TY 2015 Form 990PF

Part I	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books	(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)
	1	Contributions, gifts, grants, etc., received (attach schedule)	198,473
2	Check Sch. B .............
3	Interest on savings and temporary cash investments	74	74	74
4	Dividends and interest from securities...
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-58,710
b	Gross sales price for all assets on line 6a 340,944
7	Capital gain net income (from Part IV, line 2)...
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances	17,143
b	Less: Cost of goods sold....	14,082
c	Gross profit or (loss) (attach schedule).....		3,061		3,061
11	Other income (attach schedule).......		265,315		265,315
12	Total. Add lines 1 through 11........	408,213	74	268,450
	13	Compensation of officers, directors, trustees, etc.	58,958		23,583	35,375
14	Other employee salaries and wages......	180,400		96,688	83,712
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		3,146			3,146
b	Accounting fees (attach schedule).......		2,643	100		2,543
c	Other professional fees (attach schedule)....		20,451			20,451
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		28,573		14,357	14,216
19	Depreciation (attach schedule) and depletion...		1,461		1,461
20	Occupancy..............	112,141			112,141
21	Travel, conferences, and meetings.......	1,433			1,433
22	Printing and publications..........
23	Other expenses (attach schedule).......		154,677		125,443	29,234
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	563,883	100	261,532	302,251
25	Contributions, gifts, grants paid.......	0			0
26	Total expenses and disbursements. Add lines 24 and 25	563,883	100	261,532	302,251
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-155,670
b	Net investment income (if negative, enter -0-)		0
c	Adjusted net income (if negative, enter -0-)...			6,918

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	9,261
	2	Savings and temporary cash investments.........		205,750	205,720
	3	Accounts receivable 52
		Less: allowance for doubtful accounts		52	52
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........		329	329
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	399,654
	14	Land, buildings, and equipment: basis 34,669
		Less: accumulated depreciation (attach schedule) 31,803	927	2,866	2,886
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	409,842	208,997	208,987
	17	Accounts payable and accrued expenses..........	25,490	127
	18	Grants payable..................
	19	Deferred revenue.................	29,320	9,508
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	54,810	9,635
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................	355,032	199,362
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see instructions).....	355,032	199,362
	31	Total liabilities and net assets/fund balances (see instructions).	409,842	208,997

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............

355,032

Enter amount from Part I, line 27a .....................

-155,670

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

199,362

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .

199,362

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	Life Insurance	P	2014-12-31	2015-07-07
b
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	340,944	399,654	-58,710
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			-58,710
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-58,710
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3	-58,710

Total of line 1, column (d) .....................

Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years . . .

Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....

Multiply line 4 by line 3......................

Enter 1% of net investment income (1% of Part I, line 27b)...........

Add lines 5 and 6........................

Enter qualifying distributions from Part XII, line 4.............

If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	0
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax	Refunded	11

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)
Rosalie Calarco	President 1.00	0
10200 US Highway 17 N Wilmington,NC284116854
Chris Wilcox	Treasurer 1.00	0
10200 US Highway 17 N Wilmington,NC284116854
Eric Guerra	Secretary 1.00	0
10200 US Highway 17 N Wilmington,NC284116854
Adrienne Moore	Vice President 1.00	0
10200 US Highway 17 N Wilmington,NC28411
Caroline Lewis	Executive Dir. 40.00	58,958
10200 US Highway 17 N Wilmington,NC28411

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1	The Poplar Grove Foundation's direct charitable activity consists of operating Poplar Grove Plantation. Built in 1850, the Plantation is listed on the National Register of Historic Places. The plantation is operated in such a way as to demonstrate the lifestyle and activities of the local community in the 19th Century. Operations include a blacksmith's shop, stables with live farm animals, including goats, sheep, chickens, ponies, and pigs. There are also craft demonstrations (such as blacksmithing, basket-making, weaving) and tours of the historic manor house. In fulfilling its mission to serve the local community, the grounds are frequently used to host local community events such as the weekly Farmers Market, a concert series, picnic and playground area, and serves as a rescue site for abandoned and/or neglected farm animals. Approximately 7,500 visitors purchase tickets to the guided tours of the plantation and upwards of 85,000 visitors from local and regional communities attend o	302,349
2


3


4

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

		(a) Corpus	(b) Years prior to 2014	(c) 2014	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2015:
a From 2010......
b From 2011......
c From 2012......
d From 2013......
e From 2014......
fTotal of lines 3a through e........
4Qualifying distributions for 2015 from Part
XII, line 4: $
a Applied to 2014, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2015 distributable amount.....
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2015.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2014. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2016. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8Excess distributions carryover from 2010 not applied on line 5 or line 7 (see instructions) ...
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2011....
b Excess from 2012....
c Excess from 2013....
d Excess from 2014....
e Excess from 2015....

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2015	(b) 2014	(c) 2013	(d) 2012	(e) Total
	6,918	24,201	11,908	34,358	77,385
b 85% of line 2a .........	5,880	20,571	10,122	29,204	65,777
c Qualifying distributions from Part XII, line 4 for each year listed .....	302,251	378,891	526,009	353,060	1,560,211
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....	302,251	378,891	526,009	353,060	1,560,211
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...	12,012	16,134	7,938	22,905	58,989
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)
11a	The mission of Poplar Grove Foundation, Inc., is conservation, education and preservation. Poplar Grove is the focal point of the Scotts Hill community, providing school and overnight programs, exhibits and lecture series, and annual fundraising events. We also host a weekly Farmers Market, which provides a retail outlet for local growers and producers to sell their goods directly to consumers, promotes local farmers and the use of local products, and educates consumers on conservation practice. There is also an Animal Sanctuary representing 19th century farm life, including an Equine Rescue Program, which rescues, rehabilitates and educates the public on equine abuse and neglect.
11c	Daily guided tours of the Manor House not only preserve the history of the Foy family household, including its slave holdings, but also seek to educate the public about the struggles of African American emancipation and education, from the Civil War to Civil Rights. The plantation demonstrates the lifestyle of the farming community in the 19th century. Visitors may observe blacksmithing, basket-making, and weaving demonstrations from that time period as well as visit the farm museum complex, such as the agricultural building, smokehouse, tenant house, kitchen and herb cellar.

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year

Total ................................. 3a

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........			14	74
4 Dividends and interest from securities....
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............			18	-58,710
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..			41	3,061
11 Other revenue: aCommunity Events					183,057
bOther			1	2,449
cPlantation Tours					79,809
d
e
12 Subtotal. Add columns (b), (d), and (e)..				-53,126	262,866

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................

bApproved for future payment

Total ................................. 3b

Name of organization Poplar Grove Foundation Inc

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	BBT 200 West Second Street WinstonSalem, NC27101	$ 6,053	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Name of organization Poplar Grove Foundation Inc		Employer identification number 58-1379468

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)


Name of organization Poplar Grove Foundation Inc			Employer identification number 58-1379468
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Adjusted Net Income
John Deere Mower	2010-04-01	6,815	6,474	SL	5.0000	341	341
Floor Scrubber for Barn	2011-05-01	2,199	1,613	SL	5.0000	440	440
Golf Cart	2015-01-08	3,400		SL	5.0000	680	680

Description	Revenue and Expenses per Books	Adjusted Net Income	Disbursements for Charitable Purposes
Advertising & Promotion	9,060	4,530	4,530
Community Events	27,096	27,096
General Operations	16,391		16,391
Insurance	31,956	31,956
Rented Equipment	13,439	13,439
Temporary Help	8,313		8,313
Tour Exhibit Costs	48,422	48,422

Category	Amount	Disbursements for Charitable Purposes
Facilties Services	16,189	16,189
IT Services	1,501	1,501
Payroll Processing	2,761	2,761

Software ID:	15000324
Software Version:	2015v2.0