Nonprofit

Aug 6, 2020

The Food Bank of Central & Eastern North Carolina recently purchased 1000 Greenfield St. to expand its services, according to an announcement Wednesday. The nonprofit organization plans to build a new facility on the 5-acre tract, which formerly included a grocery store. The purchase is seen as the first step toward developing the Food Bank at Wilmington&rsq ...

Jul 29, 2020

With Events Still On Hold, Nonprofits Move To Virtual Fundraisers

By Christina Haley O'Neal, posted Jul 29, 2020

The shift from in-person to virtual fundraising events for several area nonprofit organizations is bringing in much-needed cash in light of the increasing demand for services during the COVID-19 pandemic. At least one area nonprofit not only met but exceeded its fundraising goal in a virtual event this summer. StepUp Wilmington’s Stand With Us event in June sur ...

May 14, 2020

The YMCA of Southeastern North Carolina was awarded $10,000 from the Corning Incorporated Foundation to help support parents working in essential jobs during the COVID-19 pandemic, according to a news release Thursday. The funds are being used to provide child care for children of healthcare workers, first responders and others who are needed to maintain essential ...

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The Incentive Stock Option Tax Trap

Posted Jul 23, 2020
This Insights article was contributed by Chris Massey, CPA (NC License Number 39147), a tax manager at Adam Shay CPA, PLLC.
 
With the recent nCino initial public offering and stock market surging back to pre-pandemic highs, we are receiving a lot of questions about tax planning for incentive stock options (ISOs). From a tax perspective, ISOs are arguably the most compl...read entire article
Apr 17, 2020

Tommy Taylor Named CEO Of Local United Way

By Cece Nunn, posted Apr 17, 2020

Officials with the United Way of the Cape Fear Area announced Friday their selection for the organization's CEO. Tommy Taylor, who was serving as interim CEO, has been named to the post, effective Thursday.  “I am thankful to be able to see the good side of the world that many people do not get a chance to experience and to be able to be part of the so ...

Feb 13, 2020

In Downtown Wilmington, History On The Move

By Cece Nunn, posted Feb 13, 2020

An historic moment takes place Thursday in downtown Wilmington. The Historic Wilmington Foundation (HWF), which began in 1966, is moving to its new office at 211 Orange St., according to an announcement. "After nine years as tenants of the former caretaker’s cottage in the National Cemetery at 2011 Market Street, HWF has purchased for its headquarters ...

Jan 3, 2020

YWCA Names Velva Jenkins As New CEO

By Johanna Cano, posted Jan 3, 2020

Velva Jenkins is the new YWCA Lower Cape Fear CEO, the organization’s board of directors announced Friday. Jenkins has served as the YWCA’s interim CEO since July, a role she took after the YWCA’s previous CEO, Charrise Hart, left her position for a job opportunity in Greensboro. "I am delighted and honored the board of directors has asked me t ...

Dec 11, 2019

Local United Way CEO Retires

By Cece Nunn, posted Dec 11, 2019

Tommy Taylor is the interim CEO of the United Way of the Cape Fear Area after the recent retirement of Craig Heim. Heim took the helm in July 2017 after previous CEO Chris Nelson retired. Shortly before Heim took over, Nelson told the local nonprofit organization’s board “that the United Way must change to be what’s needed to be a successful leader in ...

Dec 6, 2019

Retiree Volunteers: 'We're Just Not Done Yet'

By Johanna Cano, posted Dec 6, 2019

On any given day, women can be seen running the Assistance League of Greater Wilmington Thrift Shop.   A former nurse works at the cash register, a former businesswoman is interacting with customers and a previous elementary school teacher is stocking products and sorting clothes in the back.   The 150 women who operate the local chapter of the Assistance Lea ...

Sep 20, 2019

After filing for Chapter 11 bankruptcy protection, Porters Neck Country Club will remain open as usual and seeks to restructure the organization to emerge stronger as a club, officials said. “This was a difficult decision,” David Adams, president and chairman of the board of trustees at the club, said in a letter to club members. “After careful ex ...

Aug 29, 2019

StepUp Wilmington Places 239 People In Jobs

By Johanna Cano, posted Aug 29, 2019

StepUp Wilmington has placed 239 people in jobs during its 2018-2019 fiscal year, marking the nonprofit’s newest record for number of individuals it has helped find employment in a year, according to a news release this week. During FY 2018-19, StepUp served 419 people, including 112 youth, and placed 239 jobs, up from the 196 jobs it placed last fiscal year. T ...

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In The Current Issue

Next In Line To Lead Ports

Brian Clark becomes the new executive director of the authority, following the retirement of Paul Coz­za, who has served as executive direct...


Some Of The Latest News On The PPP, Disaster Loan

Two programs offered by the U.S. Small Business Administration in­tended to help keep small businesses afloat during the current economic do...


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When the dust cleared on July 14, nCino, which had $138 million in revenue in its most recent fiscal year, was valued at close to $7 billion...

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