2026-08-17T08:56:27-05:00 2025-09-30 560570567 DMJPS PLLC 703 GREEN VALLEY ROAD SUITE 201 GREENSBORO NC 27408 990 2024-10-01 561984048 KORNER'S FOLLY FOUNDATION INC KORN 3369967922 413 SOUTH MAIN STREET KERNERSVILLE NC 27284 SUSAN FRADENBURG PRESIDENT 3369967922 2026-08-14 1 0 AMY B THABET CPA P01243405 3362759886 2026-08-13 2024 2025-03-06 01:10:19Z SUSAN FRADENBURG 413 SOUTH MAIN STREET KERNERSVILLE NC 27284 410018 0 X WWW.KORNERSFOLLY.ORG X 1993 NC THE KORNER'S FOLLY FOUNDATION PRESERVES, INTERPRETS, AND SHARES KORNER'S FOLLY, A DESIGNATED LOCAL HISTORIC LANDMARK LISTED ON THE NATIONAL REGISTER OF HISTORIC PLACES, THROUGH HISTORIC PRESERVATION, EDUCATION, PUBLIC ENGAGEMENT, AND TOURISM COLLABORATION. THE FOUNDATION STEWARDS THE HISTORIC HOUSE, ITS COLLECTIONS, AND THE ARTISTIC LEGACY OF DESIGNER, DECORATOR, AND ENTREPRENEUR JULE GILMER KORNER, WHILE INTERPRETING THE LIVES AND CONTRIBUTIONS OF THE KORNER FAMILY AND THE BROADER HISTORICAL, ARCHITECTURAL, AND CULTURAL CONTEXT IN WHICH THEY LIVED AND WORKED.THE FOUNDATION PROVIDES SELF-GUIDED AND GUIDED TOURS, SCHOOL PROGRAMS, EXHIBITIONS, PUBLIC LECTURES, CONCERTS, WORKSHOPS, COMMUNITY FESTIVALS, AND PRESERVATION INITIATIVES THAT FOSTER APPRECIATION FOR ARCHITECTURE, DECORATIVE ARTS, LOCAL HISTORY, AND TRADITIONAL TRADES. THROUGH PARTNERSHIPS WITH EDUCATIONAL INSTITUTIONS, CIVIC ORGANIZATIONS, LOCAL GOVERNMENTS, TOURISM AGENCIES, AND COMMUNITY GROUPS, THE FOUNDATION EXPANDS ACCE 16 16 10 201 0 0 952547 177920 99104 105093 5683 15400 36539 93728 1093873 392141 0 0 0 0 178975 203536 0 0 53561 1726431 358884 1905406 562420 -811533 -170279 2967390 2899242 2461516 2430346 505874 468896 X TO PRESERVE, RESTORE, MAINTAIN, AND INTERPRET THE HISTORIC STRUCTURE FOR THE EDUCATION AND ENJOYMENT OF THE PUBLIC THROUGH TOURS, PROGRAMS, AND SPECIAL EVENTS YEAR-ROUND 0 0 428952 159757 THE KORNER'S FOLLY FOUNDATION PRESERVES, INTERPRETS, AND SHARES KORNER'S FOLLY, A DESIGNATED LOCAL HISTORIC LANDMARK LISTED ON THE NATIONAL REGISTER OF HISTORIC PLACES, THROUGH HISTORIC PRESERVATION, EDUCATION, PUBLIC ENGAGEMENT, AND TOURISM COLLABORATION. THE FOUNDATION STEWARDS THE HISTORIC HOUSE, ITS COLLECTIONS, AND THE ARTISTIC LEGACY OF DESIGNER, DECORATOR, AND ENTREPRENEUR JULIE GILMER KORNER, WHILE INTERPRETING THE LIVES AND CONTRIBUTIONS OF THE KORNER FAMILY AND THE BROADER HISTORICAL, ARCHITECTURAL, AND CULTURAL CONTEXT IN WHICH THEY LIVED AND WORKED.THE FOUNDATION PROVIDES SELF-GUIDED AND GUIDED TOURS, SCHOOL PROGRAMS, EXHIBITIONS, PUBLIC LECTURES, CONCERTS, WORKSHOPS, COMMUNITY FESTIVALS, AND PRESERVATION INITIATIVES THAT FOSTER APPRECIATION FOR ARCHITECTURE, DECORATIVE ARTS, LOCAL HISTORY, AND TRADITIONAL TRADES. THROUGH PARTNERSHIPS WITH EDUCATIONAL INSTITUTIONS, CIVIC ORGANIZATIONS, LOCAL GOVERNMENTS, TOURISM AGENCIES, AND COMMUNITY GROUPS, THE FOUNDATION EXPANDS ACCESS TO CULTURAL RESOURCES WHILE SUPPORTING HERITAGE TOURISM AND ECONOMIC VITALITY THROUGHOUT KERNERSVILLE AND THE SURROUNDING REGION.DURING THE FISCAL YEAR, THE FOUNDATION WELCOMED MORE THAN 16,000 VISITORS AND PROGRAM PARTICIPANTS ACROSS ITS CAMPUS AND VISITORS CENTER, CONTINUED RESTORATION AND PRESERVATION PROJECTS, EXPANDED EDUCATIONAL PROGRAMMING, STRENGTHENED REGIONAL TOURISM PARTNERSHIPS, AND MAINTAINED THE HIGHEST LEVEL OF PUBLIC VISITATION IN THE ORGANIZATION'S HISTORY. 428952 1 1 0 0 0 0 0 1 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 4 0 1 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X SUZANNA R MALLIETT 3369927922 413 SOUTH MAIN STREET KERNERSVILLE NC 27284 MOLLY BARBER DIRECTOR 1.00 X 0 0 0 TONY BEDDICK DIRECTOR 1.00 X 0 0 0 SUSAN FRADENBURG PRESIDENT 1.00 X X 0 0 0 JASON GRUBBS 1ST VICE PRESIDENT 1.00 X X 0 0 0 SUZANNE HILL DIRECTOR 1.00 X 0 0 0 BETTY KORNER-ATKINS SECRETARY 1.00 X X 0 0 0 MONTE LONG DIRECTOR 1.00 X 0 0 0 SPENCER MCCALL DIRECTOR 1.00 X 0 0 0 NEAL PARNELL DIRECTOR 1.00 X 0 0 0 LARRY REDFEARN DIRECTOR 1.00 X 0 0 0 LYNN RENEE ROGERS TREASURER 1.00 X X 0 0 0 CHRISTIAN SCHROEDER PAST PRESIDENT 1.00 X X 0 0 0 KELLY SEALEY DIRECTOR 1.00 X 0 0 0 PAT SHAW 2ND VICE PRESIDENT 1.00 X X 0 0 0 EDWIN WALKER DIRECTOR 1.00 X 0 0 0 JOE WILLIAMS DIRECTOR 1.00 X 0 0 0 SUZANNA RITZ MALLIETT EXECUTIVE DIRECTOR 40.00 X 64000 0 0 64000 0 0 0 0 0 0 0 27127 150793 177920 TOUR INCOME 561520 86693 86693 OTHER PROGRAMS 561520 18400 18400 105093 15400 15400 11220 0 11220 11220 11220 35769 7925 27844 27844 23260 9952 13308 13308 SALES TAX REFUND 459900 41090 41090 MISCELLANEOUS 459900 266 266 41356 392141 159757 0 54464 64000 12800 25600 25600 124947 110023 14924 14589 6565 4012 4012 12269 12269 8471 7624 847 12198 4066 4066 4066 18079 14463 1808 1808 7072 5658 707 707 17860 14288 1786 1786 INTEREST EXPENSE FOR LE 111828 111828 ROU ASSET AMORTIZATION 60290 60290 RESTORATION 57704 57704 UTILITIES 28338 9446 9446 9446 24775 14197 5289 5289 562420 428952 79907 53561 855 14430 486808 457452 8173 7777 318469 159754 150396 158715 2321158 2260868 2967390 2899242 113000 110000 2348516 2320346 2461516 2430346 X 232247 179986 273627 288910 505874 468896 2967390 2899242 -170279 133301 0 X 0 0 0 X 430415 309599 1519994 952547 177920 3390475 430415 309599 1519994 952547 177920 3390475 908735 2481740 48 1309 27910 5683 15400 50350 1548 43 200 215 41356 43362 3484187 328169 0.71230 0.67190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 40000 40000 152411 98892 53519 126058 60862 65196 158715 ROU ASSET 2260868 2260868 PAYROLL TAXES PAYABLE 871 LEASE LIABILITIES 2319475 2320346 PART III, LINE 1A: KORNER'S FOLLY FOUNDATION MAINTAINS AND PRESERVES A SIGNIFICANT COLLECTION OF HISTORIC FURNISHINGS, DECORATIVE ARTS, PAINTINGS, CLOTHING, TEXTILES, HOUSEHOLD OBJECTS, BOOKS, AND ARCHIVAL MATERIALS ASSOCIATED WITH KORNER'S FOLLY AND THE KORNER FAMILY. APPROXIMATELY 90% OF THE FURNISHINGS WITHIN THE HISTORIC HOUSE ARE ORIGINAL AND WERE DESIGNED OR SELECTED BY JULE KORNER, ALSO KNOWN PROFESSIONALLY AS REUBEN RINK. THESE COLLECTIONS FURTHER THE ORGANIZATION'S EXEMPT EDUCATIONAL AND PRESERVATION PURPOSES THROUGH PUBLIC EXHIBITIONS, INCLUDING ROTATING LOBBY EXHIBITS; SCHOLARLY RESEARCH THAT INFORMS INTERPRETATION, EDUCATIONAL PROGRAMS, PUBLICATIONS, AND OTHER CONTENT; SUPPORT FOR RESEARCH AND INTERPRETATION BY LOCAL CULTURAL ORGANIZATIONS SUCH AS THE KERNERSVILLE MUSEUM, AND THE LONG-TERM PRESERVATION OF HISTORICALLY SIGNIFICANT OBJECTS AND RECORDS FOR FUTURE GENERATIONS. OKTOBERFEST 30169 30169 5320 VINTAGE MARKET 5600 5600 2605 35769 35769 7925 7925 27844 X 0 0 0 0 0 0 0 0 0 X 60 0 NONE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED UNDER THE DIRECTION AND REVIEW OF THE CURRENT TREASURER AND BOARD MEMBERS WITH FINANCIAL MANAGEMENT EXPERIENCE AS WELL AS THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL SELF-DISCLOSURE FORMS ARE REQUIRED TO BE SIGNED BY ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES, AND CONFLICT OF INTEREST STATEMENTS ARE SIGNED BY THOSE CHARGED WITH GOVERNANCE. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE ANNUALLY EVALUATES THE SALARY FOR THE EXECUTIVE DIRECTOR'S POSITION. THE COMMITTEE PERIODICALLY OBTAINS INFORMATION ON COMPARABLE SALARIES FOR SIMILAR POSITIONS. THE COMMITTEE RECOMMENDS THE SALARY TO THE BOARD OF DIRECTORS ANNUALLY IN CONJUNCTION WITH THE BUDGET APPROVAL PROCESS. THE BOARD APPROVES THE EXECUTIVE DIRECTOR'S SALARY. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST