Nonprofit · EIN 20-0597131
FRANK P PIERCE FOUNDATION INC
Tax-exempt · CHATTANOOGA, TN 37402
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $2,197,359 | $1,420,128 | $777,231 | $20,957,304 | $0 | $20,957,304 |
| December 31, 2023 | 990-PF | $1,411,371 | $1,366,549 | $44,822 | $20,198,613 | $0 | $20,198,613 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $367,755
- Interest
- $46,535
- Net gain from sales of assets
- $1,783,069
Expenses
- Grants and similar amounts paid
- $1,037,433
- Compensation of officers, directors and key employees
- $35,400
- Disbursements for charitable purposes
- $1,037,433
- Excise tax on investment income
- $25,224
Balance sheet and other
- Total assets, start of year
- $20,198,613
- Total assets, end of year
- $20,957,304
- Total liabilities, end of year
- $0
- Net assets, end of year
- $20,957,304
- Fair market value of assets
- $24,267,488
- Qualifying distributions
- $1,037,433
- Net investment income
- $2,197,359
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS S TARVIN PO BOX 750, CHICKAMAUGA, GA 30707 | PRESIDENT & DIRECTOR | 12 | $35,400 |
| R WAYNE PETERS 320 MCCALLIE AVENUE, CHATTANOOGA, TN 37402 | SECRETARY & TREASURER | 2 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS S TARVIN PO BOX 750, CHICKAMAUGA, GA 30707 | PRESIDENT & DIRECTOR | 12 | $35,400 |
| R WAYNE PETERS 320 MCCALLIE AVENUE, CHATTANOOGA, TN 37402 | SECRETARY & TREASURER | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 320 MCCALLIE AVE, CHATTANOOGA, TN 37402-2007
- In care of
- % R WAYNE PETERS
- Signed the 990-PF
- R WAYNE PETERS, TREASURER
- Phone
- (423) 756-5171
- Return prepared by
- HENDERSON HUTCHERSON & MCCULLOUGH PLLC
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 | Not 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
- 20-0597131
- 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
- 2004
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $20,957,304
- Income (IRS master file)
- $8,156,905
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $2,197,359 | $1,420,128 | $20,957,304 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $1,411,371 | $1,366,549 | $20,198,613 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 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 20-0597131).
Questions about FRANK P PIERCE FOUNDATION INC
- What is the EIN of FRANK P PIERCE FOUNDATION INC?
- The employer identification number (EIN) of FRANK P PIERCE FOUNDATION INC is 20-0597131.
- Is FRANK P PIERCE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to FRANK P PIERCE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does FRANK P PIERCE FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of FRANK P PIERCE 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 FRANK P PIERCE 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 FRANK P PIERCE FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 1 received compensation from the organization, the highest $35,400 (THOMAS S TARVIN, PRESIDENT & DIRECTOR).
- How much revenue does FRANK P PIERCE FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $2,197,359, expenses of $1,420,128 and total assets of $20,957,304 at year end.
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