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Burke Charitable Properties INC FY2023 filing

Morganton, NCUnknown exempt organization EIN 56-2121201Revenue $105K in FY2023Latest 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.

96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · 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
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
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
$672
0.07% 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
$105K
-34% vs prior year
Spent
$258K
To programs
96%
Net assets
$1.0M
By yearFY2020–FY2024
Revenue
$105K
FY2023▼ -34%
Tap a bar for its year
Revenue by fiscal year
FY2020$156K
FY2021$156K
FY2022$160K
FY2023$105K
FY2024$550K
Expenses
$258K
FY2023▲ +50%
Tap a bar for its year
Expenses by fiscal year
FY2020$159K
FY2021$181K
FY2022$171K
FY2023$258K
FY2024$1.6M
Net assets
$1.0M
FY2023▼ -13%
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 FY2023 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2023 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

96 cents of each dollar spent went to programs.

Program services 96% · $246K Management & general 4% · $11K

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

Something off? Claim to add context

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
$0Pt VII · Sec A
Mark Rostan
Board Member
$0Pt VII · Sec A
Jerry Norvell
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Doug Setzer
President
$0Pt VII · Sec A
Tom Starnes
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 · $246K · in their own filed words · FY2023
01

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

$246Kprogram 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 FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$105K
Ln 12
Other incomeLn 4–11$98K
Gifts and grantsLn 1h$7K
Investment incomeLn 3$40
Money outPt IX
$258K
Ln 25
Programscol B$246K
Managementcol C$11K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$9K
Total assetsLn 16$1.0M
LiabilitiesLn 26$672
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$7K
Investment incomeLn 3$40
Other incomeLn 4–11$98K
Total revenueLn 12$105K
Assets in detailPt X, end of year
CashLn 1$9K
Cash and savings togetherLn 1–2$9K
Accounts receivableLn 4$2K
Land, buildings, equipmentLn 10c$1.0M
Total assetsLn 16$1.0M
LiabilitiesLn 26$672
Net assetsLn 32$1.0M
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 FY23End FY23
Cash and savingsLn 1–2$106K$9K
Land, buildings, equipmentLn 10c$1.1M$1.0M
Total assetsLn 16$1.2M$1.0M
LiabilitiesLn 26$683$672
Net assetsLn 32$1.2M$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$17K$17K
Payroll taxesLn 10$1K$1K
Management feesLn 11a$19K$19K
Accounting feesLn 11c$10K$10K
Office expensesLn 13$1K$1K
Depreciation, depletion and amortizationLn 22$47K$47K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$155K$155K
Total functional expensesLn 25$258K$246K$11K$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
FY2023 ViewingFiled 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
FY2021Filed 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 FY2023 990 (6 parts)
Part I · Summary $105,398 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $57,701$6,901
I-9 Program service revenuePrior year $102,581$0
I-10 Investment incomePrior year $52$40
I-11 Other revenuePrior year $0$98,457
I-12 Total revenuePrior year $160,334$105,398
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 $16,545$17,774
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $154,591$239,775
I-18 Total expensesPrior year $171,136$257,549
I-19 Revenue less expensesPrior year −$10,802−$152,151
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 $105,398 across 5 lines filed
VIII-1f All other contributions, gifts and grants$6,901
VIII-1h Total contributions, gifts and grants$6,901
VIII-3 Investment incomeRelated to mission $40$40
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $98,457$98,457
VIII-12 Total revenueRelated to mission $98,497 · Unrelated business $0 · Excluded from tax $0$105,398
Part IX · Statement of functional expenses $257,549 across 8 lines filed
IX-7 Other salaries and wagesPrograms $16,511$16,511
IX-10 Payroll taxesPrograms $1,263$1,263
IX-11a Management feesPrograms $19,400$19,400
IX-11c Accounting feesManagement $9,785$9,785
IX-13 Office expensesManagement $1,489$1,489
IX-22 Depreciation, depletion and amortizationPrograms $47,374$47,374
IX-23 InsurancePrograms $6,229$6,229
IX-24 Other expenses (24a–d)Programs $155,498$155,498
IX-25 Total functional expensesPrograms $246,275 · Management $11,274 · Fundraising $0$257,549
Part X · Balance sheet $1,019,238 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $106,268$9,248
X-4 Accounts receivableStart of year $9,956$2,189
X-10c Land, buildings and equipment, netStart of year $1,055,175$1,007,801
X-16 Total assetsStart of year $1,171,399$1,019,238
X-17 Accounts payable and accrued expensesStart of year $683$672
X-26 Total liabilitiesStart of year $683$672
X-27 Net assets without donor restrictionsStart of year $1,170,716$1,018,566
X-32 Total net assets or fund balancesStart of year $1,170,716$1,018,566
X-33 Total liabilities and net assetsStart of year $1,171,399$1,019,238
Part XI · Reconciliation of net assets $1,018,566 net assets at year end
XI-1 Total revenue$105,398
XI-2 Total expenses$257,549
XI-3 Revenue less expenses−$152,151
XI-4 Net assets at start of year$1,170,716
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,018,566

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

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