Civic Intelligence

Landfall Foundation Inc.

990 • Fiscal year 2018 • EIN 56-1939554

Jan 01, 2018 to Dec 31, 2018 • Filed on Apr 08, 2019

1924 Pembroke Jones DriveWilmington, NC 28405

(910) 509-1788

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

78th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • NTEE T • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

78th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • NTEE T • $500k-$1M nonprofits • Source year 2018

Net Margin

36th percentile

-16%

Higher net margin than 36% of similar nonprofits.

2018 filings • NTEE T • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • NTEE T • $500k-$1M nonprofits • Source year 2018

Asset Growth

7th percentile

-23%

Faster asset growth than 7% of similar nonprofits.

2018 filings • NTEE T • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

45th percentile

-2.9%

Faster revenue growth than 45% of similar nonprofits.

2018 filings • NTEE T • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$329,411

Down $98,327 (-23%) from 2017

Net Assets

Down

$329,411

Down $98,327 (-23%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Down

$446,097

Down $13,276 (-2.9%) from 2017

Expenses

Up

$517,054

Up $65,561 (+15%) from 2017

Net Income

Down

-$70,957

Down $78,837 (-1000%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2011: $238,163Liabilities 2011: $0Net Assets 2011: $238,1632011Assets 2012: $268,666Liabilities 2012: $0Net Assets 2012: $268,6662012Assets 2013: $310,443Liabilities 2013: $0Net Assets 2013: $310,4432013Assets 2014: $373,750Liabilities 2014: $0Net Assets 2014: $373,7502014Assets 2015: $416,712Liabilities 2015: $0Net Assets 2015: $416,7122015Assets 2016: $402,637Liabilities 2016: $0Net Assets 2016: $402,6372016Assets 2017: $427,738Liabilities 2017: $0Net Assets 2017: $427,7382017Assets 2018: $329,411Liabilities 2018: $0Net Assets 2018: $329,4112018Assets 2019: $418,800Liabilities 2019: $1,089Net Assets 2019: $417,7112019Assets 2020: $575,983Liabilities 2020: $1,003Net Assets 2020: $574,9802020Assets 2021: $833,250Liabilities 2021: $3,137Net Assets 2021: $830,1132021Assets 2022: $830,541Liabilities 2022: $1,664Net Assets 2022: $828,8772022Assets 2023: $900,960Liabilities 2023: $8,441Net Assets 2023: $892,5192023Assets 2024: $974,985Liabilities 2024: $7,701Net Assets 2024: $967,2842024

Highlighted filing

2018

Assets$329,411
Liabilities$0
Net Assets$329,411

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2011: $246,0692011Expenses 2012: $298,8222012Revenue 2013: $339,299Expenses 2013: $304,169Net Income 2013: $35,1302013Revenue 2014: $395,610Expenses 2014: $332,456Net Income 2014: $63,1542014Revenue 2015: $486,479Expenses 2015: $416,625Net Income 2015: $69,8542015Revenue 2016: $359,069Expenses 2016: $380,910Net Income 2016: -$21,8412016Revenue 2017: $459,373Expenses 2017: $451,493Net Income 2017: $7,8802017Revenue 2018: $446,097Expenses 2018: $517,054Net Income 2018: -$70,9572018Revenue 2019: $519,153Expenses 2019: $458,701Net Income 2019: $60,4522019Revenue 2020: $648,591Expenses 2020: $513,777Net Income 2020: $134,8142020Revenue 2021: $710,915Expenses 2021: $471,656Net Income 2021: $239,2592021Revenue 2022: $680,233Expenses 2022: $586,396Net Income 2022: $93,8372022Revenue 2023: $727,481Expenses 2023: $663,839Net Income 2023: $63,6422023Revenue 2024: $791,573Expenses 2024: $716,808Net Income 2024: $74,7652024

Highlighted filing

2018

Revenue$446,097
Expenses$517,054
Net Income-$70,957
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Apr 8, 2019
Return Version
2018v3.1
Gross Receipts
$680,232
Mission and Program Overview

Mission

To provide funds to local nonprofit organizations for programs and projects that provide for the arts, education, and health and welfare of the greater Wilmington, North Carolina area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$73,079$62,536▼ $10,543
Savings and Temporary Cash Investments$10,995$12,566▲ $1,571
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$427,738$329,411▼ $98,327
Other Assets Total$343,664$254,309▼ $89,355
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$327,855$230,693▼ $97,162
Temporarily Rstr Net Assets$99,883$98,718▼ $1,165
Total Net Assets Fund Balance$427,738$329,411▼ $98,327
Total Liabilities and Net Assets / Fund Balance$427,738$329,411▼ $98,327

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Carl RoarkPresident
Abe WalstonDirector
Aimee LamyDirector
Beth McGrathDirector
Bill BellDirector
Carol EareyDirector
Carolynn LewisDirector
Cate PiechDirector
Catherine BonnetteDirector
Cecelia MarreseDirector
Clinton BrileyDirector
Donis SmithDirector
Gregory HamelinDirector
Kenneth TrojniarDirector
Kristen HarmonDirector
Lynn HildrethDirector
Martha EdgertonDirector
Michelle ClarkDirector
Olof PrestonDirector
Phil PearsallDirector
William McMillanDirector
Tom Thompson2nd V. Prsdnt
Mary McGrathAsst. Treasurer
Tammy DarazsdiAsst. Treasurer
Gary AtwellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$364,884
Program Service Revenue
$0
Investment Income
$14,107
Other Revenue
$67,106
All Other Contributions
$86,019
Change in Net Assets
$-70,957
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$500,235
Other Expenses$16,819
Total Fundraising Expense$7,163
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$489,488--$489,488
Grants to Domestic Individuals$10,747--$10,747
Fees for Services Other-$3,658-$3,658
Advertising--$3,180$3,180
Other Expenses-$2,765$3,983$2,765
Fees for Services Accounting-$1,800-$1,800
Insurance-$1,433-$1,433
Total Functional Expenses$500,235$9,656$7,163$517,054
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
DreamsWilmington, NC501c3Charitable Support$30,000
WarmWilmington, NC501c3Charitable Support$25,000
Mother Hubbards CupboardWilmington, NC501c3Charitable Support$10,000
Diaper Bank of NC Lower CFWilmington, NC501c3Charitable Support$9,500
Nourish NCWilmington, NC501c3Charitable Support$9,500
First Fruit MinistriesWilmington, NC501c3Charitable Support$9,300
Assistance League of GreaterWilmington, NC501c3Charitable Support$8,500
Brunswick Family AssistanceShallotte, NC501c3Charitable Support$8,500
Domestic Violence ShelterWilmington, NC501c3Charitable Support$8,500
Cape Fear Guardian Ad Litem AWilmington, NC501c3Charitable Support$7,500
Community Counseling CenterWilmington, NC501c3Charitable Support$7,500
Edwin A Alderman ElementaryWilmington, NC501c3Charitable Support$7,500
Family Promise of the LowerWilmington, NC501c3Charitable Support$7,500
Food Bank of Central & EasterWilmington, NC501c3Charitable Support$7,500
Girls Leadership Academy WilmWilmington, NC501c3Charitable Support$7,500
Heyward C Bellamy ElementaryWilmington, NC501c3Charitable Support$7,500
Jessie Mae Monroe ElementaryAsh, NC501c3Charitable Support$7,500
NHHS Band BoostersWilmington, NC501c3Charitable Support$7,500
Oasis NcWilmington, NC501c3Charitable Support$7,500
Sunset Park ElementaryWilmington, NC501c3Charitable Support$7,500
Topsail High Music DeptHampstead, NC501c3Charitable Support$7,500
Wheel of HopeWilmington, NC501c3Charitable Support$7,500
Wilmington Area WoodturnersHampstead, NC501c3Charitable Support$7,500
Wilmington Symphony OrchestraWilmington, NC-Charitable Support$7,500
Holly Tree Elementary SchoolWilmington, NC501c3Charitable Support$7,411
Good Shepherd CenterWilmington, NC501c3Charitable Support$7,000
Thalian Hall Ctr PerformArtsWilmington, NC501c3Charitable Support$7,000
The Wilmington Ballet CompanyWilmington, NC501c3Charitable Support$7,000
The Carousel CenterWilmington, NC501c3Charitable Support$6,500
The Hill School of WilmingtonWilmington, NC501c3Charitable Support$6,400
Brigade Boys & Girls ClubWilmington, NC501c3Charitable Support$6,300
Making Waves FoundationWilmington, NC501c3Charitable Support$6,250
4Cs Food PantryHampstead, NC501c3Charitable Support$6,000
CFCC Foundation IncWilmington, NC501c3Charitable Support$6,000
Cameron Art MuseumWilmington, NC501c3Charitable Support$6,000
Cape Fear ClinicWilmington, NC501c3Charitable Support$6,000
Cape Fear Healthnet IncWilmington, NC501c3Charitable Support$6,000
Lump to Laughter IncWville Beach, NC501c3Charitable Support$6,000
Meals on Wheels Council IncWilmington, NC501c3Charitable Support$6,000
North Carolina Jazz FestivalWilmington, NC501c3Charitable Support$6,000
StepUp Wilmington PhoenixWilmington, NC501c3Charitable Support$6,000
Thalian Association of WilmWilmington, NC501c3Charitable Support$6,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$133,330
Fundraising Direct Expenses$66,224
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$315,420$42,700$4,150$38,550
Art Show$37,422$31,277$2,598$28,679
Total Events$412,195$133,330$66,224$67,106
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 is prepared by an independent CPA, reviewed by the treasurer and made available to the full board for their review upon request.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Board members sign a conflict of interest disclosure on an annual basis.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

Form 990 is available at guidestar.org.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Upon request.

Filing and Contact Details

Filer

Filer Name
The Landfall Foundation Inc
EIN
56-1939554
Phone
9105091788
Address
1924 Pembroke Jones Drive, Wilmington, NC 28405

Signing Officer

Name
Donis Smith
Title
Treasurer
Signed
2019-04-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Magrath
Formed
1995
Legal Domicile
Nc
Voting Board Members
25
Independent Board Members
25
Employees
0
Volunteers
75

Preparer

Firm
Bearmancpa Pllc
Address
124 Cavalier Dr, WILMINGTON, NC 28403-2547
Preparer
Nigel Bearman
Phone
9105080630
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

Change in Unrealized Gains (Endowment) = -$27370

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IRS990/Form990PartVIISectionAGrp/PersonNm1Tammy Darazsdi
IRS990/Form990PartVIISectionAGrp/PersonNm2Gary Atwell
IRS990/Form990PartVIISectionAGrp/PersonNm3Mary McGrath
IRS990/Form990PartVIISectionAGrp/PersonNm4Tom Thompson
IRS990/Form990PartVIISectionAGrp/PersonNm5Catherine Bonnette
IRS990/Form990PartVIISectionAGrp/PersonNm6Bill Bell
IRS990/Form990PartVIISectionAGrp/PersonNm7Martha Edgerton
IRS990/Form990PartVIISectionAGrp/PersonNm8Michelle Clark
IRS990/Form990PartVIISectionAGrp/PersonNm9Kristen Harmon
IRS990/Form990PartVIISectionAGrp/PersonNm10Lynn Hildreth
IRS990/Form990PartVIISectionAGrp/PersonNm11Carolynn Lewis
IRS990/Form990PartVIISectionAGrp/PersonNm12Beth McGrath
IRS990/Form990PartVIISectionAGrp/PersonNm13William McMillan
IRS990/Form990PartVIISectionAGrp/PersonNm14Phil Pearsall
IRS990/Form990PartVIISectionAGrp/PersonNm15Cate Piech
IRS990/Form990PartVIISectionAGrp/PersonNm16Olof Preston
IRS990/Form990PartVIISectionAGrp/PersonNm17Donis Smith
IRS990/Form990PartVIISectionAGrp/PersonNm18Kenneth Trojniar
IRS990/Form990PartVIISectionAGrp/PersonNm19Abe Walston
IRS990/Form990PartVIISectionAGrp/PersonNm20Carol Earey
IRS990/Form990PartVIISectionAGrp/PersonNm21Clinton Briley
IRS990/Form990PartVIISectionAGrp/PersonNm22Aimee Lamy
IRS990/Form990PartVIISectionAGrp/PersonNm23Gregory Hamelin
IRS990/Form990PartVIISectionAGrp/PersonNm24Cecelia Marrese
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Asst. Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Asst. Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt42nd V. Prsdnt
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director
IRS990/Form990PartVIISectionAGrp/TitleTxt22Director
IRS990/Form990PartVIISectionAGrp/TitleTxt23Director
IRS990/Form990PartVIISectionAGrp/TitleTxt24Director
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IRS990/Form990TFiledInd0false
IRS990/FormationYr01995
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt0278865
IRS990/FundraisingDirectExpensesAmt066224
IRS990/FundraisingGrossIncomeAmt0133330
IRS990/GainOrLossGrp/SecuritiesAmt01178
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IRS990/GrantAmt0500235
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt010747
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IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
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IRS990/GrossReceiptsAmt0680232
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
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IRS990/IndivRcvdGreaterThan100KCnt00
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IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
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IRS990/InsuranceGrp/TotalAmt01433
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IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
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IRS990/IRPDocumentCnt00
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
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IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0167911
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IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt067106
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/Organization501c3Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt0254309
IRS990/OtherChangesInNetAssetsAmt0-27370
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Merchant Fees
IRS990/OtherExpensesGrp/Desc1General Operations
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02765
IRS990/OtherExpensesGrp/TotalAmt03983
IRS990/OtherExpensesGrp/TotalAmt12765
IRS990/OtherInd0X
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IRS990/OtherSalariesAndWagesGrp/TotalAmt00
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IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Mary Magrath
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0Scholarships to Individuals - see Schedule I
IRS990/ProhibitedTaxShelterTransInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.75$0.08$9.67$7.92$7.17$0.75
2023Detailed filing. Detailed filing data is available for this year.$9.01$0.08$8.93$7.27$6.64$0.64
2022Detailed filing. Detailed filing data is available for this year.$8.31$0.02$8.29$6.80$5.86$0.94
2021Detailed filing. Detailed filing data is available for this year.$8.33$0.03$8.30$7.11$4.72$2.39
2020Detailed filing. Detailed filing data is available for this year.$5.76$0.01$5.75$6.49$5.14$1.35
2019Detailed filing. Detailed filing data is available for this year.$4.19$0.01$4.18$5.19$4.59$0.60
2018Detailed filing. Detailed filing data is available for this year.$3.29$0.00$3.29$4.46$5.17$0.71
2017Detailed filing. Detailed filing data is available for this year.$4.28$0.00$4.28$4.59$4.51$0.08
2016Detailed filing. Detailed filing data is available for this year.$4.03$0.00$4.03$3.59$3.81$0.22
2015Detailed filing. Detailed filing data is available for this year.$4.17$0.00$4.17$4.86$4.17$0.70
2014Detailed filing. Detailed filing data is available for this year.$3.74$0.00$3.74$3.96$3.32$0.63
2013Detailed filing. Detailed filing data is available for this year.$3.10$0.00$3.10$3.39$3.04$0.35
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.69$0.00$2.69$2.99
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.38$0.00$2.38$2.46