Historic Toxaway Foundation
Nonprofit profile at a glance
- EIN
- 822485715
- IRS 990-EZ coverage
- 2018–2025
- Forms available
- Form 990-EZ 2025
- Location
- Lake Toxaway, NC, USA
- Phone
- 7138058301
- Rating
- 91
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Philanthropy, Voluntarism, and Grantmaking Foundations N.E.C.
Reported finances
- Revenue
- $105,971
- Expenses
- $102,770
- Assets
- $77,686
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
9 people listed
People named in this filing
- FREDERIC B HAWLEY (TREASURER)
- JOHN NICHOLS III (BOARD MEMBER)
- JIM DITZEL (CHAIRMAN)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization was created for charitable and educational puposes, to promote the rich history of the greater lake toxaway community, to educate the public about the community's heritage, and to proide vision and guidance in revitalizing and beautifying public access areas in the lake toxaway community.
What it reported doing in 2025
The organization carried out activities to support its primary exempt purposes of educating the public about the community's heritage, and providing vision and guidance in revitalizing and beautifying public access areas in the lake toxaway community.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 84% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 90
- Transparency & Controls: 100
- Sustainability: 41
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 89.3%; rating input score 89
- Program expense ratio: 92.1%; rating input score 92
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 3%; rating input score 40; 40th percentile among comparable filings
- Total-asset coverage ratio: 0.76; rating input score 50; 50th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 9.3% per year; rating input score 100; 57th percentile among comparable filings
- Revenue growth: 2.8% per year; rating input score 100; 32nd percentile among comparable filings
- Asset growth: -2.6% per year; rating input score 0; 19th percentile among comparable filings
Details
- Where the money goes: 89.3% of revenue deployed · 92.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $95K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 8 filing years from 2018 to 2025
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.
- Moderate — Sustainability: Operating margin scored 40/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 50/100.