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Nonprofit · EIN 06-1379812

THE FAILE FOUNDATION INC

Tax-exempt · GREENSBORO, NC 27402

Financials

−$213K$242K2023$115K$277K2024
Revenue Expenses · by fiscal year end
Financials of THE FAILE FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$115,290$277,113-$161,823$2,193,127$0$2,193,127
December 31, 2023990-PF-$213,146$241,503-$454,649$2,354,950$0$2,354,950
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$29,521
Net gain from sales of assets
$85,769

Expenses

Grants and similar amounts paid
$149,500
Compensation of officers, directors and key employees
$84,000
Disbursements for charitable purposes
$248,585
Excise tax on investment income
$1,266

Balance sheet and other

Total assets, start of year
$2,354,950
Total assets, end of year
$2,193,127
Total liabilities, end of year
$0
Net assets, end of year
$2,193,127
Fair market value of assets
$2,279,911
Qualifying distributions
$248,585
Net investment income
$115,290

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-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
ELIZABETH COX
125 S ELM ST STE 100, GREENSBORO, NC 27401
EXECUTIVE DIRECTOR40$84,000
TONI FAILE LYERLY
125 S ELM ST STE 100, GREENSBORO, NC 27401
PRESIDENT1.5$0
JENNIFER J FAILE
125 S ELM ST STE 100, GREENSBORO, NC 27401
VICE PRESIDENT1.5$0
ALICIA M ZUPIC
125 S ELM ST STE 100, GREENSBORO, NC 27401
SECRETARY1.5$0
LAWRENCE LYERLY
125 S ELM ST STE 100, GREENSBORO, NC 27401
TREASURER1.5$0
990-PF for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
ELIZABETH COX
125 S ELM ST STE 100, GREENSBORO, NC 27401
EXECUTIVE DIRECTOR40$75,667
TONI FAILE LYERLY
125 S ELM ST STE 100, GREENSBORO, NC 27401
PRESIDENT1.5$0
JENNIFER J FAILE
125 S ELM ST STE 100, GREENSBORO, NC 27401
VICE PRESIDENT1.5$0
ALICIA M ZUPIC
125 S ELM ST STE 100, GREENSBORO, NC 27401
SECRETARY1.5$0
LAWRENCE LYERLY
125 S ELM ST STE 100, GREENSBORO, NC 27401
TREASURER1.5$0

Address and contacts

Address (IRS master file)
PO BOX 1380, GREENSBORO, NC 27402-1380
In care of
% MICHAEL SPOHN
Signed the 990-PF
LAWRENCE LYERLY, TREASURER
Phone
(336) 209-3411
Return prepared by
CHERRY BEKAERT ADVISORY LLC

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. 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, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
06-1379812
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1994
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$2,193,127
Income (IRS master file)
$424,359

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$115,290$277,113$2,193,127IRS
990-PFDecember 2023-$213,146$241,503$2,354,950XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2018–––IRS
990-PFDecember 2017–––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 06-1379812).

Questions about THE FAILE FOUNDATION INC

What is the EIN of THE FAILE FOUNDATION INC?
The employer identification number (EIN) of THE FAILE FOUNDATION INC is 06-1379812.
Is THE FAILE FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
Are donations to THE FAILE FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does THE FAILE FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of THE FAILE FOUNDATION INC 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 THE FAILE FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of THE FAILE FOUNDATION INC?
The 990-PF for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $84,000 (ELIZABETH COX, EXECUTIVE DIRECTOR).
How much revenue does THE FAILE FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $115,290, expenses of $277,113 and total assets of $2,193,127 at year end.

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