2013-04-23T08:01:20-05:00 2012-06-30 561753315 BOWMAN PEGG & STARR CPAS PO BOX 2383 HICKORY NC 286032383 990 2011-07-01 561348489 THE SALT BLOCK FOUNDATION INC SALT 8283244906 243 3RD AVENUE NE BOX 7 HICKORY NC 28601 LANDON LANE 8283244906 2013-04-22 MELANIE M STARR P00011394 8283269891 X 2011 2016-03-07 17:11:31Z LANDON LANE 243 3RD AVENUE NE BOX 7 HICKORY NC 28601 764057 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 CATAWBA VALLEY. 22 22 0 0 0 0 492943 520711 106958 101845 139738 121251 3935 5770 743574 749577 0 0 0 0 0 0 0 0 33718 760339 736524 760339 736524 -16765 13053 10603916 10238240 167784 52398 10436132 10185842 X 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 CATAWBA VALLEY. 0 0 654383 223096 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 NONPROFITS. ONE 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, 2011, TOTAL OF 57,778 YOUNG STUDENTS ALONE USED OUR FACILITIES TO INCREASE KNOWLEDGE ABOUT THE NATURAL SCIENCES. A TOTAL EXCEEDING 175,000 INDIVIDUALS VISITED THIS ONE AGENCY HOUSED IN OUR FACILITIES DURING THE FISCAL YEAR. MANY OTHER INDIVIDUALS PARTCIPATED IN VARIOUS PRODUCTIONS, PLAYS AND OTHER EVENTS HELD IN OUR AUDITORIUM. OTHER AGENCIES USE OUR FACILITIES TO DISPLAY ART AND TO REHEARSE FOR VARIOUS COMMUNITY PRODUCTIONS, INCLUDING SYMPHONY AND CHORAL PRODUCTIONS. 654383 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 0 1 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X LANDON LANE ASST TREASURER 8283244906 243 3RD AVENUE NE BOX 7 HICKORY NC 28603 X STEVE MULL 4.50 X X 0 0 0 MARTY SALWEN 4.00 X X 0 0 0 STEVE THOMAS 1.00 X X 0 0 0 LANDON LANE 3.00 X X 0 0 0 LAWRENCE THOMPSON 3.00 X X 0 0 0 HELEN DECUZZI 0.50 X 0 0 0 BARBARA DUGAN 2.00 X 0 0 0 BRANDON HUCKS 0.50 X 0 0 0 JEFF GNIADEK 0.50 X 0 0 0 LINDA GUTTLER 2.00 X 0 0 0 REBECCA HART 0.50 X 0 0 0 MICHAEL P THOMAS 0.50 X X 0 0 0 BRAD LAIL 0.50 X 0 0 0 HANI NASSAR 2.00 X 0 0 0 JOYCE CORBETT 0.50 X 0 0 0 BOB SPULLER 0.50 X 0 0 0 DON COLEMAN 0.10 X 0 0 0 DAVID ZAGAROLI 2.00 X 0 0 0 NANCY BLEDSOE 0.50 X 0 0 0 DR JOHN LEACH 0.10 X 0 0 0 DON NORWOOD 7.00 X X 0 0 0 JAMIE TREADWAY 0.10 X 0 0 0 0 0 0 0 0 0 0 0 243762 276949 520711 CAM CHARGES 900099 86766 86766 RENTAL OF FACILITIES 900099 14759 14759 COMMUNITY ROOM 900099 320 320 101845 103042 103042 23006 6203 0 11000 23006 -4797 18209 18209 9250 3480 5770 5770 749577 223096 0 5770 X 40000 40000 30157 30157 370 370 228810 228810 UTILITIES 156296 156296 CLEANING SERVICE 93468 93468 REPAIRS AND MAINTENANCE 77883 77740 143 COMMUNITY ROOM 28502 28502 81038 69567 7910 3561 736524 654383 48423 33718 414858 152223 644045 179650 123668 10737 8486104 3529213 4484629 4956891 4935141 4933738 1575 5001 10603916 10238240 167784 52398 167784 52398 X 3588019 3704334 1325250 759778 5522863 5721730 10436132 10185842 10603916 10238240 X 13053 -263343 X 0 0 0 X 2138929 1041846 321512 492943 520711 4515941 44186 42343 45489 30341 16289 178648 2183115 1084189 367001 523284 537000 4694589 552195 4142394 210847 126064 161261 139738 126048 763958 5458547 0.75890 0.71770 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5522863 198867 5721730 5472863 50000 5522863 5472863 5472863 5422863 50000 5472863 0 0 750000 750000 750000 484375 265625 6950126 3035722 3914404 35978 9116 26862 4956891 INVESTMENTS 4933738 F 4933738 749577 736524 13053 -279632 16289 -263343 -250290 489714 -279632 16289 3480 -259863 749577 0 749577 740004 3480 3480 736524 0 736524 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE CORPORATION IS A NON-PROFIT CORPORATION ORGANIZED IN ACCORDANCE WITH CHAPTER 55-A OF THE NORTH CAROLINA STATUTES AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501 (C) (3) OF THE INTERNAL CODE AND STATE LAW. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE CORPORATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ADDITION, THE CORPORATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170 (B)(1)(A) AND HAS BEEN CLASSIFIED AS A CORPORATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509 (A) (2). UNDER NORTH CAROLINA STATUTE, THE CORPORATION APPLIES FOR REFUNDS OF ALL SALES TAXES PAID. PART XII, LINE 2D - OTHER ADJUSTMENTS: ADJUSTMENT FOR EXPENSES FOR FUNDRAISING EVENT SHOWN NET ON TAX RETURN 3,480. PART XII, LINE 4B - OTHER ADJUSTMENTS: ADJUSTMENT FOR EXPENSES FOR FUNDRAISING EVENT SHOWN NET ON TAX RETURN PART XIII, LINE 2D - OTHER ADJUSTMENTS: ADJUSTMENT FOR EXPENSES FOR FUNDRAISING EVENT SHOWN NET ON TAX RETURN 3,480. 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 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. ALL OTHER FUNCTIONAL EXPENSES FORM 990, PART X, LINE 24E SUPPLIES: PROGRAM SERVICE EXPENSES 25,176. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 25,176. INSURANCE: PROGRAM SERVICE EXPENSES 23,801. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 23,801. SECURITY: PROGRAM SERVICE EXPENSES 16,232. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,232. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 4,358. MANAGEMENT AND GENERAL EXPENSES 1,872. FUNDRAISING EXPENSES 2,068. TOTAL EXPENSES 8,298. LEGAL AND PROFESSIONAL: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 5,900. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,900. MARKETING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 1,493. TOTAL EXPENSES 1,493. PROPERTY TAXES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 138. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 138. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -279,632. DONATED SERVICES AND USE OF FACILITIES: 16,289. TOTAL TO FORM 990, PART XI, LINE 5: -263,343.