Nonprofit · EIN 45-4004727
MELVIN DOUGLAS AND VICTORIA KAY IVESTER FOUNDATION INC
Tax-exempt · ATLANTA, GA 30305
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $17,755,965 | $3,656,468 | $14,099,497 | $78,573,624 | $0 | $78,573,624 |
| December 31, 2023 | 990-PF | $16,613,433 | $2,992,190 | $13,621,243 | $64,514,945 | $0 | $64,514,945 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,543,654
- Dividends
- $2,569,695
- Interest
- $803
- Net gain from sales of assets
- $10,671,029
- Other income
- -$29,216
Expenses
- Grants and similar amounts paid
- $2,896,500
- Compensation of officers, directors and key employees
- $298,500
- Disbursements for charitable purposes
- $3,071,695
- Excise tax on investment income
- $177,647
Balance sheet and other
- Total assets, start of year
- $64,514,945
- Total assets, end of year
- $78,573,624
- Total liabilities, end of year
- $0
- Net assets, end of year
- $78,573,624
- Fair market value of assets
- $90,902,907
- Qualifying distributions
- $3,071,695
- Net investment income
- $13,158,127
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 |
|---|---|---|---|
| Lynn J Darby 9245 Prestwick Club Drive, Duluth, GA 30097 | Director, President | 30 | $135,500 |
| Swinton A Griffith III 3978 Sweet Bottom Drive, Duluth, GA 30096 | Director,CFO,Treasurer,Secretary, | 30 | $134,500 |
| M Douglas Ivester 411 Peachtree Battle AveNW, Atlanta, GA 30305 | Director | 15 | $9,500 |
| Oliver C Murray 964 Racetrack Road, McDonough, GA 30252 | Director | 10 | $9,500 |
| Brian K Rochester 2132 Elysian Circle, Gainesville, GA 30501 | Director | 10 | $9,500 |
| Martha Maron Weber 645 County Road 604, Wedowee, AL 36278 | VP and Asst. Secretary | 0 | $0 |
990-PF for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lynn J Darby 9245 Prestwick Club Drive, Duluth, GA 30097 | Director, President | 30 | $107,420 |
| M Douglas Ivester 411 Peachtree Battle AveNW, Atlanta, GA 30305 | Director | 15 | $106,420 |
| Swinton A Griffith III 3978 Sweet Bottom Drive, Duluth, GA 30096 | Director,CFO,Treasurer,Secretary, | 30 | $106,420 |
| Oliver C Murray 964 Racetrack Road, McDonough, GA 30252 | Director | 10 | $9,500 |
| Brian K Rochester 2132 Elysian Circle, Gainesville, GA 30501 | Director | 10 | $9,500 |
| Martha Maron Weber 645 County Road 604, Wedowee, AL 36278 | VP and Asst. Secretary | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 411 PEACHTREE BATTLE AVE NW, ATLANTA, GA 30305-4032
- In care of
- % M DOUGLAS IVESTER
- Signed the 990-PF
- Lynn J Darby, President
- Phone
- (404) 310-7000
- Return prepared by
- Swinton Griffith
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
- 45-4004727
- 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
- 2012
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $78,573,624
- Income (IRS master file)
- $37,829,166
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $17,755,965 | $3,656,468 | $78,573,624 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $16,613,433 | $2,992,190 | $64,514,945 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | 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 45-4004727).
Questions about MELVIN DOUGLAS AND VICTORIA KAY IVESTER FOUNDATION INC
- What is the EIN of MELVIN DOUGLAS AND VICTORIA KAY IVESTER FOUNDATION INC?
- The employer identification number (EIN) of MELVIN DOUGLAS AND VICTORIA KAY IVESTER FOUNDATION INC is 45-4004727.
- Is MELVIN DOUGLAS AND VICTORIA KAY IVESTER FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to MELVIN DOUGLAS AND VICTORIA KAY IVESTER FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MELVIN DOUGLAS AND VICTORIA KAY IVESTER FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MELVIN DOUGLAS AND VICTORIA KAY IVESTER 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 MELVIN DOUGLAS AND VICTORIA KAY IVESTER FOUNDATION INC 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 MELVIN DOUGLAS AND VICTORIA KAY IVESTER FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 6 people; 5 received compensation from the organization, the highest $135,500 (Lynn J Darby, Director, President).
- How much revenue does MELVIN DOUGLAS AND VICTORIA KAY IVESTER FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $17,755,965, expenses of $3,656,468 and total assets of $78,573,624 at year end.
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