NonprofitsThe Korners Folly Foundation

Arts, Culture & Humanities

The Korners Folly Foundation

KERNERSVILLE, NC

Total revenue

$1.1M

Total expenses

$1.9M

Net assets

$506K

Grants received

$508K

21 grants

EIN

561984048

Tax year

2023

Mission

To preserve, restore and maintain the historic structure

Financials

FY 2023

Revenue

Contributions & grants$953K
Program service revenue$99K
Investment income$6K
Other revenue$37K
Total revenue$1.1M

Expenses

Grants paid
Salaries & benefits$179K
Fundraising$51K
Other expenses$1.7M
Total expenses$1.9M
Total assets$3.0M
Net assets$506K

People

16 listed

NameRoleCompensation

SUZANNA RITZ MALLIETT

EXECUTIVE DIRECTOR

Board

$61K

40 hrs/wk

JASON GRUBBS

VICE PRESIDENT

Board

1 hrs/wk

SUZANNE HILL

DIRECTOR

Board

1 hrs/wk

BETTY KORNER-ATKINS

SECRETARY

Board

1 hrs/wk

MONTE LONG

DIRECTOR

Board

1 hrs/wk

TOM MCDANIEL

DIRECTOR

Board

1 hrs/wk

NEAL PARNELL

DIRECTOR

Board

1 hrs/wk

NORMA PEARMAN

PAST PRESIDENT

Board

1 hrs/wk

SUSAN FRADENBURG

VICE PRESIDENT

Board

1 hrs/wk

LYNN RENEE ROGERS

TREASURER

Board

1 hrs/wk

CHRISTIAN SCHROEDER

PRESIDENT

Board

1 hrs/wk

KELLY SEALEY

DIRECTOR

Board

1 hrs/wk

PAT SHAW

DIRECTOR

Board

1 hrs/wk

EDWIN WALKER

DIRECTOR

Board

1 hrs/wk

JOE WILLIAMS

DIRECTOR

Board

1 hrs/wk

LARRY REDFEARN

DIRECTOR

Board

1 hrs/wk

Grants received

Showing 21 of 21

FromAmountPurposeYear
$25K
2 grant(s) for varying purposes
2024
$130K
LOCAL COMMUNITY PROJECTS
2023
$29K
OPERATING ASSISTANCE
2023
$500
PROGRAM/OPERATING SUPPORT
2023
$27K
For grant recipient's exempt purposes
2022
$25K
TO PROVIDE SUPPORT FOR THE ORGANIZATION'S EXEMPT PURPOSE
2022
$16K
SUPPORT FOR LOCAL HISTORICAL GROUP
2022
$13K
OPERATING ASSISTANCE
2022
$8K
UNRESTRICTED GENERAL
2022
$28K
5 GRANT(S) FOR VARYING PURPOSES
2020
$25K
TO PROVIDE SUPPORT FOR THE ORGANIZATION'S EXEMPT PURPOSE.
2020
$20K
GENERAL OPERATING
2020
$15K
OPERATING ASSISTANCE
2020
$15K
GRANT FUNDING FROM THE AMERICAN RESCUE PLAN WILL BE USED TO FUND STAFF SALARIES. DURING OUR CLOSURE AND THROUGHOUT THE CAPACITY LIMITS, STAFF HAS WORKED EXCEEDINGLY HARD TO INNOVATE AND PIVOT OUR PROGRAMMING TO REMAIN A CULTURAL ANCHOR FOR THE KERNERSVILLE COMMUNITY. WE RECENTLY RECEIVED STATEWIDE RECOGNITION FROM THE NORTH CAROLINA MUSEUMS COUNCIL FOR OUR INNOVATIVE VIRTUAL PROGRAMMING DURING THE PANDEMIC. SINCE REOPENING, WE HAVE OFFERED A COMBINATION OF IN-PERSON AND VIRTUAL PROGRAM AND EVENT OPTIONS, IN ORDER TO CONTINUE TO MEET OUR VISITORS WHERE THEY ARE MOST COMFORTABLE. BEING ABLE TO RETAIN OUR SMALL, BUT MIGHTY STAFF IS ABSOLUTELY CRITICAL FOR RECOVERY. THESE PART-TIME VISITOR SERVICE STAFF MEMBERS PROVIDE PROGRAM AND SPECIAL EVENT SUPPORT, AS WELL AS TO ALLOW KRNERS FOLLY TO INCREASE OUR HOURS OF OPERATION. ADDITIONAL STAFF WILL ALSO ALLOW US TO REOPEN OUR ADMISSIONS COUNTER, ORIENTATION THEATER, AND GIFT SHOP AND AUNT DEALYS HOUSE.
2020
$15K
UNRESTRICTED GENERAL
2020
$7K
SUPPORT FOR LOCAL HISTORICAL GROUP
2020
$6K
For grant recipient's exempt purposes
2020
$54K
For grant recipient's exempt purposes
2019
$10K
FUNDING IS AWARDED TO SUPPORT HUMANITIES STAFF SALARIES, PPE, AND SUPPLIES TO CONDUCT TAKE-HOME HUMANITIES PROGRAMMING. FUNDING PROVIDED FOR SALARY MAY COVER FRINGE BENEFITS, BUT MAY NOT BE USED TO COVER FEDERAL OR STATE TAXES.
2019
$40K
For grant recipient's exempt purposes
2018

Funded by

$508K from 9 funders · 21 grants · 2018–2024

Kernersville Foundation Inc

$153K · 4 grants · 2020–2024

Fidelity Investments Charitable Gift Fund

$126K · 4 grants · 2018–2022

The Arts Council Inc

$57K · 3 grants · 2020–2023

The Winston-Salem Foundation

$53K · 2 grants · 2020–2024

Lawrence & Etta Lea Pope Foundation

$50K · 2 grants · 2020–2022

North Carolina Humanities Council

$25K · 2 grants · 2019–2020

Co Tua Marion S Covington Fdn

$23K · 2 grants · 2020–2022

Ta John W And Anna H

$20K · 1 grant · 2020

Details

EIN561984048
NTEE codeA80Z
Subsection03
Ruling date1997-02
Formed1993
Employees7
Volunteers206
THE KORNERS FOLLY FOUNDATION — Mission, Financials & Grants Received | Grantivo