Nonprofit · EIN 23-7201488
MAXWELL M CORPENING JR MEMORIAL FOUNDATION
Tax-exempt · MARION, NC 28752
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $670,166 | $606,627 | $63,539 | $684,310 | $1,492 | $682,818 |
| December 31, 2023 | 990-PF | $666,767 | $638,081 | $28,686 | $620,538 | $1,259 | $619,279 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $665,548
- Interest
- $252
- Other income
- $4,366
Expenses
- Grants and similar amounts paid
- $575,630
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $18,473
- Disbursements for charitable purposes
- $602,009
Balance sheet and other
- Total assets, start of year
- $620,538
- Total assets, end of year
- $684,310
- Total liabilities, end of year
- $1,492
- Net assets, end of year
- $682,818
- Fair market value of assets
- $684,310
- Qualifying distributions
- $602,009
- Net investment income
- $252
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 |
|---|---|---|---|
| DAVID WOOTEN P O BOX 2400, MARION, NC 28752 | SECRETARY/TREASURER | 2 | $0 |
| RICKY BUCHANAN P O BOX 2400, MARION, NC 28752 | CHAIRMAN | 2 | $0 |
| REV ROBERT WARREN P O BOX 2400, MARION, NC 28752 | VICE CHAIRMAN | 2 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID WOOTEN P O BOX 2400, MARION, NC 28752 | SECRETARY/TREASURER | 2 | $0 |
| RICKY BUCHANAN P O BOX 2400, MARION, NC 28752 | CHAIRMAN | 2 | $0 |
| REV ROBERT WARREN P O BOX 2400, MARION, NC 28752 | VICE CHAIRMAN | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2400, MARION, NC 28752-2400
- Signed the 990-PF
- DAVID WOOTEN, SECRETARY/TREASURER
- Phone
- (828) 659-9622
- Return prepared by
- DMJPS 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 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
- 23-7201488
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation (exempt from paying excise taxes)
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 1972
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $684,310
- Income (IRS master file)
- $670,166
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $670,166 | $606,627 | $684,310 | XML |
| 990-PF | December 2023 | $666,767 | $638,081 | $620,538 | 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 23-7201488).
Questions about MAXWELL M CORPENING JR MEMORIAL FOUNDATION
- What is the EIN of MAXWELL M CORPENING JR MEMORIAL FOUNDATION?
- The employer identification number (EIN) of MAXWELL M CORPENING JR MEMORIAL FOUNDATION is 23-7201488.
- Is MAXWELL M CORPENING JR MEMORIAL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1972.
- Are donations to MAXWELL M CORPENING JR MEMORIAL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does MAXWELL M CORPENING JR MEMORIAL FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MAXWELL M CORPENING JR MEMORIAL 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 MAXWELL M CORPENING JR MEMORIAL 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 MAXWELL M CORPENING JR MEMORIAL FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does MAXWELL M CORPENING JR MEMORIAL FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $670,166, expenses of $606,627 and total assets of $684,310 at year end.
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