Community Foundation Of Henderson County Inc
- Assets
- $121.4m
- Revenue
- $11.8m
- Investments
- $0.0
- Employees
- 8
- Location
- Hendersonville, NC
- Founding
- 09/1982
- Data as of
- 06/2022
- EIN
- 56-1330792
Organization Overview
Community Foundation Of Henderson County Inc is located in Hendersonville, NC. The organization was established in 1982. 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, Community Foundation Of Henderson County Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Henderson County 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 06/2022, Community Foundation Of Henderson County Inc generated $11.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $6.4m during the year ending 06/2022. While expenses have increased by 6.3% 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 Henderson County Inc has awarded 731 individual grants totaling $23,519,674. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BUILD, MANAGE AND GRANT CHARITABLE CAPITAL, SERVING INDIVIDUALS, FAMILY AND COMMUNITY PHILANTHROPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDED IN 1982, COMMUNITY FOUNDATION OF HENDERSON COUNTY SERVES THE ENTIRE COMMUNITY BY RECEIVING, MANAGING, DISTRIBUTING FUNDS FOR CHARITABLE PURPOSES, AND CONSULTATION ON CHARITABLE PROGRAMS TO FULFILL DONOR'S WISHES, CONTRIBUTIONS MAY BE POOLED AND INVESTED, SO THAT THE INCOME PROVIDES A PERMANENT SOURCE OF GRANT MONIES FOR GENERAL OR SPECIFIC PURPOSES. THE FOUNDATION AWARDS GRANTS THROUGH BOTH COMPETITIVE AND NON-COMPETITIVE PROCESSES WITH THE GREATEST NUMBER OF GRANTS BEING NON-COMPETITIVE, INCLUDING DESIGNATED AND DONOR ADVISED GRANTS. GRANTS WERE AWARDED TO 290 ORGANIZATIONS REPRESENTING A BROAD SPECTRUM OF SERVICES, GRANTS ARE CATEGORIZED INTO EIGHT PROGRAM AREAS: ANIMAL CARE, ARTS AND CULTURE, CIVIC AND COMMUNITY AFFAIRS, CONSERVATION, EDUCATION, HEALTH, HUMAN SERVICES AND OTHER. THE FOUNDATION USES STRATEGIES ON CONVENING COMMUNITY INTERESTS; ENGAGE LEADERSHIP, VOLUNTEERS AND ORGANIZATIONS TO WORK COLLABORATIVELY ON COMMUNITY ISSUES.
THE FOUNDATION WAS ORIGINALLY FOUNDED WITH FUNDS DESIGNATED FOR SCHOLARSHIP PURPOSES. OVER THE YEARS, THIS AREA OF FOCUS HAS GROWN TO NOW INCLUDE 110 SCHOLARSHIP FUNDS. THE FOUNDATION ADMINISTERS A SCHOLARSHIP PROGRAM THAT EACH YEAR HELPS LOCAL STUDENTS PURSUE THEIR DREAMS AND GOALS AT COLLEGES, UNIVERSITIES, AND TRADE OR TECHNICAL SCHOOLS. IN THE FISCAL YEAR 2021-2022, ACADEMIC AWARDS AND SCHOLARSHIPS WERE AWARDED TO 261 INDIVIDUALS PRIMARILY IN HENDERSON COUNTY, NORTH CAROLINA. THE MAJORITY OF THE FOUNDATION SCHOLARSHIPS ARE BASED ON ACADEMIC ABILITY AND FINANCIAL NEED. HOWEVER, SOME SCHOLARSHIPS HAVE SPECIFIC ELIGIBILITY REQUIREMENTS BASED ON THE DONOR'S CHARITABLE DESIRES. ACTUAL AWARDS VARY DEPENDING UPON THE AVAILABLE INCOME IN EACH INDIVIDUAL SCHOLARSHIP FUND.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mccray Benson President/ceo | OfficerTrustee | 40 | $188,731 |
Rachel Buchanan Chief Financial Officer | Officer | 40 | $105,003 |
Bill Hale Treasurer | OfficerTrustee | 2 | $0 |
Caroline Gunther Secretary | OfficerTrustee | 2 | $0 |
Cindy Causby Past Chair | OfficerTrustee | 2 | $0 |
Stan Duncan Vice Chair | OfficerTrustee | 2 | $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 | $6,226,501 |
| Noncash contributions included in lines 1a–1f | $855,856 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,226,501 |
| Total Program Service Revenue | $0 |
| Investment income | $5,121,017 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,832,432 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,869,155 |
| 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. | $293,734 |
| Compensation of current officers, directors, key employees. | $120,796 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $331,350 |
| Pension plan accruals and contributions | $48,299 |
| Other employee benefits | $76,466 |
| Payroll taxes | $44,733 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,281 |
| Fees for services: Accounting | $23,076 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $45,977 |
| Fees for services: Other | $0 |
| Advertising and promotion | $74,363 |
| Office expenses | $26,417 |
| Information technology | $64,688 |
| Royalties | $0 |
| Occupancy | $17,733 |
| Travel | $4,177 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,744 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,264 |
| Insurance | $8,388 |
| All other expenses | $343,264 |
| Total functional expenses | $6,360,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,670,337 |
| Pledges and grants receivable | $132,684 |
| Accounts receivable, net | $1,441 |
| 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 | $61,454 |
| Net Land, buildings, and equipment | $1,029,330 |
| Investments—publicly traded securities | $110,500,309 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $121,395,555 |
| Accounts payable and accrued expenses | $18,437 |
| 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 | $1,421,698 |
| Total liabilities | $1,440,135 |
| Net assets without donor restrictions | $6,155,847 |
| Net assets with donor restrictions | $113,799,573 |
| 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 | $121,395,555 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Henderson County Inc has awarded $2,884,476 in support to 91 organizations.
| Grant Recipient | Amount |
|---|---|
Hendersonville, NC | | $436,467 |
Atlanta, GA | | $270,338 |
Hendersonville, NC | | $137,756 |
Hendersonville, NC | | $134,987 |
Hendersonville, NC | | $103,616 |
Hendersonville, NC | | $92,062 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Community Foundation Of Henderson County Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
The Fullgraf Foundation Wilmington, DE PURPOSE: CAMP GREYSTONE "THE GREAT DAY FUND" | $3,000 |
Endowment Analysis
| Beg. Balance | $127,011,472 |
| Earnings | -$17,089,841 |
| Admin Expense | $1,267,969 |
| Net Contributions | $4,679,586 |
| Other Expense | $9,660 |
| Grants | $3,514,509 |
| Ending Balance | $109,809,079 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation Of Greenville Inc Greenville, SC | $110,749,055 | $32,278,412 |
Spartanburg County Foundation Spartanburg, SC | $213,613,348 | $29,550,562 |
North Georgia Community Foundation Gainesville, GA | $121,312,465 | $29,287,202 |
The Community Foundation Of Harrisonburg And Rockingham County Harrisonburg, VA | $68,152,988 | $23,085,179 |
Central Carolina Community Foundation Columbia, SC | $200,312,368 | $26,646,536 |
Community Foundation Of The Chattahoochee Valley Inc Columbus, GA | $203,858,921 | $35,593,899 |
High Point Community Foundation High Point, NC | $114,170,503 | $14,778,667 |
Community Foundation Of Central Georgia Inc Macon, GA | $156,226,670 | $20,534,365 |
Community Foundation For Northeast Georgia Inc Duluth, GA | $80,665,782 | $22,483,820 |
Community Foundation Of The Lowcountry Inc Hilton Head Island, SC | $73,666,667 | $27,497,262 |
The Community Foundation For Northern Virginia Inc Oakton, VA | $80,161,408 | $23,451,822 |
National Christian Charitable Foundation Inc Fort Mill, SC | $16,300,322 | $10,862,004 |