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Nonprofit · EIN 54-6228993

CHARLES C SKINNER & RUTH H SKINNER MEMORIAL TRUST

Tax-exempt · NORFOLK, VA 23510

Financials

$54K$87K2022$55K$88K2023$123K$89K2024
Revenue Expenses · by fiscal year end
Financials of CHARLES C SKINNER & RUTH H SKINNER MEMORIAL TRUST by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
August 31, 2025990-PF$122,689$88,643$34,046$1,264,239$0$1,264,239
August 31, 2024990-PF$55,357$87,629-$32,272$1,230,193$0$1,230,193
August 31, 2023990-PF$53,652$87,224-$33,572$1,262,465$0$1,262,465
Financial details: 990-PF for the year ended August 31, 2025

Revenue

Dividends
$88,846
Net gain from sales of assets
$33,843

Expenses

Grants and similar amounts paid
$59,500
Compensation of officers, directors and key employees
$10,516
Disbursements for charitable purposes
$59,500
Excise tax on investment income
$1,393

Balance sheet and other

Total assets, start of year
$1,230,193
Total assets, end of year
$1,264,239
Total liabilities, end of year
$0
Net assets, end of year
$1,264,239
Fair market value of assets
$1,390,674
Qualifying distributions
$59,500
Net investment income
$122,689

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 August 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
James B Covington
208 E Plume St Suite 236, Norfolk, VA 23510
Trustee2$5,108
Jerome D Crain
1604 Dendron Dr, Virginia Beach, VA 23451
Trustee2$5,108
Steven E Frazier
5716 High Street West, Portsmouth, VA 23703
Trustee0.25$300
990-PF for the year ended August 31, 2024: 3 people
NameTitleHours / weekCompensation
James B Covington
208 E Plume St STE 236, Norfolk, VA 23510
Trustee2$4,891
Jerome D Crain
1604 Dendron Dr, Virginia Beach, VA 23451
Trustee2$4,890
Steven E Frazier
5716 High Street West, Portsmouth, VA 23703
Trustee0.25$300
990-PF for the year ended August 31, 2023: 3 people
NameTitleHours / weekCompensation
James B Covington
208 E Plume St STE 236, Norfolk, VA 23510
Trustee2$4,886
Jerome D Crain
150 Boush Street Suite 1100, Norfolk, VA 23510
Trustee2$4,886
Steven E Frazier
4048 Taylor Rd, Chesapeake, VA 23321
Trustee0.25$300

Address and contacts

Address (IRS master file)
208 E PLUME ST 236, NORFOLK, VA 23510-1757
In care of
% JAMES B COVINGTON
Signed the 990-PF
James B Covington, Trustee
Phone
(757) 640-7535
Return prepared by
JEROME D CRAIN CPA

What it must file and when

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

Tax yearYear endedDueIRS public records
2025August 31, 2026January 15, 2027Not due yet
2024August 31, 2025January 15, 2026990-PF on file
2023August 31, 2024January 15, 2025990-PF on file

IRS record

EIN
54-6228993
Accounting year ends
August
Files
Form 990-PF
Assets (IRS master file)
$1,264,239
Income (IRS master file)
$88,846

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFAugust 2025$122,689$88,643$1,264,239XML
990-PFAugust 2024$55,357$87,629$1,230,193XML
990-PFAugust 2023$53,652$87,224$1,262,465XML
990-PFAugust 2022–––IRS
990-PFAugust 2021–––IRS
990-PFAugust 2020–––IRS
990-PFAugust 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 54-6228993).

Questions about CHARLES C SKINNER & RUTH H SKINNER MEMORIAL TRUST

What is the EIN of CHARLES C SKINNER & RUTH H SKINNER MEMORIAL TRUST?
The employer identification number (EIN) of CHARLES C SKINNER & RUTH H SKINNER MEMORIAL TRUST is 54-6228993.
Is CHARLES C SKINNER & RUTH H SKINNER MEMORIAL TRUST tax-exempt?
Yes. The IRS lists it as tax-exempt.
Which annual return does CHARLES C SKINNER & RUTH H SKINNER MEMORIAL TRUST file?
Form 990-PF. Private foundations file every year.
When is the next return of CHARLES C SKINNER & RUTH H SKINNER MEMORIAL TRUST due?
The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CHARLES C SKINNER & RUTH H SKINNER MEMORIAL TRUST last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended August 2025.
Who are the officers and directors of CHARLES C SKINNER & RUTH H SKINNER MEMORIAL TRUST?
The 990-PF for the year ended August 31, 2025 lists 3 people; 3 received compensation from the organization, the highest $5,108 (James B Covington, Trustee).
How much revenue does CHARLES C SKINNER & RUTH H SKINNER MEMORIAL TRUST have?
On its 990-PF for the year ended August 31, 2025 it reported revenue of $122,689, expenses of $88,643 and total assets of $1,264,239 at year end.

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