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Nonprofit · EIN 45-3177298

GIFT FOUNDATION INC

Tax-exempt (reinstated) · HIGH POINT, NC 27262

Financials

$73K$76K2023$93K$90K2024
Revenue Expenses · by fiscal year end
Financials of GIFT FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$93,000$90,027$2,973$6,750–$6,750
December 31, 2023990-EZ$72,500$75,935-$3,435$3,777–$3,777
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$93,000

Expenses

Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$80,847
Other expenses
$9,180
Program services (functional)
$90,027

Balance sheet and other

Total assets, start of year
$3,777
Total assets, end of year
$6,750
Total liabilities, end of year
–
Net assets, end of year
$6,750
Cash, savings and investments
$6,750
Gross receipts
$93,000

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-EZ for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
JACK G HENDRIXTREASURER0$0
TAMARA H HENDRIXPRESIDENT0$0
MILFORD C NOOEDIRECTOR0$0
JEFF LENTZDIRECTOR0$0
RENEE GRUBBDIRECTOR0$0
990-EZ for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
JACK G HENDRIXTREASURER0$0
TAMARA H HENDRIXPRESIDENT0$0
MILFORD C NOOEDIRECTOR0$0
JEFF LENTZDIRECTOR0$0
RENEE GRUBBDIRECTOR0$0

Address and contacts

Address (IRS master file)
1015 HUTTON LN STE 103, HIGH POINT, NC 27262-7239
Mailing address (990-N for 2020)
1015 HUTTON LANE STE 103, HIGH POINT NC 27262
Principal officer (990-N for 2020)
JACK G HENDRIX, 1015 Hutton Lane Suite 103, High Point NC 27262
Signed the 990-EZ
TAMARA H HENDRIX, PRESIDENT
Phone
(336) 887-2272
Return prepared by
HENDRIX BARNEY & CO CPA'S PLLC

Mission

THE GIFT FOUNDATION, INC. IS A NONPROFIT, CHARITABLE ORGANIZATION THAT FACILITATES AND SUPPORTS CAUSES THAT GIVE FORWARD TO PEOPLE AND ANIMALS IN NEED.

990-EZ for the year ended December 31, 2024

Program accomplishments

  • THE GIFT FOUNDATION, INC. IS A NONPROFIT, CHARITABLE ORGANIZATION THAT FACILITATES AND SUPPORTS CAUSES THAT GIVE FORWARD TO PEOPLE AND ANIMALS IN NEED.
  • THE GIFT FOUNDATION, INC. IS A NONPROFIT, CHARITABLE ORGANIZATION THAT FACILITATES AND SUPPORTS CAUSES THAT GIVE FORWARD TO PEOPLE AND ANIMALS IN NEED.
    Expenses $90,027

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
45-3177298
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
2014
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P99)
Assets (IRS master file)
$6,750
Income (IRS master file)
$93,000

Revocation and reinstatement

Exemption revoked
May 15, 2014
Posted by the IRS
July 31, 2014
Reinstated
Effective May 15, 2014

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$93,000$90,027$6,750IRS
990-EZDecember 2023$72,500$75,935$3,777XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-N for 2020
Officer: JACK G HENDRIX
December 31, 2020≤ $50,000 receipts––e-Postcard
990-N for 2019
Officer: JACK G HENDRIX
December 31, 2019≤ $50,000 receipts––e-Postcard

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 45-3177298).

Questions about GIFT FOUNDATION INC

What is the EIN of GIFT FOUNDATION INC?
The employer identification number (EIN) of GIFT FOUNDATION INC is 45-3177298.
Is GIFT FOUNDATION INC tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2014 and reinstated it effective May 15, 2014.
Are donations to GIFT FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GIFT FOUNDATION INC 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 GIFT FOUNDATION INC 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 GIFT FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who is the principal officer of GIFT FOUNDATION INC?
The 990-N for 2020 names JACK G HENDRIX.
Who are the officers and directors of GIFT FOUNDATION INC?
The 990-EZ for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does GIFT FOUNDATION INC have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $93,000, expenses of $90,027 and total assets of $6,750 at year end.

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