2023-08-24T11:19:38-05:00 2022-12-31 440160260 FORVIS LLP 1829 EASTCHESTER DRIVE HIGH POINT NC 27265 990 2022-01-01 510168751 POLK COUNTY COMMUNITY FOUNDATION INC POLK 8288595314 255 SOUTH TRADE STREET TRYON NC 28782 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 28782 9102307 0 X WWW.POLKCCF.ORG X 1975 NC TO ADMINISTER FUNDS ENTRUSTED TO IT TO SUPPORT CHARITABLE, CULTURAL, EDUCATIONAL AND PUBLICLY BENEFICIAL CHARITABLE ACTIVITIES IN THE COMMUNITY CENTERED IN AND AROUND POLK COUNTY, N.C. 7 7 6 30 0 0 860045 2079172 0 0 1219378 902156 289900 266429 2369323 3247757 1486999 1610706 0 0 664284 675905 0 0 135181 156813 225422 2308096 2512033 61227 735724 66618195 56500870 4924495 3867528 61693700 52633342 X TO ADMINISTER FUNDS ENTRUSTED TO IT TO SUPPORT CHARITABLE, CULTURAL, EDUCATIONAL AND PUBLICLY BENEFICIAL ACTIVITIES IN THE COMMUNITY CENTERED IN AND AROUND POLK COUNTY, N.C. BOTH BY DIRECTLY EXPENDING SUMS FOR SUCH PURPOSES AND IN COOPERATION WITH INSTITUTIONS QUALIFIED TO CARRY OUT THESE OBJECTIVES MOST EFFICIENTLY. THE FOUNDATION WORKS WITH DONORS (BOTH INDIVIDUALS AND CHARITABLE ORGANIZATIONS) TO ESTABLISH FUNDS TO BENEFIT ONE OR MORE NAMED CHARITIES, TO ACCOMPLISH A CERTAIN OBJECTIVE (PROVIDE FOR CULTURAL EVENTS, ENCOURAGE THE DEVELOPMENT OF AGRICULTURE, PROVIDE FREE ACTIVITIES FOR YOUTH, IMPROVE CLASSROOM TEACHING, ETC.), TO AWARD SCHOLARSHIPS TO LOCAL STUDENTS, AND TO ALLOW THE BOARD OF THE POLK COUNTY COMMUNITY FOUNDATION TO ADDRESS THE NEEDS OF THE COMMUNITY AS THEY CHANGE FROM TIME TO TIME (UNRESTRICTED FUNDS). 0 0 1881068 1610706 1168585 THE COMMUNITY FOUNDATION IMPROVED THE QUALITY OF LIFE IN THE AREA CENTERED IN AND AROUND POLK COUNTY, N.C. BY AWARDING GRANTS FROM UNRESTRICTED FUNDS TO SUPPORT THE WORTHWHILE PROJECTS OF LOCAL NONPROFIT ORGANIZATIONS, GIVING VOCATIONAL AND COLLEGE SCHOLARSHIPS TO LOCAL STUDENTS, DISTRIBUTING ENDOWMENT FUND INCOME IN ACCORDANCE WITH GUIDELINES ESTABLISHED BY DONORS OR NONPROFITS AND MEMORIALIZED IN FUND AGREEMENTS, ADMINISTERING PLANNED GIVING PROGRAMS, PROVIDING A LIBRARY OF RESOURCES AND MEETING SPACES FOR NONPROFITS AND HELPING LOCAL NONPROFIT ORGANIZATIONS AND DONORS MEET THEIR CHARITABLE GOALS. THE FOUNDATION ADMINISTERS OVER 200 CHARITABLE FUNDS. 1881068 1 1 0 0 0 1 0 0 0 1 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 6 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 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 40.00 X 201250 0 27130 201250 0 27130 1 0 1 0 0 750000 1329172 2079172 897758 897758 5858948 5854550 4398 4398 4398 OTHER INCOME 561000 266429 266429 266429 3247757 1168585 0 0 1335475 1335475 275231 275231 201250 80500 80500 40250 213767 85507 85507 42753 92383 36953 36953 18477 168505 67402 67402 33701 8224 8224 40415 40415 58042 58042 66583 66583 5926 5926 22726 22726 23506 23506 2512033 1881068 495784 135181 200 200 336153 441925 160 185 858342 531365 331607 326977 65950075 55731583 66618195 56500870 12179 2897 4912316 3864631 4924495 3867528 X 27711824 23490317 33981876 29143025 61693700 52633342 66618195 56500870 X 735724 -10200781 404699 X X 0 1 X 1 0 X 3088871 356668 2331711 860045 2079172 8716467 3088871 356668 2331711 860045 2079172 8716467 3550530 5165937 1029056 1264985 880990 1098840 897758 5171629 13888096 0.37200 0.39260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13 120016 163009 399531 1 1 1 2534437 -321741 203143 2009553 0 10698090 10698090 10698090 10698090 10698090 10698090 10698090 10698090 10698090 10698090 1.00000 0 1 1 628301 326376 301925 129529 107091 22438 100512 97898 2614 326977 MUTUAL FUNDS 55731583 F 55731583 DUE TO OTHER ORGANIZATIONS 2541867 TRUST LIABILITY 1322764 3864631 X -6549180 -10200781 403844 -9796937 3247757 0 3247757 2511178 0 2511178 855 855 2512033 PART IV, LINE 1B: THE ORGANIZATION IS TRUSTEE TO SEVERAL CHARITABLE REMAINDER TRUSTS IN WHICH IT IS NOT NAMED AS AN IRREVOCABLE BENEFICIARY. EACH TRUST HAS FILED FORM 1041 FOR THE YEAR. PART V, LINE 4: 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 SUPPORT THE POLK COUNTY COMMUNITY FOUNDATION. 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT INTEREST 403,844. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES FROM CHARITABLE REMAINDER TRUST AND OTHER TRUSTS REPORTED ON TRUST 855. 1 ST LUKE'S HOSPITAL 101 HOSPITAL DRIVE COLUMBUS NC 28722 560554222 501 (C) (3) 8000 0 GENERAL OPERATING EXPENSES FOR THE HOSPITAL TRYON CONCERT ASSOCIATION PO BOX 32 TRYON NC 28782 300356647 501 (C) (3) 16500 0 CONCERTS TRYON GARDEN CLUB INC PO BOX 245 TRYON NC 28782 560850156 501 (C) (3) 11946 0 PEARSON'S FALLS PARK ROTARY CLUB OF TRYON FOUNDATION PO BOX 923 TRYON NC 28782 223832590 501 (C) (3) 12500 0 GRANT FROM ROTARY'S ENDOWMENT SCHOLARSHIP FUND TRYON PRESBYTERIAN CHURCH 430 HARMON FIELD ROAD TRYON NC 28782 560746008 CHURCH 6700 0 DONOR ADVISED FUND GRANTS AND ENDOWMENT FUND PAYOUTS STEPS TO HOPE INC PO BOX 518 COLUMBUS NC 28722 561484890 501 (C) (3) 55010 0 SHELTER FOR DOMESTIC VIOLENCE VICTIMS AND COMMUNITY PROGRAMS ST LUKE'S HOSPITAL FOUNDATION 89 WEST MILLS STREET SUITE B COLUMBUS NC 28722 561757097 501 (C) (3) 151733 0 TO SUPPORT ST. LUKE'S HOSPITAL FOUNDATION WHICH IN TURN SUPPORTS ST. LUKE'S HOSPITAL AND PROMOTES LOCAL HEALTH ROSELAND COMMUNITY CENTER PO BOX 83 TRYON NC 28782 560993404 501 (C) (3) 8900 0 SUSTAINABILITY POLK COUNTY GOVERNMENT PO BOX 308 COLUMBUS NC 28722 566000333 GOVERNMENT 8424 0 FARMERS MARKETS, AMERICORPS TRAILS, & SOCCER CAMP SALUDA COMMUNITY LAND TRUST INC PO BOX 732 SALUDA NC 28722 208869652 501 (C) (3) 39650 0 LAND CONSERVATION IN THE GREATER SALUDA AREA FOOTHILLS HUMANE SOCIETY INC 989 LITTLE MOUNTAIN ROAD COLUMBUS NC 28722 581413121 501 (C) (3) 13010 0 SHELTER FOR ANIMALS - NEW FACILITIES LANIER LIBRARY ASSOCIATION 72 CHESTNUT STREET TRYON NC 28782 560582029 501 (C) (3) 89237 0 LIBRARY AND COMMUNITY CENTER FACILITIES, SUSTAINABILITY AND EVENTS TRYON PAINTERS & SCULPTORS PO BOX 384 TRYON NC 28782 237057270 501 (C) (3) 41450 0 ART GALLERY AND CLASSES UNITY IN THE COMMUNITY 5620 PEA RIDGE ROAD RUTHERFORDTON NC 28139 611765021 501 (C) (3) 13500 0 FREE COMMUNITY EVENTS FOR YOUTH AND ADULTS EPISCOPAL CHURCH OF THE HOLY CROSS 150 MELROSE AVENUE TRYON NC 28782 560559095 CHURCH 96500 0 DONOR ADVISED FUND GRANTS AND ENDOWMENT FUND PAYOUTS TRYON LITTLE THEATRE INC PO BOX 654 TRYON NC 28782 566061468 501 (C) (3) 39059 0 COMMUNITY THEATER AND SUNNYDALE COMMUNITY CENTER POLK COUNTY SCHOOLS PO BOX 638 COLUMBUS NC 28722 566001098 GOVERNMENT 76388 0 AFTER SCHOOL PROGRAMS, BAND, MENTORING; TEACHERS' CONFERENCES TRYON ARTS AND CRAFTS INC 373 HARMON FIELD ROAD TRYON NC 28782 560946889 501 (C) (3) 102340 0 COMMUNITY ART FACILITY (SOLAR PANELS, FREE CLASSES, SUSTAINABILITY) UPSTAIRS ARTSPACE PO BOX 553 TRYON NC 28782 581379476 501 (C) (3) 71300 0 CONTEMPORARY ART GALLERY & EVENTS FENCE 3381 HUNTING COUNTRY ROAD TRYON NC 28782 581596812 501 (C) (3) 182229 0 400+ ACRE NATURAL FACILITY FOR NATURE AND EQUESTRIAN (SOLAR PANELS, SUSTAINABILITY) THERMAL BELT OUTREACH MINISTRY INC PO BOX 834 COLUMBUS NC 28722 561793796 501 (C) (3) 121000 0 FOOD, HOUSING, MEDICAL, & HOME REPAIR FOR THOSE IN NEED TRYON FINE ARTS CENTER 34 MELROSE AVENUE TRYON NC 28782 566086694 501 (C) (3) 126496 0 COMMUNITY ARTS CENTER (ROOF, MAJOR FACILITY EXPANSION) CHILDREN'S THEATER FESTIVAL PO BOX 422 TRYON NC 28782 271131837 501 (C) (3) 20560 0 SUSTAINABILITY GRANT FOR OPERATING SUPPORT, SUPPORT FOR SUPER SATURDAY UNC- CHAPEL HILL 103 SOUTH BUILDING CAMPUS BOX 9100 CHAPEL HILL NC 27599 566001393 501 (C) (3) 20000 0 CAROLINA COLLEGE ADVISING CORPS - PC ACTS LEGACY FOUNDATION INC 420 DELAWARE DRIVE FT WASHINGTON PA 19034 912161987 501 (C) (3) 8780 0 GENERAL SUPPORT HABITAT FOR HUMANITY 1111 KEITH STREET HENDERSONVILLE NC 28792 561642263 501 (C) (3) 5300 0 GENERAL SUPPORT CITY OF LANDRUM 100 N SHAMROCK AVENUE LANDRUM SC 29356 576001419 501 (C) (3) 7300 0 GENERAL SUPPORT POLK COUNTY 4-H & YOUTH FOUNDATION INC PO BOX 187 COLUMBUS NC 28782 566049531 501 (C) (3) 7148 0 GENERAL SUPPORT SALUDA POP-UP PANTRY PO BOX 428 SALUDA NC 28773 854044389 501 (C) (3) 7500 0 GENERAL SUPPORT UNITARIAN UNVERSALIST FELLOWSHIP 24 FARNSWORTH STREET BOSTON MA 02110 042103733 501 (C) (3) 10000 0 GENERAL SUPPORT SCHOLARSHIPS 76 275230 SCHOLARSHIPS FOR HIGH SCHOOL SENIORS; ADULT BACK TO SCHOOL PART I, LINE 2: COMPETITIVE GRANT AWARDS: WRITTEN GRANT APPLICATIONS ARE SUBMITTED TO A FOUNDATION COMMITTEE COMPOSED OF COMMUNITY VOLUNTEERS WHO SERVE 3 YEAR TERMS. THE COMMITTEE REVIEWS DETAILED FINANCIAL AND MANAGEMENT INFORMATION AND CONDUCTS INTERVIEWS TO FULLY UNDERSTAND THE PROPOSED PROJECT AND APPLICANT. GRANT REPORTS ARE REQUIRED. GRANTS ARE MADE TO LOCAL 501(C)(3) ORGANIZATIONS AND UNITS OF GOVERNMENT. GRANT COMMITTEES SUBMIT THEIR RECOMMENDATIONS TO THE BOARD WHICH PROVIDES OVERSIGHT, CHECKS FOR CONFLICTS AND APPROVES GRANTS. NON-COMPETITIVE GRANT AWARDS AND DONOR ADVISED FUND GRANTS: THESE GRANTS ARE MADE TO 501(C)(3) ORGANIZATIONS, CHURCHES AND UNITS OF GOVERNMENT. INFORMATION REGARDING ALL NEW RECIPIENTS OF DONOR ADVISED FUND GRANTS IS EXAMINED BY A COMMITTEE AND THEN THE BOARD VOTES ON THE COMMITTEE'S RECOMMENDATION. THE BOARD ANNUALLY REVIEWS AND RATIFIES ALL DONOR ADVISED FUND GRANTS. DONORS AND CHARITABLE RECIPIENTS CONFIRM THAT THE DONORS DO NOT RECEIVE ANY PERSONAL BENEFITS FROM DONOR ADVISED FUND GRANTS AND THE GRANTS ARE NOT TO SATISFY PLEDGES. CONFIRMATION OF STATUS: WE KEEP ON FILE THE IRS DETERMINATION / 501(C)(3) LETTERS FROM ALL ORGANIZATIONS RECEIVING GRANTS AND CHECK THE IRS WEBSITE FOR UPDATES BEFORE DISBURSING GRANTS. X 0 0 X X X X X 0 0 0 0 0 0 0 0 0 SARA BELL PRESIDENT & CEO 175000 0 26250 0 0 0 26788 0 342 0 228380 0 0 0 PART I, LINE 1A YEAR-END BONUSES WERE GROSSED UP TO $4,000 NET. 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 POLK COUNTY COMMUNITY FOUNDATION, INC. 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. COMMITTEE MEMBERS WHO MAKE GRANT RECOMMENDATIONS TO THE BOARD FOR ITS APPROVAL ARE NOT PERMITTED TO PARTICIPATE IN THE PROCESS IF THEY HAVE CONFLICTS. CONFLICT CHECKS ARE ROUTINE AND TEST FOR BOTH ACTUAL AND THE APPEARANCE OF CONFLICTS. WRITTEN AND SIGNED CONFLICT OF INTEREST FORMS ARE REQUIRED FROM EVERY BOARD AND COMMITTEE MEMBER. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION COMMITTEE IS COMPRISED OF THE FOUR OFFICERS OF THE BOARD OF DIRECTORS. THIS COMMITTEE EVALUATES CEO COMPENSATION IN THESE WAYS: COMPARISON OF TOP MANAGEMENT COMPENSATION AND RESPONSIBLITIES OF OTHER SIMILAR ORGANIZATIONS IN THE REGION; EVALUATION OF CEO'S EDUCATION, PROFESSIONAL EXPERIENCE, AND RESPONSIBLITIES; AND REVIEW AND COMPARISON OF NATIONAL AND STATE PUBLICATIONS REGARDING NON-PROFIT CEO 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 XI, LINE 9: CHANGE IN SPLIT INTEREST 403,844. EXPENSES FROM CRT AND OTHER TRUSTS REPORTED ON TRUST RETURN 855. FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. MARJORIE M AND LAWRENCE R BRADLEY ENDOWMENT FUND OF POLK COUNTY NC 255 SOUTH TRADE STREET TRYON NC 28782 202953427 SUPPORT ORGANIZATION NC 501(C)(3) LINE 12A, I N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 MARJORIE M AND LAWRENCE R BRADLEY ENDOWMENT S 222866 PERCENTAGE FEE FOR MANAGEMENT MARJORIE M AND LAWRENCE R BRADLEY ENDOWMENT C 750000 CASH