Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
TRUE HOMES FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)2649 BREKONRIDGE CENTRE DRIVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MONROE, NC28110
A Employer identification number

82-2936594
B Telephone number (see instructions)

(980) 313-3253
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$4,560,536J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 429,375
2 Check right arrow.............
3 Interest on savings and temporary cash investments 180,791 180,791  
4 Dividends and interest from securities...      
5a Gross rents............ 14,148 14,148  
b Net rental income or (loss) 14,148
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 624,314 194,939  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
4,680 0   0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
46,812 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 51,492 0   0
25 Contributions, gifts, grants paid....... 498,582 498,582
26 Total expenses and disbursements. Add lines 24 and 25 550,074 0   498,582
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 74,240
b Net investment income (if negative, enter -0-) 194,939
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 876,846 614,178 614,178
2 Savings and temporary cash investments......... 3,537,842 3,690,571 3,690,571
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow206,300
Less: allowance for doubtful accounts right arrow0 135,500 206,300 206,300
8 Inventories for sale or use.............. 49,487 49,487 49,487
9 Prepaid expenses and deferred charges..........      
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 right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,599,675 4,560,536 4,560,536
Liabilities 17 Accounts payable and accrued expenses.......... 138,395 25,016
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 138,395 25,016
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 4,461,280 4,535,520
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 4,461,280 4,535,520
30 Total liabilities and net assets/fund balances (see instructions). 4,599,675 4,560,536
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
4,461,280
2
Enter amount from Part I, line 27a .....................
2
74,240
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
4,535,520
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
4,535,520
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(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.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
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
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
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 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 2,710
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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 0
3 Add lines 1 and 2........................... 3 2,710
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,710
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 108
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 2,818
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrow
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowSTEVE SWEETSER Telephone no.right arrow (980) 313-3253

Located atright arrow2649 BREKONRIDGE DRIVEMONROENC ZIP+4right arrow28110
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
Yes
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
G DAVID CUTHERBERSTON BOARD CHAIR
0.25 		0 0 0
2649 BREKONRIDGE CENTRE DRIVE
MONROE,NC28110
MARK W BOYCE VICE PRESIDENT/SECRETARY
0.25 		0 0 0
2649 BREKONRIDGE CENTRE DRIVE
MONROE,NC28110
DANIEL HORNER PRESIDENT
0.25 		0 0 0
2649 BREKONRIDGE CENTRE DRIVE
MONROE,NC28110
STEVE SWEETSER TREASURER
0.25 		0 0 0
2649 BREKONRIDGE CENTRE DRIVE
MONROE,NC28110
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(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...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
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
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
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  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
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  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
0
b
Average of monthly cash balances.......................
1b
4,239,568
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
4,239,568
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
4,239,568
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
63,594
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
4,175,974
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
208,799
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
208,799
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
2,710
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
2,710
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
206,089
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
206,089
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
206,089
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
498,582
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
498,582
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 206,089
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 207,117
b From 2020...... 643,781
c From 2021...... 784,435
d From 2022...... 359,583
e From 2023...... 362,421
f Total of lines 3a through e ........ 2,357,337
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 498,582
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 206,089
e Remaining amount distributed out of corpus 292,493
5 Excess distributions carryover applied to 2024. 0 0
(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 2,649,830
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
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...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		0
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) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		207,117
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		2,442,713
10 Analysis of line 9:
a Excess from 2020.... 643,781
b Excess from 2021.... 784,435
c Excess from 2022.... 359,583
d Excess from 2023.... 362,421
e Excess from 2024.... 292,493
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
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 .... 		         
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 IX, line 6 for each year listed .. 		         
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          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
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:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
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)
aPaid during the year

ALPHA CHI OMEGA FOUNDATION

PO BOX 6457 DEPT 291
INDIANAPOLIS,IN46206 		  PC GENERAL SUPPORT 547

ALS ASSOCIATION

1300 WILSON BLVD SUITE 600
ARLINGTON,VA22209 		  PC GENERAL SUPPORT 100

ALZHEIMER'S ASSOCIATION

225 N MICHIGAN AVE
CHICAGO,IL60601 		  PC GENERAL SUPPORT 2,000

AMERICAN CANCER SOCIETY

357 KUKUAU STREET
HILO,HI96720 		  PC GENERAL SUPPORT 633

AMERICAN HEART ASSOCIATION

7272 GREENVILLE AVE
DALLAS,TX75231 		  PC GENERAL SUPPORT 1,210

AMERICAN LEGION POST 63

2488 MORAN ST
BURLINGTON,NC27215 		  PC GENERAL SUPPORT 800

AMERICAN RED CROSS

2425 PARK ROAD 023
CHARLOTTE,NC28203 		  PC GENERAL SUPPORT 1,110

APPALACHIAN ST UNIV FOUNDATION

ASU BOX 32014
BOONE,NC28608 		  PC GENERAL SUPPORT 1,000

ARTS & CULTURAL AUTHORITY OF CLASTON & EVANS COUNTY

PO BOX 1
CLAXTON,GA30417 		  PC GENERAL SUPPORT 1,000

ASHE COUNTY RESCUE SQUAD INC

PO BOX 639
WEST JEFFERSON,NC28694 		  PC GENERAL SUPPORT 1,000

ATRIUM HEALTH WAKE FOREST

MEDICAL CENTER BOULEVARD
WINSTONSALEM,NC27157 		  PC GENERAL SUPPORT 5,000

AUSOME ABILTIES

110 PIEDMONT POINTE DR APT 1
MOORESVILLE,NC28115 		  PC GENERAL SUPPORT 100

AUTISM STRONG FOUNDATION

9935-D REA ROAD SUITE 253
CHARLOTTE,NC28277 		  PC GENERAL SUPPORT 200

BABY BUNDLES

PO BOX 12303
CHARLOTTE,NC28220 		  PC GENERAL SUPPORT 1,000

BACKPACK WEEKEND FOOD PROGRAM

1554 UNION RD STE D
GASTONIA,NC28054 		  PC GENERAL SUPPORT 1,000

BALLANMOOR YOUTH SPORTS

18428 LILLIESLEAF LN
CHARLOTTE,NC28277 		  PC GENERAL SUPPORT 1,000

BAXTER VET CARES

1152 STONECREST BLVD
FORT MILL,SC29715 		  PC GENERAL SUPPORT 410

BEDS FOR KIDS

1800 CAMDEN RD STE 107-17
CHARLOTTE,NC28203 		  PC GENERAL SUPPORT 1,320

BELOVED ASHEVILLE

32 OLD CHARLOTTE HWY
ASHEVILLE,NC28803 		  PC GENERAL SUPPORT 200

BEST FRIENDS ANIMAL SOCIETY

5001 ANGEL CANYON RD
KANAB,UT84741 		  PC GENERAL SUPPORT 100

BETHEL VOLUNTEER FIRE DEPT

6240 OAKRIDGE RD
CLOVER,SC29710 		  PC GENERAL SUPPORT 1,000

BLACK MOUNTAIN CHILDREN'S HOME

80 LAKE EDEN RD
BLACK MTN,NC28711 		  PC GENERAL SUPPORT 1,000

BOB WOODRUFF FOUNDATION

1350 BROADWAY ST 905
NEW YORK,NY10018 		  PC GENERAL SUPPORT 100

BOY SCOUT TROOP 277

1694 BIRD STREET
ROCK HILL,SC29732 		  PC GENERAL SUPPORT 1,000

BROOKS FOUNDATION

700 NORTHBROOK DR
RALEIGH,NC27609 		  PC GENERAL SUPPORT 600

BRUNSWICK FAMILY ASSISTANCE

4600 MAIN ST
SHALLOTTE,NC28470 		  PC GENERAL SUPPORT 400

BUILDERS BRIDGE

2649 BRECKONRIDGE CENTRE DR
MONROE,NC28110 		  PC GENERAL SUPPORT 51,000

CAMINO COMMUNITY DEVELOPMENT FOUND'N

133 STETSON DRIVE
CHARLOTTE,NC28262 		  PC GENERAL SUPPORT 48,150

CAMP HAPPY DAYS

933 DUPONT RD SUITE B
CHARLESTON,SC29407 		  PC GENERAL SUPPORT 300

CAMP VICTORY

363 VICTORY CIRCLE
SAMSON,AL36477 		  PC GENERAL SUPPORT 400

CAROLINA OUTPOST

459 LATIMER LN
FT MILL,SC29715 		  PC GENERAL SUPPORT 1,000

CAROLINA RELIEF - DREAM CENTER

1854 HENDERSONVILLE ROAD SUITE A 5
ASHEVILLE,NC28803 		  PC GENERAL SUPPORT 1,000

CAROLINA WATERFOWL RESCUE

PO BOX 1484
INDIAN TRAIL,NC28079 		  PC GENERAL SUPPORT 400

CHANGE & IMPACT LLC

1109 TOWLSTON RD
MCCLEAN,VA22102 		  PC GENERAL SUPPORT 160

CHANTILLY PTO

701 BRIER CREEK ROAD
CHARLOTTE,NC28205 		  PC GENERAL SUPPORT 600

CHARLESTON LEGAL ACCESS

1816 SUCCESS ST BUILDING A UNIT 102
NORTH CHARLESTON,SC29405 		  PC GENERAL SUPPORT 400

CHARLOTTE FELLOWS

2820 SELWYN AVE
CHARLOTTE,NC28209 		  PC GENERAL SUPPORT 414

CHRISTIAN ADOPTION SERVICES

7884 IDLEWILD RD
INDIAN TRAIL,NC28079 		  PC GENERAL SUPPORT 1,000

CITADEL OF PRAISE

4 CLUBVIEW COURT
GREENSBORO,NC27410 		  PC GENERAL SUPPORT 5,000

CLOVER AREA ASSISTANCE CENTER

1130 HWY 55 E
CLOVER,SC29710 		  PC GENERAL SUPPORT 200

COMMON HEART

PO BOX 2761
INDIAN TRAIL,NC28079 		  PC GENERAL SUPPORT 400

COMMUNITY LINK

601 E 5TH ST STE 460
CHARLOTTE,NC28202 		  PC GENERAL SUPPORT 5,000

COMMUNITY SHELTER OF UNION COUNTY

160 MEADOW STREET
MONROE,NC28110 		  PC GENERAL SUPPORT 668

CRISIS ASSISTANCE MINISTRY

500B SPRATT ST
CHARLOTTE,NC28206 		  PC GENERAL SUPPORT 1,104

CRU

9606 COVEDALE DR
CHARLOTTE,NC28270 		  PC GENERAL SUPPORT 400

DABI'S DAUGHTER

115 HENDERSON ST
MONROE,NC28110 		  PC GENERAL SUPPORT 1,000

DEFEND THE FATHERLESS

1274 LANGE CT
FORT MILL,SC29715 		  PC GENERAL SUPPORT 500

DEGA MOBILE VETERINARY CARE

6121 HOPE LANE
FUQUAY VARINA,NC27526 		  PC GENERAL SUPPORT 100

DELTA GAMMA FOUNDATION

3250 RIVERSIDE DR
COLUMBUS,OH43221 		  PC GENERAL SUPPORT 104

DONE IN LOVE INC

309 HASSELLWOOD DR
CARY,NC27518 		  PC GENERAL SUPPORT 7,500

DORCHESTER PAWS

136 FOUR PAWS LN
SUMMERVILLE,SC29483 		  PC GENERAL SUPPORT 1,200

DREAMKEY PARTNERS INC

4601 CHARLOTTE PARK DR STE 350
CHARLOTTE,NC28217 		  PC GENERAL SUPPORT 26,000

EAST GASTON BAND BOOSTERS

1744 LAND ROAD
MT HOLLY,NC28120 		  PC GENERAL SUPPORT 800

FAT BOTTOM PIG SANCTUARY

16042 S HWY 11
FAIR PLAY,SC29643 		  PC GENERAL SUPPORT 1,000

FEED NCMOORESVILLE SOUP KITCHEN

275 S BROAD ST
MOORESVILLE,NC28115 		  PC GENERAL SUPPORT 1,000

FOLDS OF HONOR

5971 N PATRIOT DRIVE
OWASSO,OK74055 		  PC GENERAL SUPPORT 200

FOSTER VILLAGE CHARLOTTE

4915 MONROE ROAD
CHARLOTTE,NC28205 		  PC GENERAL SUPPORT 2,000

FOSTERING HOPE

308 ELM STREET
CONWAY,SC29526 		  PC GENERAL SUPPORT 400

FOUNDATION FOR THE CAROLINAS

220 N TRYON STREET
CHARLOTTE,NC28202 		  PC GENERAL SUPPORT 2,500

FREEDOM COMMUNITIES

3501 TUCKASEEGEE RD
CHARLOTTE,NC28208 		  PC GENERAL SUPPORT 400

GIFT OF ADOPTION THE CAROLINAS

1200 SHERMER RD STE 111
NORTHBROOK,IL60062 		  PC GENERAL SUPPORT 1,000

GO JEN GO FOUNDATION

7804 FAIRVIEW RD 217
CHARLOTTE,NC28226 		  PC GENERAL SUPPORT 300

GO LOVE

2608 COZY COVE DR
YORK,SC29745 		  PC GENERAL SUPPORT 80

GOODHEART MINISTRIES

PO BOX 550
KERNERSVILLE,NC27285 		  PC GENERAL SUPPORT 1,000

GREENSBORO HOUSING COALITION

1031 SUMMIT AVENUE STE 1E-2
GREENSBORO,NC27405 		  PC GENERAL SUPPORT 750

GREENSBORO YOUTH FOR CHRIST

917 ELM ST
GREENSBORO,NC27402 		  PC GENERAL SUPPORT 1,000

GROUND 40

303 DALE STREET
MONROE,NC28112 		  PC GENERAL SUPPORT 1,000

HALFWAY THERE RESCUE

1605 SHETLAND LN
ROCK HILL,SC29730 		  PC GENERAL SUPPORT 800

HAPPY HILLS ANIMAL FOUNDATION

3143 HAPPY HILLS DR
STALEY,NC27355 		  PC GENERAL SUPPORT 400

HAVEN MEN'S FOUNDATION

546 SOUTH CHERRY ROAD
ROCK HILL,SC29732 		  PC GENERAL SUPPORT 3,000

HER HAVEN OF LIGHT

545 E MAIN ST
CLAYTON,NC27520 		  PC GENERAL SUPPORT 1,200

HOPE VIBES CHARLOTTE

PO BOX 481653
CHARLOTTE,NC28269 		  PC GENERAL SUPPORT 120

HOUSE OF PEARLS

PO BOX 516
MONROE,NC28111 		  PC GENERAL SUPPORT 400

HUMANE SOCIETY OF EASTERN CAROLINA

3520 TUPPER DR
GREENVILLE,NC27834 		  PC GENERAL SUPPORT 100

HUMANE SOCIETY OF YORK COUNTY

8177 REGENT PARKWAY
FORT MILL,SC29715 		  PC GENERAL SUPPORT 1,200

IMPACT MINISTRIES OF THE TRIAD

8610 BAME RD
COLFAX,NC27235 		  PC GENERAL SUPPORT 1,000

INDEPENDENCE FUND

412 LOUISE AVE
CHARLOTTE,NC28204 		  PC GENERAL SUPPORT 200

INDIAN LAND SCOUTING

8095 SHELLEY MULLIS RD
INDIAN LAND,SC29707 		  PC GENERAL SUPPORT 2,000

INTERNATIONAL MISSION BOARD

3806 MONUMENT AVE
RICHMOND,VA23230 		  PC GENERAL SUPPORT 1,000

ISAIAH 117 HOUSE

PO BOX 842
ELIZABETHTON,TN37644 		  PC GENERAL SUPPORT 85

JOHN M PERKINS FOUNDATION

1831 ROBINSON ST
JACKSON,MS39209 		  PC GENERAL SUPPORT 21,000

K9S FOR WARRIORS

114 CAMP K9 RD
PONTE VERDA,FL32081 		  PC GENERAL SUPPORT 500

KAPPA FOUNDATION OF CHARLOTTE

5409 BEATTIES FORD ROAD
CHARLOTTE,NC28216 		  PC GENERAL SUPPORT 200

KAY PHILLIPS CHILD ADVOCACY

120 EXECUTIVE PKWY
MONCKS CORNER,SC29461 		  PC GENERAL SUPPORT 1,000

KENTUCKY REFUGEE MINISTRIES

969B CHEROKEE RD
LOUISVILLE,KY40204 		  PC GENERAL SUPPORT 1,000

LAKE NORMAN HUMANE SOCIETY

2106 CHARLOTTE HWY
MOORESVILLE,NC28117 		  PC GENERAL SUPPORT 200

LANCASTER CHILDREN'S HOME

1240 CHILDREN AVENUE
LANCASTER,SC29720 		  PC GENERAL SUPPORT 200

LEVINE CHILDRENS HOSPITAL

1000 BLYTHE BLVD
CHARLOTTE,NC28203 		  PC GENERAL SUPPORT 100

LOVE CHATHAM RALEIGH

421 N HOLLY AVE
SILER CITY,NC27344 		  PC GENERAL SUPPORT 1,420

LUCKY DOG ANIMAL RESCUE

5159 LEE HWY
ARLINGTON,VA22207 		  PC GENERAL SUPPORT 240

LUTHERAN MILITARY SUPPORT GROUP

PO BOX 483
NEW ULM,MN56073 		  PC GENERAL SUPPORT 200

MAKE-A-WISH

6324 FAIRVIEW RD STE 500
CHARLOTTE,NC28210 		  PC GENERAL SUPPORT 1,000

MERCY HOUSE INC

2308 LAUREL VALLEY WAY
RALEIGH,NC27604 		  PC GENERAL SUPPORT 400

MID-ATLANTIC PUG RESCUE INC

1285 BRADFORD DR
LANCASTER,SC29720 		  PC GENERAL SUPPORT 1,400

MISSAUKEE COUNTY COMMISSION ON AGING

2170 SOUTH MOREY ROAD
LAKE CITY,MI49651 		  PC GENERAL SUPPORT 1,000

MISSION UPRISING WELL

PO BOX 7178
FISHERS,IN46038 		  PC GENERAL SUPPORT 1,000

MOMS MOVING FORWARD

FREEDOM COMMUNITY 3501 TUCKASEEGEE
RD
CHARLOTTE,NC28208 		  PC GENERAL SUPPORT 50,000

MT AIRY CENTER

869 MT AIRY RD
DAVIDSONVILLE,MD21035 		  PC GENERAL SUPPORT 186

NATIONAL HOUSING ENDOWMENT

1201 15TH STREET NW
WASHINGTON,DC20005 		  PC GENERAL SUPPORT 110,000

NC DISASTER RELIEF FUND

1130 KILDAIRE FARM RD
CARY,NC27511 		  PC GENERAL SUPPORT 600

NCA&T SCHOLARSHIPS

1601 E MARKET ST
GREENSBORO,NC27411 		  PC GENERAL SUPPORT 9,000

NEW STORY

182 HOWARD ST 101
SAN FRANCISCO,CA94105 		  PC GENERAL SUPPORT 1,000

OPERATION AIRDROP

PO BOX 1271
BEDFORD,TX76095 		  PC GENERAL SUPPORT 413

PARITY HOMES

1014 W 36TH STREET UNIT 96
BALTIMORE,MD21211 		  PC GENERAL SUPPORT 20,000

PATRIOT RELIEF

PO BOX 396
HARRISBURG,NC28075 		  PC GENERAL SUPPORT 900

PAWS ON DEATH ROW

288 EGG HARBOR RD
SEWELL,NJ08080 		  PC GENERAL SUPPORT 124

PLANNED PARENTHOOD

PO BOX 97166
WASHINGTON,DC20090 		  PC GENERAL SUPPORT 800

PROJECT 2 HEAL

7008 PROVIDENCE RD S
WAXHAW,NC28173 		  PC GENERAL SUPPORT 1,080

PROJECT 658

3646 CENTRAL AVE
CHARLOTTE,NC28205 		  PC GENERAL SUPPORT 2,000

PROJECT NO KILL ANIMAL SHELTER

PO BOX 965
KERNERSVILLE,NC27285 		  PC GENERAL SUPPORT 80

PROJECT SWEET PEA

45 BOYLSTON ST
WARWICK,RI02889 		  PC GENERAL SUPPORT 200

PROMISING PAGES

4020 YANCEY RD
CHARLOTTE,NC28217 		  PC GENERAL SUPPORT 5,000

PUPPY RESCUE MISSION

PO BOX 1516
CELINA,TX75009 		  PC GENERAL SUPPORT 500

PURPLE HEART HOMES

755 WASHINGTON AVE
STATESVILLE,NC28677 		  PC GENERAL SUPPORT 1,000

RILEY'S CATCH

10403 DRAKE HILL DR
HUNTERSVILLE,NC28078 		  PC GENERAL SUPPORT 4,200

ROTARY FOUNDATION

ONE ROTARY CENTER 1560 SHERMAN AVE
EVANSTON,IL60201 		  PC GENERAL SUPPORT 1,000

SAFE PASSAGE

104 OAKLAND AVE
ROCK HILL,SC29730 		  PC GENERAL SUPPORT 500

SALVATION ARMY-WESTERN NC CAROLINA RECOVERY

501 ARCHDALE DR
CHARLOTTE,NC28217 		  PC GENERAL SUPPORT 400

SAMARITAN'S PURSE

801 BAMBOO RD
BOONE,NC28607 		  PC GENERAL SUPPORT 7,940

SANDHILLS ADULT & TEEN CHALLENGE

PO BOX 1701
SOUTHERN PINES,NC28388 		  PC GENERAL SUPPORT 200

SCETV

1041 GEORGE ROGERS BLVD
COLUMBIA,SC29201 		  PC GENERAL SUPPORT 80

SEBASTIAN STRONG FOUNDATION

PO BOX 661156
MIAMI SPRINGS,FL33266 		  PC GENERAL SUPPORT 1,000

SECOND HARVEST FOOD BANK

500-B SPRATT ST
CHARLOTTE,NC28206 		  PC GENERAL SUPPORT 1,000

SHE BUILT THIS CITY

1026 JAY STREET
CHARLOTTE,NC28208 		  PC GENERAL SUPPORT 1,080

SHELTER GUARDIANS

PO BOX 1934
SALISBURY,NC28145 		  PC GENERAL SUPPORT 400

SHIRLEY RYAN ABILITY LAB

355 E ERIE ST
CHICAGO,IL60611 		  PC GENERAL SUPPORT 400

SHRINERS HOSPITAL FOR CHILDREN

2900 ROCKY POINT DR
TAMPA,FL33607 		  PC GENERAL SUPPORT 800

SIMPLE FAITH RANCH

3248 NEW HOPE ROAD
LANCASTER,SC29720 		  PC GENERAL SUPPORT 1,000

SOUTHEAST GERMAN SHEPHERD RESCUE

PO BOX 250
NEW HILL,NC27562 		  PC GENERAL SUPPORT 200

SPECIAL OLYMPICS

2600 VIRGINIA AVE NW
WASHINGTON,DC20037 		  PC GENERAL SUPPORT 1,000

ST BALDRICK'S FOUNDATION

1333 S MAYFLOWER AVE
MONROVIA,CA91016 		  PC GENERAL SUPPORT 1,000

ST JUDE CHILDREN'S RESEARCH HOSPITAL

501 ST JUDE PLACE
MEMPHIS,TN38105 		  PC GENERAL SUPPORT 2,980

SUSAN G KOMEN

PO BOX 1520
HUNTERSVILLE,NC28070 		  PC GENERAL SUPPORT 1,400

THE FOOD BANK OF EASTERN NC

1924 CAPITAL BLVD
RALEIGH,NC27604 		  PC GENERAL SUPPORT 400

THE HOPE FOR FERTILITY FOUNDATION

PO BOX 663
PLEASANT GROVE,UT84062 		  PC GENERAL SUPPORT 1,000

THE INDEPENDENCE FUND

412 LOUISE AVE
CHARLOTTE,NC28204 		  PC GENERAL SUPPORT 280

THE KENAN-FLAGLER BUSINESS SCHOOL FOUNDATION

CAMPUS BOX 3490 205 KEN CENTER
CHAPEL HILL,NC27599 		  PC GENERAL SUPPORT 4,000

THE LIFE HOUSE WOMEN'S SHELTER INC

314 N WILSON ST
ROCK HILL,SC29730 		  PC GENERAL SUPPORT 2,460

THE SALVATION ARMY

1424 NORTHEAST EXPRESSWAY
ATLANTA,GA30329 		  PC GENERAL SUPPORT 1,485

THE VOICE OF THE MARTYRS

1815 SE BISON RD
BARTLESVILLE,OK74006 		  PC GENERAL SUPPORT 200

THEM BEFORE US

PO BOX 46452
SEATTLE,WA98126 		  PC GENERAL SUPPORT 200

TIME OUT YOUTH

3800 MONROE RD
CHARLOTTE,NC28227 		  PC GENERAL SUPPORT 2,000

TROUTMAN LIFE CENTER

122 FRAZIER LOOP
BARIUM SPRINGS,NC28677 		  PC GENERAL SUPPORT 1,000

TRUE FREEDOM MINISTRIES

PO BOX 39362
INDIANAPOLIS,IN46239 		  PC GENERAL SUPPORT 1,000

TUNNEL TO TOWERS FOUNDATION

2361 HYLAN BLVD
STATEN ISLAND,NY10306 		  PC GENERAL SUPPORT 2,490

UNC CHARLOTTE FOUNDATION

8724 UNIVERSITY CITY BLVD
CHARLOTTE,NC28223 		  PC GENERAL SUPPORT 5,000

UNION COUNTY HUMANE SOCIETY

PO BOX 101
MONROE,NC28111 		  PC GENERAL SUPPORT 280

UNITED CHRISTIAN MINISTRIES OF JACKSON CO

PO BOX 188
SLYVA,NC28779 		  PC GENERAL SUPPORT 311

USA HOMESTAYS INC

PO BOX 964
FISHERS,IN46038 		  PC GENERAL SUPPORT 808

VALLEY STRONG DISASTER RELIEF

2898 US 70 HWY
BLACK MOUNTAIN,NC28711 		  PC GENERAL SUPPORT 1,000

VETERAN'S BRIDGE HOME

5260 PARKWAY PLAZA BLVD STE 110
CHARLOTTE,NC28217 		  PC GENERAL SUPPORT 680

WATCHTOWER BIBLE AND TRACT SOCIETY

900 RED MILLS ROAD
WALLKILL,NY12589 		  PC GENERAL SUPPORT 1,200

WATER FOR LIFE FOUNDATION INC

2627 BREKONRIDGE CTR DR
MONROE,NC28110 		  PC GENERAL SUPPORT 1,000

WAY TO BATTLE

10 E WATERLOO ST
CANAL WINCHESTER,OH43110 		  PC GENERAL SUPPORT 200

WHOLE MAN MINISTRIES

3916 OLD LEXINGTON RD
WINSTON SALEM,NC27107 		  PC GENERAL SUPPORT 1,000

WILLS PLACE INC

737A NC 24E
ALBEMARLE,NC28001 		  PC GENERAL SUPPORT 3,700

WINE TO WATER

PO BOX 2567
BOONE,NC28607 		  PC GENERAL SUPPORT 1,000

WOUNDED WARRIOR PROJECT

4899 BELFORT RD STE300
JACKSONVILLE,FL32256 		  PC GENERAL SUPPORT 200

YWAM

PO BOX 3000
GARDEN VALLEY,TX75771 		  PC GENERAL SUPPORT 400

YOUNG AMERICAS FOUNDATION

11480 COMMERCE PARK DR 6TH FL
RESTON,VA20191 		  PC GENERAL SUPPORT 200

YOUNG LIFE

PO BOX 5184
HARLAN,IA51593 		  PC GENERAL SUPPORT 1,800

YOUTH ORCHESTRAS OF CHARLOTTE

7209 E WT HARRIS BLVD
CHARLOTTE,NC28227 		  PC GENERAL SUPPORT 200
Total .................................right arrow 3a 498,582
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
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
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 ........... 		    14 180,791  
4 Dividends and interest from securities ....          
5 Net rental income or (loss) from real estate:
aDebt-financed property......     16 14,148  
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 ............ 		         
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 194,939 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
194,939
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
TRUE HOMES FOUNDATION INC
 
Employer identification number

82-2936594
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
TRUE HOMES FOUNDATION INC
  		Employer identification number
82-2936594
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
TRUE HOMES LLC
 
2649 BREKONRIDGE CENTRE DRIVE
 
MONROE, NC28110

$ 429,375


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
TRUE HOMES FOUNDATION INC
  		Employer identification number

82-2936594
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) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
TRUE HOMES FOUNDATION INC
  		Employer identification number

82-2936594
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.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
TRUE HOMES FOUNDATION INC
EIN:
82-2936594
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION 4,680 0   0

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 ExpenditureResponsibilityStmt
Name:
TRUE HOMES FOUNDATION INC
EIN:
82-2936594
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
BUILDERS BRIDGE
  		2649 BREKONRIDGE CENTRE DR
MONROE,NC28110 		2024-02-14 51,000 GENERAL SUPPORT OF THE PROGRAMS OPERATED BY BUILDERS BRIDGE, A 501(C)(3) PRIVATE OPERATING FOUNDATION OPERATED IN CONJUNCTION WITH TRUE HOMES FOUNDATION   NO DIVIERSION OF FUNDS NOTED THROUGHOUT THE YEAR   TRUE HOMES FOUNDATION WAS ABLE TO VERIFY THAT THE FUNDS GRANTED TO BUILDERS BRIDGE WERE USED FOR THE INTENDED PURPOSE OF THE GRANT.

TY 2024 OtherExpensesSchedule
Name:
TRUE HOMES FOUNDATION INC
EIN:
82-2936594
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
GENERAL & ADMINISTRATIVE EXPENSES 46,812 0   0