Nonprofit · EIN 55-0717997
FRANK LITZ SMOOT CHARITABLE TRUST
Tax-exempt · BLUEFIELD, WV 24701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $65,435 | $66,236 | -$801 | $712,824 | $0 | $712,824 |
| December 31, 2024 | 990-PF | $71,110 | $59,235 | $11,875 | $711,211 | $0 | $711,211 |
| December 31, 2023 | 990-PF | $47,897 | $61,236 | -$13,339 | $700,003 | $0 | $700,003 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $30,513
- Net gain from sales of assets
- $34,922
Expenses
- Grants and similar amounts paid
- $56,000
- Compensation of officers, directors and key employees
- $8,500
- Disbursements for charitable purposes
- $58,199
- Excise tax on investment income
- $812
Balance sheet and other
- Total assets, start of year
- $711,211
- Total assets, end of year
- $712,824
- Total liabilities, end of year
- $0
- Net assets, end of year
- $712,824
- Fair market value of assets
- $1,092,439
- Qualifying distributions
- $58,199
- Net investment income
- $65,293
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FIRST COMMUNITY BANK PO BOX 950, BLUEFIELD, WV 24701 | TRUSTEE | 5 | $8,500 |
| ROGER L PHIPPS PO BOX 950, BLUEFIELD, WV 24701 | SELECTION COMMITTEE | 1 | $0 |
| JEFFREY L FARMER PO BOX 950, BLUEFIELD, WV 24701 | SELECTION COMMITTEE | 1 | $0 |
| SAM HILL PO BOX 950, BLUEFIELD, WV 24701 | SELECTION COMMITTEE | 1 | $0 |
990-PF for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FIRST COMMUNITY BANK PO BOX 950, BLUEFIELD, WV 24701 | TRUSTEE | 5 | $8,500 |
| ROGER L PHIPPS PO BOX 950, BLUEFIELD, WV 24701 | SELECTION COMMITTEE | 1 | $0 |
| JEFFREY L FARMER PO BOX 950, BLUEFIELD, WV 24701 | SELECTION COMMITTEE | 1 | $0 |
| SAM HILL PO BOX 950, BLUEFIELD, WV 24701 | SELECTION COMMITTEE | 1 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FIRST COMMUNITY BANK PO BOX 950, BLUEFIELD, WV 24701 | TRUSTEE | 5 | $8,500 |
| ROGER L PHIPPS PO BOX 950, BLUEFIELD, WV 24701 | SELECTION COMMITTEE | 1 | $0 |
| JEFFREY L FARMER PO BOX 950, BLUEFIELD, WV 24701 | SELECTION COMMITTEE | 1 | $0 |
| SAM HILL PO BOX 950, BLUEFIELD, WV 24701 | SELECTION COMMITTEE | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 950, BLUEFIELD, WV 24701-0950
- In care of
- % FIRST COMMUNITY BANK
- Signed the 990-PF
- FD-CRYSTAL R CLINE, Trustee
- Phone
- (304) 325-7151
- Return prepared by
- RELIANCE INTEGRATED SOLUTIONS LLC
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 | 990-PF 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
- 55-0717997
- 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
- 1992
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $712,824
- Income (IRS master file)
- $134,351
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $65,435 | $66,236 | $712,824 | IRS |
| 990-PF | December 2024 | $71,110 | $59,235 | $711,211 | IRS |
| 990-PF | December 2023 | $47,897 | $61,236 | $700,003 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 55-0717997).
Questions about FRANK LITZ SMOOT CHARITABLE TRUST
- What is the EIN of FRANK LITZ SMOOT CHARITABLE TRUST?
- The employer identification number (EIN) of FRANK LITZ SMOOT CHARITABLE TRUST is 55-0717997.
- Is FRANK LITZ SMOOT CHARITABLE TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to FRANK LITZ SMOOT CHARITABLE TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does FRANK LITZ SMOOT CHARITABLE TRUST file?
- Form 990-PF. Private foundations file every year.
- When is the next return of FRANK LITZ SMOOT CHARITABLE 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 FRANK LITZ SMOOT CHARITABLE TRUST last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of FRANK LITZ SMOOT CHARITABLE TRUST?
- The 990-PF for the year ended December 31, 2025 lists 4 people; 1 received compensation from the organization, the highest $8,500 (FIRST COMMUNITY BANK, TRUSTEE).
- How much revenue does FRANK LITZ SMOOT CHARITABLE TRUST have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $65,435, expenses of $66,236 and total assets of $712,824 at year end.
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