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New Hanover Community Endowment Inc

New Hanover Community Endowment Inc

Wilmington, NC, US
501(c)(3)
EIN
85-3563370
Regional Funder
funder logo

New Hanover Community Endowment Inc

Wilmington, NC, US
501(c)(3)
EIN
85-3563370
Regional Funder

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$111,652,777

Other
43%
Investments
35%
Government Grants
22%
Contributions
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024

$73,806,669

Grants
82%
Fees to Service Providers
14%
Salaries & Benefits
3%
Offices, Occupancy & IT
<1%
Other
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$37,500,000
$25,000,000
-33%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$33,620,793
$38,735,551
+15%
Other
$1,791,512
$47,917,226
+2575%
Total Revenues
$72,912,305
$111,652,777
+53%
Expenses
2023
2024
Change
Grants
$0
$60,745,645
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,442,925
$1,944,120
+35%
Fees to Service Providers
$2,974,350
$10,580,989
+256%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$270,901
$291,973
+8%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$112,093
$243,942
+118%
Total Expenses
$4,800,269
$73,806,669
+1438%
Net income
2023
2024
Change
Net income
+$68,112,036
+$37,846,108
-44%
Functional Expenses
Summary
2023
2024
Change
Program
$1,485,671
$62,848,136
+4130%
Admin
$3,314,598
$10,958,533
+231%
Fundraising
$0
$0
-
Total Expenses
$4,800,269
$73,806,669
+1438%
Income Statement
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