North Carolina National Guard Assn
- Assets
- $4.3m
- Revenue
- $484.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Raleigh, NC
- Founding
- 09/1961
- Data as of
- 06/2022
- EIN
- 56-6023026
Organization Overview
North Carolina National Guard Assn is located in Raleigh, NC. The organization was established in 1961. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2022, North Carolina National Guard Assn employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina National Guard Assn is a 501(c)(19) and as such, is described as a "Post or Organization of Past or Present Members of the Armed Forces" by the IRS.
For the year ending 06/2022, North Carolina National Guard Assn generated $484.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.5%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. 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 PROMOTE AND SUPPORT ADEQUATE STATE AND NATIONAL SECURITY UNDER THE PROVISIONS OF THE CONSTITUTION OF THE UNITED STATES
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTING INSURANCE PROGRAM FOR PROVIDING LIFE INSURANCE BENEFITS TO MEMBERS AND THEIR DEPENDENTS IN RETURN FOR PREMIUMS RECEIVED AS ALLOWED FOR IN 501(C)(19) VETERANS ORGANIZATIONS
CARRYING OUT CHARITABLE & SOCIAL WELFARE ACTIVITIES AS DEFINED IN IRC SECTION 170(C)(4) IN THE NATURE OF RELIGIOUS, EDUCATION AND YOUTH ACTIVITIES, AND PROGRAMS OF A PATRIOTIC AND NATIONAL INTEREST
CHARITABLE DONATIONS/GRANTS & EXPENSES RELATED TO THE PROVISION OF INSURANCE BENEFITS TO MILITARY MEMBERS, AND PROMOTION OF PATRIOTISM AND A STRONG NATIONAL DEFENSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry D Coleman Secretary (n | OfficerTrustee | $0 | |
Gregory Gebhardt Board Member | OfficerTrustee | $0 | |
Chelsea Martinez Treasurer (n | OfficerTrustee | $0 | |
James Mckee V President( | OfficerTrustee | $0 | |
Leo S Schnack President (n | OfficerTrustee | $0 | |
Bethany Barden Board Member | Trustee | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $952,263 |
| Investment income | -$549,215 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$9,127 |
| Net Gain/Loss on Asset Sales | $75,529 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $484,602 |
| 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 | $643,906 |
| 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 | $200,623 |
| Pension plan accruals and contributions | $10,388 |
| Other employee benefits | $34,007 |
| Payroll taxes | $15,716 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,412 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,234 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $27,046 |
| Information technology | $29,021 |
| Royalties | $0 |
| Occupancy | $26,087 |
| Travel | $17,247 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $115,931 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,463 |
| Insurance | $0 |
| All other expenses | $1,804 |
| Total functional expenses | $1,197,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $509,906 |
| 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 | $93,583 |
| Investments—publicly traded securities | $3,658,008 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,261,497 |
| Accounts payable and accrued expenses | $35,351 |
| 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 | $34,958 |
| Total liabilities | $70,309 |
| Net assets without donor restrictions | $4,191,188 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $4,261,497 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that North Carolina National Guard Assn has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Carolina Hurricanes Foundation Inc Raleigh, NC PURPOSE: to support local community & foster goodwill. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Air Force Aid Society Inc Arlington, VA | $262,482,165 | $46,086,376 |
The National Military Family Association Alexandria, VA | $8,448,648 | $9,411,080 |
United Service Organizations Inc Fort Myer, VA | $0 | $2,240,114 |
The Independence Fund Inc Charlotte, NC | $7,812,789 | $8,567,110 |
Marine Corps Association Quantico, VA | $17,818,262 | $7,455,788 |
Armed Services Mutual Benefit Association Goodlettsville, TN | $55,566,131 | $7,665,042 |
U S Naval Sea Cadet Corps Arlington, VA | $6,985,927 | $8,234,482 |
Women In Military Service For America Memorial Foundation Inc Arlington, VA | $11,722,569 | $5,876,595 |
Young Marines Of The Marine Corps League Dumfries, VA | $6,204,129 | $6,595,765 |
Coast Guard Mutual Assistance Incorporated Arlington, VA | $53,600,951 | $7,292,457 |
Navy League Of The United States National Headquarters Arlington, VA | $72,874,046 | $1,354,328 |
Team Red White & Blue Inc Atlanta, GA | $10,402,897 | $10,336,911 |