The Community Foundation of Western North Carolina INC
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Raises charitable capital and distributes grants and scholarships to address pressing needs across an 18-county region. For fiscal year 2025 it reported $87.7M in revenue, $67.3M in expenses, and $362.4M in net assets.Pt I
Summary of the Filing
Where the work happens
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.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Elizabeth K Brazas’s $344K as President is at the 76th percentile of top reported officer pay among 658 $10–100M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Elizabeth K Brazas | $343,901 | $319,700 | $297,979 | $285,619 | $264,999 |
| Graham Keever | $230,997 | $211,214 | $193,026 | $176,818 | $165,263 |
| Julie D Klipp | $163,611 | $154,636 | $144,471 | $137,086 | $127,045 |
| Philip P Belcher | $157,601 | $151,420 | $143,163 | $136,813 | $130,682 |
| Sheryl L Aikman | — | — | — | — | $135,914 |
| Laura Herndon | $130,116 | — | — | — | — |
| Laura Herndon-Key Employee | — | $122,297 | $114,309 | $18,232 | — |
| Naomi Davis | $97,537 | $88,315 | $81,840 | $73,350 | $70,027 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 96% | — | — |
| Overhead ratio | 3% | — | — |
| Fundraising cost ratio | 1% | — | — |
| Revenue growth | 238% | — | — |
| Investment management fee ratio | 0% | — | — |
| Legal fee ratio | 0% | — | — |
| Accounting fee ratio | 0% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Filings & Schedule Manifest
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Sources
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