Tri-County Foundation
- Assets
- $925.2k
- Revenue
- $33.6k
- Investments
- $840.7k
- Employees
- 0
- Location
- Belhaven, NC
- Founding
- 01/1994
- Data as of
- 09/2023
- EIN
- 56-1742130
Organization Overview
Tri-County Foundation is located in Belhaven, NC. The organization was established in 1994. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tri-County Foundation 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 09/2023, Tri-County Foundation generated $33.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $58.9k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Tri-County Foundation has awarded 145 individual grants totaling $386,799. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE - TRI-COUNTY TELEPHONE MEMBERSHIP CORPORATION FUNDS THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Wayne Black President | 3 | $0 | |
Gary R Burbage First Vice President | 2 | $0 | |
Ronnie Huettmann Second Vice President | 2 | $0 | |
Rodney E Woolard Secretary/treasurer | 2 | $0 | |
Stacey Bowen Assistant Secretary/treasu | 2 | $0 | |
Charles Williams Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11,092 |
| Dividends & Interest | $22,467 |
| 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 | $0 |
| Total Revenue | $33,559 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,627 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,712 |
| Total operating and administrative expenses | $20,289 |
| Contributions, gifts, grants paid | $38,611 |
| Total expenses and disbursements | $58,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $84,575 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| 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 | $925,229 |
| 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, Tri-County Foundation has awarded $38,611 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
(5) SCHOLARSHIPS PURPOSE: EDUCATION SCHOLARSHIPS | $4,000 |
OPEN DOOR COMMUNITY CENTER PURPOSE: DONATION | $5,800 |
RUTH'S HOUSE PURPOSE: DONATION | $1,500 |
BEAUFORT COUNTY UNITED WAY SAFE HARBOR HELPLINE PURPOSE: DONATION | $6,000 |
BEAUFORT COUNTY COMMUNITY COLLEGE FOUNDATION PURPOSE: DONATION | $2,500 |
BELHAVEN PANTEGO ROTARY CLUB PURPOSE: DONATION | $540 |