Wnc Bridge Foundation EIN 56-2110357

Wnc Bridge Foundation

EIN  56-2110357 Public foundation / grantmaker Asheville, NC Founded 1998
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 7/21/26 · see original filing: IRS
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Size
$10–100M
What they do
Funds health and wellbeing initiatives for Western North Carolina residents by operating a thrift store and managing estate sales.
Leadership
Scott W Buchanan · CEO & President · $215K
Money in and out
$11.8M revenue, $9.1M expenses
Bottom line
54% program efficiency

Funds health and wellbeing initiatives for Western North Carolina residents by operating a thrift store and managing estate sales. For fiscal year 2024 it reported $11.8M in revenue, $9.1M in expenses, and $124.7M in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$11.8M
Pt VIII · Ln 12
Total expenses
$9.1M
Pt IX · Ln 25
Net assets
$124.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2.7M
Where spending went · Part IX cols B–D
Program services $0.54 Management & general $0.37 Fundraising $0.10
Program efficiency
54%
of spending reaches programs▲ +11% vs prior filing year
Operating runway
155.9mo
months of highly liquid reserves at operating expense rate▼ -10% vs prior filing year
Surplus margin
+23%
revenue over expenses, this year▲ +129% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$11.8M
FY2024▲ +165%
Expenses
$9.1M
FY2024▲ +13%
Total assets
$128.6M
FY2024▲ +1%
Total liabilities
$3.9M
FY2024▼ -65%
Total revenue
$11.8M
Pt VIII · Ln 12
Total expenses
$9.1M
Pt IX · Ln 25
Net assets
$124.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2.7M
Total assetsPt X · Ln 16$128.6M
Program-expense ratioPt IX · col B54%
Voting members of governing bodyPt I · Ln 323
Independent voting membersPt I · Ln 422
Mission & Programs · Part III

Where the work happens

3 program services account for $4.9M of program spending, described in the organization's own filed words · FY2024.
01

WNC bridge foundation invested $4,299,378 in grants and community initiatives in the eighteen counties of western north CAROLINA.-$13,874 in safe housing and food insecurity (aim GRANTS)-$844,208 in additional WNC bridge community initiatives (rathbun house, you're special fund, children's services fund, health scholarships and WNC…

$2.7Mprogram expense
02

Impact grants of $2,158,796 were awarded to local non-profits in WNC.

$2.2Mprogram expense
03

The organization operates a thrift store and offers estate sales. Income from the thrift store and commissions from estate sales are included in revenue from the sale of inventory. The cost of goods sold for the thrift store, $288,661, is netted with revenue, $1,142,839.THE donations to the thrift store are not included in non-cash…

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWnc Bridge Foundation
EINHdr · item D56-2110357
Principal addressHdr · item CAsheville, NC
WebsiteHdr · item Jwncbridge.org
Year of formationHdr · item L1998
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T12)
Ruling yearIRS BMFAug 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a23
Independent voting membersPt VI · Ln 1b22
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
CEO & President
$215,141Pt VII · Sec A
Vice President, Finance
$117,744Pt VII · Sec A
$0Pt VII · Sec A
Past-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Scott W Buchanan’s $215K as CEO & President is at the 40th 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2020
Scott W Buchanan$215,141$221,000$217,585$175,561
Meg White$123,820$118,707
Jessica Bentley$117,744$102,715

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

Part VIII
Investment income$9.5M · 80%
Contributions & grants$1.4M · 12%
Other revenue$914K · 8%
Investment income80%$9.5M
Contributions & grants12%$1.4M
Other revenue8%$914K
Total revenueLn 12$11.8M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.54 Management & general $0.37 Fundraising $0.10
Program services54%$4.9M
Management & general37%$3.3M
Fundraising10%$893K
Total functional expensesLn 25$9.1M

Balance Sheet

Part X · end of year
CashLn 1$1.5M
Total assetsLn 16$128.6M
Total liabilitiesLn 26$3.9M
Total net assetsLn 32$124.7M
Months of cash on handcomputed2.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $117.9M · Operating expenses (Pt IX) $9.1M · Less non-cash grants $22K · Cash operating expenses/yr $9.1M
155.9 months
Where the money goes
Program services
Program services $4.9M · Total expenses $9.1M
54%
Management & General
Management & general $3.3M · Total expenses $9.1M
37%
Fundraising
Fundraising $893K · Total expenses $9.1M
10%
Cost to raise $1
Fundraising expense (3-yr avg) $870K · Solicited contributions (3-yr avg) $1.3M
$0.69 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.4M · Total revenue $11.8M
12%
Government reliance
Government grants — · Total revenue $11.8M
Earned-income share
Program service revenue $0 · Total revenue $11.8M
0%
Investment reliance
Investment income $9.5M · Total revenue $11.8M
+80%
Program self-sufficiency
Program service revenue $0 · Total expenses $9.1M
0%
Growth & trend
Revenue growth (YoY)
This year $11.8M · Prior year $4.5M
+165%
Revenue CAGR
FY2020 $7.6M · FY2024 $11.8M
+12%
Net-asset trend (YoY)
End of year $124.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $11.8M · Expenses $9.1M
+23%
Liabilities-to-Assets
Total liabilities — · Total assets $128.6M
Net-asset ratio
Net assets $124.7M · Total assets $128.6M
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $92.9M · Other securities (Pt X, ln 12) $23.5M · Total assets (Pt X, ln 16) $128.6M
91%
People & payroll
Highest Reported Total Compensation
Individual Scott W Buchanan · Reported title CEO & PRESIDENT · Highest reported compensation $215K · Total expenses $9.1M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $2.1M · Total expenses $9.1M
23%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 54%
Overhead ratio 37%
Fundraising cost ratio 64%
Revenue growth 165%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%

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.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 5 funders →
Grants paid · 609 grants · $17.1M · 2020–2024
Shiloh Community AssociationNC · FY2024$286,470
Ymi Cultural Center INCNC · FY2024$75,000
Ytl Training ProgramsNC · FY2024$61,063
W4h AshevilleNC · FY2024$61,063
The Community Kitchen INCNC · FY2024$61,063
Restoration House - WncNC · FY2024$61,063
Only Hope WncNC · FY2024$61,063
Helping Hands of HaywoodNC · FY2024$58,063
Tractor Food and FarmsNC · FY2024$51,063
See all 609 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$11.8M revenue · viewing · ⤓ 990 PDF
FY2023$4.5M revenue · ⤓ 990 PDF
FY2022$5.8M revenue · ⤓ 990 PDF
FY2021not on file
FY2020$7.6M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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