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POLK County Community Foundation INC

Public charity
Foundations · TRYON, NC · EIN 51-0168751

About

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).

Donations are tax-deductible
Category
Foundations
Employees
5
Volunteers
40

Financial Snapshot

FY ending 2024-12-31
Revenue
$4.4M
Expenses
$3.6M
Assets
$65.7M
Liabilities
$4.3M

Financial history

$4.4M$2.2M$0
192021222324
RevenueExpenses
Latest FY2024: $4.4M · Avg: $3.3M

Political & Grant Activity

Campaign Spending
—
Lobbying
—
Grants Given
$2.8M
POLK COUNTY COMMUNITY FOUNDATION INC
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Address

255 S Trade ST
Tryon, NC, 28782-370

Governance

Voting board members10
Independent members10
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %0.0%
Permanent endowment %100.0%
Endowment held by related orgYes
Public records
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