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← EPISCOPAL FOUNDATION OF WESTERN NORTH CAROLINA

Form 990 for tax year 2023

Filed by EPISCOPAL FOUNDATION OF WESTERN NORTH CAROLINA.

Totals

Total revenue
$106,754
Total expenses
$200,011
Contributions and grants received
$0
Grants paid
$184,630
Program service revenue
$0
Investment income
$106,754
Other revenue
$0
Total assets, end of year
$3,331,958
Total liabilities, end of year
$20,000
Net assets or fund balances, end of year
$3,311,958
Program services expenses (Part IX)
$197,227
Management and general expenses
$2,784
Fundraising expenses
$0
Program service expenses (Part III)
$197,227

Program services were 98.6% 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.

  • 3 · Investment income

    total $66,393 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $929,983

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

    securities $889,622

  • 7c · Gain or loss

    securities $40,361

  • 7d · Net gain or loss

    total $40,361 · related or exempt $40,361 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $184,630 · program services $184,630

  • 11c · Fees: accounting

    total $1,750 · program services $0 · management and general $1,750 · fundraising $0

  • 11f · Fees: investment management

    total $12,597 · program services $12,597 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $1,034 · program services $0 · management and general $1,034 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $118,144 · end of year $180,944

  • 11 · Investments: publicly traded securities

    beginning of year $2,968,438 · end of year $3,151,014

  • 18 · Grants payable

    end of year $20,000

  • 27 · Net assets without donor restrictions

    beginning of year $3,086,582 · end of year $3,311,958

Mission and programs · 2023

Mission

To foster, develop and contribute to the support of religious, educational and charitable work of the Episcopal Church Diocese of WNC and elsewhere through grants, loans and gifts to agency bodies affiliated with the Church.

  • The Episcopal Foundation of WNC is a nonprofit organization founded in 1962 to provide funds to needy parishes. In 2023, the Foundation provided twelve grants to Western North Carolina churhes. The funds were given to improve their properties allowing the entities to continue their vital ministries.

    Expenses $197,227 · Grants $184,630

As filed on the 2023 return.

Listed in Part VII

  • Sherree Brady

    President

    Total calculated
    $0
    Hours/week
    1

  • Paul Ormond

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Dillon Manly

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Kathy Ledbetter

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Lee Berger

    Member

    Total calculated
    $0
    Hours/week
    0.5

  • Jo Ann Hasskamp

    Member

    Total calculated
    $0
    Hours/week
    0.5

  • Stan Allison

    Member

    Total calculated
    $0
    Hours/week
    0.5

  • Dale Ward

    Member

    Total calculated
    $0
    Hours/week
    0.5

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

  • Parish of the Holy Communion

    $20,000

    Roofing/painting

  • St Matthias

    $20,000

    Schematics design

  • Church of the Holy Family

    $20,000

    Bldg maintenance/update

  • Church of the Messiah

    $20,000

    HVAC replacement

  • St Gabriels

    $20,000

    Kitchen upgrades

  • Valle Crucis

    $20,000

    Facility improvements

  • St John's

    $20,000

    Kitchen upgrades

  • St John's Church

    $15,000

    Parking lot, chimney

  • St Davids

    $10,000

    ADA compliance

  • Grace Church

    $7,500

    Stained glass repair

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

Provenance

Return type
form_990
Tax year
2023
Filed
8 August 2024
IRS schema version
2023v5.1
Source object
202422289349301707

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

The source document this was parsed from is served over the API, which is where bulk and document access live.