North Carolina Association Of
- Assets
- $3.3m
- Revenue
- $11.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 07/1979
- Data as of
- 12/2021
- EIN
- 56-1189186
Organization Overview
North Carolina Association Of is located in Raleigh, NC. The organization was established in 1979. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Association Of is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, North Carolina Association Of generated $11.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $11.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE PROGRAMS AND SERVICES IN SUPPORT OF RURAL ELECTRIFICATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAROLINA COUNTRY MAGAZINE - PROVIDED MONTHLY MAGAZINE, APPROXIMATELY 720,000 COPIES PER MONTH, TO CUSTOMERS OF MEMBER COOPERATIVES.
MEMBER SERVICES - CONDUCTED WORKSHOPS, TRAINING SESSIONS AND SPECIAL PROJECTS TO PROVIDE PERSONNEL OF MEMBER COOPERATIVES OPPORTUNITIES TO ENHANCE WORK SKILLS, JOB KNOWLEDGE AND PERFORMANCE. JOB AND SAFETY TRAINING - PROVIDED JOB AND SAFETY TRAINING FOR LINEMAN AND OTHER OPERATIONS PERSONNEL OF MEMBER COOPERATIVES. ALSO, PROVIDED PROGRAMS FOR YOUTH VOLUNTEERS, WOMEN'S GROUPS AND LOCAL CO-OP PERSONNEL TO STRENGTHEN THE ELECTRIC COOPERATIVE EFFORT IN NORTH CAROLINA.
PROVIDES ANALYTICAL AND OTHER ENERGY-RELATED SERVICES TO ELECTRIC COOPERATIVE MEMBERS.
PROVIDE PROGRAMS AND SERVICES IN SUPPORT OF RURAL ELECTRICIFATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Batchelor Vice Preside | OfficerTrustee | 2 | $0 |
Richard A Midgett Secretary-Tr | OfficerTrustee | 2 | $0 |
Suzy Morgan President | OfficerTrustee | 2 | $0 |
Joseph P Brannan Evp And CEO | Officer | 6 | $0 |
Lark S James SVP And CFO | Officer | 6 | $0 |
Nelle P Hotchkiss COO Ncaec | Officer | 34 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $242,002 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $242,002 |
| Total Program Service Revenue | $11,453,851 |
| Investment income | $653 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $26 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,696,532 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $5,983,710 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,670,961 |
| Office expenses | $14,115 |
| Information technology | $15,775 |
| Royalties | $0 |
| Occupancy | $6,327 |
| Travel | $97,024 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,942 |
| Insurance | $75,929 |
| All other expenses | $63,442 |
| Total functional expenses | $11,243,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,664,934 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,255,083 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,353 |
| Prepaid expenses and deferred charges | $173,821 |
| Net Land, buildings, and equipment | $156,927 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,343 |
| Total assets | $3,258,461 |
| Accounts payable and accrued expenses | $241,755 |
| Grants payable | $0 |
| Deferred revenue | $251,011 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $492,766 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $650 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,765,045 |
| Total liabilities and net assets/fund balances | $3,258,461 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that North Carolina Association Of has recieved totaling $17,200.
| Awarding Organization | Amount |
|---|---|
National Rural Utilities Cooperative Finance Corp Dulles, VA PURPOSE: EDUCATIONAL FUND-BRIGHT IDEAS EDUCATION GRANT PROGRAM | $17,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Srcco Inc Durham, NC | $42,497,453 | $49,465,239 |
Fs-Isac Inc Reston, VA | $27,418,346 | $31,957,295 |
National Association Of Convenience Stores Inc Alexandria, VA | $81,131,547 | $56,800,862 |
National Association Of State Boards Of Accountancy Inc Nashville, TN | $83,126,370 | $38,317,801 |
Air-Conditioning Heating And Refrigeration Institute Arlington, VA | $58,066,234 | $32,390,159 |
Southern Motor Carriers Association Inc Peachtree City, GA | $87,365,051 | $35,375,343 |
Unc Management Company Inc Chapel Hill, NC | $53,097,067 | $30,528,524 |
Go Rving Inc Reston, VA | $28,984,123 | $37,260,082 |
Serc Reliability Corporation Charlotte, NC | $16,241,101 | $25,718,150 |
National Milk Producers Federation Arlington, VA | $39,144,677 | $53,985,808 |
American Association Of Airport Executives Alexandria, VA | $31,151,300 | $20,490,750 |
National Electrical Manufacturers Association Rosslyn, VA | $26,880,642 | $22,525,604 |