THE NORTH CAROLINA FOUNDATION FOR CHRISTIAN MINIST

EIN: 202819050 501(c)(3) Religion

MOUNT OLIVE, NC

Total Revenue
$1,592,976
Total Expenses
$466,976
Total Assets
$9,759,696
Net Assets
$9,750,365
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
NC
Principal Officer
DON E LASSITER
Tax Period
2023-01-01 to 2023-12-31

THE NORTH CAROLINA FOUNDATION FOR CHRISTIAN MINIST, founded in 2005, is a community nonprofit in the Religion sector that reported $1.6M in total revenue in fiscal year 2023. The organization ran a surplus of $1.1M, a strong 71% operating margin.

Mission

TO FOSTER AND PROMOTE CHRISTIAN STEWARDSHIP AND FOR PROMOTING AND PROVIDING SUPPORT TO THE MINISTRIES IN NORTH CAROLINA AFFILIATED WITH OR CONSISTENT WITH THE CONVENTION OF ORIGINAL FREE WILL BAPTISTS AND OTHER CHARITABLE, EDUCATION, LITERARY, AND CHRISTIAN PURPOSES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $273,901
Program Service Revenue $0
Investment Income $-62,853
Other Revenue $1,381,928
TOTAL REVENUE $1,592,976

Expense Breakdown

Grants Paid $316,222
Salaries & Benefits $14,475
Fundraising Expenses $7,032
Program Expenses $411,903
Other Expenses $136,279
TOTAL EXPENSES $466,976

Year-over-Year Comparison

2023 2022 Change
Revenue $1,592,976 $-1,588,043 -2.0%
Expenses $466,976 $359,789 +0.3%
Net Income $1,126,000 $-1,947,832 -1.6%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
7
Employees
1
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✓ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
8
$13,486
Key Employees
1
$13,486
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICKY WARREN EXECUTIVE DIRECTOR 15.00
Director Key Emp
$12,917 $569 $13,486
JUDY H THAANUM BOARD MEMBER 1.00
Director
$0 $0 $0
DAN L TAYLOR JR BOARD MEMBER 1.00
Director
$0 $0 $0
DIANNE R GRAY BOARD MEMBER 1.00
Director
$0 $0 $0
JOSHUA HOBGOOD BOARD MEMBER 1.00
Director
$0 $0 $0
DON RIBEIRO SECRETARYTREASURER 2.00
Officer Director
$0 $0 $0
DON E LASSITER PRESIDENTCHAIRMAN 3.00
Officer Director
$0 $0 $0
CHARLES L MCLAWHORN JR VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,592,976 $466,976 $9,759,696 $1,126,000
2022 $-1,588,043 $359,789 $8,639,076 $-1,947,832
2021 $1,250,742 $308,906 $10,592,408 $941,836
2020 $1,742,824 $318,202 $9,656,072 $1,424,622
2019 $1,194,316 $360,425 $8,202,729 $833,891
2018 $-1,770 $268,985 $7,374,917 $-270,755
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