NORTH CAROLINA LITERARY AND HISTORICAL ASSOCIATION

EIN: 560745888 501(c)(3)

RALEIGH, NC

Total Revenue
$306,171
Total Expenses
$157,132
Total Assets
$277,583
Net Assets
$277,583
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1900
Legal Domicile
NC
Principal Officer
Dr Darin Waters
Phone
9198077280
Tax Period
2024-07-01 to 2025-06-30

NORTH CAROLINA LITERARY AND HISTORICAL ASSOCIATION, founded in 1900, is a small nonprofit that reported $306K in total revenue in fiscal year 2024. Revenue surged 209% from the prior year, signaling strong growth momentum. The organization ran a surplus of $149K, a strong 49% operating margin.

Mission

TO PROMOTE THE LITERATURE AND HISTORY OF NORTH CAROLINA

Program Service Accomplishments

Program 1
Expenses: $29,095

TO PROMOTE BROAD AND VARIED ACTIVITY IN THE FIELD OF STATE AND LOCAL HISTORY

Program 2
Expenses: $14,548

TO FOSTER THE INTEREST OF PEOPLE IN THE LITERATURE AND HISTORY OF N.C.

Program 3
Expenses: $87,286

TO ENCOURAGE PRODUCTIVE LITERARY ACTIVITY WITHIN THE STATE

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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 $280,579
Program Service Revenue $17,463
Investment Income $8,129
Other Revenue $0
TOTAL REVENUE $306,171

Expense Breakdown

Grants Paid $10,141
Salaries & Benefits $7,200
Fundraising Expenses $0
Program Expenses $145,476
Other Expenses $139,791
TOTAL EXPENSES $157,132

Year-over-Year Comparison

2024 2023 Change
Revenue $306,171 $99,050 +2.1%
Expenses $157,132 $98,350 +0.6%
Net Income $149,039 $700 +211.9%
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
11
Independent Members
10
Employees
N/A
Volunteers
13

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
$7,200
Total Directors
11
$7,200
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARIE D'ALESSANDRO TREASURER 1.00
Officer Director
$7,200 $0 $7,200
DR DARIN WATERS SECRETARY 1.00
Officer
$0 $0 $0
DR JERRY GERSHENHORN PRESIDENT 1.00
Officer Director
$0 $0 $0
ERIC MEDLIN PRESIDENT-ELECT 1.00
Officer Director
$0 $0 $0
LORRAINE HALE ROBINSON MEMBER 0.50
Director
$0 $0 $0
OSCAR LEWIS MEMBER 0.50
Director
$0 $0 $0
DR JELANI M FAVORS MEMBER 0.50
Director
$0 $0 $0
SEJAL MEHTA MEMBER 0.50
Director
$0 $0 $0
CRYSTAL SIMONE SMITH MEMBER 0.50
Director
$0 $0 $0
HILARY GREEN MEMBER 0.50
Director
$0 $0 $0
KIRSTIN SQUINT MEMBER 0.50
Director
$0 $0 $0
MARJORIE HUDSON MEMBER 0.50
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
2025 $306,171 $157,132 $277,583 $149,039
2020 $110,628 $108,348 $92,571 $2,280
2019 $129,241 $127,594 $90,291 $1,647
2018 $148,420 $165,242 $89,859 $-16,822
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