Nonprofit · EIN 56-1795949
TRYON PALACE FOUNDATION INC
Tax-exempt · NEW BERN, NC 28563
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,037,481 | $1,003,252 | $2,034,229 | $9,633,044 | $94,221 | $9,538,823 |
| December 31, 2023 | 990 | $1,384,157 | $510,873 | $873,284 | $7,349,472 | $80,512 | $7,268,960 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,692,150
- of which government grants
- $2,069,150
- Program service revenue
- $3,238
- Investment income
- $336,095
- Net rental income
- -$11,976
- Net gain from sales of assets
- $115,609
- Net income from fundraising events
- $17,892
- Other revenue
- $5,998
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $19,500
- Depreciation
- $15,984
- Program services (functional)
- $856,595
- Management and general (functional)
- $120,580
- Fundraising (functional)
- $26,077
Balance sheet and other
- Total assets, start of year
- $7,349,472
- Total assets, end of year
- $9,633,044
- Total liabilities, end of year
- $94,221
- Net assets, end of year
- $9,538,823
- Land, buildings and equipment
- $1,721,871
- Publicly traded securities
- $4,325,234
- Net assets without donor restrictions
- $6,238,903
- Net assets with donor restrictions
- $3,299,920
- Gross receipts
- $4,255,526
- Employees
- 0
- Volunteers
- 357
- Year formed
- 1992
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MR JOE ANDERSON | DIRECTOR Trustee or director | 3.25 | $32,640 |
| MS CHRYSTAL REGAN ED | SECRETARY/TREASURER Trustee or director, Officer | 5 | $20,000 |
| MR JAMES COPLAND IV | DIRECTOR Trustee or director | 3.25 | $0 |
| MS ROZANNE B MCCOTTER | DIRECTOR Trustee or director | 3.25 | $0 |
| MR CRAIG ALLEN | DIRECTOR Trustee or director | 3.25 | $0 |
| MR RANDAL HUNTER | VICE PRESIDENT Trustee or director, Officer | 3.25 | $0 |
| MR ROSS HARDEMAN | DIRECTOR Trustee or director | 3.25 | $0 |
| MS SUSAN MOFFAT THOMAS | DIRECTOR Trustee or director | 3.25 | $0 |
| MS CAROLE KEMP | DIRECTOR Trustee or director | 3.25 | $0 |
| MR THOMAS MONTE | DIRECTOR Trustee or director | 5 | $0 |
| MS SALLIE BAXTER | DIRECTOR Trustee or director | 3.25 | $0 |
| MR MARK GATLIN | DIRECTOR Trustee or director | 3.25 | $0 |
| MS CAROL MATTOCKS | DIRECTOR Trustee or director | 3.25 | $0 |
| MS CECE MAY SCOTT | DIRECTOR Trustee or director | 3.25 | $0 |
| MR PARESH PANKHAVALA | DIRECTOR Trustee or director | 3.25 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MS ANNE SCHOUT | PRESIDENT Trustee or director, Officer | 5 | $0 |
| MR JUDSON MCADEN | DIRECTOR Trustee or director | 3.25 | $0 |
| MR JIM ROBINSON | DIRECTOR Trustee or director | 3.25 | $0 |
| MS CATHERINE LITTLE | DIRECTOR Trustee or director | 3.25 | $0 |
| MR LEE HODGE | DIRECTOR Trustee or director | 3.25 | $0 |
| MR WILLIAM S CORBITT | DIRECTOR Trustee or director | 3.25 | $0 |
| MR JOHN W KING | DIRECTOR Trustee or director | 3.25 | $0 |
| MR BILL KWASNICK | DIRECTOR Trustee or director | 3.25 | $0 |
| MR DAWN PEELE | DIRECTOR Trustee or director | 3.25 | $0 |
| MR WILLIAM HOLLOWELL | DIRECTOR Trustee or director | 3.25 | $0 |
| MR DARIN WATERS | EX-OFFICIO Trustee or director | 3.25 | $0 |
990 for the year ended December 31, 2023: 30 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MR JOE ANDERSON | DIRECTOR Trustee or director | 3.25 | $24,960 |
| MS CHRYSTAL REGAN JULY-DEC | EXECUTIVE DIRECTOR Officer | 5 | $9,996 |
| MR WILLIAM J MCCREA JAN-MAR | EXECUTIVE DIRECTOR Officer | 5 | $4,998 |
| MR JAMES COPLAND IV | DIRECTOR Trustee or director | 3.25 | $0 |
| MS ROZANNE B MCCOTTER | DIRECTOR Trustee or director | 3.25 | $0 |
| MR CRAIG ALLEN | DIRECTOR Trustee or director | 3.25 | $0 |
| MR RANDAL HUNTER | VICE PRESIDENT Trustee or director, Officer | 3.25 | $0 |
| MR ROSS HARDEMAN | DIRECTOR Trustee or director | 3.25 | $0 |
| MS SUSAN MOFFAT THOMAS | DIRECTOR Trustee or director | 3.25 | $0 |
| MS CAROLE KEMP | DIRECTOR Trustee or director | 3.25 | $0 |
| MR THOMAS MONTE | DIRECTOR Trustee or director | 3.25 | $0 |
| MS SALLIE BAXTER | DIRECTOR Trustee or director | 3.25 | $0 |
| MR MARK GATLIN | DIRECTOR Trustee or director | 3.25 | $0 |
| MS CAROL MATTOCKS | DIRECTOR Trustee or director | 3.25 | $0 |
| MS CECE MAY SCOTT | DIRECTOR Trustee or director | 3.25 | $0 |
| MR PARESH PANKHAVALA | DIRECTOR Trustee or director | 3.25 | $0 |
| MS ANNE SCHOUT | DIRECTOR Trustee or director | 3.25 | $0 |
| MR JUDSON MCADEN | DIRECTOR Trustee or director | 3.25 | $0 |
| MR ALBERT BELL JR | DIRECTOR Trustee or director | 3.25 | $0 |
| MS JUDITH MCCRUDDEN | DIRECTOR Trustee or director | 5 | $0 |
| MR JIM ROBINSON | DIRECTOR Trustee or director | 3.25 | $0 |
| MS CATHERINE LITTLE | DIRECTOR Trustee or director | 3.25 | $0 |
| MS JEANNIE TYSON | PRESIDENT Trustee or director, Officer | 5 | $0 |
| MR LEE HODGE | DIRECTOR Trustee or director | 3.25 | $0 |
| MR WILLIAM S CORBITT | DIRECTOR Trustee or director | 3.25 | $0 |
| MR WILLIAM HOLLOWELL | DIRECTOR Trustee or director | 3.25 | $0 |
| MR JOHN W KING | DIRECTOR Trustee or director | 3.25 | $0 |
| MR BILL KWASNICK | DIRECTOR Trustee or director | 3.25 | $0 |
| MR DAWN PEELE | DIRECTOR Trustee or director | 3.25 | $0 |
| MR DAVID ERDMAN | DIRECTOR Trustee or director | 3.25 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1007, NEW BERN, NC 28563-1007
- Principal officer (990 for 2024)
- ANNE SCHOUT, PO BOX 1007, NEW BERN, NC 28563
- Signed the 990
- ANNE SCHOUT, PRESIDENT
- Phone
- (252) 639-3611
- Return prepared by
- DEAN DORTON ALLEN FORD PLLC
Mission
THE MISSION OF THE TRYON PALACE FOUNDATION IS TO SUPPORT THE TRYON PALACE HISTORIC SITES AND GARDENS BY PROTECTING, PRESERVING, AND DEVELOPING THE LEGACY OF ITS HISTORICAL PAST. WE ACCOMPLISH THIS THROUGH EDUCATION OF CHILDREN AND VISITORS FROM AROUND THE GLOBE, BY BEING GOOD STEWARDS OF WHAT HAS BEEN ENTRUSTED TO US AND BY ENSURING ITS FUTURE FOR PRESENT AND FUTURE GENERATIONS.
Program accomplishments
- AS A SUPPORTING ORGANIZATION, TRYON PALACE FOUNDATION USES FUNDS RAISED FROM CONTRIBUTIONS, MEMBERSHIP, GRANTS, AND PROCEEDS FROM FUNDRAISING EVENTS, TO SUPPORT TRYON PALACE IN FULFILLING ITS MISSION.FUNDING SUPPORTS GENERAL OPERATIONS, EDUCATIONAL PROGRAMMING, LECTURES AND SPECIAL EVENTS, HISTORIC INTERPRETATION GROUPS, NEW EXHIBIT OPENINGS, AN AWARDS PROGRAM THAT OFFSETS THE COST OF FIELD TRIPS AND OUTREACH PROGRAMS FOR TITLE I SCHOOLS. IN 2024, TWO FOUNDATION FUNDRAISERS GENERATED UNRESTRICTED FUNDS IN SUPPORT OF TRYON PALACE'S MISSION AND PROGRAMS. THE FOUNDATION OWNS PROPERTY IN DOWNTOWN NEW BERN FOR USE AS A COMMUNITY PARK AND EDUCATIONAL SITE. THIS PROPERTY WILL ALSO BE THE SITE OF THE NEW Z. SMITH REYNOLDS INCLUSIVE PUBLIC ART PIECE. THE TRYON PALACE ANNEX IS ANOTHER SITE OWNED AND MAINTAINED BY THE FOUNDATION FOR USE AS A TRYON PALACE COLLECTIONS CONSERVATION LAB, WORK AREA, AND STORAGE SPACE.Expenses $647,272
- PROMOTION OF SPECIAL HISTORIC, EDUCATIONAL, AND CULTURAL EVENTS AT TRYON PALACE.THE FOUNDATION WAS GIFTED PROPERTY IN DOWNTOWN NEW BERN TO BE USED AS A COMMUNITY PARK AND EDUCATIONAL SITE. THIS SITE ALLOWS FOR TRYON PALACE REENACTMENT GROUPS TO INTERPRET HISTORY IN A VERY VISIBLE LOCATION, EXTENDING REACH TO DOWNTOWN VISITORS. IN 2024, THE FOUNDATION RECEIVED A GRANT FOR ARCHAEOLOGICAL SURVEYANCE TO CLERMONT, A TRYON PALACE PROPERTY PLANNED FOR FUTURE DEVELOPMENT AS AN EDUCATIONAL HISTORIC SITE INCLUDING NATURE TRAILS AND PROGRAMS THAT FOCUS ON ARCHAEOLOGY, THE INDIGENOUS PEOPLES WHO ONCE LIVED THERE, CIVIL WAR HISTORY AND INFORMATION ON RICHARD DOBBS SPAIGHT (REVOLUTION). THE FOUNDATION CONTINUES TO PROVIDE SUPPORT FOR SPECIAL PROGRAMMING AND FOR OUR REENACTMENT INTERPRETIVE GROUPS.Expenses $69,159
- THE FOUNDATION PROMOTES AND ADVOCATES FOR EDUCATIONAL PROGRAMMING FOR ADULTS AND CHILDREN.THE PALACE SCHOLARS PROGRAM HELPS TO OFFSET COSTS FOR FIELD TRIPS TO TRYON PALACE FOR TITLE I SCHOOLS. IN 2024, MORE THAN $47,000 WAS AWARDED TO 56 TITLE I SCHOOLS ENABLING APPROXIMATELY 4,000 STUDENTS TO TAKE A FIELD TRIP TO TRYON PALACE. FUNDED WITH A GRANT RECEIVED FROM THE ANONYMOUS TRUST, THE PALACE SCHOLARS OUTREACH PROGRAM BRINGS COSTUMED INTERPRETERS INTO THE CLASSROOM OF TITLE I SCHOOLS WHO ARE UNABLE TO TRAVEL TO TRYON PALACE. THE INTERPRETERS DELIVER LESSONS THAT FOCUS ON TRYON PALACE'S COLONIAL HISTORY, AS WELL AS 18TH CENTURY FIBER ARTS AND MILITARY LIFE. IN 2024, THE COSTUMED INTERPRETERS TRAVELLED TO 18 SCHOOLS AND DELIVERED LIVING HISTORY LESSONS AND HANDS-ON DEMONSTRATIONS TO NEARLY 1,700 STUDENTS.IN JANUARY AND FEBRUARY 2024, THE FOUNDATION WORKED IN PARTNERSHIP WITH THE CRAVEN COMMUNITY COLLEGE LIFETIME LEARNING CENTER TO BRING 3 PROGRAMS TO TRYON PALACE THAT FOCUSED ON NEW BERN HISTORY WITH SPEAKERS FROM NC DNCR ARCHIVES, TRYON PALACE STAFF AND A WELL-KNOWN EASTERN NORTH CAROLINA HISTORIAN.Expenses $140,164 · revenue $3,238
- PROMOTION OF FREE CONCERTS AND OTHER PROGRAMS THAT PROVIDE ADDITIONAL OPPORTUNITIES TO EXPOSE THE PUBLIC TO THE HISTORICAL AND CULTURAL MISSION OF TRYON PALACE.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-1795949
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A82)
- Assets (IRS master file)
- $9,633,044
- Income (IRS master file)
- $4,255,526
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,037,481 | $1,003,252 | $9,633,044 | XML |
| 990 | December 2023 | $1,384,157 | $510,873 | $7,349,472 | XML |
| 990 | December 2022 | $781,725 | $460,948 | $5,996,950 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-1795949).
Questions about TRYON PALACE FOUNDATION INC
- What is the EIN of TRYON PALACE FOUNDATION INC?
- The employer identification number (EIN) of TRYON PALACE FOUNDATION INC is 56-1795949.
- Is TRYON PALACE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to TRYON PALACE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TRYON PALACE FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TRYON PALACE FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TRYON PALACE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of TRYON PALACE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names ANNE SCHOUT.
- Who are the officers and directors of TRYON PALACE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 26 people; 2 received compensation from the organization, the highest $32,640 (MR JOE ANDERSON, DIRECTOR).
- How much revenue does TRYON PALACE FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,037,481, expenses of $1,003,252 and total assets of $9,633,044 at year end.
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