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Nonprofit · EIN 23-7062032

GRACE EPISCOPAL CHURCH FOUNDATION

Tax-exempt · MORGANTON, NC 28655

Financials

$77K$73K2023$92K$71K2024$122K$71K2025
Revenue Expenses · by fiscal year end
Financials of GRACE EPISCOPAL CHURCH FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$121,803$71,200$50,603$2,114,698$0$2,114,698
December 31, 2024990$92,034$71,313$20,721$2,064,095$0$2,064,095
December 31, 2023990$76,913$72,563$4,350$2,043,374$0$2,043,374
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$121,803
Net gain from sales of assets
$1,088
Other revenue
$0

Expenses

Grants and similar amounts paid
$70,000
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$900
Program services (functional)
$70,000
Management and general (functional)
$1,200

Balance sheet and other

Total assets, start of year
$2,064,095
Total assets, end of year
$2,114,698
Total liabilities, end of year
$0
Net assets, end of year
$2,114,698
Land, buildings and equipment
$26,649
Publicly traded securities
$2,075,064
Net assets without donor restrictions
$2,114,698
Gross receipts
$525,819
Employees
0
Year formed
1969
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.

NameTitleHours / weekCompensation
SHERRY WILLARDPRESIDENT
Officer
0$0
LIBBY STEPHENSSECRETARY
Officer
0$0
MORRIS BAKERTREASURER
Officer
10$0
990 for the year ended December 31, 2024: 3 people
NameTitleHours / weekCompensation
SHERRY WILLARDPRESIDENT
Officer
0$0
LIBBY STEPHENSSECRETARY
Officer
0$0
MORRIS BAKERTREASURER
Officer
10$0
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
MORRIS BAKERTREASURER
Officer
10$0
LIBBY STEPHENSSECRETARY
Officer
0$0
SHERRY WILLARDPRESIDENT
Officer
0$0

Address and contacts

Address (IRS master file)
303 S KING ST, MORGANTON, NC 28655-3536
In care of
% MORRIS BAKER
Signed the 990
MORRIS BAKER, TREASURER
Phone
(828) 433-1725
Return prepared by
ARYEE ACCOUNTING & TAX SERVICES

Mission

OUTREACH ASSISTANCE

990 for the year ended December 31, 2025

Program accomplishments

  • OUTREACH ASSISTANCE TO VARIOUS ORGANIZATIONS IN BURKE COUNTY AND THE WESTERN PART OF NORTH CAROLINA
    Expenses $70,000 · grants $70,000

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, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-7062032
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1970
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,114,698
Income (IRS master file)
$525,819

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$121,803$71,200$2,114,698IRS
990December 2024$92,034$71,313$2,064,095XML
990December 2023$76,913$72,563$2,043,374XML
990December 2022$88,247$72,349$2,039,025IRS
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 23-7062032).

Questions about GRACE EPISCOPAL CHURCH FOUNDATION

What is the EIN of GRACE EPISCOPAL CHURCH FOUNDATION?
The employer identification number (EIN) of GRACE EPISCOPAL CHURCH FOUNDATION is 23-7062032.
Is GRACE EPISCOPAL CHURCH FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1970.
Are donations to GRACE EPISCOPAL CHURCH FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GRACE EPISCOPAL CHURCH FOUNDATION 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 GRACE EPISCOPAL CHURCH FOUNDATION 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 GRACE EPISCOPAL CHURCH FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who are the officers and directors of GRACE EPISCOPAL CHURCH FOUNDATION?
The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
How much revenue does GRACE EPISCOPAL CHURCH FOUNDATION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $121,803, expenses of $71,200 and total assets of $2,114,698 at year end.

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