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← DEERFIELD CHARITABLE FOUNDATION

Form 990 for tax year 2024

Filed by DEERFIELD CHARITABLE FOUNDATION.

Totals

Total revenue
$1,943,860
Total expenses
$1,534,193
Contributions and grants received
$418,032
Grants paid
$1,309,038
Program service revenue
$0
Investment income
$1,525,828
Other revenue
$0
Total assets, end of year
$19,462,046
Total liabilities, end of year
$2,186,370
Net assets or fund balances, end of year
$17,275,676
Program services expenses (Part IX)
$1,469,547
Management and general expenses
$64,646
Fundraising expenses
$0
Program service expenses (Part III)
$1,469,547

Program services were 95.8% 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.

  • 1f · All other contributions, gifts and grants

    $418,032

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $490,566 · excluded $490,566

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $1,035,262

  • 7c · Gain or loss

    securities $1,035,262 · other assets $0

  • 7d · Net gain or loss

    total $1,035,262 · excluded $1,035,262

  • 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 $1,309,038 · program services $1,309,038

  • 11f · Fees: investment management

    total $49,646 · management and general $49,646

  • 11g · Fees: other

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

  • 13 · Office expenses

    total $160,509 · program services $160,509

  • 19 · Conferences, conventions and meetings

    total $15,000 · management and general $15,000

  • 24e · All other expenses

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

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $550,069 · end of year $598,290

  • 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

  • 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

  • 11 · Investments: publicly traded securities

    beginning of year $17,092,052 · end of year $18,863,756

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $425,123 · end of year $800,500

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,565,076 · end of year $1,385,870

  • 27 · Net assets without donor restrictions

    beginning of year $13,420,886 · end of year $14,198,292

  • 28 · Net assets with donor restrictions

    beginning of year $2,231,036 · end of year $3,077,384

Mission and programs · 2024

Mission

WE EXIST TO NURTURE DEERFIELD'S SPIRIT OF GENEROSITY, ENRICHING THE LIVES OF RESIDENTS AND SHARING OUR RESOURCES WITH PEOPLE ACROSS WESTERN NORTH CAROLINA.

Activities or mission (Part I)

SUPPORTING ORGANIZATION - EXISTING TO NURTURE DEERFIELD'S SPIRIT OF GENEROSITY.

  • DEERFIELD CHARITABLE FOUNDATION WAS CREATED AS A SUPPORTING ORGANIZATION OF DEERFIELD EPISCOPAL RETIREMENT COMMUNITY. ITS PURPOSE IS TO ASSIST DEERFIELD AND ITS RESIDENTS IN PROVIDING SUPPORT TO THE COMMUNITY AND ENRICH THE LIVES OF DEERFIELD'S RESIDENTS AND SURROUNDING COMMUNITY.

    Expenses $1,469,547 · Grants $1,309,038

As filed on the 2024 return.

Listed in Part VII

  • Chris Dismukes

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Gene Carr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Glenn Mayes

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Rev Todd Donatelli

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Andy Strauss

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Joanne Brannon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Karen Wallace-Meigs

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Tim Kurtz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Libby Bush

    CEO

    Total calculated
    $509,757
    From this org
    $0
    From related orgs
    $459,251
    Other
    $50,506
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $374,231 related
    Bonus
    $0 + $85,020 related
    Other
    $0
    Deferred
    $0 + $33,777 related
    Nontaxable benefits
    $0 + $16,729 related
    Filer's total
    $0 + $509,757 related

  • Michelle Wooley

    EXECUTIVE DIRECTOR, DCF

    Total calculated
    $130,537
    From this org
    $0
    From related orgs
    $109,761
    Other
    $20,776
    Hours/week
    40

  • Robert Chandler

    CFO

    Total calculated
    $349,235
    From this org
    $0
    From related orgs
    $318,056
    Other
    $31,179
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $253,056 related
    Bonus
    $0 + $65,000 related
    Other
    $0
    Deferred
    $0 + $9,542 related
    Nontaxable benefits
    $0 + $21,637 related
    Filer's total
    $0 + $349,235 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN
ROBERT CHANDLER, CFO AND LIBBY BUSH, CEO PARTICIPATE IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN THROUGH A RELATED ORGANIZATION. THE BOARD INCLUDES THESE AMOUNTS IN THEIR ANNUAL COMPENSATION REVIEW AND APPROVAL PROCESS. DURING CALENDAR YEAR 2024, UNDER THE TERMS OF THE PLAN $0 WAS ACCRUED FOR ROBERT CHANDLER, CFO AND 20,000 WAS ACCRUED FOR LIBBY BUSH, CEO.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
17 August 2026
IRS schema version
2024v5.1
Source object
202642299349302349

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