Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 02-0755332

FACTORS OF THE SEVEN

Tax-exempt (reinstated) · CHARLOTTE, NC 28206

Financials

$15K$10K2023$4K$10K2024$15K2025
Revenue Expenses · by fiscal year end
Financials of FACTORS OF THE SEVEN by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-EZ$15,000––$30,000$0$30,000
December 31, 2024990$3,501$9,850-$6,349$338,592$6,349$332,243
December 31, 2023990$15,003$9,523$5,480$329,991$0$329,991
Financial details: 990-EZ for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$15,000

Expenses

Compensation of officers, directors and key employees
$0
Program services (functional)
$11,994

Balance sheet and other

Total assets, start of year
$15,000
Total assets, end of year
$30,000
Total liabilities, end of year
$0
Net assets, end of year
$30,000
Cash, savings and investments
$3,006
Land and buildings
$26,994
Gross receipts
$15,000

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-EZ for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
WADE H FERGUSON IIIPRESIDENT0$0
PERVIS GRAHAMBOARD MEMBER0$0
HERBERT POWERSBOARD MEMBER0$0
LARRY WHITEBOARD MEMBER0$0
NATHAN RORIEBOARD MEMBER0$0
YOLANDA FERGUSONVICE PRESIDENT0$0
990 for the year ended December 31, 2024: 6 people
NameTitleHours / weekCompensation
WADE H FERGUSON IIIPRESIDENT
Officer
0$0
PERVIS GRAHAMBOARD MEMBER
Officer
0$0
HERBERT POWERSBOARD MEMBER
Officer
0$0
LARRY WHITEBOARD MEMBER
Officer
0$0
NATHAN RORIEBOARD MEMBER
Officer
0$0
YOLANDA FERGUSONVICE PRESIDENT
Officer
0$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
LARRY WHITEBOARD MEMBER
Officer
0$0
NATHAN RORIEBOARD MEMBER
Officer
0$0
YOLANDA FERGUSONVICE PRESIDENT
Officer
0$0
WADE H FERGUSON IIIPRESIDENT
Officer
0$0
PERVIS GRAHAMBOARD MEMBER
Officer
0$0
HERBERT POWERSBOARD MEMBER
Officer
0$0

Address and contacts

Address (IRS master file)
615 E 15TH ST, CHARLOTTE, NC 28206-3322
In care of
% WADE FERGUSON
Mailing address (990-N for 2009)
615 East 15th Street, Charlotte NC 28206
Principal officer (990-N for 2009)
Wade H Ferguson III, 615 East 15th Street, Charlotte NC 28206
Signed the 990-EZ
WADE FERGUSON, OWNER
Phone
(704) 907-7602
Return prepared by
Rapid Tax

Mission

RELIGIOUS OUTREACH

990-EZ for the year ended December 31, 2025

Program accomplishments

  • TASTE OF WELLNESS
    Expenses $10,000
  • GENERAL OUTREACH
    Expenses $1,994

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-EZ on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

File the 2026 990-N for FACTORS OF THE SEVEN

Due May 17, 2027 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
02-0755332
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
2023
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$30,000
Income (IRS master file)
$15,000

Revocation and reinstatement

Exemption revoked
January 15, 2022
Posted by the IRS
April 11, 2022
Reinstated
Effective January 15, 2022

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2025$15,000–$30,000XML
990December 2024$3,501$9,850$338,592XML
990December 2023$15,003$9,523$329,991XML
990December 2022$357,857$33,346$340,332IRS
990-N for 2009
Officer: Wade H Ferguson III
August 31, 2010≤ $50,000 receipts––e-Postcard

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 02-0755332).

Questions about FACTORS OF THE SEVEN

What is the EIN of FACTORS OF THE SEVEN?
The employer identification number (EIN) of FACTORS OF THE SEVEN is 02-0755332.
Is FACTORS OF THE SEVEN tax-exempt?
Yes. The IRS revoked its exemption on January 15, 2022 and reinstated it effective January 15, 2022.
Are donations to FACTORS OF THE SEVEN tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FACTORS OF THE SEVEN file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of FACTORS OF THE SEVEN due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FACTORS OF THE SEVEN last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
Who is the principal officer of FACTORS OF THE SEVEN?
The 990-N for 2009 names Wade H Ferguson III.
Who are the officers and directors of FACTORS OF THE SEVEN?
The 990-EZ for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
How much revenue does FACTORS OF THE SEVEN have?
On its 990-EZ for the year ended December 31, 2025 it reported revenue of $15,000 and total assets of $30,000 at year end.

Other nonprofits in CHARLOTTE

All nonprofits in CHARLOTTE · North Carolina · Community improvement and capacity building