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Nonprofit · EIN 20-3195749

GIFTS AND GRACE INC

Tax-exempt · TRUSSVILLE, AL 35173

Financials

$69K$84K2023$109K$103K2024$221K$113K2025
Revenue Expenses · by fiscal year end
Financials of GIFTS AND GRACE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$220,620$113,188$107,432$1,763,980$0$1,763,980
December 31, 2024990-PF$108,675$103,067$5,608$1,657,306$0$1,657,306
December 31, 2023990-PF$68,783$84,092-$15,309$1,652,211$0$1,652,211
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Dividends
$51,413
Interest
$900
Net gain from sales of assets
$168,307

Expenses

Grants and similar amounts paid
$91,500
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$96,225
Excise tax on investment income
$2,866

Balance sheet and other

Total assets, start of year
$1,657,306
Total assets, end of year
$1,763,980
Total liabilities, end of year
$0
Net assets, end of year
$1,763,980
Fair market value of assets
$1,930,366
Qualifying distributions
$96,225
Net investment income
$220,620

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.

NameTitleHours / weekCompensation
CHARLES K MCPHERSON SR
5051 CARDINAL STREET, BIRMINGHAM, AL 35173
PRESIDENT/SEC./TREAS.0.5$0
CHARLES K MCPHERSON JR
5051 CARDINAL STREET, BIRMINGHAM, AL 35173
VICE PRESIDENT (TIL 10/14/25)0.5$0
DEBBIE CLOWDUS
5051 CARDINAL STREET, BIRMINGHAM, AL 35173
DIRECTOR (TIL 10/14/25)0.5$0
JOHN T MCPHERSON
5051 CARDINAL STREET, BIRMINGHAM, AL 35173
VICE PRESIDENT (TIL 10/14/25)0.5$0
990-PF for the year ended December 31, 2024: 4 people
NameTitleHours / weekCompensation
CHARLES K MCPHERSON JR
5051 CARDINAL STREET, BIRMINGHAM, AL 35173
VICE PRESIDENT0.5$0
CHARLES K MCPHERSON SR
5051 CARDINAL STREET, BIRMINGHAM, AL 35173
PRESIDENT/SEC./TREAS.0.5$0
DEBBIE CLOWDUS
5051 CARDINAL STREET, BIRMINGHAM, AL 35173
DIRECTOR0.5$0
JOHN T MCPHERSON
5051 CARDINAL STREET, BIRMINGHAM, AL 35173
VICE PRESIDENT0.5$0
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
CHARLES K MCPHERSON JR
5051 CARDINAL STREET, BIRMINGHAM, AL 35173
VICE PRESIDENT0$0
CHARLES K MCPHERSON SR
5051 CARDINAL STREET, BIRMINGHAM, AL 35173
PRESIDENT/SEC./TREAS.0$0
DEBBIE CLOWDUS
5051 CARDINAL STREET, BIRMINGHAM, AL 35173
DIRECTOR0$0
JOHN T MCPHERSON
5051 CARDINAL STREET, BIRMINGHAM, AL 35173
VICE PRESIDENT0$0

Address and contacts

Address (IRS master file)
5051 CARDINAL ST, TRUSSVILLE, AL 35173-1871
Signed the 990-PF
CHARLES MCPHERSON SR, MANAGING MEMBER
Phone
(205) 661-4400
Return prepared by
RSM US 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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
20-3195749
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
2007
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$1,763,980
Income (IRS master file)
$828,101

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$220,620$113,188$1,763,980IRS
990-PFDecember 2024$108,675$103,067$1,657,306IRS
990-PFDecember 2023$68,783$84,092$1,652,211XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2019–––IRS
990-PFDecember 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 20-3195749).

Questions about GIFTS AND GRACE INC

What is the EIN of GIFTS AND GRACE INC?
The employer identification number (EIN) of GIFTS AND GRACE INC is 20-3195749.
Is GIFTS AND GRACE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
Are donations to GIFTS AND GRACE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does GIFTS AND GRACE INC file?
Form 990-PF. Private foundations file every year.
When is the next return of GIFTS AND GRACE INC 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 GIFTS AND GRACE INC 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 GIFTS AND GRACE INC?
The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
How much revenue does GIFTS AND GRACE INC have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $220,620, expenses of $113,188 and total assets of $1,763,980 at year end.

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