Nonprofit · EIN 20-3971600
CANAL CHARITABLE FOUNDATION
Tax-exempt · GREENVILLE, SC 29602
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $4,097,034 | $4,093,769 | $3,265 | $248,842 | $0 | $248,842 |
| December 31, 2023 | 990-PF | $6,394 | $91,394 | -$85,000 | $215,827 | $0 | $215,827 |
| December 31, 2022 | 990-PF | $41,536 | $121,413 | -$79,877 | $314,723 | $0 | $314,723 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $54,321
- Dividends
- $4,860
- Interest
- $61,077
- Net gain from sales of assets
- $3,976,776
Expenses
- Grants and similar amounts paid
- $4,087,500
- Disbursements for charitable purposes
- $4,090,019
- Excise tax on investment income
- $56,152
Balance sheet and other
- Total assets, start of year
- $215,827
- Total assets, end of year
- $248,842
- Total liabilities, end of year
- $0
- Net assets, end of year
- $248,842
- Fair market value of assets
- $248,842
- Qualifying distributions
- $4,090,019
- Net investment income
- $4,042,713
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 |
|---|---|---|---|
| Paul Brocklebank 400 East Stone Ave, Greenville, SC 29601 | Director | 1 | $0 |
| Christopher B Greene 400 East Stone Ave, Greenville, SC 29601 | Director/Secretary and Treasurer | 1 | $0 |
| William R Timmons III 400 East Stone Ave, Greenville, SC 29601 | Director/President | 1 | $0 |
| Laura Beth Medley 400 East Stone Ave, Greenville, SC 29601 | Director | 1 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Paul Brocklebank 400 East Stone Ave, Greenville, SC 29601 | Director | 1 | $0 |
| Christopher B Greene 400 East Stone Ave, Greenville, SC 29601 | Director/Secretary and Treasurer | 1 | $0 |
| William R Timmons III 400 East Stone Ave, Greenville, SC 29601 | Director/President | 1 | $0 |
| Laura Beth Medley 400 East Stone Ave, Greenville, SC 29601 | Director | 1 | $0 |
990-PF for the year ended December 31, 2022: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL BROCKLEBANK 400 EAST STONE AVE, GREENVILLE, SC 29601 | DIRECTOR | 1 | $0 |
| CHRISTOPHER B GREENE 400 EAST STONE AVE, GREENVILLE, SC 29601 | DIRECTOR/SECRETARY AND TRE | 1 | $0 |
| WILLIAM R TIMMONS III 400 EAST STONE AVE, GREENVILLE, SC 29601 | DIRECTOR/PRESIDENT | 1 | $0 |
| LAURA BETH MEDLEY 400 EAST STONE AVE, GREENVILLE, SC 29601 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 7, GREENVILLE, SC 29602-0007
- In care of
- % CANAL INSURANCE COMPANY
- Signed the 990-PF
- William R Timmons III, President
- Phone
- (864) 250-9291
- 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 | 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
- 20-3971600
- 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
- 2006
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $248,842
- Income (IRS master file)
- $12,427,443
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $4,097,034 | $4,093,769 | $248,842 | IRS |
| 990-PF | December 2023 | $6,394 | $91,394 | $215,827 | XML |
| 990-PF | December 2022 | $41,536 | $121,413 | $314,723 | XML |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 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 20-3971600).
Questions about CANAL CHARITABLE FOUNDATION
- What is the EIN of CANAL CHARITABLE FOUNDATION?
- The employer identification number (EIN) of CANAL CHARITABLE FOUNDATION is 20-3971600.
- Is CANAL CHARITABLE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to CANAL CHARITABLE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CANAL CHARITABLE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CANAL CHARITABLE FOUNDATION 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 CANAL CHARITABLE FOUNDATION 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 CANAL CHARITABLE FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does CANAL CHARITABLE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $4,097,034, expenses of $4,093,769 and total assets of $248,842 at year end.
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