OUTER BANKS COMMUNITY FOUNDATION INC

EIN: 581516313 501(c)(3) Philanthropy & Grantmaking

MANTEO, NC

Total Revenue
$2,579,938
Total Expenses
$2,483,562
Total Assets
$27,679,487
Net Assets
$24,834,392
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
NC
Principal Officer
CHRISTOPHER SAWIN
Phone
2524233003
Tax Period
2024-01-01 to 2024-12-31

OUTER BANKS COMMUNITY FOUNDATION INC, founded in 1982, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.6M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $2.5M left a modest 4% surplus.

Mission

THE OUTER BANKS COMMUNITY FOUNDATION HELPS MEET LOCAL NEEDS ACROSS DARE COUNTY AND THE ENTIRE OUTER BANKS. WE MANAGE CHARITABLE FUNDS FOR INDIVIDUALS AND AGENCIES, AND WE TARGET GRANTS AND SCHOLARSHIPS TOWARD OUR COMMUNITYS MOST PRESSING NEEDS AND PROMISING OPPORTUNITIES.

Program Service Accomplishments

Program 1
Expenses: $2,158,439

OUTER BANKS COMMUNITY FOUNDATION IS A NORTH CAROLINA NON-PROFIT ORGANIZATION WHOSE PURPOSE IS TO HELP MEET THE LOCAL NEEDS ACROSS DARE COUNTY AND THE ENTIRE OUTER BANKS, SUPPORTING PROGRAMS FROM THE...

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OUTER BANKS COMMUNITY FOUNDATION IS A NORTH CAROLINA NON-PROFIT ORGANIZATION WHOSE PURPOSE IS TO HELP MEET THE LOCAL NEEDS ACROSS DARE COUNTY AND THE ENTIRE OUTER BANKS, SUPPORTING PROGRAMS FROM THE ARTS, EDUCATION, PUBLIC SAFETY, HEALTH AND HUMAN SERVICES, DISASTER RELIEF, HISTORIC PRESERVATION, ENVIRONMENT AND ANIMAL SERVICES. THE FOUNDATION ENCOURAGES CONTRIBUTIONS FOR THOSE NEEDS AS WELL AS MANAGES CHARITABLE FUNDS FOR INDIVIDUALS AND AGENCIES AND TARGETS GRANTS AND SCHOLARSHIPS TOWARD THE OUTER BANKS MOST PRESSING NEEDS. IN 2024, THE FOUNDATION AWARDED MORE THAN 1,500,000 IN GRANTS AND SCHOLARSHIPS TO DOZENS OF NONPROFITS AND 80 LOCAL STUDENTS. TO DATE, THE FOUNDATION HAS INVESTED OVER 16 MILLION INTO CHARITABLE CAUSES ON THE OUTER BANKS IN ITS FORTY-TWO YEAR HISTORY.

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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 $2,045,074
Program Service Revenue $0
Investment Income $534,864
Other Revenue $0
TOTAL REVENUE $2,579,938

Expense Breakdown

Grants Paid $1,981,753
Salaries & Benefits $284,337
Fundraising Expenses $205,003
Program Expenses $2,158,439
Other Expenses $217,472
TOTAL EXPENSES $2,483,562

Year-over-Year Comparison

2024 2023 Change
Revenue $2,579,938 $2,945,091 -0.1%
Expenses $2,483,562 $2,710,917 -0.1%
Net Income $96,376 $234,174 -0.6%
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
17
Independent Members
17
Employees
5
Volunteers
97

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
$114,949
Total Directors
18
$114,949
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER SAWIN PRESIDENT & 50.00
Officer Director
$99,981 $14,968 $114,949
JEAN-LOUISE DIXON CHAIR 10.00
Officer Director
$0 $0 $0
JASON WAUGHTEL VICE CHAIR 5.00
Officer Director
$0 $0 $0
PAT REGAN SECRETARY 5.00
Officer Director
$0 $0 $0
JEFF DOWDY TREASURER 5.00
Officer Director
$0 $0 $0
CATHY BALDWIN DIRECTOR 2.00
Director
$0 $0 $0
DAVID CLAWSON DIRECTOR 2.00
Director
$0 $0 $0
FRANK HESTER DIRECTOR 2.00
Director
$0 $0 $0
TESS JUDGE DIRECTOR 2.00
Director
$0 $0 $0
ROBIN MANN DIRECTOR 2.00
Director
$0 $0 $0
RAY MEIGGS DIRECTOR 2.00
Director
$0 $0 $0
CLAUDIA NEAL DIRECTOR 2.00
Director
$0 $0 $0
NOEL PRESTON DIRECTOR 2.00
Director
$0 $0 $0
BETTY SELBY DIRECTOR 2.00
Director
$0 $0 $0
RONNIE SLOAN DIRECTOR 2.00
Director
$0 $0 $0
SARAH SPENCER DIRECTOR 2.00
Director
$0 $0 $0
RUTH TOTH DIRECTOR 2.00
Director
$0 $0 $0
CHIP WALTON DIRECTOR 2.00
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 $2,579,938 $2,483,562 $27,679,487 $96,376
2023 $2,945,091 $2,710,917 $25,773,330 $234,174
2022 $2,158,972 $1,966,252 $22,456,255 $192,720
2021 $2,038,637 $1,318,558 $25,924,367 $720,079
2020 $2,638,965 $2,126,208 $22,335,559 $512,757
2019 $3,220,100 $1,542,501 $20,635,527 $1,677,599
2018 $1,392,253 $890,346 $16,261,199 $501,907
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