French Broad Crossing Madison County Support Foundation Inc

Nonprofit profile at a glance

EIN
331521480
IRS 990 coverage
2025–2025
Forms available
Form 990 2025, Form 990-N 2024
Location
Marshall, NC, USA
Phone
9177339270
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Philanthropy, Voluntarism, and Grantmaking Foundations N.E.C.

Reported finances

Revenue
$318,233
Expenses
$258,756
Assets
$78,577
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

6 people listed

People named in this filing

  • Stanley Goldenberg (Vice Chairperson)
  • Kathleen Kraynick (Community Liaison)
  • Ronald Kraynick (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide support and resources to the population of Madison County North Carolina impacted by their economic circumstances or by virtue of emergent or catastrophic circumstances. The Foundation provides this support via public service-related organizations and other entities serving the community.

What it reported doing in 2025

The Foundation provided grants to the following organizations under its three categories of support and resources Community Business and Environment to advance our mission: 1 Marshall Relief Alliance MRA Community - three grants totaling $25,000 Business - one grant for $8,000: The Foundation provided a $10,000 grant to provide heat to more than 15 local families in need during the winter a $5,000 grant to provide secure storage for equipment and supplies used in home rebuilding a $10,000 grant to fund construction of a new gravel entrance for the Rollins community and an $8,000 grant to MRAs Rebuild Marshall micro grant program for businesses working to re-open. 2 Mountain BizWorks Business - one grant for $100,000: The Foundation provided a $100,000 grant for Mountain Bizworks Marshall-Hot Springs NC Rebuild Together program with funds allocated to 30 Marshall and 11 Hot Springs businesses damaged by Hurricane Helene with individual grants ranging from $7,500 to $25,000. 3 Community Housing Coalition of Madison County CHC Community - one grant for $10,000: The Foundation provided a $10,000 grant to CHC to help fund a park model home providing temporary housing for families in Marshall NC while their houses were being reconstructed. 4 Mountain Valleys Resource Conservation and Development RC and D Council Environment - one grant for $65,000: The Foundation provided a grant of $65,000 towards the Rollins Fortner Hollow French Broad River streambed restoration which was damaged during Hurricane Helene in partnership with Mountain Valleys Land of Sky NC Flood Resiliency Blueprint and the people of Rollins & Fortner Hollow. 5 Madison Alliance for Rebuilding Communities MARC Community - one grant for $25,000: The Foundation provided a grant of $25,000 to MARC under its Resilient Homes Program to help fill gaps in funding for more resilient new and renovated homes in Madison County that were damaged or destroyed by Hurricane Helene. 6 MountainTrue Environment - one grant of $10,000: The Foundation provided a grant of $10,000 for equipment to support MountainTrues efforts to clean up the French Broad River in Madison County. 7 Other organizations with grants to each organization totaling $5,000 or less Community - three grants totaling $8,000 Business - one grant for $5,000: Grants to these organizations comprised primarily of food pantries and a local arts organization helped feed people in need and repair buildings damaged by Hurricane Helene.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 94
  • Accountability: 88
  • Sustainability: 54
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.4%; rating input score 80
  • Program expense ratio: 98.9%; rating input score 99
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 20th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 94.9%; rating input score 95; 57th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 18.7%; rating input score 69; 69th percentile among comparable filings
  • Total-asset coverage ratio: 0.3; rating input score 17; 17th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 80.4% of revenue deployed · 98.9% of spending went to programs
  • Governance: 6 of 6 board members independent · 5 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $256K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 42 of 43 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors and grants
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 6 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Total-asset coverage ratio scored 17/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.