2024-10-01T14:13:45-04:00 2023-12-31 200221868 BARNES BROCK CORNWELL & PAINTER PLC 908 EDEN WAY N STE 201 CHESAPEAKE VA 233202640 990 2023-01-01 581516313 OUTER BANKS COMMUNITY FOUNDATION INC OUTE 2524233003 PO BOX 2299 MANTEO NC 27954 JEFF DOWDY TREASURER 2522618839 2024-09-16 true false KIMBERLY C PAINTER CPA P00294115 7579615017 2024-10-01 2023 2024-10-15 13:58:12Z CHRISTOPHER SAWIN PO BOX 2299 MANTEO NC 27954 3367002 false X WWW.OBCF.ORG X 1982 NC 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. 18 17 9 66 0 1356741 2108074 0 802231 771629 65388 2158972 2945091 1433455 2151769 0 334240 316685 0 203845 198557 242463 1966252 2710917 192720 234174 22456255 25773330 2215178 2779248 20241077 22994082 X 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. false false 2363923 2151769 OUTER BANKS COMMUNITY FOUNDATION IS THE PHILANTHROPIC ENGINE OF THE LOCAL CHARITABLE SECTOR, PROVIDING SUPPORT FOR THE OUTER BANKS' MOST EXCITING PROJECTS AND URGENT NEEDS. THEY ASSIST LOCAL STUDENTS OF ALL AGES IN ACHIEVING THEIR EDUCATIONAL GOALS. THE FOUNDATION IS UNIQUE AS THE ONLY FUNDING SOURCE THAT REACHES ALL TYPES OF CHARITIES ACROSS THE OUTER BANKS. THEY SUPPORT PROGRAMS IN THE ARTS, EDUCATION, PUBLIC SAFETY, HEALTH AND HUMAN SERVICES, DISASTER RELIEF, HISTORIC PRESERVATION, THE ENVIRONMENT, AND ANIMAL SERVICES. IN 2023, THE FOUNDATION AWARDED MORE THAN 1,250,000 IN GRANTS AND SCHOLARSHIPS TO DOZENS OF NONPROFITS AND 81 LOCAL STUDENTS. TO DATE, THE FOUNDATION HAS INVESTED OVER 14 MILLION INTO CHARITABLE CAUSES ON THE OUTER BANKS IN ITS FORTY-ONE YEAR HISTORY. 2363923 true true false false false true false false false true true false false false false true true false false false false false false false false false false true true false false false false false false true false false true false false false false false false false false true 8 0 true 9 true false false false false false false false false false false false false X 18 17 true false false false false true false true true false false true true true true true true true true false X X X BOOKKEEPER 2522618839 PO BOX 2299 MANTEO NC 27954 CHRISTOPHER SAWIN PRESIDENT & 50.00 X X 93231 0 13639 JEAN-LOUISE DIXON CHAIR 10.00 X X 0 0 0 JASON WAUGHTEL VICE CHAIR 5.00 X X 0 0 0 PAT REGAN TREASURER 5.00 X X 0 0 0 LYNDA HESTER SECRETARY 5.00 X X 0 0 0 CATH BALDWIN DIRECTOR 2.00 X 0 0 0 DAVID CLAWSON DIRECTOR 2.00 X 0 0 0 JEFF DOWDY TREASURER 2.00 X 0 0 0 FRANK HESTER DIRECTOR 2.00 X 0 0 0 TESS JUDGE DIRECTOR 2.00 X 0 0 0 ROBIN MANN DIRECTOR 2.00 X 0 0 0 RAY MEIGGS DIRECTOR 2.00 X 0 0 0 CLAUDIA NEAL DIRECTOR 2.00 X 0 0 0 NOEL PRESTON DIRECTOR 2.00 X 0 0 0 BETTY SELBY DIRECTOR 2.00 X 0 0 0 DAVID SHUFFLEBARGER DIRECTOR 2.00 X 0 0 0 RONNIE SLOAN DIRECTOR 2.00 X 0 0 0 SARAH SPENCER DIRECTOR 2.00 X 0 0 0 RUTH TOTH DIRECTOR 2.00 X 0 0 0 93231 13639 false false false 2108074 149330 2108074 648909 648909 124631 420000 124696 297215 -65 122785 122720 122720 EMPLOYEE RETENTION CREDIT 900099 65388 65388 65388 2945091 188108 648909 1938561 1938561 213208 213208 106869 26717 26717 53435 163962 61280 59540 43142 25001 11062 6624 7315 20853 7109 6986 6758 23291 7763 7764 7764 10487 3497 3495 3495 57883 57883 84754 27245 21637 35872 4159 1368 1340 1451 5789 1966 1865 1958 9873 3352 3182 3339 1700 1700 MEMBERSHIP DEVELOPMENT 17212 17212 SPECIAL EVENTS 13417 13417 NONPROFIT EVENTS & WORKSH 7233 2780 2173 2280 DUES 6275 6275 390 132 126 132 2710917 2363923 143149 203845 36230 682663 494372 370046 2143 3046 697918 7289 279799 690629 21613711 24026946 30000 22456255 25773330 18626 29149 2196337 2750099 215 2215178 2779248 X 18558772 21068615 1682305 1925467 20241077 22994082 22456255 25773330 234174 2518831 X false true X true false X 2598016 1350589 1291557 1356741 2108074 8704977 2598016 1350589 1291557 1356741 2108074 8704977 8704977 377705 305815 358336 353324 648909 2044089 10749066 65388 0.80980 0.78360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 48 168 991345 2712693 515050 333690 4720898 11437171 true true 1344191 397741 261135 77600 1925467 1653173 12704 -253944 67742 1344191 1474285 11099 223910 56121 1653173 1424814 1500 157914 109943 1474285 986035 267813 203212 32246 1424814 0.85710 0.14290 true false 236100 236100 447734 7220 440514 1374 69 1305 12710 12710 690629 X 5406039 2518831 2518831 2887208 57883 57883 2945091 2653034 2653034 57883 57883 2710917 SCHEDULE D, PAGE 3, PART X LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48 FOOTNOTE: THE FOUNDATION ADOPTED THE RECOGNITION REQUIREMENTS FOR UNCERTAIN INCOME TAX POSITIONS AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, WITH NO CUMULATIVE EFFECT ADJUSTMENT REQUIRED. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE- LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE FOUNDATION HAS ANALYZED THE TAX POSITIONS TAKEN IN ITS FILINGS WITH THE INTERNAL REVENUE SERVICE. THE FOUNDATION BELIEVES THAT ITS INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE AFFECT ON THE FOUNDATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE FOUNDATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2023. SCHEDULE D, PAGE 4, PART XIII THE FOUNDATION'S FEDERAL RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) FOR 2023, 2022, 2021, AND 2020 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY, FOR THREE YEARS AFTER THEY WERE FILED. true SEE ATTACHED 1122878 129 SCHOLARSHIPS 97 213208 SCHEDULE I, PAGE 1, PART I, LINE 2 THE FOUNDATION PAYS COMMUNITY ENRICHMENT GRANTS ON A REIMBURSEMENT BASIS, REQUIRING GRANTEES TO SUBSTANTIATE ACTUAL EXPENDITURES. FOR GRANTS FROM DONOR-ADVISED FUNDS, THE FOUNDATION ENSURES EACH GRANTEE IS ELIGIBLE PER IRS SELECT CHECK. FOR SCHOLARSHIPS TO INDIVIDUALS, GRANTS ARE PAID DIRECTLY TO EDUCATIONAL INSTITUTIONS WITH SPECIFIC INSTRUCTIONS TO RETURN THE FUNDS TO THE ORGANIZATION IF THE STUDENT IS NO LONGER ENROLLED. SOUTHERN BANK AND TRUST CO SEE BELOW 650000 PURCHASE PROPERTY false SCHEDULE L, PART V OBCF ENTERED AN ARM'S LENGTH NEGOTIATION TO PURCHASE AN OFFICE BUILDING FROM ONE OF ITS DIRECTORS' EMPLOYERS. ON MAY 1, 2023, OBCF PURCHASED THE OFFICE BUILDING. THE DIRECTOR RECUSED HIMSELF FROM PARTICIPATING IN ANY OF THE NEGOTIATIONS. X 452 124696 FAIR MARKET VALUE X FURN. & EQUIP. 1 24634 FAIR MARKET VALUE false true true SCHEDULE M, PAGE 1, PART I, LINE 32B CONTRIBUTIONS OF SECURITIES ARE TRANSFERRED DIRECTLY FROM DONORS TO THE ORGANIZATION'S BROKER. SECURITIES ARE IMMEDIATELY SOLD BY THE BROKER AND PROCEEDS ARE SENT TO THE ORGANIZATION. FORM 990 - ORGANIZATION'S 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. FORM 990, PAGE 6, PART VI, LINE 2 SECRETARY DIRECTOR HUSBAND & WIFE FORM 990, PAGE 6, PART VI, LINE 7A THE FOUNDATION UTILIZES AN INDEPENDENT NOMINATING COMMITTEE. THE COMMITTEE IS MADE UP OF A COMMUNITY MEMBER, AN EMERITUS DIRECTOR AND THE CURRENT BOARD CHAIR OR THEIR APPOINTEE. THE NOMINATING COMMITTEE PROVIDES THE NAMES OF THE NOMINEES TO THE BOARD AND THE MEMBERS APPROVE THEIR APPOINTMENT TO THE BOARD AT THE ANNUAL MEETING. FORM 990, PAGE 6, PART VI, LINE 11B ALL BOARD MEMBERS, INCLUDING THE OFFICERS AND FINANCE COMMITTEE MEMBERS, ARE GIVEN COPIES OF THE FORM 990 TO READ AND APPROVE PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C STAFF AND BOARD MEMBERS MUST DISCLOSE CONFLICTS OF INTEREST ANNUALLY. BOARD MEMBERS ARE ASKED FOR ANY ABSTENTIONS WHENEVER A VOTE ON A GRANT OR BUSINESS TRANSACTION IS TAKEN. SCHOLARSHIPS ARE NOT AWARDED TO STAFF, BOARD, OR RELATED INDIVIDUALS. FORM 990, PAGE 6, PART VI, LINE 15A BOARD APPROVAL FOR SALARIES USING NATIONAL SURVEYS INCLUDING GRANTMAKERS SALARY AND BENEFITS REPORT COMPILED BY COUNCIL ON FOUNDATIONS. FORM 990, PAGE 6, PART VI, LINE 15B BOARD APPROVAL FOR SALARIES USING NATIONAL SURVEYS INCLUDING COUNCIL ON FOUNDATIONS. FORM 990, PAGE 6, PART VI, LINE 19 FORM 990 IS PUBLISHED ON GUIDESTAR AND OUR OWN WEBSITE. FINANCIAL STATEMENTS ARE ALSO ON OUR WEBSITE. ALL PUBLIC FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST.