LGBT CENTER OF RALEIGH INC

EIN: 262998186 501(c)(3) Civil Rights & Advocacy

RALEIGH, NC

Total Revenue
$510,970
Total Expenses
$521,436
Total Assets
$1,480,681
Net Assets
$789,632
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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
NC
Principal Officer
KORI HENNESSEY
Phone
9198324484
Tax Period
2024-07-01 to 2025-06-30

LGBT CENTER OF RALEIGH INC, founded in 2008, is a small nonprofit in the Civil Rights & Advocacy sector that reported $511K in total revenue in fiscal year 2024.

Mission

TO SERVE, EMPOWER, AND ADVOCATE FOR THE WELL-BEING OF OUR DIVERSE LGBTQ+ COMMUNITIES. THE CENTER ENVISIONS AN INCLUSIVE WORLD WHERE LGBTQ+ PEOPLE ARE THRIVING, EQUAL, AND VALUED MEMBERS OF SOCIETY.

Program Service Accomplishments

Program 1
Expenses: $370,394 Revenue: $37,055

QUEER LIFE INITIATIVE: THE GOAL OF THIS PROGRAM IS TO CREATE OPPORTUNITIES FOR PEOPLE OF ALL AGES AND IDENTITIES TO FIND COMMUNITY, BUILD STRONG SUPPORT NETWORKS, SHARE RESOURCES, AND CHIP AWAY...

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QUEER LIFE INITIATIVE: THE GOAL OF THIS PROGRAM IS TO CREATE OPPORTUNITIES FOR PEOPLE OF ALL AGES AND IDENTITIES TO FIND COMMUNITY, BUILD STRONG SUPPORT NETWORKS, SHARE RESOURCES, AND CHIP AWAY BARRIERS THE LGBTQ+ COMMUNITY FACES WHEN ACCESSING CARE. HEALTHWORKS INITIATIVE: THIS PROGRAM BRINGS HEALTH AND WELLNESS RESOURCES AND SERVICES TOGETHER IN ONE PLACE WITH ITS LGBTQ+ COMMUNITY HEALTH FAIRS. THE FAIRS OFFER COVID-19 TESTING AND VACCINES, FLU VACCINES, HIV/STI TESTING SERVICES,FOOD RESOURCES, FREE HAIRCUTS, GENDER AFFIRMING CARE, MENTAL HEALTH CARE, AND MORE. THROUGH THESE, THIS PROGRAM HAS BEEN ABLE TO REACH HUNDREDS OF PEOPLE TO PROVIDE FOR THEIR SPECIFIC NEEDS. YOUTH AND FAMILY INITIATIVE: ASPYRE (A SAFER PLACE FOR YOUTH TO REACH FOR EXCELLENCE) LEADERSHIP CAMP HAS BEEN AN ACTIVITY OF THIS PROGRAM. THE COVID-19 PANDEMIC HAS CREATED A UNIQUE OPPORTUNITY TO ENGAGE WITH YOUTH THAT WOULD OTHERWISE NOT BE ABLE TO ATTEND THE CAMP. YOUNG ADULT COUNSELORS WORK TOGETHER TO BUILD A MEMORABLE DAY FOR THE YOUTH IN ATTENDANCE, WHICH HELPS THEM LEARN LEADERSHIP AND SELF-CARE SKILLS, THE IMPACT OF INTERSECTIONALITY WITHIN THE LGBTQ+ COMMUNITY, AND HOW TO MAKE CHANGE IN THEIR OWN ENVIRONMENTS. YOUTH AND FAMILY INITIATIVE ALSO HOLDS A YOUTH COFFEE HOUSE, A TWICE MONTHLY MEETING MEANT FOR MIDDLE AND HIGH SCHOOL AGED YOUTH TO MEET OUTSIDE OF AN LGBTQ+ SPECIFIC SPACE TO SOCIALIZE AND PLAY GAMES WITH PEERS. IN SUMMER MONTHS, THIS MEETING HAS BEEN KNOWN TO HOST UP TO TWENTY YOUTH AT EACH MEETING. TRANSGENDER INITIATIVE: THIS PROGRAM INCLUDES A NONBINARY DISCUSSION GROUP, WHICH IS A MONTHLY DISCUSSION BASED PROGRAM THAT OFFERS DIFFERENT CONVERSATION TOPICS OR SPEAKERS FOR NONBINARY OR QUESTIONING PEOPLE TO JOIN AND SHARE IDEAS. ON AVERAGE, NONBINARY DISCUSSION GROUP HAS FIFTEEN ATTENDEES EACH MONTH WITH AT LEAST A QUARTER TO HALF OF THOSE ATTENDEES NOT DUPLICATED. OLDER ADULT INITIATIVE: THE GOAL OF THIS PROGRAM IS TO HELP OLDER MEMBERS OF THE LGBTQ+ COMMUNITY FIND WAYS OF SOCIALIZING AND EXERCISING. IT ALSO PROVIDES WORKSHOPS FOR THE MEMBERS OF THE OLDER LGBTQ+ COMMUNITY GEARED TOWARD THEIR SPECIFIC NEEDS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $643,237
Program Service Revenue $12,354
Investment Income $22,636
Other Revenue $-167,257
TOTAL REVENUE $510,970

Expense Breakdown

Grants Paid $0
Salaries & Benefits $371,368
Fundraising Expenses $61,327
Program Expenses $370,394
Other Expenses $150,068
TOTAL EXPENSES $521,436

Year-over-Year Comparison

2024 2023 Change
Revenue $510,970 $528,973 0.0%
Expenses $521,436 $463,784 +0.1%
Net Income $-10,466 $65,189 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
7
Volunteers
50

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
$95,226
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHERINE CROFT CHAIR 3.00
Officer Director
$0 $0 $0
MORGAN YORK TREASURER 2.00
Officer Director
$0 $0 $0
BRIANNA LASSEN SECRETARY 2.00
Officer Director
$0 $0 $0
ANDREA ARNOLD BOARD MEMBER 1.00
Director
$0 $0 $0
HAROLD DAVIS III BOARD MEMBER 2.00
Director
$0 $0 $0
JOSE HARVEY BOARD MEMBER 2.00
Director
$0 $0 $0
MITCHELL MORAVEC BOARD MEMBER 2.00
Director
$0 $0 $0
SHARYN DAVIS BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE BURROUGHS BOARD MEMBER (THROUGH JULY 2024) 1.00
Director
$0 $0 $0
HUNTER MCNAIR BOARD MEMBER (THROUGH APRIL 2025 1.00
Director
$0 $0 $0
STAN KIMER BOARD MEMBER (THROUGH JULY 2024) 1.00
Director
$0 $0 $0
COLEMAN SIMONS BOARD MEMBER (THROUGH OCTOBER 2024) 1.00
Director
$0 $0 $0
KORI HENNESSEY EXECUTIVE DIRECTOR 40.00
Officer
$87,696 $7,530 $95,226
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 $510,970 $521,436 $1,480,681 $-10,466
2024 $528,973 $463,784 $1,008,875 $65,189
2023 $859,167 $476,733 $788,105 $382,434
2022 $630,973 $474,294 $489,872 $156,679
2021 $435,328 $594,231 $419,569 $-158,903
2020 $540,012 $533,527 $353,995 $6,485
2019 $543,928 $599,619 $312,729 $-55,691
2018 $549,246 $463,164 $387,315 $86,082
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