NATIONAL HUMANITIES CENTER

EIN: 591735367 501(c)(3) Arts, Culture & Humanities

RESEARCH TRIANGLE PARK, NC

Total Revenue
$9,563,292
Total Expenses
$6,916,360
Total Assets
$96,848,452
Net Assets
$96,041,926
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
NC
Principal Officer
JOSEPH SCHWARTZ
Phone
9194060121
Tax Period
2024-07-01 to 2025-06-30

NATIONAL HUMANITIES CENTER, founded in 1976, is a community nonprofit in the Arts, Culture & Humanities sector that reported $9.6M in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 28% operating margin.

Mission

THE NHC PROMOTES ADVANCED STUDY OF THE HUMANITIES THROUGH 3 PROGRAMS FELLOWSHIP, EDUCATION, AND PUBLIC ENGAGEMENT.

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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 $1,763,341
Program Service Revenue $421,843
Investment Income $7,376,039
Other Revenue $2,069
TOTAL REVENUE $9,563,292

Expense Breakdown

Grants Paid $1,770,494
Salaries & Benefits $3,250,906
Fundraising Expenses $494,117
Program Expenses $5,604,438
Other Expenses $1,894,960
TOTAL EXPENSES $6,916,360

Year-over-Year Comparison

2024 2023 Change
Revenue $9,563,292 $5,894,952 +0.6%
Expenses $6,916,360 $7,390,968 -0.1%
Net Income $2,646,932 $-1,496,016 -2.8%
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
30
Independent Members
29
Employees
37
Volunteers
30

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
7
$841,007
Total Directors
31
$687,775
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID BLACKBOURN TRUSTEE 0.50
Director
$0 $0 $0
DANIELA BLEICHMAR TRUSTEE 0.50
Director
$0 $0 $0
DENNIS M CAMPBELL TRUSTEE 0.50
Director
$0 $0 $0
WILLO CAREY TRUSTEE 0.50
Director
$0 $0 $0
WILLIAM D COHAN TRUSTEE 0.50
Director
$0 $0 $0
JOY CONNOLLY TRUSTEE 0.50
Director
$0 $0 $0
MARGO DRAKOS TRUSTEE 0.50
Director
$0 $0 $0
DAVID FOLKENFLIK TRUSTEE 0.50
Director
$0 $0 $0
PAMELA HENDRICKSON TRUSTEE 0.50
Director
$0 $0 $0
WILLIAM C JORDAN TRUSTEE 0.50
Director
$0 $0 $0
JANE O NEWMAN TRUSTEE 0.50
Director
$0 $0 $0
VINCENT E PRICE TRUSTEE 0.50
Director
$0 $0 $0
CAROL QUILLEN TRUSTEE 0.50
Director
$0 $0 $0
JAMES RHEE TRUSTEE 0.50
Director
$0 $0 $0
HARRIET RITVO TRUSTEE 0.50
Director
$0 $0 $0
PETER J ROGERS JR TRUSTEE 0.50
Director
$0 $0 $0
ANN WIERDA ROWLAND TRUSTEE 0.50
Director
$0 $0 $0
THOMAS J SCHERER TRUSTEE 0.50
Director
$0 $0 $0
LISA SCHROEDER TRUSTEE 0.50
Director
$0 $0 $0
JOHN SHERER TRUSTEE 0.50
Director
$0 $0 $0
JOAN HINDE STEWART TRUSTEE 0.50
Director
$0 $0 $0
HECTOR TOBAR TRUSTEE 0.50
Director
$0 $0 $0
BEN VINSON III TRUSTEE 0.50
Director
$0 $0 $0
RAYMOND J WIACEK TRUSTEE 0.50
Director
$0 $0 $0
YOLANDA Y WILSON TRUSTEE 0.50
Director
$0 $0 $0
MICHAEL WHITMORE TRUSTEE 0.50
Director
$0 $0 $0
KAREN R LAWRENCE SECRETARY 0.50
Officer Director
$0 $0 $0
VINCENT LOVOI TREASURER 0.50
Officer Director
$0 $0 $0
J PORTER DURHAM JR CHAIR/INTERIM PRESIDENT (FROM JUNE 2024) 0.50
Officer Director
$90,000 $0 $90,000
RISHI JAITLY INTERIM CHAIR 0.50
Officer Director
$0 $0 $0
ROBERT D NEWMAN DIRECTOR AND PRESIDENT (THRU JUNE 2024) 40.00
Officer Director
$509,237 $88,538 $597,775
JOSEPH SCHWARTZ CHIEF FINANCIAL OFFICER (FROM OCTOBER 2024) 40.00
Officer
$40,172 $4,423 $44,595
MARGO FRANCIS CHIEF FINANCIAL OFFICER (THRU MARCH 2024) 40.00
Officer
$99,556 $9,081 $108,637
JOEL ELLIOTT INFORMATION TECHNOLOGY COORDINATOR 40.00
Highest
$113,800 $14,885 $128,685
HEIDI CAMP VP OF INSTITUTIONAL ADVANCEMENT 40.00
Highest
$186,938 $61,555 $248,493
DONALD SOLOMON DIRECTOR OF COMMUNICATIONS 40.00
Highest
$100,798 $33,971 $134,769
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 $9,563,292 $6,916,360 $96,848,452 $2,646,932
2024 No data No data No data No data
2023 $5,879,492 $6,763,289 $84,734,350 $-883,797
2022 $12,139,201 $6,099,615 $81,630,091 $6,039,586
2021 $7,434,600 $5,415,870 $96,326,647 $2,018,730
2020 $2,981,958 $5,412,802 $78,095,893 $-2,430,844
2019 $-8,584,517 $5,819,818 $75,796,631 $-14,404,335
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