Nonprofit · EIN 56-2170220
COMMUNITY FOUNDATION OF BURKE COUNTY
Tax-exempt · MORGANTON, NC 28680
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $6,942,677 | $2,723,150 | $4,219,527 | $63,961,192 | $44,606 | $63,916,586 |
| December 31, 2024 | 990 | $11,231,906 | $2,905,594 | $8,326,312 | $54,368,312 | $59,636 | $54,308,676 |
| December 31, 2023 | 990 | $6,221,936 | $2,796,529 | $3,425,407 | $42,800,062 | $80,667 | $42,719,395 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $4,866,719
- Program service revenue
- $0
- Investment income
- $2,075,892
- Net gain from sales of assets
- $702,939
- Other revenue
- $66
Expenses
- Grants and similar amounts paid
- $2,062,197
- Compensation of officers, directors and key employees
- $185,568
- Other salaries and wages
- $109,229
- Salaries, compensation and benefits (total)
- $333,122
- Professional fundraising fees
- $0
- Accounting fees
- $18,932
- Occupancy
- $16,500
- Travel
- $14,304
- Depreciation
- $2,340
- Program services (functional)
- $2,508,966
- Management and general (functional)
- $147,799
- Fundraising (functional)
- $66,385
Balance sheet and other
- Total assets, start of year
- $54,368,312
- Total assets, end of year
- $63,961,192
- Total liabilities, end of year
- $44,606
- Net assets, end of year
- $63,916,586
- Land, buildings and equipment
- $28,434
- Publicly traded securities
- $62,124,403
- Net assets without donor restrictions
- $1,793,237
- Net assets with donor restrictions
- $62,123,349
- Gross receipts
- $12,611,408
- Employees
- 4
- Volunteers
- 0
- Year formed
- 1998
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JJ MUSGROVE | FORMER PRESIDENT Officer | 40 | $111,159 | $8,180 |
| BARBARA J WETSIG-LYNAM | PRESIDENT & CEO Trustee or director, Officer | 40 | $23,150 | $917 |
| JORDAN GREENE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD L DEAUGUSTINIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KELLE B HUFFMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN M HEILMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRIS T BRITTAIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMY KINCAID | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIN KIZER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID A PARKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SARA MOSES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID R WIESE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| J MARK ROSTAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| SERINA T HINSON | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| NAOMI W HUNT | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JJ DAVID FLETCHER | CHAIRMAN Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2024: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JJ MUSGROVE | PRESIDENT Officer | 40 | $128,400 | $4,350 |
| THERESA WATTERS | CHIEF FINANCIAL OFFICER Officer | 40 | $50,154 | $1,536 |
| PASHENCE JOHNSON-SPARKS | FINANCE DIRECTOR Trustee or director | 40 | $24,643 | $0 |
| JOHN F BLACK JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD L DEAUGUSTINIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KELLE B HUFFMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN M HEILMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRIS T BRITTAIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| M ALAN LECROY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIN KIZER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID A PARKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SERINA T HINSON | DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| DAVID R WIESE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SARA MOSES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| J MARK ROSTAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| NAOMI W HUNT | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| JJ DAVID FLETCHER | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| ELIZABETH ANDREWS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NANCY W TAYLOR | PRESIDENT Officer | 40 | $122,896 |
| THERESA WATTERS | FINANCE DIRECTOR Officer | 40 | $83,045 |
| JJ MUSGROVE | PRESIDENT Officer | 40 | $15,615 |
| JOHN F BLACK JR | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD L DEAUGUSTINIS | DIRECTOR Trustee or director | 1 | $0 |
| KELLE B HUFFMAN | DIRECTOR Trustee or director | 1 | $0 |
| JOHN M HEILMAN | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS T BRITTAIN | DIRECTOR Trustee or director | 1 | $0 |
| M ALAN LECROY | DIRECTOR Trustee or director | 1 | $0 |
| SARA BLACK MOSES | DIRECTOR Trustee or director | 1 | $0 |
| DAVID A PARKER | DIRECTOR Trustee or director | 1 | $0 |
| SERINA T HINSON | DIRECTOR Trustee or director | 1 | $0 |
| DAVID R WIESE | DIRECTOR Trustee or director | 1 | $0 |
| V OTIS WILSON JR | DIRECTOR Trustee or director | 1 | $0 |
| J MARK ROSTAN | SECRETARY Trustee or director, Officer | 1 | $0 |
| ELIZABETH W ANDREWS | TREASURER Trustee or director, Officer | 1 | $0 |
| NAOMI W HUNT | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| JJ DAVID FLETCHER | CHAIRMAN Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1156, MORGANTON, NC 28680-1156
- In care of
- % PRESIDENT
- Principal officer (990 for 2025)
- JOHN BOUNOUS, PO BOX 1156, MORGANTON, NC 28680
- Signed the 990
- JOHN BOUNOUS, TREASURER
- Phone
- (828) 437-7105
- Website
- WWW.CFBURKECOUNTY.ORG
- Return prepared by
- RM ADVISORY LLC
Mission
TO ENCOURAGE, DEVELOP, AND PARTICIPATE IN PHILANTHROPY BY PROVIDING FLEXIBLE GIVING OPPORTUNITIES, PROFESSIONAL SUPPORT, AND RESPONSIBLE STEWARDSHIP FOR THE BENEFIT OF DONORS AND QUALIFIED RECIPIENTS.
Program accomplishments
- BEGINNING OPERATIONS IN 2000, THE COMMUNITY FOUNDATION OF BURKE COUNTY IS A NONPROFIT, TAX-EXEMPT ORGANIZATION AND RECEIVES GIFTS, ENDOWMENTS, AND BEQUESTS FROM INDIVIDUALS, FAMILIES, BUSINESSES, AND ORGANIZATIONS. THE ORGANIZATION USES DISTRIBUTIONS FROM THESE FUNDS TO MAKE GRANTS TO QUALIFIED CHARITABLE AGENCIES AND INSTITUTIONS PRIMARILY SERVING THE RESIDENTS OF BURKE COUNTY, NORTH CAROLINA.Expenses $2,508,966 · grants $2,062,197
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-2170220
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $63,961,192
- Income (IRS master file)
- $12,611,408
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $6,942,677 | $2,723,150 | $63,961,192 | IRS |
| 990 | December 2024 | $11,231,906 | $2,905,594 | $54,368,312 | XML |
| 990 | December 2023 | $6,221,936 | $2,796,529 | $42,800,062 | XML |
| 990 | December 2022 | $14,279,176 | $1,583,757 | $38,303,499 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-2170220).
Questions about COMMUNITY FOUNDATION OF BURKE COUNTY
- What is the EIN of COMMUNITY FOUNDATION OF BURKE COUNTY?
- The employer identification number (EIN) of COMMUNITY FOUNDATION OF BURKE COUNTY is 56-2170220.
- Is COMMUNITY FOUNDATION OF BURKE COUNTY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to COMMUNITY FOUNDATION OF BURKE COUNTY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMUNITY FOUNDATION OF BURKE COUNTY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COMMUNITY FOUNDATION OF BURKE COUNTY due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMMUNITY FOUNDATION OF BURKE COUNTY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of COMMUNITY FOUNDATION OF BURKE COUNTY?
- The 990 for the year ended December 31, 2025 names JOHN BOUNOUS.
- Who are the officers and directors of COMMUNITY FOUNDATION OF BURKE COUNTY?
- The 990 for the year ended December 31, 2025 lists 16 people; 2 received compensation from the organization, the highest $111,159 (JJ MUSGROVE, FORMER PRESIDENT).
- How much revenue does COMMUNITY FOUNDATION OF BURKE COUNTY have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $6,942,677, expenses of $2,723,150 and total assets of $63,961,192 at year end.
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All nonprofits in MORGANTON · North Carolina · Philanthropy, voluntarism and grantmaking foundations