Marjorie M & Lawrence R Bradley Endowment Fund Of Polk County N Ca
- Assets
- $12.7m
- Revenue
- $192.4k
- Investments
- $8.5m
- Employees
- 0
- Location
- Tryon, NC
- Founding
- 01/2007
- Data as of
- 12/2021
- EIN
- 20-2953427
Organization Overview
Marjorie M & Lawrence R Bradley Endowment Fund Of Polk County N Ca is located in Tryon, NC. The organization was established in 2007. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marjorie M & Lawrence R Bradley Endowment Fund Of Polk County N CA is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Marjorie M & Lawrence R Bradley Endowment Fund Of Polk County N CA generated $192.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $661.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Marjorie M & Lawrence R Bradley Endowment Fund Of Polk County N CA has awarded 12 individual grants totaling $648,570. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
THE ENDOWMENT FUND INCURS EXPENSES TO MAINTAIN NATURE TRAILS FOR GENERAL PUBLIC USE ON ITS REAL PROPERTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherry M Carter Chair | OfficerTrustee | 1 | $0 |
A Thomas Jackson Vice Chair | OfficerTrustee | 1 | $0 |
Peter Franklin Treasurer | OfficerTrustee | 1 | $0 |
Carol E Jackson Treasurer | OfficerTrustee | 1 | $0 |
Sara Bell President & CEO | Officer | 1 | $0 |
Elizabeth Nager President & CEO | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $174,123 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,303 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $192,426 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $363,002 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $247,902 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,709 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,637 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,765 |
| All other expenses | $6,938 |
| Total functional expenses | $660,953 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $919,107 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $8,537,406 |
| Investments—program-related | $3,247,426 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,703,939 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,005,849 |
| Net assets with donor restrictions | $10,698,090 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,703,939 |
Grants Awarded
Over the last fiscal year, Marjorie M & Lawrence R Bradley Endowment Fund Of Polk County N Ca has awarded $345,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Tryon, NC PURPOSE: SUSTAINABILITY | $135,000 |
Tryon, NC PURPOSE: SUSTAINABILITY | $35,000 |
Tryon, NC PURPOSE: SUSTAINABILITY | $35,000 |
Tryon, NC PURPOSE: SUSTAINABILITY | $35,000 |
Tryon, NC PURPOSE: SUSTAINABILITY | $35,000 |
Tryon, NC PURPOSE: SUSTAINABILITY | $35,000 |
Endowment Analysis
| Beg. Balance | $10,698,090 |
| Ending Balance | $10,698,090 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Illuminations Foundation Inc Alpharetta, GA | $6,093,722 | $37,103,304 |
A J Fletcher Foundation Raleigh, NC | $168,653,502 | $53,698,336 |
Hollingsworth Funds Inc Greenville, SC | $393,513,843 | $12,387,637 |
Cf Foundation Inc Atlanta, GA | $60,851,215 | $5,130,874 |
The David Belk Cannon Foundation Gastonia, NC | $0 | $4,765,855 |
World Poultry Foundation Inc Tucker, GA | $28,014,565 | $2,601,293 |
Seymour Family Foundation Irrev Charitable Trust Uad 12-21-15 Charlotte, NC | $3,421,952 | $6,290,943 |
Waterfall Foundation Inc Atlanta, GA | $17,781,141 | $467,284 |
Ted And Drama Russell Family Foundation Knoxville, TN | $97,704,141 | $6,828,732 |
Commonwealth Foundation V Richmond, VA | $38,532,929 | $6,620,642 |
Commonwealth Foundation Iv Richmond, VA | $38,533,029 | $6,621,693 |
R E B Foundation Richmond, VA | $74,287,615 | $7,129,947 |