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Nonprofit · EIN 20-4262143

CAROL WOODS CHARITABLE FUND INC

Tax-exempt · CHAPEL HILL, NC 27514

Financials

$397K$143K2023$390K$262K2024
Revenue Expenses · by fiscal year end
Financials of CAROL WOODS CHARITABLE FUND INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$389,933$262,435$127,498$2,653,619$0$2,653,619
December 31, 2023990$396,721$143,095$253,626$2,528,821$2,700$2,526,121
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$389,905
Program service revenue
$0
Investment income
$28
Other revenue
$0

Expenses

Grants and similar amounts paid
$255,272
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$100
Program services (functional)
$255,272
Management and general (functional)
$7,163

Balance sheet and other

Total assets, start of year
$2,528,821
Total assets, end of year
$2,653,619
Total liabilities, end of year
$0
Net assets, end of year
$2,653,619
Net assets without donor restrictions
$780,806
Net assets with donor restrictions
$1,872,813
Gross receipts
$389,933
Employees
0
Volunteers
5
Year formed
2006
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
MARIANNE RATCLIFFEPRESIDENT AND CEO
Trustee or director, Officer
1$0$304,649$60,413
KENNETH REEB JRTREASURER - RETIRED
Trustee or director, Officer
1$0$238,642$36,428
MARLENE RIFKINVICE PRESIDENT OF THE BOARD
Trustee or director, Officer
1$0$0$0
CURT MCLAUGHLINRESIDENT/PRESIDENT OF THE BOARD
Trustee or director, Officer
1$0$0$0
MARAGETE SANDELOWSKIRESIDENT/VOTING BOARD MEMBER
Trustee or director
1$0$0$0
SUE COPPOLABOARD MEMBER/SECRETARY
Trustee or director, Officer
0$0$0$0
KENDALL PAGEBOARD MEMBER
Trustee or director
1$0$0$0
TRACY BIESECKERCFO
Officer
1$0$0$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
MARIANNE RATCLIFFEPRESIDENT AND CEO
Trustee or director, Officer
1$0$289,192$19,972
KENNETH REEB JRTREASURER
Trustee or director, Officer
1$0$229,208$17,893
MARLENE RIFKINVICE PRESIDENT OF THE BOARD
Trustee or director, Officer
1$0$0$0
CURT MCLAUGHLINRESIDENT/PRESIDENT OF THE BOARD
Trustee or director, Officer
1$0$0$0
MARIAN STEPHENSONRESIDENT/VOTING BOARD MEMB
Trustee or director
1$0$0$0
CRYSTAL TORAINBOARD MEMBER/SECRETARY
Trustee or director, Officer
1$0$0$0
MARAGETE SANDELOWSKIRESIDENT/VOTING BOARD MEMBER
Trustee or director
1$0$0$0
SUE COPPOLABOARD MEMBER
Trustee or director
0$0$0$0

Address and contacts

Address (IRS master file)
750 WEAVER DAIRY ROAD, CHAPEL HILL, NC 27514-1438
In care of
% KENNETH G REEB JR
Principal officer (990 for 2024)
MARIANNE RATCLIFFE, 750 WEAVER DAIRY ROAD, CHAPEL HILL, NC 27514
Signed the 990
MARIANNE RATCLIFFE, PRESIDENT AND CEO
Phone
(919) 968-4511
Return prepared by
CLIFTONLARSONALLEN LLP

Mission

TO PROVIDE SUPPORT TO THE CHAPEL HILL RESIDENTIAL RETIREMENT CENTER, INC D/B/A THE CAROL WOODS RETIREMENT COMMUNITY, A 501(C)(3) ORGANIZATION.

990 for the year ended December 31, 2024

Program accomplishments

  • AS A SUPPORTING CORPORATION TO THE CAROL WOODS RETIREMENT COMMUNITY, SUPPORT WAS PROVIDED IN VARIOUS WAYS. THE CHARITABLE FUND PROVIDED APPROXIMATELY $82,000 IN SUPPORT TO VARIOUS CAMPUS NEEDS OF CAROL WOODS, INCLUDING MAINTENANCE OF GIFTED GARDENS. IT PROVIDED APPROXIMATELY $48,000 IN SUPPORT OF CAROL WOODS' TUITION ASSISTANCE PROGRAM FOR CAREER GROWTH OF CAROL WOODS' EMPLOYEES AND FOR WORKFORCE DEVELOPMENT. IT PROVIDED APPROXIMATELY $13,000 IN ASSISTANCE TO EMPLOYEES EXPERIENCING FINANCIAL HARDSHIP THROUGH A STAFF HARDSHIP FUND. IT PROVIDED APPROXIMATELY $88,000 IN SUPPORT OF THE CAROL WOODS RESIDENT ASSOCIATION, SUPPORTING THE BUDGETS OF A VARIETY OF RESIDENT COMMITTEES INVOLVED IN ENRICHING THE LIVES OF THE RESIDENTS OF THE CONTINUED ON SCHEDULE OCOMMUNITY. AND FINALLY, IT PROVIDED APPROXIMATELY $25,000 TO SUPPORT THE COST OF CARE FOR RESIDENTS THAT HAVE LIMITED RESOURCES.
    Expenses $255,272 · grants $255,272

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 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, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
20-4262143
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
2007
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,653,619
Income (IRS master file)
$389,933

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$389,933$262,435$2,653,619IRS
990December 2023$396,721$143,095$2,528,821XML
990December 2022$247,300$273,833$2,273,420IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 20-4262143).

Questions about CAROL WOODS CHARITABLE FUND INC

What is the EIN of CAROL WOODS CHARITABLE FUND INC?
The employer identification number (EIN) of CAROL WOODS CHARITABLE FUND INC is 20-4262143.
Is CAROL WOODS CHARITABLE FUND INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
Are donations to CAROL WOODS CHARITABLE FUND INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does CAROL WOODS CHARITABLE FUND 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 CAROL WOODS CHARITABLE FUND 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 CAROL WOODS CHARITABLE FUND INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of CAROL WOODS CHARITABLE FUND INC?
The 990 for the year ended December 31, 2024 names MARIANNE RATCLIFFE.
Who are the officers and directors of CAROL WOODS CHARITABLE FUND INC?
The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
How much revenue does CAROL WOODS CHARITABLE FUND INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $389,933, expenses of $262,435 and total assets of $2,653,619 at year end.

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