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Nonprofit · EIN 56-6062076

MORGANTON PARK AND RECREATION FOUNDATION INC

Tax-exempt (reinstated) · MORGANTON, NC 28680

Financials

$107K$28K2023$108K$65K2024
Revenue Expenses · by fiscal year end
Financials of MORGANTON PARK AND RECREATION FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$108,381$64,698$43,683$2,832,201$254,427$2,577,774
December 31, 2023990$107,184$27,847$79,337$2,859,126$325,035$2,534,091
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$16,190
Program service revenue
$90,000
Investment income
$13
Net rental income
$2,178
Other revenue
$2,178

Expenses

Grants and similar amounts paid
$40,000
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Depreciation
$117
Program services (functional)
$64,698

Balance sheet and other

Total assets, start of year
$2,859,126
Total assets, end of year
$2,832,201
Total liabilities, end of year
$254,427
Net assets, end of year
$2,577,774
Land, buildings and equipment
$2,830,780
Gross receipts
$115,703
Employees
0
Volunteers
12
Year formed
1950
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.

NameTitleHours / weekCompensation
SCOTT WHISNANTCHAIRMAN
Trustee or director, Officer
0.25$0
MIKE AYOTTETREASURER
Trustee or director, Officer
0.25$0
JERRY NORVELLVICE CHAIRMAN
Trustee or director, Officer
0.25$0
LISA BUFF AYOTTESECRETARY
Trustee or director, Officer
0.25$0
CAROLINE AVERYDIRECTOR
Trustee or director
0.25$0
CLINT LYTLEDIRECTOR
Trustee or director
0.25$0
ED JONESDIRECTOR
Trustee or director
0.25$0
ROBERT SALSBURYDIRECTOR
Trustee or director
0.25$0
THOMAS BESTDIRECTOR
Trustee or director
0.25$0
CORY LARGENTDIRECTOR
Trustee or director
0.25$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
SCOTT WHISNANTCHAIRMAN
Trustee or director, Officer
0.25$0
MIKE AYOTTETREASURER
Trustee or director, Officer
0.25$0
JERRY NORVELLVICE CHAIRMAN
Trustee or director, Officer
0.25$0
LISA BUFF AYOTTESECRETARY
Trustee or director, Officer
0.25$0
CAROLINE AVERYDIRECTOR
Trustee or director
0.25$0
CLINT LYTLEDIRECTOR
Trustee or director
0.25$0
ED JONESDIRECTOR
Trustee or director
0.25$0
ROBERT SALSBURYDIRECTOR
Trustee or director
0.25$0
PAT GRADYDIRECTOR
Trustee or director
0.25$0

Address and contacts

Address (IRS master file)
PO BOX 1509, MORGANTON, NC 28680-1509
In care of
% M AYOTTE MORG FED
Principal officer (990 for 2024)
MIKE AYOTTE, PO BOX 1509, MORGANTON, NC 28680
Signed the 990
MIKE AYOTTE, TREASURER
Phone
(828) 437-1426
Return prepared by
LISA P BUFF AYOTTE CPA PLLC

Mission

TO PROMOTE RECREATIONAL OPPORTUNITIES FOR THE CITIZENS OF BURKE COUNTY BY PROVIDING RECREATION OUTLETS AND SUPPORTING SERVICES.

990 for the year ended December 31, 2024

Program accomplishments

  • TO PROVIDE AND MAINTAIN RECREATIONAL FACILITIES FOR THE CITIZENS OF BURKE COUNTY, NORTH CAROLINA.
    Expenses $64,698 · grants $40,000 · revenue $90,000

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
56-6062076
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2025
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,832,201
Income (IRS master file)
$115,703

Revocation and reinstatement

Exemption revoked
May 15, 2024
Posted by the IRS
August 12, 2024
Reinstated
Effective May 15, 2024

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$108,381$64,698$2,832,201XML
990December 2023$107,184$27,847$2,859,126XML
990December 2020–––IRS
990December 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 56-6062076).

Questions about MORGANTON PARK AND RECREATION FOUNDATION INC

What is the EIN of MORGANTON PARK AND RECREATION FOUNDATION INC?
The employer identification number (EIN) of MORGANTON PARK AND RECREATION FOUNDATION INC is 56-6062076.
Is MORGANTON PARK AND RECREATION FOUNDATION INC tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2024 and reinstated it effective May 15, 2024.
Are donations to MORGANTON PARK AND RECREATION FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MORGANTON PARK AND RECREATION 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 MORGANTON PARK AND RECREATION 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 MORGANTON PARK AND RECREATION 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 MORGANTON PARK AND RECREATION FOUNDATION INC?
The 990 for the year ended December 31, 2024 names MIKE AYOTTE.
Who are the officers and directors of MORGANTON PARK AND RECREATION FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
How much revenue does MORGANTON PARK AND RECREATION FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $108,381, expenses of $64,698 and total assets of $2,832,201 at year end.

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