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Nonprofiteer
← BIG ROCK FOUNDATION INC

Form 990 for tax year 2024

Filed by BIG ROCK FOUNDATION INC.

Totals

Total revenue
$938,635
Total expenses
$293,375
Contributions and grants received
$643,621
Grants paid
$139,500
Program service revenue
$0
Investment income
$202,752
Other revenue
$92,262
Total assets, end of year
$6,246,726
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$6,246,726
Program services expenses (Part IX)
$259,741
Management and general expenses
$33,634
Fundraising expenses
$0
Program service expenses (Part III)
$259,741

Program services were 88.5% 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.

  • 1d · Related organizations

    $525,000

  • 1f · All other contributions, gifts and grants

    $118,621

  • 3 · Investment income

    total $112,679 · excluded $112,679

  • 6a · Gross rents

    real property $69,263

  • 6b · Less rental expenses

    real property $20,456

  • 6c · Rental income or loss

    real property $48,807

  • 6d · Net rental income or loss

    total $48,807 · excluded $48,807

  • 7a · Gross sales of assets other than inventory

    securities $5,631,521

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

    securities $5,541,448

  • 7c · Gain or loss

    securities $90,073

  • 7d · Net gain or loss

    total $90,073 · excluded $90,073

  • 8a · Fundraising events: gross income

    $43,455

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $43,455 · excluded $43,455

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $139,500 · program services $139,500

  • 11c · Fees: accounting

    total $5,483 · program services $5,483

  • 11f · Fees: investment management

    total $33,634 · management and general $33,634

  • 13 · Office expenses

    total $234 · program services $234

  • 24a · Other expenses: BIG ROCK BOOK

    total $114,524 · program services $114,524

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year -$1

  • 2 · Savings and temporary cash investments

    beginning of year $196,851 · end of year $861,901

  • 4 · Accounts receivable

    beginning of year $120

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

    $2,343,972

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

    $194,135

  • 10c · Land, buildings and equipment, net

    beginning of year $2,170,293 · end of year $2,149,837

  • 11 · Investments: publicly traded securities

    beginning of year $3,234,202 · end of year $3,234,989

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $5,601,466 · end of year $6,246,726

Listed in Part VII

  • DALE BRITT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD CROWE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RANDY RAMSEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CASEY WAGNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JIM BAILEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HOWARD BASNIGHT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DEW FORBES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JACK JORDAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BILLY KORNEGAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CURTIS STRANGE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROGER CROWE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LES COLLINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • EMERY IVEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRENT GASKILL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOY BELL

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • MIKE THOMPSON

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • TOMMY BENNETT

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • CAROLINE PETRILLI

    SECRETARY

    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.

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.

  • CRYSTAL COAST TOURNAMENT

    501(C)(3) · RAISING FDS FOR CHARITABLE ORGS WHO WORK FOR CHILDREN & FISH PRESERVATION · NC

    Directly controlled by BIG ROCK ROUNDATION INC

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • BRF HOLDINGS LLC

    REAL ESTATE HOLDINGS · NC · income $69,263 · assets $870,359

    Directly controlled by BIG ROCK FOUNDATION INC

  • 713 EVANS ST LLC

    REAL ESTATE HOLDINGS · NC · assets $1,279,478

    Directly controlled by BIG ROCK FOUNDATION INC

Provenance

Return type
form_990
Tax year
2024
IRS schema version
2024v5.5
Source object
202612589349301101

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