North Carolina Association Of
- Assets
- $3.5m
- Revenue
- $12.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 07/1979
- Data as of
- 12/2022
- 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 12/2022, North Carolina Association Of generated $12.6m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $12.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 4 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
2022
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.
PROVIDE PROGRAMS AND SERVICES IN SUPPORT OF RURAL ELECTRICIFATION
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph P Brannan Evp And CEO | Officer | 6 | $0 |
Lark S James SVP And CFO | Officer | 6 | $0 |
Nelle Hotchkiss SVP And COO | Officer | 30 | $0 |
Charles E Bayless SVP General | Officer | 6 | $0 |
Michael Youth Assist. Sec. | Officer | 6 | $0 |
Timothy Dodge Assist. Sec. | Officer | 6 | $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 | $232,191 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $232,191 |
| Total Program Service Revenue | $12,399,866 |
| Investment income | $9,305 |
| 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 | $631 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,641,993 |
| 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 | $6,138,973 |
| 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 | $1,781,706 |
| Office expenses | $14,168 |
| Information technology | $17,981 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $144,655 |
| 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 | $17,264 |
| Insurance | $80,333 |
| All other expenses | $74,036 |
| Total functional expenses | $12,334,532 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,870,771 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,398,492 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $105,059 |
| Net Land, buildings, and equipment | $153,683 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,343 |
| Total assets | $3,534,348 |
| Accounts payable and accrued expenses | $362,580 |
| Grants payable | $0 |
| Deferred revenue | $98,612 |
| 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 | $461,192 |
| 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 | $3,072,506 |
| Total liabilities and net assets/fund balances | $3,534,348 |