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Filing year 2024

STONECUTTER FOUNDATION INC

Spindale, North Carolina·EIN 56-6044820·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$917k
Total assets
$8.2M
Total expenses
$969k
Reported officers
9

Executive compensation

Form 990-PF · Part VIII · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations in North Carolina.

Executive Di
Median to 75th percentile
$96k
$102k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 8 unpaid individuals.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at STONECUTTER FOUNDATION INC equaled 10% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
10%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$661k

Itemized grants

17

Median grant

$20k

RecipientLocationPurposeAmount
RUTHERFORD COUNTY HABITAT FOR HUMANRUTHERFORDTON, NCCOMMUNITY$310k
TOWN OF SPINDALESPINDALE, NCCOMMUNITY$100k
RUTHERFORD HOUSING PARTNERSHIPRUTHERFORDTON, NCCOMMUNITY$46k
SYMPHONY OF RUTHERFORD COUNTYFOREST CITY, NCCOMMUNITY$33k
SCHIELE MUSEUM OF NATURAL HISTORYGASTONIA, NCCOMMUNITY$33k
TRINITY SCHOOLRUTHERFORDTON, NCEDUCATION$20k
FAMILY RESOURCES OF RUTHERFORD COUNTYRUTHERFORD, NCCOMMUNITY$20k
HATCH AVL FOUNDATIONASHEVILLE, NCEDUCATION$20k
SPINDALE UNITED METHODIST CHURCHSPINDALE, NCRELIGOUS$20k
OPENDOORS ASHEVILLEASHEVILLE, NCEDUCATION$17k
GARDNER-WEBB UNIVERSITYBOILING SPRINGS, NCEDUCATION$10k
LAKE LURE FLOWERING BRIDGELAKE LURE, NCCOMMUNITY$10k
SPENCER BAPTIST CHURCHSPINDALE, NCRELIGIOUS$7k
MARS HILL UNIVERSITYMARS HILL, NCEDUCATION$5k
PIEDMONT COUNCIL BOY SCOUTS OF AMERICAGASTONIA, NCCOMMUNITY$5k
RUTHERFORD COUNTY VISUAL ARTS GUILDRUTHERFORDTON, NCCOMMUNITY$4k
RUTHERFORD CO COOPERATIVE EXTENSIONSPINDALE, NCCOMMUNITY$500
Compare this foundation's grantees

Down 6%
from 2023

From $102k in 2023 to $96k in 2024.

$102k
2023
$96k
2024
In today's dollarsEst.
Down 9% in real terms$112k to $102k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay fell 6% from 2023 to 2024, while revenue fell 15%.

$102k in 2023 to $96k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about STONECUTTER FOUNDATION INC

What does the Chief Executive Officer of STONECUTTER FOUNDATION INC earn?

In 2024, the Chief Executive Officer of STONECUTTER FOUNDATION INC received $96,107 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among Philanthropy, Voluntarism & Grantmaking organizations in North Carolina, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at STONECUTTER FOUNDATION INC compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in North Carolina, the 2024 pay of the Chief Executive Officer at STONECUTTER FOUNDATION INC falls between the median and the 75th percentile. In 2024, the highest total compensation at STONECUTTER FOUNDATION INC equaled 10% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are STONECUTTER FOUNDATION INC's revenue and expenses?

In 2024, STONECUTTER FOUNDATION INC reported $917k in total revenue and $969k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.