Nonprofit · EIN 41-1483019
THE AMERICAN CHESTNUT FOUNDATION
Tax-exempt · ASHEVILLE, NC 28804
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,881,634 | $3,892,850 | -$11,216 | $10,700,404 | $779,960 | $9,920,444 |
| June 30, 2024 | 990 | $3,367,085 | $3,683,761 | -$316,676 | $9,943,661 | $690,015 | $9,253,646 |
| June 30, 2023 | 990 | $3,707,009 | $3,418,320 | $288,689 | $9,203,547 | $550,500 | $8,653,047 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,336,543
- of which government grants
- $42,978
- Membership dues
- $454,981
- Program service revenue
- $0
- Investment income
- $437,309
- Net gain from sales of assets
- $298,343
- Net income from sales of inventory
- $56,421
- Other revenue
- $107,782
Expenses
- Grants and similar amounts paid
- $354,006
- Compensation of officers, directors and key employees
- $314,448
- Other salaries and wages
- $1,592,842
- Salaries, compensation and benefits (total)
- $2,249,148
- Professional fundraising fees
- $0
- Legal fees
- $53,345
- Accounting fees
- $21,483
- Occupancy
- $98,738
- Travel
- $96,786
- Depreciation
- $153,010
- Program services (functional)
- $3,210,850
- Management and general (functional)
- $601,794
- Fundraising (functional)
- $80,206
Balance sheet and other
- Total assets, start of year
- $9,943,661
- Total assets, end of year
- $10,700,404
- Total liabilities, end of year
- $779,960
- Net assets, end of year
- $9,920,444
- Land, buildings and equipment
- $2,357,758
- Publicly traded securities
- $5,799,943
- Net assets without donor restrictions
- $9,377,863
- Net assets with donor restrictions
- $542,581
- Gross receipts
- $4,545,246
- Employees
- 35
- Volunteers
- 2,891
- Year formed
- 1983
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAM C PITT PHD | PRES/CEO THR Officer | 40 | $218,325 | $639 |
| SHAOMIN LI | CONTROLLER T Officer | 40 | $72,959 | $7,999 |
| DR ELIZABETH KRAMER | CHAIR Trustee or director, Officer | 15 | $0 | $0 |
| DR JOHN SCRIVANI | VICE CHAIR Trustee or director, Officer | 15 | $0 | $0 |
| JAMES SEARING | SECRETARY/TR Trustee or director, Officer | 15 | $0 | $0 |
| ANNA SPROUL-LATIMER | PROMO/OUTREA Trustee or director, Officer | 5 | $0 | $0 |
| DR DENNIS LIU | SCIENCE/TECH Trustee or director, Officer | 5 | $0 | $0 |
| BETTY ALLISON | DIRECTOR Trustee or director | 5 | $0 | $0 |
| STEPHEN BLACK | DIRECTOR Trustee or director | 5 | $0 | $0 |
| REBECCA CARTER | DIRECTOR Trustee or director | 5 | $0 | $0 |
| DR MARTIN CIPOLLINI | DIRECTOR Trustee or director | 5 | $0 | $0 |
| WILLIAM J CUDE III | DIRECTOR Trustee or director | 5 | $0 | $0 |
| DR DEBORAH DELMER | DIRECTOR Trustee or director | 5 | $0 | $0 |
| CATHERINE NOVELLI | DIRECTOR Trustee or director | 5 | $0 | $0 |
| DR JEANNE ROMERO-SEVERSON | DIRECTOR Trustee or director | 5 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JACK SWATT | DIRECTOR Trustee or director | 5 | $0 |
| BARBARA TORMOEHLEN | DIRECTOR THR Trustee or director | 5 | $0 |
| BRUCE LEVINE | INTERIM CEO Trustee or director | 1 | $0 |
| MICHAEL GOERGEN | PRESIDENT/CE Officer | 40 | $0 |
990 for the year ended June 30, 2024: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LISA THOMSON | PRES/CEO (TO Officer | 40 | $162,812 | $9,465 |
| WILLIAM C PITT PHD | PRESIDENT/CE Officer | 40 | $78,787 | $103 |
| PAUL WINGENFELD | CFO (TO 08/2 Officer | 40 | $65,344 | $8,076 |
| SHAOMIN LI | CONTROLLER Officer | 40 | $52,575 | $5,849 |
| WILLIAM J CUDE III | CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| REBECCA CARTER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BARBARA TORMOEHLEN | SECRETARY/TR Trustee or director, Officer | 5 | $0 | $0 |
| BETTY ALLISON | DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| DR MARTIN CIPOLLINI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR DEBORAH DELMER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRUCE LEVINE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR DENNIS LIU | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR ELIZABETH KRAMER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CATHERINE NOVELLI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR JOHN SCRIVANI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM SEARING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANNA SPROUL-LATIMER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR MANDY CROMWELL | DIR (TO 10/2 Trustee or director | 1 | $0 | $0 |
| LEWIS LOBDELL | DIR (TO 10/2 Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LISA THOMSON | PRESIDENT & Officer | 40 | $170,400 | $19,821 |
| PAUL WINGENFELD | CFO Officer | 40 | $86,658 | $16,616 |
| WILLIAM J CUDE III | CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| REBECCA CARTER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BARBARA TORMOEHLEN | SECRETARY/TR Trustee or director, Officer | 5 | $0 | $0 |
| BETTY ALLISON | PROMOTION CH Trustee or director, Officer | 1 | $0 | $0 |
| DR DEBORAH DELMER | SCIENCE & TE Trustee or director, Officer | 1 | $0 | $0 |
| BRUCE LEVINE | CHAPTERS COM Trustee or director, Officer | 1 | $0 | $0 |
| CATHERINE NOVELLI | GOVERNMENT C Trustee or director, Officer | 1 | $0 | $0 |
| DR JOHN SCRIVANI | RESTORATION Trustee or director, Officer | 1 | $0 | $0 |
| DR MANDY CROMWELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR DENNIS LIU | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LEWIS LOBDELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM SEARING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANNA SPROUL-LATIMER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR JEANNE ROMERO-SEVERSON | DIRECTOR THR Trustee or director | 1 | $0 | $0 |
| BRADFORD G STANBACK | DIRECTOR THR Trustee or director | 1 | $0 | $0 |
| DR HILL CRADDOCK | EX-OFFIC THR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 50 N MERRIMON AVE UNIT 115, ASHEVILLE, NC 28804-1395
- Principal officer (990 for 2024)
- MICHAEL GOERGEN, 50 N MERRIMON AVE, STE 115, ASHEVILLE, NC 28804
- Signed the 990
- MICHAEL GOERGEN, PRESIDENT/CEO
- Phone
- (828) 281-0047
- Website
- WWW.TACF.ORG
- Return prepared by
- CARTER P C
Mission
TO RETURN THE ICONIC AMERICAN CHESTNUT TO ITS NATIVE RANGE.
Program accomplishments
- CONTINUED RESEARCH BY INTEGRATING THREE MAJOR RESEARCH TRACKS INCLUDING: BREEDING, BIO-CONTROL, AND BIOTECHNOLOGY. EACH OF THESE APPROACHES HOLDS KEYS TO THE FUTURE OF THE SPECIES' RECOVERY, AND THE FOUNDATION IS COMMITTED TO SCIENTIFIC COLLABORATION AND ECOLOGICAL RESTORATION OF THE AMERICAN CHESTNUT AT SCALE.Expenses $3,210,850 · grants $354,006
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 41-1483019
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1984
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C400)
- Assets (IRS master file)
- $10,700,404
- Income (IRS master file)
- $4,545,246
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,881,634 | $3,892,850 | $10,700,404 | IRS |
| 990 | June 2024 | $3,367,085 | $3,683,761 | $9,943,661 | XML |
| 990 | June 2023 | $3,707,009 | $3,418,320 | $9,203,547 | XML |
| 990 | June 2022 | $2,958,588 | $2,869,965 | $8,303,421 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 41-1483019).
Questions about THE AMERICAN CHESTNUT FOUNDATION
- What is the EIN of THE AMERICAN CHESTNUT FOUNDATION?
- The employer identification number (EIN) of THE AMERICAN CHESTNUT FOUNDATION is 41-1483019.
- Is THE AMERICAN CHESTNUT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to THE AMERICAN CHESTNUT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE AMERICAN CHESTNUT 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 THE AMERICAN CHESTNUT FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE AMERICAN CHESTNUT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of THE AMERICAN CHESTNUT FOUNDATION?
- The 990 for the year ended June 30, 2025 names MICHAEL GOERGEN.
- Who are the officers and directors of THE AMERICAN CHESTNUT FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 19 people; 2 received compensation from the organization, the highest $218,325 (WILLIAM C PITT PHD, PRES/CEO THR).
- How much revenue does THE AMERICAN CHESTNUT FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,881,634, expenses of $3,892,850 and total assets of $10,700,404 at year end.
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