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Nonprofit · EIN 47-5643080

MARCOTTE FAMILY FOUNDATION INC

Tax-exempt · ASHEVILLE, NC 28804

Financials

$537K$365K2023$400K$376K2024$1.8M$404K2025
Revenue Expenses · by fiscal year end
Financials of MARCOTTE FAMILY FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$1,789,665$404,326$1,385,339$6,308,972$0$6,308,972
December 31, 2024990-PF$399,645$376,383$23,262$5,738,075$0$5,738,075
December 31, 2023990-PF$537,186$364,819$172,367$5,825,942$0$5,825,942
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$1,001,689
Dividends
$127,428
Interest
$45,958
Net gain from sales of assets
$614,590

Expenses

Grants and similar amounts paid
$362,341
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$363,941
Excise tax on investment income
$10,397

Balance sheet and other

Total assets, start of year
$5,738,075
Total assets, end of year
$6,308,972
Total liabilities, end of year
$0
Net assets, end of year
$6,308,972
Fair market value of assets
$9,348,161
Qualifying distributions
$363,941
Net investment income
$787,976

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-PF for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
RICHARD J MARCOTTE
305 TOWN MOUNTAIN ROAD, ASHEVILLE, NC 28804
DIRECTOR/PRESIDENT/TREASURER2$0
CAROLE E MARCOTTE
305 TOWN MOUNTAIN ROAD, ASHEVILLE, NC 28804
DIRECTOR/VP/SECRETARY2$0
990-PF for the year ended December 31, 2024: 2 people
NameTitleHours / weekCompensation
RICHARD J MARCOTTE
305 TOWN MOUNTAIN ROAD, ASHEVILLE, NC 28804
DIRECTOR/PRESIDENT/TREASURER2$0
CAROLE E MARCOTTE
305 TOWN MOUNTAIN ROAD, ASHEVILLE, NC 28804
DIRECTOR/VP/SECRETARY2$0
990-PF for the year ended December 31, 2023: 2 people
NameTitleHours / weekCompensation
RICHARD J MARCOTTE
305 TOWN MOUNTAIN ROAD, ASHEVILLE, NC 28804
DIRECTOR/PRESIDENT/TREASURER2$0
CAROLE E MARCOTTE
305 TOWN MOUNTAIN ROAD, ASHEVILLE, NC 28804
DIRECTOR/VP/SECRETARY2$0

Address and contacts

Address (IRS master file)
305 TOWN MOUNTAIN RD, ASHEVILLE, NC 28804-3837
Signed the 990-PF
RICHARD J MARCOTTE, PRESIDENT
Phone
(919) 696-8110
Return prepared by
SCHMITZ RINI & DAVIS PLLC

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
47-5643080
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
2016
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$6,308,972
Income (IRS master file)
$2,811,057

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$1,789,665$404,326$6,308,972XML
990-PFDecember 2024$399,645$376,383$5,738,075XML
990-PFDecember 2023$537,186$364,819$5,825,942XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 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 47-5643080).

Questions about MARCOTTE FAMILY FOUNDATION INC

What is the EIN of MARCOTTE FAMILY FOUNDATION INC?
The employer identification number (EIN) of MARCOTTE FAMILY FOUNDATION INC is 47-5643080.
Is MARCOTTE FAMILY FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
Are donations to MARCOTTE FAMILY FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does MARCOTTE FAMILY FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of MARCOTTE FAMILY FOUNDATION INC 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 MARCOTTE FAMILY FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2025.
Who are the officers and directors of MARCOTTE FAMILY FOUNDATION INC?
The 990-PF for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
How much revenue does MARCOTTE FAMILY FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $1,789,665, expenses of $404,326 and total assets of $6,308,972 at year end.

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