Form 990 for tax year 2025
Filed by COMMUNITY FOUNDATION OF BURKE COUNTY.
Totals
- Total revenue
- $6,942,677
- Total expenses
- $2,723,150
- Contributions and grants received
- $4,866,719
- Grants paid
- $2,062,197
- Program service revenue
- $0
- Investment income
- $2,075,892
- Other revenue
- $66
- Total assets, end of year
- $63,961,192
- Total liabilities, end of year
- $44,606
- Net assets or fund balances, end of year
- $63,916,586
- Program services expenses (Part IX)
- $2,508,966
- Management and general expenses
- $147,799
- Fundraising expenses
- $66,385
- Program service expenses (Part III)
- $2,508,966
Program services were 92.1% 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.
-
1f · All other contributions, gifts and grants
$4,866,719
-
1g · Noncash contributions included above
$778,023
-
3 · Investment income
total $1,372,953 · excluded $1,372,953
-
7a · Gross sales of assets other than inventory
securities $6,371,670
-
7b · Less cost or other basis and sales expenses
securities $5,668,731
-
7c · Gain or loss
securities $702,939
-
7d · Net gain or loss
total $702,939 · excluded $702,939
-
11a · Other revenue: MISCELLANEOUS INCOME
total $66 · excluded $66
-
11e · Other revenue, total
$66
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,971,806 · program services $1,971,806
-
2 · Grants to domestic individuals
total $90,391 · program services $90,391
-
5 · Compensation of officers, directors and key employees
total $185,568 · program services $143,406 · fundraising $42,162
-
7 · Other salaries and wages
total $109,229 · program services $62,952 · management and general $46,277
-
9 · Other employee benefits
total $17,651 · program services $12,356 · management and general $2,797 · fundraising $2,498
-
10 · Payroll taxes
total $20,674 · program services $14,472 · management and general $3,198 · fundraising $3,004
-
11c · Fees: accounting
total $18,932 · management and general $18,932
-
11f · Fees: investment management
total $182,983 · program services $182,983
-
12 · Advertising and promotion
total $13,822 · fundraising $13,822
-
13 · Office expenses
total $42,580 · program services $5,732 · management and general $36,848
-
16 · Occupancy
total $16,500 · management and general $16,500
-
17 · Travel
total $14,304 · program services $14,304
-
22 · Depreciation, depletion and amortization
total $2,340 · management and general $2,340
-
23 · Insurance
total $8,181 · program services $1,127 · management and general $7,054
-
24a · Other expenses: OTHER
total $9,551 · program services $8,887 · management and general $664
-
24b · Other expenses: CONTRACT SERVICES
total $5,987 · management and general $5,987
-
24c · Other expenses: PRINTING AND PUBLICATIO
total $4,382 · management and general $291 · fundraising $4,091
-
24d · Other expenses: DUES AND SUBSCRIPTIONS
total $4,167 · management and general $4,167
-
24e · All other expenses
total $4,102 · program services $550 · management and general $2,744 · fundraising $808
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $59,258 · end of year $201,263
-
2 · Savings and temporary cash investments
beginning of year $2,409,550 · end of year $1,571,458
-
3 · Pledges and grants receivable
beginning of year $2,447 · end of year $120
-
4 · Accounts receivable
beginning of year $321 · end of year $310
-
9 · Prepaid expenses and deferred charges
beginning of year $7,331 · end of year $15,799
-
10a · Land, buildings and equipment: cost or other basis
$34,432
-
10b · Land, buildings and equipment: accumulated depreciation
$5,998
-
10c · Land, buildings and equipment, net
beginning of year $30,774 · end of year $28,434
-
11 · Investments: publicly traded securities
beginning of year $51,835,871 · end of year $62,124,403
-
15 · Other assets
beginning of year $22,760 · end of year $19,405
-
17 · Accounts payable and accrued expenses
beginning of year $9,864 · end of year $3,143
-
18 · Grants payable
beginning of year $49,772 · end of year $41,463
-
27 · Net assets without donor restrictions
beginning of year $1,902,102 · end of year $1,793,237
-
28 · Net assets with donor restrictions
beginning of year $52,406,574 · end of year $62,123,349
Mission and programs · 2025
Mission
TO ENCOURAGE, DEVELOP, AND PARTICIPATE IN PHILANTHROPY BY PROVIDING FLEXIBLE GIVING OPPORTUNITIES, PROFESSIONAL SUPPORT, AND RESPONSIBLE STEWARDSHIP FOR THE BENEFIT OF DONORS AND QUALIFIED RECIPIENTS.
-
BEGINNING OPERATIONS IN 2000, THE COMMUNITY FOUNDATION OF BURKE COUNTY IS A NONPROFIT, TAX-EXEMPT ORGANIZATION AND RECEIVES GIFTS, ENDOWMENTS, AND BEQUESTS FROM INDIVIDUALS, FAMILIES, BUSINESSES, AND ORGANIZATIONS. THE ORGANIZATION USES DISTRIBUTIONS FROM THESE FUNDS TO MAKE GRANTS TO QUALIFIED CHARITABLE AGENCIES AND INSTITUTIONS PRIMARILY SERVING THE RESIDENTS OF BURKE COUNTY, NORTH CAROLINA.
Expenses $2,508,966 · Grants $2,062,197
As filed on the 2025 return.
Listed in Part VII
-
Jordan GreeneJORDAN GREENE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Richard L DeaugustinisRICHARD L DEAUGUSTINIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kelle B HuffmanKELLE B HUFFMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John M HeilmanJOHN M HEILMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chris T BrittainCHRIS T BRITTAIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Amy KincaidAMY KINCAID
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Erin KizerERIN KIZER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David A ParkerDAVID A PARKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sara MosesSARA MOSES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David R WieseDAVID R WIESE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
J Mark RostanJ MARK ROSTAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Serina T HinsonSERINA T HINSON
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Naomi W HuntNAOMI W HUNT
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Jj David FletcherJJ DAVID FLETCHER
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Barbara J Wetsig-LynamBARBARA J WETSIG-LYNAM
PRESIDENT & CEO
- Total calculated
- $24,067
- From this org
- $23,150
- From related orgs
- $0
- Other
- $917
- Hours/week
- 40
-
Jj MusgroveJJ MUSGROVE
FORMER PRESIDENT
- Total calculated
- $119,339
- From this org
- $111,159
- From related orgs
- $0
- Other
- $8,180
- Hours/week
- 40
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
-
RELIGION
-
BURKE UNITED CHRISTIAN MINISTRIES
$272,676
HUMAN SERVICES
-
$135,000
ART, CULTURE AND HUMANITIES
-
WALDENSIAN HERITAGE FOUNDATION
$110,883
ART, CULTURE AND HUMANITIES
-
$70,683
HEALTH
-
FIRST PRESBYTERIAN CHURCH - MORGANTON
$64,944
RELIGION
-
$53,493
ART, CULTURE AND HUMANITIES
-
$41,000
ART, CULTURE AND HUMANITIES
-
HISTORY MUSEUM OF BURKE COUNTY
$39,673
ART, CULTURE AND HUMANITIES
-
$36,918
HEALTH
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 7 May 2026
- IRS schema version
- 2025v4.1
- Source object
- 202621289349300007
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