Nonprofit · EIN 20-8075507
SHEARWATER FOUNDATION INC
Tax-exempt · NORFOLK, VA 23510
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $27,803,359 | $4,762,060 | $23,041,299 | $16,601,948 | $0 | $16,601,948 |
| December 31, 2023 | 990-PF | $868,610 | $276,575 | $592,035 | $3,587,236 | $0 | $3,587,236 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $19,049,219
- Dividends
- $199,736
- Interest
- $45,704
- Net gain from sales of assets
- $8,451,674
- Other income
- $57,026
Expenses
- Grants and similar amounts paid
- $4,749,500
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $4,749,500
- Excise tax on investment income
- $121,508
Balance sheet and other
- Total assets, start of year
- $3,587,236
- Total assets, end of year
- $16,601,948
- Total liabilities, end of year
- $0
- Net assets, end of year
- $16,601,948
- Fair market value of assets
- $19,742,952
- Qualifying distributions
- $4,749,500
- Net investment income
- $8,754,140
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 |
|---|---|---|---|
| CONRAD M HALL 7400 OCEAN FRONT AVENUE, VIRGINIA BEACH, VA 23451 | DIRECTOR | 2 | $0 |
| BURTON M HALL 23 OLD WESTBURY ROAD, OLD WESTBURY, NY 11568 | DIRECTOR | 2 | $0 |
| COSBY M HALL 229 74TH STREET, VIRGINIA BEACH, VA 23451 | DIRECTOR | 2 | $0 |
| PRICE HALL 229 74TH STREET, VIRGINIA BEACH, VA 23451 | DIRECTOR | 2 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CONRAD M HALL 940 JAMESTOWN CRESCENT, NORFOLK, VA 23508 | DIRECTOR | 2 | $0 |
| BURTON M HALL 23 OLD WESTBURY ROAD, OLD WESTBURY, NY 11568 | DIRECTOR | 2 | $0 |
| COSBY M HALL 229 74TH STREET, VIRGINIA BEACH, VA 23451 | DIRECTOR | 2 | $0 |
| PRICE HALL 229 74TH STREET, VIRGINIA BEACH, VA 23451 | DIRECTOR | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 101 W MAIN ST STE 7900, NORFOLK, VA 23510-1799
- In care of
- % CONRAD M HALL
- Signed the 990-PF
- CONRAD M HALL, VICE PRESIDENT
- Phone
- (757) 226-8434
- Return prepared by
- CLEARSTEAD
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
- 20-8075507
- 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
- 2008
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $16,601,948
- Income (IRS master file)
- $30,402,270
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $27,803,359 | $4,762,060 | $16,601,948 | XML |
| 990-PF | December 2023 | $868,610 | $276,575 | $3,587,236 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | 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 20-8075507).
Questions about SHEARWATER FOUNDATION INC
- What is the EIN of SHEARWATER FOUNDATION INC?
- The employer identification number (EIN) of SHEARWATER FOUNDATION INC is 20-8075507.
- Is SHEARWATER FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to SHEARWATER FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does SHEARWATER FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of SHEARWATER FOUNDATION 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 SHEARWATER FOUNDATION INC 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 SHEARWATER FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does SHEARWATER FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $27,803,359, expenses of $4,762,060 and total assets of $16,601,948 at year end.
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