Polk County Community Foundation Inc

Organization Overview

Polk County Community Foundation Inc is located in Tryon, NC. The organization was established in 1975. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Polk County Community Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Polk County Community Foundation Inc 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 12/2022, Polk County Community Foundation Inc generated $3.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $2.5m during the year ending 12/2022. While expenses have increased by 3.0% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2019, Polk County Community Foundation Inc has awarded 115 individual grants totaling $5,774,602. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.


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Board, Officers & Key Employees

Name (title)Compensation
Sherry M Carter
Chair
$0
A Thomas Jackson
Vice Chair
$0
Peter Franklin
Treasurer
$0
Monica E Jones
Secretary
$0
Dr Faith Weathington
Director
$0
Philip H Burrus III
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$750,000
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,329,172
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,079,172
Total Program Service Revenue$0
Investment income $897,758
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,398
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,247,757

Grants Awarded

Over the last fiscal year, Polk County Community Foundation Inc has awarded $1,378,460 in support to 30 organizations.

Grant RecipientAmount

TRYON CONCERT ASSOCIATION

PURPOSE: CONCERTS

$16,500

ST LUKE'S HOSPITAL

PURPOSE: GENERAL OPERATING EXPENSES FOR THE HOSPITAL

$8,000

TRYON GARDEN CLUB INC

PURPOSE: PEARSON'S FALLS PARK

$11,946

ROTARY CLUB OF TRYON FOUNDATION

PURPOSE: GRANT FROM ROTARY'S ENDOWMENT SCHOLARSHIP FUND

$12,500

TRYON PRESBYTERIAN CHURCH

PURPOSE: DONOR ADVISED FUND GRANTS AND ENDOWMENT FUND PAYOUTS

$6,700

STEPS TO HOPE INC

PURPOSE: SHELTER FOR DOMESTIC VIOLENCE VICTIMS AND COMMUNITY PROGRAMS

$55,010
View Grant Profile

Peer Organizations

Organization NameAssets
Community Foundation Of The Chattahoochee Valley Inc
Columbus, GA
$29,877,478
The Community Foundation For The Csra
Augusta, GA
$19,377,290
North Georgia Community Foundation
Gainesville, GA
$21,735,189
Community Foundation For Northeast Georgia Inc
Duluth, GA
$10,205,373
Community Foundation Of The Lowcountry Inc
Hilton Head Island, SC
$27,760,510
Community Foundation Of Central Georgia Inc
Macon, GA
$11,032,103
Purpose Built Communities Foundation Inc
Atlanta, GA
$5,772,502
New Hanover Community Endowment Inc
Wilmington, NC
-$36,712,168
The Community Foundation For Northern Virginia Inc
Fairfax, VA
$10,934,222
Cumberland Community Foundation Inc
Fayetteville, NC
$14,602,785
Community Foundation Of South Georgia Inc
Thomasville, GA
$12,478,316
The Community Foundation Of Harrisonburg And Rockingham County
Harrisonburg, VA
$13,457,624
Gaston Community Foundation
Gastonia, NC
$13,988,192
Community Foundation Serving Western Virginia
Roanoke, VA
$12,225,680
Community Foundation Of Henderson County Inc
Hendersonville, NC
$19,963,739
National Christian Charitable Foundation Inc
Fort Mill, SC
$48,064,794
Communities Of Coastal Georgia Foundation Inc
Brunswick, GA
$5,055,459
Love Thy Neighbor Too
Alpharetta, GA
$20,623,072
National Christian Charitable Foundation Inc
Alpharetta, GA
$8,918,678
Arlington Community Foundation
Arlington, VA
$17,611,148
The Catholic Foundation Of North Georgia Inc
Atlanta, GA
$14,419,921
Athens Area Community Foundation Inc
Athens, GA
$5,823,024
Asheville Area Chamber Of Commerce Community Betterment Foundation
Asheville, NC
$3,782,364
Foothills Community Foundation
Anderson, SC
$1,549,778
Community Foundation For Loudoun And Northern Fauquier Counties
Leesburg, VA
$3,492,308

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