HBA OF DURHAM ORANGE & CHATHAM COUNTIES FOUNDATION INC

EIN: 562074868 501(c)(3) Education

DURHAM, NC

Total Revenue
$103,011
Total Expenses
$81,719
Total Assets
$462,652
Net Assets
$425,777
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
NC
Principal Officer
HOLLY FRACCARO
Phone
9194938899
Tax Period
2025-01-01 to 2025-12-31

HBA OF DURHAM ORANGE & CHATHAM COUNTIES FOUNDATION INC, founded in 1997, is a small nonprofit in the Education sector that reported $103K in total revenue in fiscal year 2025. Revenue fell 64% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $21K, a strong 21% operating margin.

Mission

THE HBA OF DURHAM, ORANGE AND CHATHAM COUNTIES FOUNDATION'S MISSION IS TO FOSTER CAREERS IN THE SKILLED TRADES BY PROVIDING EDUCATIONAL SCHOLARSHIPS AND WORKFORCE OPPORTUNITIES TO INDIVIDUALS INTERESTED IN A CAREER IN HOME BUILDING.

Program Service Accomplishments

Program 1
Expenses: $32,085

SUMMER CAREERS ACADEMY: 2025 WAS ANOTHER GREAT YEAR. WE GRADUATED 17 STUDENTS REPRESENTING THE FOLLOWING INDUSTRY SECTORS: HVAC, PLUMBING, ELECTRICAL, DESIGN/BUILD, FACILITIES MAINTENANCE AND...

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SUMMER CAREERS ACADEMY: 2025 WAS ANOTHER GREAT YEAR. WE GRADUATED 17 STUDENTS REPRESENTING THE FOLLOWING INDUSTRY SECTORS: HVAC, PLUMBING, ELECTRICAL, DESIGN/BUILD, FACILITIES MAINTENANCE AND GRADING.SCHOLARSHIPS: WE AWARDED 13 SCHOLARSHIPS IN 2025 ($1000/EA). SCHOLARSHIP ARE AWARDED TO HIGH SCHOOL SENIORS PURSUING A DEGREE IN THE CONSTRUCTION INDUSTRY.GRANITE CHARTER ACADEMY: WE CONTINUE TO WORK ON OUR CHARTER SCHOOL WHICH WAS UNANIMOUSLY APPROVED IN 2024.CASINO NIGHT FUNDRAISER: RAISED $80,000 IN SUPPORT OF ALL OF OUR WORKFORCE DEVELOPMENT PROGRAMS (SCHOLARSHIPS, SUMMER CAREERS ACADEMY & GRANITE CHARTER ACADEMY).

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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 (2025)

Revenue Breakdown

Contributions & Grants $43,520
Program Service Revenue $0
Investment Income $6,993
Other Revenue $52,498
TOTAL REVENUE $103,011

Expense Breakdown

Grants Paid $11,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $32,085
Other Expenses $70,719
TOTAL EXPENSES $81,719

Year-over-Year Comparison

2025 2024 Change
Revenue $103,011 $286,753 -0.6%
Expenses $81,719 $145,223 -0.4%
Net Income $21,292 $141,530 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

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
2
$175,299
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MITCH BARRON PRESIDENT 1.50
Officer Director
$0 $0 $0
LEE BOWMAN DIRECTOR 1.00
Director
$0 $0 $0
KEN COMBS DIRECTOR 1.00
Director
$0 $0 $0
RANDALL LANOU DIRECTOR 1.00
Director
$0 $0 $0
NICOLE MORRISON DIRECTOR 1.00
Director
$0 $0 $0
PETER THORN DIRECTOR 1.00
Director
$0 $0 $0
HOLLY FRACCARO EXECUTIVE DIRECTOR 10.00
Officer
$0 $22,242 $175,299
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 $103,011 $81,719 $462,652 $21,292
2024 $286,753 $145,223 $441,360 $141,530
2023 $273,124 $124,802 $304,814 $148,322
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