North Carolina · Nonprofit
KORNER'S FOLLY FOUNDATION INC
KORNER'S FOLLY FOUNDATION INC (North Carolina) receives grants from 11 organizations whose IRS filings report $455,787 to it, the largest being The Winston-Salem Foundation ($143,650). 7 of them have funded it in more than one year, and 60% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $392k
- Funders on record
- 11
- Grants received
- $456k
- Net assets
- $469k
What Korner's Folly Foundation Inc does
Mission
To preserve, restore, maintain, and interpret the historic structure for the education and enjoyment of the public through tours, programs, and special events year-round
As stated on its FY2025 Form 990.
Program
The korner's folly foundation preserves, interprets, and shares korner's folly, a designated local historic landmark listed on the national register of historic places, through historic preservation, education, public engagement, and tourism collaboration. The foundation stewards the historic house, its collections, and the artistic legacy of designer, decorator, and entrepreneur julie gilmer korner, while interpreting the lives and contributions of the korner family and the broader historical, architectural, and cultural context in which they lived and worked.the foundation provides self-guided and guided tours, school programs, exhibitions, public lectures, concerts, workshops, community festivals, and preservation initiatives that foster appreciation for architecture, decorative arts, local history, and traditional trades. Through partnerships with educational institutions, civic organizations, local governments, tourism agencies, and community groups, the foundation expands access to cultural resources while supporting heritage tourism and economic vitality throughout kernersville and the surrounding region.during the fiscal year, the foundation welcomed more than 16,000…
$428,952 spent$159,757 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $428,952.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $1.2M to $2.6M (+120%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 18% · 2018 10% · 2019 13% · 2020 7% · 2021 19% · 2022 38% · 2023 15% · 2024 23%. Grants only. Government contracts and fees sit inside program revenue.
45% of KORNER'S FOLLY FOUNDATION INC’s revenue is contributions — about as donation-reliant as the typical peer (64% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Suzanna Ritz Malliett
Executive director
As listed on its FY2025 Form 990.
Who funds it, year by year
2019 → 2023: the base broadened from 3 funders to 4 funders, grant income fell $104k → $41k.
3 of 11 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 60% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $299k from one payer (the payer shares this organization's board, largest Kernersville Foundation Inc). These are real filings, and they are not money KORNER'S FOLLY FOUNDATION INC raised.
From the IRS filings of KORNER'S FOLLY FOUNDATION INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
KORNER'S FOLLY FOUNDATION INC leans on a few funders — its largest provides 32% of grant income and the top three 73%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
78% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund KORNER'S FOLLY FOUNDATION INC.
Largest funder’s share by year: 2019 61% · 2020 34% · 2021 43% · 2022 76% · 2023 67% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
11% of KORNER'S FOLLY FOUNDATION INC's funders are still giving 3 years after their first grant; 64% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
60% of KORNER'S FOLLY FOUNDATION INC's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $181k that is directly attributable, 87% of it comes from North Carolina funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $275k arriving through sponsors registered in 3 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
KORNER'S FOLLY FOUNDATION INC is better cushioned than half of the 11,634 arts & culture nonprofits its size.
this organization peer median middle 50% of peers· 11,634 arts & culture nonprofits $100k–$1M, FY2025
Organizations like KORNER'S FOLLY FOUNDATION INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
76% of spending goes to programs.
Governance
Public support
71%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Screen this organization
A dated, signed PDF of the compliance screen for KORNER'S FOLLY FOUNDATION INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds KORNER'S FOLLY FOUNDATION INC?
- KORNER'S FOLLY FOUNDATION INC (North Carolina) receives grants from 11 organizations whose IRS filings report $455,787 to it, the largest being The Winston-Salem Foundation ($143,650). 7 of them have funded it in more than one year, and 60% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does KORNER'S FOLLY FOUNDATION INC have?
- IRS filings report 11 organizations giving $455,787 in grants to KORNER'S FOLLY FOUNDATION INC, 7 of which have funded it in more than one year.
- Who is the largest funder of KORNER'S FOLLY FOUNDATION INC?
- The Winston-Salem Foundation is the largest funder on record, with $143,650 in grants. The full list of funders is on this page.
- How can an organization like KORNER'S FOLLY FOUNDATION INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Korner's Folly →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 11 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing