Nonprofit · EIN 47-2754436
ROANOKE CULTURAL ENDOWMENT
Tax-exempt · ROANOKE, VA 24002
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,071,562 | $173,248 | $898,314 | $6,866,829 | $1,995 | $6,864,834 |
| December 31, 2023 | 990 | $758,656 | $122,261 | $636,395 | $5,602,288 | $1,925 | $5,600,363 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $759,080
- of which government grants
- $200,000
- Program service revenue
- $0
- Investment income
- $312,482
- Net gain from sales of assets
- $186,223
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $52,500
- Other salaries and wages
- $30,542
- Salaries, compensation and benefits (total)
- $89,426
- Professional fundraising fees
- $0
- Accounting fees
- $3,600
- Travel
- $165
- Management and general (functional)
- $83,829
- Fundraising (functional)
- $89,419
Balance sheet and other
- Total assets, start of year
- $5,602,288
- Total assets, end of year
- $6,866,829
- Total liabilities, end of year
- $1,995
- Net assets, end of year
- $6,864,834
- Publicly traded securities
- $5,934,987
- Net assets without donor restrictions
- $1,856,498
- Net assets with donor restrictions
- $5,008,336
- Gross receipts
- $1,531,175
- Employees
- 2
- Year formed
- 2015
- 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 |
|---|---|---|---|
| SHALEEN POWELL | Executive Dir. Trustee or director, Officer | 20 | $52,500 |
| J DAVID WINE | President Trustee or director, Officer | 0.5 | $0 |
| KATHERINE FRALIN WALKER | Secretary Trustee or director, Officer | 0.5 | $0 |
| LUCAS L THORNTON | Treasurer Trustee or director, Officer | 1 | $0 |
| KATHERINE L STRICKLAND | BOARD MEMBER Trustee or director | 0.5 | $0 |
| SARAH TUNE DOHERTY | BOARD MEMBER Trustee or director | 0.5 | $0 |
| WILLIAM D ELLIOT | BOARD MEMBER Trustee or director | 0.5 | $0 |
| NANCY O GRAY | BOARD MEMBER Trustee or director | 0.5 | $0 |
| SHERMAN P LEA JR | BOARD MEMBER Trustee or director | 0.5 | $0 |
| DAVID TRINKLE | BOARD MEMBER Trustee or director | 0.5 | $0 |
| VICTORIA THORNTON | BOARD MEMBER Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHALEEN POWELL | Executive Dir. Trustee or director, Officer | 20 | $40,000 |
| J DAVID WINE | President Trustee or director, Officer | 0.5 | $0 |
| KATHERINE FRALIN WALKER | Secretary Trustee or director, Officer | 0.5 | $0 |
| LUCAS L THORNTON | Treasurer Trustee or director, Officer | 1 | $0 |
| KATHERINE L STRICKLAND | BOARD MEMBER Trustee or director | 0.5 | $0 |
| SARAH TUNE DOHERTY | BOARD MEMBER Trustee or director | 0.5 | $0 |
| WILLIAM D ELLIOT | BOARD MEMBER Trustee or director | 0.5 | $0 |
| NANCY O GRAY | BOARD MEMBER Trustee or director | 0.5 | $0 |
| SHERMAN P LEA JR | BOARD MEMBER Trustee or director | 0.5 | $0 |
| DAVID TRINKLE | BOARD MEMBER Trustee or director | 0.5 | $0 |
| VICTORIA THORNTON | BOARD MEMBER Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 22, ROANOKE, VA 24002-0022
- Principal officer (990 for 2024)
- SHALEEN POWELL, PO BOX 22, ROANOKE, VA 240020022
- Signed the 990
- SHALEEN POWELL, Executive Dir.
- Phone
- (540) 588-7489
- Website
- roanokeculturalendowment.org
- Return prepared by
- Foti Flynn Lowen & Co PC
Mission
THE ORGANIZATION'S MISSION IS TO CULTIVATE A LEGACY OF STABILITY, ENGAGEMENT, AND VITALITY FOR ARTS AND CULTURES IN THE CITY OF ROANOKE THROUGH GRANT MAKING. THROUGH A STRATEGIC PARTNERSHIP WITH THE CITY OF ROANOKE, THE ORGANIZATION WILL PROVIDE A SUSTAINABLE REVENUE SOURCE FOR ARTS AND CULTURAL ORGANIZATIONS IN THE CITY OF ROANOKE.
Program accomplishments
- THE ORGANIZATION IS CURRENTLY RAISING FUNDS TO ACHIEVE ITS GOAL OF SECURING $20 MILLION IN FUNDING TO PROVIDE SUPPORT TO ARTS AND CULTURAL ORGANIZATIONS IN THE CITY OF ROANOKE.
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 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 | Check at the IRS |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-2754436
- 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
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A12)
- Assets (IRS master file)
- $8,508,015
- Income (IRS master file)
- $1,436,652
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,071,562 | $173,248 | $6,866,829 | XML |
| 990 | December 2023 | $758,656 | $122,261 | $5,602,288 | XML |
| 990 | December 2022 | $1,052,972 | $165,495 | $4,507,686 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | 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 47-2754436).
Questions about ROANOKE CULTURAL ENDOWMENT
- What is the EIN of ROANOKE CULTURAL ENDOWMENT?
- The employer identification number (EIN) of ROANOKE CULTURAL ENDOWMENT is 47-2754436.
- Is ROANOKE CULTURAL ENDOWMENT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to ROANOKE CULTURAL ENDOWMENT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ROANOKE CULTURAL ENDOWMENT 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 ROANOKE CULTURAL ENDOWMENT due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ROANOKE CULTURAL ENDOWMENT 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 ROANOKE CULTURAL ENDOWMENT?
- The 990 for the year ended December 31, 2024 names SHALEEN POWELL.
- Who are the officers and directors of ROANOKE CULTURAL ENDOWMENT?
- The 990 for the year ended December 31, 2024 lists 11 people; 1 received compensation from the organization, the highest $52,500 (SHALEEN POWELL, Executive Dir.).
- How much revenue does ROANOKE CULTURAL ENDOWMENT have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,071,562, expenses of $173,248 and total assets of $6,866,829 at year end.
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