Linville Foundation INC EIN 82-1682102 Form 990 (PDF) Claim this org

Linville Foundation INC

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Provides financial aid and scholarships to help students pursue college, graduate, or vocational education. For fiscal year 2025 it reported $749K in revenue, $549K in expenses, and $4.1M in net assets.Pt I

Founded
2017
Type
Public charity (501(c)(3)) · Education
Location
Linville, NC
Filings
6 on file (2020–2025)
Revenue
$749KFY2025
Expenses
$549K
Net assets
$4.1M
People
11
Filings
6
Updates
0
More identity details & actions ⌄
EIN  82-1682102 Public charity (501(c)(3)) Linville, NC Founded 2017
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides financial aid and scholarships to help students pursue college, graduate, or vocational education.
Leadership
David Thompson · Chairman
Money in and out
$749K revenue, $549K expenses
Bottom line
92% program efficiency
Where the money goes · FY2025
Total revenue
$749K
Pt VIII · Ln 12
Total expenses
$549K
Pt IX · Ln 25
Net assets
$4.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $200K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.08
Program efficiency
92%
of spending reaches programs▲ +0.9% vs prior filing year
Operating runway
92.8mo
months of highly liquid reserves at operating expense rate▲ +5% vs prior filing year
Surplus margin
+27%
revenue over expenses, this year▲ +18% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$749K
FY2025▲ +12%
Expenses
$549K
FY2025▲ +7%
Total assets
$4.1M
FY2025▲ +14%
Total liabilities
$0
FY2025
Total revenue
$749K
Pt VIII · Ln 12
Total expenses
$549K
Pt IX · Ln 25
Net assets
$4.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$200K
Total assetsPt X · Ln 16$4.1M
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLinville Foundation INC
EINHdr · item D82-1682102
Principal addressHdr · item CLinville, NC
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2017
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82)
Ruling yearIRS BMFOct 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Betsy Austin’s $10K as Officer is at the 9th percentile of top reported officer pay among 1616 $100K–1M education 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.

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Mission & Programs · Part III

Where the work happens

1 program service account for $504K of program spending, described in the organization's own filed words · FY2025.
01

The Foundation granted over 85 scholarships to students to help further their education in graduate and undergraduate degrees. Our goal is to help and encourage students to further their education with college degrees and to provide support to these students during their time in college.

$504Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$583K · 78%
Investment income$166K · 22%
Contributions & grants78%$583K
Investment income22%$166K
Total revenueLn 12$749K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.08
Program services92%$504K
Management & general8%$45K
Total functional expensesLn 25$549K

Balance Sheet

Part X · end of year
CashLn 1$329K
Total assetsLn 16$4.1M
Total liabilitiesLn 26$0
Total net assetsLn 32$4.1M
Months of cash on handcomputed7.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4.1M · Operating expenses (Pt IX) $549K · Less non-cash grants $24K · Cash operating expenses/yr $524K
92.8 months
Where the money goes
Program services
Program services $504K · Total expenses $549K
92%
Management & General
Management & general $45K · Total expenses $549K
8%
Fundraising
Fundraising $0 · Total expenses $549K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $546K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $583K · Total revenue $749K
78%
Government reliance
Government grants — · Total revenue $749K
Earned-income share
Program service revenue $0 · Total revenue $749K
0%
Investment reliance
Investment income $166K · Total revenue $749K
+22%
Program self-sufficiency
Program service revenue $0 · Total expenses $549K
0%
Growth & trend
Revenue growth (YoY)
This year $749K · Prior year $666K
+12%
Revenue CAGR
FY2020 $373K · FY2025 $749K
+15%
Net-asset trend (YoY)
End of year $4.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $749K · Expenses $549K
+27%
Liabilities-to-Assets
Total liabilities — · Total assets $4.1M
Net-asset ratio
Net assets $4.1M · Total assets $4.1M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $3.7M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $4.1M
92%
People & payroll
Highest Reported Total Compensation
Individual David Thompson · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $549K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $549K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 8%
Revenue growth 12%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 4 funders$32K
See all 4 funders →
Grants paid · 6 grants · $2.5M · 2020–2025
Unitemized GrantFY2025$492,925
Unitemized GrantFY2024$457,350
Unitemized GrantFY2023$481,275
Unitemized GrantFY2022$400,675
Unitemized GrantFY2021$292,370
Unitemized GrantFY2020$372,655

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$749K revenue · viewing · ⤓ 990 PDF
FY2024$666K revenue · ⤓ 990 PDF
FY2023$686K revenue · ⤓ 990 PDF
FY2022$521K revenue · ⤓ 990 PDF
FY2021$1.1M revenue · ⤓ 990 PDF
FY2020$373K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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