EIN 56-1984048

Korner's Folly Foundation

Name: Korner's Folly Foundation financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Kernersville

State

North Carolina

Year formed

1993

Most recent tax filings

2023-09-01

NTEE code, primary

A80: Historical Societies, Historical Preservation

Description

The Korners Folly Foundation preserves, restores, and maintains the historic structure with a mission to share its relevance with the public. In one fiscal year, 7,063 people toured the home through self-guided and group tours including school groups. Thirteen educational programs were held during that same time period. The foundation evaluated and restored two rooms in the house after evaluating the historic building and grounds for structural and preservation needs.

Total revenues

$1,671,982

2023

Total expenses

$266,786

2023

Total assets

$2,572,059

2023

Num. employees

2023

Program areas at Korner's Folly Foundation

Share the historic relevance of the house with the public. 7,218 people toured the home during the fiscal year through self-guided and group tours. Tours are also provided to school groups and other groups. 17 educational programs were held during the fiscal yar

Evaluation and restoration: the historic building and groups are continuously evaluated for structural and preservation needs. Preservation projects included replacement of 2nd and 3rd floor hvac units and replacement of roof hatches, and water damage to plaster and paint was repaired for two rooms this year.

Who funds Korner's Folly Foundation

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Fidelity Investments Charitable Gift Fund	2023-06	For Grant Recipient's Exempt Purposes	$27,150
Kernersville Foundation	2022-12	Support for Local Historical Group	$15,825
Arts Council of Winston-Salem and Forsyth County	2023-09	Operating Assistance	$13,047
...and 2 more grants received

Personnel at Korner's Folly Foundation

Name	Title	Compensation	Date of data
Suzanna Ritz Malliett	Executive Director		2023-04-18
Suzanna Ritz	Operations and Programs Manager		2022-09-07
Dale Pennington Bodenheimer	Past Executive Director	$64,155	2022-09-30
Norma Pearman	President	$0	2023-08-15
Mark Peck	Immediate Past President	$0	2023-04-18
...and 7 more key personnel

Financials for Korner's Folly Foundation

Revenues	FYE 09/2023	FYE 09/2022	% Change
Total grants, contributions, etc.	$1,519,994	$309,599	391%
Program services	$91,818	$77,543	18.4%
Investment income and dividends	$27,910	$1,309	2032.2%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$2,182	$3,423	-36.3%
Net gain from sale of non-inventory assets	$0	$0	-
Net income from fundraising events	$21,962	$24,347	-9.8%
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$8,909	$8,725	2.1%
Miscellaneous revenues	$-793	$43	-1944.2%
Total revenues	$1,671,982	$424,989	293.4%

Form 990s for Korner's Folly Foundation

Fiscal year ending	Date received by IRS	Form	PDF link
2023-09	2024-08-15	990	View PDF
2022-09	2023-08-15	990	View PDF
2021-09	2022-04-14	990	View PDF
2020-09	2021-04-12	990	View PDF
2019-09	2020-12-16	990	View PDF
...and 9 more Form 990s

Organizations like Korner's Folly Foundation

Organization	Type	Location	Revenue
Louisa May Alcott's Orchard House	501(c)(3)	Concord, MA	$800,465
Staten Island Historical Society Incd / B / A Historic Richmond Town	501(c)(3)	Staten Island, NY	$2,344,152
Maine Historical Society (MHS)	501(c)(3)	Portland, ME	$1,763,789
Historical Society of Pennsylvania	501(c)(3)	Philadelphia, PA	$4,650,125
Sacramento History Alliance	501(c)(3)	Sacramento, CA	$1,127,322
East Tennessee Historical Society	501(c)(3)	Knoxville, TN	$1,177,081
Rock Ford Foundation	501(c)(3)	Lancaster, PA	$463,925
Historic Geneva	501(c)(3)	Geneva, NY	$1,221,177
Coronado Historical Association Incorporated	501(c)(3)	Coronado, CA	$739,127
Historic Columbia Foundation	501(c)(3)	Columbia, SC	$2,798,468

Data update history

September 22, 2024

Used new vendors

Identified 1 new vendor, including

September 21, 2024

Received grants

Identified 1 new grant, including a grant for $13,047 from Arts Council of Winston-Salem and Forsyth County

September 30, 2023

Updated personnel

Identified 1 new personnel

September 29, 2023

Posted financials

Added Form 990 for fiscal year 2022

August 15, 2023

Posted financials

Added Form 990 for fiscal year 2021

Nonprofit Types

Arts, culture, and humanities nonprofitsMuseumsCharities

Issues

EducationArts, cultural, and humanitiesHistory

Characteristics

Fundraising eventsState / local levelReceives government fundingTax deductible donationsAccepts online donations

General information

Address: 413 S Main St; Kernersville, NC 27284
Metro area: Winston-Salem, NC
County: Forsyth County, NC
Website URL: kornersfolly.org/
Phone: (336) 996-7922

IRS details

EIN: 56-1984048
Fiscal year end: September
Taxreturn type: Form 990
Year formed: 1993
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: A80: Historical Societies, Historical Preservation
NAICS code, primary: 7121: Museums, Historical Sites, and Similar Institutions
Parent/child status: Independent

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Korner's Folly Foundation

Program areas at Korner's Folly Foundation

Who funds Korner's Folly Foundation

Personnel at Korner's Folly Foundation

Financials for Korner's Folly Foundation

Form 990s for Korner's Folly Foundation

Organizations like Korner's Folly Foundation

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