Civic Intelligence

Aj Fletcher Foundation

EIN 23-7423031 • 501(c)3 • Raleigh, NC

Profile

See schedule othe a.j. Fletcher foundation operates for the exclusive benefit of the fletcher academy, school of achievement, inc. And in furtherance of a purpose of the fletcher academy, a designated class of other charitable organizations. Through its grants, the foundation supports the fletcher academy and other public charities located in north carolina or serving north carolina residents that have as one of their purposes the care or support of the elderly, infirm or indigent, the promotion of education, artistic endeavors, communication arts, or public recreation or the fostering of religious faith.

909 Glenwood AvenueRaleigh, NC 27605

www.ajf.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

2nd percentile

0.00x

Higher debt load relative to assets than 2% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

4th percentile

0.01x

Higher debt load relative to revenue than 4% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Net Margin

74th percentile

15%

Higher net margin than 74% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

15th percentile

$220,127

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2022

Asset Growth

61st percentile

7.8%

Faster asset growth than 61% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2022 to 2024

Revenue Growth

1st percentile

-66%

Faster revenue growth than 1% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2022 to 2024

Assets

Up

$279,221,023

Up $15,383,085 (+5.8%) from 2023

Liabilities

Up

$103,408

Up $56,428 (+120%) from 2023

Net Assets

Up

$279,117,615

Up $15,326,657 (+5.8%) from 2023

Revenue

Up

$12,098,985

Up $6,033,435 (+99%) from 2023

Expenses

Up

$10,308,195

Up $2,234,818 (+28%) from 2023

Net Income

Up

$1,790,790

Up $3,798,617 (+189%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300M$200M$100M$0Assets 2019: $146,008,574Liabilities 2019: $26,687Net Assets 2019: $145,981,8872019Assets 2020: $154,919,685Liabilities 2020: $23,091Net Assets 2020: $154,896,5942020Assets 2021: $168,653,502Liabilities 2021: $61,537Net Assets 2021: $168,591,9652021Assets 2022: $240,226,445Liabilities 2022: $59,115Net Assets 2022: $240,167,3302022Assets 2023: $263,837,938Liabilities 2023: $46,980Net Assets 2023: $263,790,9582023Assets 2024: $279,221,023Liabilities 2024: $103,408Net Assets 2024: $279,117,6152024

Highlighted filing

2024

Assets$279,221,023
Liabilities$103,408
Net Assets$279,117,615

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150M$100M$50M$0-$50MRevenue 2019: $36,531,568Expenses 2019: $13,079,113Net Income 2019: $23,452,4552019Revenue 2020: $78,045,637Expenses 2020: $21,929,107Net Income 2020: $56,116,5302020Revenue 2021: $53,698,336Expenses 2021: $16,213,183Net Income 2021: $37,485,1532021Revenue 2022: $103,189,395Expenses 2022: $8,049,293Net Income 2022: $95,140,1022022Revenue 2023: $6,065,550Expenses 2023: $8,073,377Net Income 2023: -$2,007,8272023Revenue 2024: $12,098,985Expenses 2024: $10,308,195Net Income 2024: $1,790,7902024

Highlighted filing

2024

Revenue$12,098,985
Expenses$10,308,195
Net Income$1,790,790

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$48,442,220
Mission and Program Overview

Mission

See schedule othe a. J. Fletcher foundation operates for the exclusive benefit of the fletcher academy, school of achievement, inc. And in furtherance of a purpose of the fletcher academy, a designated class of other charitable organizations. Through its grants, the foundation supports the fletcher academy and other public charities located in north carolinaor serving north carolina residents that have as one of their purposesthe care or support of the elderly, infirm or indigent, the promotionof education, artistic endeavors, communication arts, or publicrecreation or the fostering of religious faith.

See schedule o narrative for part iii, line 1

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$213,547,564$219,288,630▲ $5,741,066
Investments Other Securities$33,530,778$34,376,861▲ $846,083
Savings and Temporary Cash Investments$11,384,174$16,546,573▲ $5,162,399
Land, Buildings, and Equipment, Net$5,230,005$8,516,112▲ $3,286,107
Cash and Non-Interest-Bearing Accounts$106,238$489,331▲ $383,093
Other Notes and Loans Receivable, Net$33,676$0▼ $33,676
Accounts Receivable$4,149$2,162▼ $1,987
Total Assets$263,837,938$279,221,023▲ $15,383,085
Other Assets Total$1,354$1,354→ $0
Liabilities
Accounts Payable and Accrued Expenses$46,980$98,159▲ $51,179
Other Liabilities$0$5,249▲ $5,249
Total Liabilities$46,980$103,408▲ $56,428
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$263,790,958$279,117,615▲ $15,326,657
Total Net Assets Fund Balance$263,790,958$279,117,615▲ $15,326,657
Total Liabilities and Net Assets / Fund Balance$263,837,938$279,221,023▲ $15,383,085

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,586,832$3,159,803$6,746,635
Land$4,840,429-$2,093,799
Equipment$78,646$74,958$153,604
Other Land Buildings$10,205$11,178$21,383
Other Securities$7,256,297--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Damon J CircostaV.p/ Exec. Dir./asst SecreFT$191,380$71,103$262,483
Nicole StewartDirector of EngagmentFT$111,019$11,102$122,121

Board Members and Trustees

NameTitle
James F GoodmonChairman of the Board
Barbara L GoodmonPresident
Beth BriggsDirector
James F Goodmon JrDirector
Maria SpauldingDirector
Michael GoodmonDirector
Steve HammelDirector
Greg PattersonDirector/treasurer
Daniel P McgrathTreasurer/secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Wells FargoInvestment Fees4208 SIX FORKS RD STE 120, Raleigh, NC 27609$231,418
VanguardInvestment FeesPO BOX 3009, Monroe, WI 53566$127,121
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$12,149,563
Other Revenue
$-50,578
Change in Net Assets
$1,790,790
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$8,833,250
Other Expenses$956,304
Salaries, Compensation, and Employee Benefits$518,641
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$8,833,250--$8,833,250
Fees for Service Investment Mgmnt Fees-$358,539-$358,539
Current Officers, Directors, Trustees, and Key Employees$196,862$65,621-$262,483
Other Salaries and Wages$123,453$27,152-$150,605
Fees for Services Accounting-$107,164-$107,164
Occupancy-$101,780-$101,780
Depreciation Depletion-$90,379-$90,379
Fees for Services Other-$80,229-$80,229
Fees for Services Legal-$47,944-$47,944
Pension Plan Contributions$34,112$10,189-$44,301
Conferences and Meetings$22,534$11,762-$34,296
Other Employee Benefits$25,306$7,559-$32,865
Payroll Taxes$21,858$6,529-$28,387
Office Expenses-$19,752-$19,752
Insurance-$16,311-$16,311
Information Technology-$11,083-$11,083
Other Expenses$60,816$6,912-$6,912
Fees for Services Management$3,431$1,025-$4,456
Travel-$4,292-$4,292
Advertising-$360-$360
Total Functional Expenses$9,321,622$986,573$0$10,308,195
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Fletcher Academy School of Achievement IncRaleigh, NC501(c)(3)Operations and Facilities Support$2,675,000
North Carolina Community Foundation IncRaleigh, NC501(c)(3)Dorothea Dix Park Fund$1,000,000
Unc Hussman School of Journalism and Media FoundationChapel Hill, NC501(c)(3)Broadcast Studio$500,000
States NewsroomChapel Hill, NC501(c)(3)Nc Newsline$285,000
The Shaw UniversityRaleigh, NC501(c)(3)Real Estate & Strategic Development$250,000
OCCONEECHEE COUNCIL INC BOY SCOUTS OF AMERICA #421Raleigh, NC501(c)(3)Scoutreach Access to Scouting and Cristo Rey Work Study Program$218,750
Healing Transitions IncRaleigh, NC501(c)(3)Capital Campaign$200,000
North Carolina Justice CenterRaleigh, NC501(c)(3)Education & Communications Project Support$200,000
Common Cause Education FundWashington, DC501(c)(3)Campus Education and Outreach$180,000
Appalachian Regional Healthcare Foundation IncBoone, NC501(c)(3)General Obligations and Hospital Capital Campaign$175,000
United Way of the Greater Triangle IncDurham, NC501(c)(3)Innovative Partnerships to Support the Greater Triangle and Bull City Future Fund$175,000
Leadership Triangle IncRaleigh, NC501(c)(3)General Operations$150,000
SafechildRaleigh, NC501(c)(3)Champion Our Children Capital Campaign$150,000
Note in the Pocket IncRaleigh, NC501(c)(3)Durham Expansion, Work Study Program, and Nonprofit Internship Program$126,750
The Community Foundation of Western North Carolina IncAsheville, NC501(c)(3)Education Fund$125,000
CasaRaleigh, NC501(c)(3)KING'S RIDGE CAPITAL CAMPAIGN AND NONPROFIT INTERNSHIP PROGRAM$107,500
Se Raleigh Promise IncRaleigh, NC501(c)(3)General Operations$105,000
Hope Center at Pullen IncRaleigh, NC501(c)(3)Capital Campaign$100,000
North Carolina Center on Actual InnocenceDurham, NC501(c)(3)General Operations & Capital Support$100,000
North Carolina State University Foundation IncRaleigh, NC501(c)(3)Woodson Hall Capital Campaign$100,000
North Carolina Wildlife FederationRaleigh, NC501(c)(3)Marine Fisheries Science and Education$100,000
Wake Forest UniversityWinston Salem, NC501(c)(3)Wake Forest School of Law Fletcher Scholars Program$85,000
Boys & Girls Clubs of the Coastal Plain IncWinterville, NC501(c)(3)Capital Campaign$75,000
Go Global NcWake Forest, NC501(c)(3)Development Capacity Building$75,000
Hope RenovationsChapel Hill, NC501(c)(3)Capacity Building$75,000
You Can VoteDurham, NC501(c)(3)Campus Education and Outreach$75,000
Haven House IncRaleigh, NC501(c)(3)Nonprofit Internship Program and Development Capacity Building$67,500
Public School Forum of North Carolina IncRaleigh, NC501(c)(3)Research on the Nc School Voucher System and Nonprofit Internship Program$67,500
Thegifted Arts IncRaleigh, NC501(c)(3)General Operations and Capacity Building$65,000
Oak City Cares IncRaleigh, NC501(c)(3)Capacity Building Grant and Nonprofit Internship Program$57,500
Avery County SchoolsNewland, NC170(c)(1)General Operations$50,000
Boys & Girls Clubs of the Tar River Region IncRocky Mount, NC501(c)(3)Project Dream Capital Campaign$50,000
Girl Scouts North Carolina Coastal Pines IncRaleigh, NC501(c)(3)Camp Mary Atkinson Amphitheater$50,000
Higher Ed WorksRaleigh, NC501(c)(3)General Operations$50,000
Mitchell County SchoolsBakersville, NC170(c)(1)General Operations$50,000
North Carolina Broadcast History MuseumWashington, NC501(c)(3)General Operations$50,000
North Carolina Coastal Federation IncNewport, NC501(c)(3)Capital Campaign$50,000
Student UDurham, NC501(c)(3)General Operations$50,000
The Western Youth Network IncBoone, NC501(c)(3)General Operations$50,000
Yancey County SchoolsBurnsville, NC170(c)(1)General Operations$50,000
Womens Center of Wake County IncRaleigh, NC501(c)(3)Housing Navigation for Women Experiencing Homelessness and Nonprofit Internship Program$47,500
THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF THE TRIANGLE AREA INCRaleigh, NC501(c)(3)Work Study Program$40,000
Dress for Success Triangle NcRaleigh, NC501(c)(3)Mobile Boutique$33,300
The Center for Volunteer CaregivingCary, NC501(c)(3)Cvc Program Management System Maintenance$30,000
Appalachian Literacy InitiativeBristol, TN501(c)(3)Appalachian Literacy Initiative$25,000
Camp GrierOld Fort, NC501(c)(3)General Operations$25,000
Durham Public Schools FoundationDurham, NC501(c)(3)General Operations$25,000
East Coast Greenway Alliance IncDurham, NC501(c)(3)Tti 2.0 Triangle Trail Initiative, Strategic Planning Initiative$25,000
Grandfather Mountain Stewardship Foundation IncLinville, NC501(c)(3)General Operations$25,000
North Carolina Arts FoundationRaleigh, NC501(c)(3)Nc Arts Disaster Relief Fund$25,000
North Carolina Housing Coalition IncDurham, NC501(c)(3)General Operations$25,000
Pamlico County SchoolsBayboro, NC170(c)(1)Pamlico County Baseball Stadium$25,000
Raleigh Rescue Mission IncRaleigh, NC501(c)(3)Capital Campaign$25,000
Roanoke Island Historical Association IncManteo, NC501(c)(3)The Lost Colony Theater$25,000
The Salvation Army a Georgia CorporationRaleigh, NC501(c)(3)Wake County, Project Catch$25,000
Urban Ministries of Wake County IncRaleigh, NC501(c)(3)The Helen Wright Center for Women Program Support$25,000
Wake County Public School SystemCary, NC170(c)(1)Wake County Debate Initiative and School Meal Angel Fund$25,000
Activate Good IncRaleigh, NC501(c)(3)Nonprofit Internship Program$22,500
North Carolina Arts in Action IncDurham, NC501(c)(3)Campaign for Growth$20,000
Made in DurhamDurham, NC501(c)(3)Work Study Program$19,250
North Carolina Lions IncorporatedSherrills Ford, NC501(c)(3)Clinical Eye Research$17,500
El FuturoDurham, NC501(c)(3)Verano En Hill Pilot Program$15,200
City of Oaks Foundation IncRaleigh, NC501(c)(3)Living Life as Art$15,000
Southeastern Baptist Theological SeminaryWake Forest, NC501(c)(3)Rev. J.d. Fletcher Church Planting$15,000
Sympara IncCary, NC501(c)(3)The Sacred/civic Placemaking Project$15,000
Carolina Theatre of Durham IncDurham, NC501(c)(3)Work Study Program$10,000
Dorothea Dix Park ConservancyRaleigh, NC501(c)(3)Reconnecting Communities and Neighborhoods Program, Dix Park$10,000
Musical Empowerment IncCarrboro, NC501(c)(3)General Operations$10,000
North Carolina Museum of Life and Science IncDurham, NC501(c)(3)Work Study Program$10,000
Book HarvestDurham, NC501(c)(3)Nonprofit Internship Program$7,500

International Summary

Offices
0
Employees
0
Spending
$159,117

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestment Activities---$159,117
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposit$5,249
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

James f. Goodmon (chairman of the board), barbara l. Goodmon (president), michael goodmon (director), and james f. Goodmon jr. (director) have a family relationship. James f. Goodmon (chairman of the board) has a business relationship with james f. Goodmon jr. (director), michael goodmon (director), and daniel p. Mcgrath (treasurer/secretary).

Form 990, Part VI, Section A, Line 8B

The ajff does not have any standing committees with the authority to act on behalf of the governing body. When temporary committees are appointed by the board, the related meetings are contemporaneously documented.

Form 990, Part VI, Section B, Line 11B

Prior to filing the form 990, the completed document is forwarded to members of the board for review and comment.

Form 990, Part VI, Section B, Line 12C

At an annual meeting of the board of directors, the members are reminded of the policy and their obligation to comply with the policy.

Form 990, Part VI, Section B, Line 15A

Determination of executive director compensation is based upon comparative data of similarly qualified persons, with contemporaneous documentation. No other officers or key employees are compensated.

Form 990, Part VI, Section C, Line 19

These documents are available during business hours for viewing at the foundation's office.

Filing and Contact Details

Filer

Filer Name
Aj Fletcher Foundation
EIN
23-7423031
Phone
9193222580
Address
909 GLENWOOD AVENUE, RALEIGH, NC 27605

Signing Officer

Name
Damon J Circosta
Title
Vice President/executive Director
Phone
9193222580
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Damon J Circosta
Formed
1975
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
4
Employees
5
Volunteers
0

Preparer

Firm
Williams Overman Pierce Llp
Address
2501 ATRIUM DRIVE SUITE 500, RALEIGH, NC 27607
Preparer
Daniel M Lavelle CPA
Phone
9197823444
Supplemental Narrative

Additional Explanations

FORM 990, PART IV, LINE 28:

See the schedule o description for form 990, part vi, section a, line 2, for disclosure of family relationships.

FORM 990, PART XI, LINE 9:

Book-tax diff tep capitola k-1 reporting 2,709. Book-tax diff hvp v k-1 reporting 250,587. Book-tax diff hvp vi k-1 reporting 37,764. Book-tax diff tvp ii k-1 reporting 38,980. Book-tax diff tvp ii co-invest k-1 reporting -288. Book-tax diff global vine k-1 reporting 10,898.

FORM 990, PART XII, LINE 1:

A.j. Fletcher foundation uses a modified cash basis method of accounting to prepare the financial statements and form 990. Grants are recorded when the grant payment is made. The investment in pass-through entities is recorded on the cash basis and does not reflect the k-1 activity on its books.

FORM 990, PART XII, LINE 2C:

This process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

Management evaluates all significant tax positions and does not believe it has taken any positions that would require the recording of any additional tax liability, nor does it believe that there are any unrealized tax benefits that would either increase or decrease within the next year. The entities are subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

Raw XML AppendixShowing 400 of 1,330 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt046980
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt098159
IRS990/AccountsReceivableGrp/BOYAmt04149
IRS990/AccountsReceivableGrp/EOYAmt02162
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SEE SCHEDULE O NARRATIVE FOR PART III, LINE 1
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0360
IRS990/AdvertisingGrp/TotalAmt0360
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd00
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0DAMON J CIRCOSTA
IRS990/BooksInCareOfDetail/PhoneNum09193222580
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0909 GLENWOOD AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0RALEIGH
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0276051511
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0106238
IRS990/CashNonInterestBearingGrp/EOYAmt0489331
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt02
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt065621
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0196862
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0262483
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt011762
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt022534
IRS990/ConferencesMeetingsGrp/TotalAmt034296
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/ContractorCompensationGrp/CompensationAmt0231418
IRS990/ContractorCompensationGrp/CompensationAmt1127121
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt04208 SIX FORKS RD STE 120
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1PO BOX 3009
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0RALEIGH
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1MONROE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0NC
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1WI
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd027609
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd153566
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0WELLS FARGO
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1VANGUARD
IRS990/ContractorCompensationGrp/ServicesDesc0INVESTMENT FEES
IRS990/ContractorCompensationGrp/ServicesDesc1INVESTMENT FEES
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt08833250
IRS990/CYInvestmentIncomeAmt012149563
IRS990/CYOtherExpensesAmt0956304
IRS990/CYOtherRevenueAmt0-50578
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt01790790
IRS990/CYSalariesCompEmpBnftPaidAmt0518641
IRS990/CYTotalExpensesAmt010308195
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt012098985
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt090379
IRS990/DepreciationDepletionGrp/TotalAmt090379
IRS990/Desc0THE A.J. FLETCHER FOUNDATION IS A SUPPORTING ORGANIZATION FOR THE FLETCHER ACADEMY SCHOOL OF ACHIEVEMENT, INC., SERVING NORTH CAROLINA AS AN INDEPENDENT, CO-EDUCATIONAL DAY SCHOOL WITH OVER 200 STUDENTS IN GRADES 1-12 WITH LEARNING DISABILITIES AND/OR ATTENTION DEFICIT DISORDERS. THE ACADEMY HELPS THESE SPECIAL STUDENTS MASTER BASIC ACADEMIC AND SOCIAL SKILLS WHILE INSTILLING IN THEM A POSITIVE SENSE OF THEIR OWN RESPONSIBILITY FOR LEARNING. THE SCHOOL IS ACCREDITED BY THE SOUTHERN ASSOCIATION OF INDEPENDENT SCHOOLS AND THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt05
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt02675000
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0107164
IRS990/FeesForServicesAccountingGrp/TotalAmt0107164
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt047944
IRS990/FeesForServicesLegalGrp/TotalAmt047944
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt01025
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt03431
IRS990/FeesForServicesManagementGrp/TotalAmt04456
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt080229
IRS990/FeesForServicesOtherGrp/TotalAmt080229
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt0358539
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt0358539
IRS990/ForeignActivitiesInd01
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt943278
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1011102
IRS990/Form990PartVIISectionAGrp/PersonNm0JAMES F GOODMON
IRS990/Form990PartVIISectionAGrp/PersonNm1BETH BRIGGS
IRS990/Form990PartVIISectionAGrp/PersonNm2MARIA SPAULDING
IRS990/Form990PartVIISectionAGrp/PersonNm3MICHAEL GOODMON
IRS990/Form990PartVIISectionAGrp/PersonNm4JAMES F GOODMON JR
IRS990/Form990PartVIISectionAGrp/PersonNm5GREG PATTERSON
IRS990/Form990PartVIISectionAGrp/PersonNm6STEVE HAMMEL
IRS990/Form990PartVIISectionAGrp/PersonNm7DANIEL P MCGRATH
IRS990/Form990PartVIISectionAGrp/PersonNm8BARBARA L GOODMON
IRS990/Form990PartVIISectionAGrp/PersonNm9DAMON J CIRCOSTA
IRS990/Form990PartVIISectionAGrp/PersonNm10NICOLE STEWART
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9219205
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10111019
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN OF THE BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt9V.P/ EXEC. DIR./ASST SECRE
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR OF ENGAGMENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01975
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt04065755
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantAmt02675000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt08833250
IRS990/GrantsToDomesticOrgsGrp/TotalAmt08833250
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt040109307
IRS990/GrossReceiptsAmt048442220
IRS990/GrossRentsGrp/RealAmt0249105
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt011083
IRS990/InformationTechnologyGrp/TotalAmt011083
IRS990/InsuranceGrp/ManagementAndGeneralAmt016311
IRS990/InsuranceGrp/TotalAmt016311
IRS990/InvestmentIncomeGrp/ExclusionAmt08083808
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt08083808
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt033530778
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt034376861
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0213547564
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0219288630
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03245939
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05230005
IRS990/LandBldgEquipBasisNetGrp/EOYAmt08516112
IRS990/LandBldgEquipCostOrOtherBssAmt011762051
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt036043552
IRS990/LessRentalExpensesGrp/RealAmt0299683
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SEE SCHEDULE OTHE A.J. FLETCHER FOUNDATION OPERATES FOR THE EXCLUSIVE BENEFIT OF THE FLETCHER ACADEMY, SCHOOL OF ACHIEVEMENT, INC. AND IN FURTHERANCE OF A PURPOSE OF THE FLETCHER ACADEMY, A DESIGNATED CLASS OF OTHER CHARITABLE ORGANIZATIONS. THROUGH ITS GRANTS, THE FOUNDATION SUPPORTS THE FLETCHER ACADEMY AND OTHER PUBLIC CHARITIES LOCATED IN NORTH CAROLINA OR SERVING NORTH CAROLINA RESIDENTS THAT HAVE AS ONE OF THEIR PURPOSES THE CARE OR SUPPORT OF THE ELDERLY, INFIRM OR INDIGENT, THE PROMOTION OF EDUCATION, ARTISTIC ENDEAVORS, COMMUNICATION ARTS, OR PUBLIC RECREATION OR THE FOSTERING OF RELIGIOUS FAITH.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0263790958
IRS990/NetAssetsOrFundBalancesEOYAmt0279117615
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt04065755
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt04065755
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0-50578
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-50578
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt013195217
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0263790958
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0279117615
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0101780
IRS990/OccupancyGrp/TotalAmt0101780
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt019752
IRS990/OfficeExpensesGrp/TotalAmt019752
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01354
IRS990/OtherAssetsTotalGrp/EOYAmt01354
IRS990/OtherChangesInNetAssetsAmt0340650
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt07559
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt025306
IRS990/OtherEmployeeBenefitsGrp/TotalAmt032865
IRS990/OtherExpensesGrp/Desc0TICKETS AND SPONSORSHIP
IRS990/OtherExpensesGrp/Desc1DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2MEALS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt011991
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt16912
IRS990/OtherExpensesGrp/ProgramServicesAmt060816
IRS990/OtherExpensesGrp/TotalAmt060816
IRS990/OtherExpensesGrp/TotalAmt111991
IRS990/OtherExpensesGrp/TotalAmt26912
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt05249
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt027152
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0123453
IRS990/OtherSalariesAndWagesGrp/TotalAmt0150605
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt033676
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06529
IRS990/PayrollTaxesGrp/ProgramServicesAmt021858
IRS990/PayrollTaxesGrp/TotalAmt028387
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt010189
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt034112
IRS990/PensionPlanContributionsGrp/TotalAmt044301
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DAMON J CIRCOSTA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0IN KEEPING WITH ITS MISSION OF SUPPORTING CHARITABLE ORGANIZATIONS WITH CERTAIN PURPOSES LOCATED IN NORTH CAROLINA OR SERVING NORTH CAROLINA RESIDENTS, THE A.J. FLETCHER FOUNDATION MADE GRANTS TOTALING $6,158,250 TO CHARITABLE ORGANIZATIONS INVOLVED IN THE SUPPORT OF THE ELDERLY, INFIRM OR INDIGENT, IN EDUCATION, IN ARTISTIC ENDEAVORS, IN COMMUNICATION ARTS, IN PUBLIC RECREATION, AND IN FOSTERING RELIGIOUS FAITH. SEE ALSO SCHEDULE I, FOR A DETAILED LIST OF ALL GRANTS PAID IN 2024.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt06646622
IRS990/ProgSrvcAccomActy2Grp/GrantAmt06158250
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt06677600
IRS990/PYInvestmentIncomeAmt04698561
IRS990/PYOtherExpensesAmt0857241
IRS990/PYOtherRevenueAmt01366989
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-2007827
IRS990/PYSalariesCompEmpBnftPaidAmt0538536
IRS990/PYTotalExpensesAmt08073377
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06065550
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01790790
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RentalIncomeOrLossGrp/RealAmt0-50578
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt011384174
IRS990/SavingsAndTempCashInvstGrp/EOYAmt016546573
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0FROM JANUARY 1, 2024, UNTIL MAY 3, 2024, JAMES F. GOODMON (CHAIRMAN OF THE BOARD) OWNED A CONTROLLING VOTING INTEREST, BUT NOT A CONTROLLING VALUE INTEREST, IN CAPITOL HOLDING COMPANY, INC. AND SUBSIDIARIES. FROM MAY 3, 2024, THROUGH DECEMBER 31, 2024, JAMES F. GOODMON, JR., IN HIS CAPACITY AS TRUSTEE OF THE GOODMON 2024 IRREVOCABLE VOTING STOCK TRUST, OWNED A CONTROLLING VOTING INTEREST, BUT NOT A CONTROLLING VALUE INTEREST, IN CAPITOL HOLDING COMPANY, INC. AND SUBSIDIARIES. JAMES F. GOODMON, JR. (DIRECTOR) OWNS A NON-CONTROLLING INTEREST IN CAPITOL HOLDING COMPANY, INC. AND SUBSIDIARIES. MICHAEL GOODMON (DIRECTOR) OWNS A NON-CONTROLLING INTEREST IN CAPITOL HOLDING COMPANY, INC. AND SUBSIDIARIES. FROM MAY 9, 2024, THROUGH DECEMBER 31, 2024, JAMES F. GOODMON, JR. AND MICHAEL GOODMON, IN THEIR CAPACITIES AS CO-TRUSTEES OF THE JAMES F. GOODMON, JR. 2024 IRREVOCABLE TRUST AND OF THE MICHAEL J. GOODMON 2024 IRREVOCABLE TRUST, OWNED A NON-CONTROLLING INTEREST IN CAPITOL HOLDING COMPANY, INC. AND SUBSIDIARIES.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1IN KEEPING WITH ITS MISSION OF SUPPORTING CHARITABLE ORGANIZATIONS WITH CERTAIN PURPOSES LOCATED IN NC OR SERVING NC RESIDENTS, THE A.J. FLETCHER FOUNDATION MADE GRANTS TOTALING $6,158,250 TO CHARITABLE ORGANIZATIONS INVOLVED IN THE SUPPORT OF THE ELDERLY, INFIRM OR INDIGENT, IN EDUCATION, IN ARTISTIC ENDEAVORS, IN COMMUNICATION ARTS, IN PUBLIC RECREATION AND IN FOSTERING RELIGIOUS FAITH. SEE ALSO SCHEDULE I FOR A DETAILED LIST OF ALL GRANTS PAID IN 2024. THE A. J. FLETCHER FOUNDATION OPERATES FOR THE EXCLUSIVE BENEFIT OF THE FLETCHER ACADEMY, SCHOOL OF ACHIEVEMENT, INC. (THE "FLETCHER ACADEMY") AND IN FURTHERANCE OF A PURPOSE OF THE FLETCHER ACADEMY, A DESIGNATED CLASS OF OTHER CHARITABLE ORGANIZATIONS. THE ARTICLES OF INCORPORATION OF THE A. J. FLETCHER FOUNDATION PROVIDE IN RELEVANT PART AS FOLLOWS: 2. PURPOSE. THE PURPOSES FOR WHICH THE CORPORATION IS ORGANIZED ARE: . . . B. TO SUPPORT AND AT ALL TIMES HEREAFTER TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF: (1) THE FLETCHER ACADEMY, SCHOOL OF ACHIEVEMENT, INC., A NORTH CAROLINA NONPROFIT CORPORATION, AND (2) ANY ORGANIZATION (I) DESCRIBED IN SECTION 509(A)(1) OR SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, OR THE CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAWS, (II) CONTRIBUTIONS TO WHICH ARE DEDUCTIBLE UNDER SECTIONS 170(C), 2055(A) AND 2522(A) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, OR THE CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAWS, (III) LOCATED OR CONDUCTING ANY PART OF ITS ACTIVITIES IN NORTH CAROLINA OR IN A MANNER BENEFITING RESIDENTS OF NORTH CAROLINA, AND (IV) WHICH HAS AS ONE OF ITS PURPOSES OR FUNCTIONS ANY OF THE FOLLOWING: (A) THE PROMOTION OF EDUCATION OR THE ADVANCEMENT OR PRESERVATION OF KNOWLEDGE INCLUDING, WITHOUT LIMITATION, THE OPERATION OF A SCHOOL, COLLEGE, UNIVERSITY, LIBRARY OR MUSEUM; (B) THE CARE OR SUPPORT OF THE ELDERLY, INFIRM, OR INDIGENT; (C) THE PROMOTION, ENCOURAGEMENT OR SUPPORT OF MUSICAL, THEATRICAL, VISUAL OR OTHER ARTISTIC ENDEAVORS; (D) THE PROMOTION, ENCOURAGEMENT OR SUPPORT OF MASS MEDIA OR OTHER COMMUNICATION ARTS; (E) THE PROMOTION, ENCOURAGEMENT OR SUPPORT OF PUBLIC RECREATION INCLUDING, WITHOUT LIMITATION, THE SUPPORT OF PUBLIC PARKS OR PLAYGROUNDS; OR (F) THE FOSTERING OF RELIGIOUS FAITH. THE ARTICLES OF INCORPORATION OF THE FLETCHER ACADEMY PROVIDE IN RELEVANT PART AS FOLLOWS: 4. PURPOSES. THE PURPOSES FOR WHICH THE CORPORATION IS TO BE FORMED ARE FOR SCIENTIFIC, EDUCATIONAL, AND CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1954 AND IN THIS CONNECTION, TO PROMOTE THE LEARNING ABILITIES AND WELFARE OF CHILDREN IN HOME, SCHOOL, AND COMMUNITY, TO RAISE THE STANDARDS OF HOME LIFE; AND TO BRING INTO CLOSER RELATION THE HOME AND THE SCHOOL, THAT PARENTS AND TEACHERS MAY COOPERATE INTELLIGENTLY IN THE TRAINING OF CHILDREN AND MORE SPECIFICALLY WITH THE ACHIEVEMENT SCHOOL, 2610 GLENWOOD AVE., RALEIGH, NORTH CAROLINA, . . .; TO SUPPORT OTHER ORGANIZATIONS (A) DESCRIBED IN SECTION 509(A)(1) OR SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, OR THE CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW, (B) CONTRIBUTIONS TO WHICH ARE DEDUCTIBLE UNDER SECTIONS 170(C), 2055(A) AND 2522(A) OF THE INTERNAL REVENUE CODE OF 1986 AS AMENDED, OR THE CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW, (C) LOCATED OR CONDUCTING ANY PART OF THEIR ACTIVITIES IN NORTH CAROLINA OR IN A MANNER BENEFITING RESIDENTS OF NORTH CAROLINA, AND (D) WHICH HAVE AS ONE OF THEIR PURPOSES OR FUNCTIONS ANY OF THE FOLLOWING: (I) THE PROMOTION OF EDUCATION OR THE ADVANCEMENT OR PRESERVATION OF KNOWLEDGE INCLUDING, WITHOUT LIMITATION, THE OPERATION OF A SCHOOL, COLLEGE, UNIVERSITY, LIBRARY OR MUSEUM, (II) THE CARE OR SUPPORT OF THE ELDERLY, INFIRM, OR INDIGENT, (III) THE PROMOTION, ENCOURAGEMENT OR SUPPORT OF MUSICAL, THEATRICAL, VISUAL, OR OTHER ARTISTIC ENDEAVORS, (IV) THE
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART IV, SECTION A, LINE 9B AND 9C:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION A, LINE 6:
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0581447219
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt02675000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0THE FLETCHER ACADEMY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt02675000
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03586832
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03159803
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06746635
IRS990ScheduleD/EquipmentGrp/BookValueAmt078646
IRS990ScheduleD/EquipmentGrp/DepreciationAmt074958
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0153604
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt04840429
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt02746630
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02093799
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt010205
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011178
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt021383
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05249
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt015725203
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt13462554
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt21471905
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt31000000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt4908108
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt54552794
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt67256297
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CAPITOL HOLDING COMPANY, INC. AND SUBSIDIARIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc1GLOBAL VINE, LLC
IRS990ScheduleD/OtherSecuritiesGrp/Desc2HATTERAS VENTURE PARTNERS V, L.P.
IRS990ScheduleD/OtherSecuritiesGrp/Desc3TEP CAPITOLA INVESTMENT, LLC
IRS990ScheduleD/OtherSecuritiesGrp/Desc4HATTERAS VENTURE PARTNERS VI, L.P.
IRS990ScheduleD/OtherSecuritiesGrp/Desc5TVP II
IRS990ScheduleD/OtherSecuritiesGrp/Desc6TVP/CO-INVESTMENT FUND
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd6C
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT EVALUATES ALL SIGNIFICANT TAX POSITIONS AND DOES NOT BELIEVE IT HAS TAKEN ANY POSITIONS THAT WOULD REQUIRE THE RECORDING OF ANY ADDITIONAL TAX LIABILITY, NOR DOES IT BELIEVE THAT THERE ARE ANY UNREALIZED TAX BENEFITS THAT WOULD EITHER INCREASE OR DECREASE WITHIN THE NEXT YEAR. THE ENTITIES ARE SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08516112
IRS990ScheduleD/TotalBookValueSecuritiesAmt034376861

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)3 • $250M-$1B nonprofits