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State Capitol Foundation INC FY2020 filing

Tax-deductible

Raleigh, NC501(c)(3)Arts & Culture EIN 59-1724571Revenue $59K in FY2020

On file with the IRS4624 Mail Service Ctr, 27699-4600 · Raleigh, NCTax-exempt since May 1977Publicly supported charity — 170(b)(1)(A)(vi)

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To assist the State of north carolina to maintain, preserve, furnish, equip, exhibit and interpret to the public the north carolina State Capitol and union square on which IT stands.

501(c)(3) charity; gifts are tax-deductible.
58¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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 6
filings with a surplus
Average surplus $74K a year · 50% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
58%
of spending
Worth a look: 58% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
51 mo
of spending, in cash
Plus $483K in investments, Pt X · Ln 11–13
Looks good: 51.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
39
of 39 voting members
Looks good: 39 of 39 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$59K
Spent
$24K
To programs
58%
Net assets
$605K
By yearFY2020–FY2025
Revenue
$59K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$59K
FY2021$30K
FY2022$158K
FY2023$67K
FY2024$146K
FY2025$439K
Expenses
$24K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$24K
FY2021$15K
FY2022$55K
FY2023$94K
FY2024$116K
FY2025$148K
Net assets
$605K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$605K
FY2021$620K
FY2022$723K
FY2023$696K
FY2024$726K
FY2025$1.0M

From the FY2020 Form 990 (year ending June 2020) · see the original

990 PDF Claim
You’re viewing the FY2020 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 May 1977.

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

Where the money goes

58 cents of each dollar spent went to programs.

Program services 58% · $14K Management & general 42% · $10K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Katie Cashion
Immediate PA
$0Pt VII · Sec A
Edward Davis
Second VP
$0Pt VII · Sec A
$0Pt VII · Sec A
Julie Lisella
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See State Capitol Foundation INC 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 15aNo

Programs and updates

Preserves and interprets North Carolina's State Capitol and Union Square for the public.

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Provided by the organization

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1 program · $14K · in their own filed words · FY2019
01

To support north carolina in its mission to further educational opportunities at the capitol and to encourage the continual restoration and interpretation of this most important civic building.

$14Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
State Employees' Credit UnionFY2024$10K
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$59K
Ln 12
Gifts and grantsLn 1h$51K
Investment incomeLn 3$16K
Fees for servicesLn 2g$1K
Money outPt IX
$24K
Ln 25
Programscol B$14K
Managementcol C$10K
Owns and owesPt X
$605K
net assets · Ln 32
Cash and savingsLn 1–2$104K
Total assetsLn 16$605K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a39
IndependentVI 1b39
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$51K
Fundraising eventsLn 1c$45K
Fees for servicesLn 2g$1K
Investment incomeLn 3$16K
Gains on assetsLn 7−$162
Total revenueLn 12$59K
Assets in detailPt X, end of year
CashLn 1$82
SavingsLn 2$104K
Cash and savings togetherLn 1–2$104K
InvestmentsLn 11–13$483K
Total assetsLn 16$605K
LiabilitiesLn 26$0
Net assetsLn 32$605K
OperationsPt I, VI
EmployeesI 50
VolunteersI 640
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$92K$104K
InvestmentsLn 11–13$459K$483K
Total assetsLn 16$571K$605K
LiabilitiesLn 26$0$0
Net assetsLn 32$571K$605K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$5K$5K
Office expensesLn 13$536$536
Conferences, conventions and meetingsLn 19$1K$1K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$10K$7K$3K
All other expensesLn 24e$6K$6K$13
Total functional expensesLn 25$24K$14K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $439K$148K$292K$1.0M 990 PDF
FY2024 $146K$116K$29K$726K 990 PDF
FY2023 $67K$94K−$26K$696K 990 PDF
FY2022 $158K$55K$103K$723K 990 PDF
FY2021 $30K$15K$15K$620K 990 PDF
FY2020 Viewing $59K$24K$34K$605K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $58,570 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $12,804$51,097
I-9 Program service revenuePrior year $4,849$1,299
I-10 Investment incomePrior year $15,519$16,206
I-11 Other revenuePrior year $45,350−$10,032
I-12 Total revenuePrior year $78,522$58,570
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $31,834$24,430
I-18 Total expensesPrior year $31,834$24,430
I-19 Revenue less expensesPrior year $46,688$34,140
Part VI · Governance 39 of 39 board members independent, 4 to look at
VI-1a Voting members of the governing body39
VI-1b Independent voting members39
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $58,570 across 9 lines filed
Lines not itemized here account for −$2,275 of total revenue; see the IRS return.
VIII-1c Fundraising events$45,442
VIII-1f All other contributions, gifts and grants$5,655
VIII-1h Total contributions, gifts and grants$51,097
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,299$1,299
VIII-3 Investment incomeRelated to mission $16,368$16,368
VIII-7 Net gain or loss on sales of assetsRelated to mission −$162−$162
VIII-8 Net income from fundraising events−$11,102
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,345$3,345
VIII-12 Total revenueRelated to mission $18,575$58,570
Part IX · Statement of functional expenses $24,430 across 6 lines filed
IX-11c Accounting feesManagement $5,291$5,291
IX-13 Office expensesManagement $536$536
IX-19 Conferences, conventions and meetingsPrograms $1,043$1,043
IX-23 InsuranceManagement $1,332$1,332
IX-24 Other expenses (24a–d)Programs $7,250 · Management $3,061$10,311
IX-24e All other expensesPrograms $5,904 · Management $13$5,917
IX-25 Total functional expensesPrograms $14,197 · Management $10,233 · Fundraising $0$24,430
Part X · Balance sheet $604,960 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $67$82
X-2 Savings and temporary cash investmentsStart of year $92,242$104,014
X-8 Inventories for sale or useStart of year $19,579$17,955
X-11 Publicly traded securitiesStart of year $458,932$482,909
X-16 Total assetsStart of year $570,820$604,960
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $497,374$531,382
X-28 Net assets with donor restrictionsStart of year $73,446$73,578
X-32 Total net assets or fund balancesStart of year $570,820$604,960
X-33 Total liabilities and net assetsStart of year $570,820$604,960
Part XI · Reconciliation of net assets $604,960 net assets at year end
XI-1 Total revenue$58,570
XI-2 Total expenses$24,430
XI-3 Revenue less expenses$34,140
XI-4 Net assets at start of year$570,820
XI-10 Net assets at end of year$604,960

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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