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Nonprofit · EIN 54-6191586

RICHARD GWATHMEY AND CAROLINE T GWATHMEY MEMORIAL TRUST

Also known as BANK OF AMERICA

Tax-exempt · DALLAS, TX 75265

Financials

$479K$920K2023$1.3M$1M2024
Revenue Expenses · by fiscal year end
Financials of RICHARD GWATHMEY AND CAROLINE T GWATHMEY MEMORIAL TRUST by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990-PF$1,251,183$1,004,904$246,279$13,482,936$0$13,482,936
June 30, 2024990-PF$478,770$920,250-$441,480$13,225,645$0$13,225,645
Financial details: 990-PF for the year ended June 30, 2025

Revenue

Dividends
$349,444
Net gain from sales of assets
$901,739

Expenses

Grants and similar amounts paid
$756,275
Compensation of officers, directors and key employees
$151,850
Disbursements for charitable purposes
$870,417
Excise tax on investment income
$15,684

Balance sheet and other

Total assets, start of year
$13,225,645
Total assets, end of year
$13,482,936
Total liabilities, end of year
$0
Net assets, end of year
$13,482,936
Fair market value of assets
$17,916,170
Qualifying distributions
$870,417
Net investment income
$1,251,464

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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
BANK OF AMERICA
PO BOX 653067, DALLAS, TX 752653067
TRUSTEE1$141,850
DANIEL LYNCH
2809 EMERYWOOD PKWY 380, RICHMOND, VA 23294
COMMITTEE MEMBER0$2,500
ERIK RISON
1805 FLOYD AVE, RICHMOND, VA 23220
COMMITTEE MEMBER0$2,500
RICHARD SZULS
102 BANBURY RD, RICHMOND, VA 23221
COMMITTEE MEMBER0$2,500
DARCY MAYS III
3207 PELL ST, RICHMOND, VA 23233
COMMITTEE MEMBER0$2,500
DR RICHARD B BRANDT
3309 GLOUCESTER RD, RICHMOND, VA 23227
CONSULTANT20$0
VA ACADEMY OF SCIENCE-COMM MEMBER
1111 E MAIN ST VA2-300-12-92, RICHMOND, VA 23219
ALLOC COMMITTEE0$0
MEDICAL SOCIETY OF VA-COMM MEMBER
1111 E MAIN ST VA2-300-12-92, RICHMOND, VA 23219
ALLOC COMMITTEE0$0
BANK OF AMERICA TR DAVID YARTER
1111 E MAIN ST VA2-300-12-92, RICHMOND, VA 23219
ALLOC COMMITTEE0$0
SARAH KAY
1111 E MAIN ST VA2-300-12-92, RICHMOND, VA 23219
SECRETARY0$0
BAR ASSN RICHMOND-COMM MEMBER
1111 E MAIN ST VA2-300-12-92, RICHMOND, VA 23219
ALLOC COMMITTEE0$0
VA CHAMBER OF COMMERCE-COMM MEMBER
1111 E MAIN ST VA2-300-12-92, RICHMOND, VA 23219
ALLOC COMMITTEE0$0
LINDA C BARRETT
4308 W GRACE ST, RICHMOND, VA 23230
CONSULTANT ASSISTANT0$0
KEITH M MARTIN
15408 HAMPTON CREST MEWS, CHESTERFIELD, VA 23832
COMMITTEE MEMBER0$0
ROSEMARY BARRA
221 NORTH RANDOLPH ROAD, FREDRICKSBURG, VA 22405
COMMITTEE MEMBER0$0
2 more people on this return
NameTitleHours / weekCompensation
VERNON E INGE
1017 SOUTH CENTER ST, ASHLAND, VA 32005
COMMITTEE MEMBER0$0
STERLING N RANSONE JR
151 DEER PATH, COBBS CREEK, VA 23035
COMMITTEE MEMBER0$0
990-PF for the year ended June 30, 2024: 15 people
NameTitleHours / weekCompensation
BANK OF AMERICA
PO BOX 653067, DALLAS, TX 752653067
TRUSTEE1$131,400
ROSEMARY BARRA
221 NORTH RANDOLPH ROAD, FREDRICKSBURG, VA 22405
COMMITTEE MEMBER0$2,500
STERLING N RANSONE JR
151 DEER PATH, COBBS CREEK, VA 23035
COMMITTEE MEMBER0$2,500
DANIEL LYNCH
2809 EMERYWOOD PKWY 380, RICHMOND, VA 23294
COMMITTEE MEMBER0$2,500
ERIK RISON
1805 FLOYD AVE, RICHMOND, VA 23220
COMMITTEE MEMBER0$2,500
DR RICHARD B BRANDT
3309 GLOUCESTER RD, RICHMOND, VA 23227
CONSULTANT20$0
VA ACADEMY OF SCIENCE-COMM MEMBER
1111 E MAIN ST VA2-300-12-92, RICHMOND, VA 23219
ALLOC COMMITTEE0$0
MEDICAL SOCIETY OF VA-COMM MEMBER
1111 E MAIN ST VA2-300-12-92, RICHMOND, VA 23219
ALLOC COMMITTEE0$0
BANK OF AMERICA TR DAVID YARTER
1111 E MAIN ST VA2-300-12-92, RICHMOND, VA 23219
ALLOC COMMITTEE0$0
SARAH KAY
1111 E MAIN ST VA2-300-12-92, RICHMOND, VA 23219
SECRETARY0$0
BAR ASSN RICHMOND-COMM MEMBER
1111 E MAIN ST VA2-300-12-92, RICHMOND, VA 23219
ALLOC COMMITTEE0$0
VA CHAMBER OF COMMERCE-COMM MEMBER
1111 E MAIN ST VA2-300-12-92, RICHMOND, VA 23219
ALLOC COMMITTEE0$0
LINDA C BARRETT
4308 W GRACE ST, RICHMOND, VA 23230
CONSULTANT ASSISTANT0$0
KEITH M MARTIN
15408 HAMPTON CREST MEWS, CHESTERFIELD, VA 23832
COMMITTEE MEMBER0$0
VERNON E INGE
1017 SOUTH CENTER ST, ASHLAND, VA 32005
COMMITTEE MEMBER0$0

Address and contacts

Address (IRS master file)
PO BOX 653067, DALLAS, TX 75265-3067
In care of
% SOVRAN BANK TRUST TAX DEPARTMENT
Signed the 990-PF
BANK OF AMERICA NA, MANAGING DIR
Phone
(888) 866-3275

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990-PF on file
2023June 30, 2024November 15, 2024990-PF on file

IRS record

EIN
54-6191586
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
1982
Accounting year ends
June
Files
Form 990-PF
Assets (IRS master file)
$13,482,936
Income (IRS master file)
$3,665,121

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFJune 2025$1,251,183$1,004,904$13,482,936XML
990-PFJune 2024$478,770$920,250$13,225,645XML
990-PFJune 2023–––IRS
990-PFJune 2022–––IRS
990-PFJune 2021–––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 54-6191586).

Questions about RICHARD GWATHMEY AND CAROLINE T GWATHMEY MEMORIAL TRUST

What is the EIN of RICHARD GWATHMEY AND CAROLINE T GWATHMEY MEMORIAL TRUST?
The employer identification number (EIN) of RICHARD GWATHMEY AND CAROLINE T GWATHMEY MEMORIAL TRUST is 54-6191586.
Is RICHARD GWATHMEY AND CAROLINE T GWATHMEY MEMORIAL TRUST tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
Are donations to RICHARD GWATHMEY AND CAROLINE T GWATHMEY MEMORIAL TRUST tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does RICHARD GWATHMEY AND CAROLINE T GWATHMEY MEMORIAL TRUST file?
Form 990-PF. Private foundations file every year.
When is the next return of RICHARD GWATHMEY AND CAROLINE T GWATHMEY MEMORIAL TRUST 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 RICHARD GWATHMEY AND CAROLINE T GWATHMEY MEMORIAL TRUST last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended June 2025.
Who are the officers and directors of RICHARD GWATHMEY AND CAROLINE T GWATHMEY MEMORIAL TRUST?
The 990-PF for the year ended June 30, 2025 lists 17 people; 5 received compensation from the organization, the highest $141,850 (BANK OF AMERICA, TRUSTEE).
How much revenue does RICHARD GWATHMEY AND CAROLINE T GWATHMEY MEMORIAL TRUST have?
On its 990-PF for the year ended June 30, 2025 it reported revenue of $1,251,183, expenses of $1,004,904 and total assets of $13,482,936 at year end.

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