New Hanover Community Endowment Inc
85% goes to programs $0 to raise $100 Strong reserves Declining revenue
New Hanover Community Endowment Inc is a 501(c)(3) organization based in Wilmington, North Carolina, registered in 2021, with $111,652,777 in FY2024 revenue. CharityIndex grades it A, and it directs about 85% of spending to programs.
Po Box 4730, Wilmington, NC, 28406 EIN 85-3563370 Since 2021
Revenue (FY2024)
$111.7M
▲ 53.1% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$73.8M
Net assets
$1.5B
Employees
13
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating85% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For New Hanover Community Endowment Inc: 85% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating252 mo reserves · +34% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For New Hanover Community Endowment Inc: 252 mo reserves · +34% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For New Hanover Community Endowment Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For New Hanover Community Endowment Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To improve the health, education, safety, and economic opportunity of every person in our community.
Contact & location
- Address
- Po Box 4730, Wilmington, NC, 28406
- City
- Wilmington
- State
- North Carolina
- Subcategory
- Public Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $1.3B (FY2021) to $111.7M (FY2024) across 4 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $54KNet assets $1.5B
Operating margin
33.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.5B
Total liabilities
$54K
Net assets
$1.5B
Salaries & benefits
$1.9M
3% of expenses
Board members
13
13 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $111,652,777▲53.1% | $73,806,669▲1438% | $1,548,055,777▲9.9% | $1,548,109,603▲9.9% | 990 |
| 2023 | $72,912,305▲299% | $4,800,269▼54.8% | $1,408,924,127▲16.6% | $1,408,948,388▲16.6% | 990 |
| 2022 | -$36,712,168▼103% | $10,626,455▲1378% | $1,207,834,524▼8.2% | $1,208,160,901▼8.2% | 990 |
| 2021 | $1,315,589,286 | $718,896▲10123% | $1,315,756,843▲18711090% | $1,315,756,843▲1415179% | 990 |
| 2020 | — | $7,032 | -$7,032 | $92,968 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: William Buster — $386,134 (0.52% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| William Buster | President (until 02/28/24) | 40 | $386,134 |
| Lakesha Mcday | Vice President (until 10/15/24) | 40 | $222,250 |
| Joel Beeson | Treasurer | 40 | $210,819 |
| Emily Page | Director of Learning | 40 | $148,188 |
| Leigh Quarles | Network Officer | 40 | $120,280 |
| Terri Burhans | Network Officer | 40 | $119,425 |
| Henry Maurer | Director of Communications | 40 | $104,600 |
| Dan Winslow | President | 40 | $81,375 |
| Bill Blair | Director | 8 | — |
| Bill Cameron | Board Chair/interim President | 8 | — |
| Cedric Dickerson | Director | 8 | — |
| Chris Boney | Director | 8 | — |
| David Sprunt | Director | 8 | — |
| Edel Segovia | Director/secretary | 8 | — |
| Jack Barto | Director | 8 | — |
| Khadijia Tribie Reid | Director/assistant Secretary | 8 | — |
| Mary Lyons Rouse | Director | 8 | — |
| Michele Holbrook | Director (until 05/21/24) | 8 | — |
| Pat Maguire | Director | 8 | — |
| Patricia Kusek | Director (until 03/01/24) | 8 | — |
Top vendors & contractors (FY2021)
| Contractor | Services | Paid |
|---|---|---|
| Karl Stauber | Consulting Services | $168,750 |
| Boardwalk Consulting LLC | Consulting Services | $135,000 |
Grants made · $60.7M in FY2024
61 grants totaling $60.7M in FY2024 — showing the 15 largest. All grants made by New Hanover Community Endowment Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Cape Fear Community College Foundation Inc | General support for programs, operations, and other charitable purposes | $5,609,774 |
| New Hanover County Schools | General support for programs, operations, and other charitable purposes | $5,434,051 |
| Young Mens Christian Association of Southeastern North Carolina Inc | General support for programs, operations, and other charitable purposes | $5,275,458 |
| Shelter America Group | General support for programs, operations, and other charitable purposes | $4,700,000 |
| Collective Impact In New Hanover County Inc | General support for programs, operations, and other charitable purposes | $4,137,000 |
| Habitat For Humanity Internal Inc | General support for programs, operations, and other charitable purposes | $3,500,000 |
| New Helping Ordinary People Excel Community Development Corporation | General support for programs, operations, and other charitable purposes | $2,660,000 |
| University of North Carolina At Wilmington - College of Health & Human Serv | General support for programs, operations, and other charitable purposes | $2,525,000 |
| New Hanover County - Administration | General support for programs, operations, and other charitable purposes | $2,039,364 |
| New Hanover Community Health Center Inc | General support for programs, operations, and other charitable purposes | $2,000,000 |
| Boys & Girls Clubs of Southeastern | General support for programs, operations, and other charitable purposes | $1,653,200 |
| Wilmington Area Rebuilding Ministry Inc | General support for programs, operations, and other charitable purposes | $1,600,000 |
| New Hanover County District Attorney's Office | General support for programs, operations, and other charitable purposes | $1,429,472 |
| Communities In Schools of Cape Fear Inc | General support for programs, operations, and other charitable purposes | $1,396,381 |
| A Safe Place Inc | General support for programs, operations, and other charitable purposes | $1,200,000 |
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Compare New Hanover Community Endowment Inc
Frequently asked questions
- Is New Hanover Community Endowment Inc a legitimate nonprofit?
- Yes. New Hanover Community Endowment Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 85-3563370, based in Wilmington, North Carolina. Donations are tax-deductible.
- What is New Hanover Community Endowment Inc's EIN?
- New Hanover Community Endowment Inc's Employer Identification Number (EIN) is 85-3563370.
- How much revenue does New Hanover Community Endowment Inc report?
- New Hanover Community Endowment Inc reported $111,652,777 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of New Hanover Community Endowment Inc's spending goes to programs?
- New Hanover Community Endowment Inc spends about 85% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does New Hanover Community Endowment Inc have?
- CharityIndex grades New Hanover Community Endowment Inc A, based on program efficiency and fundraising cost.
- How much does New Hanover Community Endowment Inc's highest-paid employee make?
- The highest reported compensation on New Hanover Community Endowment Inc's latest Form 990 is $386,134, paid to William Buster (President (until 02/28/24)).
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Data for New Hanover Community Endowment Inc (EIN 85-3563370) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.