THE COMMUNITY FOUNDATION OF NC EAST INC

EIN: 562152669 501(c)(3) Philanthropy & Grantmaking

GREENVILLE, NC

Total Revenue
$7,283,080
Total Expenses
$6,237,632
Total Assets
$16,500,415
Net Assets
$16,445,542
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
NC
Principal Officer
MRS MELISSA SPAIN
Phone
2527568549
Tax Period
2023-01-01 to 2023-12-31

THE COMMUNITY FOUNDATION OF NC EAST INC, founded in 1999, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $7.3M in total revenue in fiscal year 2023. Revenue surged 87% from the prior year, signaling strong growth momentum. Expenses of $6.2M left a modest 14% surplus.

Mission

THE COMMUNITY FOUNDATION OF NC EAST PROMOTES, ENABLES, AND CELEBRATES PHILANTHROPHY IN EASTERNNORTH CAROLINA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,681,168
Program Service Revenue $0
Investment Income $407,196
Other Revenue $194,716
TOTAL REVENUE $7,283,080

Expense Breakdown

Grants Paid $3,378,709
Salaries & Benefits $237,899
Fundraising Expenses $0
Program Expenses $5,999,484
Other Expenses $2,621,024
TOTAL EXPENSES $6,237,632

Year-over-Year Comparison

2023 2022 Change
Revenue $7,283,080 $3,890,255 +0.9%
Expenses $6,237,632 $3,589,086 +0.7%
Net Income $1,045,448 $301,169 +2.5%
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
11
Independent Members
11
Employees
3
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
3
$0
Total Directors
11
$133,465
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MRS MELISSA SPAIN CEO 40.00
Director
$133,465 $0 $133,465
MR JAMES L LANIER DIRECTOR 1.00
Director
$0 $0 $0
MR WALTER BOLDEN TREASURER 2.00
Officer Director
$0 $0 $0
MR RANDY TOSMIC DIRECTOR 1.00
Director
$0 $0 $0
MS SIMMI PRASAD DIRECTOR 1.00
Director
$0 $0 $0
MR MICAH BALL SECRETARY 2.00
Officer Director
$0 $0 $0
DR MARY J RAAB DIRECTOR 1.00
Director
$0 $0 $0
MR BARBOUR STRICKLAND DIRECTOR 1.00
Director
$0 $0 $0
MR PJ CONNELLY JR DIRECTOR 1.00
Director
$0 $0 $0
DR JOHN BRAY DIRECTOR 1.00
Director
$0 $0 $0
DR FRANCIS G SERIO PRESIDENT 2.00
Officer 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
2024 No data No data No data No data
2023 $7,283,080 $6,237,632 $16,500,415 $1,045,448
2022 $3,890,255 $3,589,086 $14,267,102 $301,169
2021 $4,247,984 $2,247,998 $16,141,205 $1,999,986
2020 $3,206,698 $2,162,673 $13,709,416 $1,044,025
2019 $4,008,592 $2,460,492 $11,925,398 $1,548,100
2018 $2,377,480 $2,154,770 $9,376,595 $222,710
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