Nonprofit · EIN 54-2036534
TOWNEBANK FOUNDATION
Tax-exempt · SUFFOLK, VA 23435
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $11,973,465 | $9,065,216 | $2,908,249 | $19,983,840 | $0 | $19,983,840 |
| December 31, 2023 | 990-PF | $8,053,248 | $8,042,197 | $11,051 | $17,075,591 | $0 | $17,075,591 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $8,796,609
- Dividends
- $550,727
- Interest
- $128,713
- Net gain from sales of assets
- $2,033,359
- Other income
- $464,057
Expenses
- Grants and similar amounts paid
- $8,330,131
- Compensation of officers, directors and key employees
- $25,000
- Disbursements for charitable purposes
- $8,330,131
- Excise tax on investment income
- $36,932
Balance sheet and other
- Total assets, start of year
- $17,075,591
- Total assets, end of year
- $19,983,840
- Total liabilities, end of year
- $0
- Net assets, end of year
- $19,983,840
- Fair market value of assets
- $30,442,470
- Qualifying distributions
- $8,330,131
- Net investment income
- $2,744,020
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBYN S LEAVY 6001 HARBOUR VIEW BLVD, SUFFOLK, VA 23435 | EXECUTIVE DI | 8 | $25,000 |
| G ROBERT ASTON JR 6001 HARBOUR VIEW BLVD, SUFFOLK, VA 23435 | PRESIDENT & | 2 | $0 |
| J MORGAN DAVIS 6001 HARBOUR VIEW BLVD, SUFFOLK, VA 23435 | VP & DIRECTO | 2 | $0 |
| WILLIAM T HODSDEN 6001 HARBOUR VIEW BLVD, SUFFOLK, VA 23435 | SECRETARY & | 2 | $0 |
| R SCOTT MORGAN 6001 HARBOUR VIEW BLVD, SUFFOLK, VA 23435 | TREASURER & | 2 | $0 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBYN S LEAVY 6001 HARBOUR VIEW BLVD, SUFFOLK, VA 23435 | EXECUTIVE DI | 8 | $25,000 |
| G ROBERT ASTON JR 6001 HARBOUR VIEW BLVD, SUFFOLK, VA 23435 | PRESIDENT | 2 | $0 |
| J MORGAN DAVIS 6001 HARBOUR VIEW BLVD, SUFFOLK, VA 23435 | VP & DIRECTO | 2 | $0 |
| WILLIAM T HODSDEN 6001 HARBOUR VIEW BLVD, SUFFOLK, VA 23435 | SECRETARY & | 2 | $0 |
| R SCOTT MORGAN 6001 HARBOUR VIEW BLVD, SUFFOLK, VA 23435 | TREASURER & | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 6001 HARBOUR VIEW BLVD, SUFFOLK, VA 23435-2767
- In care of
- % WILLIAM HODSDEN
- Signed the 990-PF
- ROBYN S LEAVY, EXECUTIVE DIRECTOR
- Phone
- (757) 673-1783
- Return prepared by
- JONES MADDEN & COUNCIL PLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 54-2036534
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Voluntary health associations and medical disciplines (G12)
- Assets (IRS master file)
- $19,983,840
- Income (IRS master file)
- $14,077,707
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $11,973,465 | $9,065,216 | $19,983,840 | XML |
| 990-PF | December 2023 | $8,053,248 | $8,042,197 | $17,075,591 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | 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 54-2036534).
Questions about TOWNEBANK FOUNDATION
- What is the EIN of TOWNEBANK FOUNDATION?
- The employer identification number (EIN) of TOWNEBANK FOUNDATION is 54-2036534.
- Is TOWNEBANK FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to TOWNEBANK FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does TOWNEBANK FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of TOWNEBANK FOUNDATION 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 TOWNEBANK FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of TOWNEBANK FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $25,000 (ROBYN S LEAVY, EXECUTIVE DI).
- How much revenue does TOWNEBANK FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $11,973,465, expenses of $9,065,216 and total assets of $19,983,840 at year end.
Other nonprofits in SUFFOLK
- MEA ALOFA AUTISM SUPPORT CENTER EIN 05-0605286 · last filed 990 for 2025
- PILLOWS 4 PATIENTS EIN 41-4695015 · last filed 990-N for 2025
- BLESS MY BABIES EIN 80-0613029 · last filed 990-N for 2025
- NANSEMOND-SUFFOLK ACADEMY ASSOCIATION INCORPORATED EIN 54-0801408 · last filed 990 for 2025
- PORTCO INC EIN 54-1598359 · last filed 990 for 2025
- WESTERN TIDEWATER FREE CLINIC INC EIN 26-3302837 · last filed 990 for 2025
- SUFFOLK FOUNDATION EIN 20-5998525 · last filed 990 for 2025
- OBICI HEALTHCARE FOUNDATION INC EIN 51-0249728 · last filed 990-PF for 2025
All nonprofits in SUFFOLK · Virginia · Voluntary health associations and medical disciplines