Beaufort Community Foundation

Beaufort, NCUnknown exempt organizationSince 2024 EIN 33-1926956Revenue $82K in FY2025

On file with the IRSbeaufortcommunityfoundation.org601 Cedar Street · Beaufort, NC

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Beaufort Community Foundation is a recently established nonprofit aimed at supporting future enhancements of community waterfront, green spaces, docks and parks.

43¢ of each $1 spent went to programs.
Run by 9 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Spent on programs
43%
of spending
Concern: 43% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
76 mo
of spending, in cash
Looks good: 76.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$82K
+102% vs prior year
Spent
$17K
To programs
43%
Net assets
$105K
By yearFY2024–FY2025
Revenue
$82K
FY2025▲ +102%
Tap a bar for its year
Revenue by fiscal year
FY2024$41K
FY2025$82K
Net assets
$105K
FY2025▲ +162%
Tap a bar for its year
Net assets by fiscal year
FY2024$40K
FY2025$105K

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

43 cents of each dollar spent went to programs.

Program services 43% · $7K Management & general 23% · $4K Fundraising 34% · $6K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary and Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Beaufort Community Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Beaufort Community Foundation is a nonprofit organization based in Beaufort, NC, formed in 2024.

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1 program · $7K · in their own filed words · FY2025
01

Revitalization of Eury Park

Beaufort NC

$7Kprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$82K
Ln 12
Gifts and grantsLn 1h$81K
Investment incomeLn 3$792
Money outPt IX
$17K
Ln 25
Programscol B$7K
Managementcol C$4K
Fundraisingcol D$6K
Owns and owesPt X
$105K
net assets · Ln 32
Cash and savingsLn 1–2$108K
Total assetsLn 16$111K
LiabilitiesLn 26$5K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$81K
Noncash giftsLn 1g$2K
Investment incomeLn 3$792
Total revenueLn 12$82K
Assets in detailPt X, end of year
CashLn 1$20K
SavingsLn 2$88K
Cash and savings togetherLn 1–2$108K
Other assetsLn 15$3K
Total assetsLn 16$111K
LiabilitiesLn 26$5K
Net assetsLn 32$105K
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$36K$108K
Total assetsLn 16$40K$111K
LiabilitiesLn 26$0$5K
Net assetsLn 32$40K$105K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$750$0$750$0
Other fees for servicesLn 11g$15K$7K$2K$6K
InsuranceLn 23$850$0$850$0
Total functional expensesLn 25$17K$7K$4K$6K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $82K$17K$65K$105K 990 PDF
FY2024 $41K$40K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $82,244 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $40,800$81,452
I-9 Program service revenue$0
I-10 Investment income$792
I-11 Other revenue$0
I-12 Total revenuePrior year $40,800$82,244
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $641$16,991
I-18 Total expensesPrior year $641$16,991
I-19 Revenue less expensesPrior year $40,159$65,253
Part VI · Governance 9 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $82,244 across 5 lines filed
VIII-1f All other contributions, gifts and grants$81,452
VIII-1g Noncash contributions (included above)$1,750
VIII-1h Total contributions, gifts and grants$81,452
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$792
VIII-12 Total revenueRelated to mission $792 · Unrelated business $0 · Excluded from tax $0$82,244
Part IX · Statement of functional expenses $16,991 across 3 lines filed
IX-11c Accounting feesPrograms $0 · Management $750 · Fundraising $0$750
IX-11g Other fees for servicesPrograms $7,325 · Management $2,360 · Fundraising $5,706$15,391
IX-23 InsurancePrograms $0 · Management $850 · Fundraising $0$850
IX-25 Total functional expensesPrograms $7,325 · Management $3,960 · Fundraising $5,706$16,991
Part X · Balance sheet $110,864 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $36,159$20,104
X-2 Savings and temporary cash investmentsStart of year $0$88,060
X-15 Other assetsStart of year $4,000$2,700
X-16 Total assetsStart of year $40,159$110,864
X-17 Accounts payable and accrued expensesStart of year $0$5,452
X-26 Total liabilitiesStart of year $0$5,452
X-32 Total net assets or fund balancesStart of year $40,159$105,412
X-33 Total liabilities and net assetsStart of year $40,159$110,864
Part XI · Reconciliation of net assets $105,412 net assets at year end
XI-1 Total revenue$82,244
XI-2 Total expenses$16,991
XI-3 Revenue less expenses$65,253
XI-4 Net assets at start of year$40,159
XI-10 Net assets at end of year$105,412

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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