Nonprofit · EIN 20-1055492
PENICK VILLAGE FOUNDATION INC
Tax-exempt · SOUTHERN PNES, NC 28387
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $774,444 | $993,713 | -$219,269 | $2,897,094 | $240,896 | $2,656,198 |
| September 30, 2024 | 990 | $409,111 | $909,616 | -$500,505 | $3,193,712 | $357,179 | $2,836,533 |
| September 30, 2023 | 990 | $1,792,416 | $761,434 | $1,030,982 | $3,162,560 | $308,878 | $2,853,682 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $595,020
- Program service revenue
- $0
- Investment income
- $179,424
- Net gain from sales of assets
- $102,166
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $788,903
- Other salaries and wages
- $138,498
- Salaries, compensation and benefits (total)
- $152,874
- Professional fundraising fees
- $0
- Legal fees
- $3,893
- Accounting fees
- $3,941
- Travel
- $1,093
- Program services (functional)
- $788,903
- Management and general (functional)
- $204,810
Balance sheet and other
- Total assets, start of year
- $3,193,712
- Total assets, end of year
- $2,897,094
- Total liabilities, end of year
- $240,896
- Net assets, end of year
- $2,656,198
- Publicly traded securities
- $2,646,368
- Net assets without donor restrictions
- $2,013,591
- Net assets with donor restrictions
- $642,607
- Gross receipts
- $968,329
- Employees
- 0
- Volunteers
- 55
- Year formed
- 2003
- 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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ALVA CROMARTIE | CEO Officer | 1 | $0 | $298,773 | $50,124 |
| CHRISTOPHER MOONEY | CFO Officer | 1 | $0 | $253,389 | $13,026 |
| JIM HEISEY | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JIM DAVIS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| HUGH BINGHAM | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DR NANCY ELLIS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CHAULT BROUGHTON | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| KELLY CHANDLEY | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| BOB DARST | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JOANNE DAVIS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| ANNE HOCUTT | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| KARYN KLINE | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JIM LEWIS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| PATTY POTTLE | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DR JIM TART | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOANNE VALDES | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 17 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ALVA CROMARTIE | CEO Officer | 1 | $0 | $282,900 | $37,613 |
| TERRY KEES | CFO-RETIRED - (2/28/2024) Officer | 1 | $0 | $224,853 | $13,995 |
| CHRISTOPHER MOONEY | CFO (AS OF 3/1/24) Officer | 1 | $0 | $118,614 | $18,885 |
| JIM HEISEY | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JIM DAVIS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BOB DARST | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ADAIR WORONOFF | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| HUGH BINGHAM | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| KELLY CHANDLEY | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JANICE DIXON | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DR NANCY ELLIS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| KARYN KLINE | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| PATTY POTTLE | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DR JIM TART | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| LANE WEST | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MICAH NIEBAUER | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JOANNE DAVIS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended September 30, 2023: 17 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ALVA CROMARTIE | CEO Officer | 1 | $0 | $231,660 | $39,215 |
| TERRY KEES | CFO Officer | 1 | $0 | $205,137 | $16,858 |
| CAROLINE EDDY | CDO Officer | 1 | $0 | $125,042 | $13,756 |
| JANICE DIXON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JIM DAVIS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| PATTY POTTLE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| HUGH BINGHAM | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SUSANNA LOH | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KELLY CHANDLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BOB DARST | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JIM HEISEY | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BARBARA HOLDERBY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ADAIR WORONOFF | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LANE WEST | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MICAH NIEBAUER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| LYNNE HEALY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOHN FRIZZELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 500 E RHODE ISLAND AVE, SOUTHERN PNES, NC 28387-4010
- Principal officer (990 for 2024)
- ALVA S CROMARTIE III, 500 EAST RHODE ISLAND AVENUE, SOUTHERN PINES, NC 28387
- Signed the 990
- ALVA S CROMARTIE III, CEO
- Phone
- (910) 692-0300
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
PENICK VILLAGE FOUNDATION CONTINUES ITS MISSION TO RAISE AND DISTRIBUTE FUNDS TO PENICK VILLAGE, INC.
Program accomplishments
- RAISE AND DISTRIBUTE FUNDS TO SUPPORT THE CHARITY WORK, MISSION AND VISION OF PENICK VILLAGE, INC.Expenses $788,903 · grants $788,903
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 20-1055492
- 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
- 2004
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L12)
- Assets (IRS master file)
- $2,897,094
- Income (IRS master file)
- $968,329
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $774,444 | $993,713 | $2,897,094 | XML |
| 990 | September 2024 | $409,111 | $909,616 | $3,193,712 | XML |
| 990 | September 2023 | $1,792,416 | $761,434 | $3,162,560 | XML |
| 990 | September 2022 | $733,887 | $713,449 | $1,996,780 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 20-1055492).
Questions about PENICK VILLAGE FOUNDATION INC
- What is the EIN of PENICK VILLAGE FOUNDATION INC?
- The employer identification number (EIN) of PENICK VILLAGE FOUNDATION INC is 20-1055492.
- Is PENICK VILLAGE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to PENICK VILLAGE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PENICK VILLAGE FOUNDATION INC 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 PENICK VILLAGE FOUNDATION INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PENICK VILLAGE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of PENICK VILLAGE FOUNDATION INC?
- The 990 for the year ended September 30, 2025 names ALVA S CROMARTIE III.
- Who are the officers and directors of PENICK VILLAGE FOUNDATION INC?
- The 990 for the year ended September 30, 2025 lists 16 people; 0 received compensation from the organization.
- How much revenue does PENICK VILLAGE FOUNDATION INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $774,444, expenses of $993,713 and total assets of $2,897,094 at year end.
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All nonprofits in SOUTHERN PNES · North Carolina · Housing and shelter