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Korners Folly Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 561984048 ✦ Kernersville, NC ✦ Designated as a 501(c)(3)

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Overview

What is Korners Folly Foundation Inc?

Korners Folly Foundation Inc, located at 413 South Main Street, Kernersville, NC 27284, is a nonprofit organization devoted to preserving, restoring, and maintaining a historic structure. The foundation shares its historical significance with the public by offering tours, which attracted 7,063 visitors during the fiscal year. These tours cater to various groups, including school groups and other organizations. The foundation also conducts 13 educational programs annually to enrich the visitors' experience. With a dedicated workforce of 9 individuals, Korners Folly Foundation Inc plays a vital role in preserving and showcasing historical heritage for the community.


Official website here: www.kornersfolly.org

Is Korners Folly Foundation Inc legitimate?

Korners Folly Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Korners Folly Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $64,155
Professional Fundraising Fees: $0
Other Salaries and Wages: $81,310

For more financial information, click here


Official website here: www.kornersfolly.org

What is the mission statement of Korners Folly Foundation Inc?

The Korners Folly Foundation Inc's mission is centered around preserving, restoring, and maintaining a historic structure. Their primary goal is to keep this historical asset in its original state, ensuring its longevity for future generations. They achieve this by sharing the house's historical relevance with the public. During the fiscal year, the foundation welcomed 7,063 visitors through self-guided and group tours, and also provided tours for school groups and other organizations. Furthermore, the foundation conducted 13 educational programs throughout the year, aiming to educate the public about the historical significance of the building.


Official website here: www.kornersfolly.org

Who is the CEO of Korners Folly Foundation Inc?

Norma Pearman is the Executive Dir. of Korners Folly Foundation Inc.


Official website here: www.kornersfolly.org

What is the revenue of Korners Folly Foundation Inc?

Korners Folly Foundation Inc's revenue in 2022 was $424,989.


Official website here: www.kornersfolly.org

Who are the executives of Korners Folly Foundation Inc and what are their salaries?

The average compensation at Korners Folly Foundation Inc during 2022 was $16,163. There are 9 employees and 50 volunteers at Korners Folly Foundation Inc.


Here are 17 key members and their salaries:


Dale Pennington Bodenheimer (Executive Dir.)
  • Compensation: $64,155
  • Related: $0
  • Other: $0
Lynn Renee Rogers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Bugg (Past President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Suzanne Hill (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Redfearn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christian Schroeder (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Betty Korner-Atkins (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edwin Walker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelly Sealey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pat Shaw (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Mcdaniel (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Peck (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Luann Davis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Waddell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ray Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Norma Pearman (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.kornersfolly.org

Where can I find the form 990 for Korners Folly Foundation Inc?

Korners Folly Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.kornersfolly.org

Learn more at the official website: www.kornersfolly.org

Mission Statement of Korners Folly Foundation Inc

Korners Folly Foundation Inc is committed to preserving, restoring, and maintaining a historic structure. Their mission is to ensure the enduring relevance of this historical site, sharing its legacy with the public. The foundation achieves this goal by offering tours to visitors, including school groups and other organizations, allowing them to explore and learn from the historic house. During the fiscal year, they hosted 13 educational programs, further enriching the visitors' experience. The foundation's efforts contribute to the preservation and appreciation of historical heritage, making it an invaluable asset to the community.

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Impact




October, 2024

Korners Folly Foundation Inc significantly impacts the community by preserving, restoring, and maintaining a historic structure that serves as a cultural and educational resource. In the past fiscal year, 7,063 individuals toured the historic home, engaging with its rich history through both self-guided and group tours. The foundation also facilitates learning experiences by providing educational programs tailored for school and various groups, hosting 13 programs in the last year alone. By sharing the historic relevance of the house, the foundation fosters an appreciation for local heritage and arts, enriching the lives of residents and visitors in Kernersville, NC.




This information is meant to be a general summary of Korners Folly Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$424,989 (2022)
Expenses
$288,971 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,309
  • Program Service Revenue: $77,543
  • Gross Receipts: $433,402

Assets and Liabilities:

  • Total Assets: $1,167,749
  • Total Liabilities: $6,582
  • Net Assets: $1,161,167

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

OTHER PROGRAMS

Revenue

$2,936

TOUR INCOME

Revenue

$74,607

Organization Details

Founding Year

1993

Principal Officer

Norma Pearman

Main Address

413 SOUTH MAIN STREET, KERNERSVILLE, NC, 27284

NTEE Category

Code: A80Z - Arts

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