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Nonprofit · EIN 23-7083912

P & B FOUNDATION

Tax-exempt · MATTHEWS, NC 28105

Financials

$795K$508K2022$502K$540K2023$1.3M$629K2024
Revenue Expenses · by fiscal year end
Financials of P & B FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
August 31, 2025990-PF$1,285,269$628,766$656,503$9,134,497$0$9,134,497
August 31, 2024990-PF$502,146$539,964-$37,818$8,487,642$0$8,487,642
August 31, 2023990-PF$794,894$507,609$287,285$8,593,226$58,256$8,534,970
Financial details: 990-PF for the year ended August 31, 2025

Revenue

Contributions, gifts and grants
$276,000
Dividends
$308,830
Interest
$42
Net gain from sales of assets
$580,588
Other income
$119,809

Expenses

Grants and similar amounts paid
$407,154
Compensation of officers, directors and key employees
$104,942
Disbursements for charitable purposes
$532,541
Excise tax on investment income
$12,745

Balance sheet and other

Total assets, start of year
$8,487,642
Total assets, end of year
$9,134,497
Total liabilities, end of year
$0
Net assets, end of year
$9,134,497
Fair market value of assets
$11,163,102
Qualifying distributions
$532,541
Net investment income
$1,009,269

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 August 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
LARRY C PRATT
1025 HOLLEYBANK DRIVE, MATTHEWS, NC 28105
PRES/SEC/TRE40$103,742
BARRY SHEARER
1025 HOLLEYBANK DRIVE, MATTHEWS, NC 28105
DIRECTOR0$300
KEVIN FRYE
1025 HOLLEYBANK DRIVE, MATTHEWS, NC 28105
V. PRES0$300
TOMMY ABERNETHY
1025 HOLLEYBANK DRIVE, MATTHEWS, NC 28105
DIRECTOR0$300
MARK HUDSON
1025 HOLLEYBANK DRIVE, MATTHEWS, NC 28105
DIRECTOR0$300
990-PF for the year ended August 31, 2024: 5 people
NameTitleHours / weekCompensation
LARRY C PRATT
1025 HOLLEYBANK DRIVE, MATTHEWS, NC 28105
PRES/SEC/TRE40$105,511
BARRY SHEARER
1025 HOLLEYBANK DRIVE, MATTHEWS, NC 28105
DIRECTOR0$600
KEVIN FRYE
1025 HOLLEYBANK DRIVE, MATTHEWS, NC 28105
V. PRES0$600
TOMMY ABERNETHY
1025 HOLLEYBANK DRIVE, MATTHEWS, NC 28105
DIRECTOR0$600
MARK HUDSON
1025 HOLLEYBANK DRIVE, MATTHEWS, NC 28105
DIRECTOR0$600
990-PF for the year ended August 31, 2023: 5 people
NameTitleHours / weekCompensation
LARRY C PRATT
1025 HOLLEYBANK DRIVE, MATTHEWS, NC 28105
PRESIDENT/SE40$105,780
BARRY SHEARER
1025 HOLLEYBANK DRIVE, MATTHEWS, NC 28105
DIRECTOR0$300
KEVIN FRYE
1025 HOLLEYBANK DRIVE, MATTHEWS, NC 28105
V. PRES0$300
TOMMY ABERNETHY
1025 HOLLEYBANK DRIVE, MATTHEWS, NC 28105
DIRECTOR0$300
MARK HUDSON
1025 HOLLEYBANK DRIVE, MATTHEWS, NC 28105
DIRECTOR0$300

Address and contacts

Address (IRS master file)
1025 HOLLEYBANK DR, MATTHEWS, NC 28105-6531
Signed the 990-PF
LARRY C PRATT, PRES/SEC/TREAS
Phone
(704) 776-6178
Return prepared by
THOMPSON WHITLOCK PLLC

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025August 31, 2026January 15, 2027Not due yet
2024August 31, 2025January 15, 2026990-PF on file
2023August 31, 2024January 15, 2025990-PF on file

IRS record

EIN
23-7083912
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
1971
Accounting year ends
August
Files
Form 990-PF
Assets (IRS master file)
$9,134,497
Income (IRS master file)
$1,285,269

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFAugust 2025$1,285,269$628,766$9,134,497XML
990-PFAugust 2024$502,146$539,964$8,487,642XML
990-PFAugust 2023$794,894$507,609$8,593,226XML
990-PFAugust 2022–––IRS
990-PFAugust 2021–––IRS
990-PFAugust 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 23-7083912).

Questions about P & B FOUNDATION

What is the EIN of P & B FOUNDATION?
The employer identification number (EIN) of P & B FOUNDATION is 23-7083912.
Is P & B FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1971.
Are donations to P & B FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does P & B FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of P & B FOUNDATION due?
The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did P & B FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended August 2025.
Who are the officers and directors of P & B FOUNDATION?
The 990-PF for the year ended August 31, 2025 lists 5 people; 5 received compensation from the organization, the highest $103,742 (LARRY C PRATT, PRES/SEC/TRE).
How much revenue does P & B FOUNDATION have?
On its 990-PF for the year ended August 31, 2025 it reported revenue of $1,285,269, expenses of $628,766 and total assets of $9,134,497 at year end.

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