Civic Intelligence

Polk County Community Foundation Inc.

990 • Fiscal year 2019 • EIN 51-0168751

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

Organization ProfileWWW.POLKCCF.ORG
255 South Trade StreetTryon, NC 28782

(828) 859-5314

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

84th percentile

0.07x

Higher debt load relative to assets than 84% of similar nonprofits.

2019 filings • NTEE T • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

92nd percentile

1.67x

Higher debt load relative to revenue than 92% of similar nonprofits.

2019 filings • NTEE T • $50M-$100M nonprofits • Source year 2019

Net Margin

42nd percentile

6.1%

Higher net margin than 42% of similar nonprofits.

2019 filings • NTEE T • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

48th percentile

$336,413

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 14.2% of source-year revenue.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Asset Growth

86th percentile

20%

Faster asset growth than 86% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Revenue Growth

5th percentile

-46%

Faster revenue growth than 5% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$55,699,137

Up $9,387,315 (+20%) from 2018

Net Assets

Up

$51,740,466

Up $7,331,555 (+17%) from 2018

Liabilities

Up

$3,958,671

Up $2,055,760 (+108%) from 2018

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin42nd percentile

Revenue

Down

$2,374,913

Down $2,030,958 (-46%) from 2018

Expenses

Down

$2,231,036

Down $39,240 (-1.7%) from 2018

Net Income

Down

$143,877

Down $1,991,718 (-93%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80M$60M$40M$20M$0Assets 2011: $26,685,050Liabilities 2011: $573,332Net Assets 2011: $26,111,7182011Assets 2012: $32,019,546Liabilities 2012: $641,862Net Assets 2012: $31,377,6842012Assets 2013: $36,979,962Liabilities 2013: $823,762Net Assets 2013: $36,156,2002013Assets 2014: $39,939,511Liabilities 2014: $1,257,859Net Assets 2014: $38,681,6522014Assets 2015: $39,535,616Liabilities 2015: $1,433,888Net Assets 2015: $38,101,7282015Assets 2016: $41,267,330Liabilities 2016: $1,494,746Net Assets 2016: $39,772,5842016Assets 2017: $47,497,024Liabilities 2017: $1,808,757Net Assets 2017: $45,688,2672017Assets 2018: $46,311,822Liabilities 2018: $1,902,911Net Assets 2018: $44,408,9112018Assets 2019: $55,699,137Liabilities 2019: $3,958,671Net Assets 2019: $51,740,4662019Assets 2020: $61,835,986Liabilities 2020: $4,727,929Net Assets 2020: $57,108,0572020Assets 2021: $66,618,195Liabilities 2021: $4,924,495Net Assets 2021: $61,693,7002021Assets 2022: $56,500,870Liabilities 2022: $3,867,528Net Assets 2022: $52,633,3422022Assets 2023: $62,182,358Liabilities 2023: $4,214,665Net Assets 2023: $57,967,6932023Assets 2024: $65,749,988Liabilities 2024: $4,263,527Net Assets 2024: $61,486,4612024

Highlighted filing

2019

Assets$55,699,137
Liabilities$3,958,671
Net Assets$51,740,466
Open 2019 Filing

Operations Trend

Revenue Growth5th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,277,770Expenses 2011: $1,501,955Net Income 2011: -$224,1852011Revenue 2012: $4,492,962Expenses 2012: $1,777,888Net Income 2012: $2,715,0742012Revenue 2013: $2,378,200Expenses 2013: $1,977,570Net Income 2013: $400,6302013Revenue 2014: $3,301,002Expenses 2014: $2,116,593Net Income 2014: $1,184,4092014Revenue 2015: $2,855,471Expenses 2015: $2,499,775Net Income 2015: $355,6962015Revenue 2016: $2,104,147Expenses 2016: $2,288,090Net Income 2016: -$183,9432016Revenue 2017: $4,616,246Expenses 2017: $2,427,168Net Income 2017: $2,189,0782017Revenue 2018: $4,405,871Expenses 2018: $2,270,276Net Income 2018: $2,135,5952018Revenue 2019: $2,374,913Expenses 2019: $2,231,036Net Income 2019: $143,8772019Revenue 2020: $3,595,104Expenses 2020: $3,041,183Net Income 2020: $553,9212020Revenue 2021: $2,369,323Expenses 2021: $2,308,096Net Income 2021: $61,2272021Revenue 2022: $3,247,757Expenses 2022: $2,512,033Net Income 2022: $735,7242022Revenue 2023: $2,549,691Expenses 2023: $3,091,951Net Income 2023: -$542,2602023Revenue 2024: $4,359,340Expenses 2024: $3,647,577Net Income 2024: $711,7632024

Highlighted filing

2019

Revenue$2,374,913
Expenses$2,231,036
Net Income$143,877
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.1
Gross Receipts
$6,353,399
Mission and Program Overview

Mission

To administer funds entrusted to it to support charitable, cultural, educational and publicly beneficial activities in the community centered in and around polk county, n.c. Both by directly expending sums for such purposes and in cooperation with institutions qualified to carry out these objectives most efficiently. The foundation works with donors (both individuals and charitable organizations) to establish funds to benefit one or more named charities, to accomplish a certain objective (provide for cultural events, encourage the development of agriculture, provide free activities for youth, improve classroom teaching, etc.), to award scholarships to local students, and to allow the board of the polk county community foundation to address the needs of the community as they change from time to time (unrestricted funds).

To administer funds entrusted to it to support charitable, cultural, educational and publicly beneficial charitable activities in the community centered in and around polk county, n.c.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$45,392,096$54,586,258▲ $9,194,162
Prepaid Expenses and Deferred Charges$178$417,342▲ $417,164
Savings and Temporary Cash Investments$556,728$351,575▼ $205,153
Land, Buildings, and Equipment, Net$362,620$343,762▼ $18,858
Cash and Non-Interest-Bearing Accounts$200$200→ $0
Total Assets$46,311,822$55,699,137▲ $9,387,315
Liabilities
Other Liabilities$0$3,955,900▲ $3,955,900
Grants Payable$1,877,428$0▼ $1,877,428
Accounts Payable and Accrued Expenses$25,483$2,771▼ $22,712
Total Liabilities$1,902,911$3,958,671▲ $2,055,760
Net Assets / Fund Balance
Net Assets With Donor Restrictions$30,172,368$26,489,713▼ $3,682,655
Net Assets Without Donor Restrictions$14,236,543$25,250,753▲ $11,014,210
Total Net Assets Fund Balance$44,408,911$51,740,466▲ $7,331,555
Total Liabilities and Net Assets / Fund Balance$46,311,822$55,699,137▲ $9,387,315

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$336,806$266,808$603,614
Equipment$4,342$137,438$141,780
Other Land Buildings$2,614$67,551$70,165
Other Securities$54,586,258--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$10,698,090---$10,698,090
2018$10,698,090---$10,698,090
2017$10,698,090---$10,698,090
2016$10,698,090---$10,698,090
2015$10,698,090---$10,698,090
Compensation and Service Providers
Top Officer Pay48th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elizabeth NagerPresident & CEOFT$255,413$81,000$336,413

Board Members and Trustees

NameTitle
A Thomas JacksonChair
Philip H Burrus IiiVice Chair
Carol E JacksonDirector
Dale L McentireDirector
Martha LoveDirector
Monica E JonesDirector
Sherry M CarterDirector
Dr Faith WeathingtonSecretary
Dr Norma W BatchelderTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$356,668
Program Service Revenue
$0
Investment Income
$1,778,636
Other Revenue
$239,609
All Other Contributions
$356,668
Change in Net Assets
$143,877

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,976,690
Revenue Not Reported on Financial Statements
$398,223
Revenue Not Reported on Form 990
$7,116,894
Other Revenue Adjustments
$398,223
Total Revenue per Audited Statements
$9,093,584
Total Revenue per Form 990
$2,374,913
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,526,575
Salaries, Compensation, and Employee Benefits$561,501
Other Expenses$142,960
Total Fundraising Expense$74,303
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,289,194--$1,289,194
Current Officers, Directors, Trustees, and Key Employees$112,165$112,165$56,083$280,413
Grants to Domestic Individuals$237,381--$237,381
Other Salaries and Wages$83,394$79,917$3,150$166,461
Pension Plan Contributions$39,774$37,925$11,830$89,529
Occupancy-$40,869-$40,869
Payroll Taxes$11,330$11,063$2,705$25,098
Conferences and Meetings$16,529$7,144$535$24,208
Office Expenses-$21,342-$21,342
Fees for Services Accounting-$19,179-$19,179
Depreciation Depletion-$18,858-$18,858
Insurance-$17,092-$17,092
Fees for Services Legal-$1,412-$1,412
Total Functional Expenses$1,789,767$366,966$74,303$2,231,036

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,231,036
Total Expenses per Audited Statements$1,706,451
Expenses per Audited Statements$1,701,284
Expenses Not Reported on Financial Statements$529,752
Other Expense Adjustments$529,752
Expenses Not Reported on Form 990$5,167
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Tryon Fine Arts CenterTryon, NC501 (c) (3)Capital Improvements and Art Programs$165,987
Tryon Arts and Crafts IncTryon, NC501 (c) (3)Capital Projects and Free Programs$159,550
Polk County SchoolsColumbus, NCGovernmentFree Band, Teacher Education and Youth Programs$113,464
FenceTryon, NC501 (c) (3)Support Programs and Free Park$102,387
Episcopal Church of the Holy CrossTryon, NCChurchDonor Advised Fund Grants and Endowment Fund Payouts$86,200
Unity in the CommunityRutherfordton, NC501 (c) (3)Free Community Events for Youth and Adults$67,500
Thermal Belt Outreach Ministry IncColumbus, NC501 (c) (3)Food and Housing Assistance$59,019
Tryon Little Theatre IncTryon, NC501 (c) (3)Sunnydale Theatre Capital Needs and Free Youth Play$50,861
Tryon Downtown Development AssociationTryon, NC501 (c) (3)TO ENHANCE TRYON'S APPEAL; FREE CIVIC EVENTS$47,760
Lanier Library AssociationTryon, NC501 (c) (3)Library Enhancements and Programs$36,465
Sunny View Club HouseMill Spring, NC501 (c) (3)Capital Projects, Community Center and Free Programs$33,000
Tryon Painters & SculptorsTryon, NC501 (c) (3)Free Art Classes$32,751
Upstairs ArtspaceTryon, NC501 (c) (3)Free Art Shows and Artist Talks$29,625
Polk County GovernmentColumbus, NCGovernmentSTUDENT INTERN AT LIBRARY; AMERICORPS TRAILS COORDINATOR AT RECREATION DEPARTMENT; NEW CHILDREN'S BOOKS FOR LIBRARY$27,740
Saluda Community Land Trust IncSaluda, NC501 (c) (3)Support for Land Conservation & Parks$27,667
District 1 SchoolsCampobello, SCGovernmentKessler Cultural Evenings & Artists in Residence$20,000
University of North Carolina at Chapel HillChapel Hill, NC501 (c) (3)College Advisor at Polk County High School for 2019/2020 School Year$20,000
City of SaludaSaluda, NC501 (c) (3)Community Programs and Park$19,907
CHILDREN'S THEATER FESTIVALTryon, NC501 (c) (3)Super Saturday Festival Support$17,450
Saluda Historic DepotSaluda, NC501 (c) (3)Capital Projects and Programs$16,290
Roseland Community CenterTryon, NC501 (c) (3)Capital Projects and Programs$12,600
Tryon Presbyterian ChurchTryon, NCChurchDonor Advised Fund Grants and Endowment Fund Payouts$12,000
Foothills Humane Society IncColumbus, NC501 (c) (3)Animal Shelter General Operating Expenses$11,500
Rotary Club of Tryon FoundationTryon, NC501 (c) (3)GRANT FROM ROTARY'S ENDOWMENT SCHOLARSHIP FUND$11,180
Tryon Garden Club IncTryon, NC501 (c) (3)PEARSON'S FALLS AND PARK AREA$10,838
Steps to Hope IncColumbus, NC501 (c) (3)Domestic Violence Prevention$10,070
Tryon Concert AssociationTryon, NC501 (c) (3)General Support$8,300
Thermal Belt Friendship CouncilLynn, NC501 (c) (3)Support for Free Events Including Martin Luther King Day$8,250
ST LUKE'S HOSPITAL FOUNDATIONColumbus, NC501 (c) (3)General Operating Expenses$6,000
Polk Fit Fresh and FriendlyColumbus, NC501 (c) (3)Educational Programs$5,636
Congregational Church of TryonTryon, NCChurchDonor Advised Fund Grants for Operating Support/family Team Building$5,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Other Organizations$2,306,017
Trust Liability$1,649,883
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Key questions regarding conflicts discussed at board meeting prior to preparation of form 990.”

Form 990, Part VI, Section B, Line 12C

“The nominating committee and the board of directors do not allow any volunteers who have impermissible conflicts of interest to serve the bradley endowment fund. Possible conflicts of interest are discussed regularly at full board meetings and noted in the minutes. The secretary, who prepares the minutes and attends all board meetings, keeps a running list of all potential conflicts so these conflicts are raised at the appropriate times before voting. All board members are aware of the potential harm of any appearance of impropriety and all diligently seek to make sure that their own actions and the actions of all others in positions of potential power are beyond reproach. Committee members who make grant recommendations to the board for its approval are not permitted to participate in the process if they have conflicts. Conflict checks are routine and test for both actual and the appearance of conflicts. Written and signed conflict of interest forms are required from every board and committee member.”

Form 990, Part VI, Section B, Line 15A

“In the year prior to any changes in compensation, the compensation committee meets and reviews comparable data such as the consumer price index for inflation, current surveys published by the council on foundations detailing salaries and raises, form 990s from community foundations in our area and the resume and qualifications of the president and ceo (magna cum laude graduate of duke university, law degree from ucla law school in los angeles, ca, years of corporate law experience and many years experience leading a community foundation). The compensation committee reports to the board and the board makes the final decisions. All paid staff members leave the boardroom for this process. There are no relatives of the paid staff on the board. The board annually approves benefits which are described in the personnel manual. The budgeted and actual numbers for personnel expenses are distributed to the board as part of the administrative budget at every meeting. Ceo is expected to purchase health insurance with her taxable income.”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflict of interest policy and financial statements including the form 990 are available to the public upon request during the normal business hours of 9:00 - 4:00 monday - thursday and 9:00 - 12:00 friday at the office of the polk county community foundation, located at 255 south trade street, tryon, n.c.”

FORM 990, PART VII, SECTION A, LINE 1A:

“Ceo is expected to purchase health insurance with her taxable income.”

Filing and Contact Details

Filer

Filer Name
Polk County Community Foundation Inc
EIN
51-0168751
Phone
8288595314
Address
255 SOUTH TRADE STREET, TRYON, NC 28782

Signing Officer

Name
A Thomas Jackson
Title
Board Chair
Phone
8288595314
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
A Thomas Jackson
Formed
1975
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
5
Volunteers
42

Preparer

Firm
Dixon Hughes Goodman Llp
Address
1829 EASTCHESTER DRIVE, HIGH POINT, NC 27265
Preparer
David Vogler
Phone
3368895156
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in split interest 681,293. Agency funds -289,638. Expenses from crt and other trusts reported on trust return -5,167. Adjustment to grant expense -53,381. Grants on tax return not on books 421,167.”

Financial Statement Notes

PART IV, LINE 1B:

“The organization is trustee to several charitable remainder trusts in which it is not named as an irrevocable beneficiary. Each trust has filed form 1041 for the year.”

PART V, LINE 4:

“To give grants in polk county, nc for charitable, educational, medical and community benefit purposes within the meaning of section 501(c)(3) and 170(c)(2) of the internal revenue code of 1986 and support the polk county community foundation.”

PART X, LINE 2:

“The foundation has been recognized by the internal revenue service as a charitable organization as described in section 501(c)(3) of the internal revenue code (irc) and is exempt from federal income taxes pursuant to section 509(a)(2) of the internal revenue code. Accordingly, no provision for income taxes is included in the accompanying consolidated financial statements. The foundation has determined that it does not have any material unrecognized tax benefits or obligations as of december 31, 2019.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Change in split interest 681,293.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Agency funds revenue not included with audit 398,223.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Expenses from charitable remainder trust and other trusts reported on trust 5,167.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Expenses for agency funds not on financial statements 108,585. Grants on tax return not on books 421,167.”

Raw XML AppendixShowing 400 of 856 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt025483
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02771
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO ADMINISTER FUNDS ENTRUSTED TO IT TO SUPPORT CHARITABLE, CULTURAL, EDUCATIONAL AND PUBLICLY BENEFICIAL CHARITABLE ACTIVITIES IN THE COMMUNITY CENTERED IN AND AROUND POLK COUNTY, N.C.
IRS990/AllOtherContributionsAmt0356668
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ELIZABETH NAGER
IRS990/BooksInCareOfDetail/PhoneNum08288595314
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0255 S TRADE STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0TRYON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd028782
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0200
IRS990/CashNonInterestBearingGrp/EOYAmt0200
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt056083
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0112165
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0112165
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0280413
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/FundraisingAmt0535
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt07144
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt016529
IRS990/ConferencesMeetingsGrp/TotalAmt024208
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0356668
IRS990/CYGrantsAndSimilarPaidAmt01526575
IRS990/CYInvestmentIncomeAmt01778636
IRS990/CYOtherExpensesAmt0142960
IRS990/CYOtherRevenueAmt0239609
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0143877
IRS990/CYSalariesCompEmpBnftPaidAmt0561501
IRS990/CYTotalExpensesAmt02231036
IRS990/CYTotalFundraisingExpenseAmt074303
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02374913
IRS990/DAFExcessBusinessHoldingsInd00
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt018858
IRS990/DepreciationDepletionGrp/TotalAmt018858
IRS990/Desc0THE COMMUNITY FOUNDATION IMPROVED THE QUALITY OF LIFE IN THE AREA CENTERED IN AND AROUND POLK COUNTY, N.C. BY AWARDING GRANTS FROM UNRESTRICTED FUNDS TO SUPPORT THE WORTHWHILE PROJECTS OF LOCAL NONPROFIT ORGANIZATIONS, GIVING VOCATIONAL AND COLLEGE SCHOLARSHIPS TO LOCAL STUDENTS, DISTRIBUTING ENDOWMENT FUND INCOME IN ACCORDANCE WITH GUIDELINES ESTABLISHED BY DONORS OR NONPROFITS AND MEMORIALIZED IN FUND AGREEMENTS, ADMINISTERING PLANNED GIVING PROGRAMS, PROVIDING A LIBRARY OF RESOURCES AND MEETING SPACES FOR NONPROFITS AND HELPING LOCAL NONPROFIT ORGANIZATIONS AND DONORS MEET THEIR CHARITABLE GOALS. THE FOUNDATION ADMINISTERS OVER 200 CHARITABLE FUNDS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DistributionToDonorInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd01
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt030172368
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt026489713
IRS990/DonorRstrOrQuasiEndowmentsInd01
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt05
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01789767
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt019179
IRS990/FeesForServicesAccountingGrp/TotalAmt019179
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt01412
IRS990/FeesForServicesLegalGrp/TotalAmt01412
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt950.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt956000
IRS990/Form990PartVIISectionAGrp/PersonNm0A THOMAS JACKSON
IRS990/Form990PartVIISectionAGrp/PersonNm1PHILIP H BURRUS III
IRS990/Form990PartVIISectionAGrp/PersonNm2DR NORMA W BATCHELDER
IRS990/Form990PartVIISectionAGrp/PersonNm3DR FAITH WEATHINGTON
IRS990/Form990PartVIISectionAGrp/PersonNm4SHERRY M CARTER
IRS990/Form990PartVIISectionAGrp/PersonNm5CAROL E JACKSON
IRS990/Form990PartVIISectionAGrp/PersonNm6MONICA E JONES
IRS990/Form990PartVIISectionAGrp/PersonNm7MARTHA LOVE
IRS990/Form990PartVIISectionAGrp/PersonNm8DALE L MCENTIRE
IRS990/Form990PartVIISectionAGrp/PersonNm9ELIZABETH NAGER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9280413
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT & CEO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01975
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0513651
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantAmt01526575
IRS990/GrantsPayableGrp/BOYAmt01877428
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0237381
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0237381
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01289194
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01289194
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt04492137
IRS990/GrossReceiptsAmt06353399
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt017092
IRS990/InsuranceGrp/TotalAmt017092
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt01264985
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01264985
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt045392096
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt054586258
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0471797
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0362620
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0343762
IRS990/LandBldgEquipCostOrOtherBssAmt0815559
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt03978486
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ADMINISTER FUNDS ENTRUSTED TO IT TO SUPPORT CHARITABLE, CULTURAL, EDUCATIONAL AND PUBLICLY BENEFICIAL ACTIVITIES IN THE COMMUNITY CENTERED IN AND AROUND POLK COUNTY, N.C. BOTH BY DIRECTLY EXPENDING SUMS FOR SUCH PURPOSES AND IN COOPERATION WITH INSTITUTIONS QUALIFIED TO CARRY OUT THESE OBJECTIVES MOST EFFICIENTLY. THE FOUNDATION WORKS WITH DONORS (BOTH INDIVIDUALS AND CHARITABLE ORGANIZATIONS) TO ESTABLISH FUNDS TO BENEFIT ONE OR MORE NAMED CHARITIES, TO ACCOMPLISH A CERTAIN OBJECTIVE (PROVIDE FOR CULTURAL EVENTS, ENCOURAGE THE DEVELOPMENT OF AGRICULTURE, PROVIDE FREE ACTIVITIES FOR YOUTH, IMPROVE CLASSROOM TEACHING, ETC.), TO AWARD SCHOLARSHIPS TO LOCAL STUDENTS, AND TO ALLOW THE BOARD OF THE POLK COUNTY COMMUNITY FOUNDATION TO ADDRESS THE NEEDS OF THE COMMUNITY AS THEY CHANGE FROM TIME TO TIME (UNRESTRICTED FUNDS).
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt044408911
IRS990/NetAssetsOrFundBalancesEOYAmt051740466
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0513651
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0513651
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt06435601
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt014236543
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt025250753
IRS990/NoncashContributionsAmt015297
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt040869
IRS990/OccupancyGrp/TotalAmt040869
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt021342
IRS990/OfficeExpensesGrp/TotalAmt021342
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0754274
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt03955900
IRS990/OtherRevenueMiscGrp/BusinessCd0561000
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0239609
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0239609
IRS990/OtherRevenueTotalAmt0239609
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt03150
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt079917
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt083394
IRS990/OtherSalariesAndWagesGrp/TotalAmt0166461
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02705
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011063
IRS990/PayrollTaxesGrp/ProgramServicesAmt011330
IRS990/PayrollTaxesGrp/TotalAmt025098
IRS990/PensionPlanContributionsGrp/FundraisingAmt011830
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt037925
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt039774
IRS990/PensionPlanContributionsGrp/TotalAmt089529
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0178
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0417342
IRS990/PrincipalOfficerNm0A THOMAS JACKSON
IRS990/PriorPeriodAdjustmentsAmt0-2197
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03088871
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01556940
IRS990/PYInvestmentIncomeAmt01070553
IRS990/PYOtherExpensesAmt0137242
IRS990/PYOtherRevenueAmt0246447
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt02135595
IRS990/PYSalariesCompEmpBnftPaidAmt0576094
IRS990/PYTotalExpensesAmt02270276
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04405871
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0143877
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02018245
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0556728
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0351575
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0356668
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03088871
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02080491
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0950675
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01788977
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt08265682
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01264985
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01029056
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0947377
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0850056
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0816944
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt04908418
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.40720
IRS990ScheduleA/PublicSupportPY170Pct00.52410
IRS990ScheduleA/PublicSupportTotal170Amt05364697
IRS990ScheduleA/SubstantialContributorsTotAmt02900985
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0356668
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03088871
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02080491
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0950675
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01788977
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt08265682
IRS990ScheduleA/TotalSupportAmt013174100
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AdditionsDuringYearAmt0413364
IRS990ScheduleD/AgentTrusteeEtcInd01
IRS990ScheduleD/BeginningBalanceAmt02126902
IRS990ScheduleD/BuildingsGrp/BookValueAmt0336806
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0266808
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0603614
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt010698090
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt010698090
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt010698090
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt010698090
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt010698090
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt010698090
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt010698090
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt010698090
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt010698090
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt010698090
IRS990ScheduleD/DisclosedForCharitablePrpsInd01
IRS990ScheduleD/DisclosedOrgLegCtrlInd01
IRS990ScheduleD/DistributionsDuringYearAmt0172207
IRS990ScheduleD/DonorAdvisedFundsContriAmt065497
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt076817
IRS990ScheduleD/DonorAdvisedFundsHeldCnt014
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt0748657
IRS990ScheduleD/EndingBalanceAmt02368059
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd01
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt04342
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0137438
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0141780
IRS990ScheduleD/ExpensesNotReportedAmt05167
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0529752
IRS990ScheduleD/ExpensesSubtotalAmt01701284
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt06435601
IRS990ScheduleD/OtherExpensesIncludedAmt05167
IRS990ScheduleD/OtherExpensesNotIncludedAmt0529752
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02614
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt067551
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt070165
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02306017
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11649883
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO OTHER ORGANIZATIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TRUST LIABILITY
IRS990ScheduleD/OtherRevenueAmt0681293
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0398223
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt054586258
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MUTUAL FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RelatedOrgListSchRInd01
IRS990ScheduleD/RevenueNotReportedAmt07116894
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0398223
IRS990ScheduleD/RevenueSubtotalAmt01976690
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS TRUSTEE TO SEVERAL CHARITABLE REMAINDER TRUSTS IN WHICH IT IS NOT NAMED AS AN IRREVOCABLE BENEFICIARY. EACH TRUST HAS FILED FORM 1041 FOR THE YEAR.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1TO GIVE GRANTS IN POLK COUNTY, NC FOR CHARITABLE, EDUCATIONAL, MEDICAL AND COMMUNITY BENEFIT PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) AND 170(C)(2) OF THE INTERNAL REVENUE CODE OF 1986 AND SUPPORT THE POLK COUNTY COMMUNITY FOUNDATION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A CHARITABLE ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE FOUNDATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF DECEMBER 31, 2019.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3CHANGE IN SPLIT INTEREST 681,293.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4AGENCY FUNDS REVENUE NOT INCLUDED WITH AUDIT 398,223.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt5EXPENSES FROM CHARITABLE REMAINDER TRUST AND OTHER TRUSTS REPORTED ON TRUST 5,167.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt6EXPENSES FOR AGENCY FUNDS NOT ON FINANCIAL STATEMENTS 108,585. GRANTS ON TAX RETURN NOT ON BOOKS 421,167.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 1B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc5PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc6PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0343762
IRS990ScheduleD/TotalBookValueSecuritiesAmt054586258
IRS990ScheduleD/TotalExpensesPerForm990Amt02231036
IRS990ScheduleD/TotalLiabilityAmt03955900
IRS990ScheduleD/TotalRevenuePerForm990Amt02374913
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09093584
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01706451
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0237381
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$55,699,137
Liabilities
$3,958,671
Net assets
$51,740,466
Revenue
$2,374,913
Expenses
$2,231,036
Net income
$143,877
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.7$4.26$61.5$4.36$3.65$0.71
2023Detailed filing. Detailed filing data is available for this year.$62.2$4.21$58.0$2.55$3.09$0.54
2022Detailed filing. Detailed filing data is available for this year.$56.5$3.87$52.6$3.25$2.51$0.74
2021Detailed filing. Detailed filing data is available for this year.$66.6$4.92$61.7$2.37$2.31$0.06
2020Detailed filing. Detailed filing data is available for this year.$61.8$4.73$57.1$3.60$3.04$0.55
2019Detailed filing. Detailed filing data is available for this year.$55.7$3.96$51.7$2.37$2.23$0.14
2018Summary only. Only limited summary data is available for this year.$46.3$1.90$44.4$4.41$2.27$2.14
2017Summary only. Only limited summary data is available for this year.$47.5$1.81$45.7$4.62$2.43$2.19
2016Summary only. Only limited summary data is available for this year.$41.3$1.49$39.8$2.10$2.29$0.18
2015Summary only. Only limited summary data is available for this year.$39.5$1.43$38.1$2.86$2.50$0.36
2014Summary only. Only limited summary data is available for this year.$39.9$1.26$38.7$3.30$2.12$1.18
2013Summary only. Only limited summary data is available for this year.$37.0$0.82$36.2$2.38$1.98$0.40
2012Summary only. Only limited summary data is available for this year.$32.0$0.64$31.4$4.49$1.78$2.72
2011Summary only. Only limited summary data is available for this year.$26.7$0.57$26.1$1.28$1.50$0.22