Liabilities / Assets
19th percentile
Tied with the lowest-debt nonprofits in its peer group.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
19th percentile
Tied with the lowest-debt nonprofits in its peer group.
Liabilities / Revenue
19th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
2nd percentile
Higher net margin than 2% of similar nonprofits.
Top Officer Pay
45th percentile
Higher top officer pay than 45% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
1st percentile
Faster asset growth than 1% of similar nonprofits.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Assets
Down$69,345
Down $1,558,865 (-96%) from 2013
Net Assets
Down$69,345
Down $928,790 (-93%) from 2013
Liabilities
Down$0
Down $630,075 (-100%) from 2013
Revenue
$942,441
No earlier filing loaded for comparison.
Expenses
Up$1,871,231
Up $1,151,832 (+160%) from 2013
Net Income
-$928,790
No earlier filing loaded for comparison.
The war memorial foundation, inc. ("the foundation"), was chartered by the state of north carolina in 2009. The foundation is organized exclusively for benevolent, historic and education purposes within the meaning of section 501(c)(3) of the internal revenue code, including, for such purposes, the making of distributions to organizations that also qualify as section 501(c)(3) exempt organizations. The foundation pursues projects that specifically honor the service men and women of the united states armed forces and their families. All funds, whether income or principal, and whether acquired by gift or contribution or otherwise, are devoted to said purpose. The foundation's revenues are generated from grants, donations and fund raising activities. The foundation was organized for the following purposes: 1.the war memorial foundation is organized exclusively for benevolent, historic and educational purposes and shall pursue projects that specifically honor the service men and women of t
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Pledges and Grants Receivable | $323,000 | - | - |
| Cash and Non-Interest-Bearing Accounts | $1,305,210 | $69,345 | ▼ $1,235,865 |
| Total Assets | $1,628,210 | $69,345 | ▼ $1,558,865 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $630,075 | - | - |
| Total Liabilities | $630,075 | $0 | ▼ $630,075 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $998,135 | $69,345 | ▼ $928,790 |
| Total Net Assets Fund Balance | $998,135 | $69,345 | ▼ $928,790 |
| Total Liabilities and Net Assets / Fund Balance | $1,628,210 | $69,345 | ▼ $1,558,865 |
| Name | Title |
|---|---|
| Scott Matthews | President |
| Bill Moss | Director |
| Bruce Davis | Director |
| Dan Hood | Director |
| Danny Bracken | Director |
| David R Plyler | Director |
| Laura I Wiley | Director |
| ROB O'HANLON | Director |
| Tom Dayvault | Director |
| William H Knight | Secretary |
| George Ofanedes | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $1,871,231 |
| Total Fundraising Expense | $113,896 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Other | $1,754,987 | - | - | $1,754,987 |
| Fees for Services Management | - | - | $58,043 | $58,043 |
| Advertising | - | - | $51,289 | $51,289 |
| Office Expenses | - | $967 | $4,024 | $4,991 |
| Insurance | - | $1,381 | - | $1,381 |
| Information Technology | - | - | $540 | $540 |
| Total Functional Expenses | $1,754,987 | $2,348 | $113,896 | $1,871,231 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $1,871,231 |
| Total Expenses per Audited Statements | $1,871,231 |
| Total Expenses per Form 990 | $1,871,231 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“Reviewed by members of the board of directors.”
“UPON REQUEST.”
“The war memorial foundation, inc. ("the foundation"), was chartered by the state of north carolina in 2009. The foundation is organized exclusively for benevolent, historic and education purposes within the meaning of section 501(c)(3) of the internal revenue code, including, for such purposes, the making of distributions to organizations that also qualify as section 501(c)(3) exempt organizations. The foundation pursues projects that specifically honor the service men and women of the united states armed forces and their families. All funds, whether income or principal, and whether acquired by gift or contribution or otherwise, are devoted to said purpose. The foundation's revenues are generated from grants, donations and fund raising activities. The foundation was organized for the following purposes: 1.the war memorial foundation is organized exclusively for benevolent, historic and educational purposes and shall pursue projects that specifically honor the service men and women of the united states armed forces and their families. 2.to develop and construct the carolina field of honor in the triad park to offer recreation and education for the triad region. The carolina field of honor will consist of a parade deck and a memorial with a fountain.”
“The foundation was organized for the following purposes: 1.the war memorial foundation is organized exclusively for benevolent, historic and educational purposes and shall pursue projects that specifically honor the service men and women of the united states armed forces and their families. 2.to develop and construct the carolina field of honor in the triad park to offer recreation and education for the triad region. The carolina field of honor will consist of a parade deck and a memorial with a fountain.”
“Carolina field of honor 1,754,987 0 0”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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|---|---|---|
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| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | THE WAR MEMORIAL FOUNDATION, INC. ("THE FOUNDATION"), WAS CHARTERED BY THE STATE OF NORTH CAROLINA IN 2009. THE FOUNDATION IS ORGANIZED EXCLUSIVELY FOR BENEVOLENT, HISTORIC AND EDUCATION PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT ALSO QUALIFY AS SECTION 501(C)(3) EXEMPT ORGANIZATIONS. THE FOUNDATION PURSUES PROJECTS THAT SPECIFICALLY HONOR THE SERVICE MEN AND WOMEN OF THE UNITED STATES ARMED FORCES AND THEIR FAMILIES. ALL FUNDS, WHETHER INCOME OR PRINCIPAL, AND WHETHER ACQUIRED BY GIFT OR CONTRIBUTION OR OTHERWISE, ARE DEVOTED TO SAID PURPOSE. THE FOUNDATION'S REVENUES ARE GENERATED FROM GRANTS, DONATIONS AND FUND RAISING ACTIVITIES. THE FOUNDATION WAS ORGANIZED FOR THE FOLLOWING PURPOSES: 1.THE WAR MEMORIAL FOUNDATION IS ORGANIZED EXCLUSIVELY FOR BENEVOLENT, HISTORIC AND EDUCATIONAL PURPOSES AND SHALL PURSUE PROJECTS THAT SPECIFICALLY HONOR THE SERVICE MEN AND WOMEN OF T |
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| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/Desc | 0 | THE WAR MEMORIAL FOUNDATION, INC. ("THE FOUNDATION"), WAS CHARTERED BY THE STATE OF NORTH CAROLINA IN 2009. THE FOUNDATION IS ORGANIZED EXCLUSIVELY FOR BENEVOLENT, HISTORIC AND EDUCATION PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT ALSO QUALIFY AS SECTION 501(C)(3) EXEMPT ORGANIZATIONS. THE FOUNDATION PURSUES PROJECTS THAT SPECIFICALLY HONOR THE SERVICE MEN AND WOMEN OF THE UNITED STATES ARMED FORCES AND THEIR FAMILIES. ALL FUNDS, WHETHER INCOME OR PRINCIPAL, AND WHETHER ACQUIRED BY GIFT OR CONTRIBUTION OR OTHERWISE, ARE DEVOTED TO SAID PURPOSE. THE FOUNDATION'S REVENUES ARE GENERATED FROM GRANTS, DONATIONS AND FUND RAISING ACTIVITIES. THE FOUNDATION WAS ORGANIZED FOR THE FOLLOWING PURPOSES: 1.THE WAR MEMORIAL FOUNDATION IS ORGANIZED EXCLUSIVELY FOR BENEVOLENT, HISTORIC AND EDUCATIONAL PURPOSES AND SHALL PURSUE PROJECTS THAT SPECIFICALLY HONOR THE SERVICE MEN AND WOMEN OF THE UNITED STATES ARMED FORCES AND THEIR FAMILIES. 2.TO DEVELOP AND CONSTRUCT THE CAROLINA FIELD OF HONOR IN THE TRIAD PARK TO OFFER RECREATION AND EDUCATION FOR THE TRIAD REGION. THE CAROLINA FIELD OF HONOR WILL CONSIST OF A PARADE DECK AND A MEMORIAL WITH A FOUNTAIN. |
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| IRS990/MissionDesc | 0 | THE WAR MEMORIAL FOUNDATION, INC. ("THE FOUNDATION"), WAS CHARTERED BY THE STATE OF NORTH CAROLINA IN 2009. THE FOUNDATION IS ORGANIZED EXCLUSIVELY FOR BENEVOLENT, HISTORIC AND EDUCATION PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT ALSO QUALIFY AS SECTION 501(C)(3) EXEMPT ORGANIZATIONS. THE FOUNDATION PURSUES PROJECTS THAT SPECIFICALLY HONOR THE SERVICE MEN AND WOMEN OF THE UNITED STATES ARMED FORCES AND THEIR FAMILIES. ALL FUNDS, WHETHER INCOME OR PRINCIPAL, AND WHETHER ACQUIRED BY GIFT OR CONTRIBUTION OR OTHERWISE, ARE DEVOTED TO SAID PURPOSE. THE FOUNDATION'S REVENUES ARE GENERATED FROM GRANTS, DONATIONS AND FUND RAISING ACTIVITIES. THE FOUNDATION WAS ORGANIZED FOR THE FOLLOWING PURPOSES: 1.THE WAR MEMORIAL FOUNDATION IS ORGANIZED EXCLUSIVELY FOR BENEVOLENT, HISTORIC AND EDUCATIONAL PURPOSES AND SHALL PURSUE PROJECTS THAT SPECIFICALLY HONOR THE SERVICE MEN AND WOMEN OF T |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | true |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 1871231 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 942441 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 1871231 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 942441 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 942441 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 1871231 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1 | 0 | HICAPS INC |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt | 0 | BOARD MEMBER |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd | 0 | false |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc | 0 | CONSTRUCTION |
| IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt | 0 | DANIEL M. HOOD IS A BOARD MEMBER AND OFFICER AND OWNER OF HICAPS, INC. THE WAR MEMBORIAL FOUNDATION ENTERED INTO A CONTRACT WITH HICAPS, INC. TO CONSTRUCT THE CAROLINA FIELD OF HONOR FOR COST PLUS A 3% OVERHEAD FEE. FOR THE YEAR ENDED SEPTEMBER 30, 2014, THE WAR MEMORIAL FOUNDATION INCURRED 1,754,987 IN CONSTRUCTION COSTS TO HICAPS, INC. INCLUDING A 3% OVERHEAD FEE IN THE AMOUNT OF 52,650. |
| IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE L, PART V |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE WAR MEMORIAL FOUNDATION, INC. ("THE FOUNDATION"), WAS CHARTERED BY THE STATE OF NORTH CAROLINA IN 2009. THE FOUNDATION IS ORGANIZED EXCLUSIVELY FOR BENEVOLENT, HISTORIC AND EDUCATION PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT ALSO QUALIFY AS SECTION 501(C)(3) EXEMPT ORGANIZATIONS. THE FOUNDATION PURSUES PROJECTS THAT SPECIFICALLY HONOR THE SERVICE MEN AND WOMEN OF THE UNITED STATES ARMED FORCES AND THEIR FAMILIES. ALL FUNDS, WHETHER INCOME OR PRINCIPAL, AND WHETHER ACQUIRED BY GIFT OR CONTRIBUTION OR OTHERWISE, ARE DEVOTED TO SAID PURPOSE. THE FOUNDATION'S REVENUES ARE GENERATED FROM GRANTS, DONATIONS AND FUND RAISING ACTIVITIES. THE FOUNDATION WAS ORGANIZED FOR THE FOLLOWING PURPOSES: 1.THE WAR MEMORIAL FOUNDATION IS ORGANIZED EXCLUSIVELY FOR BENEVOLENT, HISTORIC AND EDUCATIONAL PURPOSES AND SHALL PURSUE PROJECTS THAT SPECIFICALLY HONOR THE SERVICE MEN AND WOMEN OF THE UNITED STATES ARMED FORCES AND THEIR FAMILIES. 2.TO DEVELOP AND CONSTRUCT THE CAROLINA FIELD OF HONOR IN THE TRIAD PARK TO OFFER RECREATION AND EDUCATION FOR THE TRIAD REGION. THE CAROLINA FIELD OF HONOR WILL CONSIST OF A PARADE DECK AND A MEMORIAL WITH A FOUNTAIN. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE FOUNDATION WAS ORGANIZED FOR THE FOLLOWING PURPOSES: 1.THE WAR MEMORIAL FOUNDATION IS ORGANIZED EXCLUSIVELY FOR BENEVOLENT, HISTORIC AND EDUCATIONAL PURPOSES AND SHALL PURSUE PROJECTS THAT SPECIFICALLY HONOR THE SERVICE MEN AND WOMEN OF THE UNITED STATES ARMED FORCES AND THEIR FAMILIES. 2.TO DEVELOP AND CONSTRUCT THE CAROLINA FIELD OF HONOR IN THE TRIAD PARK TO OFFER RECREATION AND EDUCATION FOR THE TRIAD REGION. THE CAROLINA FIELD OF HONOR WILL CONSIST OF A PARADE DECK AND A MEMORIAL WITH A FOUNTAIN. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | REVIEWED BY MEMBERS OF THE BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | CAROLINA FIELD OF HONOR 1,754,987 0 0 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 2, PART III, LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART IX, LINE 11G |
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| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | NC |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TempOrPermanentEndowmentsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 1628210 |
| IRS990/TotalAssetsEOYAmt | 0 | 69345 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 1628210 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 69345 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 942441 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 113896 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 2348 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 1754987 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 1871231 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 630075 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 630075 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 998135 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 69345 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 1754987 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 942441 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 1628210 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 69345 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UnrestrictedNetAssetsGrp/BOYAmt | 0 | 998135 |
| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | 69345 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1 | 0 | 2514 BRANDT FOREST COURT |
| IRS990/USAddress/City | 0 | GREENSBORO |
| IRS990/USAddress/State | 0 | NC |
| IRS990/USAddress/ZIPCode | 0 | 27455 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 11 |
| IRS990/VotingMembersIndependentCnt | 0 | 11 |
| IRS990/WebsiteAddressTxt | 0 | WWW.NCWMF.ORG |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2016-04-25 22:37:26Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | SCOTT MATTHEWS |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2015-05-18 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1 | 0 | THE WAR MEMORIAL FOUNDATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | WARM |
| ReturnHeader/Filer/EIN | 0 | 262187703 |
| ReturnHeader/Filer/USAddress/AddressLine1 | 0 | 600 NORTH REGIONAL ROAD |
| ReturnHeader/Filer/USAddress/City | 0 | GREENSBORO |
| ReturnHeader/Filer/USAddress/State | 0 | NC |
| ReturnHeader/Filer/USAddress/ZIPCode | 0 | 27409 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 561425237 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1 | 0 | O DOUGLAS COVINGTON |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1 | 0 | 1031 SUMMIT AVE STE 2E1 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City | 0 | GREENSBORO |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State | 0 | NC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode | 0 | 27405 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3362725618 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2015-08-10 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | O DOUGLAS COVINGTON |
| ReturnHeader/ReturnTs | 0 | 2015-08-10T12:49:08-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2013-10-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2014-09-30 |
| ReturnHeader/TaxYr | 0 | 2013 |
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Displayed year
2014 • Form 990Detailed filing. Detailed filing data is available for this year.