High Point Community Foundation
- Assets
- $116.7m
- Revenue
- $15.7m
- Investments
- $20.5m
- Employees
- 5
- Location
- High Point, NC
- Founding
- 02/1991
- Data as of
- 06/2021
- EIN
- 56-1695787
Organization Overview
High Point Community Foundation is located in High Point, NC. The organization was established in 1991. 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 06/2022, High Point Community Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. High Point Community Foundation 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 06/2021, High Point Community Foundation generated $15.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $29.2m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, High Point Community Foundation has awarded 124 individual grants totaling $2,605,250. 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
THE HIGH POINT COMMUNITY FOUNDATION WORKS FOR THE BETTERMENT OF THE GREATER HIGH POINT COMMUNITY BY PROVIDING CHARITABLE SERVICES TO DONORS TO HELP THEM ACHIEVE THEIR CHARITABLE GOALS, AND BY MAKING GRANTS TO CHARITABLE ORGANIZATIONS TO FUND INITIATIVES FOR THE IMPROVEMENT OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HIGH POINT COMMUNITY FOUNDATION'S MAIN PROGRAM IS TO PROVIDE GRANTS TO LOCAL NONPROFIT ORGANIZATIONS. TO THAT END, IN THIS FISCAL YEAR THE ANNUAL GRANTS PROGRAM GRANTED OVER $450,000. THE HEART OF HIGH POINT INITIATIVE FUND GRANTED OVER $100,000 TO NONPROFIT ORGANIZATIONS PROVIDING BASIC NEEDS FOR EMERGENCIES THAT MIGHT SHUT DOWN OPERATIONS. THE WOMEN'S FUND OF HIGH POINT AWARDED GRANTS TOTALING $40,000 TO NONPROFITS SPECIFICALLY BENEFITING WOMEN IN THE GREATER HIGH POINT COMMUNTIY. THE WOMEN'S FUND IS A RECENT GRANTOR FOR THE FOUNDATION. THE HPCF ALSO MAINTAINS DONOR ADVISED FUNDS THROUGH WHICH $8,069,531 WAS GRANTED TO OTHER NONPROFIT ORGANIZATIONS BOTH LOCALLY AND NATIONALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Bencini Chair | OfficerTrustee | 2 | $0 |
Harvey Lowd Past Chair | OfficerTrustee | 1 | $0 |
Brad Whitley Treasurer | OfficerTrustee | 2 | $0 |
Barry Safrit Vice Chair | OfficerTrustee | 2 | $0 |
Chuck Portaro Secretary | OfficerTrustee | 1 | $0 |
Zach Barnes Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,480,968 |
| Investment income | $1,496,885 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,674,915 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,683,587 |
| Statement of Expenses | |
|---|---|
| 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. | $191,414 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $291,000 |
| Pension plan accruals and contributions | $7,072 |
| Other employee benefits | $34,348 |
| Payroll taxes | $33,779 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,945 |
| Fees for services: Accounting | $17,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $469,035 |
| Fees for services: Other | $14,209 |
| Advertising and promotion | $27,371 |
| Office expenses | $42,303 |
| Information technology | $1,250 |
| Royalties | $0 |
| Occupancy | $23,135 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,891 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,372 |
| Insurance | $9,021 |
| All other expenses | $0 |
| Total functional expenses | $29,189,185 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,063,227 |
| Savings and temporary cash investments | $15,193,381 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $98,689 |
| 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 | $5,310 |
| Investments—publicly traded securities | $79,521,222 |
| Investments—other securities | $20,533,198 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $116,708,881 |
| Accounts payable and accrued expenses | $65,141 |
| 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 | $6,282,920 |
| Total liabilities | $6,348,061 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $110,360,820 |
Grants Awarded
Over the last fiscal year, High Point Community Foundation has awarded $479,400 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
GUILFORD EDUCATION ALLIANCE PURPOSE: OPERATING EXPENSES | $22,876 |
YWCA OF HIGH POINT PURPOSE: OPERATING EXPENSES | $26,144 |
COMMUNITY CLINIC OF HIGH POINT PURPOSE: OPERATING EXPENSES | $25,184 |
HIGH POINT COMMUNITY AGAINST VIOLENCE PURPOSE: OPERATING EXPENSES | $11,912 |
YMCA OF HIGH POINT PURPOSE: OPERATING EXPENSES | $26,144 |
OPEN DOOR MINISTRIES PURPOSE: OPERATING EXPENSES | $26,144 |