Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 09-01-2021 , and ending 08-31-2022
Name of foundation
NC FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)12295 ORACLE BLVD SUITE 320
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
COLORADO SPRINGS, CO80921
A Employer identification number

84-1550507
B Telephone number (see instructions)

(719) 598-2600
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$5,128,679J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 1,756 1,756  
4 Dividends and interest from securities...      
5a Gross rents............ 573,999 419,364  
b Net rental income or (loss) 255,818
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 575,755 421,120  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 75,000 12,000   18,750
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,795 959   1,055
c Other professional fees (attach schedule)....        
17 Interest............... 18,514 13,526   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 41,528 28,764   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 63,517 46,405  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 196,780 143,768   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 400,134 245,422   19,805
25 Contributions, gifts, grants paid....... 276,454 276,454
26 Total expenses and disbursements. Add lines 24 and 25 676,588 245,422   296,259
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -100,833
b Net investment income (if negative, enter -0-) 175,698
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 425,152 375,791 375,791
2 Savings and temporary cash investments......... 601,402 602,888 602,888
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet3,172,137
Less: accumulated depreciation (attach schedule) bullet1,081,433 2,088,614 Click to see attachment2,090,704 4,150,000
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,115,168 3,069,383 5,128,679
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 591,688 571,238
22 Other liabilities (describe bullet) Click to see attachment25,489 Click to see attachment100,987
23 Total liabilities (add lines 17 through 22)......... 617,177 672,225
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 2,497,991 2,397,158
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 2,497,991 2,397,158
30 Total liabilities and net assets/fund balances (see instructions). 3,115,168 3,069,383
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
2,497,991
2
Enter amount from Part I, line 27a .....................
2
-100,833
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
2,397,158
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
2,397,158
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 2,442
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,442
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 3,120
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,120
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 5
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 673
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet673 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCO
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
     
    No
    Website addressbulletN/A
    14
    The books are in care ofbulletTHE COMPANY Telephone no.bullet (719) 598-2600

    Located atbullet12295 ORACLE BLVD SUITE 320COLORADO SPRINGSCO ZIP+4bullet80921
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
     
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    PATRICK DOW CEO
    20.00     		35,000 0 0
    12295 ORACLE BLVD
    COLORADO SPRINGS,CO80921
    NICKY CRUZ PRESIDENT
    10.00     		40,000 0 0
    12295 ORACLE BLVD
    COLORADO SPRINGS,CO80921
    LAURA KING BOARD MEMBER
    2.00     		0 0 0
    12295 ORACLE BLVD
    COLORADO SPRINGS,CO80921
    ALICIA DOW BOARD MEMBER
    2.00     		0 0 0
    12295 ORACLE BLVD
    COLORADO SPRINGS,CO80921
    GLORIA CRUZ BOARD MEMBER
    2.00     		0 0 0
    12295 ORACLE BLVD
    COLORADO SPRINGS,CO80921
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    0
    b
    Average of monthly cash balances.......................
    1b
    1,029,711
    c
    Fair market value of all other assets (see instructions)................
    1c
    4,150,000
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,179,711
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    571,238
    3
    Subtract line 2 from line 1d.........................
    3
    4,608,473
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    69,127
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    4,539,346
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    226,967
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
    226,967
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    2,442
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    1,464
    c
    Add lines 2a and 2b............................
    2c
    3,906
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    223,061
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    223,061
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    223,061
    Part XI
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 223,061
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 387,656
    b From 2017...... 156,299
    c From 2018...... 50,444
    d From 2019......  
    e From 2020...... 47,201
    f Total of lines 3a through e ........ 641,600
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 296,259
    a Applied to 2020, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 223,061
    e Remaining amount distributed out of corpus 73,198
    5 Excess distributions carryover applied to 2021. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 714,798
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		387,656
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		327,142
    10 Analysis of line 9:
    a Excess from 2017.... 156,299
    b Excess from 2018.... 50,444
    c Excess from 2019....  
    d Excess from 2020.... 47,201
    e Excess from 2021.... 73,198
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    NICKY CRUZ OUTREACH INC
    12295 ORACLE BLVD
    COLORADO SPRINGS,CO80921     		N/A PUBLIC CHARITY RELIGIOUS MINISTRIES TO REACH URBAN YOUTH 276,454
    Total .................................bullet 3a 276,454
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    18 1,756  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property...... 532000 255,818      
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		         
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 255,818 1,756 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    257,574
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    NC FOUNDATION
    EIN:
    84-1550507
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 4,255 851   936
    LEGAL 540 108   119

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    TY 2021 AmortizationSchedule
    Name:
    NC FOUNDATION
    EIN:
    84-1550507
    Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
    2005 CLOSING COSTS CAPITALIZED 2005-08-31 10,985 10,985 41.000000000000   0   10,985
    LEASE COMMISSION - EDWARD JONES 2013-08-13 2,489 2,489 36.000000000000   0   2,489
    LEASE COMMISSION - CHERWELL STE 105 2013-12-01 2,352 2,352 12.000000000000   0   2,352
    LEASE COMMISSION - PENGUIN RANDOM HOUSE 2015-06-01 6,506 6,506 12.000000000000   0   6,506
    LEASE COMMISSION - EDWARD JONES 2016-11-01 2,565 2,565 36.000000000000   0   2,565
    LEASE COMMISSION - ADVANCE MEDICAL BILLING 2016-10-01 2,802 2,802 36.000000000000   0   2,802
    LEASE COMMISSION - LILLIE AVE 2016-10-15 798 798 12.000000000000   0   798
    CLOSING COST 2017-07-06 3,685 2,192 84.000000000000 526 384   2,718
    ORIGINATION COSTS 2017-07-05 9,000 5,358 84.000000000000 1,286 940   6,644
    LEASE COMMISSION = ROBERT SOUTHARD 2018-05-09 19 13 62.000000000000 6 4   19
    LEASE COMMISSION - AIR ACADEMY ASSOCIATES 2018-05-22 13,676 8,603 62.000000000000 2,647 1,934   11,250
    LEASE COMMISSION - CBG CROP DIVERSIFIED 2018-08-14 875 875 5.000000000000   0   875
    LEASE COMMISSION - MAYFIELD COUNSELING 2018-06-12 5,069 5,069 36.000000000000   0   5,069
    LEASE COMMISSION - MBS 2018-11-01 4,583 4,329 36.000000000000 254 186   4,583
    LEASE COMMISSION - 180 ACCOUNTING 2018-12-01 3,000 2,750 36.000000000000 250 183   3,000
    LEASE COMMISSION - SLIGHT EDGE 2019-01-01 964 964 24.000000000000   0   964
    LEASE COMMISSION - NEW ST HOME 2019-02-01 4,800 3,916 38.000000000000 884 646   4,800
    LEASE COMMISSION - CASTLAND PRODUCTIONS 2019-02-01 8,450 4,092 64.000000000000 1,584 1,157   5,676
    LEASE COMMISSION - 180 ACCOUNTING 2018-12-01 3,792 3,476 36.000000000000 316 231   3,792
    LEASE COMMISSION - EDWARD JONES 2019-09-24 4,508 1,728 60.000000000000 902 659   2,630
    LEASE COMMISSION - CORNERSTONE CHRISTIAN COUNSELING 2021-02-09 2,021 393 36.000000000000 674 492   1,067
    LEASE COMMISSION - MAHER & MAHER UNIT 300 2022-01-28 20,103   28.000000000000 5,026 3,672   5,026
    LEASE COMMISSION - MAHER & MAHER UNIT 130 2022-05-17 3,027   24.000000000000 378 276   378
    LEASE COMMISSION - ATWELL UNIT 200 2022-08-23 8,963   36.000000000000   0    

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    TY 2021 DepreciationSchedule
    Name:
    NC FOUNDATION
    EIN:
    84-1550507
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    CAP. CONSTR. COSTS 2005-08-09 11,753 4,829 SL 39.000000000000 301 301    
    TF - SUITE 120 2005-04-05 85,060 35,714 SL 39.000000000000 2,181 2,181    
    TF - SUITE 200 WATERBROOK 2005-05-10 372,540 155,618 SL 39.000000000000 9,552 9,552    
    2005 BUILDING #2 CONSTRUCTION 2005-04-05 1,251,793 525,588 SL 39.000000000000 32,097 32,097    
    2005 CAPITALIZED INTEREST 2005-04-05 111,629 46,865 SL 39.000000000000 2,862 2,862    
    TENANT FINISH - SUITE 105 BLDG #2 2006-03-22 124,858 49,482 SL 39.000000000000 3,201 3,201    
    BUILDING #2 FRAMING 2005-10-19 61,649 25,098 SL 39.000000000000 1,581 1,581    
    TENANT FINISH - MBS BLINDS 2006-04-10 3,918 3,918 200DB 5.000000000000 0 0    
    SNOW GUARDS - BLDG #2 2006-04-10 1,815 722 SL 39.000000000000 47 47    
    CAPITALIZE CONSTRUCTION INTEREST 2006-04-27 51,836 20,433 SL 39.000000000000 1,329 1,329    
    TF - SUITE 100 (LESS REIMBURSE ON #200 OF $19,593) 2007-01-19 178,462 66,924 SL 39.000000000000 4,576 4,576    
    SNOW GUARDS - BLDG #2 2007-02-14 1,063 393 SL 39.000000000000 27 27    
    TENANT FINISH - BLDG #2 2008-03-31 1,875 644 SL 39.000000000000 48 48    
    TENANT FINISH - BLDG #2 2009-10-31 3,582 1,092 SL 39.000000000000 92 92    
    TENANT FINISH - BLDG #2 2010-04-22 4,654 1,354 SL 39.000000000000 119 119    
    HEAT TAPE - BLDG #2 2014-01-28 6,014 1,168 SL 39.000000000000 154 154    
    TENANT FINISH - STE 105 2015-10-27 11,274 1,686 SL 39.000000000000 289 289    
    TENANT IMPROVEMENTS 2017-03-28 55,103 6,256 SL 39.000000000000 1,413 1,413    
    LAND 2001-08-31 283,140   L   0 0    
    DEVELOPMENT COSTS 2002-08-31 39,087   L   0 0    
    CAPITALIZE REAL ESTATE TAXES 2002-08-31 7,204   L   0 0    
    DEVELOPMENT COSTS 2003-08-31 185,819   L   0 0    
    CAPITALIZED R.E. TAXES 2003-08-31 7,392   L   0 0    
    DEVELOPMENT COSTS 2003-08-31 20,000   L   0 0    
    DEVELOPMENT COSTS 2004-08-31 9,255   L   0 0    
    LANDSCAPING 2005-09-16 1,806   L   0 0    
    DEVELOPMENT COSTS 2007-06-08 5,451   L   0 0    
    LANDSCAPING 2006-09-20 1,403   L   0 0    
    DEVELOPMENT COSTS #3 2007-06-08 12,512   L   0 0    
    LANDSCAPING 2007-10-12 1,833   L   0 0    
    REPLAT 2008-08-26 1,000   L   0 0    
    LANDSCAPING 2008-03-31 2,947   L   0 0    
    OUTDOOR SIGNAGE 2016-12-29 5,626 1,750 SL 15.000000000000 375 375    
    SIGNAGE - ELECTRICAL WORK 2018-02-14 4,465 1,068 SL 15.000000000000 298 298    
    TENANT IMPROVEMENTS - AIR ACADEMY 2018-05-16 8,602 718 SL 39.000000000000 221 221    
    TENANT IMPROVEMENTS - AIR ACADEMY 2018-05-16 16,398 1,365 SL 39.000000000000 420 420    
    TENANT IMPROVEMENTS - SOUTHARD 2018-07-25 4,000 318 SL 39.000000000000 103 103    
    IMPROVEMENTS 2017-12-31 12,814 1,206 SL 39.000000000000 329 329    
    IMPROVEMENTS - COMMON AREA 2018-12-21 6,490 443 SL 39.000000000000 166 166    
    WATER HEATER 2020-04-30 3,660 325 SL 15.000000000000 244 244    
    CONDENSER AND EVAPORATOR 2019-11-12 7,894 371 SL 39.000000000000 202 202    
    CARPETING - UNIT 320 2022-07-21 11,142   SL 5.000000000000 186 186    
    HVAC REPLACEMENT UNIT 300 2022-06-14 8,617   SL 15.000000000000 144 144    
    TENANT IMPROVEMENTS UNIT 200 2022-01-11 13,041   SL 15.000000000000 580 580    
    TENANT IMPROVEMENTS - UNIT 330 2022-06-30 6,950   SL 15.000000000000 77 77    
    SECURITY SYSTEM 2021-10-26 4,230   SL 39.000000000000 90 90    
    TENANT IMPROVEMENTS UNIT 230 2021-12-14 4,266   SL 15.000000000000 213 213    

    TY 2021 InvestmentsLandSchedule2
    Name:
    NC FOUNDATION
    EIN:
    84-1550507
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    CAP. CONSTR. COSTS 11,753 5,130 6,623  
    TF - SUITE 120 85,060 37,895 47,165  
    TF - SUITE 200 WATERBROOK 372,540 165,170 207,370  
    2005 BUILDING #2 CONSTRUCTION 1,251,793 557,685 694,108  
    2005 CAPITALIZED INTEREST 111,629 49,727 61,902  
    2005 CLOSING COSTS CAPITALIZED 10,985 10,985 0  
    TENANT FINISH - SUITE 105 BLDG #2 124,858 52,683 72,175  
    BUILDING #2 FRAMING 61,649 26,679 34,970  
    TENANT FINISH - MBS BLINDS 3,918 3,918 0  
    SNOW GUARDS - BLDG #2 1,815 769 1,046  
    CAPITALIZE CONSTRUCTION INTEREST 51,836 21,762 30,074  
    TF - SUITE 100 (LESS REIMBURSE ON #200 OF $19,593) 178,462 71,500 106,962  
    SNOW GUARDS - BLDG #2 1,063 420 643  
    TENANT FINISH - BLDG #2 1,875 692 1,183  
    TENANT FINISH - BLDG #2 3,582 1,184 2,398  
    TENANT FINISH - BLDG #2 4,654 1,473 3,181  
    HEAT TAPE - BLDG #2 6,014 1,322 4,692  
    TENANT FINISH - STE 105 11,274 1,975 9,299  
    TENANT IMPROVEMENTS 55,103 7,669 47,434  
    LAND 283,140 0 283,140  
    DEVELOPMENT COSTS 39,087 0 39,087  
    CAPITALIZE REAL ESTATE TAXES 7,204 0 7,204  
    DEVELOPMENT COSTS 185,819 0 185,819  
    CAPITALIZED R.E. TAXES 7,392 0 7,392  
    DEVELOPMENT COSTS 20,000 0 20,000  
    DEVELOPMENT COSTS 9,255 0 9,255  
    LANDSCAPING 1,806 0 1,806  
    DEVELOPMENT COSTS 5,451 0 5,451  
    LANDSCAPING 1,403 0 1,403  
    DEVELOPMENT COSTS #3 12,512 0 12,512  
    LANDSCAPING 1,833 0 1,833  
    REPLAT 1,000 0 1,000  
    LANDSCAPING 2,947 0 2,947  
    OUTDOOR SIGNAGE 5,626 2,125 3,501  
    CLOSING COST 3,685 2,718 967  
    ORIGINATION COSTS 9,000 6,644 2,356  
    LEASE COMMISSION = ROBERT SOUTHARD 19 19 0  
    LEASE COMMISSION - AIR ACADEMY ASSOCIATES 13,676 11,250 2,426  
    SIGNAGE - ELECTRICAL WORK 4,465 1,366 3,099  
    TENANT IMPROVEMENTS - AIR ACADEMY 8,602 939 7,663  
    TENANT IMPROVEMENTS - AIR ACADEMY 16,398 1,785 14,613  
    TENANT IMPROVEMENTS - SOUTHARD 4,000 421 3,579  
    IMPROVEMENTS 12,814 1,535 11,279  
    LEASE COMMISSION - MBS 4,583 4,583 0  
    LEASE COMMISSION - 180 ACCOUNTING 3,000 3,000 0  
    LEASE COMMISSION - NEW ST HOME 4,800 4,800 0  
    LEASE COMMISSION - CASTLAND PRODUCTIONS 8,450 5,676 2,774  
    LEASE COMMISSION - 180 ACCOUNTING 3,792 3,792 0  
    IMPROVEMENTS - COMMON AREA 6,490 609 5,881  
    LEASE COMMISSION - EDWARD JONES 4,508 2,630 1,878  
    WATER HEATER 3,660 569 3,091  
    CONDENSER AND EVAPORATOR 7,894 573 7,321  
    LEASE COMMISSION - CORNERSTONE CHRISTIAN COUNSELING 2,021 1,067 954  
    LEASE COMMISSION - MAHER & MAHER UNIT 300 20,103 5,026 15,077  
    LEASE COMMISSION - MAHER & MAHER UNIT 130 3,027 378 2,649  
    LEASE COMMISSION - ATWELL UNIT 200 8,963 0 8,963  
    CARPETING - UNIT 320 11,142 186 10,956  
    HVAC REPLACEMENT UNIT 300 8,617 144 8,473  
    TENANT IMPROVEMENTS UNIT 200 13,041 580 12,461  
    TENANT IMPROVEMENTS - UNIT 330 6,950 77 6,873  
    SECURITY SYSTEM 4,230 90 4,140  
    TENANT IMPROVEMENTS UNIT 230 4,266 213 4,053  

    TY 2021 OtherExpensesSchedule
    Name:
    NC FOUNDATION
    EIN:
    84-1550507
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADMINISTRATIVE COSTS 360 263   0
    ASSN FEES 64,714 47,280   0
    BUILDING REPAIRS 38,495 28,124   0
    BUILDING SERVICE 8,880 6,488   0
    GROUNDS MAINTENANCE 921 673   0
    MILEAGE 160 117   0
    PROPERTY MGMT FEES 27,572 20,144   0
    SUPPLIES 978 715   0
    UTILITIES 37,360 27,295   0
    PROPERTY INSURANCE 2,607 1,905   0
    AMORTIZATION 14,733 10,764   0


    TY 2021 OtherLiabilitiesSchedule
    Name:
    NC FOUNDATION
    EIN:
    84-1550507
    Description Beginning of Year - Book Value End of Year - Book Value
    SECURITY DEPOSITS 25,489 25,987
    DUE TO NICKY CRUZ OUTREACH 0 75,000


    TY 2021 TaxesSchedule
    Name:
    NC FOUNDATION
    EIN:
    84-1550507
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 2,158 0   0
    REAL ESTATE TAXES 39,370 28,764   0