Nonprofit · EIN 54-6068391
RICHARD BENNETT TRUST
Tax-exempt · SUFFOLK, VA 23432
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $497,523 | $276,658 | $220,865 | $16,030,065 | $0 | $16,030,065 |
| December 31, 2024 | 990 | $394,092 | $262,981 | $131,111 | $14,612,949 | $0 | $14,612,949 |
| December 31, 2023 | 990 | $422,517 | $260,295 | $162,222 | $13,971,128 | $0 | $13,971,128 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $5,005
- Program service revenue
- $0
- Investment income
- $460,397
- Net rental income
- $32,121
- Net gain from sales of assets
- $101,983
- Other revenue
- $32,121
Expenses
- Grants and similar amounts paid
- $182,500
- Compensation of officers, directors and key employees
- $24,000
- Salaries, compensation and benefits (total)
- $24,000
- Professional fundraising fees
- $0
- Accounting fees
- $12,400
- Program services (functional)
- $210,930
- Management and general (functional)
- $65,728
Balance sheet and other
- Total assets, start of year
- $14,612,949
- Total assets, end of year
- $16,030,065
- Total liabilities, end of year
- $0
- Net assets, end of year
- $16,030,065
- Land, buildings and equipment
- $7,396,500
- Publicly traded securities
- $8,268,611
- Net assets without donor restrictions
- $16,030,065
- Gross receipts
- $1,714,622
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1676
- 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 |
|---|---|---|---|
| THOMAS A HAZELWOOD | TRUSTEE Trustee or director | 2 | $9,750 |
| CAPT W G SAUNDERS JR | SECRETARY-TREASURER Trustee or director, Officer | 10 | $9,750 |
| C ROBERT JOHNSON III | CHAIRMAN Trustee or director, Officer | 2 | $1,500 |
| G WAYNE RHOADS | VICE-CHAIRMAN Trustee or director | 2 | $1,500 |
| A SCOTT OVERTON | TRUSTEE Trustee or director | 2 | $1,500 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS A HAZELWOOD | SECRETARY-TREASURER Trustee or director, Officer | 10 | $18,000 |
| C ROBERT JOHNSON III | CHAIRMAN Trustee or director, Officer | 2 | $1,500 |
| G WAYNE RHOADS | VICE-CHAIRMAN Trustee or director | 2 | $1,500 |
| A SCOTT OVERTON | TRUSTEE Trustee or director | 2 | $1,500 |
| CAPT W G SAUNDERS JR | TRUSTEE Trustee or director | 2 | $1,500 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS A HAZELWOOD | SECRETARY-TREASURER Trustee or director, Officer | 10 | $18,000 |
| C ROBERT JOHNSON III | CHAIRMAN Trustee or director, Officer | 2 | $1,500 |
| G WAYNE RHOADS | VICE-CHAIRMAN Trustee or director | 2 | $1,500 |
| A SCOTT OVERTON | TRUSTEE Trustee or director | 2 | $1,500 |
| CAPT W G SAUNDERS JR | TRUSTEE Trustee or director | 2 | $1,500 |
Address and contacts
- Address (IRS master file)
- 7101 CRITTENDEN RD, SUFFOLK, VA 23432-1709
- In care of
- % W G SAUNDERS JR
- Principal officer (990 for 2025)
- WG SAUNDERS JR, 7101 CRITTENDEN ROAD, SUFFOLK, VA 23432
- Signed the 990
- WG SAUNDERS JR, SECRETARY/TREASURER
- Phone
- (757) 620-8411
- Return prepared by
- PBMARES LLP
Mission
AID TO INDIVIDUALS AND ORGANIZATIONS IN THE VICINITY WHERE THE TRUST IS MAINTAINED.
Program accomplishments
- PROVIDE AID TO ORGANIZATIONS IN THE VICINITY OF SUFFOLK, VIRGINIA.Expenses $210,930 · grants $182,500
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
- 54-6068391
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Governmental unit
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1967
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $16,030,065
- Income (IRS master file)
- $1,714,622
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $497,523 | $276,658 | $16,030,065 | IRS |
| 990 | December 2024 | $394,092 | $262,981 | $14,612,949 | IRS |
| 990 | December 2023 | $422,517 | $260,295 | $13,971,128 | XML |
| 990 | December 2022 | $328,855 | $245,620 | $13,321,336 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 54-6068391).
Questions about RICHARD BENNETT TRUST
- What is the EIN of RICHARD BENNETT TRUST?
- The employer identification number (EIN) of RICHARD BENNETT TRUST is 54-6068391.
- Is RICHARD BENNETT TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1967.
- Are donations to RICHARD BENNETT TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RICHARD BENNETT TRUST 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 RICHARD BENNETT TRUST 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 RICHARD BENNETT TRUST 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 RICHARD BENNETT TRUST?
- The 990 for the year ended December 31, 2025 names WG SAUNDERS JR.
- Who are the officers and directors of RICHARD BENNETT TRUST?
- The 990 for the year ended December 31, 2025 lists 5 people; 5 received compensation from the organization, the highest $9,750 (THOMAS A HAZELWOOD, TRUSTEE).
- How much revenue does RICHARD BENNETT TRUST have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $497,523, expenses of $276,658 and total assets of $16,030,065 at year end.
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