Haywood Advancement Foundation Inc
- Assets
- $2.1m
- Revenue
- $9.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Waynesville, NC
- Founding
- 11/1994
- Data as of
- 12/2021
- EIN
- 56-1702956
Organization Overview
Haywood Advancement Foundation Inc is located in Waynesville, NC. The organization was established in 1994. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Haywood Advancement 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 12/2021, Haywood Advancement Foundation Inc generated $9.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (19.8%) each year. All expenses for the organization totaled $12.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BUY HAYWOOD MARKET DEVELOPMENT PROJECT IS DESIGNED TO SUPPORT HAYWOOD COUNTY FARMERS BY PROMOTING HIGH-QUALITY FARM PRODUCTS TO COMMUNITY-MINDED CONSUMERS. THE PROJECT WAS STARTED BY THE HAYWOOD COUNTY ECONOMIC DEVELOPMENT BOARD. THEY HAVE DEVELOPED A WEB-SITE, FARM MAP AND A "HAYWOOD COUNTY-NORTH CAROLINA MOUNTAIN GROWN" LABEL AND LOGO TO IDENTIFY FARM PRODUCTS BEING MARKETED UNDER THIS PROJECT. THE PROJECT HAS HIGHLIGHTED 37 FARMS AND 28 RESTAURANTS AFFILIATED WITH THIS PROGRAM.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Blevins Vice Pres. | 1 | $0 | |
Cece Hipps Secretary | 1 | $0 | |
Mark A Bumgarner CPA Ex-Officio | 0 | $0 | |
Danny Wingate Treasurer | 1 | $0 | |
Ron Leatherwood President | 1 | $0 | |
Directors See Attached List Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $750 |
| Interest on Savings | $7,426 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $947 |
| Total Revenue | $9,123 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $476 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,707 |
| Total operating and administrative expenses | $5,346 |
| Contributions, gifts, grants paid | $7,465 |
| Total expenses and disbursements | $12,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,354 |
| Savings and temporary cash investments | $1,570,382 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $474,931 |
| Inventories for sale or use | $30,763 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,077,430 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Haywood Advancement Foundation Inc has awarded $17,746 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BUY HAYWOOD MARKET DEVELOPMENT PROJ PURPOSE: SUPPORT HAYWOOD COUNTY FARMERS | $12,746 |
BUSINESS PLAN CONTEST PURPOSE: SUPPORT HAYWOOD CO. ECONOMIC GROWTH | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Haywood Advancement Foundation Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
John C Harmon Family Foundation Inc Waynesville, NC PURPOSE: GENERAL SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nash-Edgecombe Economic Development Inc Rocky Mount, NC | $2,214,551 | $9,450,498 |
Alexandria Economic Development Partnership Inc Alexandria, VA | $1,919,174 | $9,268,061 |
Richmond Metropolitan Convention & Vistors Bureau Richmond, VA | $6,099,091 | $8,138,093 |
Knoxville Convention & Visitors Bureau Inc Knoxville, TN | $5,768,468 | $5,619,069 |
South Carolina I-77 Alliance Richburg, SC | $4,361,702 | $6,505,378 |
Access To Capital For Entrepreneurs Inc Cleveland, GA | $88,796,114 | $11,013,240 |
Columbia Metropolitan Convention And Visitors Bureau Columbia, SC | $6,376,262 | $4,843,981 |
Srs Community Reuse Organization Aiken, SC | $6,557,053 | $4,875,445 |
Grove Park Foundation Inc Atlanta, GA | $25,190,874 | $3,791,912 |
Alexandria Convention And Visitors Association Inc Alexandria, VA | $744,565 | $3,884,098 |
Vibrant Memphis Inc Memphis, TN | $19,880,886 | $2,783,167 |
Hampton Roads Economic Development Alliance Norfolk, VA | $4,122,075 | $4,031,039 |