The High Point Community Foundation is a catalyst for positive change that promotes philanthropy, administers an expanding grants program and serves as a trustworthy partner in responding to Community needs. Our vision is to establish and sustain a permanent financial resource that supports a diverse, healthy, and productive Community for both present and future generations

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$290K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $87K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$290K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
23 mo
of spending, in cash
Looks good: 23.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $32K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5.8M
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 18 voting members
Looks good: 17 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$11.1M
-11% vs prior year
Spent
$6.6M
To programs
82%
Net assets
$100.6M
By yearFY2020–FY2025
Revenue
$11.1M
FY2023▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2020$14.8M
FY2021$15.7M
FY2022$12.5M
FY2023$11.1M
FY2024$1.2M
FY2025$28.9M
Expenses
$6.6M
FY2023▼ -62%
Tap a bar for its year
Expenses by fiscal year
FY2020$14.1M
FY2021$29.2M
FY2022$17.6M
FY2023$6.6M
FY2024$7.3M
FY2025$8.9M
Net assets
$100.6M
FY2023▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$109.0M
FY2021$110.4M
FY2022$90.7M
FY2023$100.6M
FY2024$109.6M
FY2025$124.9M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1991.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $5.4M Management & general 12% · $790K Fundraising 6% · $372K

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

20 people listed on the 990; $290K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$186,100Pt VII · Sec A
Chief Financial Officer
$104,009Pt VII · Sec A
Past Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A

Paul Lessard’s $201K as President is at the 34th percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Paul Lessard$200,703$192,984$186,100$179,537$176,763$174,362
Karol Murks$112,645$108,169$104,009$100,485——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See High Point 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 15aYes

Programs and updates

Administers donor-advised funds and awards grants to local nonprofits to support community improvement, emergency basic needs, and women's initiatives in High Point.

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Provided by the organization

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1 program · $5.4M · in their own filed words · FY2022
01

The high point community foundation's main program is to provide grants to local nonprofit organizations. To that end in this fiscal year the annual grants program granted over $480,000. The heart of high point initiative fund granted over $100,000 to nonprofit organizations providing basic needs for emergencies that might shut down…

$5.4Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$32K
Grants paid · 123 grants · $2.8M · 2019–2024
See all 123 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$11.1M
Ln 12
Gifts and grantsLn 1h$9.2M
Investment incomeLn 3$1.9M
Other incomeLn 4–11$18K
Money outPt IX
$6.6M
Ln 25
Programscol B$5.4M
Managementcol C$790K
Fundraisingcol D$372K
Owns and owesPt X
$100.6M
net assets · Ln 32
Cash and savingsLn 1–2$12.8M
Total assetsLn 16$106.4M
LiabilitiesLn 26$5.8M
PeoplePt VI, VII
20
listed · VII A
PaidVII A2
Voting boardVI 1a18
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9.2M
Noncash giftsLn 1g$3.6M
Investment incomeLn 3$1.9M
Other incomeLn 4–11$18K
Gains on assetsLn 7−$160K
Total revenueLn 12$11.1M
Assets in detailPt X, end of year
CashLn 1$426K
SavingsLn 2$12.4M
Cash and savings togetherLn 1–2$12.8M
InvestmentsLn 11–13$93.0M
Land, buildings, equipmentLn 10c$263K
Other assetsLn 15$318K
Total assetsLn 16$106.4M
LiabilitiesLn 26$5.8M
Net assetsLn 32$100.6M
OperationsPt I, VI
EmployeesI 55
VolunteersI 60
Fiscal year endsHeaderJune
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 FY23End FY23
Cash and savingsLn 1–2$10.0M$12.8M
InvestmentsLn 11–13$85.9M$93.0M
Land, buildings, equipmentLn 10c$273K$263K
Total assetsLn 16$96.3M$106.4M
LiabilitiesLn 26$5.5M$5.8M
Net assetsLn 32$90.7M$100.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5.3M$5.3M
Pay of current officers, directors and key staffLn 5$301K$54K$192K$54K
Other salaries and wagesLn 7$214K$34K$180K
Pension plan contributionsLn 8$12K$2K$7K$2K
Other employee benefitsLn 9$33K$9K$3K$21K
Payroll taxesLn 10$37K$8K$12K$17K
Accounting feesLn 11c$60K$13K$19K$27K
Investment management feesLn 11f$507K$507K
Other fees for servicesLn 11g$8K$2K$3K$4K
Advertising and promotionLn 12$18K$4K$6K$8K
Office expensesLn 13$63K$14K$20K$29K
Information technologyLn 14$5K$1K$2K$2K
TravelLn 17$333$73$107$153
Conferences, conventions and meetingsLn 19$7K$2K$2K$3K
Depreciation, depletion and amortizationLn 22$21K$8K$5K$8K
InsuranceLn 23$9K$2K$3K$4K
Other expenses (24a–d)Ln 24$25K$6K$8K$12K
Total functional expensesLn 25$6.6M$5.4M$790K$372K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $28.9M$8.9M$20.0M$124.9M 990 PDF
FY2024 $1.2M$7.3M−$6.1M$109.6M 990 PDF
FY2023 Viewing $11.1M$6.6M$4.5M$100.6M 990 PDF
FY2022 $12.5M$17.6M−$5.1M$90.7M 990 PDF
FY2021 $15.7M$29.2M−$13.5M$110.4M 990 PDF
FY2020 $14.8M$14.1M$685K$109.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $11,126,941 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,947,470$9,193,876
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $7,544,836$1,914,976
I-11 Other revenuePrior year $13,885$18,089
I-12 Total revenuePrior year $12,506,191$11,126,941
I-13 Grants and similar amounts paidPrior year $16,260,013$5,289,353
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $587,227$596,301
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $776,099$724,559
I-18 Total expensesPrior year $17,623,339$6,610,213
I-19 Revenue less expensesPrior year −$5,117,148$4,516,728
Part VI · Governance 17 of 18 board members independent, no flags
VI-1a Voting members of the governing body18
VI-1b Independent voting members17
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 $11,126,941 across 7 lines filed
VIII-1f All other contributions, gifts and grants$9,193,876
VIII-1g Noncash contributions (included above)$3,592,740
VIII-1h Total contributions, gifts and grants$9,193,876
VIII-3 Investment incomeExcluded from tax $2,074,969$2,074,969
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$159,993−$159,993
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $18,089$18,089
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,933,065$11,126,941
Part IX · Statement of functional expenses $6,610,213 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $5,289,353$5,289,353
IX-5 Pay of current officers, directors and key staffPrograms $54,471 · Management $192,151 · Fundraising $54,471$301,093
IX-7 Other salaries and wagesPrograms $33,795 · Fundraising $179,724$213,519
IX-8 Pension plan contributionsPrograms $2,069 · Management $7,466 · Fundraising $2,069$11,604
IX-9 Other employee benefitsPrograms $8,988 · Management $3,124 · Fundraising $21,049$33,161
IX-10 Payroll taxesPrograms $8,123 · Management $11,816 · Fundraising $16,985$36,924
IX-11c Accounting feesPrograms $13,129 · Management $19,097 · Fundraising $27,451$59,677
IX-11f Investment management feesManagement $507,454$507,454
IX-11g Other fees for servicesPrograms $1,786 · Management $2,597 · Fundraising $3,735$8,118
IX-12 Advertising and promotionPrograms $3,975 · Management $5,782 · Fundraising $8,312$18,069
IX-13 Office expensesPrograms $13,796 · Management $20,068 · Fundraising $28,847$62,711
IX-14 Information technologyPrograms $1,077 · Management $1,566 · Fundraising $2,252$4,895
IX-17 TravelPrograms $73 · Management $107 · Fundraising $153$333
IX-19 Conferences, conventions and meetingsPrograms $1,587 · Management $2,309 · Fundraising $3,319$7,215
IX-22 Depreciation, depletion and amortizationPrograms $8,048 · Management $5,495 · Fundraising $7,900$21,443
IX-23 InsurancePrograms $2,024 · Management $2,944 · Fundraising $4,232$9,200
IX-24 Other expenses (24a–d)Programs $5,598 · Management $8,142 · Fundraising $11,704$25,444
IX-25 Total functional expensesPrograms $5,447,892 · Management $790,118 · Fundraising $372,203$6,610,213
Part X · Balance sheet $106,439,974 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $506,229$426,137
X-2 Savings and temporary cash investmentsStart of year $9,453,885$12,353,454
X-4 Accounts receivableStart of year $92,937$90,103
X-9 Prepaid expenses and deferred chargesStart of year $0$24,653
X-10c Land, buildings and equipment, netStart of year $273,116$262,973
X-11 Publicly traded securitiesStart of year $56,577,520$70,080,817
X-12 Other securitiesStart of year $29,362,676$22,883,995
X-15 Other assetsStart of year $0$317,842
X-16 Total assetsStart of year $96,266,363$106,439,974
X-17 Accounts payable and accrued expensesStart of year $52,664$23,865
X-25 Other liabilitiesStart of year $5,479,901$5,808,464
X-26 Total liabilitiesStart of year $5,532,565$5,832,329
X-27 Net assets without donor restrictionsStart of year $56,732,336$62,014,993
X-28 Net assets with donor restrictionsStart of year $34,001,462$38,592,652
X-32 Total net assets or fund balancesStart of year $90,733,798$100,607,645
X-33 Total liabilities and net assetsStart of year $96,266,363$106,439,974
Part XI · Reconciliation of net assets $100,607,645 net assets at year end
XI-1 Total revenue$11,126,941
XI-2 Total expenses$6,610,213
XI-3 Revenue less expenses$4,516,728
XI-4 Net assets at start of year$90,733,798
XI-5 Net unrealized gains (losses) on investments$5,357,119
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$100,607,645

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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