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EIN 85-3563370

New Hanover Community Endowment

IRS 501(c) type
501(c)(3)
Num. employees
6
City
Wilmington
State
North Carolina
Year formed
2020
Most recent tax filings
2022-12-01
NTEE code, primary
T31: Community Foundations
Description
New Hanover Community Endowment improves the health, education, safety, and economic opportunity of every person in our community by providing financial support. The organization focuses on public primary, secondary, and post-secondary education; health and social equity; and community development.
Total revenues
$-36,712,168
2022
Total expenses
$10,626,455
2022
Total assets
$1,208,160,901
2022
Num. employees
6
2022

Program areas at New Hanover Community Endowment

Providing financial support to benefit the residents of New Hanover County and region. New Hanover Community Endowment, Inc. focuses on (1) public primary, secondary, and post-secondary education, (2) health and social equity, (3) community development, and (4) community safety in furtherance of the mission and initiatives of New Hanover County.

Grants made by New Hanover Community Endowment

GranteeGrant descriptionAmount
Catholic Charities of the Diocese of RaleighCatholic Charities Cape Fear Regional Office Providing Help To Our Brothers and Sisters in Need By Alleviating the Effects of Poverty and Creating Hope By Developing Solutions To Transform Lives.this Grant Will Support Capital Expenditures.$531,000
Cape Fear Community College FoundationThe Mission of Cape Fear Community College Is To Provide High-Quality, Dynamic, Innovative, Educational, Cultural, Training and Workforce Development Opportunities To Individuals, Businesses, and Industries in New Hanover and Pender Counties.this Grant Will Support Capital Improvements To Establish A Childcare Center.$500,000
Good Shepherd Ministries of WilmingtonTo Feed the Hungry, Shelter the Homeless, and Foster Transition To Housing.this Grant Will Support the Rapid Rehousing Program.$250,000
...and 79 more grants made totalling $7,616,493

Personnel at New Hanover Community Endowment

NameTitleCompensation
William BusterChief Executive Officer and President$329,167
Lakesha McDayVice President of Programs and Operations$72,917
Joel BeesonPast Treasurer$56,875
Bill CameronBoard Chair$0
Spence H. BroadhurstBoard Member$0
...and 1 more key personnel

Financials for New Hanover Community Endowment

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$0
Investment income and dividends$24,234,447
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-60,946,615
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$-36,712,168

Form 990s for New Hanover Community Endowment

Fiscal year endingDate received by IRSFormPDF link
2022-122023-08-23990View PDF
2021-122022-10-25990View PDF
2020-122021-09-15990EZView PDF
Data update history
September 27, 2023
Posted financials
Added Form 990 for fiscal year 2022
September 27, 2023
Updated personnel
Identified 1 new personnel
August 6, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 8, 2023
Updated personnel
Identified 7 new personnel
June 10, 2023
Updated personnel
Identified 10 new personnel
Nonprofit Types
Grantmaking organizationsCommunity foundationsCharities
Issues
Community improvement
Characteristics
Provides grantsState / local levelEndowed supportTax deductible donations
General information
Address
PO Box 4730
Wilmington, NC 28406
Metro area
Wilmington, NC
Website URL
nhcendowment.org/ 
Phone
(910) 756-5990
IRS details
EIN
85-3563370
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2020
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T31: Community Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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