Civic Intelligence

Landfall Foundation Inc.

990 • Fiscal year 2023 • EIN 56-1939554

Jan 01, 2023 to Dec 31, 2023 • Filed on Feb 27, 2024

1924 Pembroke Jones DriveWilmington, NC 28405

(203) 247-5668

Siviq Scores

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

Liabilities / Assets

85th percentile

0.01x

Higher debt load relative to assets than 85% of similar nonprofits.

2023 filings • NTEE T • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

83rd percentile

0.01x

Higher debt load relative to revenue than 83% of similar nonprofits.

2023 filings • NTEE T • $500k-$1M nonprofits • Source year 2023

Net Margin

60th percentile

8.7%

Higher net margin than 60% of similar nonprofits.

2023 filings • NTEE T • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

2023 filings • NTEE T • $500k-$1M nonprofits • Source year 2023

Asset Growth

74th percentile

8.5%

Faster asset growth than 74% of similar nonprofits.

2023 filings • NTEE T • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

54th percentile

6.9%

Faster revenue growth than 54% of similar nonprofits.

2023 filings • NTEE T • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$900,960

Up $70,419 (+8.5%) from 2022

Net Assets

Up

$892,519

Up $63,642 (+7.7%) from 2022

Liabilities

Up

$8,441

Up $6,777 (+407%) from 2022

Revenue

Up

$727,481

Up $47,248 (+6.9%) from 2022

Expenses

Up

$663,839

Up $77,443 (+13%) from 2022

Net Income

Down

$63,642

Down $30,195 (-32%) from 2022

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

2023

Assets$900,960
Liabilities$8,441
Net Assets$892,519

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

2023

Revenue$727,481
Expenses$663,839
Net Income$63,642
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Feb 27, 2024
Return Version
2023v4.0
Gross Receipts
$901,236
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
Investments in Publicly Traded Securities$535,935$599,524▲ $63,589
Savings and Temporary Cash Investments$254,814$260,860▲ $6,046
Cash and Non-Interest-Bearing Accounts$38,707$37,992▼ $715
Accounts Receivable$1,085$2,584▲ $1,499
Total Assets$830,541$900,960▲ $70,419
Liabilities
Accounts Payable and Accrued Expenses$1,664$8,441▲ $6,777
Total Liabilities$1,664$8,441▲ $6,777
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$481,032$892,519▲ $411,487
Net Assets With Donor Restrictions$347,845--
Total Net Assets Fund Balance$828,877$892,519▲ $63,642
Total Liabilities and Net Assets / Fund Balance$830,541$900,960▲ $70,419
Compensation and Service Providers

Board Members and Trustees

NameTitle
Donis SmithPresident
Bill KimbrellBoard Member
Dan LevineBoard Member
Darcee StrubeBoard Member
Gsell ClaytonBoard Member
Karin CarsonBoard Member
Kristen ShaheenBoard Member
Liz CleghornBoard Member
Michelle Clark-BradleyBoard Member
Phil LeyBoard Member
Philip MaretteBoard Member
Christina WhalenEvents
Jane CarlsonMarketing
John EarlOperations
Bob HarootyanSecretary
Cecelia MarreseTechnology
Denise BaerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$535,252
Program Service Revenue
$0
Investment Income
$88,293
Other Revenue
$103,936
All Other Contributions
$153,367
Change in Net Assets
$63,642
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$641,908
Other Expenses$21,931
Total Fundraising Expense$8,680
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$631,600--$631,600
Grants to Domestic Individuals$10,308--$10,308
Advertising--$7,798$7,798
Information Technology$4,544$150-$4,694
Occupancy$1,477$2,116-$3,593
Office Expenses-$1,247$682$1,929
Fees for Services Accounting-$1,642-$1,642
Insurance-$1,569-$1,569
Other Expenses-$341$200$341
Total Functional Expenses$647,929$7,230$8,680$663,839
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Boys & Girls Clubs of SoutheasternWilmington, NC501c3Charitable Support$10,000
Cape Fear Literacy CouncilWilmington, NC501c3Charitable Support$10,000
YWCA Lower Cape FearWilmington, NC501c3Charitable Support$10,000
Cape Fear Museum Associates IncWilmington, NC501c3Charitable Support$9,300
Rocky Point Elementary SchoolRocky Point, NC501c3Charitable Support$9,300
Wilmington Jewish Film FestivalWilmington, NC501c3Charitable Support$9,300
Young Scientist AcademyWilmington, NC501c3Charitable Support$9,300
Community Enrichment Initiatives InWilmington, NC501c3Charitable Support$9,000
Sunset Park Elementary SchoolWilmington, NC501c3Charitable Support$8,500
Soaring As Eagles Outreach MinistryWilmington, NC501c3Charitable Support$8,260
Cape Fear Clinic IncWilmington, NC501c3Charitable Support$8,000
Emma B Trask Middle School BandWilmington, NC501c3Charitable Support$8,000
Gilbert Scholarship IncWilmington, NC501c3Charitable Support$8,000
Wilmington Area Rebuilding MinistryWilmington, NC501c3Charitable Support$8,000
North Carolina Coastal FederationWrightsville Beach, NC501c3Charitable Support$7,850
Cape Fear Guardian ad Litem AssociWilmington, NC501c3Charitable Support$7,500
Child Development Center IncWilmington, NC501c3Charitable Support$7,500
Communities In Schools of Cape FearWilmington, NC501c3Charitable Support$7,500
Domestic Violence Shelter and ServiWilmington, NC501c3Charitable Support$7,500
Isaac Bear Early CollegeWilmington, NC501c3Charitable Support$7,500
Kids Making ItWilmington, NC501c3Charitable Support$7,500
MasonboroorgWilmington, NC501c3Charitable Support$7,500
Voyage Blue Ribbon Commission onWilmington, NC501c3Charitable Support$7,500
Mother Hubbards Cupboard of WilminWilmington, NC501c3Charitable Support$7,035
Cape Fear Community College FoundatWilmington, NC501c3Charitable Support$7,000
Community Counseling CenterWilmington, NC501c3Charitable Support$7,000
Good Shepherd Ministries of WilmingWilmington, NC501c3Charitable Support$7,000
NC Project LEAD IncSunset Beach, NC501c3Charitable Support$7,000
North Carolina Jazz FestivalWilmington, NC501c3Charitable Support$7,000
NourishNCWilmington, NC501c3Charitable Support$7,000
Opera House Theatre CompanyWilmington, NC501c3Charitable Support$7,000
Planned Parenthood South AtlanticWilmington, NC501c3Charitable Support$7,000
Thalian Association Community TheatWilmington, NC501c3Charitable Support$7,000
Thalian Hall Center for the PerformWilmington, NC501c3Charitable Support$7,000
St Mary Dental Clinic CorpWilmington, NC501c3Charitable Support$6,500
The Frank H Kenan Chapel at LandfaWilmington, NC501c3Charitable Support$6,500
Theatre For All IncWilmington, NC501c3Charitable Support$6,400
Communities In Schools of BrunswicSouthport, NC501c3Charitable Support$6,226
Big Dawg ProductionsWilmington, NC501c3Charitable Support$6,060
Brunswick Family AssistanceShallotte, NC501c3Charitable Support$6,000
Coastal Bringing Up Down Syndrome oWilmington, NC501c3Charitable Support$6,000
Coastal Horizons Center IncWilmington, NC501c3Charitable Support$6,000
Diaper Bank of North CarolinaDurham, NC501c3Charitable Support$6,000
Lower Cape Fear LifeCareWilmington, NC501c3Charitable Support$6,000
Meals on Wheels Council IncWilmington, NC501c3Charitable Support$6,000
North Carolina Dental Society FoundCary, NC501c3Charitable Support$6,000
John T Hoggard STAE ProgramWilmington, NC501c3Charitable Support$5,800
Assistance League of Greater WilminWilmington, NC501c3Charitable Support$5,500
Surf City Middle School BandHampstead, NC501c3Charitable Support$5,490
GHA Autism SupportsAlbemarle, NC501c3Charitable Support$5,400
Accessible Coastal Carolina EventsWilmington, NC501c3Charitable Support$5,000
Autism Society of North CarolinaRaleigh, NC501c3Charitable Support$5,000
Canines for ServiceWilmington, NC501c3Charitable Support$5,000
Cape Fear HealthNetWilmington, NC501c3Charitable Support$5,000
Cape Fear Kids Get BooksWilmington, NC--$5,000
Going Beyond the PinkWilmington, NC501c3Charitable Support$5,000
International School at GregoryWilmington, NC501c3Charitable Support$5,000
Louise Wells Cameron Art MuseumWilmington, NC501c3Charitable support$5,000
Making Waves FoundationWilmington, NC501c3Charitable Support$5,000
National Inventors Hall of FameNorth Canton, OH501c3Charitable Support$5,000
Port City Music FestivalWilmington, NC501c3Charitable support$5,000
She ROCKS IncWilmington, NC501c3Charitable Support$5,000
StepUp WilmingtonWilmington, NC501c3Charitable Support$5,000
The Airlie Gardens Foundation IncWilmington, NC501c3Charitable support$5,000
The Carousel Center IncWilmington, NC501c3Charitable Support$5,000
The Food Bank of Central & EasternWilmington, NC501c3Charitable Support$5,000
paws4people foundationWilmington, NC501c3Charitable Support$5,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$276,926
Fundraising Direct Expenses$173,755
Gaming Gross Income$765
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$447,969$115,633$8,446$107,187
Art Show$111,370$102,660$75,164$27,496
Total Events$658,811$276,926$173,755$103,171
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
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
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

Committee meeting documentation Part VI line 8B

The organization does not have committees within the Board of Directors.

Form 990 governing body review Part VI line 11

The 990 is reviewed by the Board Treasurer and made available to the full board for their review upon request.

Conflict of interest policy compliance Part VI line 12C

Annually each board member signs a new conflict of interest statement. Board Members announce when then need to be recused from a decision.

Form 990 availability to public Part VI line 18

The 990 is available via guidestar.org, through a link from the organizations website and is available upon request.

Governing documents etc available to public Part VI line 19

Upon request.

Filing and Contact Details

Filer

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

Signing Officer

Name
Denise Baer
Title
Treasurer
Phone
2032475668
Signed
2024-02-27
Discuss with paid preparer
No

Organization Details

Principal Officer
Donis Smith
Formed
1995
Legal Domicile
Nc
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
15

Preparer

Firm
Donna Meacham CPA
Address
3205 Bougainville Way, Wilmington, NC 28409
Preparer
Donna Meacham CPA
Phone
9102975603
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Document Assets

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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