2023-08-24T11:22:00-05:00 2022-12-31 440160260 FORVIS LLP 1829 EASTCHESTER DRIVE HIGH POINT NC 27265 990 2022-01-01 202953427 MARJORIE M AND LAWRENCE R BRADLEY ENDOWMENT FUND OF POLK COUNTY NC MARJ 8288595314 255 SOUTH TRADE STREET TRYON NC 287823707 SHERRY M CARTER BOARD CHAIR 8288595314 2023-08-21 1 SHERRY CARTER 999009999 0 BRIAN L DOUD P01748393 3368895156 2023-08-21 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SHERRY M CARTER 255 SOUTH TRADE STREET TRYON NC 287823707 1961605 0 X N/A X 2005 NC TO GIVE GRANTS IN POLK COUNTY, NC FOR CHARITABLE, EDUCATIONAL, MEDICAL AND COMMUNITY BENEFIT PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) AND 170(C)(2) OF THE INTERNAL REVENUE CODE OF 1986 AND TO SUPPORT THE POLK COUNTY COMMUNITY FOUNDATION. 7 7 0 0 0 0 0 0 0 0 192426 130250 0 0 192426 130250 363002 816000 0 0 0 0 0 0 0 297951 265750 660953 1081750 -468527 -951500 12703939 10301383 0 0 12703939 10301383 TO GIVE GRANTS IN POLK COUNTY, NC FOR CHARITABLE, EDUCATIONAL, MEDICAL AND COMMUNITY BENEFIT PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) AND 170(C)(2) OF THE INTERNAL REVENUE CODE OF 1986 AND TO SUPPORT THE POLK COUNTY COMMUNITY FOUNDATION. 0 0 816000 816000 THE POLK COUNTY COMMUNITY FOUNDATION (PCCF) DISTRIBUTED GRANTS IN THE NAME OF THE MARJORIE M. AND LAWRENCE R. BRADLEY ENDOWMENT FUND OF POLK COUNTY, NORTH CAROLINA (BRADLEY FUND). THESE GRANTS SUPPORTED THE PCCF UNRESTRICTED FUND AWARDS, SCHOLARSHIPS AND BRADLEY COMMUNITY BENEFIT GRANTS WHICH ARE RECOMMENDED BY THE BRADLEY FUND BOARD AND DISTRIBUTED TO THE COMMUNITY BY PCCF ON BEHALF OF THE BRADLEY FUND BOARD. 8875 THE ENDOWMENT FUND INCURS EXPENSES TO MAINTAIN NATURE TRAILS FOR GENERAL PUBLIC USE ON ITS REAL PROPERTY. 824875 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X SARA BELL 8288595314 255 S TRADE STREET TRYON NC 28782 SHERRY M CARTER CHAIR 1.00 X X 0 0 0 A THOMAS JACKSON VICE CHAIR 1.00 X X 0 0 0 PETER FRANKLIN TREASURER 1.00 X X 0 0 0 MONICA E JONES SECRETARY 1.00 X X 0 0 0 DR FAITH WEATHINGTON DIRECTOR 1.00 X 0 0 0 PHILIP H BURRUS III DIRECTOR 1.00 X 0 0 0 DALE L MCENTIRE DIRECTOR 1.00 X 0 0 0 STACEY LINDSAY DIRECTOR 1.00 X 0 0 0 JAY GEDDINGS DIRECTOR 1.00 X 0 0 0 SARA BELL PRESIDENT & CEO 1.00 40.00 X 0 201250 27130 0 201250 27130 0 0 1 0 0 129341 129341 1832264 1831355 909 909 909 130250 130250 0 0 816000 816000 222866 222866 12986 12986 4999 4999 16024 16024 TRAIL MAINTENANCE 8875 8875 1081750 824875 256875 0 919107 892334 8537406 6002975 3247426 3406074 12703939 10301383 0 0 X 2005849 0 10698090 10301383 12703939 10301383 12703939 10301383 -951500 -1451056 0 X X 0 1 X 1 0 X X 1 POLK COUNTY COMMUNITY FOUNDATION 510168751 7 1 750000 0 1 750000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 10698090 10698090 10698090 10698090 10698090 10698090 10698090 10698090 10698090 10698090 1.00000 0 0 0 MUTUAL FUNDS 6002975 F 6002975 REAL ESTATE 3406074 C 3406074 X -1320806 -1451056 -1451056 130250 0 130250 1081750 0 1081750 0 1081750 PART X, LINE 2: THE FOUNDATION HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A CHARITABLE ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE FOUNDATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF DECEMBER 31, 2022 OR 2021. 0 TRYON LITTLE THEATER INC 516 SOUTH TRADE STREET TRYON NC 28782 566061468 501 (C) (3) 6000 0 SUSTAINABILITY POLK COUNTY SCHOOLS PO BOX 638 COLUMBUS NC 28722 566001098 GOVERNMENT 60000 0 SUSTAINABILITY POLK COUNTY COMMUNITY FOUNDATION 255 SOUTH TRADE STREET TRYON NC 28782 510168751 501 (C) (3) 750000 0 SUSTAINABILITY 0 0 0 0 0 0 0 0 0 SARA BELL PRESIDENT & CEO 0 175000 0 26250 0 0 0 26788 0 342 0 228380 0 0 PART I, LINE 3 THE RELATED ORGANIZATION CONDUCTS AN ANNUAL REVIEW OF THE CEO TO REVIEW PERFORMANCE AND GOALS. COMPENSATION PAID IS BASED ON MULTIPLE FACTORS INCLUDING COMPARISON CEO SALARIES FOR THE RESPONSIBILITIES AND EXPERTISE OF THE CEO. ALL COMPENSATION IS RECOMMENDED BY THE COMPENSATION COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS OF THE RELATED ORGANIZATION PRIOR TO THE START OF THE FISCAL YEAR. FORM 990, PART VI, SECTION A, LINE 3 THE BRADLEY ENDOWMENT FUND DELEGATES MANAGEMENT DUTIES TO POLK COUNTY COMMUNITY FOUNDATION PER A MANAGEMENT FEE ARRANGEMENT BETWEEN THE ORGANIZATIONS. FORM 990, PART VI, SECTION B, LINE 11B ALL BOARD MEMBERS RECEIVE A COPY OF THE 990 TO REVIEW AND ANY COMMENTS OR QUESTIONS ARE DISCUSSED IN A BOARD MEETING BEFORE FILING THE 990. FORM 990, PART VI, SECTION B, LINE 12C THE NOMINATING COMMITTEE AND THE BOARD OF DIRECTORS DO NOT ALLOW ANY VOLUNTEERS WHO HAVE IMPERMISSIBLE CONFLICTS OF INTEREST TO SERVE THE BRADLEY ENDOWMENT FUND. POSSIBLE CONFLICTS OF INTEREST ARE DISCUSSED REGULARLY AT FULL BOARD MEETINGS AND NOTED IN THE MINUTES. THE SECRETARY, WHO PREPARES THE MINUTES AND ATTENDS ALL BOARD MEETINGS, KEEPS A RUNNING LIST OF ALL POTENTIAL CONFLICTS SO THESE CONFLICTS ARE RAISED AT THE APPROPRIATE TIMES BEFORE VOTING. ALL BOARD MEMBERS ARE AWARE OF THE POTENTIAL HARM OF ANY APPEARANCE OF IMPROPRIETY AND ALL DILIGENTLY SEEK TO MAKE SURE THAT THEIR OWN ACTIONS AND THE ACTIONS OF ALL OTHERS IN POSITIONS OF POTENTIAL POWER ARE BEYOND REPROACH. SIGNED CONFLICT OF INTEREST FORMS ARE REQUIRED FROM EVERY BOARD AND COMMITTEE MEMBER. FORM 990, PART VI, SECTION B, LINE 15 THE BRADLEY ENDOWMENT FUND DOES NOT HAVE ANY EMPLOYEES. THEREFORE, THERE IS NO NEED TO DETERMINE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS INCLUDING THE FORM 990 ARE AVAILABLE TO THE PUBLIC UPON REQUEST DURING THE NORMAL BUSINESS HOURS OF 9:00 - 4:00 MONDAY - THURSDAY AND 9:00 - 12:00 FRIDAY AT THE OFFICE OF THE POLK COUNTY COMMUNITY FOUNDATION, LOCATED AT 255 SOUTH TRADE STREET, TRYON, N.C. FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. BRADLEY FUND LLC 255 S TRADE STREET TRYON NC 28782 320524591 HOLD REAL ESTATE NC -153029 1288835 N/A SUNNY COMMUNITY VIEW LLC 255 S TRADE STREET TRYON NC 28782 300957000 HOLD REAL ESTATE NC -2151 424545 N/A COMMUNITY GREEN LLC 255 S TRADE STREET TRYON NC 28782 320509141 HOLD REAL ESTATE NC -6617 3168564 N/A POLK COUNTY COMMUNITY FOUNDATION 255 S TRADE STREET TRYON NC 28782 510168751 FOUNDATION NC 501(C)(3) LINE 7 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 POLK COUNTY COMMUNITY FOUNDATION R 222866 PERCENTAGE FEE FOR MANAGEMENT POLK COUNTY COMMUNITY FOUNDATION B 750000 CASH