Nonprofit · EIN 56-0690140
MARY REYNOLDS BABCOCK FOUNDATION INCORPORATED
Tax-exempt · WINSTON SALEM, NC 27101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $20,707,509 | $26,318,548 | -$5,611,039 | $181,658,302 | $2,709,627 | $178,948,675 |
| December 31, 2023 | 990-PF | $7,793,293 | $16,143,088 | -$8,349,795 | $185,812,542 | $909,111 | $184,903,431 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $46,779
- Dividends
- $3,108,546
- Interest
- $97,674
- Net gain from sales of assets
- $17,497,561
- Other income
- -$43,051
Expenses
- Grants and similar amounts paid
- $19,066,250
- Compensation of officers, directors and key employees
- $1,137,671
- Salaries, compensation and benefits (total)
- $1,567,847
- Disbursements for charitable purposes
- $21,981,174
- Excise tax on investment income
- $250,393
Balance sheet and other
- Total assets, start of year
- $185,812,542
- Total assets, end of year
- $181,658,302
- Total liabilities, end of year
- $2,709,627
- Net assets, end of year
- $178,948,675
- Fair market value of assets
- $181,658,302
- Qualifying distributions
- $22,008,817
- Net investment income
- $20,696,047
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 | Other / benefits |
|---|---|---|---|---|
| FLOZELL DANIELS JR 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | CHIEF EXECUTIVE OFFICER | 40 | $356,842 | $57,186 |
| JENNIFER BARKSDALE 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | CHIEF FINANCE AND OPERATIONS OFFICER | 40 | $220,169 | $43,861 |
| ELENA CONLEY 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | CHIEF STRATEGY OFFICER | 40 | $213,259 | $29,738 |
| JULIUS KIMBROUGH 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | IMPACT INVESTMENT OF Highest-paid employee | 40 | $163,404 | $28,589 |
| DWAYNE PATTERSON TO 924 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | CHIEF EQUITY OFFICER | 40 | $149,965 | $36,649 |
| ETHAN HAMBLIN 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | SENIOR NETWORK OFFIC Highest-paid employee | 40 | $143,517 | $23,064 |
| TANIA DURAN 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | SENIOR NETWORK OFFIC Highest-paid employee | 40 | $139,183 | $33,435 |
| CHRISTINE MAYERS 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | GRANTS MANAGER Highest-paid employee | 40 | $109,149 | $27,195 |
| SCOTT EDMONDS 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | NETWORK OFFICER Highest-paid employee | 40 | $106,626 | $29,223 |
| WILL VANDENBERG 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | BOARD MEMBER | 3 | $6,000 | $0 |
| DR TIM LAMPKIN 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | BOARD MEMBER | 3 | $5,250 | $0 |
| TAMIEKA ATKINS 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | BOARD MEMBER | 3 | $4,750 | $0 |
| CHAD BERRY 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | BOARD MEMBER - VICE PRESIDENT | 3 | $4,000 | $0 |
| JERRY GONZALEZ 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | BOARD MEMBER | 3 | $3,500 | $0 |
| STEPHANIE TYREE 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | BOARD MEMBER | 3 | $3,500 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ASHLEIGH GARDERE 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | BOARD MEMBER - PRESIDENT | 3 | $3,000 |
| HOLT MOUNTCASTLE 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | BOARD MEMBER | 3 | $0 |
| KARA MOUNTCASTLE 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | BOARD MEMBER - SECRETARY | 3 | $0 |
| KATHY MOUNTCASTLE 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | BOARD MEMBER | 3 | $0 |
| KENNETH MOUNTCASTLE III 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | BOARD MEMBER - TREASURER | 3 | $0 |
| LAURA MOUNTCASTLE 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | BOARD MEMBER | 3 | $0 |
| MARY MOUNTCASTLE 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | BOARD MEMBER | 3 | $0 |
990-PF for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FLOZELL DANIELS JR 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | CHIEF EXECUTIVE OFFICER | 40 | $300,057 | $51,283 |
| JENNIFER BARKSDALE 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | CHIEF FINANCE AND OPERATIONS OFFICER | 40 | $209,448 | $42,252 |
| ELENA CONLEY 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | CHIEF STRATEGY OFFICER | 40 | $202,704 | $29,166 |
| DWAYNE PATTERSON 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | CHIEF EQUITY OFFICER | 40 | $179,217 | $50,491 |
| ETHAN HAMBLIN 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | SENIOR NETWORK OFFIC Highest-paid employee | 40 | $136,076 | $22,423 |
| TANIA DURAN 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | SENIOR NETWORK OFFIC Highest-paid employee | 40 | $132,351 | $32,367 |
| JULIUS KIMBROUGH 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | IMPACT INVESTMENT OF Highest-paid employee | 40 | $130,777 | $23,550 |
| SUSANNA HEGNER 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | COMMUNICATIONS OFFIC Highest-paid employee | 40 | $121,126 | $22,442 |
| CHRISTINE MAYERS 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | GRANTS MANAGER Highest-paid employee | 40 | $103,221 | $26,084 |
| ASHLEIGH GARDERE 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | BOARD MEMBER - PRESIDENT | 3 | $4,000 | $0 |
| JAMES MITCHELL 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | BOARD MEMBER | 2 | $4,000 | $0 |
| MICAH GILMER 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | BOARD MEMBER | 2 | $3,500 | $0 |
| LAVEEDA BATTLE 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | BOARD MEMBER | 3 | $3,000 | $0 |
| CHAD BERRY 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | BOARD MEMBER - VICE PRESIDENT | 3 | $2,500 | $0 |
| JERRY GONZALEZ 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | BOARD MEMBER | 2 | $2,500 | $0 |
| TYREE STEPHANIE 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | BOARD MEMBER | 2 | $2,000 | $0 |
| HOLT MOUNTCASTLE 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | BOARD MEMBER | 3 | $0 | $0 |
| KARA MOUNTCASTLE 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | BOARD MEMBER - SECRETARY | 2 | $0 | $0 |
| KATHY MOUNTCASTLE 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | BOARD MEMBER | 2 | $0 | $0 |
| KENNETH MOUNTCASTLE III 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | BOARD MEMBER - TREASURER | 3 | $0 | $0 |
| LAURA MOUNTCASTLE 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | BOARD MEMBER | 2 | $0 | $0 |
| MARY MOUNTCASTLE 500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC 27101 | BOARD MEMBER | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 500 W 5TH ST STE 800, WINSTON SALEM, NC 27101-3131
- In care of
- % JENNIFER BARKSDALE
- Signed the 990-PF
- JENNIFER BARKSDALE, CHIEF FINANCE AND OPERATING OFFICER
- Phone
- (336) 748-9222
- Website
- WWW.MRBF.ORG
- Return prepared by
- BLACKMAN & SLOOP ADVISORS INC
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
- 56-0690140
- 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
- 1954
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $181,658,302
- Income (IRS master file)
- $71,556,043
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $20,707,509 | $26,318,548 | $181,658,302 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $7,793,293 | $16,143,088 | $185,812,542 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 56-0690140).
Questions about MARY REYNOLDS BABCOCK FOUNDATION INCORPORATED
- What is the EIN of MARY REYNOLDS BABCOCK FOUNDATION INCORPORATED?
- The employer identification number (EIN) of MARY REYNOLDS BABCOCK FOUNDATION INCORPORATED is 56-0690140.
- Is MARY REYNOLDS BABCOCK FOUNDATION INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1954.
- Are donations to MARY REYNOLDS BABCOCK FOUNDATION INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MARY REYNOLDS BABCOCK FOUNDATION INCORPORATED file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MARY REYNOLDS BABCOCK FOUNDATION INCORPORATED 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 MARY REYNOLDS BABCOCK FOUNDATION INCORPORATED 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 MARY REYNOLDS BABCOCK FOUNDATION INCORPORATED?
- The 990-PF for the year ended December 31, 2024 lists 22 people; 16 received compensation from the organization, the highest $356,842 (FLOZELL DANIELS JR, CHIEF EXECUTIVE OFFICER).
- How much revenue does MARY REYNOLDS BABCOCK FOUNDATION INCORPORATED have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $20,707,509, expenses of $26,318,548 and total assets of $181,658,302 at year end.
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