2017-11-06T08:10:34-06:00 2017-06-30 BDO USA LLP 8401 GREENSBORO DRIVE 800 MCLEAN VA 22102 990 2016-07-01 522204473 The Golden LEAF Inc % BETH EDMONDSON GOLD 2524427474 301 N Winstead Avenue Rocky Mount NC 27804 DANIEL J GERLACH PRESIDENT 2017-11-03 true Marc Berger P01871563 7038930600 2017-11-03 71.163.152.253 54621820173105000003 2017-11-06 P 94054B4C95E57A49C25252CF0B3A8131BF8CC5E6 02B1B18EFD7ADBEA54A08273E5AF702D2A184C9E 2016 2017-02-10 21:41:12Z Daniel J Gerlach 301 N Winstead Ave Rocky Mount NC 27804 363465797 false X www.goldenleaf.org X 1999 NC SEE PART III, LINE 1 15 15 17 0 223927 11212167 35389953 0 0 20066009 51852546 3332 4488 31281508 87246987 34160735 133579949 0 0 1943299 1977899 0 0 0 3000645 3332588 39104679 138890436 -7823171 -51643449 916425827 1038999385 67996660 171651037 848429167 867348348 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 135028617 133579949 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. 135028617 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 23 0 true 17 true true true true EI 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 BETH EDMONDSON 2524427474 301 N WINSTEAD AVE rocky mount NC 27804 X BO BIGGS DIRECTOR 3.0 0.0 X 1248 0 0 BRITT COBB DIRECTOR 3.0 0.0 X 1248 0 0 LAWRENCE DAVENPORT DIRECTOR 3.0 0.0 X 1040 0 0 BARRY DODSON DIRECTOR-BOARD CHAIR 15.0 0.0 X X 0 0 0 DON FLOW DIRECTOR-TREASURER 3.0 0.0 X X 0 0 0 JIM GARDNER DIRECTOR 3.0 0.0 X 0 0 0 BILLY RAY HALL DIRECTOR 3.0 0.0 X 936 0 0 TOMMY HESTER DIRECTOR-SECRETARY 3.0 0.0 X X 832 0 0 RANDY ISENHOWER DIRECTOR-VICE CHAIR 3.0 0.0 X X 832 0 0 CAROLYN JUSTICE DIRECTOR 3.0 0.0 X 1040 0 0 JOHNATHAN RHYNE DIRECTOR 3.0 0.0 X 0 0 0 LEE ROBERTS DIRECTOR 3.0 0.0 X 0 0 0 DAVID ROSE DIRECTOR 3.0 0.0 X 1144 0 0 RUTH SAMUELSON DIRECTOR 3.0 0.0 X 624 0 0 THOMAS STITH DIRECTOR 3.0 0.0 X 0 0 0 DAVID STOVER DIRECTOR-ASSISTANT SECRETARY 3.0 0.0 X X 1040 0 0 RALPH STRAYHORN DIRECTOR 3.0 0.0 X 1040 0 0 JEROME VICK DIRECTOR 3.0 0.0 X 832 0 0 DAN GERLACH PRESIDENT 40.0 0.0 X 195065 0 40889 MARK SORRELLS SENIOR VICE PRESIDENT 40.0 0.0 X 182851 0 35604 EDWARD LORD VP PROGRAMS/STAFF ATTY 40.0 0.0 X 126402 0 33643 BETH EDMONDSON CONTROLLER 30.0 0.0 X 100772 0 26415 PETER CERA PARTIAL YEAR VP INVESTMENTS 40.0 0.0 X 58456 0 7080 675402 0 143631 4 false true false SILCHESTER INTERNATIONAL INVESTORS 780 THIRD AVENUE 42ND FLOOR NEW YORK NY 10017 Investment Mngmt 483622 DRZ 250 PARK AVENUE SOUTH SUITE 250 WINTER PARK FL 32789 Investment Mngmt 349252 Prime Buchholz Associates Inc 25 Chestnut Street PORTSMOUTH NH 03801 Invest. consulting 319022 WELLINGTON MANAGEMENT 280 CONGRESS STREET BOSTON MA 02110 Investment Mngmt 204768 RICE HALL JAMES ASSOCIATES LLC 600 WEST BROADWAY SUITE 1000 SAN DIEGO CA 92101 INVESTMENT MNGMT 202727 8 35000000 389953 35389953 0 9324377 223927 9100450 0 0 0 0 0 318746979 276218810 42528169 42528169 42528169 0 0 0 0 0 0 0 0 0 OTHER INCOME 900099 4488 4488 4488 87246987 223927 51633107 133579949 133579949 0 0 0 789478 490253 299225 0 0 800794 653972 146822 80101 65591 14510 208651 126256 82395 98875 73252 25623 0 125315 125315 64460 64460 0 0 2633573 2633573 30750 30750 14576 14576 37345 37345 71651 71651 0 125647 125647 40723 39344 1379 0 0 0 0 0 19470 19470 UNRELATED BUS. INCOME TAX 69551 69551 BOARD OF DIRECTORS EXPENSES 49533 49533 CAPITAL OUTLAYS 37685 37685 DUES AND MEMBERSHIPS 9413 9413 2896 2896 138890436 135028617 3861819 0 869099 1286773 0 0 0 0 130 94418 0 0 0 0 174211 228640 0 0 99548 108114 0 0 272293598 321612265 642989241 715669175 0 0 0 0 0 0 916425827 1038999385 159307 176980 67837353 171474057 0 0 0 0 0 0 0 0 0 0 0 0 0 0 67996660 171651037 X 0 0 0 0 848429167 867348348 848429167 867348348 916425827 1038999385 X -51643449 67460693 3101937 X X false true X true false X 105581136 0 513851 11212167 35389953 152697107 0 0 105581136 0 513851 11212167 35389953 152697107 0 152697107 11250562 9504307 8759107 8177230 9100450 46791656 0 5202 4498 9280 3332 4488 26800 199515563 0.76534 0.80116 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 3500 false false 3500 false Lobbying Activity - Form 990, Schedule C, Part II-B, LIne 1G These expenses represent salary and benefit costs for our president's 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. ACADIAN GLOBAL MANAGED 50960466 F AG REALTY FND VII(TE)&FND VIII 6779920 F ARC IMPACT FUND 10231690 F AURORA VENTURES IV & V 5832331 F BEACON CPTL STRTEGIC PTRS V&VI 1485957 F SWIFTCURRENT OFFSHORE, LTD. 24328435 F CANTILLON GLOBAL VALUE FUND 50557938 F CARLYLE VENTURE PARTNERS II,LP 1903910 F CAROUSEL CAPITAL PTRS III&IV 7893250 F CBRE CLARION GLOBAL REAL 42222823 F COLONY INVESTORS VIII, L.P 581000 F DENHAM COMMODITY PTRS FND V&VI 4328572 F ENCAP ENERGY CPTL FND/FLATROCK 15848722 F FARALLON CAPITAL INSTITUTIONAL 28224137 F FPA HAWKEYE FUND, LLC 29102074 F HARVEST MLP INCOME FUND II LLC 21348867 F HIGHLINE CAPITAL INTL, LTD 27938024 F KING STREET CAPITAL, LTD 23324667 F LEXINGTON CAPITAL PTRS V & LCP 2637874 F LONE CASCADE, L.P 29472226 F MATLIN PATTERSON GLOBAL OPP 4167134 F MATRIX CAPITAL MGMT FD (OFSHR) 19644132 F OCH-ZIFF REAL ESTATE FUND III 3516217 F OZ OVERSEAS FUND II, LTD 25549878 F Q-BLK PRIVATE CAPITAL II, L.P 4603766 F SHEPHERD INVESTMENTS INTL, LTD 698433 F SHERIDAN PRODUCTION PTRS I-B 8819000 F SILCHESTER INTL VALUE EQUITY 75371429 F SILVERPOINT CPTL OFFSHORE FUND 477581 F SYNERGY LIFE SCIENCE PTRS, L.P 2204401 F REALTY ASSOC. FND VIII,IX & X 12338031 F TACONIC OPP. OFFSHORE FUND,LTD 19785835 F THOMAS H LEE EQUITY FUND VI,LP 3912914 F VARDE CREDIT PARTNERS 23151838 F VARDE FUND IX, X & XI 25467067 F WARBURG PINCUS X 8030735 F WELLINGTON ARCHIPELAGO 30266636 F WELLINGTON BAY POND 26592662 F WELLINGTON CTF EMERGING MARKET 36068603 F 715669175 152074107 67460693 67460693 84613414 2633573 2633573 87246987 133154926 133154926 2633573 3101937 5735510 138890436 FORM 990, SCHEDULE D, PART XII, LINE 4B CANCELLED GRANTS $3,101,937 Central America and the Caribbean Investments 196161143 Europe (Including Iceland and Greenland) Investments 50557938 North America Investments 56859298 303578379 303578379 true false false true false false true ABC of NC Foundation 905 Friedberg Rd WinstonSalem NC 27127 911963813 501(c)(3) 100000 See Part IV Alamance-Burlington Schools 1712 Vaughn Road Burlington NC 27217 561957903 Gov't Entity 1500000 See Part IV Anson County Schools 320 Camden Road Wadesboro NC 28170 566000987 Gov't Entity 950000 See Part IV Beaufort County Comm College PO Box 1069 5337 Hwy 264 E Wash NC 27889 560894923 Education 120000 See Part IV County of Bertie Post Office Box 530 Windsor NC 27983 566000276 Gov't Entity 72707 See Part IV County of Bertie Post Office Box 530 Windsor NC 27983 566000276 Gov't Entity 500000 See Part IV Burke County Public Schools 509 West Concord Street Morganton NC 28655 560935935 Gov't Entity 200000 See Part IV Carolina Small Bus Dev Fund 3128 Highwoods Blvd S 170 Raleigh NC 27604 581903219 501(c)(3) 1000000 See Part IV Carolina Small Bus Dev Fund 3128 Highwoods Blvd S 170 Raleigh NC 27604 581903219 501(c)(3) 2000000 See Part IV Carolinas Gateway Partnership 427 Falls Road Rocky Mount NC 27804 561931327 501(c)(3) 7000000 See Part IV Carteret Comm Coll Fdn Inc 3505 Arendell St Morehead City NC 28557 516089453 501(c)(3) 200000 See Part IV Caswell County Government 144 Ct Sq PO Box 98 Yanceyville NC 27379 566000283 Gov't Entity 700200 See Part IV Caswell County Schools PO Box 160 Yanceyville NC 27379 566001002 Education 346207 See Part IV Ctr for Creative Leadership PO Box 26300 Greensboro NC 274386300 237079591 Gov't Entity 1700000 See Part IV City of Fayetteville 467 Hay Street Fayetteville NC 28301 566001226 Gov't Entity 873872 See Part IV City of Fayetteville 467 Hay Street Fayetteville NC 28301 566001226 Gov't Entity 993000 See Part IV City of Fayetteville 467 Hay Street Fayetteville NC 28301 566001226 Gov't Entity 920491 See Part IV City of Fayetteville 467 Hay Street Fayetteville NC 28301 566001226 Gov't Entity 300000 See Part IV City of Greensboro 300 W Washington St Greensboro NC 27401 566000230 Gov't Entity 7000000 See Part IV City of Havelock PO Box 3681 Havelock NC 28532 566023932 Gov't Entity 476000 See Part IV City of Kinston PO Drawer 339 Kinston NC 285020339 566001259 Gov't Entity 599720 See Part IV City of Lumberton PO Box 1388 Lumberton NC 28359 566001274 Gov't Entity 2020522 See Part IV City of Lumberton PO Box 1388 Lumberton NC 28359 566001274 Gov't Entity 3000000 See Part IV City of Mount Airy PO Box 70 Mount Airy NC 270300070 566001293 Gov't Entity 722500 See Part IV City of Reidsville 1100 Vance Street Reidsville NC 27320 566001316 Gov't Entity 500000 See Part IV City of Sanford PO Box 3729 Sanford NC 27330 566001328 Gov't Entity 4000000 See Part IV City of Shelby Post Office Box 207 Shelby NC 281510207 566001333 Gov't Entity 3000000 See Part IV City of Shelby Post Office Box 207 Shelby NC 281510207 566001333 Gov't Entity 1500000 See Part IV City of Whiteville PO Box 607 Whiteville NC 28472 566001372 Gov't Entity 150000 See Part IV Cleveland Community College 137 South Post Road Shelby NC 28152 560848556 Gov't Entity 1500000 See Part IV County of Bladen 122 Powell M Ctr Elizabethtown NC 28337 566000277 Gov't Entity 800000 See Part IV County of Randolph 725 McDowell Road Asheboro NC 27205 566001526 Gov't Entity 200000 See Part IV Craven County Government 406 Craven Street New Bern NC 28562 566000290 Gov't Entity 618670 See Part IV Davidson County PO Box 1067 Lexington NC 272931067 566000294 Gov't Entity 1000000 See Part IV Davidson County Comm College PO Box 1287 Lexington NC 272931287 560792247 Gov't Entity 500000 See Part IV Davidson County Comm College PO Box 1287 Lexington NC 272931287 560792247 Gov't Entity 1000000 See Part IV Davie County Schools 220 Cherry Street Mocksville NC 27028 566001019 Gov't Entity 199978 See Part IV East Carolina University East Fifth Street Greenville NC 27858 566000403 Gov't Entity 135000 See Part IV Eliz City Pasquotank Pub Schs 1200 S Halstead B Elizabeth City NC 27909 560891512 Gov't Entity 200000 See Part IV Forsyth County 201 N Chestnut St WinstonSalem NC 27101 566000450 Gov't Entity 100000 See Part IV Forsyth Tech Comm College 2100 Silas Crk P WinstonSalem NC 27103 560792614 Education 1500000 See Part IV Franklin Co Public Schools 53 West River Road Louisburg NC 27549 566001029 501(c)(3) 192756 See Part IV Gaston County Schools PO Box 1397 Gastonia NC 28053 566001032 Gov't Entity 634107 See Part IV Global Opportunities Center 111 W Lewis St Greensboro NC 27406 475120058 501(c)(3) 150000 See Part IV Goler Community Devel Corp 889 N Liberty St WinstonSalem NC 27101 562118777 501(c)(3) 477394 See Part IV Graham County Schools 52 Moose Branch Road Robbinsville NC 28771 566001037 Gov't Entity 173961 See Part IV Guilford Tech Comm College PO Box 309 Jamestown NC 27282 560792519 Gov't Entity 650000 See Part IV Halifax Reg Med Ctr Inc 250 Smith Ch Rd Roanoke Rapids NC 27870 560989789 501(c)(3) 200000 See Part IV Health Educ Fdn for ENC Inc PO Drawer 7368 Rocky Mount NC 278040368 237338802 501(c)(3) 57500 See Part IV Iredell-Statesville Schools 410 Garfield Street Statesville NC 28677 561744267 Gov't Entity 460000 See Part IV James Sprunt Comm College P O Box 398 Kenansville NC 28349 560892755 Gov't Entity 702000 See Part IV Lenoir Community College PO Box 188 Kinston NC 285020188 560753025 Gov't Entity 76000 See Part IV Lenoir County 1791 Highway 11/55 Kinston NC 28504 566000314 Gov't Entity 1406700 See Part IV Martin County 305 East Main Street Williamston NC 27892 566000317 Gov't Entity 200000 See Part IV MCNC PO Box 12889 Research Triangle Pk NC 27709 581406628 501(c)(3) 1368000 See Part IV Mooresville-South Iredell EDC 151 E Iredell Avenue Mooresville NC 28115 510599747 501(c)(3) 577808 See Part IV NC Ag Foundation Inc Campus Box 7645 Raleigh NC 276957645 566049304 501(c)(3) 45000000 See Part IV North Carolina Baptist Men PO Box 1107 Cary NC 27512 203648746 501(c)(3) 200000 See Part IV NC Community College System 5016 Mail Service Ctr Raleigh NC 27699 561288079 Gov't Entity 750000 See Part IV NC Community Dev Initiative PO Box 98148 Raleigh NC 27624 562142717 501(c)(3) 750000 See Part IV NC Fdn for Soil & Water Cons 5171 Glenwood Ave Ste 330 Raleigh NC 27612 562158494 501(c)(3) 200000 See Part IV NC Rural Econ Devel Ctr Inc 4021 Carya Drive Raleigh NC 276104021 561552375 501(c)(3) 1000000 See Part IV NC Rural Econ Devel Ctr Inc 4021 Carya Drive Raleigh NC 276104021 561552375 501(c)(3) 2250000 See Part IV NCSEAA PO Box 13663 Research Triangle Pk NC 27709 566172047 Gov't Entity 2423500 See Part IV NC State - Friday Institute campus Box 7249 Raleigh NC 27606 566000756 Education 199961 See Part IV NC State University 2701 Sullivan Dr Box 7653 Raleigh NC 27695 566000756 Education 151405 See Part IV NC State University 2701 sullivan dr Box 7514 Raleigh NC 27695 566000756 Gov't Entity 37500 See Part IV NC's Eastern EDC 415 East Boulevard Williamston NC 27892 561995352 501(c)(3) 174686 See Part IV NEAAAT PO Box 2889 Elizabeth City NC 27909 464978300 501(c)(3) 200000 See Part IV Pfeiffer University PO Box 960 Misenheimer NC 28109 560529990 501(c)(3) 500000 See Part IV Piedmont Triad Reg Devel Corp 1398 Carrollton Cr Kernersville NC 27284 561438854 501(c)(3) 1000000 See Part IV Public Sch of Robeson Co 201 East Livermore Drive Pembroke NC 28372 566001104 Gov't Entity 2761016 See Part IV Randolph Community College 629 Industrial Pk Av Asheboro NC 27205 560793680 Gov't Entity 960000 See Part IV Rowan-Cabarrus Comm College PO Box 1595 Salisbury NC 281451595 560792333 Gov't Entity 560000 See Part IV Rowan-Cabarrus Comm College PO Box 1595 Salisbury NC 281451595 560792333 Gov't Entity 403487 See Part IV Rowan-Salisbury School System 500 N Main Street Salisbury NC 28144 566001834 Gov't Entity 700000 See Part IV Stanly Community College 141 College Drive Albemarle NC 28001 560994111 Gov't Entity 325000 See Part IV Stanly County 1000 N First St Albemarle NC 28001 566001537 Gov't Entity 500000 See Part IV Surry Comm College Fdn Inc 630 South Main Street Dobson NC 27017 566094116 501(c)(3) 800000 See Part IV Surry County Schools 209 N Crutchfield st Dobson NC 27017 566001117 Gov't Entity 320046 See Part IV Town of Black Mountain 160 Midland Ave Black Mountain NC 28711 566001182 Gov't Entity 775000 See Part IV Town of Boardman PO Box 87 Evergreen NC 28438 561851203 Gov't Entity 336000 See Part IV Town of Burgaw 109 North Walker Street Burgaw NC 28425 566001188 Gov't Entity 478000 See Part IV Town of Fair Bluff PO Box 157 Fair Bluff NC 28439 566001222 Gov't Entity 522600 See Part IV Town of Fair Bluff PO Box 157 Fair Bluff NC 28439 566001222 Gov't Entity 1767000 See Part IV Town of Fremont P O Box 4 Fremont NC 27830 566001231 Gov't Entity 222250 See Part IV Town of Madison 120 North Market Street Madison NC 27025 566001276 Gov't Entity 500000 See Part IV Town of McAdenville PO Box 9 McAdenville NC 28101 560962359 Gov't Entity 858000 See Part IV Town of Pembroke PO Box 866 Pembroke NC 28372 560809922 Gov't Entity 310237 See Part IV Town of Seaboard PO Box 327 Seaboard NC 27876 566001330 Gov't Entity 200000 See Part IV Town of Siler City PO Box 769 Siler City NC 27344 566001334 Gov't Entity 4000000 See Part IV Town of Tabor City PO Drawer 655 Tabor City NC 28463 566001349 Gov't Entity 406996 See Part IV Univ of Mount Olive Inc 634 Henderson Street Mount Olive NC 28365 560623936 501(c)(3) 200000 See Part IV UNC at Pembroke PO Box 1510 Pembroke NC 28372 566000805 Education 1892900 See Part IV UNC at Pembroke PO Box 1510 Pembroke NC 283721510 581592230 501(c)(3) 55000 See Part IV Vance County Schools 1724 Graham Avenue Henderson NC 27536 566001124 Gov't Entity 200000 See Part IV County of Wayne PO Box 227 Goldsboro NC 275330227 566001520 Gov't Entity 300000 See Part IV County of Wayne PO Box 227 Goldsboro NC 275330227 566001520 Gov't Entity 178000 See Part IV County of Wayne PO Box 227 Goldsboro NC 275330227 566001520 Gov't Entity 237474 See Part IV Yadkin County PO Box 220 Yadkinville NC 27055 566000352 Gov't Entity 448800 See Part IV 85 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. ABC of NC Campus/Workforce Expansion 2. Building a STEM School to Work Pipeline in Alamance County 3. AMS STEM Initiative 4. Integrating Mechatronics in Engineering at Beaufort County Community College 5. Flooding in the Cashie River Drainage System 6. Bertie County Public Library & Cooperative Extension Planning 7. Project DETAIL 8. Carolina Small Business Disaster Relief Program 9. CSBDF Golden Leaf North Carolina Disaster Recovery Loan Program 10. Kingsboro Mega-Site Infrastructure (A CSX Select Site) 11. Culinary/Hospitality Facility: Equipment 12. Caswell County Public Library Expansion Project 13. Caswell County Schools STEM Lab 14. Golden LEAF Scholars Leadership Program 15. Hurricane Matthew Recovery - Spruce Street Storm Drainage 16. Hurricane Matthew Recovery - Multiple Creek Tree Debris Removal 17. Hurricane Matthew Recovery - Rayconda Subdivision Access Roadway 18. Hurricane Matthew Recovery - Cross Creek Tree and Debris Removal 19. Greensboro-Randolph MegaSite Sewer Extension 20. McCotter Canal Stabilization 21. Doctors Drive Extension 22. Public Facilities Building Repair Project 23. Tanglewood Stormwater Drainage Project 24. Spencer's Mill Redevelopment 25. WWTP Baffle Wall for BNR Compliance 26. Moncure MegaSite 27. Farmville Road Water System Improvements Serving Washburn Switch Business Park 28. Westside/Crest Sewer Improvement Project 29. Stormwater Plan for Downtown Municipal Service District & Emergency Generator 30. Advanced Manufacturing Center 31. Bladen County Stream Debris Removal 32. Petty's Garage LLC 33. Craven County Drainage Infrastructure Maintenance (Matthew Damage) 34. Davidson County I-85 Corporate Center 35. DCCC Health Sciences Educational Technology & Equipment 36. DCCC's Health Care Programs in Davie County 37. Innovative Spaces and Instruction in STEM and CTE 38. Retirement Migration and Economic Development: Eastern North Carolina as a Retirement Zone 39. Elizabeth City Pasquotank Early College 40. Idols Road Business Park (Phase I) 41. Forsyth Tech Stokes County Skilled Trades Building 42. T3 (Tech Teaching and Transformation) 43. Gaston County Advanced Manufacturing Career Academy 44. Triad Regional Export Initiative 45. Workforce Technology Pathway 2020 46. Technology in Rural Hands: Bridging the Gap for Graham County Students 47. Increasing Capacity for the Center for Advance Manufacturing (ICCAM) 48. Expanded Access Medical Home 49. MedServe 50. Agriculture and Science Early College 51. JSCC Truck Driving Program 52. Lenoir Community College Vital Care Vital Signs 53. Lenoir County Cooperative Extension Building - Demo and Replacement 54. Project AC - Rail Extension 55. Golden LEAF Piedmont Fiber Build 56. Mooresville Business Park East - Manufacturers Boulevard Phase 1B 57. Plant Sciences Initiative - Phase 3 58. Disaster Relief and Rebuilding after Hurricane Matthew in Eastern North Carolina 59. Golden LEAF Scholars Program-Two-Year Colleges 60. Initiative Capital Disaster Recovery Lending 61. Improving Pasture Management 62. North Carolina Small Business Emergency Bridge Loan Program 63. North Carolina Small Business Recovery Fund 64. Golden LEAF Scholars Program 2017-18 65. Phase III: Leadership Support for Digital Learning Initiatives 66. Creating Long-Term Solutions to Advance Farmer Profitability and Market Capacity for NC Pastured Meats 67. Integration of Research and Extension for Sustainable Production of Stevia in NC 68. STEM East Network Evaluation 69. Get REAL: Reinventing Education to Accelerate Learning 70. Pfeiffer University Physician Assistant Program 71. PTRC Regional Investment Fund 72. Disaster Repair and Replacement of Public Schools of Robeson County Infrastructure 73. Pathways to Prosperity - Advanced Manufacturing 74. Mechatronics Program Development and Equipment Upgrades for Welding and Machining Programs 75. Light Diesel Technology Program Development and Equipment 76. Rowan-Salisbury Schools: Regional Advanced Manufacturing Career Pathways 77. Stanly Community College - Virtualization Data Center 78. Palestine-Badin Water System Improvements 79. Advanced Manufacturing Equipment - Yadkin Center 80. Next Generation College and Career Academy of Surry 81. Project Medlaunch - Water & Wastewater Infrastructure for Biotechnology Manufacturing Jobs 82. Water Main Replacement - Lumber River Crossing 83. Pender Memorial Hospital and Osgood Canal Flooding and Stormwater Mitigation Project 84. Fair Bluff Apartments - Rough/Ready Road 85. Fair Bluff Municipal Buildings 86. Fremont Pump Station No. 1 (Hillandale Drive) Rehabilitation 87. Madison Water Treatment Plant Upgrade 88. Phase II South Fork Sewer Project 89. Onsite Pre-Treatment Waste Water Processing Plant 90. Seaboard End Stage Lagoon Rehabilitation 91. Chatham-Siler City Advanced Manufacturing (CAM) Site Water & Wastewater Service 92. Water & Sewer Improvements for new Tabor Landing Apartment Complex 93. Creating Agricultural Opportunities in Eastern North Carolina 94. Programs for the New UNCP School of Business 95. Renovation of Incubator 96. iInspire Digital Learning Project 97. EMS Station 1 Replacement - Seven Springs 98. Sewer Lift Station - Genoa 99. C.O.W.S. Clean Out Wayne County Streams 100. Infrastructure Renovation at Yadkin Hospital X true true X X X X false false false false false false false false false DAN GERLACH PRESIDENT 195065 0 0 0 0 0 19967 0 20922 0 235954 0 0 0 MARK SORRELLS SENIOR VICE PRESIDENT 182851 0 0 0 0 0 18485 0 17119 0 218455 0 0 0 EDWARD LORD VP PROGRAMS/STAFF ATTY 126402 0 0 0 0 0 13094 0 20549 0 160045 0 0 0 OTHER COMPENSATION - FORM 990, SCHEDULE J, PART I, LINE 1A Rotary Club Dues paid for president WRITTEN POLICY - FORM 990, SCHEDULE J, PART I, LINE 1B Payment of dues approved by board of directors APPROVAL OF GOVERNING BODY DECiSIONS - FORM 990, PART VI, LINE 6,7A and 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 $3,101,937 OVERSIGHT/SELECTION PROCESS - FORM 990, PART XII, LINE 2C The process has not changed from the prior year.