Associated Foundation Incorporated

Tax-deductible

Belmont, NC501(c)(3)EIN 56-6043197

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501(c)(3) charity; gifts are tax-deductible.
Status: IRS Pub. 78

Before you give

FY2025 · Form 990-PFIndependent: 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-PF
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $6K a year · 13% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
990-PF Pt I · 4 filings
Cash reserves
7 mo
of spending, in cash
Looks good: 6.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$521
0.05% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$50K
+35% vs prior year
Spent
$44K
Net assets
$957K
By yearFY2020–FY2025
Revenue
$50K
FY2025▲ +35%
Revenue by fiscal year
FY2020$30K
FY2021$50K
FY2023$37K
FY2025$50K
Expenses
$44K
FY2025▼ -11%
Expenses by fiscal year
FY2020$45K
FY2021$50K
FY2023$49K
FY2025$44K
Net assets
$957K
FY2025▲ +23%
Net assets by fiscal year
FY2020$788K
FY2021$893K
FY2023$775K
FY2025$957K

From the FY2025 Form 990 (year ending September 2025) · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1949.

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

Where the money goes

What each dollar paid for.

Grants & contributions paid 71% · $31K Operating & administrative 29% · $13K

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

3 people listed on the 990-PF.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See Associated Foundation Incorporated executive salaries →

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Programs and updates

A private foundation based in Belmont, NC.

Provided by the organization

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 18 grants · $31K · 2024–2024
Belmont Abbey CollegeNC · FY2024$8,000
First Presbyterian ChurchFY2024$6,500
Individual RecipientFY2024$2,500
SpoletoFY2024$2,500
Wildacres RetreatNC · FY2024$2,500
Individual RecipientFY2024$1,500
South Point High SchoolFY2024$1,500
Als United INCOR · FY2024$500
Individual RecipientFY2024$500
Gaston Arts CouncilNC · FY2024$500
Individual RecipientFY2024$500
Individual RecipientFY2024$500
Aj and the Cool Kids INCNC · FY2024$250
Belmont Historical SocietyFY2024$250

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV9
Average grantPart XV$2K
Median grantPart XV$500
Largest grantPart XV$8K
Top cause focusNTEEColleges & Universities (11%)

By the numbers

The FY2025 990-PF, line by line.

1The main four
Money in
$50K
Investment income$50K
Money out
$44K
Grants paid$31K
Running costs$13K
Owns and owes
$957K
net assets
Cash and savings$24K
Total assets$957K
Liabilities$521
People
3
listed
Paid0
2In more detail
Revenue in detail
Investment income$50K
Total revenue$50K
Assets in detailEnd of year
Cash and savings together$24K
Total assets$957K
Liabilities$521
Net assets$957K
Operations
Fiscal year endsSeptember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $50K$44K$6K$957K 990 PDF
FY2024 Not on file
FY2023 $37K$49K−$12K$775K 990 PDF
FY2022 Not on file
FY2021 $50K$50K−$373$893K 990 PDF
FY2020 $30K$45K−$15K$788K 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

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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