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Authoracare Foundation FY2021 filing

Tax-deductible

Greensboro, NC501(c)(3)Health CareEIN 47-1169471Revenue $1.6M in FY2021

On file with the IRS2504 Summit Ave, 27405-4522 · Greensboro, NCTax-exempt since Jan 2015Supporting org, Type I — 509(a)(3)

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Support Authoracare collective through sound investment and asset management, strong fundraising engagement and comprehensive donor cultivation and stewardship

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $2.2M a year · 58% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
652 mo
of spending, in cash
Looks good: 651.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $445K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$138K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
Spent
$33K
To programs
0%
Net assets
$28.5M
By yearFY2021–FY2025
Revenue
$1.6M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$1.6M
FY2022$5.3M
FY2023$4.5M
FY2024$3.6M
FY2025$4.1M
Expenses
$33K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$33K
FY2022$349K
FY2023$2.4M
FY2024$2.3M
FY2025$3.0M
Net assets
$28.5M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$28.5M
FY2022$22.9M
FY2023$49.7M
FY2024$54.7M
FY2025$59.6M

From the FY2021 Form 990 (year ending September 2021) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Management & general 29% · $9K Fundraising 71% · $24K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Ryan Newkirk
Vice Chair
$0Pt VII · Sec A
Chris Bryan
Treasurer
$0Pt VII · Sec A
Mark Watson
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Erin Cockman
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Bob Kernodle
Board Member
$0Pt VII · Sec A
See Authoracare Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Invests in and raises funds for Authoracare Collective, cultivating lasting donor relationships.

Questions for Authoracare Foundation

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Through a planned program of annual fundraising, unrestricted operational support and restricted support for endowment and capital needs are generated. Authoracare foundation's comprehensive program of development activities includes direct mail, special events, thrift store, major gifts, planned gifts and memorial giving.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Authoracare CollectiveFY2024$365K
Well-Spring Ret CommunityFY2024$48K
Fidelity Investments Charitable Gift FundFY2024$18K
Jewish Foundation of GreensboroFY2024$9K
Donor Advised Charitable Giving INCFY2024$7K
Total grants receivedfrom 5 funders$445K
See all 5 funders →
Grants paid · 3 grants · $4.3M · 2022–2024
Authoracare CollectiveNC · FY2024$1,852,438
Authoracare CollectiveNC · FY2023$1,131,188
Authoracare CollectiveNC · FY2022$1,330,923

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.3M
Investment incomeLn 3$198K
Other incomeLn 4–11$60K
Money outPt IX
$33K
Ln 25
Managementcol C$9K
Fundraisingcol D$24K
Owns and owesPt X
$28.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$28.7M
LiabilitiesLn 26$138K
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Fundraising eventsLn 1c$96K
Investment incomeLn 3$198K
Other incomeLn 4–11$60K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
SavingsLn 2$1.8M
Cash and savings togetherLn 1–2$1.8M
InvestmentsLn 11–13$24.2M
Total assetsLn 16$28.7M
LiabilitiesLn 26$138K
Net assetsLn 32$28.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$481K$1.8M
InvestmentsLn 11–13$20.1M$24.2M
Total assetsLn 16$22.9M$28.7M
LiabilitiesLn 26$38K$138K
Net assetsLn 32$22.9M$28.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Office expensesLn 13$33K$9K$24K
Conferences, conventions and meetingsLn 19$10$10
All other expensesLn 24e$406$406
Total functional expensesLn 25$33K$0$9K$24K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.1M$3.0M$1.1M$59.6M 990 PDF
FY2024 $3.6M$2.3M$1.3M$54.7M 990 PDF
FY2023 $4.5M$2.4M$2.1M$49.7M 990 PDF
FY2022 $5.3M$349K$4.9M$22.9M 990 PDF
FY2021 Viewing $1.6M$33K$1.6M$28.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $1,583,767 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,490,674$1,325,604
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $132,895$198,013
I-11 Other revenuePrior year $89,932$60,150
I-12 Total revenuePrior year $1,713,501$1,583,767
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $87,344$32,935
I-18 Total expensesPrior year $87,344$32,935
I-19 Revenue less expensesPrior year $1,626,157$1,550,832
Part VI · Governance 13 of 13 board members independent, 2 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,583,767 across 7 lines filed
VIII-1c Fundraising events$96,490
VIII-1f All other contributions, gifts and grants$1,229,114
VIII-1h Total contributions, gifts and grants$1,325,604
VIII-3 Investment incomeExcluded from tax $198,013$198,013
VIII-8 Net income from fundraising eventsExcluded from tax $60,031$60,031
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $119$119
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $258,163$1,583,767
Part IX · Statement of functional expenses $32,935 across 3 lines filed
IX-13 Office expensesManagement $8,992 · Fundraising $23,527$32,519
IX-19 Conferences, conventions and meetingsManagement $10$10
IX-24e All other expensesManagement $406$406
IX-25 Total functional expensesPrograms $0 · Management $9,408 · Fundraising $23,527$32,935
Part X · Balance sheet $28,651,344 assets, 13 lines filed
Asset lines not itemized here account for $984,024; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $481,320$1,788,260
X-3 Pledges and grants receivableStart of year $100$0
X-4 Accounts receivableStart of year $1,225,912$1,655,045
X-9 Prepaid expenses and deferred chargesStart of year $0$500
X-12 Other securitiesStart of year $20,126,691$24,223,515
X-16 Total assetsStart of year $22,937,515$28,651,344
X-17 Accounts payable and accrued expensesStart of year $0$91,214
X-19 Deferred revenueStart of year $37,919$46,899
X-26 Total liabilitiesStart of year $37,919$138,113
X-27 Net assets without donor restrictionsStart of year $17,404,203$22,363,194
X-28 Net assets with donor restrictionsStart of year $5,495,393$6,150,037
X-32 Total net assets or fund balancesStart of year $22,899,596$28,513,231
X-33 Total liabilities and net assetsStart of year $22,937,515$28,651,344
Part XI · Reconciliation of net assets $28,513,231 net assets at year end
XI-1 Total revenue$1,583,767
XI-2 Total expenses$32,935
XI-3 Revenue less expenses$1,550,832
XI-4 Net assets at start of year$22,899,596
XI-5 Net unrealized gains (losses) on investments$3,714,300
XI-9 Other changes in net assets$348,503
XI-10 Net assets at end of year$28,513,231

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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