Golden L E A F Long-Term Economic Advancement Foundation Inc in Rocky Mount, North Carolina (NC)

Organization representatives - add corrected or new information about Golden L E A F Long-Term Economic Advancement Foundation Inc »

Non-representatives - add comments about Golden L E A F Long-Term Economic Advancement Foundation Inc»

Golden L E A F Long-Term Economic Advancement Foundation Inc
Employer Identification Number (EIN)522204473
Name of OrganizationGolden L E A F Long-Term Economic Advancement Foundation Inc
In Care of NameBeth Edmondson
Address301 N Winstead Ave, Rocky Mount, NC 27804-2228
SubsectionCharitable Organization
Ruling Date12/2000
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$956,849,074
Amount of Income$193,410,915
Form 990 Revenue Amount$42,567,625
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Public Foundations


Non-representatives - add comments:


CAPTCHA

Your IP address 3.138.137.16 will be logged.

Amount of income in 2014: $193,410,915
Golden L E A F Long-Term Economic Advancement Foundation Inc: 

 $193,410,915
Other organizations performing similar types of work: 

 $71,328

Assets in 2014: $956,849,074
Golden L E A F Long-Term Economic Advancement Foundation Inc: 

 $956,849,074
Other organizations performing similar types of work: 

 $50,799

Expenses in 2014: $61,815,651
Golden L E A F Long-Term Economic Advancement Foundation Inc: 

 $61,815,651
Other organizations performing similar types of work: 

 $47,311

Income to expenses ratio in 2014: 3.1
Golden L E A F Long-Term Economic Advancement Foundation Inc: 

 3.1
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2007: 94.6%
This organization: 

 94.6%
Other organizations performing similar types of work: 

 82.2%

Employees paid over $100,000 in 2014: 88.2%
This organization: 

 88.2%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2014: 0.0%
Golden L E A F Long-Term Economic Advancement Foundation Inc: 

 0.0%
Other organizations performing similar types of work: 

 7.7%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

Support schedule

Checklist
201220132014
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYesNo
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?YesYesYes
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNoNo
Did the organization report an amount for land, buildings, and equipment?NoNoNo
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?YesYesYes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other liabilities?NoNoNo
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?NoNoNo
Did the organization obtain separate, independent audited financial statements for the tax year?YesYesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?YesYesYes
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNoNo
Did the organization operate one or more hospital facilities?NoNoNo
Did the organization attach a copy of its audited financial statements?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?YesYesYes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNoNo
A family member of a current or former officer, director, trustee, or key employee?NoNoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNoNo
Did the organization receive more than $25,000 in non-cash contributions?NoNoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNoNo
Was the organization related to any tax-exempt or taxable entity?NoNoNo
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNoNo
Statements Regarding Other IRS Filings and Tax Compliance
2011201220132014
The number reported in Box 3 of Form 1096211417
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return141517
Did the organization file all required federal employment tax returns?YesYesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYesYes
Has it filed a Form 990-T for this year?YesYesYes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?YesYesYes
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNoNo
Did the organization notify the donor of the value of the goods or services provided?NoNoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities $0$0$0$0
Gross income from members or shareholders$0$0$0$0
Gross income from other sources$0$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
201220132014
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$785,975$793,091$826,841
Total reportable compensation from related organizations$0$0$0
Total estimated amount of other compensation from the organization and related organizations$165,071$174,966$176,133
Total number of individuals who received more than $100,000 of reportable compensation from the organization555
Total number of independent contractors who received more than $100,000 of compensation from the organization101110
Statement of Revenue
2011201220132014
Total revenue$102,878,385$93,252,006$146,461,527$42,567,625
Contributions, Gifts, Grants and Other Similar Amounts$69,128,105$70,489,443$105,581,136$0
Program Service Revenue$0$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$8,335,039$7,804,907$11,325,255$9,538,121
Income from investment of tax-exempt bond proceeds$0$0$0$0
Royalties$0$0$0$0
Net rental income$0$0$0$0
Net gain/loss from sales of assets other than inventory$25,406,555$14,951,087$29,549,934$33,025,006
Gross amount from sales of assets other than inventory (Securities / Other)$55,443,963 / $20,962$222,194,781 / $0$198,809,635 / $0$183,867,150 / $1,146
Less: cost or other basis and sales expenses (Securities / Other)$30,058,370 / $0$207,243,694 / $0$169,259,701 / $0$150,843,290 / $0
Gain or (loss) (Securities / Other)$25,385,593 / $20,962$14,951,087 / $0$29,549,934 / $0$33,023,860 / $1,146
Net income/loss from fundraising events$0$0$0$0
Net income/loss from gaming activities$0$0$0$0
Net income/loss from sales of inventory$0$0$0$0
Miscellaneous Revenue$8,686$6,569$5,202$4,498
900099$6,569$5,202$4,498
All other revenue$0$0$0
Statement of Functional Expenses
2011201220132014
Total functional expenses$47,687,708$67,123,679$110,165,868$61,815,651
Grants and other assistance to domestic organizations and domestic governments$44,742,093$46,018,345$32,162,211
Grants and other assistance to domestic individuals$0$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$987,935$979,772$996,938$1,064,026
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$367,901$402,427$469,288$532,848
Pension plan accruals and contributions$40,539$46,742$50,520
Other employee benefits$94,388$99,431$110,538
Payroll taxes$79,209$83,798$90,500$100,043
Fees for services (non-employees)
Management$0$0$0
Legal$184,937$174,510$166,396
Accounting$55,873$53,279$60,000
Lobbying$0$0$0
Professional fundraising services$0$0$0$0
Investment management fees$2,474,111$2,228,289$2,642,131
Other$19,426$82,549$300
Advertising and promotion$7,728$5,111$8,474
Office expenses$35,967$43,290$40,351
Information technology$36,157$36,213$37,156
Royalties$0$0$0
Occupancy$58,022$63,563$62,455
Travel$43,580$48,898$43,413
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$209$2,798$240
Interest$0$0$0
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$0$0$0
Insurance$20,842$22,635$21,725
Other expenses$17,563,760$59,445,436$24,639,357
Other expenses$218,720$161,221$37,646
Other expenses$41,115$38,857$22,251
Other expenses$11,088$32,168$11,313
Other expenses$9,127$5,807$2,257
Balance Sheet
2011201220132014
Total assets$793,585,382$793,382,903$897,044,517$956,849,074
Cash - non-interest-bearing$445,273$327,381$636,364
Savings and temporary cash investments$0$0$0
Pledges and grants receivable, net$0$0$0
Accounts receivable, net$1,927$1,695$325
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$0$167,179$227,568
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$84,348$89,791$89,554
Land, buildings, and equipment: cost or other basis$0$0$0
Investments - publicly traded securities$358,916,894$396,264,222$395,849,553
Investments - other securities$433,934,461$500,194,249$560,045,710
Investments - program-related$0$0$0
Intangible assets$0$0$0
Other assets$0$0$0
Total liabilities$92,950,403$84,625,928$87,667,715$75,031,265
Accounts payable and accrued expenses$120,371$144,623$134,569
Grants payable$84,505,557$87,523,092$74,896,696
Deferred revenue$0$0$0
Tax-exempt bond liabilities$0$0$0$0
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$0$0$0
Total net assets or fund balances$700,634,979$708,756,975$809,376,802$881,817,809
Unrestricted net assets$0$0$0
Temporarily restricted net assets$0$0$0
Permanently restricted net assets$0$0$0
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$700,634,979$708,756,975$809,376,802$881,817,809
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014)
2010 - 2014 Total
Public Support$318,377,928
Subtotal Support$318,377,928
Gifts, grants, contributions, and membership fees received$318,377,928
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$359,943,112
Public Support$318,377,928
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$43,128,333
Net income from unrelated business activities, whether or not the business is regularly carried on$-1,593,144
Other income. Do not include gain or loss from the sale of capital assets$29,995
Gross receipts from related activities, etc.$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
200220032004200520062007
Total revenue$84,071,037$77,449,617$92,309,335$100,954,960$114,666,686$132,624,910
Contributions, gifts, grants, and similar amounts received$86,627,878$73,226,068$74,320,474$68,226,544$71,412,539$79,976,781
Contributions to donor advised funds$0$0
Direct public support$0$0$0$0$0$0
Indirect public support$0$0$0$0$0$0
Government contributions (grants)$86,627,878$73,226,068$74,320,474$68,226,544$71,412,539$79,976,781
Program service revenue including government fees and contracts$0$0$0$0$0$0
Membership dues and assessments$0$0$0$0$0$0
Interest on savings and temporary cash investments$13,959$20,676$24,911$89,581$205,566$93,962
Dividends and interest from securities$4,889,576$5,153,488$10,004,878$7,921,299$8,341,157$7,981,069
Net rental income or (loss)$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0
Other investment income$-34,351$-18,856$165,035$38,803$36,484$-47,772
Gain or (loss) from sales of assets other than inventory$-7,429,470$-937,729$7,789,478$24,673,546$34,664,802$44,566,634
Gross amount from sales of assets other than inventory$0$0$7,789,478$370,054,683$413,864,980$367,430,104
Less: cost or other basis and sales expenses$7,429,470$937,729$0$345,381,137$379,200,178$322,863,470
Net income or (loss) from special events and activities$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0
Other revenue$3,445$5,970$4,559$5,187$6,138$54,236
Total expenses$19,325,198$76,710,625$26,006,043$30,500,106$38,062,764$145,883,165
Program services$17,173,566$73,948,884$22,902,722$26,848,013$31,774,950$137,954,719
Management and general$2,151,632$2,761,741$3,103,321$3,652,093$6,287,814$7,928,446
Fundraising$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0
Net assets or fund balances at end of year$310,561,609$336,030,596$422,727,724$510,633,321$647,571,530$567,230,786
Excess or (deficit) for the year$64,745,839$738,992$66,303,292$70,454,854$76,603,922$-13,258,255
Net assets or fund balances at beginning of year$230,655,941$310,561,609$336,030,596$422,727,724$510,633,321$647,571,530
Other changes in net assets or fund balances$15,159,829$24,729,995$20,393,836$17,450,743$60,334,287$-67,082,489
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$145,883,165$137,954,719$7,928,446$0
Grants paid from donor advised funds$0
Other grants and allocations$137,954,719
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$664,448$0$664,448$0
Compensation of former officers, directors, key employees, etc.$144,606$0$144,606$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$413,664$0$413,664$0
Pension plan contributions not included above$52,264$0$52,264$0
Employee benefits not included above$163,474$0$163,474$0
Payroll taxes$82,503$0$82,503$0
Professional fundraising fees$0$0$0$0
Accounting fees$102,921$0$102,921$0
Legal fees$426,731$0$426,731$0
Supplies$17,626$0$17,626$0
Telephone$15,398$0$15,398$0
Postage and shipping$5,826$0$5,826$0
Occupancy$83,319$0$83,319$0
Equipment rental and maintenance$21,411$0$21,411$0
Printing and publications$0$0$0$0
Travel$80,984$0$80,984$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$5,653,271$0$5,653,271$0
Balance Sheets
200220032004200520062007
Total assets$325,293,917$415,210,750$505,889,827$597,663,461$718,807,611$727,512,200
Cash - non-interest-bearing$0$0$0$0$0$0
Savings and temporary cash investments$306,148$458,417$281,835$568,193$3,008,068$532,346
Accounts receivable less allowance for doubtful accounts$0$0$0$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0
Prepaid expenses and deferred charges$17,706$24,494$27,943$30,279$27,298$33,711
Investments - publicly-traded securities$458,288,927$410,092,346
Investments - other securities$269,588,712$330,323,416$377,839,871$412,481,131$0$0
Investments - land, buildings, and equipment less accumulated depreciation$21,713,338$24,344,589$29,085,894$48,238,389$0$0
Investments - other$33,666,547$60,057,150$98,452,064$135,919,848$257,480,724$316,814,541
Land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0
Other assets, including program-related investments$1,466$2,684$202,220$425,621$2,594$39,256
Total liabilities$14,732,308$79,180,154$83,162,103$87,030,140$71,236,081$160,281,414
Accounts payable and accrued expenses$90,149$122,002$86,637$158,070$204,912$756,440
Grants payable$14,642,159$79,058,152$83,075,466$86,872,070$71,031,169$159,524,974
Deferred revenue$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0
Other liabilities$0$0$0$0$0$0
Total liabilities and net assets/fund balances$325,293,917$415,210,750$505,889,827$597,663,461$718,807,611$727,512,200
Total net assets or fund balances$310,561,609$336,030,596$422,727,724$510,633,321$647,571,530$567,230,786
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200220032004200520062007
Total revenue$84,071,037$77,449,617$92,309,335$100,954,960$114,666,686$132,624,910
Total revenue, gains, and other support per audited financial statements$98,220,688$100,914,973$111,166,798$116,675,726$172,888,361$63,354,946
Other expenses$15,125,477$24,711,139$20,558,871$17,489,546$60,370,771$-67,082,490
Net unrealized gains on investments$15,125,477$24,711,139$20,558,871$17,489,546$60,370,771$-67,130,262
Donated services and use of facilities$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0
Other$0$0$0$0$0$47,772
Other revenue$975,826$1,245,783$1,701,408$1,768,780$2,149,096$2,187,474
Investment expenses$1,010,177$0$0$0$0$0
Other$-34,351$1,245,783$1,701,408$1,768,780$2,149,096$2,187,474
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200220032004200520062007
Total expenses$19,325,198$76,710,625$26,006,043$30,500,106$38,062,764$145,883,165
Total expenses and losses per audited financial statements$18,315,021$75,445,986$24,469,670$28,770,129$35,950,151$143,695,691
Other revenue$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0
Losses$0$0$0$0$0$0
Other$0$0$0$0$0$0
Other expenses$1,010,177$1,264,639$1,536,373$1,729,977$2,112,613$2,187,474
Investment expenses$1,010,177$0$0$0$0$0
Other$0$1,264,639$1,536,373$1,729,977$2,112,613$2,187,474
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$200,007$75,215$6,000
40$138,577$14,362$4,800
40$102,452$10,245$0
40$94,103$9,410$0
3$416$0$0
3$520$0$0
3$1,248$0$0
3$1,040$0$0
3$1,144$0$0
3$1,768$0$0
3$104$0$0
3$937$0$0
3$1,456$0$0
3$104$0$0
3$540$0$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings15
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other Benefits
Loans and AdvancesCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
$0$116,231$28,375$0
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?Yes
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200612
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$-47,772$52,695,901$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$93,962$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$7,981,069$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment incomeOther professional, scientific, and technical services$-47,77200$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$44,566,634$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$54,236$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$81,496$9,977$0
$66,267$3,465$0
$63,242$6,324$0
$59,494$9,392$0
$57,237$9,035$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
200120022003200420052006
Total$91,957,314$91,500,507$78,387,346$84,519,857$76,281,414$80,001,884
Gifts, grants, and contributions received$87,256,496$86,627,878$73,226,068$74,320,474$68,226,544$71,412,539
Membership fees received$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$4,694,660$4,903,535$5,174,164$10,029,789$8,010,880$8,546,723
Net income from unrelated business activities not included above$0$-34,351$-18,856$165,035$38,803$36,484
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0
Other income$6,158$3,445$5,970$4,559$5,187$6,138
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$-47,772$0$-47,772
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$-47,772$0$-47,772
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$0
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$0
Unrelated business taxable income$-47,772
Unrelated business taxable income before net operating loss deduction$-47,772
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$-47,772
Specific deduction$0
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Golden L E A F Long-Term Economic Advancement Foundation Inc to others? (optional)
  
Add photo of Golden L E A F Long-Term Economic Advancement Foundation Inc (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Roswell Park Alliance FoundationElm And Carlton St, Buffalo, NY 14263-0001NY1996-08$28,110,672
2Science Foundation Arizona400 E Van Buren St Ste 220, Phoenix, AZ 85004-2223AZ2006-11$7,919,015
3St Andrews Charitable Foundation6633 Delmar Blvd, St Louis, MO 63130-4505MO2008-01$1,344,641
4Tma Support Corporation2427 M L K Jr Ave Se, Washington, DC 20020-5815DC2006-10$709,645
5Rotary Club Of Coralsprings-Parkland Foundation Inc11873 Nw 2nd Ct, Coral Springs, FL 33071-8017FL2007-03$57,467
6Acn Global Reach Charities Inc1000 Progress Pl, Concord, NC 28025-2449NC2013-02$1,294,968
7Thomas Jefferson Community Education Foundation Inc2527 Us Hwy 221a, Mooresboro, NC 28114NC2006-07$913,154
8Window World Cares Inc, Tammy E Whitworth Mbr118 Shaver St, N Wilkesboro, NC 28659-3403NC2009-02$764,186
9General Parts International Inc Charitable FoundationPO BOX 26006, Raleigh, NC 27611-6006NC2004-03$739,868
10Gail Norcross Trigueiro Foundation, 7 Degrees Of Change Foundation Inc7851 Clinard Farms Rd, High Point, NC 27265NC2010-08$627,171
11Jesse M Weyer Charitable Trust, Fiduciary Tax Dept Pa 13081 W 4th St 4th Fl, Winston Salem, NC 27101-3818NC2010-02$440,245
12World Reach Inc133 Stetson Dr, Charlotte, NC 28262-3326NC1998-02$413,876
13Willie Stargell Foundation Inc1213 Culbreth Dr, Wilmington, NC 28405-3639NC2004-09$395,295
14Wayne Charitable Partnership IncPO BOX 1107, Goldsboro, NC 27533-1107NC1982-12$270,234
15United Way Of Greater Greensboro Foundation330 S Greene St Ste 100, Greensboro, NC 27401-2659NC2002-09$263,463
16Hooptee Charities IncPO BOX 11683, Charlotte, NC 28220-1683NC2010-09$262,300
17Orbie For OrphansPO BOX 2251, Skyland, NC 28776-2251NC2012-09$255,835
18One By One Costa Rica435 E Morehead St, Charlotte, NC 28202-2609NC2011-10$236,625
19Jamie Kirk Hahn Foundation105 Brooks Ave, Raleigh, NC 27607-7126NC2013-12$221,420
20Boundless Impact3125 Kathleen Avenue Suite 109, Greensboro, NC 27408NC2013-03$191,106
Number of organizations performing similar types of work
Alaska27
Alabama174
Arkansas88
Arizona257
California1,561
Colorado295
Connecticut213
District of Columbia96
Delaware58
Florida937
Georgia405
Hawaii58
Iowa132
Idaho53
Illinois567
Indiana231
Kansas125
Kentucky138
Louisiana149
Massachusetts427
Maryland313
Maine54
Michigan422
Minnesota256
Missouri285
Mississippi53
Montana52
North Carolina382
North Dakota40
Nebraska93
New Hampshire76
New Jersey563
New Mexico62
Nevada84
New York1,186
Ohio529
Oklahoma149
Oregon175
Pennsylvania493
Rhode Island56
South Carolina163
South Dakota36
Tennessee218
Texas929
Utah116
Virginia393
Vermont41
Washington305
Wisconsin211
West Virginia59
Wyoming40
International30
Total13,855

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Golden L E A F Long-Term Economic Advancement Foundation Inc and has no official or unofficial affiliation with Golden L E A F Long-Term Economic Advancement Foundation Inc