Nonprofit · EIN 45-4997770
MARINER FOUNDATION
Tax-exempt · CHARLOTTE, NC 28214
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,035,020 | $1,950,816 | $84,204 | $23,382,136 | $23,070,000 | $312,136 |
| June 30, 2024 | 990 | $2,799,457 | $2,277,234 | $522,223 | $23,747,932 | $23,520,000 | $227,932 |
| June 30, 2023 | 990 | $4,110,065 | $2,095,359 | $2,014,706 | $23,879,788 | $24,174,079 | -$294,291 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $183,118
- Program service revenue
- $1,727,839
- Investment income
- $124,063
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $517,258
- Program services (functional)
- $1,950,816
Balance sheet and other
- Total assets, start of year
- $23,747,932
- Total assets, end of year
- $23,382,136
- Total liabilities, end of year
- $23,070,000
- Net assets, end of year
- $312,136
- Land, buildings and equipment
- $21,226,238
- Net assets without donor restrictions
- $312,136
- Gross receipts
- $2,035,020
- Employees
- 0
- Volunteers
- 100
- Year formed
- 2012
- 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 |
|---|---|---|---|
| Bitika Williams | President Trustee or director, Officer | 5 | $0 |
| Virginia Staley | Secretary Trustee or director, Officer | 5 | $0 |
| Stephanie Hill | Director Trustee or director | 2 | $0 |
| Daniel Tart | Director Trustee or director | 2 | $0 |
| Vermaine Shelton | Director Trustee or director | 2 | $0 |
| Tom Winstead | Vice President Trustee or director, Officer | 2 | $0 |
| Tammy Winstead | Director Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bitika Williams | President Trustee or director, Officer | 5 | $0 |
| Virginia Staley | Secretary Trustee or director, Officer | 5 | $0 |
| Stephanie Hill | Director Trustee or director | 2 | $0 |
| Daniel Tart | Director Trustee or director | 2 | $0 |
| Bill Tracey | Director Trustee or director | 2 | $0 |
| Vermaine Shelton | Director Trustee or director | 2 | $0 |
| Tom Winstead | Vice President Trustee or director, Officer | 2 | $0 |
| Tammy Winstead | Director Trustee or director | 2 | $0 |
990 for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bitika Williams | President Trustee or director, Officer | 5 | $0 |
| Virginia Staley | Secretary Trustee or director, Officer | 5 | $0 |
| Sarah Scholz | Treasurer Trustee or director, Officer | 5 | $0 |
| Stephanie Hill | Director Trustee or director | 2 | $0 |
| Daniel Tart | Director Trustee or director | 2 | $0 |
| Bill Tracey | Director Trustee or director | 2 | $0 |
| Vermaine Shelton | Director Trustee or director | 2 | $0 |
| Tom Winstead | Director Trustee or director | 2 | $0 |
| Tammy Winstead | Director Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1209 LITTLE ROCK RD, CHARLOTTE, NC 28214-2310
- In care of
- % KENNETH HOLT
- Principal officer (990 for 2024)
- Bitika Williams, 1209 Little Rock Road, Charlotte, NC 28214
- Signed the 990
- Bitika Williams, President
- Phone
- (704) 477-0547
- 990-N for 2018 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: Ken Holt, 1209 Little Rock Road, Charlotte NC 28214. Mailing address: 1209 Little Rock Road, Charlotte NC 28214.
- Return prepared by
- BEARMANCPA PLLC
Mission
To help Mountain Island Day Community Charter School succeed by partnering parents and teachers and providing resources for the school.
Program accomplishments
- The Mariner Foundation functions as the parent-teacher organization for Mountain Island Day Community Charter School and also owns the physical facilties of the school and holds the associated debt. In FY 19/20, the Foundation borrowed $24,735,000 through a public finance bond offering in order to purchase the school's formerly leased facilities, construct a new educational facility, purchase land for future use, and make a variety of improvements to the school's grounds.The Foundation leases the property to the school in amount equal to the annual debt service requirements.The Foundation also coordinates extra-curricular and ancillary activities for the school such as bus transportation and student activities and collects fees and pays expenses for activities such as dance, art, and athletics.Expenses $1,950,816 · revenue $1,727,839
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
- 45-4997770
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2013
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B94)
- Assets (IRS master file)
- $23,382,136
- Income (IRS master file)
- $2,035,020
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,035,020 | $1,950,816 | $23,382,136 | XML |
| 990 | June 2024 | $2,799,457 | $2,277,234 | $23,747,932 | XML |
| 990 | June 2023 | $4,110,065 | $2,095,359 | $23,879,788 | XML |
| 990 | June 2022 | $1,793,742 | $2,024,207 | $22,191,927 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-N for 2018 Officer: Ken Holt Filed under this EIN, most likely by a chapter or affiliate | June 30, 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 45-4997770).
Questions about MARINER FOUNDATION
- What is the EIN of MARINER FOUNDATION?
- The employer identification number (EIN) of MARINER FOUNDATION is 45-4997770.
- Is MARINER FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to MARINER FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MARINER 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 MARINER 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 MARINER 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 MARINER FOUNDATION?
- The 990 for the year ended June 30, 2025 names Bitika Williams.
- Who are the officers and directors of MARINER FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does MARINER FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,035,020, expenses of $1,950,816 and total assets of $23,382,136 at year end.
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