Nonprofit · EIN 01-0554374
PENINSULA COMMUNITY FOUNDATION
Tax-exempt · CORNELIUS, NC 28031
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $546,106 | $564,754 | -$18,648 | $281,705 | $5,707 | $275,998 |
| December 31, 2023 | 990 | $359,397 | $320,931 | $38,466 | $294,829 | $183 | $294,646 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $525,634
- Program service revenue
- $0
- Investment income
- $5,185
- Net income from fundraising events
- $15,287
- Other revenue
- $15,287
Expenses
- Grants and similar amounts paid
- $546,720
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $564,754
Balance sheet and other
- Total assets, start of year
- $294,829
- Total assets, end of year
- $281,705
- Total liabilities, end of year
- $5,707
- Net assets, end of year
- $275,998
- Net assets without donor restrictions
- $275,998
- Gross receipts
- $641,959
- Employees
- 0
- Year formed
- 2001
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RON BRUCE | TREASURER Trustee or director, Officer | 3 | $0 |
| SUSAN HARTMAN | SECRETARY Trustee or director, Officer | 2 | $0 |
| GEORGE SEARLE | PRESIDENT Trustee or director, Officer | 4 | $0 |
| MOLLY STOKAS | VICE PRESIDE Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RON BRUCE | TREASURER Trustee or director, Officer | 3 | $0 |
| SUSAN HARTMAN | SECRETARY Trustee or director, Officer | 2 | $0 |
| GEORGE SEARLE | PRESIDENT Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 19101 PENINSULA CLUB DR, CORNELIUS, NC 28031-5123
- In care of
- % PETER GALLOWAY
- Principal officer (990 for 2024)
- GEORGE SEARLE, 19900 SHEARWATER PT DR, CORNELIUS, NC 28031
- Signed the 990
- RON BRUCE, TREASURER
- Phone
- (704) 896-7080
- Return prepared by
- WILLIAM G DAGIT CPA
Mission
ORGANIZATION OPERATES EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, SCIENTIFIC AND RELIGIOUS PURPOSES DONATING FUNDS TO OTHER CHARITABLE ORGANIZATIONS IN THE COMMUNITY.
Program accomplishments
- ORGANIZATION OPERATES EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, SCIENTIFIC AND RELIGIOUS PURPOSES DONATING FUNDS TO OTHER CHARITABLE ORGANIZATIONS IN THE COMMUNITY.Expenses $564,754 · grants $546,720
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 01-0554374
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $281,705
- Income (IRS master file)
- $641,959
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $546,106 | $564,754 | $281,705 | XML |
| 990 | December 2023 | $359,397 | $320,931 | $294,829 | XML |
| 990 | December 2022 | $297,582 | $240,744 | $256,180 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 01-0554374).
Questions about PENINSULA COMMUNITY FOUNDATION
- What is the EIN of PENINSULA COMMUNITY FOUNDATION?
- The employer identification number (EIN) of PENINSULA COMMUNITY FOUNDATION is 01-0554374.
- Is PENINSULA COMMUNITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to PENINSULA COMMUNITY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PENINSULA COMMUNITY FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PENINSULA COMMUNITY FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PENINSULA COMMUNITY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PENINSULA COMMUNITY FOUNDATION?
- The 990 for the year ended December 31, 2024 names GEORGE SEARLE.
- Who are the officers and directors of PENINSULA COMMUNITY FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does PENINSULA COMMUNITY FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $546,106, expenses of $564,754 and total assets of $281,705 at year end.
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All nonprofits in CORNELIUS · North Carolina · Philanthropy, voluntarism and grantmaking foundations