Civic Intelligence

Gfwc of North Carolina Inc

EIN 56-0466492 • 501(c)3 • Raleigh, NC

Profile

The gfwc of north carolina is a member of the general federation of women's clubs and its purpose is to unite member clubs into a statewide charitable organization of volunteers for the promotion of education, community service, fellowship, and leadership development.

7474 Creedmoor Road 310Raleigh, NC 27613

www.gfwcnc.org

Siviq Scores

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

Liabilities / Assets

27th percentile

0.02x

Higher debt load relative to assets than 27% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

40th percentile

0.13x

Higher debt load relative to revenue than 40% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2025

Net Margin

52nd percentile

5.5%

Higher net margin than 52% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

37th percentile

$35,206

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 12.3% of source-year revenue.

NTEE S • $1M-$5M nonprofits • Source year 2025

Asset Growth

60th percentile

8.2%

Faster asset growth than 60% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

46th percentile

4.4%

Faster revenue growth than 46% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$1,563,299

Up $124,297 (+8.6%) from 2023

Liabilities

Down

$13,606

Down $16,542 (-55%) from 2023

Net Assets

Up

$1,549,693

Up $140,839 (+10.0%) from 2023

Revenue

Up

$273,677

Up $108,860 (+66%) from 2023

Expenses

Up

$242,178

Up $19,383 (+8.7%) from 2023

Net Income

Up

$31,499

Up $89,477 (+154%) from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,211,855Liabilities 2011: $9,013Net Assets 2011: $1,202,8422011Assets 2012: $1,101,442Liabilities 2012: $21,139Net Assets 2012: $1,080,3032012Assets 2013: $1,035,216Liabilities 2013: $13,726Net Assets 2013: $1,021,4902013Assets 2014: $1,038,210Liabilities 2014: $8,357Net Assets 2014: $1,029,8532014Assets 2015: $947,973Liabilities 2015: $4,210Net Assets 2015: $943,7632015Assets 2016: $894,735Liabilities 2016: $3,750Net Assets 2016: $890,9852016Assets 2017: $1,108,952Liabilities 2017: $2,311Net Assets 2017: $1,106,6412017Assets 2018: $1,199,376Liabilities 2018: $1,759Net Assets 2018: $1,197,6172018Assets 2019: $1,219,968Liabilities 2019: $38,131Net Assets 2019: $1,181,8372019Assets 2020: $1,302,185Liabilities 2020: $13,567Net Assets 2020: $1,288,6182020Assets 2021: $1,595,039Liabilities 2021: $22,702Net Assets 2021: $1,572,3372021Assets 2022: $1,367,754Liabilities 2022: $27,675Net Assets 2022: $1,340,0792022Assets 2023: $1,439,002Liabilities 2023: $30,148Net Assets 2023: $1,408,8542023Assets 2024: $1,563,299Liabilities 2024: $13,606Net Assets 2024: $1,549,6932024

Highlighted filing

2024

Assets$1,563,299
Liabilities$13,606
Net Assets$1,549,693

Operations Trend

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

$400K$200K$0-$200KRevenue 2011: $276,281Expenses 2011: $336,875Net Income 2011: -$60,5942011Expenses 2012: $355,6532012Expenses 2013: $315,7712013Revenue 2014: $267,388Expenses 2014: $356,714Net Income 2014: -$89,3262014Revenue 2015: $235,192Expenses 2015: $289,855Net Income 2015: -$54,6632015Revenue 2016: $290,359Expenses 2016: $253,611Net Income 2016: $36,7482016Revenue 2017: $382,030Expenses 2017: $215,465Net Income 2017: $166,5652017Revenue 2018: $320,973Expenses 2018: $230,883Net Income 2018: $90,0902018Revenue 2019: $370,469Expenses 2019: $358,164Net Income 2019: $12,3052019Revenue 2020: $231,310Expenses 2020: $161,412Net Income 2020: $69,8982020Revenue 2021: $246,779Expenses 2021: $153,558Net Income 2021: $93,2212021Revenue 2022: $315,194Expenses 2022: $218,384Net Income 2022: $96,8102022Revenue 2023: $164,817Expenses 2023: $222,795Net Income 2023: -$57,9782023Revenue 2024: $273,677Expenses 2024: $242,178Net Income 2024: $31,4992024

Highlighted filing

2024

Revenue$273,677
Expenses$242,178
Net Income$31,499

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.56$0.01$1.55$0.27$0.24$0.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.44$0.03$1.41$0.16$0.22$0.06
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.37$0.03$1.34$0.32$0.22$0.10
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.60$0.02$1.57$0.25$0.15$0.09
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$0.01$1.29$0.23$0.16$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.22$0.04$1.18$0.37$0.36$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$0.00$1.20$0.32$0.23$0.09
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$0.00$1.11$0.38$0.22$0.17
2016Detailed filing. Detailed filing data is available for this year.$0.89$0.00$0.89$0.29$0.25$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.95$0.00$0.94$0.24$0.29$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.04$0.01$1.03$0.27$0.36$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$0.01$1.02$0.32
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$0.02$1.08$0.36
2011Summary only. Only limited summary data is available for this year.$1.21$0.01$1.20$0.28$0.34$0.06
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Feb 6, 2023
Return Version
2021v4.0
Gross Receipts
$1,328,055
Mission and Program Overview

Mission

The gfwc of north carolina is a member of the general federation of women's clubs and its purpose is to unite member clubs into a statewide charitable organization of volunteers for the promotion of education, community service, fellowship, and leadership development.

To unite member clubs into a statewide charitable organization of volunteers for the promotion of education, community service, fellowship, and leadership development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,418,394$1,184,255▼ $234,139
Cash and Non-Interest-Bearing Accounts$118,553$118,241▼ $312
Savings and Temporary Cash Investments$47,188$50,542▲ $3,354
Prepaid Expenses and Deferred Charges$6,189$7,283▲ $1,094
Inventories for Sale or Use$3,107$5,974▲ $2,867
Land, Buildings, and Equipment, Net$1,608$1,202▼ $406
Accounts Receivable-$257-
Total Assets$1,595,039$1,367,754▼ $227,285
Liabilities
Grants Payable$6,267$17,812▲ $11,545
Unsecured Notes Loans Payable$11,750--
Accounts Payable and Accrued Expenses$4,685$9,863▲ $5,178
Total Liabilities$22,702$27,675▲ $4,973
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,328,252$1,119,674▼ $208,578
Net Assets Without Donor Restrictions$244,085$220,405▼ $23,680
Total Net Assets Fund Balance$1,572,337$1,340,079▼ $232,258
Total Liabilities and Net Assets / Fund Balance$1,595,039$1,367,754▼ $227,285

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,202$10,807$12,009

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$1,144,918$12,702▼ $173,791$21,660$962,169
2020$940,653$11,195▲ $219,201$26,131$1,144,918
2019$911,670$15,309▲ $42,592$28,918$940,653
2018$983,548$20,184▲ $38,514$130,576$911,670
2017$949,312$29,512▲ $55,549$50,825$983,548
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jill DedeneExecutive DiPT$29,974$29,974

Board Members and Trustees

NameTitle
CRYSTAL O'NEALPresident
Kim FulcherPresident-el
Dottie JenningsBoard Truste
Ellen PattersonBoard Truste
Gay WarrenBoard Truste
Georgann Athanaelous SappBoard Truste
Peggy SchiavoneBoard Truste
Angela Moss3rd VP/jr Di
Pam MedianoDean Comm Se
Hope HockadayDirect-elect
Karen ThrockmortonFirst Vice-p
Ellen CreasmanJunior Secre
Heather BolickRecording Se
Stephanie WallaceSecondvice-p
Cindy HewettTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$149,875
Program Service Revenue
$44,309
Investment Income
$111,579
Other Revenue
$9,431
All Other Contributions
$19,823
Change in Net Assets
$96,810

Audited Revenue Reconciliation

Revenue per Audited Statements
$306,486
Revenue Not Reported on Financial Statements
$8,708
Revenue Not Reported on Form 990
$-320,360
Total Revenue per Audited Statements
$-13,874
Total Revenue per Form 990
$315,194
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$140,296
Salaries, Compensation, and Employee Benefits$62,238
Total Fundraising Expense$22,560
Grants and Similar Amounts Paid$15,850
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$45,705-$14,898$60,603
Payments to Affiliates$32,000$230$75$32,305
Current Officers, Directors, Trustees, and Key Employees$19,933$7,643$2,398$29,974
Other Salaries and Wages$18,285$7,012$2,200$27,497
Grants to Domestic Individuals$15,850--$15,850
Office Expenses$11,563$2,464-$14,027
Fees for Services Accounting-$11,605-$11,605
Information Technology$4,809$534-$5,343
Payroll Taxes$3,170$1,216$381$4,767
Occupancy$2,568$985$309$3,862
Insurance-$1,675-$1,675
Other Expenses$991$1,987$2,267$991
All Other Expenses-$440-$440
Depreciation Depletion$270$104$32$406
Total Functional Expenses$159,929$35,895$22,560$218,384

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$218,384
Total Expenses per Audited Statements$218,384
Total Expenses per Form 990$218,384
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$9,602
Fundraising Direct Expenses$177
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Ccwc-the Lucy a$18,915---
Fundraising - G$9,602$9,602$177$9,425
Total Events$28,517$9,602$177$9,425
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7B

The majority of day-to-day organization business is governed by the executive committee. The entire board of directors, approximately 250 members, meets annually for elections, bylaws and resolutions changes and certain other business which is subject to a vote.

Form 990, Page 6, Part VI, Line 11B

The organization's form 990 is reviewed by the board of trustees along with the executive director prior to its filing.

Form 990, Page 6, Part VI, Line 12C

An ethics policy which addresses conflict of interest and confidentiality issues is given to each gfwc-nc officer and trustee to sign off on upon their election. These are kept in the office with the financial policies and made available to any member upon request. In addition, each officer and trustee signs bi-annual statements stating that they have read, understand and agree to comply with the policy. To ensure the organization operates in a manner consistent with charitable purposes, periodic reviews are conducted which ensure that compensation arrangements and benefits are reasonable and business deals are properly recorded, reflect reasonable investment or payments for goods and services, and do not result in inurement, impermissible private benefit, or an excess benefit transaction.

Form 990, Page 6, Part VI, Line 15A

The personnel committee annually evaluates the executive director's salary and makes recommendations based on performance and a review of comparability data including compensation for positions at similar organizations across the state. The personnel committee is comprised of members of the executive committee, board of trustees and finance committee. The executive director reviews salaries of all other personnel on an annual basis and submits proposed adjustements to the personnel committee for approval.

Form 990, Page 6, Part VI, Line 19

All gfwc governing documents, charter, articles of incorporation, signed ethics policies, financial policies, audit reports and monthly financial statements are kept at headquarters office, but are made available to the public. Our bylaws, policies and procedures, and budget are published in our administration book.

Filing and Contact Details

Filer

Filer Name
Gfwc of North Carolina Inc
EIN
56-0466492
Phone
9197908684
Address
7474 CREEDMOOR ROAD 310, RALEIGH, NC 27613

Signing Officer

Name
CRYSTAL O'NEAL
Title
President
Phone
9197908684
Signed
2023-02-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
CRYSTAL O'NEAL
Formed
1902
Legal Domicile
Nc
Voting Board Members
15
Independent Board Members
15
Employees
2
Volunteers
16

Preparer

Firm
Sharpe Patel CPA
Address
325 ARLINGTON AVE STE 510, CHARLOTTE, NC 28203-4489
Preparer
Megan Rushford CPA
Phone
7044993893
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The gfwc of north carolina is a menber of the general federation of women's clubs and its purpose is to unite member clubs into a statewide charitable organization of volunteers for the promotion of education, community service, fellowship, and leadership development.

Form 990, Page 12, Part XII, Line 2C

The process has not changed from prior year.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The organization uses the endowment funds to supplement their budget for operational expenditures.

Schedule D, Page 3, Part X

The organization is exempt from income taxes as a nonprofit organization under section 501(c)(3) of the internal revenue code. In addition, the organization qualifies for the charitable contribution donation under section 170(b)(1)(a) and has been classified as an organization other than a private foundation under section 509(a)(2).during the year ended june 30, 2022 and 2021, the organization reported no unrelated business taxable income which is defined by the irs as gross income derived from any unrelated trade or business that is not substantially related to the organizations tax-exempt purpose. Accordingly, no provision for income taxes has been recorded. The provisions of fasb asc 740, income taxes, require the organization to evaluate uncertain income tax provisions 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 tax return, only when it is determined that the income tax position will morelikely-than-not be sustained upon examination by taxing authorities. The organization believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the organizations financial condition, results of operations or cash flows. Accordingly, the organization has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at june 30, 2022 and 2021.

Raw XML AppendixShowing 400 of 575 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.

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IRS990/Form990PartVIISectionAGrp/PersonNm14KAREN THROCKMORTON
IRS990/Form990PartVIISectionAGrp/PersonNm15STEPHANIE WALLACE
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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD TRUSTE
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD TRUSTE
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD TRUSTE
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD TRUSTE
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD TRUSTE
IRS990/Form990PartVIISectionAGrp/TitleTxt6RECORDING SE
IRS990/Form990PartVIISectionAGrp/TitleTxt7JUNIOR SECRE
IRS990/Form990PartVIISectionAGrp/TitleTxt8PRESIDENT-EL
IRS990/Form990PartVIISectionAGrp/TitleTxt9TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECT-ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt11DEAN COMM SE
IRS990/Form990PartVIISectionAGrp/TitleTxt123RD VP/JR DI
IRS990/Form990PartVIISectionAGrp/TitleTxt13PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt14FIRST VICE-P
IRS990/Form990PartVIISectionAGrp/TitleTxt15SECONDVICE-P
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IRS990/MissionDesc0THE GFWC OF NORTH CAROLINA IS A MENBER OF THE GENERAL FEDERATION OF WOMEN'S CLUBS AND ITS PURPOSE IS TO UNITE MEMBER CLUBS INTO A STATEWIDE CHARITABLE ORGANIZATION OF VOLUNTEERS FOR THE PROMOTION OF EDUCATION, COMMUNITY SERVICE, FELLOWSHIP, AND LEADERSHIP DEVELOPMENT.
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IRS990/ProgSrvcAccomActy2Grp/Desc0SCHOLARSHIPS: SALLIE SOUTHALL COTTEN IS A FOUR YEAR ANNUAL SCHOLARSHIP GIVEN TO AN ACADEMIC AND WELL-ROUNDED STUDENT. COMPETITION IS BASED ON THE NINE DISTRICT WINNERS WHICH ARE ALL INTERVIEWED AND JUDGED AT THE ANNUAL GFWC-NC STATE ARTS FESTIVAL. THE GFWC-NC GREESON-JOHNSON TEACHING SCHOLARSHIP IS A 2,000 SCHOLARSHIP AWARDED ANNUALLY AT APPALACHIAN STATE UNIVERSITY TO A JUNIOR OR SENIOR STUDENT FROM NORTH CAROLINA WHO IS ENROLLED IN THE TEACHER EDUCATION PROGRAM WITHIN THE REICH COLLEGE OF EDUCATION.
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IRS990/ProgSrvcAccomActy3Grp/Desc0ARTS FESTIVAL: HELD ANNUALLY, IT IS A CELEBRATION OF THE ARTS WHICH IS NEARLY AS OLD AS OUR ORGANIZATION. COMPETITION AND VARIOUS MEDIUMS BASED ON DISTRICT WINNERS ARE HELD FOR BOTH CLUBWOMEN AND STUDENTS. STUDENT WINNERS RECEIVE SCHOLARSHIPS. THE ONE DAY EVENT IS HELD AT COMMUNITY CENTER, MEBANE, NC. WINNERS ARE FROM THE ENTIRE STATE AND IT IS ADVERTISED IN OUR GFWC-NC ADMINISTRATION BOOK WHICH LOCAL CLUBS SHARE WITH THEIR AREA SCHOOLS.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0105759
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