2025-07-22T15:03:46-05:00 2024-12-31 560817345 TURLINGTON AND COMPANY LLP 1338 WESTGATE CENTER DRIVE WINSTONSALEM NC 27103 990 2024-01-01 561925967 FAMILY PROMISE OF THE LOWER CAPE FEAR FAMI 9107694730 20 N 4TH STREET 440 WILMINGTON NC 28401 LAURA MILLER TREASURER 9107694730 2025-07-15 1 0 DEXTER A GARNER P01276494 3367652410 2024 2025-03-06 01:10:19Z LAURA MILLER 20 N 4TH STREET 440 WILMINGTON NC 28401 833213 0 X WWW.FAMILYPROMISELCF.ORG X 1995 NC FAMILY PROMISE OF THE LOWER CAPE FEAR SUPPORTS FAMILIES EXPERIENCING HOUSING INSTABILITY, INCLUDING DOMESTIC VIOLENCE SURVIVORS, TO ACHIEVE SUSTAINABLE INDEPENDENCE. 12 12 4 12 0 0 767826 666274 72853 95043 207 69595 22498 -5578 863384 825334 0 0 0 0 243166 137995 0 0 19043 757939 602202 1001105 740197 -137721 85137 664385 843951 517512 467587 146873 376364 FAMILY PROMISE OF THE LOWER CAPE FEAR SUPPORTS FAMILIES EXPERIENCING HOUSING INSTABILITY, INCLUDING DOMESTIC VIOLENCE SURVIVORS, TO ACHIEVE SUSTAINABLE INDEPENDENCE. 0 0 625307 95043 FAMILY PROMISE OF THE LOWER CAPE FEAR SUPPORTS FAMILIES EXPERIENCING HOUSING INSTABILITY, INCLUDING DOMESTIC VIOLENCE SURVIVORS, TO ACHIEVE SUSTAINABLE INDEPENDENCE. ESTABLISHED IN 1996 WITH THE INITIAL FOCUS OF EMERGENCY SHELTER, WE RESPONDED TO THE NEEDS OF OUR COMMUNITY AND EXPANDED SERVICES TO ALSO INCLUDE LONG-TERM SHELTER, EVICTION PREVENTION, MEALS, FINANCIAL LITERACY, AND KEYS TO GOOD TENANCY PROGRAMMING. OUR COMPREHENSIVE APPROACH ALLOWS CUSTOMIZABLE SERVICES BASED ON THE FAMILY'S UNIQUE NEEDS, CHALLENGES, AND GOALS, WITH THE OUTCOME OF FAMILIES REGAINING THEIR INDEPENDENCE AND MOVING INTO SUSTAINABLE PERMANENT HOUSING. IN 2024, WE PROVIDED SHELTER FOR 106 INDIVIDUALS, 60% OF THOSE BEING CHILDREN, WITH OVER 90% OF FAMILIES SECURING PERMANENT HOUSING. 625307 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 10 0 1 4 1 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 1 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NC X X LAURA MILLER 9107694730 20 N 4TH STREET WILMINGTON NC 28402 TOM BARTH PRESIDENT 4.00 X X 0 0 0 BILLIE ROBINSON VICE PREISDENT 4.00 X X 0 0 0 LAURA MILLER TREASURER 4.00 X X 0 0 0 CAMMERON BATANIDES DIRECTOR 4.00 X 0 0 0 SHAY BROWN DIRECTOR 4.00 X 0 0 0 RONNIE BURBANK DIRECTOR 4.00 X 0 0 0 WALT GRIFFITH DIRECTOR 4.00 X 0 0 0 ELISHA JENNINGS DIRECTOR 4.00 X 0 0 0 ABBY OVERTON DIRECTOR 4.00 X 0 0 0 LESLIE WATSON DIRECTOR 4.00 X 0 0 0 EDWARD WILLS DIRECTOR 4.00 X 0 0 0 LORI WILSON DIRECTOR 4.00 X 0 0 0 ANNE BEST EXECUTIVE DIRECTOR 40.00 X 47062 0 0 47062 0 0 0 0 0 0 0 80000 15500 151930 418844 293189 666274 PROGRAM FEES 531110 90894 90894 OTHER INCOME 531110 4149 4149 95043 280 280 71616 2301 69315 69315 69315 0 15500 5578 -5578 -5578 825334 95043 0 64017 47062 37650 4706 4706 55058 50144 207 4707 28762 24727 1384 2651 7113 6114 343 656 36422 29138 3643 3641 8012 8012 21399 21399 2300 200 2100 2858 2858 41364 40392 972 22396 17841 4555 48396 43556 4840 22492 1956 20326 210 DONATED PROGRAM GOODS 290189 290189 LEASE EXPENSE 40906 36815 4091 REPAIRS & MAINTENANCE 21154 21154 DIRECT PROGRAM EXPENSES 13283 13283 31031 12348 18311 372 740197 625307 95847 19043 19425 110481 7036 48373 6000 35474 815 7950 1277210 640289 606361 636921 24748 4752 664385 843951 25346 35417 447403 430418 20000 24763 1752 517512 467587 X 146873 298128 78236 146873 376364 664385 843951 X 85137 29354 115000 X X 0 1 X 1 0 X 588851 677429 813200 767826 666274 3513580 588851 677429 813200 767826 666274 3513580 3513580 392 20 28 207 280 927 16166 13167 22498 51831 3566338 0.98520 0.97740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 85675 85675 1151099 612150 538949 8199 2554 5645 32237 25585 6652 636921 OPERATING LEASE OBLIGATION 1752 1752 X 945912 120578 120578 825334 0 825334 745775 5578 5578 740197 0 740197 PART X, LINE 2: THE ORGANIZATION HAS DETERMINED THAT IT HAS NO UNCERTAIN INCOME TAX POSITIONS AS OF DECEMBER 31, 2024. ALSO, THE ORGANIZATION DOES NOT ANTICIPATE ANY INCREASE OR DECREASE IN UNRECOGNIZED TAX BENEFITS DURING THE NEXT TWELVE MONTHS THAT WOULD RESULT IN A MATERIAL CHANGE IN ITS FINANCIAL POSITION. THE ORGANIZATION'S INCOME TAX RETURNS FOR YEARS ENDED AFTER DECEMBER 31, 2021 REMAIN OPEN FOR EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT EXPENSES NET OF REVENUE IN FORM 990 5,578. RESTITUTION RECEIVED 115,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT EXPENSES NET OF REVENUE IN FORM 990 5,578. GALA 15500 15500 5578 15500 15500 5578 5578 -5578 X 210125 ESTIMATED FMV X 1 3000 SALES COMPARISONS (KBB) X 12988 55809 FMV X DONATED MEALS 2695 24255 ESTIMATED FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 5 DURING 2024, THE ORGANIZATION BECAME AWARE OF A MATERIAL DIVERSION OF ASSETS THAT OCCURRED OVER THE PRIOR THREE YEARS. THE DIVERSION INVOLVED MISAPPROPRIATION OF FUNDS BY A FORMER EMPLOYEE. UPON DISCOVERY, THE ORGANIZATION IMMEDIATELY TERMINATED THE INDIVIDUAL AND CONDUCTED A FULL FORENSIC INVESTIGATION TO DETERMINE THE NATURE AND EXTENT OF THE LOSS. THE TOTAL AMOUNT DIVERTED WAS ESTIMATED AT $115,000. IN 2024, THE ORGANIZATION RECOVERED THE FULL AMOUNT THROUGH RESTITUTION PAYMENTS RECEIVED FROM THE FORMER EMPLOYEE. FOLLOWING THE INCIDENT, THE ORGANIZATION IMPLEMENTED ENHANCED INTERNAL CONTROLS, INCLUDING CONTRACTING WITH AN EXTERNAL ACCOUNTING FIRM FOR BOOKKEEPING AND INCREASED BOARD OVERSIGHT OVER DISBURSEMENT PROCESSES. THE ORGANIZATION'S BOARD AND LEADERSHIP REMAIN COMMITTED TO MAINTAINING STRONG FINANCIAL OVERSIGHT AND INTERNAL ACCOUNTABILITY. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT VERSION OF FORM 990 IS SENT VIA EMAIL TO ALL BOARD MEMBERS WHO HAVE THE OPPORTUNITY TO SUBMIT COMMENTS OR QUESTIONS BEFORE THE FORM IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE BOARD AND KEY EMPLOYEES ARE ASKED TO COMPLETE AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE. FORM 990, PART VI, SECTION B, LINE 15A GOVERNING BOARD REVIEWS EXECUTIVE PERFOMANCE ANNUALLY. USING EXPERIENCE AND COMPARATIVE DATA, INDEPENDENT MEMBERS APPROVE A SALARY FOR THE COMING YEAR, WHICH IS REFLECTED IN THE ORGANIZATION'S ANNUAL BUDGET. THE GOVERNING BOARD APPROVES THE GENERAL SCOPE OF SALARIES AND POTENTIAL WAGE ADJUSTMENTS THROUGH THE BUDGETING PROCESS. THE EXECUTIVE DIRECTOR MANAGES STAFF COMPENSATION WITHIN THOSE PARAMETERS. FORM 990, PART VI, SECTION C, LINE 19 FORM 990 CAN BE FOUND ON GUIDESTAR.ORG AND OTHER INFORMATION IS AVAILABLE VIA REQUEST. FORM 990, PART XI, LINE 9: RESTITUTION RECEIVED 115,000. FORM 990, PART XII, LINE 2C: NO CHANGE IN THIS PROCESS DURING THE YEAR.