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Edgar Tufts Memorial FY2020 filing

Barium Springs, NCUnknown exempt organization EIN 56-0708071Revenue $32K in FY2020

On file with the IRSPo Box 1 · Barium Springs, NC

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To honor the loving memory of the reverend Edgar Tufts, while providing safe and wholesome family-centered recreational opportunities at wildcat lake and Tufts park.

88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 3
filings with a surplus
Average deficit $269K a year · 782% of revenue · last 3 filings
Concern: a surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 6.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$7K
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$32K
Spent
$48K
To programs
88%
Net assets
$792K
By yearFY2020–FY2022
Revenue
$32K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$32K
FY2021$52K
FY2022$20K
Expenses
$48K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$48K
FY2021$74K
FY2022$790K
Net assets
$792K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$792K
FY2021$770K
FY2022$0

From the FY2020 Form 990 (year ending September 2020) · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $42K Management & general 12% · $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

14 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Stephanie Knowles
Cpo - Reside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Kevin Angell
Cpo-Communit
$0Pt VII · Sec A
$0Pt VII · Sec A
Carroll Garland
Board Member
$0Pt VII · Sec A
See Edgar Tufts Memorial 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 15aYes

Programs and updates

Provides safe, family-centered recreation at Wildcat Lake and Tufts Park.

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Provided by the organization

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1 program · $42K · in their own filed words · FY2019
01

The corporation is organized to oversee the operations of wildcat lake and its surrounding lands, to instill an appreciation of the natural environment and of the grandfather mountain watershed in particular, and to provide recreational and aesthetic opportunities for religious and charitable institutions and for the local community.

$42Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $771K · 2021–2021
Properties for ChildrenNC · FY2021$762,116
Children's Hope Alliance FoundationNC · FY2021$8,687

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$32K
Ln 12
Gifts and grantsLn 1h$31K
Investment incomeLn 3$391
Other incomeLn 4–11$270
Money outPt IX
$48K
Ln 25
Programscol B$42K
Managementcol C$6K
Owns and owesPt X
$792K
net assets · Ln 32
Cash and savingsLn 1–2$27K
Total assetsLn 16$798K
LiabilitiesLn 26$7K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$31K
Investment incomeLn 3$391
Other incomeLn 4–11$270
Total revenueLn 12$32K
Assets in detailPt X, end of year
CashLn 1$27K
Cash and savings togetherLn 1–2$27K
InvestmentsLn 11–13$10K
Land, buildings, equipmentLn 10c$761K
Total assetsLn 16$798K
LiabilitiesLn 26$7K
Net assetsLn 32$792K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$9K$27K
InvestmentsLn 11–13$10K$10K
Land, buildings, equipmentLn 10c$789K$761K
Total assetsLn 16$807K$798K
LiabilitiesLn 26$147$7K
Net assetsLn 32$807K$792K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$6K$6K
OccupancyLn 16$5K$5K
Depreciation, depletion and amortizationLn 22$28K$28K
Other expenses (24a–d)Ln 24$9K$9K
Total functional expensesLn 25$48K$42K$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $20K$790K−$770K$0 990 PDF
FY2021 $52K$74K−$22K$770K 990 PDF
FY2020 Viewing $32K$48K−$16K$792K 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 FY2020 990 (6 parts)
Part I · Summary $31,761 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $57,407$31,100
I-9 Program service revenue$0
I-10 Investment incomePrior year $497$391
I-11 Other revenuePrior year $1,710$270
I-12 Total revenuePrior year $59,614$31,761
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 $80,470$47,555
I-18 Total expensesPrior year $80,470$47,555
I-19 Revenue less expensesPrior year −$20,856−$15,794
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $31,761 across 6 lines filed
VIII-1d Related organizations$22,694
VIII-1f All other contributions, gifts and grants$8,406
VIII-1h Total contributions, gifts and grants$31,100
VIII-3 Investment incomeExcluded from tax $391$391
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $270$270
VIII-12 Total revenueExcluded from tax $661$31,761
Part IX · Statement of functional expenses $47,555 across 4 lines filed
IX-11a Management feesManagement $5,893$5,893
IX-16 OccupancyPrograms $4,936$4,936
IX-22 Depreciation, depletion and amortizationPrograms $27,942$27,942
IX-24 Other expenses (24a–d)Programs $8,784$8,784
IX-25 Total functional expensesPrograms $41,662 · Management $5,893 · Fundraising $0$47,555
Part X · Balance sheet $798,208 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $8,574$26,670
X-4 Accounts receivableStart of year $368$404
X-10c Land, buildings and equipment, netStart of year $788,617$760,674
X-13 Program-related investmentsStart of year $9,542$10,460
X-16 Total assetsStart of year $807,101$798,208
X-17 Accounts payable and accrued expensesStart of year $147$6,521
X-26 Total liabilitiesStart of year $147$6,521
X-27 Net assets without donor restrictionsStart of year $804,386$791,687
X-32 Total net assets or fund balancesStart of year $806,954$791,687
X-33 Total liabilities and net assetsStart of year $807,101$798,208
Part XI · Reconciliation of net assets $791,687 net assets at year end
XI-1 Total revenue$31,761
XI-2 Total expenses$47,555
XI-3 Revenue less expenses−$15,794
XI-4 Net assets at start of year$806,954
XI-5 Net unrealized gains (losses) on investments$527
XI-10 Net assets at end of year$791,687

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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