Nonprofit · EIN 13-6206619
MIDGARD FOUNDATION
Tax-exempt · ASHEVILLE, NC 28802
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $114,410 | $286,651 | -$172,241 | $2,192,149 | $0 | $2,192,149 |
| December 31, 2024 | 990-PF | $649,882 | $288,640 | $361,242 | $2,364,390 | $0 | $2,364,390 |
| December 31, 2023 | 990-PF | $147,487 | $189,098 | -$41,611 | $1,783,251 | $0 | $1,783,251 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $88,849
- Net gain from sales of assets
- $25,561
Expenses
- Grants and similar amounts paid
- $274,000
- Disbursements for charitable purposes
- $276,782
- Excise tax on investment income
- $1,583
Balance sheet and other
- Total assets, start of year
- $2,364,390
- Total assets, end of year
- $2,192,149
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,192,149
- Fair market value of assets
- $5,571,574
- Qualifying distributions
- $276,782
- Net investment income
- $114,410
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PHILLIP C BROUGHTON JR PO BOX 7286, ASHEVILLE, NC 28802 | PRESIDENT | 5 | $0 |
| DAVID L SMITH PO BOX 7286, ASHEVILLE, NC 28802 | TREASURER | 5 | $0 |
| MARGARET CROCKETT PO BOX 7286, ASHEVILLE, NC 28802 | SECRETARY | 5 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Phillip C Broughton Jr PO Box 7286, Asheville, NC 28802 | President | 5 | $0 |
| David L Smith PO Box 7286, Asheville, NC 28802 | Treasurer | 5 | $0 |
| Margaret Crockett PO Box 7286, Asheville, NC 28802 | Secretary | 5 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Phillip C Broughton Jr PO Box 7286, Asheville, NC 28802 | President | 5 | $0 |
| David L Smith PO Box 7286, Asheville, NC 28802 | Treasurer | 5 | $0 |
| Margaret Crockett PO Box 7286, Asheville, NC 28802 | Secretary | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 7286, ASHEVILLE, NC 28802-7286
- Signed the 990-PF
- DAVID SMITH, DIRECTOR
- Phone
- (828) 230-9102
- Return prepared by
- FORVIS MAZARS LLP
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 13-6206619
- 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
- 1966
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $2,192,149
- Income (IRS master file)
- $114,410
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $114,410 | $286,651 | $2,192,149 | XML |
| 990-PF | December 2024 | $649,882 | $288,640 | $2,364,390 | XML |
| 990-PF | December 2023 | $147,487 | $189,098 | $1,783,251 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 13-6206619).
Questions about MIDGARD FOUNDATION
- What is the EIN of MIDGARD FOUNDATION?
- The employer identification number (EIN) of MIDGARD FOUNDATION is 13-6206619.
- Is MIDGARD FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1966.
- Are donations to MIDGARD FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MIDGARD FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MIDGARD FOUNDATION 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 MIDGARD FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of MIDGARD FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does MIDGARD FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $114,410, expenses of $286,651 and total assets of $2,192,149 at year end.
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