2025-03-10T15:58:36-05:00 2024-06-30 560570567 DMJPS PLLC 703 GREEN VALLEY ROAD SUITE 201 GREENSBORO NC 27408 990 2023-07-01 561757109 LEADERSHIP NORTH CAROLINA INC LEAD 9192100151 PO BOX 31125 RALEIGH NC 27622 BRIAN ETHERIDGE PRESIDENT 9198035323 2025-03-06 1 0 AMY B THABET CPA P01243405 3362759886 2025-03-06 2023 2025-03-06 01:10:19Z BRIAN ETHERIDGE PO BOX 31125 RALEIGH NC 27622 764102 0 X WWW.LEADERSHIPNC.ORG X 1990 NC THE MISSION OF THE LEADERSHIP NORTH CAROLINA PROGRAM IS TO INFORM, DEVELOP AND ENGAGE COMMITTED LEADERS BY BROADENING THEIR UNDERSTANDING OF AND INVOLVEMENT IN ISSUES AND OPPORTUNITIES FACING OUR STATE. 21 21 4 196 0 0 259440 343214 353625 384150 57467 36738 264 0 670796 764102 40825 44500 0 0 510908 395093 0 0 87834 411581 349149 963314 788742 -292518 -24640 951305 978588 141677 155608 809628 822980 THE MISSION OF THE LEADERSHIP NORTH CAROLINA PROGRAM IS TO INFORM, DEVELOP AND ENGAGE COMMITTED LEADERS BY BROADENING THEIR UNDERSTANDING OF AND INVOLVEMENT IN ISSUES AND OPPORTUNITIES FACING OUR STATE. 0 0 656401 44500 384150 SEVEN MONTHLY, TWO-AND-A-HALF DAY SESSIONS GIVE CLASS MEMBERS A BROADER UNDERSTANDING OF THE STATE WITH A FOCUS ON ISSUES AND OPPORTUNITIES IN THE AREAS OF ECONOMIC DEVELOPMENT, EDUCATION, ENVIRONMENT, GOVERNMENT, AND HEALTH AND HUMAN SERVICES, AND INCLUSIVE LEADERSHIP. 56 STUDENTS ATTENDED THE PROGRAM DURING THE 2023/2024 YEAR. IN ADDITION TO THE 56 MEMBERS OF CLASS 31, 271 ATTENDEES PARTICIPATED IN CLASS 31 ALUMNI AND REGIONAL EVENTS TO FURTHER AWARENESS OF THE ISSUES FACED BY AND OPPORTUNITIES THAT EXIST ACROSS THE STATE OF NORTH CAROLINA. 656401 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 1 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 21 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X BRIAN ETHERIDGE 9198035323 PO BOX 31125 RALEIGH NC 27622 BURTON KEN CHAIR 1.00 X X 0 0 0 ANDERSON JOHANNA TREASURER AND FINANCE COMM 1.00 X X 0 0 0 BOHM DAVID DIRECTOR 1.00 X 0 0 0 IMHOF SARA DIRECTOR 1.00 X 0 0 0 GABRIEL SHAWAN DIRECTOR 1.00 X 0 0 0 LADIG CURT IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 THE HONORABLE HENRY E FRYE FOUNDING AND LIFETIME BOAR 1.00 X 0 0 0 GARRETT WILLIAM A CHAIR EMERITUS, LIFETIME B 1.00 X X 0 0 0 HAGAN III CHARLES T FOUNDING AND LIFETIME BOAR 1.00 X 0 0 0 HARPER REGINALD DIRECTOR 1.00 X 0 0 0 HENDERSON SHAKIRA DIRECTOR 1.00 X 0 0 0 PARQUET CHERYL VICE CHAIR 1.00 X X 0 0 0 HILL TYRAN DIRECTOR 1.00 X 0 0 0 IRVIN NAOMI DIRECTOR 1.00 X 0 0 0 RAGSDALE JR S LEE STRATEGIC LEAD 1.00 X 0 0 0 PHILLIPS MARIAN D FOUNDING AND LIFETIME BOAR 1.00 X 0 0 0 RODRIGUEZ CAREN DIRECTOR 1.00 X 0 0 0 SMITH MATTHEW DIRECTOR 1.00 X 0 0 0 SOMERS BO DIRECTOR 1.00 X 0 0 0 TUNNELL JAZ DIRECTOR 1.00 X 0 0 0 RICOTTA LORNA DIRECTOR 1.00 X 0 0 0 ETHERIDGE BRIAN PRESIDENT 40.00 X 149329 0 30136 149329 0 30136 1 0 1 0 0 343214 343214 TUITION AND FEES 611430 384150 384150 384150 15077 15077 21661 0 21661 21661 21661 764102 384150 0 36738 44500 44500 204565 173880 12274 18411 130627 82994 14066 33567 13866 8930 1451 3485 23867 17083 2293 4491 22168 16818 1815 3535 24094 19275 1205 3614 514 392 35 87 55057 44075 2746 8236 19920 15936 996 2988 15292 12078 1269 1945 1641 1487 32 122 2572 2572 1686 1349 84 253 3482 2785 174 523 SESSION AND EVENT COSTS 193134 192584 550 0 BANK CHARGES 11166 6807 1378 2981 STAFF DEVELOPMENT 7326 5861 366 1099 COMMUNICATIONS 4400 3515 226 659 8865 6052 975 1838 788742 656401 44507 87834 2497 10210 268306 151513 199653 181231 7305 21089 12572 9034 4028 3538 465506 609093 4010 1914 951305 978588 47528 53836 7000 7000 87149 94772 141677 155608 X 265258 382946 544370 440034 809628 822980 951305 978588 -24640 37992 0 X X 0 1 X 1 0 X 199495 466852 452342 259440 343214 1721343 340647 279095 334226 353625 384150 1691743 540142 745947 786568 613065 727364 3413086 41823 35650 19725 18048 17640 132886 52786 237739 173245 100619 180346 744735 94609 273389 192970 118667 197986 877621 2535465 13568 3221 10236 14846 15077 56948 13568 3221 10236 14846 15077 56948 553710 749168 796804 627911 742441 3470034 0.73070 0.71310 0.01640 0.01580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 990023 46770 72761 14989 1094565 899549 50135 53944 -1000 14605 990023 977894 27056 -82242 8300 14859 899549 824060 50883 119736 15400 1385 977894 863300 37632 -47060 15000 14812 824060 0.72000 0.28000 0 0 12572 9034 3538 3538 EQUITIES 167712 F MUTUAL FUNDS 441381 F 609093 PAYROLL LIABILITIES 6858 LEASE LIABILITY 1914 LINE OF CREDIT 86000 94772 X 775594 37992 18000 55992 719602 44500 44500 764102 762242 18000 18000 744242 44500 44500 788742 PART V, LINE 4: THE STANLEY FRANK ENDOWMENT FUND IS UTILIZED TO PROVIDE SUPPORT FOR AWARDS. WILLIAM GARRETT FUND IS A BOARD DESIGNATED FUND WHICH HAS A PRIMARY PURPOSE OF PROVIDING SCHOLARSHIP AID TO PROSPECTIVE PARTICIPANTS WHO APPLY FOR SCHOLARSHIP ASSISTANCE. THE MAJOR DONOR TO THE LEGACY FUND RESTICTED USE OF THE FUNDS TO PROVIDE SUPPORT AND SPONSORSHIP TO LEADERSHIP NORTH CAROLINA HEALTH AND HUMAN SERVICES SESSION. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXATION AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE IRC. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE ORGANIZATION ACCOUNTS FOR UNCERTAIN INCOME TAX POSITIONS BY PRESCRIBING A MINIMUM PROBABILITY THRESHOLD A TAX POSITION MUST MEET BEFORE A FINANCIAL STATEMENT INCOME TAX BENEFIT IS RECOGNIZED. THE MINIMUM THRESHOLD IS DEFINED AS A TAX POSITION, BASED SOLELY ON ITS TECHNICAL MERITS, THAT WOULD MORE LIKELY THAN NOT BE SUSTAINED UPON EXAMINATION BY THE RELEVANT TAX AUTHORITY WITH KNOWLEDGE OF THE SAME FACTS. THE TAX BENEFIT TO BE RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE RESOLUTION. BASED ON ALL KNOWN FACTS, CIRCUMSTANCES, AND CURRENT TAX LAW, THE ORGANIZATION BELIEVES THE TOTAL AMOUNT OF UNCERTAIN INCOME TAX POSITION LIABILITIES AND RELATED ACCRUED INTEREST ARE NOT MATERIAL TO ITS FINANCIAL POSITION. AS OF JUNE 30, 2024, AND INCLUDING THE PREVIOUS THREE (3) YEARS CONSIDERING EXTENSIONS, THE ORGANIZATION'S INCOME TAX RETURNS ARE OPEN AND SUBJECT TO EXAMINATION BY TAX AUTHORITIES WITH RELEVANT JURISDICTION. SHOULD SUCH AN EXAMINATION TAKE PLACE, MANAGEMENT DOES NOT ANTICIPATE ANY SIGNIFICANT ISSUES RELATED TO THE OPEN YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: IN-KIND 18,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AT FINANCIAL STATEMENT LEVEL 44,500. PART XII, LINE 2D - OTHER ADJUSTMENTS: IN KIND 18,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS ASSISTANCE NETTED AT FINANCIAL STATEMENT LEVEL ADD TO PART IX 44,500. 0 THE ORGANIZATION PROVIDES SCHOLARSHIPS TO PARTICIPANTS IN THE LEADERSHIP AWARENESS PROGRAM CLASS. THE SCHOLARSHIP OFFSETS THE COST OF TUITION. 10 44500 TUITION VALUE ORGANIZATION PROVIDES SCHOLARSHIP ASSISTANCE TO PARTICIPANTS IN THE LEADERSHIP AWARENESS PROGRAM CLASS. X X X X X X 0 0 0 0 0 0 0 0 0 ETHERIDGE BRIAN PRESIDENT 149329 0 0 0 0 0 0 0 30136 0 179465 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 THE ORGANIZATION'S OFFICERS AND DIRECTORS ARE LEADERS IN THE STATE OF NORTH CAROLINA AND HOLD POLITICAL OFFICES, EXECUTIVE POSITIONS WITH COMPANIES AND ARE BUSINESS OWNERS. AT TIMES DURING THE FISCAL YEAR, DIRECTORS MAY ENGAGE IN BUSINESS RELATIONSHIPS WITH EACH OTHER. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING THE 990 EXEMPT ORGANIZATION RETURN, THE ORGANIZATION PROVIDES A COPY OF THE RETURN TO THE GOVERNING BOARD AND ITS COMMITTEE THAT IS DELEGATED THE POWER TO APPROVE THE 990 EXEMPT ORGANIZATION RETURN ON BEHALF OF THE GOVERNING BOARD. FORM 990, PART VI, SECTION B, LINE 12C ON ANNUAL BASIS IN THE FALL BOARD MEETING, EACH BOARD MEMBER REVIEWS THE CONFLICT OF INTEREST POLICY AND SIGNS THAT THEY HAVE RECEIVED, UNDERSTAND AND AGREES TO THE POLICY. IF A CONFLICT IS DETERMINED, IT IS RECORDED IN THE MINUTES OF THE MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE HAS AN ANNUAL REVIEW OF THE PRESIDENT'S COMPENSATION. THE PRESIDENT SUBMITS GOALS FOR UPCOMING YEAR FOR CONSIDERATION AND A SELF ASSESSMENT NARRATIVE IS PROVIDED BY THE PRESIDENT WITH RESULTS FROM GOALS IN THE PAST PRIOR YEAR. COMPENSATION COMMITTEE UTILIZES DATA FROM EITHER NC CENTER FOR NON PROFITS SALARY SURVEY AND/OR THE ASSOCIATION OF EXECUTIVE DATABASE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AT THE PUBLIC'S REQUEST. FORM 990, PART XII LINE 2C. THE ORGANIZATION HAS NOT CHANGED ITS PROCESS FOR OVERSIGHT OF THE AUDIT OR SELECTION FOR AN INDEPENDENT ACCOUNTANT FROM THE PRIOR TAX YEAR. FORM 990 PART VIII, LINE 7D NET GAIN (LOSS) ORGANIZATION REPORTS THE NET REALIZED GAIN FROM SALES OF INVESTMENTS IN PART VIII, LINE 7D. THE ORGANIZATION HAS ALL INVESTMENT STATEMENTS IN THEIR POSSESSION TO SUPPORT THE BASIS AND SALES PROCEEDS CREATING THE NET REALIZED GAIN.