Salt Block Foundation Inc

Organization Overview

Salt Block Foundation Inc is located in Hickory, NC. The organization was established in 1983. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Salt Block Foundation Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salt Block 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 06/2022, Salt Block Foundation Inc generated $951.7k 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 (3.9%) each year. All expenses for the organization totaled $1.0m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE SALT BLOCK FOUNDATION EXISTS TO PROVIDE AND SUSTAIN FACILITIES FOR ORGANIZATIONS DELIVERING EDUCATION IN NATURAL SCIENCES, HISTORY, VISUAL AND PERFORMING ARTS AND CULTURAL PROGRAMS FOR RESIDENTS OF THE CATAWBA VALLEY

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED FACILITIES FOR USE BY VARIOUS NONPROFIT AGENCIES PROVIDING PROGRAMS IN THE NATURAL SCIENCES, HISTORY, VISUAL AND PERFORMING ARTS AND CULTURAL PROGRAMS AT A VERY MINIMAL COST TO THE NONPROFITSONE OF THE AGENCIES PROVIDES EDUCATIONAL OPPORTUNITIES FOR THE PUBLIC AND SCHOOL AGED CHILDREN. TEACHERS BRING THE STUDENTS TO OUR FACILITIES TO ALLOW FOR HANDS ON LEARNING.


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Board, Officers & Key Employees

Name (title)Compensation
Tara Bland
Executive Director
$67,996
Lt Thompson
Treasurer
$0
Michael Thomas
Past President
$0
Andrew Matthews
Vice President
$0
Beth Watts Rogers
Secretary
$0
Frank Young
President
$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$402,391
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$402,391
Total Program Service Revenue$107,968
Investment income $171,823
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $235,792
Net Income from Fundraising Events $33,700
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $951,674

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Salt Block Foundation Inc has recieved totaling $15,000.

Awarding OrganizationAmount
Tsh Charitable Foundation

Hickory, NC

PURPOSE: GENERAL AND UNRESTRICTED

$10,000
L B Lane Family Foundation Inc

Hickory, NC

PURPOSE: HMA CAPEX REWIRE FUND

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$7,830,055
Net Contributions$158,455
Ending Balance$7,988,510

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