Nonprofit · EIN 20-5860939
THE AL STROOBANTS FOUNDATION
Tax-exempt (reinstated) · LYNCHBURG, VA 24501
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $17,241,316 | $2,131,083 | $15,110,233 | $41,591,242 | $0 | $41,591,242 |
| December 31, 2023 | 990-PF | $1,154,484 | $2,009,544 | -$855,060 | $29,774,888 | $826 | $29,774,062 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $14,754,366
- Dividends
- $1,192,518
- Net gain from sales of assets
- $1,284,111
- Other income
- $10,321
Expenses
- Grants and similar amounts paid
- $1,776,067
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $39,048
- Disbursements for charitable purposes
- $1,845,357
- Excise tax on investment income
- $30,706
Balance sheet and other
- Total assets, start of year
- $29,774,888
- Total assets, end of year
- $41,591,242
- Total liabilities, end of year
- $0
- Net assets, end of year
- $41,591,242
- Fair market value of assets
- $53,111,095
- Qualifying distributions
- $1,845,357
- Net investment income
- $2,458,294
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 |
|---|---|---|---|
| RODGER FAUBER 1423 TRENTS FERRY ROAD, LYNCHBURG, VA 24503 | PRESIDENT/DIRECTOR | 2 | $0 |
| C MICHAEL VALENTINE 1487 LANGHORNE ROAD, LYNCHBURG, VA 24503 | VICE PRESIDENT/DIRECTOR | 1 | $0 |
| MICHAEL SPENCER 108 BROOK RIDGE PLACE, FOREST, VA 24551 | SEC/TREASURER/DIRECTOR | 1 | $0 |
| CARL MILKO 6155 COPPER CIRCLE, ROANOKE, VA 24019 | DIRECTOR | 1 | $0 |
| DARRYL WHITESELL POST OFFICE BOX 34, GLADYS, VA 24554 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RODGER FAUBER 1423 TRENTS FERRY ROAD, LYNCHBURG, VA 24503 | PRESIDENT/DIRECTOR | 2 | $0 |
| C MICHAEL VALENTINE 1487 LANGHORNE ROAD, LYNCHBURG, VA 24503 | VICE PRESIDENT/DIRECTOR | 1 | $0 |
| CARL MILKO 6155 COPPER CIRCLE, ROANOKE, VA 24019 | DIRECTOR | 1 | $0 |
| MICHAEL SPENCER 108 BROOK RIDGE PLACE, FOREST, VA 24551 | SEC/TREASURER/DIRECTOR | 1 | $0 |
| DARRYL WHITESELL POST OFFICE BOX 34, GLADYS, VA 24554 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3831 OLD FOREST RD STE 6, LYNCHBURG, VA 24501-6947
- Signed the 990-PF
- RODGER FAUBER, PRESIDENT
- Phone
- (434) 525-3219
- Return prepared by
- CHERRY BEKAERT ADVISORY 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 | 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
- 20-5860939
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $41,591,242
- Income (IRS master file)
- $22,602,985
Revocation and reinstatement
- Exemption revoked
- May 15, 2019
- Posted by the IRS
- February 10, 2020
- Reinstated
- Effective May 15, 2019
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $17,241,316 | $2,131,083 | $41,591,242 | IRS |
| 990-PF | December 2023 | $1,154,484 | $2,009,544 | $29,774,888 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 20-5860939).
Questions about THE AL STROOBANTS FOUNDATION
- What is the EIN of THE AL STROOBANTS FOUNDATION?
- The employer identification number (EIN) of THE AL STROOBANTS FOUNDATION is 20-5860939.
- Is THE AL STROOBANTS FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2019 and reinstated it effective May 15, 2019.
- Are donations to THE AL STROOBANTS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THE AL STROOBANTS FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THE AL STROOBANTS 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 THE AL STROOBANTS 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 THE AL STROOBANTS FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does THE AL STROOBANTS FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $17,241,316, expenses of $2,131,083 and total assets of $41,591,242 at year end.
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