French Broad Crossing Madison County Support Foundation Inc

EIN: 331521480 501(c)(3) Philanthropy & Grantmaking

MARSHALL, NC

Total Revenue
$318,233
Total Expenses
$258,756
Total Assets
$78,577
Net Assets
$78,577
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Financial Trends

Organization Details

Formation Year
2024
Legal Domicile
NC
Principal Officer
Gregory Tosko
Phone
9177339270
Tax Period
2025-01-01 to 2025-12-31

French Broad Crossing Madison County Support Foundation Inc, founded in 2024, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $318K in total revenue in fiscal year 2025. Revenue surged 1566% from the prior year, signaling strong growth momentum. The organization ran a surplus of $59K, a strong 19% operating margin.

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.

Program Service Accomplishments

Program 1
Expenses: $256,000 Revenue: $0

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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $318,233
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $318,233

Expense Breakdown

Grants Paid $256,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $256,000
Other Expenses $2,756
TOTAL EXPENSES $258,756

Year-over-Year Comparison

2025 2024 Change
Revenue $318,233 $19,100 +15.7%
Expenses $258,756 N/A N/A
Net Income $59,477 $19,100 +2.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stanley Goldenberg Vice Chairperson 10.00
Officer Director
$0 $0 $0
Kathleen Kraynick Community Liaison 10.00
Director
$0 $0 $0
Ronald Kraynick Treasurer 10.00
Officer Director
$0 $0 $0
Ann Shiver Community Liaison 10.00
Director
$0 $0 $0
Gregory Tosko Chairperson 10.00
Officer Director
$0 $0 $0
Jonathan Weaver Secretary 10.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $318,233 $258,756 $78,577 $59,477
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