CITY OF OAKS FOUNDATION INC

EIN: 274467111 501(c)(3) Environment

RALEIGH, NC

Total Revenue
$310,031
Total Expenses
$151,440
Total Assets
$110,066,933
Net Assets
$110,064,161
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
NC
Principal Officer
LAURA HEREDIA
Phone
9198013407
Tax Period
2024-07-01 to 2025-06-30

CITY OF OAKS FOUNDATION INC, founded in 2010, is a small nonprofit in the Environment sector that reported $310K in total revenue in fiscal year 2024. Revenue fell 100% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $159K, a strong 51% operating margin.

Mission

TO AQUIRE DONATIONS OF CONERVATION LAND IN AN EFFORT TO COMPLEMENT THE AREA'S PARKS, NATURE PRESERVES AND GREENWAYS. IN ADDITION, THE FOUNDATION ENCOURAGES CHILDREN TO GET INVOLVED IN PARKS AND RECREATION PROGRAMS BY REMOVING COST AS A BARRIER FOR PARTICIPATION.

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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 $118,925
Program Service Revenue $94,107
Investment Income $96,624
Other Revenue $375
TOTAL REVENUE $310,031

Expense Breakdown

Grants Paid $15,150
Salaries & Benefits $63,356
Fundraising Expenses $10,775
Program Expenses $105,200
Other Expenses $72,934
TOTAL EXPENSES $151,440

Year-over-Year Comparison

2024 2023 Change
Revenue $310,031 $105,214,776 -1.0%
Expenses $151,440 $288,902 -0.5%
Net Income $158,591 $104,925,874 -1.0%
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

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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
1
Volunteers
11

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
5
$96,306
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANKLIN ROBERTS CHAIR 3.00
Officer Director
$0 $0 $0
CHARLOTTE JONES-ROE VICE CHAIR 1.00
Officer Director
$0 $0 $0
DEANTONY COLLINS SECRETARY 3.00
Officer Director
$0 $0 $0
KEVIN M BRICE TREASURER 3.00
Officer Director
$0 $0 $0
YVONNE LEWIS HOLLEY TRUSTEE 1.00
Director
$0 $0 $0
SHERRON LEIGH TRUSTEE 1.00
Director
$0 $0 $0
ANTOINE MARSHALL TRUSTEE 1.00
Director
$0 $0 $0
GRAYSON MAUGHAN TRUSTEE 1.00
Director
$0 $0 $0
DEJA SMITH TRUSTEE 1.00
Director
$0 $0 $0
JESSICA TISDALE TRUSTEE 1.00
Director
$0 $0 $0
NELL JOSLIN TRUSTEE 3.00
Director
$0 $0 $0
CHRIS HEAGARTY EXECUTIVE DIRECTOR TO 01/2025 40.00
Officer
$96,306 $0 $96,306
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 $310,031 $151,440 $110,066,933 $158,591
2024 $105,214,776 $288,902 $109,827,233 $104,925,874
2023 $247,681 $262,009 $4,897,009 $-14,328
2022 $585,686 $1,453,758 $4,710,100 $-868,072
2021 $260,610 $240,856 $5,906,240 $19,754
2020 $178,344 $231,957 $5,672,782 $-53,613
2019 $219,053 $219,373 $5,686,450 $-320
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