Grandfather Community Foundation Inc
- Assets
- $382.0k
- Revenue
- $198.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Linville, NC
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 83-2713258
Organization Overview
Grandfather Community Foundation Inc is located in Linville, NC. The organization was established in 2019. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grandfather 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, Grandfather Community Foundation Inc generated $198.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 30.2% each year . All expenses for the organization totaled $94.8k during the year ending 12/2022. 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
TO IDENTIFY AVENUES FOR THE MEMBERS OF GRANDFATHER GOLF AND COUNTRY CLUB TO IMPROVE THE LIVES OF THE PEOPLE OF AVERY COUNTY AND MOBILIZE THE MEMBERS TO DO SO THROUGH EDUCATION AND SERVICE OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DUE TO THE NATURE OF THE COMMUNITY WITHIN AVERY COUNTY THERE ARE LIMITED EMPLOYMENT OPTIONS AND EMPLOYMENT OPTIONS ARE OFTEN SEASONAL IN NATURE. DUE TO THE HIGH LEVEL OF POVERTY WITHIN THE COMMUNITY AND LIMITED SEASONAL/EMPLOYMENT OPPORTUNITIES THE EMPLOYEE ASSISTANCE FUND WILL PROVIDE UP TO $2,000 IN ASSISTANCE TO INDIVIDUALS IN SITUATIONS OF FINANCIAL CRISIS. EXAMPLES OF REASONS FOR RECEIVING AN AWARD INCLUDE: RENT/MORTGAGE NEEDS, UTILITY PAYMENTS, FOOD, TRANSPORTATION, COSTLY MEDICAL EXPENSES NOT COVERED BY INSURANCE, FAMILY DEATH, CHANGES WITHIN THE FAMILY SITUATION, OR WITH EXPENSIVE REPAIRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gail Garrison Director | Trustee | 1 | $0 |
Jane Gorrell Director | Trustee | 1 | $0 |
Emily Harry Director | Trustee | 1 | $0 |
Susan Johnson Director | Trustee | 1 | $0 |
Rob King Director | Trustee | 1 | $0 |
Sunny Lawson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $136,250 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,675 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $214,925 |
| Total Program Service Revenue | $0 |
| Investment income | $2,114 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$18,529 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $198,510 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,850 |
| Grants and other assistance to domestic individuals. | $46,315 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $12,857 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $367 |
| Office expenses | $766 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,170 |
| All other expenses | $100 |
| Total functional expenses | $94,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $380,951 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $381,951 |
| Accounts payable and accrued expenses | $0 |
| 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 | $2,224 |
| Total liabilities | $2,224 |
| Net assets without donor restrictions | $379,727 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $381,951 |