2014-10-15T11:42:52-05:00 2014-06-30 561607661 LOWDERMILK CHURCH & CO LLP 121 NORTH STERLING STREET MORGANTON NC 28655 990 2013-07-01 561348489 SALT BLOCK FOUNDATION INC SALT 8283244906 243 THIRD AVE NE BOX 7 HICKORY NC 28601 H LAWRENCE THOMPSON IV TREASURER 8283244906 2014-09-10 1 JAMES LOWDERMILK P01394049 8284331226 2013 2015-11-30 17:44:51Z H LAWRENCE THOMPSON 243 THIRD AVE NE BOX 7 HICKORY NC 28601 1214905 0 X N/A X 1980 NC THE SALT BLOCK FOUNDATION EXISTS TO PROVIDE AND SUSTAIN FACILITIES FOR ORGANIZATIONS DELIVERING EDUCATION IN NATURAL SCIENCES, HISTORY, VISUAL AND PERFORMING ARTS AND CULTURAL PROGRAMS FOR RESIDENTS OF THE CATAWBA VALLEY 23 23 0 0 0 0 278885 370210 111303 209045 370313 97690 6914 6663 767415 683608 0 0 0 0 0 0 0 0 47719 723974 858189 723974 858189 43441 -174581 10762805 11444916 52711 32748 10710094 11412168 NONE 0 0 737883 210403 PROVIDED FACILITIES FOR USE BY VARIOUS NONPROFIT AGENCIES PROVIDING PROGRAMS IN THE NATURAL SCIENCES, HISTORY, VISUAL AND PERFORMING ARTS AND CULTURAL PROGRAMS AT A VERY MINIMAL COST TO THE NONPROFITSONE OF THE AGENCIES PROVIDES EDUCATIONAL OPPORTUNITIES FOR THE PUBLIC AND SCHOOL AGED CHILDREN. TEACHERS BRING THE STUDENTS TO OUR FACILITIES TO ALLOW FOR HANDS ON LEARNING. DURING THE YEAR ENDED JUNE 30, 2012 MORE THAN 175,000 INDIVIDUALS USED OUR FACILITIES TO INCREASE KNOWLEDGE ABOUT THE NATURAL SCIENCES. A TOTAL EXCEEDING 228,000 INDIVIDUALS VISITED THIS ONE AGENCY HOUSED IN OUR FACILTIES DURING THE FISCAL YEAR. 737883 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X THE ORGANIZATION 8283244906 243 THIRD AVE NE BOX 7 HICKORY NC 28601 X MARTY SALWEN PRESIDENT 4.00 X X 0 0 0 STEVE MULL PAST PRESIDENT 4.50 X X 0 0 0 MICHAEL THOMAS SECRETARY 1.00 X X 0 0 0 LAWRENCE THOMPSON TREASURER 3.00 X X 0 0 0 DON NORWOOD ASST TREASURER 3.00 X X 0 0 0 NANCY BLEDSOE BOARD MEMBER 2.00 X 0 0 0 DON COLEMAN BOARD MEMBER 2.00 X 0 0 0 JOYCE CORBETT BOARD MEMBER 2.00 X 0 0 0 HELEN DECUZZI BOARD MEMBER 2.00 X 0 0 0 BARBARA DUGAN BOARD MEMBER 2.00 X 0 0 0 KIMBERLY GEORGE BOARD MEMBER 3.00 X 0 0 0 JEFF GNIADEK BOARD MEMBER 2.00 X 0 0 0 LINDA GREENWELL BOARD MEMBER 3.00 X 0 0 0 LINDA GUTTLER BOARD MEMBER 2.00 X 0 0 0 REBECCA HART BOARD MEMBER 2.00 X 0 0 0 BRANDON HUCKS BOARD MEMBER 2.00 X 0 0 0 RUSTY ISENHOUR BOARD MEMBER 2.00 X 0 0 0 DR JOHN LEACH BOARD MEMBER 2.00 X 0 0 0 HANI NASSAR BOARD MEMBER 2.00 X 0 0 0 JEFF NEUVILLE BOARD MEMBER 2.00 X 0 0 0 MANDY PITTS BOARD MEMBER 2.00 X 0 0 0 BOB SPULLER BOARD MEMBER 2.00 X 0 0 0 FRANK YOUNG BOARD MEMBER 2.00 X 0 0 0 0 0 0 0 0 0 0 0 200000 170210 7224 370210 CAM CHARGES 900099 94134 94134 RENTAL OF FACILITIES 900099 22645 22645 92266 92266 209045 626945 529255 97690 97690 97690 7347 2042 5305 5305 MISCELLANEOUS 900099 1358 1358 1358 683608 210403 0 102995 60000 60000 5750 5750 35257 35257 4528 4528 270316 270316 259430 259430 29481 29481 REPAIRS AND MAINTENANCE 163398 161631 1767 SUPPLIES 18397 16521 1876 WRITEOFFS 7843 7843 MISCELLANEOUS 3431 504 2836 91 358 358 858189 737883 72587 47719 66043 37866 76999 22236 78736 95113 8605724 4044389 4796273 4561335 5733619 6726051 11135 2315 10762805 11444916 52711 31498 1250 52711 32748 X 4222651 4849271 709241 674099 5778202 5888798 10710094 11412168 10762805 11444916 X -174581 876654 1 X 0 1 X 1 0 X 321512 492943 520711 278885 370210 1984261 45489 30341 16289 16096 17077 125292 367001 523284 537000 294981 387287 2109553 1030067 1079486 161261 139738 126048 370313 189956 987316 3096869 0.34860 0.52490 X SCHEDULE A, PART IV, LIST OF UNUSUAL GRANTS: DESCRIPTION: BEQUEST AMOUNT: 0.AMOUNT: 0.AMOUNT: 0.AMOUNT: 0.AMOUNT: 0.AMOUNT: 0.AMOU DESCRIPTION: BEQUEST AMOUNT: 0.AMOUNT: 0.AMOUNT: 0.AMOUNT: 0.AMOUNT: 0.AMOUNT: 0.AMOU DESCRIPTION: BEQUEST AMOUNT: 0.AMOUNT: 0.AMOUNT: 0.AMOUNT: 0.AMOUNT: 0.AMOUNT: 0.AMOU DESCRIPTION: BEQUEST AMOUNT: 0.AMOUNT: 0.AMOUNT: 0.AMOUNT: 0.AMOUNT: 0.AMOUNT: 0.AMOU DESCRIPTION: BEQUEST AMOUNT: 0.AMOUNT: 0.AMOUNT: 0.AMOUNT: 0.AMOUNT: 0.AMOUNT: 0.AMOU DESCRIPTION: CONTRIBUTION TO ENDOWMENT AMOUNT: 0.AMOUNT: 0.AMOUNT: 0.AMOUNT: 0.AMOUNT: 0.AMOUNT: 0.AMOU RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5778202 110596 5888798 5721730 56472 5778202 5522863 198867 5721730 5472863 50000 5522863 5472863 5472863 0 0 750000 750000 750000 521875 228125 7068745 3496488 3572257 22602 12466 10136 14377 13560 817 4561335 INVESTMENTS 6726051 F 6726051 X 1579380 876654 17077 2041 895772 683608 0 683608 877308 17077 2042 19119 858189 0 858189 PART X, LINE 2: FASB ASC 740-10 ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAX POSITIONS. BASED ON AN EVALUATION OF UNCERTAIN TAX POSITIONS MANAGEMENT IS REQUIRED TO MEASURE POTENTIAL TAX LIABILITIES THAT COULD HAVE A RISK GREATER THAN A 50% LIKELIHOOD OF BEING RELIZED UPON SETTLEMENT. AS OF JUNE 30, 2014 MANAGEMENT HAS DETERMINED THAT THE SALT BLOCK HAS NO SUCH RISK AND THEREFORE NO LIABILITIES HAVE BEEN RECORDED FOR UNCERTAIN TAX POSITIONS. THE SALT BLOCK IS NO LONGER SUBJECT TO EXAMINATION BY FEDERAL AUTHORITIES FOR YEARS PRIOR TO 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: EXPENSES DIRECTLY RELATED TO FUNDRAISING PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES DIRECTLY RELATED TO FUNDRAISING FORM 990 PART IV LINE 11F FASB ASC 740-10 ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAX POSITIONS. BASED ON AN EVALUATION OF UNCERTAIN TAX POSITIONS MANAGEMENT IS REQUIRED TO MEASURE POTENTIAL TAX LIABILITIES THAT COULD HAVE A RISK GREATER THAN A 50% LIKELIHOOD OF BEING RELIZED UPON SETTLEMENT. AS OF JUNE 30, 2014 MANAGEMENT HAS DETERMINED THAT THE SALT BLOCK HAS NO SUCH RISK AND THEREFORE NO LIABILITIES HAVE BEEN RECORDED FOR UNCERTAIN TAX POSITIONS. THE SALT BLOCK IS NO LONGER SUBJECT TO EXAMINATION BY FEDERAL AUTHORITIES FOR YEARS PRIOR TO 2011. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WAS REVIEWED BY THE AUDIT AND EXECUTIVE COMMITTEES AND THEN PRESENTED TO THE FULL BOARD FOR REVIEW BEFORE BEING FILED FORM 990, PART VI, SECTION B, LINE 12C THE BOARD ANNUALLY DISCLOSES ANY INTERESTS THAT THEY HAVE THAT COULD POTENTIALLY BE CONSIDERED CONFLICTS. THE BOARD MEMBER IS REQUIRED THAT IN THE EVENT THAT AN ISSUE ARISES THAT COULD BE A CONFLICT THE MEMBER RECUSE THEMSELF FROM THE DISCUSSION AND SUBSEQUENT VOTE ON THE ISSUE FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION HAS PUBLISHED A BOARD MEMBERS HANDBOOK THAT CONTAINS ITS GOVERNING DOCUMENTS WHICH IS AVAILABLE UPON REQUEST. IN ADDITION CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FORM 990, PART XI, LINE 9: ROUNDING 1.