JAMES SPRUNT FOUNDATION INC

EIN: 237405675 501(c)(3) Education

KENANSVILLE, NC

Total Revenue
$636,161
Total Expenses
$346,555
Total Assets
$3,102,657
Net Assets
$3,102,647
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
NC
Principal Officer
TAYLOR SANDLIN
Phone
9102756152
Tax Period
2024-07-01 to 2025-06-30

JAMES SPRUNT FOUNDATION INC, founded in 1973, is a small nonprofit in the Education sector that reported $636K in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $290K, a strong 46% operating margin.

Mission

TO PROMOTE THE DEVELOPMENT OF JAMES SPRUNT COMMUNITY COLLEGE AND ALL ITS PROGRAMS AND ACTIVITIES, AND THROUGH SUCH ACTION, EXPAND THE OPPORTUNITY FOR ACCESSIBLE QUALITY EDUCATION TO THE PEOPLE OF DUPLIN COUNTY AND SOUTHEASTERN NORTH CAROLINA.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $453,483
Program Service Revenue $0
Investment Income $130,382
Other Revenue $52,296
TOTAL REVENUE $636,161

Expense Breakdown

Grants Paid $252,503
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $267,797
Other Expenses $94,052
TOTAL EXPENSES $346,555

Year-over-Year Comparison

2024 2023 Change
Revenue $636,161 $420,647 +0.5%
Expenses $346,555 $180,985 +0.9%
Net Income $289,606 $239,662 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
16
Independent Members
15
Employees
N/A
Volunteers
23

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
4
$263,159
Total Directors
16
$115,509
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEAN BUTTS CHAIRPERSON 1.00
Officer Director
$0 $0 $0
CURT SIMPSON VICE CHAIR 1.00
Officer Director
$0 $0 $0
JACK ALPHIN MEMBER 1.00
Director
$0 $0 $0
RHONDA CAMPBELL MEMBER 1.00
Director
$0 $0 $0
HELEN C DOBSON MEMBER 1.00
Director
$0 $0 $0
ARMIN JANCIS MEMBER 1.00
Director
$0 $0 $0
KEN JONES MEMBER 1.00
Director
$0 $29,721 $115,509
MORRIS MURPHY MEMBER 1.00
Director
$0 $0 $0
HAYWOOD QUINN MEMBER 1.00
Director
$0 $0 $0
BRENDA ROBERTSON MEMBER 1.00
Director
$0 $0 $0
CARRIE SHIELDS MEMBER 1.00
Director
$0 $0 $0
KENNETH SMITH MEMBER 1.00
Director
$0 $0 $0
DAVID SUTTON MEMBER 1.00
Director
$0 $0 $0
JOHN WESTON MEMBER 1.00
Director
$0 $0 $0
EMILY WHALEY MEMBER 1.00
Director
$0 $0 $0
KATHRYN WRENN MEMBER 1.00
Director
$0 $0 $0
TAYLOR SANDLIN EXECUTIVE DIRECTOR 30.00
Officer
$0 $27,912 $109,100
JESSICA MCMAHON TREASURER 5.00
Officer
$0 $36,973 $154,059
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
2025 $636,161 $346,555 $3,102,657 $289,606
2024 $420,647 $180,985 $2,693,904 $239,662
2023 $201,356 $93,615 $2,294,267 $107,741
2022 $297,617 $77,429 $1,988,228 $220,188
2021 $249,882 $70,179 $2,188,451 $179,703
2020 $244,601 $224,842 $1,796,350 $19,759
2019 $139,221 $70,024 $1,767,961 $69,197
Explore More Nonprofits
Top 100 Nonprofits in North Carolina Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare JAMES SPRUNT FOUNDATION INC with other nonprofits in North Carolina and across the country.