EAGLE'S NEST FOUNDATION INC

EIN: 566009912 501(c)(3) Environment

PISGAH FOREST, NC

Total Revenue
$2,926,791
Total Expenses
$3,264,664
Total Assets
$6,884,833
Net Assets
$4,904,042
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1948
Legal Domicile
NC
Principal Officer
BETH VENABLE
Phone
8288774349
Tax Period
2023-01-01 to 2023-12-31

EAGLE'S NEST FOUNDATION INC, founded in 1948, is a community nonprofit in the Environment sector that reported $2.9M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $3.3M exceeded revenue, resulting in a 12% operating deficit.

Mission

EXPERIENTIAL EDUCATION FOR YOUNG PEOPLE, PROMOTING THE NATURAL WORLD AND THE BETTERMENT OF HUMAN CHARACTER.

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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 (2023)

Revenue Breakdown

Contributions & Grants $505,749
Program Service Revenue $2,322,801
Investment Income $87,045
Other Revenue $11,196
TOTAL REVENUE $2,926,791

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,800,854
Fundraising Expenses $156,396
Program Expenses $2,657,183
Other Expenses $1,463,810
TOTAL EXPENSES $3,264,664

Year-over-Year Comparison

2023 2022 Change
Revenue $2,926,791 $3,385,217 -0.1%
Expenses $3,264,664 $3,058,521 +0.1%
Net Income $-337,873 $326,696 -2.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
22
Independent Members
22
Employees
140
Volunteers
29

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
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CORMAC CONNOR PRESIDENT 4.00
Officer Director
$0 $0 $0
DAVID GILBERT VICE PRESIDE 2.00
Officer Director
$0 $0 $0
ABIGAIL AKRE SECRETARY 2.00
Officer Director
$0 $0 $0
HAROLD PHILIPSEN TREASURER 4.00
Officer Director
$0 $0 $0
WILL ABBERGER TRUSTEE 2.00
Director
$0 $0 $0
GAIL BUNCE TRUSTEE 2.00
Director
$0 $0 $0
CISSY KELTON BYRD TRUSTEE 2.00
Director
$0 $0 $0
LIBBA COOPER TRUSTEE 2.00
Director
$0 $0 $0
CAIN COX TRUSTEE 2.00
Director
$0 $0 $0
MARGARET ESPOSITO TRUSTEE 2.00
Director
$0 $0 $0
JILL FLEURIET TRUSTEE 2.00
Director
$0 $0 $0
HEATHER GOODLING TRUSTEE 2.00
Director
$0 $0 $0
WENDY HEILBUT TRUSTEE 2.00
Director
$0 $0 $0
ROGER HERBERT JR TRUSTEE 2.00
Director
$0 $0 $0
JAMEY LOWDERMILK TRUSTEE 2.00
Director
$0 $0 $0
SARAH IRONS MARQUES TRUSTEE 2.00
Director
$0 $0 $0
JUSTIN PLUMMER TRUSTEE 2.00
Director
$0 $0 $0
EDEE WAITE ROBINSON TRUSTEE 2.00
Director
$0 $0 $0
TOM ROGERS TRUSTEE 2.00
Director
$0 $0 $0
BECKY SALOMON TRUSTEE 2.00
Director
$0 $0 $0
DEE ANNA SMITH TRUSTEE 2.00
Director
$0 $0 $0
DIANE ULMER TRUSTEE 2.00
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
2024 No data No data No data No data
2023 $2,926,791 $3,264,664 $6,884,833 $-337,873
2022 $3,385,217 $3,058,521 $7,078,625 $326,696
2021 $3,726,714 $2,752,972 $6,201,338 $973,742
2020 $2,011,058 $2,199,502 $5,380,806 $-188,444
2019 $3,029,021 $2,729,776 $4,967,294 $299,245
2018 $2,560,637 $2,555,709 $4,823,683 $4,928
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