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Nonprofiteer
← BIG ROCK FOUNDATION INC

Form 990 for tax year 2023

Filed by BIG ROCK FOUNDATION INC.

Totals

Total revenue
$418,296
Total expenses
$321,536
Contributions and grants received
$194,026
Grants paid
$159,690
Program service revenue
$0
Investment income
$137,123
Other revenue
$87,147
Total assets, end of year
$5,601,466
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$5,601,466
Program services expenses (Part IX)
$277,083
Management and general expenses
$44,453
Fundraising expenses
$0
Program service expenses (Part III)
$277,083

Program services were 86.2% 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

    $1,272

  • 1f · All other contributions, gifts and grants

    $192,754

  • 3 · Investment income

    total $138,870 · excluded $138,870

  • 6a · Gross rents

    real property $69,263

  • 6b · Less rental expenses

    real property $20,456

  • 6c · Rental income or loss

    real property $48,807

  • 6d · Net rental income or loss

    total $48,807 · excluded $48,807

  • 7a · Gross sales of assets other than inventory

    securities $2,577,321

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

    securities $2,579,068

  • 7c · Gain or loss

    securities -$1,747

  • 7d · Net gain or loss

    total -$1,747 · excluded -$1,747

  • 8a · Fundraising events: gross income

    $38,340

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $38,340 · excluded $38,340

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $159,690 · program services $159,690

  • 7 · Other salaries and wages

    total $102,265 · program services $92,039 · management and general $10,226

  • 9 · Other employee benefits

    total $10,816 · program services $9,734 · management and general $1,082

  • 10 · Payroll taxes

    total $7,823 · program services $7,041 · management and general $782

  • 11c · Fees: accounting

    total $4,153 · program services $4,153

  • 11f · Fees: investment management

    total $32,363 · management and general $32,363

  • 12 · Advertising and promotion

    total $550 · program services $550

  • 13 · Office expenses

    total $2,588 · program services $2,588

  • 17 · Travel

    total $549 · program services $549

  • 24a · Other expenses: BUSINESS EXPENSE

    total $499 · program services $499

  • 24b · Other expenses: BIG ROCK BOOK

    total $240 · program services $240

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $15,177 · end of year $196,851

  • 4 · Accounts receivable

    beginning of year $370 · end of year $120

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

    $2,343,972

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

    $173,679

  • 10c · Land, buildings and equipment, net

    beginning of year $2,156,549 · end of year $2,170,293

  • 11 · Investments: publicly traded securities

    beginning of year $3,422,791 · end of year $3,234,202

  • 25 · Other liabilities

    beginning of year $90,181 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $5,504,706 · end of year $5,601,466

Mission and programs · 2023

Mission

THE ORGANIZATIONS PRIMARY EXEMPT PURPOSE IS RAISING FUNDS FOR CHARITIES AND WORTHY COMMUNITY PROJECTS TO PROMOTE CONSERVATION AMONG SPORTSFISHERMEN AND PRESERVE MARITIME CULTURE AND HERITAGE WHILE PROMOTING MARINE EDUCATION.

Activities or mission (Part I)

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS RAISING FUNDS FOR CHARITIES AND WORTHY COMMUNITY PROJECTS TO PROMOTE CONSERVATION AMONG SPORTSFISHERMEN AND PRESERVE MARITIME CULTURE AND HERITAGE WHILE PROMOTING MARINE EDUCATION.

  • THE ORGANIZATION WAS ABLE TO DONATE BACK TO LOCAL CORE CHARITIES $159,690. THESE CHARITIES REPRESENT A DIVERSE GROUP OF ORGANIZATIONS THROUGHOUT CARTERET COUNTY AND NORTH CAROLINA. THE BOYS AND GIRLS CLUB OF THE COASTAL PLAINS WAS OUR LARGEST DONEE FOR FY 2023-2024 AND THE FUNDS RECEIVED BY THE BOYS AND GIRLS CLUB ARE USED TO INSPIRE AND ENABLE ALL YOUNG PEOPLE, ESPECIALLY THOSE WHO NEED THEM MOST, TO REALIZE THEIR FULL POTENTIAL AS PRODUCTIVE, RESPONSIBLE AND CARING CITIZENS. THEY WERE AWARDED $35,000. THE FOUNDATION ALSO AWARDED FUNDS TO CARTERET HEALTH CARE IN THE AMOUNT OF $25,000 AND THESE FUNDS ARE FOR PATIENT COMFORT/CARE DURING CHEMOTHERAPY AND RADIATION TREATMENTS. OTHER ORGANIZATIONS SUCH AS THE EAST CAROLINA BOY SCOUTS AND THE BROAD STREET CLINIC WERE AWARDED $7,500 EACH TO ASSIST WITH THEIR ANNUAL BUDGETING PROGRAMS.

    Expenses $277,083 · Grants $159,690

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DALE BRITT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD CROWE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RANDY RAMSEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CASEY WAGNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JIM BAILEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HOWARD BASNIGHT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DEW FORBES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JACK JORDAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BILLY KORNEGAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CURTIS STRANGE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROGER CROWE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LES COLLINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • EMERY IVEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOY BELL

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • MIKE THOMPSON

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • TOMMY BENNETT

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • CAROLINE PETRILLI

    SECRETARY

    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

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.

  • CRYSTAL COAST TOURNAMENT

    501(C)(3) · RAISING FDS FOR CHARITABLE ORGS WHO WORK FOR CHILDREN & FISH PRESERVATION · NC

    Directly controlled by BIG ROCK ROUNDATION INC

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • BRF HOLDINGS LLC

    REAL ESTATE HOLDINGS · NC · income $69,263 · assets $890,815

    Directly controlled by BIG ROCK FOUNDATION INC

  • 713 EVANS ST LLC

    REAL ESTATE HOLDINGS · NC · assets $1,279,478

    Directly controlled by BIG ROCK FOUNDATION INC

Provenance

Return type
form_990
Tax year
2023
Filed
15 February 2025
IRS schema version
2023v6.0
Source object
202530489349301828

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