Nonprofit · EIN 56-0619367
RHI LEGACY FOUNDATION INC
Tax-exempt · RUTHERFORDTON, NC 28139
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $4,496,607 | $2,047,186 | $2,449,421 | $43,222,113 | $8,614 | $43,213,499 |
| December 31, 2023 | 990-PF | $3,921,371 | $1,755,905 | $2,165,466 | $38,040,265 | $4,112 | $38,036,153 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,813,389
- Dividends
- $650,862
- Interest
- $201,693
- Net gain from sales of assets
- $816,054
- Other income
- $14,609
Expenses
- Grants and similar amounts paid
- $1,173,597
- Compensation of officers, directors and key employees
- $197,052
- Salaries, compensation and benefits (total)
- $6,058
- Disbursements for charitable purposes
- $1,710,746
- Excise tax on investment income
- $20,251
Balance sheet and other
- Total assets, start of year
- $38,040,265
- Total assets, end of year
- $43,222,113
- Total liabilities, end of year
- $8,614
- Net assets, end of year
- $43,213,499
- Fair market value of assets
- $35,468,286
- Qualifying distributions
- $8,798,801
- Net investment income
- $1,683,218
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 |
|---|---|---|---|
| TERRY W HINES PO BOX 352, RUTHERFORDTON, NC 28139 | EXEC DIRECTO | 40 | $111,300 |
| JILL MIRACLE PO BOX 352, RUTHERFORDTON, NC 28139 | CMNTY IMPACT | 40 | $85,752 |
| KERRY GILES PO BOX 352, RUTHERFORDTON, NC 28139 | CHAIR | 1 | $0 |
| JIMMY DANCY PO BOX 352, RUTHERFORDTON, NC 28139 | VICE CHAIR | 1 | $0 |
| PAUL DECK PO BOX 352, RUTHERFORDTON, NC 28139 | SECRETARY/TR | 1 | $0 |
| MAGGIE BELL PO BOX 352, RUTHERFORDTON, NC 28139 | TRUSTEE | 1 | $0 |
| CINDY BUCK PO BOX 352, RUTHERFORDTON, NC 28139 | TRUSTEE | 1 | $0 |
| JUDY BOND PO BOX 352, RUTHERFORDTON, NC 28139 | TRUSTEE | 1 | $0 |
| MATT BRIGHT PO BOX 352, RUTHERFORDTON, NC 28139 | TRUSTEE | 1 | $0 |
| JOHN CONDREY PO BOX 352, RUTHERFORDTON, NC 28139 | TRUSTEE | 1 | $0 |
| DAVID EAKER PO BOX 352, RUTHERFORDTON, NC 28139 | TRUSTEE | 1 | $0 |
| JACQUELINE HAMPTON PO BOX 352, RUTHERFORDTON, NC 28139 | TRUSTEE | 1 | $0 |
| SHIRLEY KOONE PO BOX 352, RUTHERFORDTON, NC 28139 | TRUSTEE | 1 | $0 |
| DAN HEGEMAN PO BOX 352, RUTHERFORDTON, NC 28139 | TRUSTEE THRU | 1 | $0 |
990-PF for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERRY W HINES PO BOX 352, RUTHERFORDTON, NC 28139 | EXEC DIRECTO | 40 | $111,300 |
| JILL MIRACLE PO BOX 352, RUTHERFORDTON, NC 28139 | CMNTY IMPACT | 40 | $76,299 |
| JOHN CONDREY PO BOX 352, RUTHERFORDTON, NC 28139 | CHAIR | 1 | $0 |
| KERRY GILES PO BOX 352, RUTHERFORDTON, NC 28139 | VICE CHAIR | 1 | $0 |
| JIMMY DANCY PO BOX 352, RUTHERFORDTON, NC 28139 | SEC/TREAS | 1 | $0 |
| MAGGIE BELL PO BOX 352, RUTHERFORDTON, NC 28139 | TRUSTEE | 1 | $0 |
| JUDY BOND PO BOX 352, RUTHERFORDTON, NC 28139 | TRUSTEE | 1 | $0 |
| MATT BRIGHT PO BOX 352, RUTHERFORDTON, NC 28139 | TRUSTEE | 1 | $0 |
| PAUL DECK PO BOX 352, RUTHERFORDTON, NC 28139 | TRUSTEE | 1 | $0 |
| DAVID EAKER PO BOX 352, RUTHERFORDTON, NC 28139 | TRUSTEE | 1 | $0 |
| JACQUELINE HAMPTON PO BOX 352, RUTHERFORDTON, NC 28139 | TRUSTEE | 1 | $0 |
| DAN HEGEMAN PO BOX 352, RUTHERFORDTON, NC 28139 | TRUSTEE | 1 | $0 |
| SHIRLEY KOONE PO BOX 352, RUTHERFORDTON, NC 28139 | TRUSTEE | 1 | $0 |
| JOAN KING PO BOX 352, RUTHERFORDTON, NC 28139 | TRUSTEE THRU | 1 | $0 |
| BETH MILLER PO BOX 352, RUTHERFORDTON, NC 28139 | TRUSTEE THRU | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 352, RUTHERFORDTON, NC 28139-0352
- In care of
- % TERRY W HINES
- Signed the 990-PF
- TERRY W HINES, EXEC DIRECTOR
- Phone
- (828) 202-4629
- Website
- WWW.RHILEGACYFOUNDATION.COM
- Return prepared by
- CARTER P C
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
- 56-0619367
- 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
- 1929
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Health care (E220)
- Assets (IRS master file)
- $43,222,113
- Income (IRS master file)
- $18,016,779
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $4,496,607 | $2,047,186 | $43,222,113 | IRS |
| 990-PF | December 2023 | $3,921,371 | $1,755,905 | $38,040,265 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | 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 56-0619367).
Questions about RHI LEGACY FOUNDATION INC
- What is the EIN of RHI LEGACY FOUNDATION INC?
- The employer identification number (EIN) of RHI LEGACY FOUNDATION INC is 56-0619367.
- Is RHI LEGACY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1929.
- Are donations to RHI LEGACY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does RHI LEGACY FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of RHI LEGACY FOUNDATION INC 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 RHI LEGACY FOUNDATION INC 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 RHI LEGACY FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 14 people; 2 received compensation from the organization, the highest $111,300 (TERRY W HINES, EXEC DIRECTO).
- How much revenue does RHI LEGACY FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $4,496,607, expenses of $2,047,186 and total assets of $43,222,113 at year end.
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