Nonprofit · EIN 26-2866189
CLINE FAMILY FOUNDATION
Tax-exempt · PALM BCH GDNS, FL 33410
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $3,452,810 | $1,562,236 | $1,890,574 | $40,366,125 | $16,748 | $40,349,377 |
| December 31, 2023 | 990-PF | -$69,931 | $1,485,145 | -$1,555,076 | $35,478,774 | $55,609 | $35,423,165 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $952,172
- Interest
- $297,489
- Net gain from sales of assets
- $2,203,149
Expenses
- Grants and similar amounts paid
- $1,202,500
- Compensation of officers, directors and key employees
- $197,694
- Disbursements for charitable purposes
- $1,202,500
- Excise tax on investment income
- $12,370
Balance sheet and other
- Total assets, start of year
- $35,478,774
- Total assets, end of year
- $40,366,125
- Total liabilities, end of year
- $16,748
- Net assets, end of year
- $40,349,377
- Fair market value of assets
- $40,366,125
- Qualifying distributions
- $1,202,500
- Net investment income
- $1,249,661
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 |
|---|---|---|---|
| CANDICE CLINE KENAN 2402 BLACKGROUND ROAD, JOHNS ISLAND, SC 29455 | EXECUTIVE DI | 20 | $151,116 |
| CHRISTOPHER L CLINE 12244 TILLINGHAST CIRCLE, PALM BEACH GARDENS, FL 33418 | OFFICER | 5 | $46,578 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CANDICE CLINE KENAN 2402 BLACKGROUND ROAD, JOHNS ISLAND, SC 29455 | EXECUTIVE DI | 20 | $159,704 |
| CHRISTOPHER L CLINE 2715 LOCH LANE, CHARLOTTE, NC 28226 | OFFICER | 5 | $38,486 |
Address and contacts
- Address (IRS master file)
- 3825 PGA BLVD STE 1005, PALM BCH GDNS, FL 33410-2991
- In care of
- % WACHOVIA BANK NA
- Signed the 990-PF
- CANDICE CLINE KENAN, EXECUTIVE DIRECTOR
- Phone
- (304) 255-4998
- Return prepared by
- PROFFITT & ASSOCIATES
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
- 26-2866189
- 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)
- $40,366,125
- Income (IRS master file)
- $8,947,126
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $3,452,810 | $1,562,236 | $40,366,125 | XML |
| 990-PF | December 2023 | -$69,931 | $1,485,145 | $35,478,774 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-PF | December 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 26-2866189).
Questions about CLINE FAMILY FOUNDATION
- What is the EIN of CLINE FAMILY FOUNDATION?
- The employer identification number (EIN) of CLINE FAMILY FOUNDATION is 26-2866189.
- Is CLINE FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to CLINE FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CLINE FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CLINE FAMILY 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 CLINE FAMILY 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 CLINE FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 2 received compensation from the organization, the highest $151,116 (CANDICE CLINE KENAN, EXECUTIVE DI).
- How much revenue does CLINE FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $3,452,810, expenses of $1,562,236 and total assets of $40,366,125 at year end.
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