Nonprofit · EIN 20-5173857
RUG & HOME FOUNDATION INC
Tax-exempt · ASHEVILLE, NC 28806
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $35,000 | $57,300 | -$22,300 | $2,371 | $0 | $2,371 |
| December 31, 2024 | 990-PF | $35,000 | $11,661 | $23,339 | $24,671 | $0 | $24,671 |
| December 31, 2023 | 990-PF | $8 | $15,811 | -$15,803 | $1,332 | $0 | $1,332 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $35,000
Expenses
- Grants and similar amounts paid
- $53,000
- Disbursements for charitable purposes
- $57,300
Balance sheet and other
- Total assets, start of year
- $24,671
- Total assets, end of year
- $2,371
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,371
- Fair market value of assets
- $2,371
- Qualifying distributions
- $57,300
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RAKESH AGARWAL 5 ROCKY RIDGE RD STE 20, ASHEVILLE, NC 28806 | PRESIDENT | 0.2 | $0 |
| VINITA AGARWAL 5 ROCKY RIDGE RD SUITE 20, ASHEVILLE, NC 28806 | SECRETARY | 0.2 | $0 |
| AANCHAL GUPTA 5 ROCKY RIDGE RD SUITE 20, ASHEVILLE, NC 28806 | TREASURER | 0.2 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RAKESH AGARWAL 5 ROCKY RIDGE RD STE 20, ASHEVILE, NC 28806 | PRESIDENT | 0.2 | $0 |
| VINITA AGARWAL 5 ROCKY RIDGE RD STE 20, ASHEVILLE, NC 28806 | SECRETARY | 0.2 | $0 |
| AANCHAL GUPTA 5 ROCKY RIDGE RD STE 20, ASHEVILLE, NC 28806 | TREASURER | 0.2 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Rakesh Agarwal 799 Brevard Road Suite B, Asheville, NC 288065007 | President | 0.25 | $0 |
| Vinita Agarwal 799 Brevard Road Suite B, Asheville, NC 288065007 | Vice President/Secretary | 0.25 | $0 |
| Aanchal A Gupta 799 Brevard Road Suite B, Asheville, NC 288065007 | Treasurer | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 5 ROCKY RIDGE RD, ASHEVILLE, NC 28806-2263
- In care of
- % RAKESH AGARWAL
- Signed the 990-PF
- RAKESH AGARWAL, PRESIDENT
- Phone
- (828) 667-4585
- Return prepared by
- FOOTHILLS CPAS LLC
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 | 990-PF 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
- 20-5173857
- 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
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $2,371
- Income (IRS master file)
- $35,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $35,000 | $57,300 | $2,371 | IRS |
| 990-PF | December 2024 | $35,000 | $11,661 | $24,671 | XML |
| 990-PF | December 2023 | $8 | $15,811 | $1,332 | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 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 20-5173857).
Questions about RUG & HOME FOUNDATION INC
- What is the EIN of RUG & HOME FOUNDATION INC?
- The employer identification number (EIN) of RUG & HOME FOUNDATION INC is 20-5173857.
- Is RUG & HOME FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to RUG & HOME FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does RUG & HOME FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of RUG & HOME FOUNDATION 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 RUG & HOME FOUNDATION 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 RUG & HOME FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does RUG & HOME FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $35,000, expenses of $57,300 and total assets of $2,371 at year end.
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