Needham B Broughton Capital Foundation

Organization Overview

Needham B Broughton Capital Foundation is located in Raleigh, NC. The organization was established in 2005. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Needham B Broughton Capital Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Needham B Broughton Capital Foundation generated $119.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $83.1k during the year ending 06/2022. While expenses have increased by 4.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE FUNDING FOR PROPOSALS AND PROGRAMS WHICH WILL ENRICH AND ENHANCE THE LIVES OF THE FACULTY AND STUDENTS AT BROUGHTON HIGH SCHOOL NOW AND IN THE FUTURE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION HELPED SUPPORT A COLLEGE COUNSELOR DURING THE 2021-2022 ACADEMIC SCHOOL YEAR.


THE REMAINDER OF PROGRAM SERVICE EXPENSES INCLUDE VARIOUS PROGRAMS AND RESOURCES TO ENRICH AND ENHANCE THE LIVES OF THE FACULTY AND STUDENTS AT BROUGHTON HIGH SCHOOL, INCLUDING LEADERSHIP RETREATS, TEACHING EXCELLENCE AWARDS, TEACHER OF THE YEAR AWARDS, AND ASSISTANCE TO THE BROUGHTON HIGH SCHOOL DANCE BOOSTER CLUB.


WEBASSIGN IS A FLEXIBLE AND CUSTOMIZABLE ONLINE INSTRUCTIONAL PROGRAM ORIGINALLY DEVELOPED BY NORTH CAROLINA STATE UNIVERSITY, WHICH ALLOWS TEACHERS TO CREATE ASSIGNMENTS AND TESTS FOR STUDENTS ONLINE. THE STUDENTS ENTER THEIR ANSWERS ONLINE AND THE PROGRAM GRADES THE ASSIGNMENT AUTOMATICALLY. THE FOUNDATION PAID 5,000 TOWARDS BROUGHTON HIGH SCHOOL'S WEBASSIGN LICENSE FOR THE CURRENT SCHOOL YEAR.


THE FOUNDATION FUNDED MULTIPLE LEARNING RESOURCES AND SOFTWARE ITEMS FOR USE BY BROUGHTON HIGH SCHOOL DURING THE CURRENT ACADEMIC SCHOOL YEAR INCLUDING JSTOR AND AN ONLINE LIBRARY DATABASE.


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Board, Officers & Key Employees

Name (title)Compensation
Curtis C Brewer IV
Co-President
$0
Amanda Ramseur
Co-President
$0
Kacey Ragsdale
Secretary
$0
Gordon Brown
Treasurer
$0
Audrey Black
Director
$0
John Cella Jr
Director
$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$12,816
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$12,816
Total Program Service Revenue$0
Investment income $30,005
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $76,946
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $119,767

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