2022-10-17T07:52:36-05:00 2022-06-30 BDO USA LLP 1100 Peachtree Street Suite 700 ATLANTA GA 303094516 990 2021-07-01 522204473 The Golden LEAF Inc % ERICA SMITH GOLD 2524427474 301 N Winstead Avenue Rocky Mount NC 27804 SCOTT T HAMILTON PRESIDENT 2524427474 2022-10-13 true SCOTT T HAMILTON 999009999 SANDRA L FEINSMITH P01064157 4046886841 2022-10-11 2 2021 2022-09-23 18:48:47Z SCOTT T HAMILTON 301 N Winstead Avenue Rocky Mount NC 27804 381136407 false X www.goldenleaf.org X 1999 NC SEE PART III, LINE 1 15 15 21 0 346999 0 95710093 42778981 0 0 86190829 84903145 0 0 181900922 127682126 135774769 126685340 0 0 2248591 2411361 0 0 0 3536444 3950365 141559804 133047066 40341118 -5364940 1379237142 1203014453 154263791 218513934 1224973351 984500519 X GOLDEN LEAF'S MISSION IS TO INCREASE ECONOMIC OPPORTUNITY IN NORTH CAROLINA'S RURAL AND TOBACCO-DEPENDENT COMMUNITIES THROUGH LEADERSHIP IN GRANTSMAKING, COLLABORATION, INNOVATION, AND STEWARDSHIP AS AN INDEPENDENT AND PERPETUAL FOUNDATION. false false 128584666 126685340 0 THE PRIMARY PURPOSE FOR WHICH THIS CORPORATION WAS FORMED IS TO PROMOTE THE SOCIAL WELFARE AND LESSEN THE BURDENS OF GOVERNMENT BY RECEIVING AND DISTRIBUTING FUNDS TO BE USED TO PROVIDE ECONOMIC IMPACT ASSISTANCE TO ECONOMICALLY AFFECTED OR TOBACCO-DEPENDENT REGIONS OF NORTH CAROLINA. IN ACCORDANCE WITH THE CONSENT DECREE AND FINAL JUDGMENT IN STATE OF NORTH CAROLINA V. PHILLIP MORRIS INCORPORATED, ET AL., 98 CVS 14377. ACTIVITIES IN WHICH THE CORPORATION MAY ENGAGE IN THE STATE OF NORTH CAROLINA INCLUDE, BUT ARE NOT LIMITED TO, THE FOLLOWING: 1. EDUCATION ASSISTANCE- PROVISION OF FUNDS FOR EDUCATIONAL PROGRAMS FOR TOBACCO FARMERS AND OTHER WORKERS IMPACTED OR PROJECTED TO BE IMPACTED BY THE DECLINE IN DEMAND FOR AND/OR PRODUCTION OF TOBACCO OR TOBACCO PRODUCTS. 2. JOB TRAINING AND EMPLOYMENT ASSISTANCE - PROVISION OF LOANS AND GRANTS, TO BE USED FOR JOB TRAINING AND OTHER EMPLOYMENT-RELATED PROGRAMS TO ORGANIZATIONS ASSISTING TOBACCO FARMERS AND OTHER WORKERS DEPENDENT ON TOBACCO FARMING, PRODUCTION AND SALES TO TRANSITION TO OTHER SOURCES OF INCOME. 3. SCIENTIFIC RESEARCH - PROVISION OF FUNDING FOR SCIENTIFIC RESEARCH TO DEVELOP NEW USES FOR TOBACCO OR FOR THE DEVELOPMENT OF ALTERNATIVE CASH CROPS. 4. ECONOMIC HARDSHIP ASSISTANCE - PROVISION OF DIRECT GRANTS, LOANS AND OTHER ASSISTANCE PROGRAMS TO ALLEVIATE ECONOMIC HARDSHIP, POVERTY OR NEED EXPERIENCED BY TOBACCO FARMERS, QUOTA OWNERS, THEIR FAMILIES AND OTHERS AS A RESULT OF DECLINE IN QUOTA AND/OR PRODUCTION OF TOBACCO OR TOBACCO PRODUCTS. 5. PUBLIC WORKS AND INDUSTRIAL RECRUITMENT - PROVISION OF GRANTS AND LOANS TO LOCAL GOVERNMENTS FOR UPGRADING UTILITIES, TRANSPORTATION, AND OTHER PUBLIC SERVICE INFRASTRUCTURE TO ATTRACT NEW BUSINESSES OR FOR MORE GENERAL ECONOMIC DEVELOPMENT PURPOSES. 6. HEALTH AND HUMAN SERVICES - PROVISION OF FUNDING FOR IMPROVED HEALTH CARE AND OTHER SOCIAL SERVICES NEEDED TO MAINTAIN THE STABILITY OF TOBACCO-DEPENDENT COMMUNITIES. 7. COMMUNITY ASSISTANCE - PROVISION OF DIRECT GRANTS AND LOANS TO ECONOMICALLY DEPRESSED AND DETERIORATING TOBACCO-DEPENDENT COMMUNITIES TO BE USED EXCLUSIVELY FOR PUBLIC PURPOSES. 128584666 true true false true false false false false false false false true false false false false true false false false true false false false false false false true false true false false false false false false false false false false false false false false false false false true 15 0 true 21 true true true true EI false false false false false false false false false false X 15 15 false false false false true true true true true false false true true true true true true true false false X ERICA SMITH 2524427474 301 N WINSTEAD AVE rocky mount NC 27804 X Scott T Hamilton President/CEO 40.0 0.0 X 242789 0 36926 Edward P Lord SVP/General Counsel 40.0 0.0 X 168061 0 37700 Beth A Edmondson Controller 30.0 0.0 X 121603 0 28218 Kasey E Ginsberg Dir of Programs/External Affai 40.0 0.0 X 122028 0 22331 Terri Adou-dy Dir of Programs/Programs Admin 40.0 0.0 X 112708 0 28993 Jonathan P Boyd Director of Investments 40.0 0.0 X 118596 0 22096 Marilyn M Chism Director of Programs 40.0 0.0 X 108061 0 10802 Darryl Moss Director 3.0 0.0 X 1872 0 0 Jerome Vick Director 3.0 0.0 X 1664 0 0 Bobbie J Richardson Secretary 3.0 0.0 X X 1560 0 0 Murchison Biggs Director 3.0 0.0 X 1248 0 0 David L Rose Director 3.0 0.0 X 1248 0 0 Ralph Strayhorn III Vice Chair 3.0 0.0 X X 1248 0 0 Randy Isenhower Director 3.0 0.0 X 1040 0 0 Charles P Brown Director 3.0 0.0 X 0 0 0 S Lawrence Davenport Director 3.0 0.0 X 0 0 0 Barry Z Dodson Director 3.0 0.0 X 0 0 0 Donald E Flow Board Chair 15.0 0.0 X X 0 0 0 Laurence Lilley Director 3.0 0.0 X 0 0 0 Brian Raynor Director 3.0 0.0 X 0 0 0 Johnathan Rhyne Jr Treasurer/Asst. Secretary 3.0 0.0 X X 0 0 0 Lee Roberts Director 3.0 0.0 X 0 0 0 Thomas F Taft Sr Director 3.0 0.0 X 0 0 0 Erica smith controller 40.0 0.0 X 0 0 0 1003726 0 187066 7 false true false Wellington Management 280 Congress Street BOSTON MA 02110 INVESTMENT MGMT 686109 Silchester International Investors 780 Third Avenue 42nd Floor NEW YORK NY 10017 Investment MGMT 631196 Prime Buchholz Associates Inc 25 Chestnut Street PORTSMOUTH NH 03801 INVEST. CONSULTING 335098 Acadian Asset Management LLC 260 Franklin Street 21st Floor BOSTON MA 02110 Investment MGMT 199095 Sit Fixed Income Advisors LLC 80 South 8th Street Suite 3300 MINNEAPOLIS MN 55402 Investment MGMT 242925 7 42500000 278981 42778981 0 14919713 346999 14572714 0 0 0 0 0 323437713 253454281 69983432 69983432 69983432 0 0 0 0 0 0 0 0 0 0 127682126 346999 84556146 126685340 126685340 0 0 0 1178746 772240 406506 0 842996 593428 249568 79052 58167 20885 179838 136363 43475 130729 88887 41842 0 203029 203029 73560 73560 0 0 2887959 2887959 202011 202011 78193 78193 50109 50109 140660 140660 0 85897 85897 42255 39034 3221 0 0 0 0 0 19228 19228 BOARD OF DIRECTORS EXPENSES 61747 61747 CAPITAL OUTLAYS 55387 55387 DUES AND MEMBERSHIPS 13122 13122 MEETINGS 9196 9196 28012 28012 133047066 128584666 4462400 0 998403 1810078 0 0 0 0 3711210 3298854 0 0 0 0 29732 24776 0 0 127707 120181 0 0 458655275 484216526 915714815 713544038 0 0 0 0 0 0 1379237142 1203014453 237425 269711 154026366 218244223 0 0 0 0 0 0 0 0 0 0 0 0 0 0 154263791 218513934 X 0 0 0 0 1224973351 984500519 1224973351 984500519 1379237142 1203014453 X -5364940 -240742095 5634203 X false true X true true true X 47744750 57739692 42706990 95710093 42778981 286680506 0 0 47744750 57739692 42706990 95710093 42778981 286680506 0 286680506 13527254 16891425 16352323 11741778 14919713 73432493 0 4776 7440 390 0 0 12606 360125605 0 0.79606 0.80506 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 7859 false false 7859 false Lobbying Activity - Form 990, Schedule C, Part II-B, LIne 1G: THESE EXPENSES REPRESENT SALARY AND BENEFITS FOR OUR DIRECTOR OF PROGRAMS/EXTERNAL AFFAIRS FOR TIME SPENT LOBBYING MEMBERS OF THE NC GENERAL ASSEMBLY RELATED TO LEGISLATION AFFECTING GOLDEN LEAF FUNDING AND EDUCATING LEGISLATORS AND THEIR STAFF ON THE MISSION OF THE FOUNDATION AND ITS WORK. AG REALTY FND VII(TE),VIII, X 12880262 F AURORA VENTURES IV & V 564775 F BAIN CAPITAL REAL ESTATE II-B 5577505 F BEACON CPTL STRTEGIC PTRS VI 37557 F BRIGHTSTAR CAPITAL PARTNERS II 11707841 F CANTILLON GLOBAL EQUITY FUND 81984374 F CARLYLE VENTURE PARTNERS II,LP 21296 F CARNELIAN ENERGY CAPITAL IV,LP 131002 F CAROUSEL CAPITAL PTRS IV,V& VI 16039936 F COLONY INVESTORS VIII, L.P 3049 F DENHAM CMDTY PRTNRS FUND V&VIA 3168268 F ENCAP ENERGY CAPITAL FUNDS 32168004 F FARALLON CAPITAL INSTITUTIONAL 41126468 F FPA HAWKEYE FUND, LLC 27466752 F KING STREET CAPITAL, LTD 3227111 F LEXINGTON CAPITAL PTRS V& VI-A 133132 F LONE CASCADE, L.P 49231726 F MATLIN PATTERSON GLOBAL OPP 16707 F MATRIX CAPITAL MGMT FD (OFSHR) 42738847 F NB SECONDARY OPP FUND V, L.P 1565887 F NORTH ROCK FUND, LTD. 51703590 F NUT TREE OFFSHORE FUND, LTD 45587024 F Q-BLK PRIVATE CAPITAL II, L.P 259470 F SCULPTOR OVERSEAS FUND II 1455420 F SCULPTOR REAL ESTATE FUND III 1794889 F SHEPHERD INVESTMENTS INTL, LTD 546145 F SILCHESTER INTL VALUE EQUITY 64325837 F TA REALTY ASSOC. FUND X UTP 6946 F TACONIC OPP. OFFSHORE FUND,LTD 44130476 F TRILANTIC CAPITAL PARTNERS VI 11410780 F TRUEBRIDGE CAPITAL PTRS FUNDS 37736164 F VARDE CREDIT PARTNERS 28912200 F VARDE FUND IX, X, XI, XII&XIII 22040647 F WARBURG PINCUS X 314070 F WELLINGTON ARCHIPELAGO 23505390 F WELLINGTON BAY POND 80528 F WELLINGTON CTF EMERGING MKTS 42677076 F WHI REAL ESTATE PARTNERS V 7261101 F THOMAS H LEE EQUITY FUND VI 5786 F 713544038 -115947928 -240742095 -240742095 124794167 2887959 2887959 127682126 124524904 124524904 2887959 5634203 8522162 133047066 FORM 990, SCHEDULE D, PART XII, LINE 4B: CANCELLED GRANTS $5,634,203 Central America and the Caribbean 0 0 Investments 195465575 Europe (Including Iceland and Greenland) 0 0 Investments 81984374 North America 0 0 Investments 23879962 0 0 0 0 301329911 301329911 true false false true true false true Aces for Autism PO Box 3986 Greenville NC 27836 471634440 501(c)(3) 500000 SEE PART IV Alexander County Economic Dev Corp 621 Liledoun Road Taylorsville NC 28681 204238865 501(c)(3) 632412 SEE PART IV Asheville-Buncombe Comm Christian Ministry Inc 20 20th street Asheville NC 28806 560945001 501(c)(3) 296794 SEE PART IV Blue Ridge Community College 180 West Campus Dr Flat Rock NC 28731 560941830 ED TAX EXEMPT 1000000 SEE PART IV Brunswick Community College PO Box 30 Supply NC 28462 561255943 ED TAX EXEMPT 200000 SEE PART IV Center for Creative Leadership One Leadership Place Greensboro NC 27410 237079591 501(c)(3) 428976 SEE PART IV Center for Science Tech & Leadership Dev Inc PO Box 165 Bethel NC 27812 452813878 501(c)(3) 180800 SEE PART IV Central Carolina Community College 1105 Kelly Drive Sanford NC 27330 560794261 GOV'T ENTITY 498924 SEE PART IV City of Dunn PO Box 1065 Dunn NC 28335 566001214 GOV'T ENTITY 50000 SEE PART IV City of Elizabeth City 306 EColonial Ave Elizabeth City NC 27909 566000226 GOV'T ENTITY 100000 SEE PART IV City of Fayetteville Dept of Eco & Comm Dev 433 Hay Street Fayetteville NC 28301 566001226 GOV'T ENTITY 965830 SEE PART IV City of Jacksonville PO Box 128 Jacksonville NC 285410128 566000232 GOV'T ENTITY 1000000 SEE PART IV City of Laurinburg PO Box 249 Laurinburg NC 28353 566001263 GOV'T ENTITY 850000 SEE PART IV City of Lumberton PO Drawer 1388 Lumberton NC 283591388 566001274 GOV'T ENTITY 250000 SEE PART IV City of Monroe 300 West Crowell St Monroe NC 28112 566001289 GOV'T ENTITY 554070 SEE PART IV City of Mount Airy 300 South Main St Mount Airy NC 270300070 566001293 GOV'T ENTITY 39650 SEE PART IV City of Sanford PO Box 3729 Sanford NC 27330 566001328 GOV'T ENTITY 50000000 SEE PART IV City of Thomasville PO Box 368 Thomasville NC 273600368 566001352 GOV'T ENTITY 1100000 SEE PART IV College of the Albemarle 1208 North Rd St Elizabeth City NC 27909 566024012 GOV'T ENTITY 132500 SEE PART IV County of Burke 200 Avery Ave Morganton NC 28655 566000280 GOV'T ENTITY 659850 SEE PART IV County of Cumberland 414 Ray Ave Fayetteville NC 28301 566000291 GOV'T ENTITY 937600 SEE PART IV County of Halifax PO Box 38 Halifax NC 27839 566001836 GOV'T ENTITY 18500 SEE PART IV County of McDowell 60 E Court Street Marion NC 28752 566000318 GOV'T ENTITY 952000 SEE PART IV County of Montgomery 102 East Spring Street Troy NC 273710425 566000321 GOV'T ENTITY 15000 SEE PART IV County of Nash 120 W Washington St Nashville NC 27856 566000323 GOV'T ENTITY 50000 SEE PART IV County of Pender 805 S Walker St Burgaw NC 28425 566000329 GOV'T ENTITY 500000 SEE PART IV County of Person 304 S Morgan St Roxboro NC 27573 566000331 GOV'T ENTITY 973750 SEE PART IV County of Robeson 701 N Elm St Lumberton NC 28358 566000335 GOV'T ENTITY 35500 SEE PART IV County of Rockingham PO Box 66 Wentworth NC 27375 566001527 GOV'T ENTITY 992000 SEE PART IV County of Stanly 201 S Second St Albemarle NC 28001 566001537 GOV'T ENTITY 200000 SEE PART IV County of Stokes PO Box 20 Danbury NC 27016 566000340 GOV'T ENTITY 15000 SEE PART IV County of Transylvania 101 S Broad St Brevard NC 28712 566000343 GOV'T ENTITY 1500000 SEE PART IV East Yancey Water and Sewer District 110 Town Square Burnsville NC 28714 566000453 GOV'T ENTITY 1000000 SEE PART IV Elon University 2615 Campus Box Elon NC 27244 560532303 501(c)(3) 100000 SEE PART IV Fndn for Duplin County Ind & Biz Dev PO Box 929 Kenansville NC 28349 320286258 501(c)(3) 441000 SEE PART IV Goshen Medical Center Inc 412 S W Center St Faison NC 28341 561209062 501(c)(3) 200000 SEE PART IV Graham County Schools 52 Moose Branch Rd Robbinsville NC 28771 566001037 GOV'T ENTITY 511500 SEE PART IV Greater Shekinah Glory Full Gospel Ministries 818 820 New Br St Jacksonville NC 28540 561912378 501(c)(3) 20521 SEE PART IV Haywood Community College 185 Freedlander Dr Clyde NC 28721 560894341 ED TAX EXEMPT 1783761 SEE PART IV Hights Inc PO 865 Cullowhee NC 28723 261566023 501(c)(3) 703176 SEE PART IV Kelly OCG 999 W Big Beaver Rd Troy MI 48084 381510762 240000 SEE PART IV Macon County (Macon County EDC) 5 West Main St Franklin NC 28734 566000930 GOV'T ENTITY 15000 SEE PART IV Madison County 258 Carolina Lane Marshall NC 28753 566000316 GOV'T ENTITY 450000 SEE PART IV Madison County Cooperative Extension 258 Carolina Lane Marshall NC 28753 271190235 GOV'T ENTITY 304000 SEE PART IV Madison County Public Schools 5738 US Hwy 25-70 Marshall NC 28753 566001070 ED TAX EXEMPT 487500 SEE PART IV Martin County Eco Dev Corporation 415 East Blvd Williamston NC 27892 562042675 501(c)(3) 29500 SEE PART IV McDowell Eco Dev Assoc Inc (MEDA) PO Box 1289 Marion NC 285721289 561346748 501(c)(3) 95000 SEE PART IV Moore County Partners in Progress PO Box 5885 Pinehurst NC 28374 522374383 501(c)(3) 15000 SEE PART IV North Carolina Agricultural Foundation Inc Campus Box 7645 Raleigh NC 276957645 566049304 501(c)(3) 538541 SEE PART IV North Carolina Community College System 5016 Mail Svc Ctr Raleigh NC 276995016 561288079 GOV'T ENTITY 1750000 SEE PART IV North Carolina Department of Transportation 1 S Wilmington St Raleigh NC 27601 566000967 GOV'T ENTITY 40000000 SEE PART IV NC State Education Assistance Authority PO Box 41349 Raleigh NC 27604 566172047 GOV'T ENTITY 3018555 SEE PART IV Nussbaum Center for Entrepreneurship 1451 S Elm Eugene St Greensboro NC 27406 561577495 501(c)(3) 200000 SEE PART IV Pembroke Rescue Squad Inc PO Box 385 Pembroke NC 28372 561362515 501(c)(3) 98000 SEE PART IV Rural Economic Development Center Inc 4021 Carya Dr Raleigh NC 27610 561552375 501(c)(3) 218504 SEE PART IV Rutherford County Eco Dev Corporation 142 E Main Street Forest City NC 28139 815460810 501(c)(3) 998513 SEE PART IV Second Harvest Food Bank of NW NC Inc 3655 Reed Street WinstonSalem NC 27107 581457912 501(c)(3) 135000 SEE PART IV Southwestern Community College 447 College Drive Sylva NC 28779 560894556 GOV'T ENTITY 777337 SEE PART IV St Gerard House 620 Oakland St Hendersonville NC 28791 450948760 501(c)(3) 500000 SEE PART IV The University of NC at Chapel Hill 104 Airport Dr Chapel Hill NC 27599 566001393 501(c)(3) 197132 SEE PART IV Town of Ahoskie 201 West Main St Ahoskie NC 279100767 566001162 GOV'T ENTITY 125000 SEE PART IV Town of Cove City PO Box 8 Cove City NC 28523 561125411 GOV'T ENTITY 21847 SEE PART IV Town of Edenton PO Box 300 Edenton NC 27932 566001216 GOV'T ENTITY 249300 SEE PART IV Town of Elizabethtown PO Box 716 Elizabethtown NC 28337 566001217 GOV'T ENTITY 496896 SEE PART IV Town of Lake Waccamaw PO Box 145 Lake Waccamaw NC 28450 560773905 GOV'T ENTITY 70000 SEE PART IV Town of Lillington PO Box 296 Lillington NC 27546 566001268 GOV'T ENTITY 225250 SEE PART IV Town of Louisburg 110 W Nash Street Louisburg NC 27549 566001272 GOV'T ENTITY 252720 SEE PART IV Town of Middlesex PO Box 69 Middlesex NC 27557 566001287 GOV'T ENTITY 500000 SEE PART IV Town of Murphy 5 Wofford St Murphy NC 28906 566001299 GOV'T ENTITY 500000 SEE PART IV Town of Nashville PO Box 987 Nashville NC 27856 566001300 GOV'T ENTITY 188513 See Part IV Town of North Topsail Beach 1000 Hwy 210 Sneads Ferry NC 28460 561692876 GOV'T ENTITY 187678 See Part IV Town of River Bend 45 Shoreline Drive River Bend NC 28562 561291141 GOV'T ENTITY 250000 See Part IV Town of Surf City 201 Community Center Dr Surf City NC 28445 560768870 GOV'T ENTITY 250000 See Part IV Town of Tabor City PO Drawer 655 Tabor City NC 28463 566001349 GOV'T ENTITY 375000 See Part IV Town of Wallace 316 East Murray Street Wallace NC 28466 566001361 GOV'T ENTITY 250000 See Part IV Tri-County Community College 21 Campus Circle Murphy NC 28906 560896010 GOV'T ENTITY 1000000 See Part IV Wayne Community College PO Box 8002 Goldsboro NC 275338002 560792849 ED TAX EXEMPT 500000 See Part IV Westbridge Vocational Inc 140 Little Savannah Road Sylva NC 28779 561208982 501(c)(3) 628000 SEE PART IV Wilkes Economic Dev Corporation 213 Ninth Street North Wilkesboro NC 28659 561957642 501(c)(3) 15000 SEE PART IV Wilson County Schools PO Box 2048 Wilson NC 278942048 566001134 GOV'T ENTITY 143440 SEE PART IV 79 1 GRANTS MONITORING - FORM 990, SCHEDULE I, LINE 2: APPLICANTS THAT RECEIVE AWARDS FROM THE BOARD ARE REQUIRED TO SIGN A GRANTEE ACKNOWLEDGEMENT & AGREEMENT, WHICH STATES GUIDELINES AND CONDITIONS FOR A GRANT. GRANTEES MUST ALSO ATTEND A GRANTS MANAGEMENT TRAINING SESSION, UNLESS WAIVED BY THE SENIOR VICE PRESIDENT OR PRESIDENT OF THE FOUNDATION FOR GOOD CAUSE. GOOD CAUSE INCLUDES, FOR EXAMPLE, THE GRANTEE HAS PREVIOUSLY SUCCESSFULLY MANAGED A GRANT FROM THE FOUNDATION. THE GRANTEE ACKNOWLEDGEMENT & AGREEMENT MAY CONTAIN CONDITIONS THAT MUST BE SATISFIED BEFORE FUNDS WILL BE RELEASED. THESE CONDITIONS, ALONG WITH REQUIREMENTS FOR INTERIM AND FINAL REPORTS, ARE ENTERED IN A DATABASE. ONCE THE FOUNDATION RECEIVES THE SIGNED GRANTEE ACKNOWLEDGEMENT & AGREEMENT, EVIDENCE THAT PRECONDITIONS HAVE BEEN MET, AND A WRITTEN REQUEST FOR PAYMENT, THE APPLICANT IS ELIGIBLE TO RECEIVE AN INITIAL DISBURSEMENT. GRANTEES MAY RECEIVE ADVANCES IN INCREMENTS OF UP TO 20% OF THE GRANT AWARD OR REIMBURSEMENTS OF UP TO 80% OF THE GRANT AWARD OR A COMBINATION OF ADVANCES AND REIMBURSEMENTS WITHIN THOSE RESPECTIVE LIMITS. A SUM EQUAL TO 20% OF THE TOTAL AMOUNT OF THE GRANT IS RETAINED BY THE FOUNDATION UNTIL COMPLETION OF THE GRANTEE'S OBLIGATIONS UNDER THE GRANT, INCLUDING THE SUBMISSION TO THE FOUNDATION OF A FINAL REPORT ON THE FUNDED PROJECT AND SATISFACTION OF ANY REMAINING CONDITIONS TO RELEASE OF FUNDS. THE PRESIDENT OF THE FOUNDATION HAS THE AUTHORITY TO MODIFY THIS RELEASE SCHEDULE. GRANTEES MAY USE FUNDS ONLY FOR ITEMS IDENTIFIED IN THE PROJECT'S APPROVED BUDGET. SHOULD THE GRANTEE SEEK TO SPEND FUNDS ON A ITEM NOT INCLUDED IN THE BUDGET OR IN AN AMOUNT IN EXCESS OF THE APPROVED BUDGET AMOUNT, THE GRANTEE MUST RECEIVE APPROVAL OF A BUDGET MODIFICATION. IN NO EVENT MAY A GRANTEE SPEND GOLDEN LEAF FUNDS IN EXCESS OF THE AMOUNT AWARDED BY THE GOLDEN LEAF BOARD. GRANTEES MUST SUBMIT INTERIM REPORTS IN SIX MONTH INCREMENTS BEGINNING SIX MONTHS AFTER THE AWARD DATE AND A FINAL REPORT WITHIN 60 DAYS AFTER COMPLETION OF THE PROJECT, THOUGH THIS SCHEDULE MAY BE ADJUSTED IF APPROPRIATE FOR A PROJECT. IN SOME CASES, GRANTEES ARE ALSO REQUIRED TO SUBMIT REPORTS AFTER THE CONCLUSION OF THE PROJECT TO DOCUMENT ONGOING ACTIVITIES AND OUTCOMES. THE REPORTS INCLUDE INFORMATION REGARDING THE WORK ACCOMPLISHED COMPARED TO AN APPROVED LIST OF ACTIVITIES, REPORTED OUTCOMES OF THE PROJECT COMPARED TO APPROVED PROJECTED OUTCOMES, AND EXPENDITURE REPORTS. USING A SAMPLING PROCESS, THE FOUNDATION VERIFIES REPORTED ACTIVITIES, OUTCOMES, AND EXPENDITURES BY REVIEWING SUPPORTING DOCUMENTATION. FOUNDATION STAFF ALSO CONDUCTS SITE VISITS FOR SOME OF THE PROJECTS. THE GRANT MONITORING PROCESS IS RISK ADJUSTED, WITH SOME GRANTEES, SUCH AS THOSE WITH LESS GRANTS MANAGEMENT EXPERIENCE AND CAPACITY, RECEIVING MORE INTENSIVE MONITORING. Schedule I, Part II, Column h, Purpose of grant or assistance: 1 INCREASING SUSTAINABLE ASD HEALTH CARE JOBS IN ENC 2 ALEXANDER EDC RAIL SHELL SITE 3 STEPS TO SUCCESS-CLOSING THE UNEMPLOYMENT GAP IN BUNCOMBE COUNTY 4 AG FORCE FORWARD 5 SUPPLY CHAIN AND LOGISTICS EMPLOYMENT (SCALE) TRAINING INITIATIVE 6 GOLDEN LEAF SCHOLARS LEADERSHIP PROGRAM 2022-2023 7 B.E.S.T. : BETHEL EMPLOYMENT SKILLS TRAINING 8 TRANSPORTATION REGIONAL CAREER KICKSTART (TRUCK) 9 CITY OF DUNN ASSESSMENT OF INFLOW AND INFILTRATION 10 DAWSON-HUNTER STORMWATER IMPROVEMENT STUDY 11 FAYETTEVILLE REGIONAL AIRPORT SEWER IMPROVEMENT 12 FRONTIER 13 PROJECT GRANITE & CITY OF LAURINBURG NORTH FIRE STATION 14 FLOOD MITIGATION FOR THE LINKHAW ROAD AREA 15 PROJECT MILLWORK 16 WESTWOOD INDUSTRIAL PARK DUE DILIGENCE 17 CITY OF SANFORD-PROJECT BLUE ECONOMIC CATALYST PROJECT 18 PROJECT M 19 LICENSED TO DRIVE: TRUCK DRIVER TRAINING PROGRAM 20 BURKE BUSINESS PARK WATER-SEWER EXTENSIONS 21 SAND HILL ROAD SITE 22 ENFIELD INDUSTRIAL SITE READINESS PROJECT 23 UNIVERSAL TECHNOLOGY PARK 24 MONTGOMERY COUNTY IDENTIFICATION 25 MIDDLESEX CORPORATE CENTRE DUE DILIGENCE 26 REDEVELOPMENT OF FORMER BASF BROWNSFIELD SITE 27 PERSON COUNTY NORTH PARK SITE 28 COMTECH REINVESTMENT 29 DEVELOPMENT SITE GRANT FOR LOT 11 REIDSVILLE INDUSTRIAL PARK 30 RIVERSTONE INDUSTRIAL PARK ACCESS ROAD 31 STOKES COUNTY SITE IDENTIFICATION SEARCH 32 SYLVAN VALLEY INDUSTRIAL CENTER-PHASE 2 EXPANSION 33 LITTLE LEAF FARMS SITE DEVELOPMENT 34 ADVANCING HEALTH SCIENCES EDUCATION THROUGH NURSING AND INTERPROFESSIONAL SIMULATION 35 DUPLIN COUNTY AIRPARK & DUPLIN COUNTY AIRPARK DEVELOPMENT 36 NEW BERN CONSTRUCTION 37 INDUSTRY WORKFORCE INCUBATOR 38 SHEKINAH RESTORE 39 THE WORKFORCE & INDUSTRY TRAINING CENTER AT HAYWOOD COMMUNITY COLLEGE & SIMULATION LAB EQUIPMENT FOR NEW HEALTH EDUCATION BUILDING 40 HIGHTS WORKFORCE PREPAREDNESS PROJECT 41 DIRECT SOURCING 42 MACON COUNTY SITE ID 43 SPRING CREEK OFFICE FOR RURAL ECONOMIC DEVELOPMENT! (SCORED) 44 UPGRADE AND EXPANSION OF MADISON COUNTY EXTENSION VALUE ADDED CENTER AND KITCHEN 45 EXPANDING CAREER TRAINING IN CONSTRUCTION TRADES FOR MADISON HIGH SCHOOL STUDENTS 46 NC RAIL & COMMERCE PARK - DUE DILIGENCE 47 PROJECT SPLICE 48 TOWN OF ROBBINS SITE IDENTIFICATION 49 PLANT SCIENCES INITIATIVE - PHASE 3 50 GOLDEN LEAF COMMUNITY COLLEGES SCHOLARSHIP: 2022-2023 51 PROJECT DARWIN - HE-0004 52 GOLDEN LEAF 4-YEAR SCHOLARSHIP PROGRAM - FY2022-23 ACADEMIC YEAR 53 THE STEELHOUSE CENTER FOR URBAN MANUFACTURING AND INNOVATION DRY SPRINKLER SYSTEM 54 PEMBROKE RESCUE SQUAD SUPPORT 55 GOLDEN LEAF SCHOLARS INTERNSHIP INITIATIVE & SUPPORT FOR CBGI - SOUTHEAST PROSPERITY ZONE 56 RIVERSTONE BUSINESS PARK 57 HUNGER FOR CHANGE CAMPAIGN 58 SOUTHWESTERN COMMUNITY COLLEGE TRAINING CENTER FOR WORK-READY HEALTHCARE PROFESSIONALS 59 JOB CREATION INITIATIVE FOR EXPANDED AUTISM SERVICES IN WESTERN NORTH CAROLINA PROSPERITY ZONE 60 ANCHOR INSTITUTIONS CREATE ECONOMIC RESILIENCE (AICER) 61 ELEVATED WATER TANK FOR PROJECT PELLETS 62 2020 GOLDEN LEAF DRAINAGE IMPROVEMENTS 63 EDENTON OLD HERTFORD HAZARD MITIGATION PROJECT 2022 64 INFRASTRUCTURE FOR JOB CREATION AT ELIZABETHTOWN INDUSTRIAL PARK & ELIZABETHTOWN STORMWATER MASTER PLAN AND ASSESSMENT, PHASE 1 65 LAKE WACCAMAW LIFT STATION MITIGATION 66 TOWN-WIDE HYDROLOGIC + HYDRAULIC (H+H) ANALYSIS 67 LOUISBURG COMMERCE PARK 68 EXPANDING INVESTMENT IN THE MIDDLESEX CORPORATE CENTRE 69 MURPHY ICE PLANT LIFT STATION PROJECT 70 NASHVILLE BUSINESS CENTER GRUBBING & CLEARING PROJECT 71 RENOVATION AND EXPANSION OF TOWN HALL 72 CHANNEL RUN PHASE II 73 SURF CITY SOUTH SHORE FLOOD MITIGATION PROJECT 74 TABOR CITY INDUSTRIAL PARK SITE DEVELOPMENT 75 FLOOD MITIGATION CURRIE/DUPLIN STREET 76 TRI-COUNTY COMMUNITY COLLEGE MEDICAL SONOGRAPHY PROGRAM 77 CENTER FOR INDUSTRIAL TECHNOLOGY & ENGINEERING (CITE) 78 MANUFACTURING EXPANSION PROJECT 79 WILKES COUNTY SITE IDENTIFICATION SEARCH 80 COLLEGE & CAREER EXPLORATION LABS-DARDEN & SPEIGHT MIDDLE SCHOOLS X X X X false false false false false false false false false Scott T Hamilton President/CEO 226601 0 15000 0 1188 0 22386 0 14540 0 279715 0 0 0 Edward P Lord SVP/General Counsel 167647 0 0 0 414 0 15962 0 21738 0 205761 0 0 0 APPROVAL OF GOVERNING BODY DECISIONS - 990, PART VI, LINE 6, 7A, 7B: THE FOUNDATION IS GOVERNED BY A BOARD OF DIRECTORS COMPRISED OF FIFTEEN DIRECTORS. FIVE DIRECTORS ARE APPOINTED BY THE GOVERNOR OF THE STATE OF NORTH CAROLINA. FIVE DIRECTORS ARE APPOINTED BY THE PRESIDENT PRO TEMPORE OF THE NORTH CAROLINA SENATE. FIVE DIRECTORS ARE APPOINTED BY THE SPEAKER OF THE NORTH CAROLINA HOUSE OF REPRESENTATIVES. DISPOSAL OF ASSETS - FORM 990, PART VI, LINE 7B: THE FOUNDATION MAY NOT DISPOSE OF ASSETS PURSUANT TO THE PROVISIONS OF SECTION 55A-12-02 OF THE NORTH CAROLINA GENERAL STATUTES WITHOUT THE APPROVAL OF THE NORTH CAROLINA GENERAL ASSEMBLY. THE FOUNDATION MAY NOT AMEND ITS ARTICLES OF INCORPORATION WITHOUT THE APPROVAL OF THE NORTH CAROLINA GENERAL ASSEMBLY. FORM 990 REVIEW PROCESS - FORM 990, PART VI, LINE 11B: A COPY OF FORM 990 WAS PROVIDED TO EACH MEMBER OF THE FOUNDATION'S BOARD OF DIRECTORS. THE AUDIT COMMITTEE OF THE BOARD REVIEWED THE FORM 990 AND, PRIOR TO ITS FILING, RECOMMENDED APPROVAL TO THE FULL BOARD. CONFLICTS OF INTEREST - FORM 990, PART VI, LINE 12C: THE FOUNDATION'S BOARD OF DIRECTORS AND COMMITTEES MEET APPROXIMATELY SIX TIMES PER YEAR. AT EACH SUCH MEETING, OR GROUP OF MEETINGS, DIRECTORS ARE ASKED TO CONFIRM THEIR DISCLOSURE OR MAKE ANY NEW DISCLOSURES. WHEN A DIRECTOR DISCLOSES AN INTEREST IN A PROPOSED TRANSACTION, THE DIRECTOR DOES NOT PARTICIPATE IN THE DISCUSSION CONCERNING, OR THE VOTE UPON, THE PROPOSED TRANSACTION. DETERMINING COMPENSATION - FORM 990, PART VI, LINE 15: THE PERSONNEL COMMITTEE OF THE BOARD OF DIRECTORS REVIEWED SALARY AND BENEFIT INFORMATION FOR POSITIONS COMPARABLE TO THE PRESIDENT AT OTHER NORTH CAROLINA FOUNDATIONS AND ENDOWMENTS AND REVIEWED THE RESULTS OF A SALARY STUDY OF NONPROFIT SALARIES PRIOR TO MAKING A RECOMMENDATION TO THE BOARD REGARDING THE PRESIDENT'S SALARY AND BENEFITS. THE BOARD APPROVED THE SALARY AND BENEFITS OF THE PRESIDENT. AVAILABILITY OF OTHER DOCUMENTS - FORM 990, PART VI, LINE 19: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE MADE AVAILABLE ON THE ORGANIZATION'S WEBSITE AND UPON REQUEST. CHANGES IN NET ASSETS - FORM 990, PART XI, LINE 9: CANCELLED GRANTS $5,634,203 OVERSIGHT/SELECTION PROCESS - FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. REQUIRED AUDIT - FORM 990, PART XII, LINE 3B: THE FOUNDATION'S SINGLE AUDIT IS DUE BY MARCH 31, 2023 AND WILL BE COMPLETED BY THE DUE DATE.