Eagles Nest Foundation Incorporated
- Assets
- $7.1m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 155
- Location
- Pisgah Forest, NC
- Founding
- 09/1950
- Data as of
- 12/2022
- EIN
- 56-6009912
Organization Overview
Eagles Nest Foundation Incorporated is located in Pisgah Forest, NC. The organization was established in 1950. According to its NTEE Classification (C60) the organization is classified as: Environmental Education, under the broad grouping of Environment and related organizations. As of 12/2022, Eagles Nest Foundation Incorporated employed 155 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eagles Nest Foundation Incorporated 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, Eagles Nest Foundation Incorporated generated $3.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $3.1m during the year ending 12/2022. While expenses have increased by 3.9% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EXPERIENTIAL EDUCATION FOR YOUNG PEOPLE, PROMOTING THE NATURAL WORLD AND THE BETTERMENT OF HUMAN CHARACTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EAGLE'S NEST FOUNDATION (ENF) IS AN EDUCATIONAL INSTITUTION, UTILIZING BOTH TRADITIONAL AND NON-TRADITIONAL LEARNING SETTINGS, BUT WITH AN EMPHASIS ON EXPERIENTIAL LEARNING. ENF'S INTENTION IS TO TEACH ITS CAMPER-STUDENTS MANY DIFFERENT DISCIPLINES, BUT IN DOING SO TO ELEVATE THE INDIVIDUAL WITHIN COMMUNITY LIFE TO AN ACTIVE UNDERSTANDING OF WHAT IT MEANS TO BELONG; TO NATURE, TO ECOSYSTEMS, TO SPIRIT, TO HARD WORK, TO SOCIETY AND HISTORY, TO FRIENDS, AND TO THE PROCESS OF TRANSITION ITSELF. ENF CURRENTLY OPERATES THREE PROGRAMS. EAGLE'S NEST CAMP IS AN ACA ACCREDITED RESIDENTIAL COED SUMMER CAMP WHERE EDUCATIONAL ACTIVITIES FOCUS ON THE ARTS, WILDERNESS AND COMMUNITY BUILDING. THE OUTDOOR ACADEMY IS A SACS ACCREDITED, ACADEMIC SEMESTER SCHOOL FOR 10TH AND SELECT 11TH GRADE STUDENTS. HANTE ADVENTURES IS AN EXTENSION OF EAGLE'S NEST CAMP OFFERING EDUCATIONAL WILDERNESS AND CULTURAL BASED EXPEDITIONS FOR TEENS AGES 13-18 WITHIN BOTH THE UNITED STATES AND ABROAD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cormac Connor President | OfficerTrustee | 5 | $0 |
Julee Nunley Vice Preside | OfficerTrustee | 2 | $0 |
Jill Fleuriet Secretary | OfficerTrustee | 2 | $0 |
David Gilbert Treasurer | OfficerTrustee | 4 | $0 |
Will Abberger Trustee | Trustee | 2 | $0 |
Gail Bunce Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $243,385 |
| All other contributions, gifts, grants, and similar amounts not included above | $373,580 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $616,965 |
| Total Program Service Revenue | $2,725,412 |
| Investment income | $22,613 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,804 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$3,254 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,385,217 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $1,396,815 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $128,995 |
| Payroll taxes | $100,692 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,824 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $65,702 |
| Fees for services: Other | $0 |
| Advertising and promotion | $79,437 |
| Office expenses | $9,262 |
| Information technology | $74,764 |
| Royalties | $0 |
| Occupancy | $50,915 |
| Travel | $2,441 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $31,309 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $145,913 |
| Insurance | $152,554 |
| All other expenses | $198,587 |
| Total functional expenses | $3,058,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,557 |
| Savings and temporary cash investments | $2,392,916 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,705 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,784 |
| Prepaid expenses and deferred charges | $13,746 |
| Net Land, buildings, and equipment | $4,211,733 |
| Investments—publicly traded securities | $427,184 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,078,625 |
| Accounts payable and accrued expenses | $8,675 |
| Grants payable | $0 |
| Deferred revenue | $593,909 |
| 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 | $1,278,338 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,364 |
| Total liabilities | $1,894,286 |
| Net assets without donor restrictions | $4,600,475 |
| Net assets with donor restrictions | $583,864 |
| 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 | $7,078,625 |