North Carolina Municipal Leasing Corporation
Nonprofit profile at a glance
- EIN
- 561478293
- IRS 990-EZ coverage
- 2021–2024
- Forms available
- Form 990 2020, Form 990-EZ 2024, Form 990-N 2022
- Location
- Winstonsalem, NC, USA
- Phone
- 3367476913
- Rating confidence
- Limited
- Sector
- Support N.E.C.
Reported finances
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- KELLY LATHAM (PRESIDENT/DIRECTOR)
- NORA COWEN (VICE PRESIDENT)
People named in this filing
- KELLY LATHAM (PRESIDENT/DIRECTOR)
- NORA COWEN (VICE PRESIDENT)
- RORY DAVIS (SECRETARY/ TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The corporation issues pass-through certificates (limited obligation bonds) that entitle the holders thereof to receive tax-exempt interest paid by the city on a tax-exempt obligation, such as an installment financing contract.
What it reported doing in 2024
During the fiscal year ending 6/30/2023, the corporation discovered land that was mistakenly put in the name of the corporation rather than the city of winston-salem, the organization that the corporation supports. During the current fiscal year, the corporation made arrangements to grant the land to the city of winston-salem.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 82
- Sustainability: NotEnoughData
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: Limited
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: 100% per year; rating input score 100; 97th percentile among comparable filings
- Revenue growth: -13.1% per year; rating input score 0; 50th percentile among comparable filings
- Asset growth: -22.4% per year; rating input score 0; 27th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 1 of 1 current checks pass
- Schedules: 1 filed schedules
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.