Nonprofit · EIN 47-1076977
SALLY NEWTON MEMORIAL FOUNDATION
Tax-exempt (reinstated) · WILMINGTON, NC 28405
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $7,463 | $6,146 | $1,317 | $3,349 | $0 | $3,349 |
| December 31, 2023 | 990-EZ | $6,080 | $4,610 | $1,470 | $2,032 | $0 | $2,032 |
| December 31, 2022 | 990-EZ | $788 | $2,856 | -$2,068 | $562 | $0 | $562 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $7,463
Expenses
- Grants and similar amounts paid
- $5,994
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $152
Balance sheet and other
- Total assets, start of year
- $2,032
- Total assets, end of year
- $3,349
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,349
- Cash, savings and investments
- $3,349
- Gross receipts
- $7,463
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS NEWTON | TREASURER | 3 | $0 |
990-EZ for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS NEWTON | TREASURER | 3 | $0 |
990-EZ for the year ended December 31, 2022: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS NEWTON | TREASURER | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 2122 AUBURN LN, WILMINGTON, NC 28405-6209
- Mailing address (990-N for 2021)
- 2122 Auburn Lane, Wilmington NC 28405
- Principal officer (990-N for 2021)
- Tom Newton, 2122 Auburn Lane, Wilmington NC 28405
- Signed the 990-EZ
- THOMAS NEWTON, TREASURER
- Phone
- (336) 297-4747
- Return prepared by
- BUTLER CPA PA
Mission
THE FOUNDATIONS PURPOSE IS TO PROVIDE EDUCATIONAL SCHOLARSHIPS TO LESS FORTUNATE CHILDREN.
Program accomplishments
- EDUCATIONAL SCHOLARSHIPS: WE PROVIDE FINANCIAL EDUCATIONAL ASSISTANCE TO THE CHILDREN OF THE LESS FORTUNATE.
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 47-1076977
- 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
- 2017
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $3,349
- Income (IRS master file)
- $7,463
Revocation and reinstatement
- Exemption revoked
- May 15, 2017
- Posted by the IRS
- September 7, 2017
- Reinstated
- Effective August 15, 2017
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $7,463 | $6,146 | $3,349 | IRS |
| 990-EZ | December 2023 | $6,080 | $4,610 | $2,032 | XML |
| 990-EZ | December 2022 | $788 | $2,856 | $562 | XML |
| 990-N for 2021 Officer: Tom Newton | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Thomas Newton | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: TOM NEWTON | 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 47-1076977).
Questions about SALLY NEWTON MEMORIAL FOUNDATION
- What is the EIN of SALLY NEWTON MEMORIAL FOUNDATION?
- The employer identification number (EIN) of SALLY NEWTON MEMORIAL FOUNDATION is 47-1076977.
- Is SALLY NEWTON MEMORIAL FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2017 and reinstated it effective August 15, 2017.
- Are donations to SALLY NEWTON MEMORIAL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SALLY NEWTON MEMORIAL FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of SALLY NEWTON MEMORIAL 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 SALLY NEWTON MEMORIAL FOUNDATION 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 SALLY NEWTON MEMORIAL FOUNDATION?
- The 990-N for 2021 names Tom Newton.
- Who are the officers and directors of SALLY NEWTON MEMORIAL FOUNDATION?
- The 990-EZ for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
- How much revenue does SALLY NEWTON MEMORIAL FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $7,463, expenses of $6,146 and total assets of $3,349 at year end.
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