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Nonprofiteer
← WALNUT COVE MEMBERS ASSOCIATION INC

Form 990 for tax year 2022

Filed by WALNUT COVE MEMBERS ASSOCIATION INC.

Totals

Total revenue
$535,790
Total expenses
$549,961
Contributions and grants received
$526,367
Grants paid
$540,000
Program service revenue
$0
Investment income
$1,087
Other revenue
$8,336
Total assets, end of year
$7,987
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$7,987
Program services expenses (Part IX)
$546,612
Management and general expenses
$3,349
Fundraising expenses
$0
Program service expenses (Part III)
$546,612

Program services were 99.4% 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.

  • 1b · Membership dues

    $56,172

  • 1c · Fundraising events

    $442,550

  • 1f · All other contributions, gifts and grants

    $27,645

  • 1g · Noncash contributions included above

    $2,513

  • 3 · Investment income

    total $735 · excluded $735

  • 7a · Gross sales of assets other than inventory

    securities $6,265

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

    securities $5,913

  • 7c · Gain or loss

    securities $352

  • 7d · Net gain or loss

    total $352 · excluded $352

  • 8a · Fundraising events: gross income

    $57,923

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

    $442,550

  • 8b · Fundraising events: direct expenses

    $49,587

  • 8c · Net income from fundraising events

    total $8,336 · excluded $8,336

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $540,000 · program services $540,000

  • 11c · Fees: accounting

    total $2,075 · management and general $2,075

  • 13 · Office expenses

    total $3,629 · program services $3,078 · management and general $551

  • 14 · Information technology

    total $3,927 · program services $3,534 · management and general $393

  • 23 · Insurance

    total $330 · management and general $330

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,358 · end of year $4,923

  • 2 · Savings and temporary cash investments

    beginning of year $12,400 · end of year $3,064

  • 27 · Net assets without donor restrictions

    beginning of year $18,758 · end of year $7,987

Mission and programs · 2022

Mission

THE WALNUT COVE MEMBERS ASSOCIATION (WCMA) IS AN ORGANIZATION OF CARING INDIVIDUALS WHO CONNECT WITH EACH OTHER TO STRENGTHEN AND SUPPORT NONPROFIT AGENCIES IN OUR LOCAL COMMUNITY.

Activities or mission (Part I)

LOCAL FUNDRAISING FOR PURPOSE OF MAKING CHARITABLE CONTRIBUTIONS TO LOCAL NONPROFIT ORGANIZATIONS

  • THE WALNUT COVE MEMBERS ASSOCIATION (WCMA) CONSISTS OF THE CLIFFS AT WALNUT COVE PROPERTY OWNERS WHO ARE INTERESTED IN SUPPORTING LOCAL NONPROFIT CHARITIES AND JOIN THE ORGANIZATION THROUGH ANNUAL TAX-DEDUCTIBLE MEMBERSHIP DUES. THE WCMA IS A 501(C)(3) NONPROFIT THAT RAISES MONEY THROUGH ANNUAL DUES, OTHER MEMBER AND CORPORATE DONATIONS, AND THE ANNUAL "WEEKEND OF GIVING" WHICH TRADITIONALLY INCLUDES A GOLF TOURNAMENT AND OTHER FUNDRAISING EVENTS. AT THE END OF EACH YEAR, THESE FUNDS ARE DISTRIBUTED TO A VARIETY OF LOCAL CHARITABLE ORGANIZATIONS BASED ON RECOMMENDATIONS SUBMITTED BY THE GRANT COMMITTEE TO THE BOARD OF DIRECTORS. ANY WCMA MEMBER ACTIVELY INVOLVED IN A CHARITY WHICH MEETS THE STATED GUIDELINES IS ENCOURAGED TO SUBMIT A GRANT REQUEST. THE WCMA IS MADE UP ENTIRELY OF UNPAID VOLUNTEERS COMMITTED TO MAKING SURE ALL AVAILABLE FUNDS GO DIRECTLY TO REPUTABLE LOCAL CHARITIES WHILE INCURRING MINIMAL OVERHEAD AND ADMINISTRATIVE EXPENSE. HISTORICALLY 98% OF ALL NET FUNDRAISING REVENUE HAS GONE DIRECTLY TO CHARITY. MEMBERSHIP IN THE WCMA SERVES A DUAL PURPOSE. NOT ONLY IS THE ORGANIZATION HELPING THOSE IN NEED WITHIN THE WESTERN NORTH CAROLINA COMMUNITY, BUT WE ARE ALSO SUPPORTING FRIENDS AND NEIGHBORS WHO ARE COMMITTED TO VOLUNTEERING FOR WORTHWHILE CAUSES. SINCE ITS 2007 INCEPTION, THE WCMA HAS AWARDED MORE THAN 410 GRANTS, TOTALING OVER 2,900,000 TO A DIVERSE RANGE OF NONPROFITS IN WESTERN NORTH CAROLINA. WCMA BEGAN WITH JUST 56 MEMBERS BUT OVER THE PAST FEW YEARS HAS GROWN TO MORE THAN 450 MEMBERS, MANY OF WHOM ARE ACTIVE VOLUNTEERS. WCMA' SERVICE TO THE COMMUNITY, ALONG WITH ITS GENEROUS DONATIONS, HAS MADE WALNUT COVE A VALUED AND RESPECTED PART OF THE WESTERN NORTH CAROLINA REGION. SEE SCHEDULE I FOR DETAIL ON SPECIFIC GRANTS MADE IN 2022.

    Expenses $546,612 · Grants $540,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • RON BILLINGS

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • MELBA TRACY

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • GLENN SIMPSON

    CO TREASURER

    Total calculated
    $0
    Hours/week
    5

  • JOSEPH TANNER

    CO-TREASURER

    Total calculated
    $0
    Hours/week
    5

  • NANCY FREDIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • SIERRA PATURALSKI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • CAL REYNOLDS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • JANE SEAMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • VAL SINGER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • CATHY SNYDER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

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
2022
Filed
5 July 2023
IRS schema version
2022v5.0
Source object
202321869349300527

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

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