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New Hanover Community Endowment
New Hanover Community Endowment reported $111.7 million in revenue and $73.8 million in expenses for calendar year 2024. Of every $100 it spent, $85.15 went to program services, $14.85 to management and general costs and $0.00 to fundraising. Its largest source of revenue was investment income: 77.6% of the total. Government grants made up 22.4%. The highest compensation it reported for one person was $400,586 (President (until 02/28/24)). 7 people received more than $100,000 in reportable compensation. Revenue fell 92% between 2021 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $74MFor context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $112MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 85.2% | 90.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 14.8% | 6.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 1.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 22.4% | 79.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 22.4% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $400,586 | $325,675 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.54% | 1.56% |
| People paid over $100,000 Part VII, line 2 | 7 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 251.7 | 56.6 |
| Independent voting board members Part VI 1a–1b | 13 of 13 | 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
2024 · Form 990, Part III · the three largest programs by expenseProviding 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
Highest reported compensation
2024 · 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 |
|---|---|---|---|---|
| President (until 02/28/24) Officer, 40.00 hrs/week | $386,134 | $0 | $14,452 | $400,586 |
| Vice President (until 10/15/24) Officer, 40.00 hrs/week | $222,250 | $0 | $33,238 | $255,488 |
| Treasurer Officer, 40.00 hrs/week | $210,819 | $0 | $24,199 | $235,018 |
| Director of Learning Highest compensated employee, 40.00 hrs/week | $148,188 | $0 | $22,883 | $171,071 |
| Network Officer Highest compensated employee, 40.00 hrs/week | $120,280 | $0 | $23,008 | $143,288 |
| Network Officer Highest compensated employee, 40.00 hrs/week | $119,425 | $0 | $16,537 | $135,962 |
| Director of Communications Highest compensated employee, 40.00 hrs/week | $104,600 | $0 | $30,047 | $134,647 |
| President Officer, 40.00 hrs/week | $81,375 | $0 | $7,877 | $89,252 |
7 people received more than $100,000 in reportable compensation from New Hanover Community Endowment (Part VII, line 2). Compensation of current officers, directors and key employees totaled $980K (Part IX, line 5).
4 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · 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–1b13 · 13 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- 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 14bYes
- Employees Part I, line 513
- Volunteers Part I, line 618
Correct a figure or respond
Every number above is copied from New Hanover Community Endowment'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 Community Endowment, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 New Hanover Community Endowment spent in 2024, $85.15 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Jewish Federation of Greater AtlantaAtlanta, GA · revenue $112M · programs 96.7% · FY2025
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- United Way of Greater TorontoCanada, · revenue $111M · programs 79.3% · FY2025
- The United Methodist Retirement HomesDurham, NC · revenue $113M · programs 88.4% · FY2025
- San Antonio Area FoundationSan Antonio, TX · revenue $108M · programs 85.8% · 2024
All philanthropy, voluntarism & grantmaking charities · Largest charities in North Carolina
Questions people ask
How much of New Hanover Community Endowment's spending goes to programs?
In calendar year 2024, New Hanover Community Endowment reported that 85.2% of its $73.8 million in expenses went to program services, 14.8% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does New Hanover Community Endowment pay its top executive?
The largest total compensation New Hanover Community Endowment reported for one person in calendar year 2024 was $400,586, for the role of President (until 02/28/24) (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does New Hanover Community Endowment get its money?
Of $111.7 million in revenue in calendar year 2024, 22.4% came from contributions and grants (including 22.4% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).
Is New Hanover Community Endowment a registered charity?
The IRS lists EIN 85-3563370 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202523079349301207 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423209349320842 · read the filing
- 2022: Form 990 for calendar year 2022, object 202302359349301275 · read the filing
- 2021: Form 990 for calendar year 2021, object 202212989349300336 · read the filing
All filings for EIN 85-3563370: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.