Nonprofit · EIN 54-0788156
5480 CLUB INCORPORATED
Tax-exempt · NEWPORT NEWS, VA 23606
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $153,091 | $151,809 | $1,282 | $1,345,017 | $0 | $1,345,017 |
| December 31, 2024 | 990 | $161,790 | $153,455 | $8,335 | $1,343,735 | $0 | $1,343,735 |
| December 31, 2023 | 990 | $169,300 | $167,800 | $1,500 | $1,335,400 | $0 | $1,335,400 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $40,000
- Net rental income
- $113,091
- Other revenue
- $113,091
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
- $51,239
Balance sheet and other
- Total assets, start of year
- $1,343,735
- Total assets, end of year
- $1,345,017
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,345,017
- Publicly traded securities
- $1,337,987
- Gross receipts
- $246,050
- Employees
- 0
- Volunteers
- 600
- Year formed
- 1970
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| James Obrien | Trustee Trustee or director | 1 | $0 |
| Joseph Drozdowski | Trustee Trustee or director | 8 | $0 |
| Carroll Kelley | Trustee Trustee or director | 8 | $0 |
| Steve Taylor | Trustee Institutional trustee | 16 | $0 |
| Kevin Konouck | Immediate Past President Officer | 8 | $0 |
| Jesse Powell | President Officer | 8 | $0 |
| Harold Hairston | Secretary Officer | 8 | $0 |
| John Edwards | Treasurer Officer | 8 | $0 |
| Rick Schirm | Vice President Officer | 8 | $0 |
| Patrick McFadden | Council Represntative Officer | 1 | $0 |
| Steve Chipman | Assembly Representative Officer | 1 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Steve Taylor | Trustee Trustee or director | 1 | $0 |
| Joseph Drozdowski | Trustee Trustee or director | 1 | $0 |
| Carroll Kelley | Trustee Trustee or director | 1 | $0 |
| James Obrien | Trustee Trustee or director | 1 | $0 |
| Kevin Konouck | President Officer | 2 | $0 |
| Jesse Powell | Vice President Officer | 2 | $0 |
| Harold Hairston | Secretary Officer | 2 | $0 |
| John Edwards | Treasurer Officer | 2 | $0 |
| Bernard Gerlach | Immediate Past President Officer | 1 | $0 |
| Ted Mauch | Council Represntative Officer | 1 | $0 |
| Steve Taylor | Assembly Representative Officer | 1 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Samuel Cotton | Trustee Trustee or director | 1 | $0 |
| William Johnson | Trustee Trustee or director | 1 | $0 |
| Steve Taylor | Trustee Trustee or director | 1 | $0 |
| Joseph Drozdowski | Trustee Trustee or director | 1 | $0 |
| Carroll Kelley | Trustee Institutional trustee | 1 | $0 |
| James Obrien | Trustee Institutional trustee | 1 | $0 |
| Bernard Gerlach | Immediate Past President Officer | 1 | $0 |
| John Edwards | Council Represntative Officer | 1 | $0 |
| Steve Taylor | Assembly Representative Officer | 1 | $0 |
| Jesse Powell | Vice President Officer | 5 | $0 |
| Kevin Konouck | President Officer | 5 | $0 |
| Harold Hairston | Secretary Officer | 5 | $0 |
| John Edwards | Treasurer Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 100 COLUMBUS WAY, NEWPORT NEWS, VA 23606-1279
- Principal officer (990 for 2025)
- Lowell Jesse Powell, 100 Columbus Way, Newport News, VA 23606
- Signed the 990
- John Edwards, Treasurer
- Phone
- (757) 930-0491
Mission
We are a holding company for Knights of Columbus Council 5480. We provide facilities and funds for the Council and the City of Newport News.
Program accomplishments
- Provide facilities for Council 5480 charitable activities.
- Provide facilities for City of Newport News voting events.
- Provide funds to supplement Council 5480 charitable events
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 | 990 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
- 54-0788156
- Tax-exempt status
- 501(c)(2): Title-holding corporation
- Donations deductible
- No
- Exempt since
- 1967
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,345,017
- Income (IRS master file)
- $246,050
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $153,091 | $151,809 | $1,345,017 | IRS |
| 990 | December 2024 | $161,790 | $153,455 | $1,343,735 | IRS |
| 990 | December 2023 | $169,300 | $167,800 | $1,335,400 | XML |
| 990 | December 2022 | $38,190 | $114,210 | $1,313,143 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 54-0788156).
Questions about 5480 CLUB INCORPORATED
- What is the EIN of 5480 CLUB INCORPORATED?
- The employer identification number (EIN) of 5480 CLUB INCORPORATED is 54-0788156.
- Is 5480 CLUB INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(2) since 1967.
- Are donations to 5480 CLUB INCORPORATED tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does 5480 CLUB INCORPORATED 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 5480 CLUB INCORPORATED 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 5480 CLUB INCORPORATED last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of 5480 CLUB INCORPORATED?
- The 990 for the year ended December 31, 2025 names Lowell Jesse Powell.
- Who are the officers and directors of 5480 CLUB INCORPORATED?
- The 990 for the year ended December 31, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does 5480 CLUB INCORPORATED have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $153,091, expenses of $151,809 and total assets of $1,345,017 at year end.
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