Community Foundation Of Burke County

Organization Overview

Community Foundation Of Burke County is located in Morganton, NC. The organization was established in 2000. 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 12/2021, Community Foundation Of Burke County employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Burke County 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, Community Foundation Of Burke County generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 4.7% per year over the past 7 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 2015, Community Foundation Of Burke County has awarded 253 individual grants totaling $6,944,574. 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.


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Board, Officers & Key Employees

Name (title)Compensation
Nancy W Taylor
Executive Director
$110,000
Theresa Watters
Finance Director
$66,361
Martha Mcmurray-Russ
Secretary
$0
Kelle B Huffman
President
$0
Chris T Brittain
Vice President
$0
Elizabeth W Andrews
Treasurer
$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$1,571,600
Noncash contributions included in lines 1a–1f $601,707
Total Revenue from Contributions, Gifts, Grants & Similar$1,571,600
Total Program Service Revenue$0
Investment income $501,786
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $698,410
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,775,716

Grants Awarded

Over the last fiscal year, Community Foundation Of Burke County has awarded $500,172 in support to 14 organizations.

Grant RecipientAmount

BURKE HOSPICE AND PALLIATIVE CARE INC

Org PageRecipient Profile

Valdese, NC

PURPOSE: HEALTH

$51,107

BURKE UNITED CHRISTIAN MINISTRIES

Org PageRecipient Profile

Morganton, NC

PURPOSE: HUMAN SERVICES

$48,698

FIRST PRESBYTERIAN CHURCH - MORGANTON

PURPOSE: RELIGION

$45,356

ASSURE THE FUTURE

PURPOSE: HUMAN SERVICES

$43,060

Lenoir, NC

PURPOSE: HEALTH

$41,618

WALDENSIAN PRESBYTERIAN CHURCH OF VALDESE

Org PageRecipient Profile

Valdese, NC

PURPOSE: RELIGION

$41,048
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Community Foundation Of Burke County has recieved totaling $20,000.

Awarding OrganizationAmount
Grace Episcopal Church Foundation

Morganton, NC

PURPOSE: COMMUNITY ASSISTANCE

$10,000
Grace Episcopal Church Foundation

Morganton, NC

PURPOSE: COMMUNITY ASSISTANCE

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$26,897,786
Earnings$3,546,990
Net Contributions$1,173,926
Grants$750,688
Ending Balance$30,868,014

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