Nonprofit · EIN 27-4467111
CITY OF OAKS FOUNDATION INC
Tax-exempt · RALEIGH, NC 27601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $310,031 | $151,440 | $158,591 | $110,066,933 | $2,772 | $110,064,161 |
| June 30, 2024 | 990 | $105,214,776 | $288,902 | $104,925,874 | $109,827,233 | $7,775 | $109,819,458 |
| June 30, 2023 | 990 | $247,681 | $262,009 | -$14,328 | $4,897,009 | $119,220 | $4,777,789 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $118,925
- Program service revenue
- $94,107
- Investment income
- $96,624
- Net gain from sales of assets
- $61,437
- Other revenue
- $375
Expenses
- Grants and similar amounts paid
- $15,150
- Compensation of officers, directors and key employees
- $58,854
- Salaries, compensation and benefits (total)
- $63,356
- Professional fundraising fees
- $0
- Accounting fees
- $11,792
- Occupancy
- $8,419
- Travel
- $75
- Depreciation
- $5,199
- Program services (functional)
- $105,200
- Management and general (functional)
- $35,465
- Fundraising (functional)
- $10,775
Balance sheet and other
- Total assets, start of year
- $109,827,233
- Total assets, end of year
- $110,066,933
- Total liabilities, end of year
- $2,772
- Net assets, end of year
- $110,064,161
- Land, buildings and equipment
- $108,248,500
- Publicly traded securities
- $1,626,311
- Net assets without donor restrictions
- $479,238
- Net assets with donor restrictions
- $109,584,923
- Gross receipts
- $315,031
- Employees
- 1
- Volunteers
- 11
- Year formed
- 2010
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRIS HEAGARTY | EXECUTIVE DIRECTOR TO 01/2025 Officer | 40 | $96,306 |
| FRANKLIN ROBERTS | CHAIR Trustee or director, Officer | 3 | $0 |
| CHARLOTTE JONES-ROE | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| DEANTONY COLLINS | SECRETARY Trustee or director, Officer | 3 | $0 |
| KEVIN M BRICE | TREASURER Trustee or director, Officer | 3 | $0 |
| YVONNE LEWIS HOLLEY | TRUSTEE Trustee or director | 1 | $0 |
| SHERRON LEIGH | TRUSTEE Trustee or director | 1 | $0 |
| ANTOINE MARSHALL | TRUSTEE Trustee or director | 1 | $0 |
| GRAYSON MAUGHAN | TRUSTEE Trustee or director | 1 | $0 |
| DEJA SMITH | TRUSTEE Trustee or director | 1 | $0 |
| JESSICA TISDALE | TRUSTEE Trustee or director | 1 | $0 |
| NELL JOSLIN | TRUSTEE Trustee or director | 3 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRIS HEAGARTY | EXECUTIVE DIRECTOR Officer | 40 | $96,306 |
| SANDY ROBERTS | CHAIR Trustee or director, Officer | 4 | $0 |
| CHARLOTTE JONES-ROE | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| DEANTONY COLLINS | SECRETARY Trustee or director, Officer | 1 | $0 |
| KEVIN M BRICE | TREASURER Trustee or director, Officer | 2 | $0 |
| YVONNE HOLLEY | TRUSTEE Trustee or director | 1 | $0 |
| SHERRON LEIGH | TRUSTEE Trustee or director | 1 | $0 |
| ANTOINE MARSHALL | TRUSTEE Trustee or director | 1 | $0 |
| GRAYSON MAUGHAN | TRUSTEE Trustee or director | 1 | $0 |
| DEJA SMITH | TRUSTEE Trustee or director | 1 | $0 |
| JESSICA TISDALE | TRUSTEE Trustee or director | 1 | $0 |
| NELL JOSLIN | TRUSTEE Trustee or director | 4 | $0 |
990 for the year ended June 30, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRIS HEAGARTY | EXECUTIVE DI Officer | 40 | $91,198 |
| STEPHEN BENTLEY | TRUSTEE (EX Trustee or director | 1 | $0 |
| KEVIN M BRICE | TREASURER Trustee or director, Officer | 2 | $0 |
| DEANTONY COLLINS | SECRETARY Trustee or director | 1 | $0 |
| YVONNE HOLLEY | TRUSTEE Trustee or director | 1 | $0 |
| CHARLOTTE JONES-ROE | VICE CHAIR Trustee or director | 1 | $0 |
| NELL JOSLIN | IM. PAST CHA Trustee or director | 1 | $0 |
| FRANKLIN T ROBERTS JR | CHAIR Trustee or director, Officer | 2 | $0 |
| ANTOINE MARSHALL | TRUSTEE Trustee or director | 1 | $0 |
| CHARLES MEEKER | TRUSTEE (EME Trustee or director | 1 | $0 |
| DIANE SAUER | TRUSTEE (EME Trustee or director | 1 | $0 |
| DEJA SMITH | TRUSTEE Trustee or director | 1 | $0 |
| JESSICA TISDALE | TRUSTEE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 222 W HARGETT ST SUITE 608, RALEIGH, NC 27601-1316
- In care of
- % ELLEN D JOSLIN
- Principal officer (990 for 2024)
- LAURA HEREDIA, PO BOX 6147, RALEIGH, NC 27628
- Signed the 990
- LAURA HEREDIA, EXECUTIVE DIRECTOR
- Phone
- (919) 801-3407
- Return prepared by
- NORTON COLLAR LUND LILLEY PLLC
Mission
TO ACQUIRE DONATIONS OF CONSERVATION LAND IN AN EFFORT TO COMPLEMENT THE THE AREA'S PARKS, NATURE PRESERVES AND GREENWAYS. IN ADDITION, THE FOUNDATION ENCOURAGES CHILDREN TO GET INVOLVED IN PARKS AND RECREATION PROGRAMS BY REMOVING COST AS A BARRIER FOR PARTICIPATION.
Program accomplishments
- TO PROVIDE NEED-BASED FINANCIAL AID TO HELP CHILDREN TO PARTICIPATE IN PROGRAMS THAT ALLOW THEM TO ENGAGE WITH NATURE, AND PRESERVE URBAN LAND AS GREEN SPACE.Expenses $105,200 · grants $15,150 · revenue $94,482
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 27-4467111
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C40)
- Assets (IRS master file)
- $110,066,933
- Income (IRS master file)
- $315,031
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $310,031 | $151,440 | $110,066,933 | IRS |
| 990 | June 2024 | $105,214,776 | $288,902 | $109,827,233 | XML |
| 990 | June 2023 | $247,681 | $262,009 | $4,897,009 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-4467111).
Questions about CITY OF OAKS FOUNDATION INC
- What is the EIN of CITY OF OAKS FOUNDATION INC?
- The employer identification number (EIN) of CITY OF OAKS FOUNDATION INC is 27-4467111.
- Is CITY OF OAKS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to CITY OF OAKS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CITY OF OAKS FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CITY OF OAKS FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CITY OF OAKS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CITY OF OAKS FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names LAURA HEREDIA.
- Who are the officers and directors of CITY OF OAKS FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 12 people; 1 received compensation from the organization, the highest $96,306 (CHRIS HEAGARTY, EXECUTIVE DIRECTOR TO 01/2025).
- How much revenue does CITY OF OAKS FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $310,031, expenses of $151,440 and total assets of $110,066,933 at year end.
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