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← THE SISK FOUNDATION OF BUNCOMBE STREET UNITED METHODIST CHURCH

Form 990 for tax year 2024

Filed by THE SISK FOUNDATION OF BUNCOMBE STREET UNITED METHODIST CHURCH.

Totals

Total revenue
$207,077
Total expenses
$333,810
Contributions and grants received
$0
Grants paid
$329,926
Program service revenue
$0
Investment income
$207,077
Other revenue
$0
Total assets, end of year
$6,895,992
Total liabilities, end of year
$8,445
Net assets or fund balances, end of year
$6,887,547
Program services expenses (Part IX)
$329,926
Management and general expenses
$3,884
Fundraising expenses
$0
Program service expenses (Part III)
$329,926

Program services were 98.8% 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.

  • 3 · Investment income

    total $147,351 · excluded $147,351

  • 7a · Gross sales of assets other than inventory

    securities $257,501

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

    securities $197,775

  • 7c · Gain or loss

    securities $59,726

  • 7d · Net gain or loss

    total $59,726 · related or exempt $59,726

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $329,926 · program services $329,926

  • 11c · Fees: accounting

    total $652 · management and general $652

  • 24a · Other expenses: MISC

    total $3,232 · management and general $3,232

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $4,593

  • 11 · Investments: publicly traded securities

    beginning of year $6,598,531 · end of year $6,891,399

  • 17 · Accounts payable and accrued expenses

    end of year $8,445

  • 31 · Retained earnings, endowment or other funds

    beginning of year $6,598,531 · end of year $6,887,547

Mission and programs · 2024

Mission

PROPAGATE AND PROCLAIM THE CHRISTIAN FAITH. THE MOST SIGNIFICANT ACTIVITY OF THE FOUNDATION IS TO DISTRIBUTE YEARLY GRANTS TO APPLICANTS THAT SERVE THE INDIGENT NEEDS OF THE COMMUNITY.

  • GRANTS TO APPLICANTS THAT SERVE THE INDIGENT NEEDS OF THE COMMUNITY.

    Expenses $329,926 · Grants $329,926

As filed on the 2024 return.

Listed in Part VII

  • KAREN GAMBRELL

    OPERATIONS D

    Total calculated
    $89,941
    From this org
    $0
    From related orgs
    $89,941
    Other
    $0
    Hours/week
    1 + 40 related
  • JUSTIN GILREATH

    DIRECTOR

    Total calculated
    $63,981
    From this org
    $0
    From related orgs
    $63,981
    Other
    $0
    Hours/week
    1 + 40 related
  • BLAIR BAILEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • SCOTTIE LU BRANDT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • RYAN BURNETT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • JENNIFER COYLE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • MIGNON FOWLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • KRISTY IKENBERRY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • HELEN MEYER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • KIM REDMOND

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • MARK ROBIRDS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • PATTIE SEIGLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • ANNA THOMPSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • JOHN TOMLINSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • KATHY WILSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

  • CRISIS MINISTRY

    $37,000

  • UNITED MINISTRIES

    $30,000

  • GREENVILLE FREE MEDICAL CLINIC

    $25,000

  • TRIUNE MERCY CENTER

    $20,000

  • CDC SCHOLARSHIPS

    $20,000

  • SOTERIA COMM DEVELOPMENT CORP

    $15,000

  • LOAVES AND FISHES

    $15,000

  • MIRACLE HILL MINISTRIES

    $15,000

  • FIRST IMPRESSIONS

    $10,000

  • SAFE HARBOR

    $10,000

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
2024
Filed
2 July 2025
IRS schema version
2024v5.0
Source object
202531839349301423

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