Nonprofit · EIN 52-2168471
KERNSVILLE FOUNDATION INC
Tax-exempt · KERNERSVILLE, NC 27285
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $690,192 | $503,541 | $186,651 | $3,559,075 | $0 | $3,559,075 |
| December 31, 2023 | 990 | $67,894 | $473,519 | -$405,625 | $3,224,651 | $0 | $3,224,651 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $385,340
- of which government grants
- $100,000
- Program service revenue
- $0
- Investment income
- $304,852
- Net gain from sales of assets
- $229,567
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $455,689
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $5,250
- Program services (functional)
- $455,689
- Management and general (functional)
- $47,852
Balance sheet and other
- Total assets, start of year
- $3,224,651
- Total assets, end of year
- $3,559,075
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,559,075
- Land, buildings and equipment
- $52,756
- Publicly traded securities
- $2,932,751
- Net assets without donor restrictions
- $1,245,317
- Net assets with donor restrictions
- $2,313,758
- Gross receipts
- $1,511,509
- Employees
- 0
- Volunteers
- 20
- Year formed
- 1999
- State of legal domicile
- NC
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 |
|---|---|---|---|
| JEFF TAYLOR | PRESIDENT | – | $0 |
| JAMES BLAND | VICE-PRESIDENT | – | $0 |
| DONA NEAL | TREASURER | – | $0 |
| JASON GRUBS | SECRETARY | – | $0 |
| OVERTON HARPER | DIRECTOR | – | $0 |
| RON GREENE | DIRECTOR | – | $0 |
| CHARLES BUG | DIRECTOR | – | $0 |
| CHRIS OAKMAN | DIRECTOR | – | $0 |
| DARRELL WALKER | DIRECTOR | – | $0 |
| ROY COLLETTE | DIRECTOR | – | $0 |
| DUANE LONG | DIRECTOR | – | $0 |
| PAM RAY | DIRECTOR | – | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFF TAYLOR | PRESIDENT | – | $0 |
| JAMES BLAND | VICE-PRESIDENT | – | $0 |
| DONA NEAL | TREASURER | – | $0 |
| JASON GRUBS | SECRETARY | – | $0 |
| OVERTON HARPER | DIRECTOR | – | $0 |
| RON GREENE | DIRECTOR | – | $0 |
| CHARLES BUG | DIRECTOR | – | $0 |
| CHRIS OAKMAN | DIRECTOR | – | $0 |
| DARRELL WALKER | DIRECTOR | – | $0 |
| ROY COLLETTE | DIRECTOR | – | $0 |
| DUANE LONG | DIRECTOR | – | $0 |
| PAM RAY | DIRECTOR | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 921, KERNERSVILLE, NC 27285-0921
- In care of
- % ARNOLD KING
- Principal officer (990 for 2024)
- DONA NEAL, P O BOX 921, KERNERSVILLE, NC 27284
- Signed the 990
- DONA NEAL, TREASURER
- Phone
- (336) 908-5464
- Return prepared by
- SUNTERCPA PLLC
Mission
TO MAKE CONTRIBUTIONS TO CHARITABLE ORGANIZATIONS, COMUNITY PROJECTS
Program accomplishments
- GRANTS AND SUPPORT FOR LOCAL COMMUNITY PROJECTS OF LOCAL COMMUNITY GROUPS, LOCAL RELIGOUS GROUPS AND MINISTRIES, AND LOCAL HISTORIC GROUPS.Expenses $455,689
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 | 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
- 52-2168471
- 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
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A11)
- Assets (IRS master file)
- $3,559,075
- Income (IRS master file)
- $1,511,509
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $690,192 | $503,541 | $3,559,075 | IRS |
| 990 | December 2023 | $67,894 | $473,519 | $3,224,651 | XML |
| 990 | December 2022 | -$77,821 | $222,675 | $3,240,112 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 52-2168471).
Questions about KERNSVILLE FOUNDATION INC
- What is the EIN of KERNSVILLE FOUNDATION INC?
- The employer identification number (EIN) of KERNSVILLE FOUNDATION INC is 52-2168471.
- Is KERNSVILLE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to KERNSVILLE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KERNSVILLE FOUNDATION INC 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 KERNSVILLE FOUNDATION 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 KERNSVILLE FOUNDATION 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 KERNSVILLE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names DONA NEAL.
- Who are the officers and directors of KERNSVILLE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
- How much revenue does KERNSVILLE FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $690,192, expenses of $503,541 and total assets of $3,559,075 at year end.
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All nonprofits in KERNERSVILLE · North Carolina · Arts, culture and humanities