
- $69,361
- Occupancy
- $176,721
- Travel
- $12,211
- Program services (functional)
- $62,848,136
- Management and general (functional)
- $10,958,533
Balance sheet and other
- Total assets, start of year
- $1,408,948,388
- Total assets, end of year
- $1,548,109,603
- Total liabilities, end of year
- $53,826
- Net assets, end of year
- $1,548,055,777
- Publicly traded securities
- $1,485,642,067
- Net assets with donor restrictions
- $1,548,055,777
- Gross unrelated business income
- $140,072
- Gross receipts
- $159,378,376
- Employees
- 13
- Volunteers
- 18
- Year formed
- 2020
- 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 | Other / benefits |
|---|---|---|---|---|
| William Buster | President (until 02/28/24) Officer | 40 | $386,134 | $14,452 |
| Lakesha McDay | Vice President (until 10/15/24) Officer | 40 | $222,250 | $33,238 |
| Joel Beeson | Treasurer Officer | 40 | $210,819 | $24,199 |
| Emily Page | Director of Learning Highest-paid employee | 40 | $148,188 | $22,883 |
| Leigh Quarles | Network Officer Highest-paid employee | 40 | $120,280 | $23,008 |
| Terri Burhans | Network Officer Highest-paid employee | 40 | $119,425 | $16,537 |
| Henry Maurer | Director of Communications Highest-paid employee | 40 | $104,600 | $30,047 |
| Dan Winslow | President Officer | 40 | $81,375 | $7,877 |
| Spence Broadhurst | Director/Assistant Treasurer Trustee or director, Officer | 8 | $0 | $0 |
| Edel Segovia | Director/Secretary Trustee or director, Officer | 8 | $0 | $0 |
| Khadijia Tribie Reid | Director/Assistant Secretary Trustee or director, Officer | 8 | $0 | $0 |
| Bill Cameron | Board Chair/Interim President Trustee or director, Officer | 8 | $0 | $0 |
| Shannon Winslow | Director/Vice Chair Trustee or director, Officer | 8 | $0 | $0 |
| Jack Barto | Director Trustee or director | 8 | $0 | $0 |
| Bill Blair | Director Trustee or director | 8 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Chris Boney | Director Trustee or director | 8 | $0 |
| Cedric Dickerson | Director Trustee or director | 8 | $0 |
| Michele Holbrook | Director (until 05/21/24) Trustee or director | 8 | $0 |
| Patricia Kusek | Director (until 03/01/24) Trustee or director | 8 | $0 |
| Pat Maguire | Director Trustee or director | 8 | $0 |
| Mary Lyons Rouse | Director Trustee or director | 8 | $0 |
| David Sprunt | Director Trustee or director | 8 | $0 |
| Stedman Stevens | Director (until 09/30/24) Trustee or director | 8 | $0 |
| Woody White | Director Trustee or director | 8 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| William Buster | President Officer | 40 | $406,850 | $25,079 |
| Lakesha McDay | Vice President Officer | 40 | $251,675 | $22,469 |
| Joel Beeson | Treasurer Officer | 40 | $202,021 | $14,376 |
| Spence Broadhurst | Director/Assistant Treasurer Trustee or director, Officer | 8 | $0 | $0 |
| Hannah Gage | Director/Secretary (until 09/30/23) Trustee or director, Officer | 8 | $0 | $0 |
| Bill Cameron | Director/Board Chair Trustee or director, Officer | 8 | $0 | $0 |
| Edel Segovia | Director/Vice Chair/Asst. Secretary Trustee or director, Officer | 8 | $0 | $0 |
| Virginia Adams | Director (until 09/30/23) Trustee or director | 8 | $0 | $0 |
| Chris Boney | Director Trustee or director | 8 | $0 | $0 |
| Cedric Dickerson | Director Trustee or director | 8 | $0 | $0 |
| Michele Holbrook | Director Trustee or director | 8 | $0 | $0 |
| Patricia Kusek | Director Trustee or director | 8 | $0 | $0 |
| Pat Maguire | Director Trustee or director | 8 | $0 | $0 |
| Khadijia Tribie Reid | Director Trustee or director | 8 | $0 | $0 |
| David Sprunt | Director Trustee or director | 8 | $0 | $0 |
| Stedman Stevens | Director Trustee or director | 8 | $0 | $0 |
| Woody White | Director Trustee or director | 8 | $0 | $0 |
| Shannon Winslow | Director Trustee or director | 8 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 4730, WILMINGTON, NC 28406-1730
- In care of
- % SHANNON WINSLOW
- Principal officer (990 for 2024)
- Shannon Winslow, PO Box 4730, Wilmington, NC 284061730
- Signed the 990
- Shannon Winslow, Board Chair
- Phone
- (910) 756-5990
- Website
- www.theendowment.org
- Return prepared by
- RSM US LLP
Mission
To improve the health, education, safety, and economic opportunity of every person in our community.
Program accomplishments
- Providing financial support to benefit the residents of New Hanover County and region. New Hanover Community Endowment, Inc. focuses on (1) public primary, secondary, and post-secondary education, (2) health and social equity, (3) community development, and (4) community safety in furtherance of the mission and initiatives of New Hanover County.Expenses $62,848,136 · grants $60,745,645
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
- 85-3563370
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $1,548,109,603
- Income (IRS master file)
- $159,378,376
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $111,652,777 | $73,806,669 | $1,548,109,603 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $72,912,305 | $4,800,269 | $1,408,948,388 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | -$36,712,168 | $10,626,455 | $1,208,160,901 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | 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 85-3563370).
Questions about NEW HANOVER COMMUNITY ENDOWMENT INC
- What is the EIN of NEW HANOVER COMMUNITY ENDOWMENT INC?
- The employer identification number (EIN) of NEW HANOVER COMMUNITY ENDOWMENT INC is 85-3563370.
- Is NEW HANOVER COMMUNITY ENDOWMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to NEW HANOVER COMMUNITY ENDOWMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW HANOVER COMMUNITY ENDOWMENT 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 NEW HANOVER COMMUNITY ENDOWMENT INC 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 NEW HANOVER COMMUNITY ENDOWMENT INC 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 NEW HANOVER COMMUNITY ENDOWMENT INC?
- The 990 for the year ended December 31, 2024 names Shannon Winslow.
- Who are the officers and directors of NEW HANOVER COMMUNITY ENDOWMENT INC?
- The 990 for the year ended December 31, 2024 lists 24 people; 8 received compensation from the organization, the highest $386,134 (William Buster, President (until 02/28/24)).
- How much revenue does NEW HANOVER COMMUNITY ENDOWMENT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $111,652,777, expenses of $73,806,669 and total assets of $1,548,109,603 at year end.
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All nonprofits in WILMINGTON · North Carolina · Philanthropy, voluntarism and grantmaking foundations