Nonprofit · EIN 45-4128262
PHILIP AND HELEN PITTS FOUNDATION
Tax-exempt · MORGANTON, NC 28655
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $61,772 | $102,228 | -$40,456 | $891,857 | $0 | $891,857 |
| December 31, 2023 | 990-PF | $87,320 | $103,639 | -$16,319 | $932,313 | $0 | $932,313 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $45,817
- Interest
- $17
- Net gain from sales of assets
- $15,938
Expenses
- Grants and similar amounts paid
- $90,500
- Compensation of officers, directors and key employees
- $7,984
- Disbursements for charitable purposes
- $90,500
- Excise tax on investment income
- $787
Balance sheet and other
- Total assets, start of year
- $932,313
- Total assets, end of year
- $891,857
- Total liabilities, end of year
- $0
- Net assets, end of year
- $891,857
- Fair market value of assets
- $1,681,879
- Qualifying distributions
- $90,500
- Net investment income
- $61,772
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 |
|---|---|---|---|
| CLINTON H LYTLE 305 E UNION STREET SUITE B112, MORGANTON, NC 28655 | EXECUTIVE TRUSTEE | 1 | $3,992 |
| JAMES CONLEY MITCHELL III 106 FOREST DALE DRIVE, JAMESTOWN, NC 27282 | EXECUTIVE TRUSTEE | 1 | $3,992 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CLINTON H LYTLE 305 E UNION STREET SUITE B112, MORGANTON, NC 28655 | EXECUTIVE TRUSTEE | 1 | $3,768 |
| JAMES CONLEY MITCHELL III 106 FOREST DALE DRIVE, JAMESTOWN, NC 27282 | EXECUTIVE TRUSTEE | 1 | $3,768 |
Address and contacts
- Address (IRS master file)
- 305 E UNION ST UNIT B112, MORGANTON, NC 28655-3477
- Signed the 990-PF
- CLINTON LYTLE, EXECUTIVE TRUSTEE
- Phone
- (828) 433-6500
- Return prepared by
- DAVIDSON HOLLAND WHITESELL & CO PLLC
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
- 45-4128262
- 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
- 2015
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $891,857
- Income (IRS master file)
- $98,023
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $61,772 | $102,228 | $891,857 | XML |
| 990-PF | December 2023 | $87,320 | $103,639 | $932,313 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | 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 45-4128262).
Questions about PHILIP AND HELEN PITTS FOUNDATION
- What is the EIN of PHILIP AND HELEN PITTS FOUNDATION?
- The employer identification number (EIN) of PHILIP AND HELEN PITTS FOUNDATION is 45-4128262.
- Is PHILIP AND HELEN PITTS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to PHILIP AND HELEN PITTS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does PHILIP AND HELEN PITTS FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of PHILIP AND HELEN PITTS 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 PHILIP AND HELEN PITTS 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 PHILIP AND HELEN PITTS FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 2 received compensation from the organization, the highest $3,992 (CLINTON H LYTLE, EXECUTIVE TRUSTEE).
- How much revenue does PHILIP AND HELEN PITTS FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $61,772, expenses of $102,228 and total assets of $891,857 at year end.
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