Organizations Filed Purposes:
NORTH CAROLINA MUNICIPAL LEASING CORPORATION OWNS DEBT-FINANCED EQUIPMENT WHICH IT LEASES TO THE CITY OF WINSTON-SALEM. THE CITY TAKES TITLE TO THE ASSET AT THE END OF THE LEASE TERM. THE CITY IS OBLIGATED TO PAY TO NORTH CAROLINA MUNICIPAL LEASING CORPORATION, ON AN ANNUAL BASIS, AN AMOUNT EQUAL TO THE EXCESS OF DISBURSEMENT.
NORTH CAROLINA MUNICIPAL LEASING CORPORATION ("NCMLC") IS A NOT-FOR-PROFIT ORGANIZATION CHARTERED FOR THE PURPOSE OF ASSISTING THE CITY OF WINSTON-SALEM, NORTH CAROLINA WITH THE ACQUISITION OF REAL AND PERSONAL PROPERTY AND FUNDING CERTAIN POST-RETIREMENT LIABILITIES.
NORTH CAROLINA MUNICIPAL LEASING CORPORATION IS A NOT-FOR-PROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND ACCORDINGLY, IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THE ORGANIZATION LEASES EQUIPMENT TO THE CITY OF WINSTON-SALEM. INVESTMENT IN DIRECT FINANCING AS OF JUNE 30, 2019 WAS $120,107,636.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Donna Hull | DIRECTOR | 1 | $0 |
| Angie S Fisher | SECRETARY/TREASURER | 1 | $0 |
| William B Rowe | VICE PRESIDENT | 1 | $0 |
| Lisa M Saunders | PRESIDENT | 1 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202041269349300104_public.xml