EIN 56-1984048

Korners Folly Foundation

IRS 501(c) type
501(c)(3)
Num. employees
9
Year formed
1993
Most recent tax filings
2022-09-01
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
$424,989
2022
Total expenses
$288,971
2022
Total assets
$1,167,749
2022
Num. employees
9
2022

Program areas at Korners Folly Foundation

Share the historic relevance of the house with the public. 7,063 people toured the home during the fiscal year through self-guided and group tours. Tours are also provided to school groups and other groups. 13 educational programs were held during the fiscal year.
Evaluation and restoration: the historic building and grounds were previously evaluated for structural and preservation needs. Restoration was completed for tworooms in the house.

Who funds Korners Folly Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Winston-Salem Foundation6 Grant(s) for Varying Purposes$26,450
Lawrence and Etta Lea Pope FoundationTo Provide Support for the Organization's Exempt Purpose$25,000
Kernersville FoundationSupport for Local Historical Group$15,825
...and 3 more grants received

Personnel at Korners Folly Foundation

NameTitleCompensation
Suzanna Ritz MalliettExecutive Director
Suzanna RitzOperations and Programs Manager
Dale Pennington BodenheimerPast Executive Director$64,155
Norma PearmanPresident$0
Betty Korner-AtkinsSecretary$0
...and 7 more key personnel

Financials for Korners Folly Foundation

RevenuesFYE 09/2022
Total grants, contributions, etc.$309,599
Program services$77,543
Investment income and dividends$1,309
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$3,423
Net gain from sale of non-inventory assets$0
Net income from fundraising events$24,347
Net income from gaming activities$0
Net income from sales of inventory$8,725
Miscellaneous revenues$43
Total revenues$424,989

Form 990s for Korners Folly Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-092023-08-15990View PDF
2021-092022-04-14990View PDF
2020-092021-04-12990View PDF
2019-092020-12-16990View PDF
2018-092019-05-14990View PDF
...and 8 more Form 990s
Data update history
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
June 27, 2023
Received grants
Identified 4 new grant, including a grant for $26,450 from The Winston-Salem Foundation
May 11, 2023
Received grants
Identified 2 new grant, including a grant for $15,000 from North Carolina Humanities Council
Nonprofit Types
Arts, culture, and humanities nonprofitsMuseumsCharities
Issues
EducationArts, cultural, and humanitiesHistory
Characteristics
Fundraising eventsState / local levelReceives government fundingTax deductible donations
General information
Address
413 S Main St
Kernersville, NC 27284
Metro area
Winston-Salem, 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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