Nonprofit · EIN 52-2204473
THE GOLDEN L E A F LONG-TERM ECONOMIC ADVANCEMENT FOUNDATION IN
Tax-exempt · ROCKY MOUNT, NC 27804
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $171,537,614 | $169,872,591 | $1,665,023 | $1,527,467,982 | $199,859,409 | $1,327,608,573 |
| June 30, 2024 | 990 | $79,124,718 | $127,468,546 | -$48,343,828 | $1,403,937,165 | $245,570,768 | $1,158,366,397 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $81,818,468
- of which government grants
- $81,818,468
- Program service revenue
- $0
- Investment income
- $89,719,146
- Net gain from sales of assets
- $62,051,862
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $161,272,823
- Compensation of officers, directors and key employees
- $1,573,392
- Other salaries and wages
- $1,617,672
- Salaries, compensation and benefits (total)
- $3,870,084
- Professional fundraising fees
- $0
- Legal fees
- $255,154
- Accounting fees
- $110,069
- Occupancy
- $107,273
- Travel
- $63,916
- Program services (functional)
- $164,522,588
- Management and general (functional)
- $5,350,003
Balance sheet and other
- Total assets, start of year
- $1,403,937,165
- Total assets, end of year
- $1,527,467,982
- Total liabilities, end of year
- $199,859,409
- Net assets, end of year
- $1,327,608,573
- Publicly traded securities
- $638,291,990
- Gross unrelated business income
- -$198,196
- Gross receipts
- $303,738,122
- Employees
- 39
- Volunteers
- 17
- Year formed
- 1999
- 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 | Other / benefits |
|---|---|---|---|---|
| SCOTT T HAMILTON | PRESIDENT/CEO Officer | 40 | $303,207 | $43,492 |
| EDWARD P LORD | SVP/GENERAL COUNSEL Officer | 40 | $218,498 | $42,558 |
| ERICA L SMITH | VP OF FINANCE Officer | 40 | $171,785 | $42,607 |
| KASEY E GINSBERG | VP/CHIEF OF STAFF Officer | 40 | $168,302 | $29,866 |
| JONATHAN P BOYD | VP OF INVESTMENTS Officer | 40 | $147,928 | $34,827 |
| ANGELA GAILLIARD | DIRECTOR OF PROGRAMS Officer | 40 | $124,402 | $25,236 |
| MARILYN M CHISM | DIRECTOR OF PROGRAMS Officer | 40 | $130,556 | $14,973 |
| BOBBIE J RICHARDSON | SECRETARY Trustee or director, Officer | 3 | $1,664 | $0 |
| DARRYL MOSS | DIRECTOR (ENDED 01/2025) Trustee or director | 3 | $1,560 | $0 |
| RALPH STRAYHORN III | BOARD CHAIR Trustee or director, Officer | 15 | $1,456 | $0 |
| CHARLES P BROWN | DIRECTOR Trustee or director | 3 | $1,144 | $0 |
| DAVID L ROSE | DIRECTOR Trustee or director | 3 | $1,144 | $0 |
| RANDY ISENHOWER | DIRECTOR Trustee or director | 3 | $1,144 | $0 |
| S LAWRENCE DAVENPORT | DIRECTOR Trustee or director | 3 | $1,144 | $0 |
| JOHNATHAN RHYNE JR | DIRECTOR (ENDED 11/2024) Trustee or director | 3 | $1,040 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFFREY LEE | TREASURER/ASST SECRETARY Trustee or director, Officer | 3 | $936 |
| LAURENCE LILLEY | DIRECTOR Trustee or director | 3 | $936 |
| BRIAN RAYNOR | VICE CHAIR Trustee or director, Officer | 3 | $832 |
| THOMAS F TAFT SR | DIRECTOR Trustee or director | 3 | $832 |
| BARRY Z DODSON | DIRECTOR Trustee or director | 3 | $0 |
| BUDDY KELLER | DIRECTOR Trustee or director | 3 | $0 |
| DONALD E FLOW | DIRECTOR Trustee or director | 3 | $0 |
| JARETTE SAMPSON | DIRECTOR (BEGAN 12/2024) Trustee or director | 3 | $0 |
| MICHAEL EASLEY JR | DIRECTOR (BEGAN 01/2025) Trustee or director | 3 | $0 |
990 for the year ended June 30, 2024: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SCOTT T HAMILTON | PRESIDENT/CEO Officer | 40 | $286,506 | $41,178 |
| EDWARD P LORD | SVP/GENERAL COUNSEL Officer | 40 | $200,676 | $44,537 |
| ERICA L SMITH | VP OF FINANCE Officer | 40 | $160,967 | $40,215 |
| KASEY E GINSBERG | VP/CHIEF OF STAFF Officer | 40 | $158,035 | $28,219 |
| JONATHAN P BOYD | VP OF INVESTMENTS Officer | 40 | $141,801 | $26,671 |
| TERRI ADOU-DY ENDED 062024 | DIR OF PROGRAMS/PROGRAMS ADMIN Officer | 40 | $129,303 | $33,460 |
| ANGELA GAILLIARD | DIRECTOR OF PROGRAMS Officer | 40 | $112,231 | $33,178 |
| MARILYN M CHISM | DIRECTOR OF PROGRAMS Officer | 40 | $121,863 | $13,929 |
| RANDY ISENHOWER | DIRECTOR Trustee or director | 3 | $1,768 | $0 |
| DARRYL MOSS | DIRECTOR Trustee or director | 3 | $1,560 | $0 |
| RALPH STRAYHORN III | BOARD CHAIR Trustee or director, Officer | 15 | $1,456 | $0 |
| THOMAS F TAFT SR | DIRECTOR Trustee or director | 3 | $1,352 | $0 |
| S LAWRENCE DAVENPORT | DIRECTOR Trustee or director | 3 | $1,248 | $0 |
| DAVID L ROSE | DIRECTOR Trustee or director | 3 | $1,248 | $0 |
| BOBBIE J RICHARDSON | SECRETARY Trustee or director, Officer | 3 | $1,040 | $0 |
| CHARLES P BROWN | DIRECTOR Trustee or director | 3 | $1,040 | $0 |
| LAURENCE LILLEY | DIRECTOR Trustee or director | 3 | $1,040 | $0 |
| BRIAN RAYNOR | VICE CHAIR Trustee or director, Officer | 3 | $832 | $0 |
| JOHNATHAN RHYNE JR | TREASURER/ASST. SECRETARY Trustee or director, Officer | 3 | $624 | $0 |
| JEROME VICK ENDED 072023 | DIRECTOR Trustee or director | 3 | $624 | $0 |
| JEFFREY LEE BEGAN 112023 | DIRECTOR Trustee or director | 3 | $208 | $0 |
| BARRY Z DODSON | DIRECTOR Trustee or director | 3 | $0 | $0 |
| DONALD E FLOW | DIRECTOR Trustee or director | 3 | $0 | $0 |
| BUDDY KELLER | DIRECTOR Trustee or director | 3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 301 N WINSTEAD AVE, ROCKY MOUNT, NC 27804-2228
- In care of
- % ERICA SMITH
- Principal officer (990 for 2024)
- SCOTT T HAMILTON, 301 N WINSTEAD AVENUE, ROCKY MOUNT, NC 27804
- Signed the 990
- ERICA SMITH, VP OF FINANCE
- Phone
- (252) 442-7474
- Website
- WWW.GOLDENLEAF.ORG
- Return prepared by
- BDO USA
Mission
GOLDEN LEAF'S MISSION IS TO INCREASE ECONOMIC OPPORTUNITY IN NORTH CAROLINA'S RURAL AND TOBACCO-DEPENDENT COMMUNITIES THROUGH LEADERSHIP IN GRANTSMAKING, COLLABORATION, INNOVATION, AND STEWARDSHIP AS AN INDEPENDENT AND PERPETUAL FOUNDATION.
Program accomplishments
- SEE SCHEDULE O.Expenses $164,522,588 · grants $161,272,823
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
- 52-2204473
- 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
- 2000
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $1,527,467,982
- Income (IRS master file)
- $303,738,122
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $171,537,614 | $169,872,591 | $1,527,467,982 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $79,124,718 | $127,468,546 | $1,403,937,165 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $57,758,666 | $63,535,535 | $1,292,166,073 | IRS |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | 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 52-2204473).
Questions about THE GOLDEN L E A F LONG-TERM ECONOMIC ADVANCEMENT FOUNDATION IN
- What is the EIN of THE GOLDEN L E A F LONG-TERM ECONOMIC ADVANCEMENT FOUNDATION IN?
- The employer identification number (EIN) of THE GOLDEN L E A F LONG-TERM ECONOMIC ADVANCEMENT FOUNDATION IN is 52-2204473.
- Is THE GOLDEN L E A F LONG-TERM ECONOMIC ADVANCEMENT FOUNDATION IN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to THE GOLDEN L E A F LONG-TERM ECONOMIC ADVANCEMENT FOUNDATION IN tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE GOLDEN L E A F LONG-TERM ECONOMIC ADVANCEMENT FOUNDATION IN 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 THE GOLDEN L E A F LONG-TERM ECONOMIC ADVANCEMENT FOUNDATION IN 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 THE GOLDEN L E A F LONG-TERM ECONOMIC ADVANCEMENT FOUNDATION IN 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 THE GOLDEN L E A F LONG-TERM ECONOMIC ADVANCEMENT FOUNDATION IN?
- The 990 for the year ended June 30, 2025 names SCOTT T HAMILTON.
- Who are the officers and directors of THE GOLDEN L E A F LONG-TERM ECONOMIC ADVANCEMENT FOUNDATION IN?
- The 990 for the year ended June 30, 2025 lists 24 people; 19 received compensation from the organization, the highest $303,207 (SCOTT T HAMILTON, PRESIDENT/CEO).
- How much revenue does THE GOLDEN L E A F LONG-TERM ECONOMIC ADVANCEMENT FOUNDATION IN have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $171,537,614, expenses of $169,872,591 and total assets of $1,527,467,982 at year end.
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