2025-06-30T07:25:24-05:00 2024-12-31 561706742 DAVIDSON HOLLAND WHITESELL & CO PLLC 209 13TH AVE PLACE NW SUITE 200 HICKORY NC 28601 990 2024-01-01 562170220 COMMUNITY FOUNDATION OF BURKE COUNTY COMM 8284377105 PO BOX 1156 MORGANTON NC 28680 SERINA T HINSON TREASURER 8284377105 2025-06-26 1 1 MATTHEW MCKINNEY P01707028 8283222070 2025-06-26 2024 2025-03-06 01:10:19Z SERINA T HINSON PO BOX 1156 MORGANTON NC 28680 16555322 0 X WWW.CFBURKECOUNTY.ORG X 1998 NC TO ENCOURAGE, DEVELOP, AND PARTICIPATE IN PHILANTHROPY BY PROVIDING FLEXIBLE GIVING OPPORTUNITIES, PROFESSIONAL SUPPORT, AND RESPONSIBLE STEWARDSHIP FOR THE BENEFIT OF DONORS AND QUALIFIED RECIPIENTS. 15 15 4 0 0 0 1607976 9282415 0 0 4612338 1949336 1622 155 6221936 11231906 2214511 2338582 0 0 318591 270812 0 0 76349 263427 296200 2796529 2905594 3425407 8326312 42800062 54368312 80667 59636 42719395 54308676 TO ENCOURAGE, DEVELOP, AND PARTICIPATE IN PHILANTHROPY BY PROVIDING FLEXIBLE GIVING OPPORTUNITIES, PROFESSIONAL SUPPORT, AND RESPONSIBLE STEWARDSHIP FOR THE BENEFIT OF DONORS AND QUALIFIED RECIPIENTS. 0 0 2729346 2338582 BEGINNING OPERATIONS IN 2000, THE COMMUNITY FOUNDATION OF BURKE COUNTY IS A NONPROFIT, TAX-EXEMPT ORGANIZATION AND RECEIVES GIFTS, ENDOWMENTS, AND BEQUESTS FROM INDIVIDUALS, FAMILIES, BUSINESSES, AND ORGANIZATIONS. THE ORGANIZATION USES DISTRIBUTIONS FROM THESE FUNDS TO MAKE GRANTS TO QUALIFIED CHARITABLE AGENCIES AND INSTITUTIONS PRIMARILY SERVING THE RESIDENTS OF BURKE COUNTY, NORTH CAROLINA. 2729346 1 1 0 0 0 1 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 8 0 1 4 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X X X JJ MUSGROVE 8284377105 PO BOX 1156 MORGANTON NC 28680 JOHN F BLACK JR DIRECTOR 1.00 X 0 0 0 RICHARD L DEAUGUSTINIS DIRECTOR 1.00 X 0 0 0 KELLE B HUFFMAN DIRECTOR 1.00 X 0 0 0 JOHN M HEILMAN DIRECTOR 1.00 X 0 0 0 CHRIS T BRITTAIN DIRECTOR 1.00 X 0 0 0 M ALAN LECROY DIRECTOR 1.00 X 0 0 0 ERIN KIZER DIRECTOR 1.00 X 0 0 0 DAVID A PARKER DIRECTOR 1.00 X 0 0 0 SERINA T HINSON DIRECTOR 1.00 X X 0 0 0 DAVID R WIESE DIRECTOR 1.00 X 0 0 0 SARA MOSES DIRECTOR 1.00 X 0 0 0 J MARK ROSTAN SECRETARY 1.00 X X 0 0 0 NAOMI W HUNT VICE CHAIRMAN 1.00 X X 0 0 0 JJ DAVID FLETCHER CHAIRMAN 1.00 X X 0 0 0 PASHENCE JOHNSON-SPARKS FINANCE DIRECTOR 40.00 X 24643 0 0 ELIZABETH ANDREWS TREASURER 1.00 X X 0 0 0 THERESA WATTERS CHIEF FINANCIAL OFFICER 40.00 X 50154 0 1536 JJ MUSGROVE PRESIDENT 40.00 X 128400 0 4350 203197 0 5886 1 0 0 0 0 9282415 487618 9282415 1137715 1137715 6135037 5323416 811621 811621 811621 MISCELLANEOUS INCOME 900099 155 155 155 11231906 0 0 1949491 X 2221146 2221146 117436 117436 209083 137949 13134 58000 28031 28031 17008 11906 145 4957 16690 11683 1059 3948 19432 19432 155744 155744 6312 6312 38297 38297 16500 16500 1508 1508 1590 1590 7006 7006 CONTRACTED SERVICES 31732 31732 OTHER 7683 4415 3268 DUES AND SUBSCRIPTIONS 3832 3832 POSTAGE 2363 1557 806 4201 1231 644 2326 2905594 2729346 99899 76349 27759 59258 1041743 2409550 3527 2447 1143 321 17894 7331 34432 3658 28996 30774 41656240 51835871 22760 22760 42800062 54368312 12048 9864 68619 49772 80667 59636 X 1503559 1902102 41215836 52406574 42719395 54308676 42800062 54368312 8326312 3262969 0 X X 0 1 X 1 0 X 1341676 1571600 13587890 1607976 9282415 27391557 1341676 1571600 13587890 1607976 9282415 27391557 639652 26751905 427552 501786 593639 1060353 1137715 3721045 718 3920 43 1622 155 6458 31119060 0.85970 0.82720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20 165 591025 8622462 388819 1803480 887667 53054102 1 1 41873697 8622462 4361423 1803480 53054102 37151735 1183374 5132679 1594091 41873697 30868014 13193036 -6097253 812062 37151735 26897786 1173926 3546990 750688 30868014 23435913 1877882 3546990 752355 26897786 0.01293 0.00547 0.98161 0 0 25500 25500 8932 3658 5274 30774 X 14339131 3262969 3262969 11076162 155744 155744 11231906 2749850 0 2749850 155744 155744 2905594 PART X, LINE 2: THE ORGANIZATION EVALUATES ITS UNCERTAIN TAX POSITIONS USING PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10-25, RECOGNITION OF A TAX POSITION. ACCORDINGLY, THE ORGANIZATION'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE ORGANIZATION, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION OF MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF THE END OF THE CURRENT AND PRIOR YEARS. TAX YEARS SUBSEQUENT TO 2013 REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS. SCHEDULE D, PAGE 2, PART V, LINE 4 THE ORGANIZATION'S EXEMPT PURPOSE IS TO MAINTAIN ENDOWMENTS AND OTHER FUNDS FOR THE PURPOSE OF DISTRIBUTION TO QUALIFIED RECIPIENTS. ENDOWMENTS PRESENTED ON PART V REPRESENT AN AGGREGATE OF SUCH FUNDS WHOSE INTENDED USES ARE GRANTS AND ASSISTANCE. PLEASE SEE 990 SCHEDULE I FOR A CURRENT YEAR LISTING OF SUCH GRANTS. SCHEDULE D, PAGE 4, PART XI, LINE 2D CHANGE IN THE VALUE OF LIFE INSURANCE POLICY IS 0. 1 AMOREM 902 KIRKWOOD STREET NW LENOIR NC 28645 561338470 3 29739 0 HEALTH ASU FOUNDATION ASU BOX 32064 BOONE NC 28608 237099379 3 61237 0 EDUCATION BLUE RIDGE COMMUNITY ACTION 800 N GREEN STREET MORGANTON NC 28655 560855390 3 38360 0 HUMAN SERVICES BURKE CHARTIABLE PROPERTIES INC PO BOX 642 MORGANTON NC 28680 562121201 3 21966 0 HUMAN SERVICES BURKE UNITED CHRISTIAN MINISTRIES 305-B WEST UNION STREET MORGANTON NC 28655 591771449 3 69564 0 HUMAN SERVICES DREXEL MUSEUM INC 213 SETTLEMYRE ROAD MORGANTON NC 28650 992887196 3 45000 0 EDUCATION FIRST UNITED METHODIST CHURCH - MORGANTON 200 NORTH KING STREET MORGANTON NC 28655 560554225 3 28859 0 RELIGION FIRST PRESBYTERIAN CHURCH - MORGANTON 100 SILVER CREEK ROAD MORGANTON NC 28655 560623927 3 95816 0 RELIGION FOOTHILLS CONSERVANCY OF NORTH CAROLINA INC PO BOX 3023 MORGANTON NC 28680 561947390 3 43599 0 ARTS, CULTURE AND HUMANITIES GOOD SAMARITAN CLINIC 500 EAST PARKER RD MORGANTON NC 28655 561939030 3 43401 0 HEALTH GROW WITH DREXEL PO BOX 177 DREXEL NC 28619 934624262 3 41147 0 ARTS, CULTURE AND HUMANITIES HABITAT FOR HUMANITY OF BURKE COUNTY INC PO BOX 352 MORGANTON NC 28680 561608119 3 25781 0 ARTS, CULTURE AND HUMANITIES HISTORY MUSEUM OF BURKE COUNTY PO BOX 416 MORGANTON NC 28680 134253836 3 21694 0 ARTS, CULTURE AND HUMANITIES NORTH CAROLINA SCHOOL FOR THE DEAF AT MORGANTON FOUNDATION INC PO BOX 1397 MORGANTON NC 28680 581995092 3 21743 0 EDUCATION OPEN HEARTS PLACE 201 SHADY REST RD MORGANTON NC 28655 844729940 3 24593 0 HUMAN SERVICES SOUTHMOUNTAIN CHILDREN AND FAMILY SERVICES INC PO BOX 3387 MORGANTON NC 28680 560672457 3 27744 0 HUMAN SERVICES WALDENSIAN HERITAGE FOUNDATION INC PO BOX 111 VALDESE NC 28690 882686374 3 109397 0 EDUCATION WALDENSIAN PRESBYTERIAN CHURCH OF VALDESE 109 MAIN STREET EAST VALDESE NC 28690 560554201 3 880618 0 RELIGION WESTERN PIEDMONT FOUNDATION INC 1001 BURKEMONT AVENUE MORGANTON NC 28655 237227728 3 31076 0 EDUCATION EDUCATION SCHOLARSHIPS 128 117436 SCHEDULE I, PG 1, PART I, LINE 2 GRANT RECIPIENTS ACKNOWLEDGE RECEIPT OF THE FUNDS AND EXPLAIN HOW THE FUNDS WILL BE USED WITH THE UNDERSTANDING THAT ANY PORTION NOT USED FOR CHARITABLE PURPOSES SHALL BE RETURNED TO THE ORGANIZATION. THE BOARD OF DIRECTORS HAS ESTABLISHED A GRANTS COMMITTEE CONSISTING OF THOSE PERSONS APPOINTED BY THE CHAIR. THE DUTY OF THE GRANTS COMMITTEE IS TO EXERCISE THOSE DUTIES AND RESPONSIBILITIES IN MAKING GRANTS PURSUANT TO THE GRANTMAKING POLICY OF THE FOUNDATION, INCLUDING MAKING GRANTS FROM DISCRETIONARY FUNDS AND DETERMINING THE ORGANIZATIONS TO WHICH FIELD OF INTEREST FUNDS ARE DISTRIBUTED. THE BOARD OF DIRECTORS HAS ESTABLISHED A SCHOLARSHIP COMMITTEE CONSISTING OF AT LEAST FOUR MEMBERS, INCLUDING ONE DIRECTOR AND SUCH ADDITIONAL MEMBERS AS MAY BE APPOINTED BY THE BOARD CHAIR. THE COMMITTEE HAS THE DUTY OF OVERSEEING AND MONITORING THE SCHOLARSHIPS GRANTED AND THE CRITERIA USED IN SELECTING SCHOLARSHIP RECIPIENTS. THE ORGANIZATION IS COMMITTED TO PROVIDING A FULL-SERVICE SCHOLARSHIP PROGRAM TO ITS DONORS, ADVISORY COMMITTEES AND AWARD RECIPIENTS. ALL POTENTIAL DONORS ARE REQUIRED TO ADHERE TO THE ORGANIZATION'S PUBLISHED POLICIES ON SCHOLARSHIP PROGRAMS, INCLUDING STRICT COMPLIANCE WITH TREASURY DEPARTMENT REGULATIONS GOVERNING COMMUNITY FOUNDATIONS. GIFTS MAY NOT BE DIRECTLY OR INDIRECTLY SUBJECTED BY A DONOR TO ANY MATERIAL RESTRICTION OR CONDITION THAT PREVENTS THE ORGANIZATION FROM FREELY AND EFFECTIVELY EMPLOYING THE TRANSFERRRED ASSETS OR THE INCOME DERIVED THEREFROM IN FURTHERANCE OF ITS EXEMPT PURPOSES. GIFTS FOR SCHOLARSHIP USE MAY NOT BE EARMARKED FOR SPECIFIC STUDENTS OR RESTRICTED TO A SMALL NUMBER OF POTENTIAL RECIPIENTS. X 6 487618 TRADING PRICE 0 1 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIR, VICE CHAIR, IMMEDIATE PAST CHAIR, AND OTHERS AS MAY BE DESIGNATED BY THE CHAIR AND APPROVED BY THE BOARD. THE DUTIES OF THE EXECUTIVE COMMITTEE ARE TO ADVISE THE CHAIR ON ALL CORPORATION BUSINESS, TO ACT ON BEHALF OF THE ORGANIZATION IN ANY SITUATION WHEN THE BOARD OF DIRECTORS CANNOT BE CONVENED, AND TO REVIEW ACTION OF ALL OTHER COMMITTEES. ALL ACTIONS OF THE EXECUTIVE COMMITTEE ARE REPORTED TO THE BOARD AT THE NEXT MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN WAS PREPARED BY AN INDEPENDENT ACCOUNTANT WITH ASSISTANCE AND OVERSIGHT BY MANAGEMENT. UPON COMPLETION AND REVIEW, THE RETURN WAS ELECTRONICALLY DELIVERED TO EACH VOTING BOARD MEMBER PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE DISTRIBUTED ANNUALLY TO ALL OFFICERS, DIRECTORS, VOLUNTEERS AND COMMITTEE MEMBERS. THESE FORMS ARE REVIEWED BY THE PRESIDENT / CEO AND MAINTAINED IN THE FOUNDATION OFFICE. THE PRESIDENT / CEO DISCLOSES TO THE BOARD HIS PARTICIPATION IN ALL BOARDS AND COMMITTEES FOR OTHER ORGANIZATIONS AND UPDATES THE BOARD IF THERE ARE ANY CHANGES. FORM 990, PART VI, SECTION B, LINE 15 THE PERSONNEL COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS COMPARATIVE SALARY AND BENEFITS. DATA SOURCES OF INFORMATION INCLUDE COF, THE NC CENTER FOR NONPROFITS, AND LOCAL COMPARATIVE DATA. THE GENERAL BENCHMARK IS FOUNDATIONS WITH COMPARABLE ASSETS LOCATED IN THE SOUTHEAST. THE PROCESS APPLIES TO BOTH THE PRESIDENT / CEO AND THE FINANCIAL DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S ADMINISTRATIVE OFFICE. IN ADDITION, THE FINANCIAL STATEMENTS AND THE FORM 990 ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART IX, LINE 24E PRINTING AND PUBLICATIONS : PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 2,326. TOTAL EXPENSES 2,326. TELEPHONE : PROGRAM SERVICE EXPENSES 1,231. MANAGEMENT AND GENERAL EXPENSES 526. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,757. MEALS AND ENTERTAINMENT : PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 118. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 118. FORM 990, PAGE 12, PART XII, LINE 2C THE RETURN WAS PREPARED BY AN INDEPENDENT ACCOUNTANT WITH ASSISTANCE AND OVERSIGHT BY MANAGEMENT. UPON COMPLETION AND REVIEW, THE RETURN WAS ELECTRONICALLY DELIVERED TO EACH VOTING BOARD MEMBER PRIOR TO SUBMISSION TO THE IRS.