Foothills Antique Power Association
- Assets
- $202.2k
- Revenue
- $126.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Conover, NC
- Founding
- 06/2006
- Data as of
- 12/2021
- EIN
- 16-1733432
Organization Overview
Foothills Antique Power Association is located in Conover, NC. The organization was established in 2006. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foothills Antique Power Association 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, Foothills Antique Power Association generated $126.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $68.7k during the year ending 12/2021. While expenses have increased by 5.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE PRESERVATION OF ANTIQUATED EARLY TO MID-TWENTIETH CENTURY POWER EQUIPMENT USED IN RURAL AMERICAN FARMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL SHOW TO DISPLAY THE PRESERVATION AND RESTORATION OF ANTIQUATED EARLY TO MID-TWENTIETH CENTURY POWER EQUIPMENT USED IN RURAL AMERICAN FARMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wilson Sigmon Vice President | Trustee | 4 | $0 |
Teddy Hefner Show Committee Chairman | Trustee | 2 | $0 |
David Setzer Secretary | Trustee | 2 | $0 |
Butch Mcintyre Director | Trustee | 1 | $0 |
Tim Hollar Director | Trustee | 1 | $0 |
Kevin Black President | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,275 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,387 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,662 |
| Total Program Service Revenue | $83,083 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13,238 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $125,983 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,275 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Office expenses | $2,997 |
| 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 | $0 |
| All other expenses | $1,807 |
| Total functional expenses | $68,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,011 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $142,236 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $202,247 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $202,247 |
| Total liabilities and net assets/fund balances | $202,247 |
Grants Awarded
Over the last fiscal year, Foothills Antique Power Association has awarded $16,600 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Hickory, NC PURPOSE: TO SERVE HOMELESS FAMILIES WITH DEPENDANT CHILDREN THROUGH AN EMERGENCY AND TRANSITIONAL RESIDENTIAL PROGRAM. | $3,600 |
Newton, NC PURPOSE: TO ASSIST TERMINALLY ILL INDIVIDUALS OF CATAWBA COUNTY. | $3,500 |
HICKORY AMERICAN LEGION PURPOSE: TO ASSIST VETERANS IN WESTERN NC | $3,250 |
CHILDRENS ADVOCACY & PROTECTION CENTER PURPOSE: TO ASSIST CHILDREN IN UNSAFE ENVIRONMENTS IN CATAWBA COUNTY | $3,250 |
TRAIL OF LIFE BOYS SCOUTS OF AMERICA PURPOSE: TO ASSIST YOUTH IN LIFE TRAITS | $1,000 |
BUNKER HILL AF JROTC BOOSTERS INC PURPOSE: TO ASSIST HIGH SCHOOL STUDENTS IN CATAWBA COUNTY | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Army Historical Foundation Inc Fort Belvoir, VA | $16,487,331 | $17,384,969 |
Virginia Historical Society Richmond, VA | $152,846,402 | $30,481,870 |
United States Foundation For The Commemoration Of The World Wars Arlington, VA | $17,191,453 | $4,408,831 |
The Lodges At Banning Mills Retreat And Conservation Center Inc Whitesburg, GA | $8,373,902 | $8,117,551 |
Association For The Preservation Of Virginia Antiquities Richmond, VA | $27,559,744 | $5,571,617 |
Robert E Lee Memorial Association Stratford, VA | $32,464,208 | $3,400,673 |
Atlanta Beltline Partnership Inc Atlanta, GA | $54,208,865 | $38,882,931 |
Historic Charleston Foundation Charleston, SC | $32,935,368 | $6,777,038 |
B J Palmer Historic Home Foundation Inc Marietta, GA | $0 | $2,223,386 |
Georgia Trust For Historic Preservation Inc Atlanta, GA | $16,904,162 | $2,663,570 |
Jamestown Yorktown Foundation Inc Williamsburg, VA | $25,575,167 | $1,395,250 |
Omohundro Institute Of Early American History And Culture Williamsburg, VA | $24,007,466 | $7,241,259 |