2025-10-02T15:00:08+00:00 2024-12-31 440160260 Forvis Mazars LLP 4161 Piedmont Parkway Suite 310 Greensboro NC 27410 990 2024-01-01 510168751 Polk County Community Foundation Inc POLK 8288595314 255 South Trade Street Tryon NC 28782 Peter Franklin Board Chair 2025-10-02 true true Brian Doud P01748393 3368895156 2025-10-02 2024 2025-03-06 01:10:19Z Peter Franklin 255 South Trade Street Tryon NC 28782 6853831 false X www.polkccf.org X 1975 NC To administer funds entrusted to it to support charitable, cultural, educational and publicly beneficial charitable activities in the community centered in and around Polk County, N.C. 10 10 5 40 0 489668 1573292 0 1808373 2500137 251650 285911 2549691 4359340 2238821 2816454 0 629164 624938 0 54308 223966 206185 3091951 3647577 -542260 711763 62182358 65749988 4214665 4263527 57967693 61486461 X To administer funds entrusted to support charitable, cultural, educational and publicly beneficial activities in the community centered in and around Polk County, N.C. both by directly expending sums for such purposes and in cooperation with institutions qualified to carry out these objectives most efficiently. The foundation works with donors (both individuals and charitable organizations) to establish funds to benefit one or more named charities, to accomplish a certain objective (provide for cultural events, encourage the development of agriculture, provide free activities for youth, improve classroom teaching, etc.), to award scholarships to local students, and to allow the board of the Polk County Community Foundation to address the needs of the community as they change from time to time (unrestricted funds). false true 3312990 2816454 2786048 The Community Foundation is dedicated to improving the quality of life in Polk County, NC, and the surrounding areas. It fulfills this mission by: Awarding grants from unrestricted funds to support meaningful local nonprofit projects Providing vocational and college scholarships to local students Distributing income from endowment funds according to donor or nonprofit guidelines Administering planned giving programs Offering resources and meeting spaces for nonprofits Helping donors and nonprofits achieve their charitable goals The Foundation currently administers over 225 charitable funds. In response to Hurricane Helene, the Board of Directors authorized the use of the Emergency Relief Fund to address urgent community needs. Additionally, three new grantmaking funds were established: The Repair and Rebuilding Fund The Green River Restoration Fund The Pacolet Valley Restoration Fund These funds enabled the launch of a streamlined grant application process, allowing for the quick and effective distribution of critical resources. They support organizations focused on recovery, reconstruction, and restoration efforts, as well as those impacted by the storm, helping them reopen and continue serving the community. 3312990 true true false false false true false false true true true true false false true true false true false false false false false false false false false true true true false false false false false false false false false false true false false false false true false false false false true 7 0 true 5 true false false false false false false false false false false false false false false false X 10 10 false false false false false false false true true false false false true true true true true true true false false false X X X Sara Bell 8288595314 255 South Trade Street Tryon NC 28782 A Thomas Jackson Treasurer 1.0 1.0 X X 0 0 0 Monica E Jones Secretary 1.0 1.0 X X 0 0 0 Peter R Franklin Vice Chair 1.0 1.0 X X 0 0 0 Sherry M Carter Chair 1.0 1.0 X X 0 0 0 Carolyn Gibson 1.0 1.0 X 0 0 0 Dale L McEntire 1.0 1.0 X 0 0 0 Frances H Parker 1.0 1.0 X 0 0 0 Kevin D Burnett 1.0 1.0 X 0 0 0 Norma W Batchelder 1.0 1.0 X 0 0 0 Susan S McHugh 1.0 1.0 X 0 0 0 Sara Barron Bell President & CEO 40.0 10.0 X 201250 0 40250 201250 0 40250 1 false true false 0 1573292 222784 1573292 0 0 0 0 0 1424072 1424072 0 0 3570556 2494491 1076065 0 1076065 1076065 0 PCCF Management Fee 561000 285911 285911 0 0 0 0 285911 4359340 2786048 0 0 2432748 2432748 383706 383706 241500 181125 55545 4830 150089 89363 46708 14018 95669 56961 29772 8936 137680 81975 42846 12859 17131 17131 34447 34447 0 0 0 0 50506 30072 15717 4717 48522 28890 15100 4532 8299 8299 23581 14040 7338 2203 23699 14110 7376 2213 0 0 0 0 3647577 3312990 280279 54308 200 200 269190 374742 0 0 0 0 142 799 1070019 607728 304542 462291 61608284 64911956 0 0 0 62182358 65749988 4590 5844 0 0 4210075 4257683 4214665 4263527 25370540 25806722 32597153 35679739 57967693 61486461 62182358 65749988 X 711763 2797175 9830 X false true true false X 2331711 860045 2079172 489668 1573292 7333888 0 0 2331711 860045 2079172 489668 1573292 7333888 2576701 4757187 880990 1098840 897758 1490524 1424072 5792184 0 0 0 0 0 0 0 13126072 0 0.36242 0.29735 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11 1000 41800 365415 true true true 2168424 451828 188263 2431989 false 10698090 10698090 10698090 10698090 10698090 10698090 10698090 10698090 10698090 10698090 0.0 1.0 0.0 false true true 733461 363178 370283 236046 146120 89926 100512 98430 2082 462291 Closely-held equity interests Financial derivatives Mutual Funds 64911956 F 64911956 Federal Income Taxes Due to Other Organizations 2901063 Trust Liability 1356620 4257683 X 7173784 2797175 17269 2814444 4359340 0 0 4359340 3655016 7439 7439 3647577 0 0 3647577 Schedule D, Part IV, Line 1b Agent, trustee, custodian, or other intermediary arrangement The organization is trustee to several charitable remainder trusts in which it is not named as an irrevocable beneficiary. Each trust has filed form 1041 for the year. Schedule D, Part V, Line 4 Intended uses of endowment funds To give grants in Polk County, NC for charitable, educational, medical and community benefit purposes within the meaning of Section 501(c)(3) and 170(c)(2) of the Internal Revenue Code of 1986 and support the Polk County Community Foundation. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE FOUNDATION HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A CHARITABLE ORGANIZATION AS DESCRIBED IN SECTION 501(C (3) OF THE INTERNAL REVENUE CODE (IRC) AND IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE FOUNDATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF DECEMBER 31, 2024 OR 2023. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Change in Split Interest - 17269 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 EXPENSES FROM TRUSTS - 7439 true Aspire Polk County PO Box 520 Columbus NC 28722 882598593 501(c)(3) 20000 Support for child and family services Big Brothers Big Sisters of WNC 301 North Trade St Tryon NC 28782 581505917 501(c)(3) 29410 Support for mentoring programs in Polk County Children's Theater Festival PO Box 422 Tryon NC 28782 271131837 501(c)(3) 21969 Support for annual Super Saturday Event Conserving Carolina 847 Case St Hendersonville NC 28792 566449365 501(c)(3) 302630 Support for land conservation Episcopal Church of the Holy Cross 150 Melrose Ave Tryon NC 28782 560559095 CHURCH 103880 Endowment fund distributions for operating support e-Polk Inc PO Box 340 Tryon NC 28782 300156436 501(c)(3) 10000 Support for nonprofit broadband connectivity FENCE 3381 Hunting Country Rd Tryon NC 28782 581596812 501(c)(3) 170946 Support for 400+ acre nature & equestrian center Foothills Humane Society Inc 989 Little Mountain Rd Columbus NC 28722 581413121 501(c)(3) 28169 Support for animal welfare in Polk County Go Global NC Council Inc PO Box 2162 Wake Forest NC 27588 561751280 501(c)(3) 35000 Support for international fellowships for local educators Housing Assistance 214 N King St Hendersonville NC 28792 581831757 501(c)(3) 73057 Support for safe & affordable housing Lanier Library Association 72 Chestnut St Tryon NC 28782 560582029 501(c)(3) 82559 Support for library programs & facilities Mountain True 29 North Market St Asheville NC 28801 561422691 501(c)(3) 57200 Support for environmental & conservation efforts Pisgah Legal Services PO Box 2276 Asheville NC 28802 561191115 501(c)(3) 35000 Support for free legal services Polk County Campus ICC Foundation Inc 1255 West Mills St Columbus NC 28722 581507998 501(c)(3) 5300 Endowment fund distribution for New Century scholarship program for students Polk County Film Initiative 285 North Trade St Tryon NC 28782 473556104 501(c)(3) 19500 Support for educational filmmaking programs Polk County Governmennt PO Box 308 Columbus NC 28722 566000333 Government 62461 Support for farmers markets, youth soccer camp, MCA feasibility study & advancement of agriculture in our community Polk County Sheltered Workshop 451 Industrial Park Dr Columbus NC 28722 570519270 501(c)(3) 24500 Support for developmentally disabled vocational & recreational programs Polk County Schools PO Box 638 Columbus NC 28722 566001098 Government 229182 Support for gifted camps, band program, field trips, internships, teacher conferences, educational travel, community partnerships, mentoring & special projects Polk County 4-H Youth Foundation PO Box 187 Columbus NC 28722 566049531 501(c)(3) 6277 Support for youth development & education Roseland Community Center Inc PO Box 83 Tryon NC 28782 560993404 501(c)(3) 57960 Support for community center youth & adult programs Rotary Club of Tryon Foundation PO Box 923 Tryon NC 28782 223832590 501(c)(3) 12900 Endowment fund distribution for operating support Saluda Community Land Trust Inc PO Box 732 Saluda NC 28773 208869652 501(c)(3) 49134 Support for land conservation & community programs in the greater Saluda area Saluda City of PO Box 248 Saluda NC 28773 566000238 Government 30000 Support for parks & recreational amenities Saluda Downtown Foundation Inc Po Box 601 Saluda NC 28773 472905227 501(c)(3) 11200 Support for community events & programs Saluda Historic Depot PO Box 990 Saluda NC 28773 473440546 501(c)(3) 6101 Support for history museum programs & facilities Saluda Pop Up Pantry PO Box 428 Saluda NC 28773 854044389 501(c)(3) 12740 Support for food pantry programs Saluda Senior Center 64 Greenville St Saluda NC 28773 581960047 501(c)(3) 15000 Support for capital improvements & community programs St Luke's Hospital 101 Hospital Dr Columbus NC 28722 560554222 501(c)(3) 17140 Endowment fund distribution to support general operating expenses St Luke's Hospital Foundation 89 West Mills St Suite B Columbus NC 28722 561757097 501(c)(3) 64504 Support for St. Luke's Hospital health programs, equipment & operations Steps to Hope Inc PO Box 518 Columbus NC 28722 561484890 501(c)(3) 61039 Support for domestic violence victims shelter operations & programs Sunny View Clubhouse 100 Gerald Gibbs Road Mill Spring NC 28756 900933214 501(c)(3) 11300 Support for community programs & operations Thermal Belt Friendship Council PO Box 414 Lynn NC 28750 571163800 501(c)(3) 8910 Support for community programs & operations Thermal Belt Outreach Ministry PO Box 834 Columbus NC 28722 561793796 501(c)(3) 254358 Support for food distribution, housing, medical & financial assistance for those in need Tryon Arts & Crafts Inc 373 Harmon Field Rd Tryon NC 28782 560946889 501(c)(3) 98262 Support for arts education programs, community events, operations & facilities Tryon Concert Association PO Box 32 Tryon NC 28782 300356647 501(c)(3) 10700 Support for community concerts Tryon Fine Arts Center 34 Melrose Ave Tryon NC 28782 566086694 501(c)(3) 170009 Support for community arts center programs, operations & facilities Tryon First Baptist Church 125 Pacolet St Tryon NC 28782 560615202 Church 61307 Endowment fund distributions for charitable purposes of the church Tryon Garden Club Inc PO Box 245 Tryon NC 28782 560850156 501(c)(3) 75062 Endowment fund distributions for operating support Tryon Little Theater PO Box 654 Tryon NC 28782 566061468 501(c)(3) 83500 Support for theater programs & community center Tryon Painters & Sculptors PO Box 384 Tryon NC 28782 237057270 501(c)(3) 70870 Support for art gallery programs, facilities & operations Tryon Presbyterian Church 430 Harmon Field Rd Tryon NC 28782 560746008 Church 7160 Endowment fund distributions for general support UNC - Chapel Hill 103 South Building Campus Box 9100 Chapel Hill NC 27599 566001393 501(c)(3) 40000 Support for Carolina College Advising Corps program in Polk County Schools Upstairs Artspace PO Box 553 Tryon NC 28782 581379476 501(c)(3) 32062 Support for art gallery programs, facilities and operations YMCA of Greater Spartanburg 151 Ribault St Spartanburg SC 29302 570314425 501(c)(3) 18700 Support for new Polk County YMCA building 44 0 Scholarship 104 383706 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds COMPETITIVE GRANT AWARDS: WRITTEN GRANT APPLICATIONS ARE SUBMITTED TO A FOUNDATION COMMITTEE COMPOSED OF COMMUNITY VOLUNTEERS WHO SERVE 3 YEAR TERMS. THE COMMITTEE REVIEWS DETAILED FINANCIAL AND MANAGEMENT INFORMATION AND CONDUCTS INTERVIEWS TO FULLY UNDERSTAND THE PROPOSED PROJECT AND APPLICANT. GRANT REPORTS ARE REQUIRED. GRANTS ARE MADE TO LOCAL 501(C)(3) ORGANIZATIONS AND UNITS OF GOVERNMENT. GRANT COMMITTEES SUBMIT THEIR RECOMMENDATIONS TO THE BOARD WHICH PROVIDES OVERSIGHT, CHECKS FOR CONFLICTS AND APPROVES GRANTS. NON-COMPETITIVE GRANT AWARDS AND DONOR ADVISED FUND GRANTS: THESE GRANTS ARE MADE TO 501(C)(3) ORGANIZATIONS, CHURCHES AND UNITS OF GOVERNMENT. INFORMATION REGARDING ALL NEW RECIPIENTS OF DONOR ADVISED FUND GRANTS IS EXAMINED BY A COMMITTEE AND THEN THE BOARD VOTES ON THE COMMITTEE'S RECOMMENDATION. THE BOARD ANNUALLY REVIEWS AND RATIFIES ALL DONOR ADVISED FUND GRANTS. DONORS AND CHARITABLE RECIPIENTS CONFIRM THAT THE DONORS DO NOT RECEIVE ANY PERSONAL BENEFITS FROM DONOR ADVISED FUND GRANTS AND THE GRANTS ARE NOT TO SATISFY PLEDGES. CONFIRMATION OF STATUS: WE KEEP ON FILE THE IRS DETERMINATION / 501(C)(3) LETTERS FROM ALL ORGANIZATIONS RECEIVING GRANTS AND CHECK THE IRS WEBSITE FOR UPDATES BEFORE DISBURSING GRANTS. X X X X X false false false false false false false false false Sara Barron Bell President & CEO 201250 0 0 0 0 0 40250 0 0 0 241500 0 0 0 3 222784 Market value 0 false false false Form 990, Part III, Line 3 Significant changes in program services In response to Hurricane Helene, the Board of Directors authorized the use of the previously established Emergency Relief Fund to meet urgent needs in Polk County. Additionally, the Board of Directors established three new Grantmaking Funds: The Repair and Rebuilding Fund, the Green River Restoration Fund, and the Pacolet Valley Restoration Fund. These funds enabled the launch of simplified grantmaking applications and processes, allowing for the efficient and effective distribution of crucial funding into the community to organizations working on repair, reconstruction, and restoration efforts as well as grantmaking for organizations impacted by the storm to help them recover, reopen, and return to serving our community. Form 990, Part VI, Line 11b Review of form 990 by governing body All Board members receive a copy of the 990 to review, and any comments or questions are discussed in a Board Meeting before filing the 990. Form 990, Part VI, Line 12c Conflict of interest policy The nominating committee and the board of directors do not allow any volunteers who have impermissible conflicts of interest to serve the Polk County Community Foundation, Inc. Possible conflicts of interest are discussed regularly at full board meetings and noted in the minutes. The secretary, who prepares the minutes and attends all board meetings, keeps a running list of all potential conflicts so these conflicts are raised at the appropriate times before voting. All board members are aware of the potential harm of any appearance of impropriety and all diligently seek to make sure that their own actions and the actions of all others in positions of potential power are beyond reproach. Committee members who make grant recommendations to the board for its approval are not permitted to participate in the process if they have conflicts. Conflict checks are routine and test for both actual and the appearance of conflicts. Written and signed conflict of interest forms are required from every board and committee member. Form 990, Part VI, Line 15a Process to establish compensation of top management official The Compensation Committee is comprised of the four officers of the Board of Directors. This committee evaluates CEO compensation in these ways: comparison of top management compensation and responsibilities of other similar organizations in the region; evaluation of CEO's education, professional experience, and responsibilities; and review and comparison of national and state publications regarding non-profit CEO compensation. Form 990, Part VI, Line 19 Required documents available to the public The governing documents, conflict of interest policy and financial statements including the Form 990 are available to the public upon request during the normal business hours of 9:00 - 4:00 Monday - Thursday and 9:00 - 12:00 Friday at the office of the Polk County Community Foundation, located at 255 South Trade Street, Tryon, N.C. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in split interest - 17269; Beneficiary Distribution - -7439; Marjorie M and Lawrence R Bradley Endowment Fund of Polk County NC 255 South Trade St Tryon NC 28782 202953427 Support Organization NC 501(c)(3) Type I NA false false false false false false false false false false false false false false true true false false false true Schedule R, Part V, Line 1s Name of Related Organization: Marjorie M and Lawrence R Bradley Endowment Transaction Type: S Amount Involved: $243,002 Method of Determining Amount Involved: Percentage Fee for Management