Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2021.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
85 cents of each dollar spent went to programs.
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
24 people listed on the 990; $1.4M paid to officers and key staff.
William Buster’s $386K as President (until 02/28/24) is at the 33rd percentile of top reported officer pay among 129 $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 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|
| William Buster | $386,134 | $406,850 | $329,167 |
| Lakesha McDay | $222,250 | $251,675 | $72,917 |
| Joel Beeson | $210,819 | $202,021 | $56,875 |
| Emily Page | $148,188 | — | — |
| Leigh Quarles | $120,280 | — | — |
| Terri Burhans | $119,425 | — | — |
| Henry Maurer | $104,600 | — | — |
| Dan Winslow | $81,375 | — | — |
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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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
Awards grants and financial support to local organizations to improve education, health equity, community safety, and economic development for New Hanover County residents.
Questions for New Hanover Community Endowment INC
Your first name shows with your question. New Hanover Community Endowment INC answers here, for everyone.
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Providing financial support to benefit the residents of New Hanover County and region. New Hanover Community Endowment, Inc. focuses on (1) public primary, secondary, and post-secondary education, (2) health and social equity, (3) community development, and (4) community safety in furtherance of the mission and initiatives of New Hanover…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $14.9M | $62.5M |
| InvestmentsLn 11–13 | $1.38B | $1.49B |
| Total assetsLn 16 | $1.41B | $1.55B |
| LiabilitiesLn 26 | $24K | $54K |
| Net assetsLn 32 | $1.41B | $1.55B |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $60.7M | $60.7M | ||
| Pay of current officers, directors and key staffLn 5 | $980K | $735K | $245K | |
| Other salaries and wagesLn 7 | $746K | $560K | $187K | |
| Pension plan contributionsLn 8 | $56K | $42K | $14K | |
| Other employee benefitsLn 9 | $50K | $37K | $12K | |
| Payroll taxesLn 10 | $112K | $84K | $28K | |
| Legal feesLn 11b | $89K | $89K | ||
| Accounting feesLn 11c | $69K | $69K | ||
| Investment management feesLn 11f | $10.0M | $10.0M | ||
| Other fees for servicesLn 11g | $442K | $331K | $110K | |
| Office expensesLn 13 | $38K | $29K | $10K | |
| Information technologyLn 14 | $77K | $58K | $19K | |
| OccupancyLn 16 | $177K | $133K | $44K | |
| TravelLn 17 | $12K | $9K | $3K | |
| Conferences, conventions and meetingsLn 19 | $62K | $46K | $15K | |
| InsuranceLn 23 | $52K | $39K | $13K | |
| Other expenses (24a–d)Ln 24 | $118K | $118K | ||
| Total functional expensesLn 25 | $73.8M | $62.8M | $11.0M | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $111.7M | $73.8M | $37.8M | $1.5B | 990 PDF |
| FY2023 | $72.9M | $4.8M | $68.1M | $1.4B | 990 PDF |
| FY2022 | −$36.7M | $10.6M | −$47.3M | $1.2B | 990 PDF |
| FY2021 | $1.3B | $719K | $1.3B | $1.3B | 990 PDF |
| FY2020 | −$7K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $111,652,777 revenue, 12 lines filed
Part VI · Governance 13 of 13 board members independent, no flags
Part VIII · Statement of revenue $111,652,777 across 5 lines filed
Part IX · Statement of functional expenses $73,806,669 across 17 lines filed
Part X · Balance sheet $1,548,109,603 assets, 10 lines filed
Part XI · Reconciliation of net assets $1,548,055,777 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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