Carolina Leadership Coalition Inc
- Assets
- $173.5k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 1
- Location
- Raleigh, NC
- Founding
- Data as of
- 12/2022
- EIN
- 81-2595702
Organization Overview
Carolina Leadership Coalition Inc is located in Raleigh, NC. Carolina Leadership Coalition Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Carolina Leadership Coalition Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 8.4% per year over the past 3 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 ADVOCATE FOR POLICIES THAT PROMOTE ECONOMIC DEVELOPMENT AND IMPROVE EDUCATION, AND TO EDUCATE THE PUBLIC REGARDING POSITIVE BENEFITS OF LOWER TAXATION AND LIMITED GOVERNMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED A GRANT TO THE GOPAC EDUCATION FUND, AN IRC 501 (C)(4) ORGANIZATION, TO PROMOTE ITS RESEARCH AND OTHER EFFORTS TO PROMOTE POLICIES FOR STATE AND LOCAL GOVERNMENTS THAT LOWER TAXES, LIMIT THE SIZE OF GOVERNMENT, AND ESTABLISH A BUSINESS ENVIRONMENT THAT SUPPORTS JOB CREATION.
CONTRIBUTED TO A NATIONAL BUSINESS-RELATED ADVOCACY ORGANIZATION, GOPAC EDUCATION FUND, TO SUPPORT THEIR EFFORTS TO PROMOTE BUSINESS-FRIENDLY LEGISLATIVE POLICIES. PROGRAM EXPENSES WERE 50,000.
THE ORGANIZATION MADE A GRANT TO TAXPAYERS FOR HONEST ELECTIONS, AN IRC 501(C)(4) ORGANIZATION, TO SUPPORT ITS RESEARCH AND LOBBYING EFFORTS TO ADJUST EARLY VOTING SITES IN ALL NC COUNTIES AT LOCATIONS THAT, BASED ON RESEARCH, WOULD INCREASE EARLY VOTING PARTICIPATION.
THE ORGANIZATION SPONSORED AN ANNUAL CONFERENCE IN RALEIGH, WHICH INCLUDED LEGISLATORS, AND AT WHICH THE ORGANIZATION PRESENTED SURVEY RESULTS INDENTIFYING PUBLIC SUPPORT FOR SPECIFIC REFORMS IN EDUCATION, TAX POLICY AND VOTER REFORM. THE CONFERENCE OCCURRED IN DECEMBER, 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Luethy Executive Di | Officer | 0 | $67,500 |
Murchison B Biggs Secretary & | OfficerTrustee | $0 | |
Lindsey Griffin President & | OfficerTrustee | $0 | |
Jeffery B Turner Director | Trustee | $0 | |
D Victor Edwards Treasurer | Officer | $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 | $1,139,544 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,139,544 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,139,544 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $737,800 |
| 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. | $67,500 |
| Compensation of current officers, directors, key employees. | $67,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,098 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,067 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,532 |
| Fees for services: Accounting | $6,514 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $47,500 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $444,090 |
| Office expenses | $1,333 |
| Information technology | $18,405 |
| 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 | $9,050 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,378 |
| All other expenses | $1,889 |
| Total functional expenses | $1,376,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,486 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $173,486 |
| 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 | $173,486 |
| 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 | $173,486 |
Grants Awarded
Over the last fiscal year, Carolina Leadership Coalition Inc has awarded $737,800 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GOPAC EDUCATION FUND PURPOSE: SEE PART IV FOR DETL | $650,000 |
TAXPAYERS FOR HONEST ELECTIONS INC PURPOSE: SEE PART IV FOR DETL | $87,800 |