Nonprofit · EIN 54-1640087
CHARLES C POWELL FOUNDATION INC
Tax-exempt · STUART, VA 24171
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $114,390 | $22,934 | $91,456 | $2,991,122 | $78,683 | $2,912,439 |
| December 31, 2024 | 990 | $96,194 | $23,609 | $72,585 | $2,844,790 | $23,807 | $2,820,983 |
| December 31, 2023 | 990 | $59,793 | $21,491 | $38,302 | $2,747,065 | -$1,333 | $2,748,398 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $114,390
- Net gain from sales of assets
- $8
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $6,625
- Salaries, compensation and benefits (total)
- $6,625
- Professional fundraising fees
- $0
- Legal fees
- $152
- Accounting fees
- $15,575
- Travel
- $136
- Program services (functional)
- $582
- Management and general (functional)
- $22,352
Balance sheet and other
- Total assets, start of year
- $2,844,790
- Total assets, end of year
- $2,991,122
- Total liabilities, end of year
- $78,683
- Net assets, end of year
- $2,912,439
- Net assets without donor restrictions
- $2,912,439
- Gross receipts
- $404,911
- Employees
- 0
- Volunteers
- 5
- Year formed
- 1992
- 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 |
|---|---|---|---|
| CHRISTOPHER CORBETT | CHAIRMAN Trustee or director | 0.25 | $1,625 |
| JAMES CLEMENT | TREASURER Trustee or director | 0.25 | $1,625 |
| JUDY LACKS | TRUSTEE Trustee or director | 0.25 | $1,125 |
| DAVID HOBACK | TRUSTEE Trustee or director | 0.25 | $1,125 |
| BRAD SMITH | TRUSTEE Trustee or director | 0.25 | $1,125 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTOPHER CORBETT | CHAIRMAN Trustee or director | 0.25 | $1,750 |
| JAMES CLEMENT | TREASURER Trustee or director | 0.25 | $1,500 |
| JUDY LACKS | TRUSTEE Trustee or director | 0.25 | $1,500 |
| DAVID HOBACK | TRUSTEE Trustee or director | 0.25 | $1,250 |
| BRAD SMITH | TRUSTEE Trustee or director | 0.25 | $1,250 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTOPHER CORBETT | CHAIRMAN Trustee or director | 0.25 | $1,500 |
| JAMES CLEMENT | TREASURER Trustee or director | 0.25 | $1,000 |
| DAVID HOBACK | TRUSTEE Trustee or director | 0.25 | $1,000 |
| JUDY LACKS | TRUSTEE Trustee or director | 0.25 | $750 |
| BRAD SMITH | TRUSTEE Trustee or director | 0.25 | $750 |
Address and contacts
- Address (IRS master file)
- PO BOX 454, STUART, VA 24171-0454
- In care of
- % MARTIN F CLARK DIRECTOR
- Principal officer (990 for 2025)
- CHRIS CORBETT, PO BOX 1270, STUART, VA 24171
- Signed the 990
- CHRISTOPHER A CORBETT, CHAIRMAN
- Phone
- (276) 694-4999
- Return prepared by
- Jessup & Associates PLC
Mission
PROVIDING STUDENT LOANS
Program accomplishments
- DURING THE YEAR 14 STUDENTS WERE PROVIDED LOANS. A SCHEDULE OF RECIPIENTS IS ATTACHED. THE TOTAL AMOUNT OF LOANS PROVIDED WERE $70,000.Expenses $582
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
- 54-1640087
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Suspense
- Donations deductible (Pub 78)
- Charity of unknown status, 50% limit
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,991,122
- Income (IRS master file)
- $404,911
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $114,390 | $22,934 | $2,991,122 | XML |
| 990 | December 2024 | $96,194 | $23,609 | $2,844,790 | XML |
| 990 | December 2023 | $59,793 | $21,491 | $2,747,065 | XML |
| 990 | December 2022 | $129,085 | $27,389 | $2,682,143 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 54-1640087).
Questions about CHARLES C POWELL FOUNDATION INC
- What is the EIN of CHARLES C POWELL FOUNDATION INC?
- The employer identification number (EIN) of CHARLES C POWELL FOUNDATION INC is 54-1640087.
- Is CHARLES C POWELL FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to CHARLES C POWELL FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Charity of unknown status, 50% limit).
- Which annual return does CHARLES C POWELL 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 CHARLES C POWELL 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 CHARLES C POWELL FOUNDATION INC 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 CHARLES C POWELL FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names CHRIS CORBETT.
- Who are the officers and directors of CHARLES C POWELL FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 5 people; 5 received compensation from the organization, the highest $1,625 (CHRISTOPHER CORBETT, CHAIRMAN).
- How much revenue does CHARLES C POWELL FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $114,390, expenses of $22,934 and total assets of $2,991,122 at year end.
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