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Nonprofiteer
← POLK COUNTY COMMUNITY FOUNDATION INC

Form 990 for tax year 2025

Filed by POLK COUNTY COMMUNITY FOUNDATION INC.

Totals

Total revenue
$8,209,960
Total expenses
$4,326,991
Contributions and grants received
$5,338,328
Grants paid
$3,304,890
Program service revenue
$0
Investment income
$2,584,263
Other revenue
$287,369
Total assets, end of year
$76,751,540
Total liabilities, end of year
$4,564,157
Net assets or fund balances, end of year
$72,187,383
Program services expenses (Part IX)
$3,845,740
Management and general expenses
$408,302
Fundraising expenses
$72,949
Program service expenses (Part III)
$3,845,740

Program services were 88.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $841,318

  • 1f · All other contributions, gifts and grants

    $4,497,010

  • 1g · Noncash contributions included above

    $1,944,745

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,741,031 · related or exempt $1,741,031

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $16,731,512

  • 7b · Less cost or other basis and sales expenses

    securities $15,888,280

  • 7c · Gain or loss

    securities $843,232 · other assets $0

  • 7d · Net gain or loss

    total $843,232 · related or exempt $843,232

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: PCCF MANAGEMENT FEE

    total $287,369 · related or exempt $287,369

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $287,369

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,004,792 · program services $3,004,792

  • 2 · Grants to domestic individuals

    total $300,098 · program services $300,098

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $208,586 · program services $83,435 · management and general $114,722 · fundraising $10,429

  • 7 · Other salaries and wages

    total $309,707 · program services $189,882 · management and general $93,872 · fundraising $25,953

  • 8 · Pension plan contributions

    total $102,394 · program services $62,777 · management and general $31,036 · fundraising $8,581

  • 10 · Payroll taxes

    total $145,525 · program services $89,221 · management and general $44,109 · fundraising $12,195

  • 11b · Fees: legal

    total $17,126 · management and general $17,126

  • 11c · Fees: accounting

    total $38,233 · management and general $38,233

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $2,429 · program services $1,489 · management and general $736 · fundraising $204

  • 13 · Office expenses

    total $94,357 · program services $57,850 · management and general $28,600 · fundraising $7,907

  • 16 · Occupancy

    total $27,414 · program services $16,808 · management and general $8,309 · fundraising $2,297

  • 19 · Conferences, conventions and meetings

    total $12,087 · management and general $12,087

  • 22 · Depreciation, depletion and amortization

    total $40,624 · program services $24,907 · management and general $12,313 · fundraising $3,404

  • 23 · Insurance

    total $23,619 · program services $14,481 · management and general $7,159 · fundraising $1,979

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $200 · end of year $200

  • 2 · Savings and temporary cash investments

    beginning of year $374,742 · end of year $415,372

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $799 · end of year $23,778

  • 10a · Land, buildings and equipment: cost or other basis

    $1,078,529

  • 10b · Land, buildings and equipment: accumulated depreciation

    $618,005

  • 10c · Land, buildings and equipment, net

    beginning of year $462,291 · end of year $460,524

  • 12 · Investments: other securities

    beginning of year $64,911,956 · end of year $75,851,666

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,844 · end of year $29,904

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $4,257,683 · end of year $4,534,253

  • 27 · Net assets without donor restrictions

    beginning of year $25,806,722 · end of year $27,811,694

  • 28 · Net assets with donor restrictions

    beginning of year $35,679,739 · end of year $44,375,689

Mission and programs · 2025

Mission

TO ADMINISTER FUNDS ENTRUSTED 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).

Activities or mission (Part I)

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.

  • THE COMMUNITY FOUNDATION IS DEDICATED TO IMPROVING THE QUALITY OF LIFE IN POLK COUNTY, NC, AND THE SURROUNDING AREAS. IT FULFILLS THIS MISSION BY: AWARDING GRANTS FROM UNRESTRICTED FUNDS TO SUPPORT MEANINGFUL LOCAL NONPROFIT PROJECTS PROVIDING VOCATIONAL AND COLLEGE SCHOLARSHIPS TO LOCAL STUDENTS DISTRIBUTING INCOME FROM ENDOWMENT FUNDS ACCORDING TO DONOR OR NONPROFIT GUIDELINES ADMINISTERING PLANNED GIVING PROGRAMS OFFERING RESOURCES AND MEETING SPACES FOR NONPROFITS HELPING DONORS AND NONPROFITS ACHIEVE THEIR CHARITABLE GOALS THE FOUNDATION CURRENTLY ADMINISTERS OVER 225 CHARITABLE FUNDS. IN RESPONSE TO HURRICANE HELENE, THE BOARD OF DIRECTORS AUTHORIZED THE USE OF THE EMERGENCY RELIEF FUND TO ADDRESS URGENT COMMUNITY NEEDS. ADDITIONALLY, THREE NEW GRANTMAKING FUNDS WERE ESTABLISHED: THE REPAIR AND REBUILDING FUND THE GREEN RIVER RESTORATION FUND THE PACOLET VALLEY RESTORATION FUND THESE FUNDS ENABLED THE LAUNCH OF A STREAMLINED GRANT APPLICATION PROCESS, ALLOWING FOR THE QUICK AND EFFECTIVE DISTRIBUTION OF CRITICAL RESOURCES. THEY SUPPORT ORGANIZATIONS FOCUSED ON RECOVERY, RECONSTRUCTION, AND RESTORATION EFFORTS, AS WELL AS THOSE IMPACTED BY THE STORM, HELPING THEM REOPEN AND CONTINUE SERVING THE COMMUNITY.

    Expenses $3,845,740 · Grants $3,304,890 · Revenue $2,871,632

As filed on the 2025 return.

Listed in Part VII

  • A Thomas Jackson

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kevin D Burnett

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Peter R Franklin

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Susan S McHugh

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Carolyn Gibson

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dale L McEntire

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Frances H Parker

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Gordon B Hamilton

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Heidi L Shull

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Matthew Pohsweg Jr

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Norma W Batchelder

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Sara Barron Bell

    PRESIDENT & CEO

    Total calculated
    $263,102
    From this org
    $208,586
    From related orgs
    $0
    Other
    $54,516
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $208,586
    Bonus
    $0
    Other
    $0
    Deferred
    $41,717
    Nontaxable benefits
    $12,799
    Filer's total
    $263,102

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • THERMAL BELT OUTREACH MINISTRY INC

    $320,888

    SUPPORT FOR FOOD DISTRIBUTION, HOUSING, MEDICAL & FINANCIAL ASSISTANCE FOR THOSE IN NEED

  • POLK COUNTY SCHOOLS

    $276,708

    SUPPORT FOR GIFTED CAMPS, BAND PROGRAM, FIELD TRIPS, INTERNSHIPS, TEACHER CONFERENCES & EDUCATIONAL TRAVEL, COMMUNITY PARTNERSHIPS, MENTORING & SPECIAL PROJECTS

  • FENCE

    $203,775

    SUPPORT FOR 400+ ACRE NATURE & EQUESTRIAN CENTER

  • HOPEFUL RESTORATION GROUP

    $200,000

    DONOR ADVISED FUND DISTRUBUTION TO SUPPORT STORM RECOVERY IN POLK COUNTY

  • SUNNY VIEW CLUBHOUSE

    $186,900

    SUPPORT COMMUNITY CENTER IMPROVEMENTS & PROGRAMS

  • TRYON FINE ARTS CENTER

    $155,754

    SUPPORT FOR COMMUNITY ARTS CENTER PROGRAMS, OPERATIONS & FACILITIES

  • TRYON ARTS & CRAFTS INC

    $134,818

    SUPPORT FOR ARTS EDUCATION PROGRAMS, COMMUNITY EVENTS, OPERATIONS & FACILITIES

  • CONSERVING CAROLINA

    $110,555

    SUPPORT FOR LAND CONSERVATION

  • EPISCOPAL CHURCH OF THE HOLY CROSS

    $97,710

    ENDOWMENT FUND DISTRIBUTIONS FOR OPERATING SUPPORT

  • TRYON LITTLE THEATER INC

    $89,610

    SUPPORT FOR THEATER PROGRAMS & COMMUNITY CENTER

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2025
Filed
31 July 2026
IRS schema version
2025v4.2
Source object
202602129349301855

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