philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Holly Forest Association INC

Not tax-deductible

Sapphire, NC501(c)(4) EIN 57-0558211Revenue $1.2M in FY2024Latest return filed Nov 5, 2025

On file with the IRS127-B Cherokee Trail, 28774-0000 · Sapphire, NCTax-exempt since Dec 1984

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $1,000 a year, plus $10 a year for the ID check.

How does your 990 look to donors? Take the 10-Question Audit

Maintenance, care, and operations of common areas and roadways owned by the Association and accessible by the public.

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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
3 of 5
filings with a surplus
Average surplus $15K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
16 mo
of spending, in cash
Looks good: 16.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$748K
49% of total assets
Looks good: liabilities are 49% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+22% vs prior year
Spent
$1.0M
To programs
92%
Net assets
$776K
By yearFY2020–FY2024
Revenue
$1.2M
FY2024▲ +22%
Tap a bar for its year
Revenue by fiscal year
FY2020$826K
FY2021$815K
FY2022$858K
FY2023$989K
FY2024$1.2M
Expenses
$1.0M
FY2024▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2020$665K
FY2021$1.1M
FY2022$960K
FY2023$846K
FY2024$1.0M
Net assets
$776K
FY2024▲ +36%
Tap a bar for its year
Net assets by fiscal year
FY2020$860K
FY2021$532K
FY2022$429K
FY2023$572K
FY2024$776K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1984.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $920K Management & general 8% · $81K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Melissa McKinnon
Vice Preside
$0Pt VII · Sec A
John Hill
Treasurer
$0Pt VII · Sec A
Clay Beasley
Director
$0Pt VII · Sec A
Scott Bebout
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Holly Forest Association 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

Maintains and cares for common areas and public roadways.

Questions for Holly Forest Association INC

Tap to ask. Holly Forest Association INC sees how many people are interested.

Your first name shows with your question. Holly Forest Association INC answers here, for everyone.

1 program · $920K · in their own filed words · FY2024
01

Maintenance, care, and operations of common areas and roadways owned by the association and accessible by the public.

$920Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.2M
Ln 12
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$4K
Money outPt IX
$1.0M
Ln 25
Programscol B$920K
Managementcol C$81K
Owns and owesPt X
$776K
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$1.5M
LiabilitiesLn 26$748K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$4K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
SavingsLn 2$1.3M
Cash and savings togetherLn 1–2$1.3M
Land, buildings, equipmentLn 10c$164K
Total assetsLn 16$1.5M
LiabilitiesLn 26$748K
Net assetsLn 32$776K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.1M$1.3M
Land, buildings, equipmentLn 10c$164K$164K
Total assetsLn 16$1.2M$1.5M
LiabilitiesLn 26$664K$748K
Net assetsLn 32$572K$776K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$30K$30K
Accounting feesLn 11c$14K$14K
Other fees for servicesLn 11g$871K$790K$81K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$76K$76K
Total functional expensesLn 25$1.0M$920K$81K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 5, 2025 $1.2M$1.0M$204K$776K 990 PDF
FY2023Filed with the IRS Mar 11, 2025 $989K$846K$143K$572K 990 PDF
FY2022Filed with the IRS Aug 7, 2023 $858K$960K−$103K$429K 990 PDF
FY2021Filed with the IRS Aug 31, 2022 $815K$1.1M−$329K$532K 990 PDF
FY2020Filed with the IRS Aug 9, 2021 $826K$665K$161K$860K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,205,129 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $988,201$1,201,611
I-10 Investment incomePrior year $610$3,518
I-11 Other revenue$0
I-12 Total revenuePrior year $988,811$1,205,129
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 $845,748$1,000,843
I-18 Total expensesPrior year $845,748$1,000,843
I-19 Revenue less expensesPrior year $143,063$204,286
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $1,205,129 across 3 lines filed
Lines not itemized here account for $12,870 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,188,741$1,188,741
VIII-3 Investment incomeExcluded from tax $3,518$3,518
VIII-12 Total revenueRelated to mission $1,201,611 · Excluded from tax $3,518$1,205,129
Part IX · Statement of functional expenses $1,000,843 across 5 lines filed
IX-11b Legal feesPrograms $30,252$30,252
IX-11c Accounting feesPrograms $14,400$14,400
IX-11g Other fees for servicesPrograms $789,981 · Management $80,936$870,917
IX-23 InsurancePrograms $9,516$9,516
IX-24 Other expenses (24a–d)Programs $75,758$75,758
IX-25 Total functional expensesPrograms $919,907 · Management $80,936 · Fundraising $0$1,000,843
Part X · Balance sheet $1,523,764 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,060,903$1,345,808
X-4 Accounts receivableStart of year $11,252$9,402
X-9 Prepaid expenses and deferred charges$4,851
X-10c Land, buildings and equipment, netStart of year $163,703$163,703
X-16 Total assetsStart of year $1,235,858$1,523,764
X-17 Accounts payable and accrued expensesStart of year $17,098$73,171
X-19 Deferred revenueStart of year $574,462$585,934
X-25 Other liabilitiesStart of year $72,465$88,540
X-26 Total liabilitiesStart of year $664,025$747,645
X-32 Total net assets or fund balancesStart of year $571,833$776,119
X-33 Total liabilities and net assetsStart of year $1,235,858$1,523,764
Part XI · Reconciliation of net assets $776,119 net assets at year end
XI-1 Total revenue$1,205,129
XI-2 Total expenses$1,000,843
XI-3 Revenue less expenses$204,286
XI-4 Net assets at start of year$571,833
XI-10 Net assets at end of year$776,119

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.