Nonprofit · EIN 54-1589718
NORFOLK NAVAL BASE & CITY OF NORFOL REC AND WELFARE PERPETUAL FUND INC
Tax-exempt · NORFOLK, VA 23510
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $19,551 | $9,343 | $10,208 | $1,000,746 | $5,092 | $995,654 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $19,551
- Net gain from sales of assets
- -$1,862
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $5,094
- Management and general (functional)
- $9,343
Balance sheet and other
- Total assets, start of year
- $965,128
- Total assets, end of year
- $1,000,746
- Total liabilities, end of year
- $5,092
- Net assets, end of year
- $995,654
- Publicly traded securities
- $958,853
- Net assets without donor restrictions
- $995,654
- Gross receipts
- $24,057
- Employees
- 0
- Year formed
- 1991
- 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, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TED BAROUDY | VICE-PRESIDE Trustee or director, Officer | – | $0 |
| DOUGLAS J BEAVER | CHAIRMAN Trustee or director, Officer | – | $0 |
| KAREN FRANKLIN | TREASURER Trustee or director, Officer | – | $0 |
| EDWARD ULLOM III | PRESIDENT Trustee or director, Officer | – | $0 |
| KRISTI SINCLAIR | SECRETARY Trustee or director, Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- US DISTRICT CT600 GRANBY ST200, NORFOLK, VA 23510-0000
- In care of
- % W LINDLEY
- Mailing address (990-N for 2025)
- US DISTRICT CT600 GRANBY ST200, NORFOLK VA 23510
- Principal officer (990 for 2023)
- KAREN FRANKLIN, US DISTRICT COURT 600 GRANBY ST, NORFOLK, VA 23510
- Principal officer (990-N for 2025)
- KAREN FRANKLIN, US DISTRICT COURT 600 GRANBY ST, NORFOLK VA 23510
- Signed the 990
- KAREN FRANKLIN, TREASURER
- Phone
- (757) 222-7300
- Return prepared by
- SHERMAN SPERO SAFARINO & CO CPAS PC
Mission
THE NORFOLK NAVAL BASE & CITY OF NORFOLK RECREATION & WELLFARE PERPETUAL FUND, INC. IS A TAX EXEMPT ORGANIZATION PERSUANT TO AN ORDER OF THE US DISTRICT COURT FOR THE EASTERN US. THE FUND WAS CREATED FOR THE PURPOSE OF PROVIDING MEANINGFUL ENTERTAINMENT, DINING, & RECREATIONAL EXPERIENCES FOR THE DESERVING MEMBERS OF THE US NAVY IN THE CITY OF NORFOLK, VIRGINIA.
Program accomplishments
- THE NORFOLK NAVAL BASE & CITY OF NORFOLK RECREATION & WELLFARE PERPETUAL FUND, INC. IS A TAX EXEMPT ORGANIZATION PERSUANT TO AN ORDER OF THE US DISTRICT COURT FOR THE EASTERN US. THE FUND WAS CREATED FOR THE PURPOSE OF PROVIDING MEANINGFUL ENTERTAINMENT, DINING, & RECREATIONAL EXPERIENCES FOR THE DESERVING MEMBERS OF THE US NAVY IN THE CITY OF NORFOLK, VIRGINIA. FUNDING FOR THE INITIAL CAPITAL ADDITION WAS PROVIDED BY COCA-COLA ENTERPRISES, INC. RECIPIENTS OF THE FUND AWARD PACKAGES ARE CHOSEN BY THEIR RESPECTIVE MILITARY COMMANDS AND ARE ABLE TO SELECT AN AWARD PACKAGE FROM A WIDE VARIETY OF THE BEST ENTERTAINMENT, DINING, AND RECREATION IN NORFOLK, VIRGINIA.
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 | 990-N on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-N on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 54-1589718
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1991
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2025 Officer: KAREN FRANKLIN | December 31, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2024 Officer: KAREN FRANKLIN | December 31, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2023 | $19,551 | $9,343 | $1,000,746 | XML |
| 990 | December 2022 | $19,170 | $7,177 | $965,128 | 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 54-1589718).
Questions about NORFOLK NAVAL BASE & CITY OF NORFOL REC AND WELFARE PERPETUAL FUND INC
- What is the EIN of NORFOLK NAVAL BASE & CITY OF NORFOL REC AND WELFARE PERPETUAL FUND INC?
- The employer identification number (EIN) of NORFOLK NAVAL BASE & CITY OF NORFOL REC AND WELFARE PERPETUAL FUND INC is 54-1589718.
- Is NORFOLK NAVAL BASE & CITY OF NORFOL REC AND WELFARE PERPETUAL FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1991.
- Are donations to NORFOLK NAVAL BASE & CITY OF NORFOL REC AND WELFARE PERPETUAL FUND INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NORFOLK NAVAL BASE & CITY OF NORFOL REC AND WELFARE PERPETUAL FUND INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of NORFOLK NAVAL BASE & CITY OF NORFOL REC AND WELFARE PERPETUAL FUND 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 NORFOLK NAVAL BASE & CITY OF NORFOL REC AND WELFARE PERPETUAL FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2025 for the year ended December 31, 2025.
- Who is the principal officer of NORFOLK NAVAL BASE & CITY OF NORFOL REC AND WELFARE PERPETUAL FUND INC?
- The 990 for the year ended December 31, 2023 names KAREN FRANKLIN.
- Who are the officers and directors of NORFOLK NAVAL BASE & CITY OF NORFOL REC AND WELFARE PERPETUAL FUND INC?
- The 990 for the year ended December 31, 2023 lists 5 people; 0 received compensation from the organization.
- How much revenue does NORFOLK NAVAL BASE & CITY OF NORFOL REC AND WELFARE PERPETUAL FUND INC have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $19,551, expenses of $9,343 and total assets of $1,000,746 at year end.
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