Nonprofit · EIN 56-1340540
ASSOCIATION EXECUTIVES OF NORTH CAROLINA INC
Tax-exempt · RALEIGH, NC 27605
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $646,046 | $581,010 | $65,036 | $989,726 | $358,571 | $631,155 |
| August 31, 2024 | 990 | $617,755 | $534,348 | $83,407 | $914,570 | $348,451 | $566,119 |
| August 31, 2023 | 990 | $588,022 | $525,927 | $62,095 | $817,540 | $334,828 | $482,712 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $30,229
- Program service revenue
- $534,933
- Investment income
- $16,034
- Net income from fundraising events
- $727
- Other revenue
- $64,850
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $153,492
- Other salaries and wages
- $182,287
- Salaries, compensation and benefits (total)
- $383,862
- Professional fundraising fees
- $0
- Accounting fees
- $24,340
- Occupancy
- $13,423
- Travel
- $5,899
- Depreciation
- $296
Balance sheet and other
- Total assets, start of year
- $914,570
- Total assets, end of year
- $989,726
- Total liabilities, end of year
- $358,571
- Net assets, end of year
- $631,155
- Land, buildings and equipment
- $445
- Net assets without donor restrictions
- $631,155
- Gross unrelated business income
- $60,823
- Gross receipts
- $651,444
- Employees
- 3
- Volunteers
- 0
- Year formed
- 1982
- 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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Rich Phaneuf | CEO / Executive Director Officer | 40 | $139,890 | $8,430 |
| Phil Lucey | Immediate Past President, Executive Committee Trustee or director, Officer | 1 | $0 | $0 |
| Kathryn Atkinson | President, Executive Trustee or director, Officer | 1 | $0 | $0 |
| TJ Bugbee | President Elect, Executive Committee Trustee or director, Officer | 1 | $0 | $0 |
| Adam Levy | Association Board Member Trustee or director | 1 | $0 | $0 |
| Trevor Johnson | Association Board Member Trustee or director | 1 | $0 | $0 |
| Melissa Klingburg | Secretary Treasurer, Executive Committee Trustee or director, Officer | 1 | $0 | $0 |
| Melissa Bucci | Affiliate Board Member Trustee or director | 1 | $0 | $0 |
| Andrew Schmidt | Affiliate Board Member Trustee or director | 1 | $0 | $0 |
| Beth Bowen | Association Board Member Trustee or director | 1 | $0 | $0 |
| Chisty Santacana | Association Board Member Trustee or director | 1 | $0 | $0 |
| Lorrie Gold | Association Board Member Trustee or director | 1 | $0 | $0 |
| Randy Lisk | Association Board Member Trustee or director | 1 | $0 | $0 |
| Renita Williams | Affiliate Board Member Trustee or director | 1 | $0 | $0 |
| Floyd Isley | Affiliate Board Member Trustee or director | 1 | $0 | $0 |
990 for the year ended August 31, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Rich Phaneuf | CEO / Executive Director Officer | 40 | $134,842 | $7,500 |
| Brian McArten | Immediate Past President, Executive Committee Trustee or director, Officer | 1 | $0 | $0 |
| Phil Lucey | President, Executive Committee Trustee or director, Officer | 1 | $0 | $0 |
| Kathryn Atkinson | President Elect, Executive Committee Trustee or director, Officer | 1 | $0 | $0 |
| TJ Bugbee | Secretary/Treasurer, Executive Committee Trustee or director, Officer | 1 | $0 | $0 |
| Robert Broome | Association Board Member Trustee or director | 1 | $0 | $0 |
| Anna Beavon Gravely | Association Board Member Trustee or director | 1 | $0 | $0 |
| Sarah Royster | Association Board Member Trustee or director | 1 | $0 | $0 |
| Keri Epps-Rashad | Association Board Member Trustee or director | 1 | $0 | $0 |
| Adam Levy | Association Board Member Trustee or director | 1 | $0 | $0 |
| Trevor Johnson | Association Board Member Trustee or director | 1 | $0 | $0 |
| Melissa Klingburg | Association Board Member Trustee or director | 1 | $0 | $0 |
| Malinda Harrell | Affiliate Board Member Trustee or director | 1 | $0 | $0 |
| Ashley Pittman | Affiliate Board Member Trustee or director | 1 | $0 | $0 |
| Melissa Bucci | Affiliate Board Member Trustee or director | 1 | $0 | $0 |
| Andrew Schmidt | Affiliate Board Member Trustee or director | 1 | $0 | $0 |
990 for the year ended August 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Rich Phaneuf | CEO / Executive Director Officer | 40 | $118,450 | $7,640 |
| Heather Wrenn | Immediate Past President, Executive Committee Trustee or director, Officer | 1 | $0 | $0 |
| Brian McArten | President, Executive Committee Trustee or director, Officer | 1 | $0 | $0 |
| Phil Lucey | President Elect, Executive Committee Trustee or director, Officer | 1 | $0 | $0 |
| Kathryn Atkinson | Secretary/Treasurer, Executive Committee Trustee or director, Officer | 1 | $0 | $0 |
| John Policastro | Association Board Member Trustee or director | 1 | $0 | $0 |
| Robert Broome | Association Board Member Trustee or director | 1 | $0 | $0 |
| Anna Beavon Gravely | Association Board Member Trustee or director | 1 | $0 | $0 |
| Sarah Royster | Association Board Member Trustee or director | 1 | $0 | $0 |
| Keri Epps-Rashad | Association Board Member Trustee or director | 1 | $0 | $0 |
| Adam Levy | Association Board Member Trustee or director | 1 | $0 | $0 |
| TJ Bugbee | Association Board Member Trustee or director | 1 | $0 | $0 |
| Cathy Carpenter | Affiliate Board Member Trustee or director | 1 | $0 | $0 |
| Kevin Johnson | Affiliate Board Member Trustee or director | 1 | $0 | $0 |
| Malinda Harrell | Affiliate Board Member Trustee or director | 1 | $0 | $0 |
| Ashley Pittman | Affiliate Board Member Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 514 DANIELS ST PMB 352, RALEIGH, NC 27605-1317
- Principal officer (990 for 2024)
- Rich Phaneuf, 514 Daniels Street PMB 352, Raleigh, NC 27605
- Signed the 990
- Rich Phaneuf, CEO
- Phone
- (919) 848-8255
- Website
- WWW.AENCNET.ORG
- Return prepared by
- Stancil PC
Mission
TO PROMOTE AND IMPROVE PROFESSIONALISM AND EFFECTIVENESS OF TRADE, SERVICE AND PROFESSIONAL ASSOCIATIONS.
Program accomplishments
- DURING THE YEAR ENDED AUGUST 31, 2025, THE ORGANIZATION HELD ITS ANNUAL TRADE SHOW AND CONVENTION. THIS EVENT INCLUDED EDUCATIONAL SEMINARS AS WELL AS VENDOR EXHIBITS, WHICH SERVED TO FURTHER MEMBERS' KNOWLEDGE AND EXPERTISE IN ASSOCIATION MANAGEMENT.
- THE ORGANIZATION HELD MEETINGS, LUNCHEONS, AND SEMINARS, AND A LEGISLATIVE RECEPTION, THROUGHOUT THE YEAR ENDED AUGUST 31, 2025. THESE PROGRAMS ENABLED MEMBERS TO EXCHANGE INFORMATION AND IMPROVE THEIR KNOWLEDGE AND EXPERTISE OF ASSOCIATION MANAGEMENT.
- DURING FISCAL YEAR 2025, THE ORGANIZATION PUBLISHED 51 WEEKLY NEWSLETTERS TO INFORM MEMBERS OF UPCOMING EVENTS. IT ALSO PUBLISHED TWENTY-FOUR SEMI-MONTHLY E-NEWSLETTERS (SUCCESS BY ASSOCIATION) AS WELL AS ITS ANNUAL RESOURCE DIRECTORY. THESE PUBLICATIONS SERVE TO KEEP MEMBERS INFORMED ABOUT MATTERS PERTINENT TO ASSOCIATION MANAGEMENT, ASSOCIATION EVENTS, AND EDUCATIONAL OPPORTUNITIES.
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 56-1340540
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1983
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $989,726
- Income (IRS master file)
- $651,444
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $646,046 | $581,010 | $989,726 | XML |
| 990 | August 2024 | $617,755 | $534,348 | $914,570 | XML |
| 990 | August 2023 | $588,022 | $525,927 | $817,540 | XML |
| 990 | August 2022 | $492,206 | $485,517 | $745,185 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | 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 56-1340540).
Questions about ASSOCIATION EXECUTIVES OF NORTH CAROLINA INC
- What is the EIN of ASSOCIATION EXECUTIVES OF NORTH CAROLINA INC?
- The employer identification number (EIN) of ASSOCIATION EXECUTIVES OF NORTH CAROLINA INC is 56-1340540.
- Is ASSOCIATION EXECUTIVES OF NORTH CAROLINA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1983.
- Are donations to ASSOCIATION EXECUTIVES OF NORTH CAROLINA INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ASSOCIATION EXECUTIVES OF 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 ASSOCIATION EXECUTIVES OF NORTH CAROLINA INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASSOCIATION EXECUTIVES OF NORTH CAROLINA INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of ASSOCIATION EXECUTIVES OF NORTH CAROLINA INC?
- The 990 for the year ended August 31, 2025 names Rich Phaneuf.
- Who are the officers and directors of ASSOCIATION EXECUTIVES OF NORTH CAROLINA INC?
- The 990 for the year ended August 31, 2025 lists 15 people; 1 received compensation from the organization, the highest $139,890 (Rich Phaneuf, CEO / Executive Director).
- How much revenue does ASSOCIATION EXECUTIVES OF NORTH CAROLINA INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $646,046, expenses of $581,010 and total assets of $989,726 at year end.
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