Nonprofit · EIN 20-5315163
CHARA INC
Tax-exempt · CONCORD, NC 28026
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $443,776 | $424,384 | $19,392 | $287,579 | $0 | $287,579 |
| December 31, 2024 | 990 | $429,116 | $393,725 | $35,391 | $331,717 | $0 | $331,717 |
| December 31, 2023 | 990 | $339,495 | $280,936 | $58,559 | $271,942 | $0 | $271,942 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $443,776
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $22,600
- Travel
- $32,408
- Depreciation
- $14,241
- Program services (functional)
- $424,384
Balance sheet and other
- Total assets, start of year
- $331,717
- Total assets, end of year
- $287,579
- Total liabilities, end of year
- $0
- Net assets, end of year
- $287,579
- Land, buildings and equipment
- $43,419
- Net assets without donor restrictions
- $287,579
- Gross receipts
- $443,776
- Employees
- 0
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERI FURR | DIRECTOR Trustee or director | 1 | $0 |
| TAMBRA COCHRAN | DIRECTOR Trustee or director | 1 | $0 |
| JOSEPH HATCHER | CHAIRMAN OF THE BOARD Trustee or director | 1 | $0 |
| MICHAEL CORLEY | DIRECTOR Trustee or director | 1 | $0 |
| JERI CORLEY | DIRECTOR Trustee or director | 1 | $0 |
| RON MCDONALD | MANAGER Trustee or director | 10 | $0 |
| JUSTIN THIBAULT | DIRECTER Trustee or director | 1 | $0 |
| ROBIN THIBAULT | DIRECTOR Trustee or director | 1 | $0 |
| SHERRY ERNEST | DIRECTOR Trustee or director | 1 | $0 |
| JUSTIN ERNEST | BOARD MEMBER Trustee or director | 1 | $0 |
| KATIE DAVENPORT | BOARD MEMBER Trustee or director | 1 | $0 |
| CAROL MCDONALD | PRESIDENT Officer | 30 | $0 |
| JODIE HATCHER | SECRETARY Officer | 1 | $0 |
| DOUGLAS MCDONALD | FINANCIAL ADVISOR Officer | 1 | $0 |
990 for the year ended December 31, 2024: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERI FURR | DIRECTOR Trustee or director | 1 | $0 |
| TAMBRA COCHRAN | DIRECTOR Trustee or director | 1 | $0 |
| JOSEPH HATCHER | CHAIRMAN OF THE BOARD Trustee or director | 1 | $0 |
| MICHAEL CORLEY | DIRECTOR Trustee or director | 1 | $0 |
| JERI CORLEY | DIRECTOR Trustee or director | 1 | $0 |
| RON MCDONALD | MANAGER Trustee or director | 10 | $0 |
| JUSTIN THIBAULT | DIRECTER Trustee or director | 1 | $0 |
| ROBIN THIBAULT | DIRECTOR Trustee or director | 1 | $0 |
| SHERRY ERNEST | DIRECTOR Trustee or director | 1 | $0 |
| JUSTIN ERNEST | BOARD MEMBER Trustee or director | 1 | $0 |
| KATIE DAVENPORT | BOARD MEMBER Trustee or director | 1 | $0 |
| CAROL MCDONALD | PRESIDENT Officer | 30 | $0 |
| JODIE HATCHER | SECRETARY Officer | 1 | $0 |
| DOUGLAS MCDONALD | FINANCIAL ADVISOR Officer | 1 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RON MCDONALD | MANAGER Trustee or director | 10 | $0 |
| JERI CORLEY | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL CORLEY | DIRECTOR Trustee or director | 1 | $0 |
| SHERRY ERNEST | DIRECTOR Trustee or director | 1 | $0 |
| ROBIN THIBAULT | DIRECTOR Trustee or director | 1 | $0 |
| JUSTIN THIBAULT | DIRECTER Trustee or director | 1 | $0 |
| TAMBRA COCHRAN | DIRECTOR Trustee or director | 1 | $0 |
| TERI FURR | DIRECTOR Trustee or director | 1 | $0 |
| JOSEPH HATCHER | CHAIRMAN OF THE BOARD Trustee or director | 1 | $0 |
| CAROL MCDONALD | PRESIDENT Officer | 30 | $0 |
| JODIE HATCHER | SECRETARY Officer | 1 | $0 |
| DOUGLAS MCDONALD | FINANCIAL ADVISOR Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 652, CONCORD, NC 28026-0652
- In care of
- % CAROL MCDONALD
- Principal officer (990 for 2025)
- CAROL MCDONALD, P O BOX 652, CONCORD, NC 28026
- Signed the 990
- CAROL MCDONALD, DIRECTOR
- Phone
- (704) 785-1557
- Return prepared by
- HURT & ASSOCIATES INC
Mission
CHARITABLE OUTREACH PROJECTS
Program accomplishments
- CHARITABLE OUTREACH AND COMMUNITY PROJECTS WITH VOLUNTEERS AND FINANCES PRIMARILY REACHING THIRD WORLD AND UNDER DEVELOPED COUNTRIES.Expenses $424,384
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-5315163
- 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
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $287,579
- Income (IRS master file)
- $443,776
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $443,776 | $424,384 | $287,579 | XML |
| 990 | December 2024 | $429,116 | $393,725 | $331,717 | XML |
| 990 | December 2023 | $339,495 | $280,936 | $271,942 | XML |
| 990 | December 2022 | $406,111 | $315,801 | $260,307 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | 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 20-5315163).
Questions about CHARA INC
- What is the EIN of CHARA INC?
- The employer identification number (EIN) of CHARA INC is 20-5315163.
- Is CHARA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to CHARA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHARA 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 CHARA 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 CHARA INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CHARA INC?
- The 990 for the year ended December 31, 2025 names CAROL MCDONALD.
- Who are the officers and directors of CHARA INC?
- The 990 for the year ended December 31, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does CHARA INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $443,776, expenses of $424,384 and total assets of $287,579 at year end.
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All nonprofits in CONCORD · North Carolina · Philanthropy, voluntarism and grantmaking foundations