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TRYON PALACE FOUNDATION INC

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Public IRS 990 nonprofit record

TRYON PALACE FOUNDATION INC

EIN 56-1795949 · Historical Societies & Historic Preservation (A82)

What they do

THE MISSION of THE TRYON PALACE FOUNDATION is to SUPPORT THE TRYON PALACE HISTORIC SITES and GARDENS BY PROTECTING, PRESERVING, and DEVELOPING THE LEGACY of ITS HISTORICAL PAST. WE ACCOMPLISH THIS THROUGH EDUCATION of CHILDREN and VISITORS FROM AROUND THE GLOBE, BY BEING GOOD STEWARDS of WHAT HAS BEEN ENTRUSTED to US and BY ENSURING ITS FUTURE for PRESENT and FUTURE GENERATIONS.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $85.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders26 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

28.20%of revenue went to mission work85.4% of expenses · Program services
0.86%of revenue went to fundraising2.6% of expenses
$33.03spent for every $100 of revenueRevenue covered expenses this year.
3.97%of revenue went to management and office costs12.0% of expenses
$9.60in assets for every $1 spent this yearSome assets cannot be spent right away.
88.6%of its money came from giftsOther money may come from services or investments.

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  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $32,640 for MR JOE ANDERSON (DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$3,037,481
Mission workProgram services$856,59528.20% of revenue85.4% of expenses
ManagementOffice and general costs$120,5803.97% of revenue12.0% of expenses
FundraisingAsking for donations$26,0770.86% of revenue2.6% of expenses
Revenue left after expensesReported annual surplus$2,034,22966.97% of revenueShown in gray on the chart
Total expenses$1,003,25233.03% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 85.4% mission · 12.0% management · 2.6% fundraisingTotal expenses: 33.03% of revenue
2023Expense mix: 67.2% mission · 26.6% management · 6.1% fundraisingTotal expenses: 36.91% of revenue
2022Expense mix: 65.1% mission · 25.9% management · 9.0% fundraisingTotal expenses: 58.97% of revenue
2021Expense mix: 88.2% mission · 8.6% management · 3.1% fundraisingTotal expenses: 62.13% of revenue
2020Expense mix: 67.3% mission · 21.8% management · 10.9% fundraisingTotal expenses: 37.91% of revenue
2019Expense mix: 80.3% mission · 15.8% management · 3.9% fundraisingTotal expenses: 77.25% of revenue
2018Expense mix: 63.4% mission · 30.1% management · 6.5% fundraisingTotal expenses: 39.26% of revenue
2017Expense mix: 79.5% mission · 17.5% management · 2.9% fundraisingTotal expenses: 74.48% of revenue

Money in and money out

Revenue$3,037,481
Expenses$1,003,252
Annual surplus $2,034,229 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$856,595 · 85.4% of expenses
Management and office costs$120,580 · 12.0% of expenses
Fundraising$26,077 · 2.6% of expenses
See all reported dollar amounts
Revenue$3,037,481
Expenses$1,003,252
Assets$9,633,044
Income$4,255,526
Contributions$2,692,150
Mission work (program services)$856,595
Fundraising$26,077
Management and general$120,580
Stocks and bonds$4,325,234
Accounting fees$19,500
Investing fees$24,250
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
MR JOE ANDERSONDIRECTOR · 3 hrs/week $32,640
MS CHRYSTAL REGAN EDSECRETARY/TREASURER · 5 hrs/week $20,000

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (26)

MR JOE ANDERSONDIRECTOR

MS CHRYSTAL REGAN EDSECRETARY/TREASURER

MR ROSS HARDEMANDIRECTOR

MS SUSAN MOFFAT THOMASDIRECTOR

MS SALLIE BAXTERDIRECTOR

MS ROZANNE B MCCOTTERDIRECTOR

MS CECE MAY SCOTTDIRECTOR

MS CATHERINE LITTLEDIRECTOR

MS CAROLE KEMPDIRECTOR

MS CAROL MATTOCKSDIRECTOR

MS ANNE SCHOUTPRESIDENT

MR WILLIAM S CORBITTDIRECTOR

MR WILLIAM HOLLOWELLDIRECTOR

MR THOMAS MONTEDIRECTOR

MR BILL KWASNICKDIRECTOR

MR RANDAL HUNTERVICE PRESIDENT

MR PARESH PANKHAVALADIRECTOR

MR MARK GATLINDIRECTOR

MR LEE HODGEDIRECTOR

MR JUDSON MCADENDIRECTOR

MR JOHN W KINGDIRECTOR

MR JIM ROBINSONDIRECTOR

MR JAMES COPLAND IVDIRECTOR

MR DAWN PEELEDIRECTOR

MR DARIN WATERSEX-OFFICIO

MR CRAIG ALLENDIRECTOR

About this charity

Recognized since
January 1993
Location
PO BOX 1007, NEW BERN, NC 28563-1007
County
Craven
In care of
ANNE SCHOUT
Primary officer
ANNE SCHOUT, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Phone(252) 639-3611 Officer phone(252) 637-9102

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
DEAN DORTON ALLEN FORD PLLC
NTEE classification
Historical Societies & Historic Preservation (A82)
IRS tax category
Historical Societies & Historic Preservation

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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