Nonprofit · EIN 54-1721199
NORFOLK COMMUNITY TR EXEMPT FUND
Tax-exempt (reinstated) · NORFOLK, VA 23513
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $62,431 | $26,518 | $35,913 | $1,132,330 | $0 | $1,132,330 |
| June 30, 2024 | 990 | $35,902 | $32,051 | $3,851 | $1,049,464 | $0 | $1,049,464 |
| June 30, 2023 | 990 | $30,375 | $16,688 | $13,687 | $981,308 | $0 | $981,308 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $292
- Program service revenue
- $0
- Investment income
- $62,139
- Net gain from sales of assets
- $36,480
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $18,200
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,800
- Program services (functional)
- $18,200
- Management and general (functional)
- $8,318
Balance sheet and other
- Total assets, start of year
- $1,049,464
- Total assets, end of year
- $1,132,330
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,132,330
- Publicly traded securities
- $1,029,229
- Gross receipts
- $344,886
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1993
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SAMUEL J WEBSTER | TRUSTEE Trustee or director, Officer | 0.4 | $0 |
| WILLIAM A PRINCE | TRUSTEE Trustee or director | 0.2 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SAMUEL J WEBSTER | TRUSTEE Trustee or director, Officer | 0.4 | $0 |
| RANDY L FREEMAN | TRUSTEE Trustee or director | 0.1 | $0 |
| PATRICIA A MACKEIL | TRUSTEE Trustee or director | 0.1 | $0 |
| WILLIAM A PRINCE | TRUSTEE Trustee or director | 0.2 | $0 |
| THOMAS S WEAVER | TRUSTEE Trustee or director | 0.1 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SAMUEL J WEBSTER | TRUSTEE Trustee or director, Officer | 0.4 | $0 |
| RANDY L FREEMAN | TRUSTEE Trustee or director | 0.1 | $0 |
| PATRICIA A MACKEIL | TRUSTEE Trustee or director | 0.1 | $0 |
| WILLIAM A PRINCE | TRUSTEE Trustee or director | 0.2 | $0 |
| THOMAS S WEAVER | TRUSTEE Trustee or director | 0.1 | $0 |
Address and contacts
- Address (IRS master file)
- 7447 CENTRAL BUSINESS PARK DR, NORFOLK, VA 23513-2867
- In care of
- % ITS TRUSTEES
- Mailing address (990-N for 2017)
- 225 W Olney Rd, Norfolk VA 23510
- Principal officer (990 for 2024)
- WILLIAM PRINCE, 7447 CENTRAL BUSINESS PARK DRI, NORFOLK, VA 23513
- Principal officer (990-N for 2017)
- Samuel J Webster, 225 W Olney Rd, Norfolk VA 23510
- Signed the 990
- WILLIAM PRINCE, TRUSTEE
- Phone
- (757) 756-5600
- Return prepared by
- AMG NATIONAL TRUST BANK
Mission
THE TRUST IS ORGANIZED TO SUPPORT THE PURPOSES OF THE NORFOLK COMMUNITY SERVICES BOARD (NCSB), A DEPARTMENT OF THE CITY OF NORFOLK.
Program accomplishments
- A GRANT TO NCSB FOR ITS HOMELESS SERVICES, SPECIFICIALLY FOR THE FOOD PANTRY.Expenses $18,200 · grants $18,200
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 54-1721199
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2014
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P12)
- Assets (IRS master file)
- $1,132,330
- Income (IRS master file)
- $344,886
Revocation and reinstatement
- Exemption revoked
- November 15, 2010
- Posted by the IRS
- June 9, 2011
- Reinstated
- Effective November 15, 2010
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $62,431 | $26,518 | $1,132,330 | XML |
| 990 | June 2024 | $35,902 | $32,051 | $1,049,464 | XML |
| 990 | June 2023 | $30,375 | $16,688 | $981,308 | XML |
| 990 | June 2022 | $51,104 | $14,169 | $919,199 | IRS |
| 990 | June 2021 | $36,557 | $9,575 | $1,043,049 | IRS |
| 990-N for 2017 Officer: Samuel J Webster | June 30, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
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 54-1721199).
Questions about NORFOLK COMMUNITY TR EXEMPT FUND
- What is the EIN of NORFOLK COMMUNITY TR EXEMPT FUND?
- The employer identification number (EIN) of NORFOLK COMMUNITY TR EXEMPT FUND is 54-1721199.
- Is NORFOLK COMMUNITY TR EXEMPT FUND tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2010 and reinstated it effective November 15, 2010.
- Are donations to NORFOLK COMMUNITY TR EXEMPT FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does NORFOLK COMMUNITY TR EXEMPT FUND 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 NORFOLK COMMUNITY TR EXEMPT FUND due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NORFOLK COMMUNITY TR EXEMPT FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NORFOLK COMMUNITY TR EXEMPT FUND?
- The 990 for the year ended June 30, 2025 names WILLIAM PRINCE.
- Who are the officers and directors of NORFOLK COMMUNITY TR EXEMPT FUND?
- The 990 for the year ended June 30, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does NORFOLK COMMUNITY TR EXEMPT FUND have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $62,431, expenses of $26,518 and total assets of $1,132,330 at year end.
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