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Nonprofiteer
← GRANDFATHER COMMUNITY FOUNDATION INC

Form 990 for tax year 2024

Filed by GRANDFATHER COMMUNITY FOUNDATION INC.

Totals

Total revenue
$1,940,625
Total expenses
$1,118,833
Contributions and grants received
$1,944,152
Grants paid
$1,059,265
Program service revenue
$0
Investment income
$30,757
Other revenue
-$34,284
Total assets, end of year
$1,342,620
Total liabilities, end of year
$4,706
Net assets or fund balances, end of year
$1,337,914
Program services expenses (Part IX)
$1,092,226
Management and general expenses
$26,607
Fundraising expenses
$0
Program service expenses (Part III)
$1,092,226

Program services were 97.6% 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.

  • 1c · Fundraising events

    $301,998

  • 1f · All other contributions, gifts and grants

    $1,642,154

  • 1g · Noncash contributions included above

    $131,824

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $30,757 · excluded $30,757

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $301,998

  • 8b · Fundraising events: direct expenses

    $34,284

  • 8c · Net income from fundraising events

    total -$34,284 · excluded -$34,284

  • 11a · Other revenue: WEBSITE

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $697,943 · program services $697,943

  • 2 · Grants to domestic individuals

    total $361,322 · program services $361,322

  • 11a · Fees: management

    total $23,707 · management and general $23,707

  • 11b · Fees: legal

    total $2,900 · management and general $2,900

  • 11g · Fees: other

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

  • 12 · Advertising and promotion

    total $6,872 · program services $6,872

  • 13 · Office expenses

    total $93 · program services $93

  • 17 · Travel

    total $560 · program services $560

  • 22 · Depreciation, depletion and amortization

    total $5,803 · program services $5,803

  • 23 · Insurance

    total $1,287 · program services $1,287

  • 24a · Other expenses: BANK SERVICE CHARGE

    total $13,472 · program services $13,472

  • 24b · Other expenses: Miscellaneous

    total $1,944 · program services $1,944

  • 24c · Other expenses: FOOD

    total $1,882 · program services $1,882

  • 24d · Other expenses: SUPPLIES

    total $642 · program services $642

  • 24e · All other expenses

    total $406 · program services $406 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $500,151 · end of year $1,331,097

  • 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

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $400

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    end of year $11,123

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $954 · end of year $4,706

  • 27 · Net assets without donor restrictions

    beginning of year $499,196 · end of year $1,337,914

Mission and programs · 2024

Mission

TO IDENTIFY AVENUES FOR THE MEMBERS OF GRANDFATHER GOLF AND COUNTRY CLUB TO IMPROVE THE LIVES OF THE PEOPLE OF AVERY COUNTY AND MOBILIZE THE MEMBERS TO DO SO THROUGH EDUCATION AND SERVICE OPPORTUNITIES.

  • DUE TO THE NATURE OF THE COMMUNITY WITHIN AVERY COUNTY THERE ARE LIMITED EMPLOYMENT OPTIONS AND EMPLOYMENT OPTIONS ARE OFTEN SEASONAL IN NATURE. DUE TO THE HIGH LEVEL OF POVERTY WITHIN THE COMMUNITY AND LIMITED SEASONAL/EMPLOYMENT OPPORTUNITIES THE EMPLOYEE ASSISTANCE FUND WILL PROVIDE UP TO $2,000 IN ASSISTANCE TO INDIVIDUALS IN SITUATIONS OF FINANCIAL CRISIS. EXAMPLES OF REASONS FOR RECEIVING AN AWARD INCLUDE: RENT/MORTGAGE NEEDS, UTILITY PAYMENTS, FOOD, TRANSPORTATION, COSTLY MEDICAL EXPENSES NOT COVERED BY INSURANCE, FAMILY DEATH, CHANGES WITHIN THE FAMILY SITUATION, OR WITH EXPENSIVE REPAIRS. In the fall of 2024 Western North Carolina suffered severe impacts from Hurricane Helene. The Organization collected and distributed funds and goods in response to this event to support the community.

    Expenses $1,092,226 · Grants $1,059,265

As filed on the 2024 return.

Listed in Part VII

  • Charles Dunn

    President

    Total calculated
    $0
    Hours/week
    1

  • Emily Harry

    Vice PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Danehy

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Rex Job

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Adair Beutel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Secrest

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JENN Freno

    Director

    Total calculated
    $0
    Hours/week
    1

  • Joanna Roberts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Linda Turner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rob King

    DIRECTOR

    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.

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.1
Source object
202513149349300431

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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