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New Hanover County Financing Corporation
New Hanover County Financing Corporation reported $24.9 million in revenue and $24.9 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $100.00 went to program services, $0.00 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 100.0% of the total. Government grants made up 100.0%. The highest compensation it reported for one person was $392,942 (Secretary and Vice President). Revenue rose 75% between FY2021 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $25MFor context, the median across 185 covered public & societal benefit charities: $88.81 programs, $11.18 management, $0.01 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $25MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 100.0% | 84.9% |
| Management & general Part IX 25(C) ÷ 25(A) | 0.0% | 10.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 100.0% | 83.8% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 100.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 3.2% |
| Highest reported compensation Part VII-A, columns D–F | $392,942 | $357,133 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.58% | 1.52% |
| People paid over $100,000 Part VII, line 2 | 0 | 12 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 0.0 | 10.5 |
| Independent voting board members Part VI 1a–1b | 0 of 3 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseHighest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| Secretary and Vice President Officer, 0 hrs/week | $0 | $392,942 | $0 | $392,942 |
| Treasurer and Assistant Secretary Officer, 0 hrs/week | $0 | $201,930 | $0 | $201,930 |
| President Officer, 0 hrs/week | $0 | $56,031 | $0 | $56,031 |
0 people received more than $100,000 in reportable compensation from New Hanover County Financing Corporation (Part VII, line 2).
5 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b3 · 0 independent
- Audited financial statements Part XII 2bNo
- Conflict-of-interest policy Part VI 12aNo
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14No
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
Correct a figure or respond
Every number above is copied from New Hanover County Financing Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for New Hanover County Financing Corporation, you can publish a response that is linked from this page.
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Of every $100 New Hanover County Financing Corporation spent in FY2025, $100.00 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Government Finance Officers Association the United States & CanadaChicago, IL · revenue $25M · programs 74.9% · FY2025
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- Midwest Reliability OrganizationSt Paul, MN · revenue $25M · programs 82.3% · 2024
- MERCED COUNTY COMMUNITY ACTION BOARD aka MERCED COUNTY COMMUNITY ACTION AGENCYMerced, CA · revenue $26M · programs 88.9% · FY2025
- SagamoreIndianapolis, IN · revenue $24M · programs 92.4% · 2025
All public & societal benefit charities · Largest charities in North Carolina
Questions people ask
How much of New Hanover County Financing Corporation's spending goes to programs?
In the fiscal year ending June 30, 2025, New Hanover County Financing Corporation reported that 100.0% of its $24.9 million in expenses went to program services, 0.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does New Hanover County Financing Corporation pay its top executive?
The largest total compensation New Hanover County Financing Corporation reported for one person in the fiscal year ending June 30, 2025 was $392,942, for the role of Secretary and Vice President (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does New Hanover County Financing Corporation get its money?
Of $24.9 million in revenue in the fiscal year ending June 30, 2025, 100.0% came from contributions and grants (including 100.0% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).
Is New Hanover County Financing Corporation a registered charity?
The IRS lists EIN 56-2055388 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202543119349302449 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202403029349301770 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202303189349315990 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202213089349301331 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231549349301023 · read the filing
All filings for EIN 56-2055388: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.