Nonprofit · EIN 47-5478991
PROMISE FOUNDATION OF BARBOUR COUNTY INC
Tax-exempt · PHILIPPI, WV 26416
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,506 | $112,925 | -$110,419 | $1,968,075 | $657,595 | $1,310,480 |
| December 31, 2023 | 990 | $10,662 | $122,797 | -$112,135 | $2,212,091 | $791,192 | $1,420,899 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,271
- Investment income
- $0
- Other revenue
- $235
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
- Occupancy
- $8,869
- Depreciation
- $54,962
- Program services (functional)
- $112,325
- Management and general (functional)
- $600
Balance sheet and other
- Total assets, start of year
- $2,212,091
- Total assets, end of year
- $1,968,075
- Total liabilities, end of year
- $657,595
- Net assets, end of year
- $1,310,480
- Land, buildings and equipment
- $1,595,077
- Gross receipts
- $2,506
- Employees
- 0
- Year formed
- 2016
- State of legal domicile
- WV
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 |
|---|---|---|---|
| WILL GREGORY | President Trustee or director, Officer | 10 | $0 |
| EDDIE VINCENT | Vice President Trustee or director, Officer | 5 | $0 |
| NICK MAYLE | Secretary Trustee or director, Officer | 5 | $0 |
| ADAM STARKS | Treasurer Trustee or director, Officer | 5 | $0 |
| BRIAN TALBOTT | Officer at Larg Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILL GREGORY | President Trustee or director, Officer | 10 | $0 |
| EDDIE VINCENT | Vice President Trustee or director, Officer | 5 | $0 |
| NICK MAYLE | Secretary Trustee or director, Officer | 5 | $0 |
| ADAM STARKS | Treasurer Trustee or director, Officer | 5 | $0 |
| BRIAN TALBOTT | Officer at Larg Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 370, PHILIPPI, WV 26416-0370
- In care of
- % JEFFREY GOFF
- Principal officer (990 for 2024)
- WILL GREGORY, PO BOX 370, PHILIPPI, WV 26416
- Signed the 990
- WILL GREGORY, President
- Phone
- (304) 614-2630
- Website
- promisefoundationbc.org
- Return prepared by
- Lakes Bookkeeping & Taxes LLC
Mission
PROMOTE PHYSICAL FITNESS AND ACTIVE LIFESTYLE TO RESIDENTS OF COUNTY BY CONSTRUCTING AN ATHLETIC COMPLEX. AFTER CONSTRUCTION, FOUNDATION WILL MAINTAIN AND MANAGE FACILITYN FOR COMMUNITY USE AND ENJOYMENT.
Program accomplishments
- CONSTRUCT, MAINTAIN AND MANAGE AN ATHLETIC FACILITY FOR COMMUNITY ENJOYMENT. FACILITY USED FOR SCHOOL ACTIVITIES FROM WHICH ADMISSION FEES AND SPONSORSHIP PROVIDE REVENUE TO MANAGE AND MAINTAIN THE FACILITY. ORGANIZATION ALSO PROVIDES THE LOCATION FOR MANY COMMUNITY ACTIVITIES AND YOUTH SPORTS PROGRAMS.Expenses $112,325 · revenue $2,506
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
- 47-5478991
- 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
- 2016
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Human services (P28)
- Assets (IRS master file)
- $1,968,075
- Income (IRS master file)
- $2,506
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,506 | $112,925 | $1,968,075 | XML |
| 990 | December 2023 | $10,662 | $122,797 | $2,212,091 | XML |
| 990 | December 2022 | $8,631 | $129,470 | $2,456,575 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 47-5478991).
Questions about PROMISE FOUNDATION OF BARBOUR COUNTY INC
- What is the EIN of PROMISE FOUNDATION OF BARBOUR COUNTY INC?
- The employer identification number (EIN) of PROMISE FOUNDATION OF BARBOUR COUNTY INC is 47-5478991.
- Is PROMISE FOUNDATION OF BARBOUR COUNTY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to PROMISE FOUNDATION OF BARBOUR COUNTY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROMISE FOUNDATION OF BARBOUR COUNTY INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of PROMISE FOUNDATION OF BARBOUR COUNTY 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 PROMISE FOUNDATION OF BARBOUR COUNTY 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 PROMISE FOUNDATION OF BARBOUR COUNTY INC?
- The 990 for the year ended December 31, 2024 names WILL GREGORY.
- Who are the officers and directors of PROMISE FOUNDATION OF BARBOUR COUNTY INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does PROMISE FOUNDATION OF BARBOUR COUNTY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,506, expenses of $112,925 and total assets of $1,968,075 at year end.
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