Altapass Foundation Inc
- Assets
- $3.7m
- Revenue
- $937.0k
- Investments
- $0.0
- Employees
- 27
- Location
- Spruce Pine, NC
- Founding
- 03/2003
- Data as of
- 12/2021
- EIN
- 68-0521788
Organization Overview
Altapass Foundation Inc is located in Spruce Pine, NC. The organization was established in 2003. According to its NTEE Classification (C60) the organization is classified as: Environmental Education, under the broad grouping of Environment and related organizations. As of 12/2021, Altapass Foundation Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Altapass 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, Altapass Foundation Inc generated $937.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 50.2% each year . All expenses for the organization totaled $723.3k during the year ending 12/2021. While expenses have increased by 40.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MONIES RECEIVED FROM RESALE ITEMS, THAT ARE REFLECTED IN THE FIGURE ABOVE, ARE USED TO PAY THE EXPENSES WHICH HELP TO SUPPORT THE ALTAPASS FOUNDATIONS EXEMPT PURPOSE, PROGRAMS, AND MISSION. THE APPLE ORCHARD ON THE FOUNDATION PROPERTY WAS STARTED IN 1903 AND IS THE ONLY "YOU PICK ORCHARD IN THE AREA. IT WAS STARTED BY THE CLINCHFIELD RAILROAD. CHILDREN LEARN ABOUT FAMILY TRADITION AND THIS ALSO PROVIDES EMPLOYMENT FOR AREA FAMILIES. IT PROVIDES "HERITAGE" APPLES AS THEY WERE THE FIRST APPLES GROWN ON THIS CONTINENT.
CULTURAL HERITAGE PROGRAM-ARTISTS, CRAFTSMEN, MUSICIANS, STORYTELLERS DISPLAY, PERFORM, DEMONSTRATE AND SELL THEIR WARES AT AN OPEN MARKET AND OPEN COMMUNITY PICNIC. THERE IS HISTORICAL SIGNIFICANCE OF THIS AREA AS THERE IS AN ANNUAL RE-ENACTMENT OF THE BATTLE OF KINGS MOUNTAIN, A TURNING POINT IN THE REVOLUTIONARY WAR. APPROXIMATELY 500 SCHOOL CHILDREN LEARN OF THIS HISTORICAL EVENT EACH YEAR.
LAND, NATURE, AGRICULTURAL PRESERVATION TRAILS, AND CHILDRENS PROGRAMS TO EDUCATE AND INVOLVE THE CHILDREN IN THE UNDERSTANDING OF THE APPALACHIAN FLORA AND FAUNA. THERE ARE 150 PERFORMANCES HERE ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Hilton - Nonvoting Ex-Officio/executive Direc | OfficerTrustee | 25 | $53,920 |
Bob Ammann President/secretary | OfficerTrustee | 1.5 | $0 |
Hal Brown Treasurer | OfficerTrustee | 0.5 | $0 |
William Carson Founder | Trustee | 14 | $0 |
Rosemary Stein Board Member | Trustee | 0.25 | $0 |
Kit Trubey Board Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,821 |
| All other contributions, gifts, grants, and similar amounts not included above | $146,640 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $152,461 |
| Total Program Service Revenue | $547,748 |
| Investment income | $42,229 |
| 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 | $937,031 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,955 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $53,920 |
| Compensation of current officers, directors, key employees. | $18,872 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $176,126 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,727 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,682 |
| Fees for services: Accounting | $46,353 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $478 |
| Office expenses | $1,752 |
| 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 | $7 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,036 |
| Insurance | $9,132 |
| All other expenses | $56,292 |
| Total functional expenses | $723,329 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,506 |
| Savings and temporary cash investments | $1,207,667 |
| 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 | $12,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,316,689 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,744,862 |
| Accounts payable and accrued expenses | $13,626 |
| 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 | $4,441 |
| Total liabilities | $18,067 |
| Net assets without donor restrictions | $3,726,795 |
| 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 | $3,744,862 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Altapass Foundation Inc has recieved totaling $46,180.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Of Western North Carolina Inc Asheville, NC PURPOSE: ADVANCING THE ARTS | $42,180 |
Samara Fund Inc Burnsville, NC PURPOSE: GENERAL CHARITABLE PURPOSES | $4,000 |
Endowment Analysis
| Beg. Balance | $1,214,625 |
| Earnings | $138,451 |
| Admin Expense | $10,645 |
| Other Expense | $140,000 |
| Ending Balance | $1,202,431 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Highlander Research & Education Center Inc New Market, TN | $43,871,555 | $34,419,377 |
Global Environment & Technology Foundation Arlington, VA | $13,937,500 | $15,203,934 |
North Carolina Outward Bound School Asheville, NC | $30,850,226 | $8,824,225 |
Eo Wilson Biodiversity Foundation Durham, NC | $4,025,157 | $3,687,280 |
Soar Inc Balsam, NC | $9,313,397 | $4,143,448 |
Chattahoochee Nature Center Inc Roswell, GA | $13,716,515 | $6,496,453 |
Eagles Nest Foundation Incorporated Pisgah Forest, NC | $6,201,338 | $3,726,714 |
Great Smoky Mountain Institute Townsend, TN | $7,753,482 | $2,441,713 |
Ijams Nature Center Inc Knoxville, TN | $4,392,681 | $1,927,357 |
The Georgia Association Of Conservation Districts Inc Athens, GA | $1,613,040 | $1,699,101 |
The Cousteau Society Inc Chesapeake, VA | $12,935,320 | $4,188,264 |
Reflection Riding Arboretum And Nature Center Chattanooga, TN | $7,725,224 | $3,142,380 |