2025-04-29T13:16:38+00:00 2023-12-31 440160260 Forvis Mazars LLP 1829 Eastchester Drive High Point NC 27265 990 2023-01-01 202953427 Marjorie M & Lawrence R Bradley Endowment Fund MARJ 8288595314 255 South Trade Street Tryon NC 28782 Sherry M Carter Board Chair 2025-04-29 true Brian L Doud P01748393 3368895156 2025-04-29 2023 2025-03-06 01:10:19Z Sherry M Carter 255 South Trade Street Tryon NC 28782 2733636 false X 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. 8 8 0 9 0 0 34500 0 130250 234331 0 130250 268831 816000 0 0 0 0 0 0 0 265750 309354 1081750 309354 -951500 -40523 10301383 11087417 0 198 10301383 11087219 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. false false 34500 The endowment fund, through a grant provided by The Dogwood Health Trust, incurred expenses for the engineering and design of an affordable housing project and community park. 8875 The endowment fund incurs expenses to maintain nature trails for general public use on its real property. 43375 true true false false false false false false true false true true false false true false true false false false false false false false false false false false true false false false false false false false false false false false false true true false false false true 2 0 true 0 false false false false false false false false false false false false X 8 8 false true false false false false false true true false false true true true true true true true false X X Sara Bell 8288595314 255 South Trade Street Tryon NC 28782 A Thomas Jackson Vice Chair 1.0 1.0 X X 0 0 0 Monica E Jones Secretary 1.0 1.0 X X 0 0 0 Peter R Franklin Treasurer 1.0 1.0 X X 0 0 0 Sherry M Carter Chair 1.0 1.0 X X 0 0 0 Carolyn Gibson 1.0 1.0 X 0 0 0 Dale L McEntire 1.0 1.0 X 0 0 0 Stacey Lindsay 1.0 1.0 X 0 0 0 Susan S McHugh 1.0 1.0 X 0 0 0 Sara Barron Bell President & CEO 1.0 40.0 X 0 204134 40826 0 204134 40826 0 false true false 0 34500 34500 0 0 0 0 0 186584 186584 0 0 2512552 2464805 47747 0 47747 47747 0 0 0 0 0 268831 234331 0 0 213336 213336 24093 24093 0 0 0 0 12526 12526 16024 16024 Other Expenses 43375 43375 0 0 0 0 309354 43375 265979 0 892334 882024 0 0 0 0 0 0 6002975 6799319 3406074 3406074 0 0 10301383 11087417 198 0 0 0 0 198 389129 10301383 10698090 10301383 11087219 10301383 11087417 -40523 826359 0 X false true X true false X X 1 Polk County Community Foundation 510168751 7 true 0 0 1 0 0 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10698090 10698090 10698090 10698090 10698090 10698090 10698090 10698090 10698090 10698090 0.0 1.0 0.0 false false Mutual Funds 6799319 F 6799319 Real Estate 3406074 C 3406074 0 X 1095190 826359 0 826359 268831 0 0 268831 309354 0 0 309354 0 0 309354 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote 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, 2023 OR 2022. X X X X X false false false false false false false false false Sara Barron Bell President & CEO 0 171634 0 32500 0 0 0 40826 0 0 0 244960 0 0 Schedule J, 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, Line 3 Delegation of management duties The Bradley Endowment Fund delegates management duties to Polk County Community Foundation per a management fee arrangement between the organizations. Form 990, Part VI, Line 11b Review of form 990 by governing body 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, Line 12c Conflict of interest policy 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, Line 15a Process to establish compensation of top management official The Bradley Endowment Fund does not have any employees. Therefore, there is no need to determine compensation. Form 990, Part VI, Line 19 Required documents available to the public 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. Bradley Fund LLC 255 South Trade St Tryon NC 28782 320524591 Hold Real Estate NC 76291 1365324 NA Sunny Community View LLC 255 South Trade St Tryon NC 28782 300957000 Hold Real Estate NC -5270 419275 NA Community Green LLC 255 South Trade St Tryon NC 28782 320509141 Hold Real Estate NC 4802 3173366 NA Polk County Community Foundation 255 South Trade St Tryon NC 28782 510168751 Foundation NC 501(c)(3) 7 NA false false false false false false false false false false false false false true true false false true false Schedule R, Part V, Line 1r Name of Related Organization: Polk County Community Foundation Transaction Type: R Amount Involved: $213,336 Method of determining amount involved: Percentage fee for management