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Outer Banks Community Foundation Inc

Outer Banks Community Foundation Inc

Kitty Hawk, NC 27949
Tax ID58-1516313

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Amount

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About this organization

Revenue

$1,392,253

Expenses

$890,346

Website

obcf.org

Mission

The Outer Banks Community Foundation was organized in 1982 as a public charity to help meet local needs in Dare County and all of the Outer Banks communities from Corolla to Ocracoke Island. The foundation accomplishes its mission by increasing charitable giving in the area, managing charitable funds for individuals and agencies, and by targeting grants toward the community’s most pressing needs and promising opportunities.

About

The foundation is the venture capitalist of the local charitable sector, supporting the Outer Banks's most exciting projects and most urgent needs, and helping local students of all ages achieve their educational goals. The foundation is the only funding source that reaches all types of charities across the Outer Banks, supporting programs in the arts, education, public safety, health and human services, historic preservation, the environment, and animal services. The foundation awarded more than 730,000 in grants and scholarships in 2018 to 87 nonprofits and 77 local students. Some grants awarded in 2018 will be paid in future years, on a reimbursement basis as projects progress. Over 490,000 in grants and over 160,000 in scholarships were paid in 2018.

Interesting data from their 2019 990 filing

In the filing, the mission of the non-profit is noted as “The outer banks community foundation manages charitable funds for individuals and agencies, and awards grants and scholarships to meet our community's most pressing needs and most promising opportunities.”.

When referring to its responsibilities, they were outlined as: “The outer banks community foundation manages charitable funds for individuals and agencies, and awards grants and scholarships to meet our community's most pressing needs and most promising opportunities.”.

  • The state in which the non-profit is legally registered to operate is NC, as per legal records.
  • The filing documents the non-profit's address in 2019 as 13 SKYLINE ROAD, SOUTHERN SHORES, NC, 27949.
  • According to the non-profit's form, they have 5 employees on their payroll as of 2019.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is a donor-advised fund.
  • Is not a private foundation.
  • Expenses are between $500,000 and $1,000,000+.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $501,907.
  • The CEO remuneration plan within the organization is subject to review and approval by an independent source.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 12 independent voting members.
  • The organization was formed in 1982.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule O.
  • The organization pays $182,246 in salary, compensation, and benefits to its employees.
  • The organization pays $80,806 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization pays grants to individuals.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization has grants to organizations.
  • The organization's financial statements were reviewed by an accountant.

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