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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Curtis C Brewer IV Co-President | OfficerTrustee | 1 | $0 |
Amanda Ramseur Co-President | OfficerTrustee | 1 | $0 |
Kacey Ragsdale Secretary | OfficerTrustee | 1 | $0 |
Gordon Brown Treasurer | OfficerTrustee | 1 | $0 |
Audrey Black Director | Trustee | 1 | $0 |
John Cella Jr Director | Trustee | 1 | $0 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $49,055 |
Grants and other assistance to domestic individuals. | $16,893 |
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 | $0 |
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 | $14,616 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $212 |
Information technology | $2,275 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
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 | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $83,051 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $42,633 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $847,246 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $889,879 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $0 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $889,879 |
Total liabilities and net assets/fund balances | $889,879 |