THE KORNERS FOLLY FOUNDATION

As filed

Subsection

03

NTEE code

A80Z

Classification

2000

Street

413 S MAIN ST

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• THE KORNER'S FOLLY FOUNDATION PRESERVES, INTERPRETS, AND SHARES KORNER'S FOLLY, A DESIGNATED LOCAL HISTORIC LANDMARK LISTED ON THE NATIONAL REGISTER OF HISTORIC PLACES, THROUGH HISTORIC PRESERVATION, EDUCATION, PUBLIC ENGAGEMENT, AND TOURISM COLLABORATION. THE FOUNDATION STEWARDS THE HISTORIC HOUSE, ITS COLLECTIONS, AND THE ARTISTIC LEGACY OF DESIGNER, DECORATOR, AND ENTREPRENEUR JULIE GILMER KORNER, WHILE INTERPRETING THE LIVES AND CONTRIBUTIONS OF THE KORNER FAMILY AND THE BROADER HISTORICAL, ARCHITECTURAL, AND CULTURAL CONTEXT IN WHICH THEY LIVED AND WORKED.THE FOUNDATION PROVIDES SELF-GUIDED AND GUIDED TOURS, SCHOOL PROGRAMS, EXHIBITIONS, PUBLIC LECTURES, CONCERTS, WORKSHOPS, COMMUNITY FESTIVALS, AND PRESERVATION INITIATIVES THAT FOSTER APPRECIATION FOR ARCHITECTURE, DECORATIVE ARTS, LOCAL HISTORY, AND TRADITIONAL TRADES. THROUGH PARTNERSHIPS WITH EDUCATIONAL INSTITUTIONS, CIVIC ORGANIZATIONS, LOCAL GOVERNMENTS, TOURISM AGENCIES, AND COMMUNITY GROUPS, THE FOUNDATION EXPANDS ACCESS TO CULTURAL RESOURCES WHILE SUPPORTING HERITAGE TOURISM AND ECONOMIC VITALITY THROUGHOUT KERNERSVILLE AND THE SURROUNDING REGION.DURING THE FISCAL YEAR, THE FOUNDATION WELCOMED MORE THAN 16,000 VISITORS AND PROGRAM PARTICIPANTS ACROSS ITS CAMPUS AND VISITORS CENTER, CONTINUED RESTORATION AND PRESERVATION PROJECTS, EXPANDED EDUCATIONAL PROGRAMMING, STRENGTHENED REGIONAL TOURISM PARTNERSHIPS, AND MAINTAINED THE HIGHEST LEVEL OF PUBLIC VISITATION IN THE ORGANIZATION'S HISTORY.

  Expenses $428,952 · Revenue $159,757

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $392,141

  Expenses

  $562,420

  Contributions

  $177,920

  Grants paid

  $0

• 2023

  Revenue

  $1,093,873

  Expenses

  $1,905,406

  Contributions

  $952,547

  Grants paid

  $0

• 2022

  Revenue

  $1,671,982

  Expenses

  $266,786

  Contributions

  $1,519,994

  Grants paid

  $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $424,989

  Expenses

  $288,971

  Assets (EOY)

  $1,167,749

• 2020 · 990

  Revenue

  $504,003

  Expenses

  $239,239

  Assets (EOY)

  $1,029,625

• 2019 · 990

  Revenue

  $588,191

  Expenses

  $354,777

  Assets (EOY)

  $791,555

• 2018 · 990

  Revenue

  $303,986

  Expenses

  $267,945

  Assets (EOY)

  $529,832

• 2017 · 990

  Revenue

  $400,663

  Expenses

  $240,940

  Assets (EOY)

  $492,934

• 2016 · 990

  Revenue

  $221,020

  Expenses

  $236,745

  Assets (EOY)

  $333,972

• 2015 · 990-EZ

  Revenue

  $190,687

  Expenses

  $169,423

  Assets (EOY)

  $350,381

• 2014 · 990

  Revenue

  $206,428

  Expenses

  $304,792

  Assets (EOY)

  $328,258

• 2013 · 990

  Revenue

  $500,736

  Expenses

  $475,127

  Assets (EOY)

  $425,799

• 2011 · 990

  Revenue

  — not reported

  Expenses

  $226,472

  Assets (EOY)

  $409,319

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

• KERNSVILLE FOUNDATION INC

  $129,500

  2023 · LOCAL COMMUNITY PROJECTS

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $27,150

  2022 · For grant recipient's exempt purposes

• WINSTON-SALEM FOUNDATION

  $25,200

  2024 · 2 grant(s) for varying purposes

• KERNSVILLE FOUNDATION INC

  $15,825

  2022 · SUPPORT FOR LOCAL HISTORICAL GROUP

• ARTS COUNCIL INCORPORATED WINSTON-SALEM ARTS COUNCIL

  $13,047

  2022 · OPERATING ASSISTANCE

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $5,050

  2024 · For grant recipient's exempt purposes

• KERNSVILLE FOUNDATION INC

  — no cash amount reported

  2024 · 18350

Other IRS files