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Edgar Tufts Memorial FY2021 filing

Barium Springs, NCUnknown exempt organizationEIN 56-0708071Revenue $52K in FY2021

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.

90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · 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
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$166
0.02% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$52K
+63% vs prior year
Spent
$74K
To programs
90%
Net assets
$770K
By yearFY2020–FY2022
Revenue
$52K
FY2021▲ +63%
Tap a bar for its year
Revenue by fiscal year
FY2020$32K
FY2021$52K
FY2022$20K
Expenses
$74K
FY2021▲ +55%
Tap a bar for its year
Expenses by fiscal year
FY2020$48K
FY2021$74K
FY2022$790K
Net assets
$770K
FY2021▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$792K
FY2021$770K
FY2022$0

From the FY2021 Form 990 (year ending September 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 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

90 cents of each dollar spent went to programs.

Program services 90% · $66K Management & general 10% · $8K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Carroll Garland
Board Member
$0Pt VII · Sec A
Kevin Hodges
Board Member
$0Pt VII · Sec A
Brenda Lyerly
Board Member
$0Pt VII · Sec A
Doug Owen
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Stephanie Knowles
Cpo-Resident
$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 15aNo

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 · $66K · in their own filed words · FY2020
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.

$66Kprogram 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 FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$52K
Ln 12
Gifts and grantsLn 1h$49K
Other incomeLn 4–11$2K
Investment incomeLn 3$561
Money outPt IX
$74K
Ln 25
Programscol B$66K
Managementcol C$8K
Owns and owesPt X
$770K
net assets · Ln 32
Cash and savingsLn 1–2$25K
Total assetsLn 16$770K
LiabilitiesLn 26$166
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$49K
Investment incomeLn 3$561
Other incomeLn 4–11$2K
Total revenueLn 12$52K
Assets in detailPt X, end of year
CashLn 1$25K
Cash and savings togetherLn 1–2$25K
InvestmentsLn 11–13$12K
Land, buildings, equipmentLn 10c$733K
Total assetsLn 16$770K
LiabilitiesLn 26$166
Net assetsLn 32$770K
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 FY21End FY21
Cash and savingsLn 1–2$27K$25K
InvestmentsLn 11–13$10K$12K
Land, buildings, equipmentLn 10c$761K$733K
Total assetsLn 16$798K$770K
LiabilitiesLn 26$7K$166
Net assetsLn 32$792K$770K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$8K$8K
Other fees for servicesLn 11g$25K$25K
Office expensesLn 13$2K$2K
OccupancyLn 16$12K$12K
Depreciation, depletion and amortizationLn 22$27K$27K
Total functional expensesLn 25$74K$66K$8K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $20K$790K−$770K$0 990 PDF
FY2021 Viewing $52K$74K−$22K$770K 990 PDF
FY2020 $32K$48K−$16K$792K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $51,720 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $31,100$48,720
I-9 Program service revenue$0
I-10 Investment incomePrior year $391$561
I-11 Other revenuePrior year $270$2,439
I-12 Total revenuePrior year $31,761$51,720
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 $47,555$73,787
I-18 Total expensesPrior year $47,555$73,787
I-19 Revenue less expensesPrior year −$15,794−$22,067
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $51,720 across 7 lines filed
VIII-1d Related organizations$17,384
VIII-1f All other contributions, gifts and grants$31,336
VIII-1h Total contributions, gifts and grants$48,720
VIII-3 Investment incomeExcluded from tax $561$561
VIII-6 Net rental income or lossRelated to mission $1,329$1,329
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,110$1,110
VIII-12 Total revenueRelated to mission $1,329 · Excluded from tax $1,671$51,720
Part IX · Statement of functional expenses $73,787 across 5 lines filed
IX-11a Management feesManagement $7,680$7,680
IX-11g Other fees for servicesPrograms $25,443$25,443
IX-13 Office expensesPrograms $1,746$1,746
IX-16 OccupancyPrograms $11,734$11,734
IX-22 Depreciation, depletion and amortizationPrograms $27,184$27,184
IX-25 Total functional expensesPrograms $66,107 · Management $7,680 · Fundraising $0$73,787
Part X · Balance sheet $770,265 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $26,670$25,222
X-4 Accounts receivableStart of year $404$52
X-10c Land, buildings and equipment, netStart of year $760,674$733,491
X-13 Program-related investmentsStart of year $10,460$11,500
X-16 Total assetsStart of year $798,208$770,265
X-17 Accounts payable and accrued expensesStart of year $6,521$166
X-26 Total liabilitiesStart of year $6,521$166
X-27 Net assets without donor restrictionsStart of year $791,687$770,099
X-32 Total net assets or fund balancesStart of year $791,687$770,099
X-33 Total liabilities and net assetsStart of year $798,208$770,265
Part XI · Reconciliation of net assets $770,099 net assets at year end
XI-1 Total revenue$51,720
XI-2 Total expenses$73,787
XI-3 Revenue less expenses−$22,067
XI-4 Net assets at start of year$791,687
XI-5 Net unrealized gains (losses) on investments$479
XI-10 Net assets at end of year$770,099

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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