Nonprofit · EIN 46-1214812
GLOUCESTER REVOLVING LOAN FUND INC
Also known as NONE
Tax-exempt · GLOUCESTER, VA 23061
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,035 | $15,595 | -$13,560 | $239,140 | $0 | $239,140 |
| December 31, 2023 | 990 | $0 | $10,169 | -$10,169 | $252,500 | $0 | $252,500 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,035
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $5,186
- Occupancy
- $4,425
- Program services (functional)
- $15,595
Balance sheet and other
- Total assets, start of year
- $252,500
- Total assets, end of year
- $239,140
- Total liabilities, end of year
- $0
- Net assets, end of year
- $239,140
- Gross receipts
- $2,035
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2012
- State of legal domicile
- VA
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOE HEYMAN | CHAIRMAN Officer | 1 | $0 |
| DAVID HUDSON | VICE CHAIRMAN Officer | 0.25 | $0 |
| RICHARD WIATT | SECRETARY Officer | 0.25 | $0 |
| JOHN WRIGHT | TREASURER Officer | 0.25 | $0 |
| BILL BAXTER | BOARD MEMBER Officer | 0.25 | $0 |
| DR DAVID BROWN | BOARD MEMBER Officer | 0.25 | $0 |
| STEVE CALLIS | BOARD MEMBER Officer | 0.25 | $0 |
| NAM VU | BOARD MEMBER Officer | 0.25 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOE HEYMAN | CHAIRMAN Officer | 1 | $0 |
| DAVID HUDSON | VICE CHAIRMAN Officer | 0.25 | $0 |
| RICHARD WIATT | SECRETARY Officer | 0.25 | $0 |
| JOHN WRIGHT | TREASURER Officer | 0.25 | $0 |
| BILL BAXTER | BOARD MEMBER Officer | 0.25 | $0 |
| DR DAVID BROWN | BOARD MEMBER Officer | 0.25 | $0 |
| STEVE CALLIS | BOARD MEMBER Officer | 0.25 | $0 |
| NAM VU | BOARD MEMBER Officer | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2240, GLOUCESTER, VA 23061-2240
- Mailing address (990-N for 2013)
- PO BOX 160, FOSTER VA 23056
- Principal officer (990 for 2024)
- JOE HEYMAN, PO BOX 265, GLOUCESTER, VA 23061
- Principal officer (990-N for 2013)
- JAMES A ROBINSON JR, PO BOX 160, FOSTER VA 23056
- Signed the 990
- JOE HEYMAN, CHAIRMAN
- Phone
- (804) 824-9614
- Website
- WWW.GLOUCESTERLOANFUND.COM
- Return prepared by
- CLEARSTEAD
Mission
THE GLOUCESTER REVOLVING LOAN FUND HAS BEEN ESTABLISHED TO PROVIDE PARTIAL FUNDING FOR BUSINESSES AND NON-PROFIT ORGANIZATIONS UNDERTAKING ACTIVITIES BROADLY DEFINED AS ECONOMIC DEVELOPMENT WITHIN THE GLOUCESTER VILLAGE AREA OF GLOUCESTER COUNTY, VIRGINIA, AS DEFINED BY THE ARTICLES OF INCORPORATION OF THE CORPORATION.
Program accomplishments
- PROVIDED INTEREST FREE LOANS TO PROMOTE ECONOMIC STABILITY DURING THE PANDEMIC.Expenses $15,595
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-1214812
- 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-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S99)
- Assets (IRS master file)
- $239,140
- Income (IRS master file)
- $2,035
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,035 | $15,595 | $239,140 | XML |
| 990 | December 2023 | $0 | $10,169 | $252,500 | XML |
| 990 | December 2022 | $251,574 | $33,229 | $262,669 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2013 Officer: JAMES A ROBINSON JR | December 31, 2013 | ≤ $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 46-1214812).
Questions about GLOUCESTER REVOLVING LOAN FUND INC
- What is the EIN of GLOUCESTER REVOLVING LOAN FUND INC?
- The employer identification number (EIN) of GLOUCESTER REVOLVING LOAN FUND INC is 46-1214812.
- Is GLOUCESTER REVOLVING LOAN FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to GLOUCESTER REVOLVING LOAN FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GLOUCESTER REVOLVING LOAN FUND INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of GLOUCESTER REVOLVING LOAN FUND 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 GLOUCESTER REVOLVING LOAN FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GLOUCESTER REVOLVING LOAN FUND INC?
- The 990 for the year ended December 31, 2024 names JOE HEYMAN.
- Who are the officers and directors of GLOUCESTER REVOLVING LOAN FUND INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does GLOUCESTER REVOLVING LOAN FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,035, expenses of $15,595 and total assets of $239,140 at year end.
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