2012-04-02T13:34:27-05:00 2011-06-30 BOWMAN PEGG & STARR CPAS PO BOX 2383 HICKORY NC 286032383 990 2010-07-01 561348489 THE SALT BLOCK FOUNDATION INC SALT 8283244906 243 3RD AVENUE NE BOX 7 HICKORY NC 28601 LANDON LANE 8283244906 2012-03-19 2010 2016-02-24 21:20:13Z LANDON LANE 243 3RD AVENUE NE BOX 7 HICKORY NC 28601 1252575 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 321512 492943 105483 106958 161261 139738 0 3935 588256 743574 0 0 0 0 0 0 0 0 41014 668863 760339 668863 760339 -80607 -16765 10024847 10603916 266642 167784 9758205 10436132 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 669285 246696 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. 669285 1 1 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 10 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 5.00 X X 0 0 0 MARTY SALWEN 0.50 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 MARY ELIZABETH GEITNER 2.00 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 DR DUANE KIRKMAN 0.30 X 0 0 0 BRAD LAIL 0.40 X 0 0 0 HANI NASSAR 1.00 X 0 0 0 LARRY BOWMAN 1.00 X 0 0 0 BOB SPULLER 0.50 X 0 0 0 CORKY UPCHURCH 0.50 X 0 0 0 DAVID ZAGAROLI 0.50 X 0 0 0 NANCY BLEDSOE 0.50 X 0 0 0 ROBERT EADES 0.50 X 0 0 0 DON NORWOOD 5.00 X 0 0 0 JEFF NEUVILLE 1.00 X 0 0 0 0 0 0 0 0 0 0 0 306238 186705 492943 CAM CHARGES 900099 85246 85246 RENTAL OF FACILITIES 900099 21712 21712 106958 104294 104294 535566 500122 35444 35444 35444 12814 8879 3935 3935 743574 246696 0 3935 40000 40000 30890 30890 1868 1165 703 208649 208649 UTILITIES 159873 159873 REPAIRS AND MAINTENANCE 127023 127023 CLEANING SERVICE 98494 98494 SUPPLIES 32563 32563 INSURANCE 22259 22259 38720 20424 8875 9421 760339 669285 50040 41014 296571 414858 1077638 644045 29006 123668 7785032 3300403 4409675 4484629 4210382 4935141 1575 1575 10024847 10603916 36642 167784 230000 0 266642 167784 X 2886983 3588019 1398359 1325250 5472863 5522863 9758205 10436132 10024847 10603916 X -16765 694692 X 0 1 1 X 0 X 93446 2138929 1041846 321512 492943 4088676 44186 42343 45489 30341 162359 93446 2183115 1084189 367001 523284 4251035 618843 3632192 171792 210847 126064 161261 139738 809702 5060737 0.71770 0.69070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5472863 50000 5522863 5472863 5472863 5422863 50000 5472863 0 0 750000 750000 750000 465625 284375 6098316 2821785 3276531 35978 12993 22985 150738 150738 4484629 INVESTMENTS 4935141 F 4935141 743574 760339 -16765 664351 30341 694692 677927 1447145 664351 30341 8879 703571 743574 0 743574 769218 8879 8879 760339 0 760339 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 8,879. 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 8,879. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 664,351. DONATED SERVICES AND USE OF FACILITIES: 30,341. TOTAL TO FORM 990, PART XI, LINE 5: 694,692.