Mission
To administer gifts and funds generated by residents for tmeporary financial support of residents in financial need, improving residents quality of life, and grants to local non-profit organizations.
Public Charity
Highland Farms Residents Corporation
Highland Farms Residents Corporation is a Public Charity headquartered in Black Mountain, NC. Financial data from the 2024 filing: $258K revenue, $256K expenses. IRS filings disclose 2 grants awarded by this foundation, totaling roughly $8K.
EIN: 203484944
Black Mountain, NC
Human Services N.E.C.
NTEE: P99
Latest filing: 2024
Total Revenue$258K
Total Expenses$256K
Grants Given2
Grant Total$8K
Filing Years2020–2024
Where $100 goes at Highland Farms Residents Corporation
How Highland Farms Residents Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$97
Programs
the work itself
$3
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $97 for programs
$96
Admininstering funds generated by the residents and making grants to community non-profit organizations as determined by the Highland Farms Residents Corporation
$1
Funds for temporary financial support to residents in times of emergency financial need, upon terms and conditions as determined by the Board, and programs that enhance the quality…
<$1
Other activities to benefit the residents such as gift shop, card shop, and thrift shop
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Given
SVCM
General Fund
$2,600
SV Chritian Ministry
General fund
$5,100
Showing up to 5 of 2 total records — full history available with membership.
Officers & Directors
Board Member
Adiai Boyd
Board Member
Albert Sperath
President
Ann Carr Adkins
Treasurer
Gene Schimpf
Board Member
Jim Mcdowell
Board Member
Kate Schulz
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $258K | $256K | — |
| 2023 | $166K | $170K | $585K |
| 2022 | $165K | $183K | $573K |
| 2021 | $160K | $174K | $682K |
| 2020 | $145K | $161K | $642K |
Between 2020 and 2024, reported annual revenue grew from $145K to $258K (+79%).
Interactive year-over-year charts and full filing details available with membership.
Grant Geography
Grants from this foundation were reported to recipients in NC.
NC
Full geographic grant map with state-by-state breakdown available with membership.