Nonprofit · EIN 56-1223384
THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA INC
Tax-exempt · ASHEVILLE, NC 28803
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $87,667,848 | $67,270,337 | $20,397,511 | $481,026,894 | $118,577,564 | $362,449,330 |
| June 30, 2024 | 990 | $25,935,032 | $24,774,631 | $1,160,401 | $434,889,192 | $111,680,954 | $323,208,238 |
| June 30, 2023 | 990 | $31,983,295 | $25,282,173 | $6,701,122 | $407,823,068 | $103,084,742 | $304,738,326 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $70,733,461
- of which government grants
- $69,648
- Program service revenue
- $746,052
- Investment income
- $16,131,557
- Net gain from sales of assets
- $8,925,790
- Other revenue
- $56,778
Expenses
- Grants and similar amounts paid
- $61,908,745
- Compensation of officers, directors and key employees
- $1,585,703
- Other salaries and wages
- $1,046,102
- Salaries, compensation and benefits (total)
- $3,095,540
- Professional fundraising fees
- $0
- Legal fees
- $13,504
- Accounting fees
- $139,342
- Occupancy
- $90,775
- Travel
- $11,167
- Depreciation
- $74,911
- Program services (functional)
- $64,359,669
- Management and general (functional)
- $2,220,885
- Fundraising (functional)
- $689,783
Balance sheet and other
- Total assets, start of year
- $434,889,192
- Total assets, end of year
- $481,026,894
- Total liabilities, end of year
- $118,577,564
- Net assets, end of year
- $362,449,330
- Land, buildings and equipment
- $1,824,492
- Publicly traded securities
- $257,031,268
- Net assets without donor restrictions
- $7,908,915
- Net assets with donor restrictions
- $354,540,415
- Gross unrelated business income
- $128,392
- Gross receipts
- $131,183,187
- Employees
- 24
- Volunteers
- 150
- Year formed
- 1978
- 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 |
|---|---|---|---|---|
| ELIZABETH K BRAZAS | PRESIDENT Trustee or director, Officer | 40 | $343,901 | $50,901 |
| GRAHAM KEEVER | ASSISTANT TREASURER Officer | 40 | $230,997 | $63,059 |
| JULIE D KLIPP | ASSISTANT SECRETARY Officer | 40 | $163,611 | $36,363 |
| PHILIP P BELCHER | VICE PRESIDENT PROGRAMS Highest-paid employee | 40 | $157,601 | $38,471 |
| LAURA HERNDON | VICE PRESIDENT, DEVELOPMEN Highest-paid employee | 40 | $130,116 | $31,294 |
| JANET SHARP | ASSISTANT TREASURER Officer | 40 | $94,426 | $30,578 |
| NAOMI DAVIS | ASSISTANT TREASURER Officer | 40 | $97,537 | $19,733 |
| MELISSA CROUSE | ASSISTANT TREASURER Officer | 40 | $54,489 | $11,495 |
| JUANITA WILSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HARRIS M LIVINGSTAIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHARON FOUTS TAYLOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL FIELDS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NATALIE N BAILEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCOTT PETERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELLEN O CARR | DIRECTOR Trustee or director | 1 | $0 | $0 |
13 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MILTON BUTTERWORTH | DIRECTOR Trustee or director | 1 | $0 |
| J CHRIS SMITH | DIRECTOR Trustee or director | 1 | $0 |
| MATTHEW T LEE | DIRECTOR Trustee or director | 1 | $0 |
| JEAN MCLAUGHLIN | DIRECTOR Trustee or director | 1 | $0 |
| CARLA BARNARD | DIRECTOR Trustee or director | 1 | $0 |
| LYNN M WILSON | DIRECTOR Trustee or director | 1 | $0 |
| CARTER B WEBB | DIRECTOR Trustee or director | 1 | $0 |
| HIMANSHU KARVIR | DIRECTOR Trustee or director | 1 | $0 |
| JOANNE BADR | CHAIR Trustee or director, Officer | 1 | $0 |
| FRANCISCO CASTELBLANCO | VICE CHAIR & SECRETARY Trustee or director, Officer | 1 | $0 |
| YOLANDA FAIR | DIRECTOR Trustee or director | 1 | $0 |
| HEATHER P NORTON | TREASURER Trustee or director, Officer | 1 | $0 |
| CONSTANCE M HAIRE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 27 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ELIZABETH K BRAZAS | PRESIDENT Trustee or director, Officer | 40 | $319,700 | $45,366 |
| GRAHAM KEEVER | CHIEF FINANCIAL OFFICER Trustee or director, Officer | 40 | $211,214 | $48,511 |
| PHILIP P BELCHER | VICE PRESIDENT PROGRAMS Highest-paid employee | 40 | $151,420 | $41,704 |
| JULIE D KLIPP | CHIEF OPERATING OFFICER Trustee or director, Officer | 40 | $154,636 | $25,445 |
| LAURA HERNDON-KEY EMPLOYEE | VICE PRESIDENT, DEVELOPMEN Trustee or director | 40 | $122,297 | $25,385 |
| JANET SHARP | STAFF ACCOUNTANT Trustee or director, Officer | 40 | $85,349 | $32,000 |
| NAOMI DAVIS | FINANCE & HR OFFICER Trustee or director, Officer | 40 | $88,315 | $20,934 |
| VIRGINA L DOLLAR | ASSISTANT SECRETARY Trustee or director, Officer | 40 | $84,149 | $21,906 |
| CAROLINE M AVERY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HIMANSHU KARVIR | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| CARLA BARNARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELLEN O CARR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FRANCISCO CASTELBLANCO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| YOLANDA FAIR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| J CHRIS SMITH | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| JEAN MCLAUGHLIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOANNE BADR MORGAN | VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| JUANITA WILSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL FIELDS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| NATALIE N BAILEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCOTT SHEALY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARTER B WEBB | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MILTON BUTTERWORTH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CONSTANCE M HAIRE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HEATHER P NORTON | TREASURER Trustee or director | 1 | $0 | $0 |
| SHARON FOUTS TAYLOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HARRIS M LIVINGSTAIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 27 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ELIZABETH K BRAZAS | PRESIDENT Trustee or director, Officer | 40 | $297,979 | $42,443 |
| GRAHAM KEEVER | CHIEF FINANCIAL OFFICER Trustee or director, Officer | 40 | $193,026 | $44,890 |
| PHILIP P BELCHER | VICE PRESIDENT PROGRAMS Highest-paid employee | 40 | $143,163 | $39,445 |
| JULIE D KLIPP | CHIEF OPERATING OFFICER Trustee or director, Officer | 40 | $144,471 | $24,027 |
| LAURA HERNDON-KEY EMPLOYEE | VICE PRESIDENT, DEVELOPMEN Trustee or director | 40 | $114,309 | $24,069 |
| JANET SHARP | STAFF ACCOUNTANT Trustee or director, Officer | 40 | $79,050 | $30,416 |
| NAOMI DAVIS | FINANCE & HR OFFICER Trustee or director, Officer | 40 | $81,840 | $20,878 |
| VIRGINA L DOLLAR | ASSISTANT SECRETARY Trustee or director, Officer | 40 | $79,649 | $20,673 |
| CAROLINE AVERY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HIMANSHU KARVIR | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| CONNIE HAIRE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELLEN CARR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FRANCISCO CASTELBLANCO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| YOLANDA FAIR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| J CHRIS SMTIH | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| JEAN MCLAUGHLIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOANNE BADR MORGAN | VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| JUANITA WILSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL FIELDS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| NATALIE BAILEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCOTT SHEALY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARTER B WEBB | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SUSAN JENKINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILLIAM CLARKE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HEATHER NORTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHARON FOUTS TAYLOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HARRIS M LIVINGSTAIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4 VANDERBILT PARK DR STE 300, ASHEVILLE, NC 28803-0030
- Principal officer (990 for 2024)
- GRAHAM KEEVER, 4 VANDERBILT PARK DRIVE SUITE 300, ASHEVILLE, NC 28803
- Signed the 990
- GRAHAM KEEVER, CHIEF FINANCIAL OFFICER
- Phone
- (828) 254-4960
- Website
- WWW.CFWNC.ORG
- Return prepared by
- DMJPS PLLC
Mission
THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA PROMOTES AND EXPANDS REGIONAL PHILANTHROPY AND DEVELOPS LOCAL FUNDS THAT ADDRESS CHANGING NEEDS AND OPPORTUNITIES IN THE 18 COUNTIES OF WESTERN NORTH CAROLINA.
Program accomplishments
- THE FOUNDATION MADE NUMEROUS CONTRIBUTIONS TO TAX EXEMPT ORGANIZATIONS AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND TO INDIVIDUALS FOR SCHOLARSHIPS.Expenses $64,359,669 · grants $61,908,745 · revenue $802,830
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
- 56-1223384
- 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
- 1979
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T310)
- Assets (IRS master file)
- $481,026,894
- Income (IRS master file)
- $131,183,187
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $87,667,848 | $67,270,337 | $481,026,894 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $25,935,032 | $24,774,631 | $434,889,192 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $31,983,295 | $25,282,173 | $407,823,068 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $45,512,765 | $25,371,396 | $387,056,220 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | 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 56-1223384).
Questions about THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA INC
- What is the EIN of THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA INC?
- The employer identification number (EIN) of THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA INC is 56-1223384.
- Is THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
- Are donations to THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA 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 THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA 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 THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA 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 THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA INC?
- The 990 for the year ended June 30, 2025 names GRAHAM KEEVER.
- Who are the officers and directors of THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA INC?
- The 990 for the year ended June 30, 2025 lists 28 people; 8 received compensation from the organization, the highest $343,901 (ELIZABETH K BRAZAS, PRESIDENT).
- How much revenue does THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $87,667,848, expenses of $67,270,337 and total assets of $481,026,894 at year end.
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