Nonprofit · EIN 26-0053395
CAROL FOUNDATION
Tax-exempt · GALLATIN, TN 37066
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $181,375 | $136,405 | $44,970 | $2,044,497 | $0 | $2,044,497 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $32,205
- Interest
- $16,660
- Net gain from sales of assets
- $132,510
Expenses
- Grants and similar amounts paid
- $68,000
- Compensation of officers, directors and key employees
- $40,000
- Salaries, compensation and benefits (total)
- $0
- Disbursements for charitable purposes
- $101,116
- Excise tax on investment income
- $2,031
Balance sheet and other
- Total assets, start of year
- $2,001,559
- Total assets, end of year
- $2,044,497
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,044,497
- Fair market value of assets
- $2,375,798
- Qualifying distributions
- $101,116
- Net investment income
- $181,375
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dwight Martin 290 Chancery Dr, Gallatin, TN 37066 | Sec Treas | 12 | $15,000 |
| Joy Henderson 109 Locks Farm Ln, Downingtown, PA 19335 | President | 6 | $10,000 |
| Carol Martin 290 Chancery Dr, Gallatin, TN 37066 | Trustee | 4 | $5,000 |
| Lorrie Gideon 800 S Browns Ln, Gallatin, TN 37066 | Trustee | 4 | $5,000 |
| Melissa Black 2429 Old Hwy 29, Thomasville, NC 27360 | Trustee | 4 | $5,000 |
Address and contacts
- Address (IRS master file)
- 290 CHANCERY DR, GALLATIN, TN 37066-1647
- In care of
- % DWIGHT MARTIN
- Signed the 990-PF
- Dwight D Martin, Sec Treas
- Phone
- (972) 322-3565
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 | 990-PF 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
- 26-0053395
- 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
- 2002
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $2,044,497
- Income (IRS master file)
- $764,694
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | – | – | – | IRS |
| 990-PF | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $365,345 | $134,465 | $1,935,919 | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about CAROL FOUNDATION
- What is the EIN of CAROL FOUNDATION?
- The employer identification number (EIN) of CAROL FOUNDATION is 26-0053395.
- Is CAROL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to CAROL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CAROL FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CAROL 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 CAROL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of CAROL FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 5 people; 5 received compensation from the organization, the highest $15,000 (Dwight Martin, Sec Treas).
- How much revenue does CAROL FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $181,375, expenses of $136,405 and total assets of $2,044,497 at year end.
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All nonprofits in GALLATIN · Tennessee · Philanthropy, voluntarism and grantmaking foundations