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Burke Charitable Properties INC FY2021 filing

Morganton, NCUnknown exempt organization EIN 56-2121201Revenue $156K in FY2021Latest return filed Nov 14, 2025

On file with the IRSPost Office Box 642 · Morganton, NC

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To own and maintain both real and personal property for the purpose of providing facilities to various non-profit organizations.

89¢ 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $242K a year · 107% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $22K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$990
0.08% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$156K
-0.4% vs prior year
Spent
$181K
To programs
89%
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$156K
FY2021-0.4%
Tap a bar for its year
Revenue by fiscal year
FY2020$156K
FY2021$156K
FY2022$160K
FY2023$105K
FY2024$550K
Expenses
$181K
FY2021▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$159K
FY2021$181K
FY2022$171K
FY2023$258K
FY2024$1.6M
Net assets
$1.2M
FY2021▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.2M
FY2022$1.2M
FY2023$1.0M
FY2024$0

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $160K Management & general 11% · $21K

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
Beth Andrews
Treasurer
$0Pt VII · Sec A
Bill Allman
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Janice Rostan
Board Member
$0Pt VII · Sec A
Jerry Norvell
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Doug Setzer
Vice President
$0Pt VII · Sec A
Russ Sprehe
Board Member
$0Pt VII · Sec A
See Burke Charitable Properties INC executive salaries →

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 and maintains facilities for other nonprofit groups.

Questions for Burke Charitable Properties INC

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1 program · $160K · in their own filed words · FY2021
01

To own and maintain both real and personal property for the purpose of providing facilities to various non-profit organizations.

$160Kprogram 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 · FY2024
Community Foundation of Burke CountyFY2024$22K
Total grants receivedfrom 1 funder$22K
Grants paid · 2 grants · $1.5M · 2024–2024
Burke United Christian MinistriesNC · FY2024$1,000,000
Community Foundation of Burke CountyNC · FY2024$522,460

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$156K
Ln 12
Fees for servicesLn 2g$98K
Gifts and grantsLn 1h$58K
Investment incomeLn 3$54
Money outPt IX
$181K
Ln 25
Programscol B$160K
Managementcol C$21K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$108K
Total assetsLn 16$1.2M
LiabilitiesLn 26$990
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$58K
Fees for servicesLn 2g$98K
Investment incomeLn 3$54
Total revenueLn 12$156K
Assets in detailPt X, end of year
CashLn 1$108K
Cash and savings togetherLn 1–2$108K
Land, buildings, equipmentLn 10c$1.1M
Total assetsLn 16$1.2M
LiabilitiesLn 26$990
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$108K$108K
Land, buildings, equipmentLn 10c$1.1M$1.1M
Total assetsLn 16$1.2M$1.2M
LiabilitiesLn 26$13K$990
Net assetsLn 32$1.2M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$16K$16K
Accounting feesLn 11c$10K$10K
Office expensesLn 13$852$852
OccupancyLn 16$53K$53K
Depreciation, depletion and amortizationLn 22$44K$44K
InsuranceLn 23$6K$2K$3K
Other expenses (24a–d)Ln 24$51K$44K$7K
All other expensesLn 24e$380$380
Total functional expensesLn 25$181K$160K$21K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 14, 2025 $550K$1.6M−$1.0M$0 990 PDF
FY2023Filed with the IRS May 2, 2024 $105K$258K−$152K$1.0M 990 PDF
FY2022Filed with the IRS May 15, 2023 $160K$171K−$11K$1.2M 990 PDF
FY2021 ViewingFiled with the IRS Aug 15, 2022 $156K$181K−$25K$1.2M 990 PDF
FY2020Filed with the IRS Aug 19, 2021 $156K$159K−$3K$1.2M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $155,632 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $49,788$57,556
I-9 Program service revenuePrior year $106,394$98,022
I-10 Investment incomePrior year $39$54
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $156,221$155,632
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $15,717$15,717
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $143,218$164,825
I-18 Total expensesPrior year $158,935$180,542
I-19 Revenue less expensesPrior year −$2,714−$24,910
Part VI · Governance 14 of 14 board members independent, 3 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction 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
Part VIII · Statement of revenue $155,632 across 4 lines filed
Lines not itemized here account for $98,022 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$57,556
VIII-1h Total contributions, gifts and grants$57,556
VIII-3 Investment incomeExcluded from tax $54$54
VIII-12 Total revenueRelated to mission $98,022 · Unrelated business $0 · Excluded from tax $54$155,632
Part IX · Statement of functional expenses $180,542 across 8 lines filed
IX-7 Other salaries and wagesPrograms $15,717$15,717
IX-11c Accounting feesManagement $10,065$10,065
IX-13 Office expensesPrograms $852$852
IX-16 OccupancyPrograms $52,614$52,614
IX-22 Depreciation, depletion and amortizationPrograms $44,431$44,431
IX-23 InsurancePrograms $2,290 · Management $3,436$5,726
IX-24 Other expenses (24a–d)Programs $43,557 · Management $7,200$50,757
IX-24e All other expensesPrograms $380$380
IX-25 Total functional expensesPrograms $159,841 · Management $20,701 · Fundraising $0$180,542
Part X · Balance sheet $1,182,508 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $107,626$107,862
X-4 Accounts receivableStart of year $9,243$7,994
X-10c Land, buildings and equipment, netStart of year $1,102,952$1,066,652
X-16 Total assetsStart of year $1,219,821$1,182,508
X-17 Accounts payable and accrued expensesStart of year $764$990
X-19 Deferred revenueStart of year $12,630$0
X-26 Total liabilitiesStart of year $13,394$990
X-27 Net assets without donor restrictionsStart of year $1,206,427$1,181,518
X-32 Total net assets or fund balancesStart of year $1,206,427$1,181,518
X-33 Total liabilities and net assetsStart of year $1,219,821$1,182,508
Part XI · Reconciliation of net assets $1,181,518 net assets at year end
XI-1 Total revenue$155,632
XI-2 Total expenses$180,542
XI-3 Revenue less expenses−$24,910
XI-4 Net assets at start of year$1,206,427
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year$1,181,518

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

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