THE LORD FOUNDATION OF NORTH CAROLINA

EIN: 561415423 501(c)(3)

DURHAM, NC

Total Revenue
$705,278
Total Expenses
$432,897
Total Assets
$22,216,024
Net Assets
$22,216,024
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
NC
Principal Officer
H KIRK UNRUH JR
Phone
9196842006
Tax Period
2021-07-01 to 2022-06-30

THE LORD FOUNDATION OF NORTH CAROLINA, founded in 1984, is a small nonprofit that reported $705K in total revenue in fiscal year 2021. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $272K, a strong 39% operating margin.

Mission

PROVIDE FINANCIAL ASSISTANCE TO DUKE UNIVERSITY FOR THE SUPPORT OF SELECTED RESEARCH, TEACHING, OR OTHER ACADEMIC PROGRAMS IN SELECT ENGINEERING FIELDS.

Program Service Accomplishments

Program 1
Expenses: $303,941

GRANTS TO DUKE UNIVERSITY TO SUPPORT RESEARCH IN THE FIELDS OF BIOMEDICAL ENGINEERING, ELECTRICAL ENGINEERING, MECHANICAL ENGINEERING, MATERIALS SCIENCE, CHEMISTRY, AND ENGINEERING INFRASTRUCTURE.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $705,278
Other Revenue $0
TOTAL REVENUE $705,278

Expense Breakdown

Grants Paid $303,941
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $303,941
Other Expenses $128,956
TOTAL EXPENSES $432,897

Year-over-Year Comparison

2021 2020 Change
Revenue $705,278 $641,441 +0.1%
Expenses $432,897 $19,081,851 -1.0%
Net Income $272,381 $-18,440,410 -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

Financial Distress Indicator

Liquidity & Cash Position

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

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Governance

Voting Members
7
Independent Members
4
Employees
N/A
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
5
$1,958,940
Total Directors
7
$1,889,509
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SALLY KORNBLUTH DIRECTOR/CHAIRMAN 0.10
Officer Director
$0 $47,263 $1,066,669
JUDGE ROBERT WINSTON CARR JR DIRECTOR/EXECUTIVE DIRECTOR 0.10
Officer Director
$0 $49,492 $333,208
FRED MCCORKLE DIRECTOR 0.10
Director
$0 $0 $0
PATRICK J FINNERAN JR DIRECTOR 0.10
Director
$0 $0 $0
MARTHA MONSERRATE DIRECTOR 0.10
Director
$0 $0 $0
H KIRK UNRUH JR DIRECTOR/PRESIDENT 0.10
Officer Director
$0 $0 $0
JEFFREY GLASS DIRECTOR 0.10
Director
$0 $57,874 $489,632
RAVI V BELLAMKONDA SECRETARY 0.10
Officer
$0 $41,811 $299,257
SUSAN L BONIFIELD TREASURER 0.10
Officer
$0 $33,642 $259,806
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
2022 $705,278 $432,897 $22,216,024 $272,381
2022 $17,835,699 $21,919,540 No data $-4,083,841
2021 $641,441 $19,081,851 $23,094,681 $-18,440,410
2020 $260,177,139 $266,633,115 $33,947,928 $-6,455,976
2019 $1,876,030 $1,537,932 $235,754,941 $338,098
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