EIN 61-1698757

Walnut Cove Members Association

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2012
Most recent tax filings
2023-12-01
NTEE code, primary
Description
The Walnut Cove Members Association strengthens and supports nonprofit agencies in the local community through local fundraising for charitable contributions. Caring individuals who are property owners at The Cliffs at Walnut Cove join the organization through annual tax-deductible membership dues to become a part of this 501(c)(3) non-profit.
Total revenues
$586,957
2023
Total expenses
$587,814
2023
Total assets
$7,130
2023
Num. employees
0
2023

Program areas at Walnut Cove Members Association

The Walnut Cove Members Association (wcma) consists of the cliffs at Walnut Cove property owners who are interested in supporting local nonprofit charities and join the organization through annual tax-deductible membership dues. The wcma is a 501(c)(3) nonprofit that raises money through annual dues, other member and corporate donations, and the annual "weekend of giving" which traditionally includes a golf tournament and other fundraising events. At the end of each year, these funds are distributed to a variety of local charitable organizations based on recommendations submitted by the grant committee to the board of directors. Any wcma member actively involved in a charity which meets the stated guidelines is encouraged to submit a grant request. The wcma is made up entirely of unpaid volunteers committed to making sure all available funds go directly to reputable local charities while incurring minimal overhead and administrative expense. Historically 98% of all net fundraising revenue has gone directly to charity. Membership in the wcma serves a dual purpose. Not only is the organization helping those in need within the western north carolina community, but we are also supporting friends and neighbors who are committed to volunteering for worthwhile causes. Since its 2007 inception, the wcma has awarded more than 490 grants, totaling over 3,500,000 to a diverse range of nonprofits in western north carolina. Wcma began with just 56 Members but over the past few years has grown to more than 450 Members, many of whom are active volunteers. Wcma' service to the community, along with its generous donations, has made Walnut Cove a valued and respected part of the western north carolina region. See schedule i for detail on specific grants made in 2023.

Grants made by Walnut Cove Members Association

GranteeGrant descriptionAmount
MANNA Food Bank (MANNA)Human Services$25,000
Western Carolina Rescue MinistriesHuman Services$25,000
Eblen CharitiesHuman Services$25,000
...and 23 more grants made totalling $540,652

Who funds Walnut Cove Members Association

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$41,100
The Ayco Charitable FoundationEnvironment & Animal Protection$28,775
Schwab Charitable FundPublic, Societal Benefit$18,300
...and 7 more grants received

Personnel at Walnut Cove Members Association

NameTitleCompensation
Joseph TannerTreasurer$0
Glenn SimpsonPast Treasurer$0
Melba TracySecretary$0
Ron BillingsChairman$0
Dan EldridgePresident / Board Member$0
...and 2 more key personnel

Financials for Walnut Cove Members Association

RevenuesFYE 12/2023
Total grants, contributions, etc.$567,008
Program services$0
Investment income and dividends$5,260
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$83
Net income from fundraising events$6,086
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$8,520
Total revenues$586,957

Form 990s for Walnut Cove Members Association

Fiscal year endingDate received by IRSFormPDF link
2023-122024-07-05990View PDF
2022-122023-07-05990View PDF
2021-122022-06-27990View PDF
2020-122021-05-21990View PDF
2019-122020-09-10990View PDF
...and 7 more Form 990s
Data update history
May 18, 2024
Received grants
Identified 1 new grant, including a grant for $2,500 from Matthew and Sharon Price Family Foundation
December 25, 2023
Received grants
Identified 1 new grant, including a grant for $10,000 from The Elaine Dewey Sammons Foundation
October 23, 2023
Received grants
Identified 1 new grant, including a grant for $7,500 from Seh Tabitha Foundation
August 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 22, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
Grantmaking organizationsCivic / social organizationsBusiness and community development organizationsCharities
Issues
Community improvement
Characteristics
MembershipsProvides grantsPartially liquidatedFundraising eventsState / local levelAuction fundraisersTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
PO Box 374
Skyland, NC 28776
Metro area
Asheville, NC
County
Buncombe County, NC
Website URL
walnutcovemembers.com/default.aspx 
Phone
(828) 676-0271
IRS details
EIN
61-1698757
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2012
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S50: Nonprofit Management
NAICS code, primary
813410: Civic and Social Organizations
Parent/child status
Independent
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