Nonprofit · EIN 56-0774769
JAMES W DENMARK LOAN FUND INC
Tax-exempt · WINSTONSALEM, NC 27109
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $72,742 | $192,212 | -$119,470 | $6,135,552 | $4,639 | $6,130,913 |
| June 30, 2024 | 990 | $605,679 | $16,590 | $589,089 | $5,917,539 | $2,839 | $5,914,700 |
| June 30, 2023 | 990 | $220,427 | $16,072 | $204,355 | $5,326,211 | $600 | $5,325,611 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $327
- Program service revenue
- $19,951
- Investment income
- $43,075
- Other revenue
- $9,389
Expenses
- Grants and similar amounts paid
- $173,102
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $2,736
- Accounting fees
- $11,000
- Program services (functional)
- $178,354
- Management and general (functional)
- $13,858
Balance sheet and other
- Total assets, start of year
- $5,917,539
- Total assets, end of year
- $6,135,552
- Total liabilities, end of year
- $4,639
- Net assets, end of year
- $6,130,913
- Publicly traded securities
- $4,162,581
- Net assets without donor restrictions
- $6,130,913
- Gross receipts
- $72,742
- Employees
- 0
- Volunteers
- 9
- Year formed
- 1887
- State of legal domicile
- NC
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 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| B HOFLER MILAM | DIRECTOR Trustee or director | 0.1 | $0 | $439,002 | $57,272 |
| J REID MORGAN | DIRECTOR / P Trustee or director, Officer | 1 | $0 | $412,282 | $57,418 |
| THOMAS BENZA | DIRECTOR / S Trustee or director, Officer | 1 | $0 | $110,986 | $25,154 |
| MARY TRIBBLE | DIRECTOR Trustee or director | 0.1 | $0 | $95,213 | $9,087 |
| HAROLD HOLMES | DIRECTOR Trustee or director | 0.1 | $0 | $18,882 | $0 |
| DR C DOUGLAS MAYNARD | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| DR CATHERINE T HARRIS | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| JENNY R PUCKETT | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| DR RICHARD D CARMICHAEL | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| KENNETH A ZICK II | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| ROBERT D MILLS | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| MURRAY C GREASON JR | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| W DOUGLAS BLAND | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| SANDRA C BOYETTE | DIRECTOR/VIC Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| JAMES J DUNN | TREASURER Officer | 0.3 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| B HOFLER MILAM | DIRECTOR Trustee or director | 0.1 | $0 | $1,041,654 | $171,086 |
| J REID MORGAN | DIRECTOR / P Trustee or director, Officer | 1 | $0 | $690,571 | $108,874 |
| THOMAS BENZA | DIRECTOR / S Trustee or director, Officer | 1 | $0 | $115,827 | $25,141 |
| MARY TRIBBLE | DIRECTOR Trustee or director | 0.1 | $0 | $118,464 | $15,131 |
| HAROLD HOLMES | DIRECTOR Trustee or director | 0.1 | $0 | $17,124 | $0 |
| DR RICHARD D CARMICHAEL | DIRECTOR Trustee or director | 0.1 | $0 | $7,000 | $1,965 |
| W DOUGLAS BLAND | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| DR CATHERINE T HARRIS | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| KENNETH A ZICK II | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| ROBERT D MILLS | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| JENNY R PUCKETT | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| DR C DOUGLAS MAYNARD | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| SANDRA C BOYETTE | DIRECTOR/VIC Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| MURRAY C GREASON JR | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| JAMES J DUNN | TREASURER Officer | 0.3 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 16 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| B HOFLER MILAM | DIRECTOR Trustee or director | 1 | $0 | $734,339 | $261,754 |
| J REID MORGAN | DIRECTOR / P Trustee or director, Officer | 1 | $0 | $647,740 | $142,213 |
| MARY TRIBBLE | DIRECTOR Trustee or director | 0.1 | $0 | $229,720 | $27,044 |
| THOMAS BENZA | DIRECTOR / S Trustee or director, Officer | 0.1 | $0 | $109,116 | $28,435 |
| HAROLD HOLMES | DIRECTOR Trustee or director | 0.1 | $0 | $12,519 | $2,453 |
| DR RICHARD D CARMICHAEL | DIRECTOR Trustee or director | 0.1 | $0 | $11,720 | $2,280 |
| W DOUGLAS BLAND | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| DR CATHERINE T HARRIS END 1231 | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| KENNETH A ZICK II | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| ROBERT D MILLS | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| JENNY R PUCKETT END 1231 | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| DR J HOWELL SMITH END 123 | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| DR C DOUGLAS MAYNARD END 1231 | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| SANDRA C BOYETTE | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| MURRAY C GREASON JR | DIRECTOR / V Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| JAMES J DUNN | TREASURER Officer | 0.3 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 7201, WINSTONSALEM, NC 27109-0000
- In care of
- % JAMES J DUNN
- Principal officer (990 for 2024)
- J REID MORGAN, PO BOX 7201, WINSTONSALEM, NC 27109
- Signed the 990
- JAMES J DUNN, TREASURER
- Phone
- (336) 758-4240
- Return prepared by
- BUTLER BURKE LLP
Mission
THE JAMES W. DENMARK LOAN AND SCHOLARSHIP FUND, INC HAS PROVIDED FINANCIAL ASSISTANCE TO STUDENTS AT WAKE FOREST UNIVERSITY SINCE ITS INCEPTION IN 1887.
Program accomplishments
- THE JAMES W. DENMARK LOAN AND SCHOLARSHIP FUND, INCORPORATED (THE "FUND"), FORMERLY THE JAMES W. DENMARK LOAN FUND, INCORPORATED, OPERATES AS A NONPROFIT, TAX EXEMPT ORGANIZATION WHEREBY INCOME FROM INVESTMENTS IS USED TO GRANT STUDENT SCHOLARSHIPS FOR TUITION AT WAKE FOREST UNIVERSITY (THE "UNIVERSITY"). THE FUND ALSO PROVIDES STUDENT LOANS FROM FUNDS HELD IN A BROKERAGE ACCOUNT. STUDENT LOANS ARE TO BE REPAID WITH INTEREST. SEVERAL MEMBERS OF THE BOARD OF DIRECTORS ARE EMPLOYEES OF OR AFFILIATED WITH THE UNIVERSITY.Expenses $178,354 · grants $173,102 · revenue $19,951
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-0774769
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1964
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T90Z)
- Assets (IRS master file)
- $6,135,552
- Income (IRS master file)
- $72,742
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $72,742 | $192,212 | $6,135,552 | IRS |
| 990 | June 2024 | $605,679 | $16,590 | $5,917,539 | IRS |
| 990 | June 2023 | $220,427 | $16,072 | $5,326,211 | XML |
| 990 | June 2022 | $108,216 | $22,756 | $4,883,730 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 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 56-0774769).
Questions about JAMES W DENMARK LOAN FUND INC
- What is the EIN of JAMES W DENMARK LOAN FUND INC?
- The employer identification number (EIN) of JAMES W DENMARK LOAN FUND INC is 56-0774769.
- Is JAMES W DENMARK LOAN FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1964.
- Are donations to JAMES W DENMARK LOAN FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does JAMES W DENMARK LOAN FUND INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of JAMES W DENMARK LOAN FUND INC 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 JAMES W DENMARK LOAN FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of JAMES W DENMARK LOAN FUND INC?
- The 990 for the year ended June 30, 2025 names J REID MORGAN.
- Who are the officers and directors of JAMES W DENMARK LOAN FUND INC?
- The 990 for the year ended June 30, 2025 lists 15 people; 0 received compensation from the organization.
- How much revenue does JAMES W DENMARK LOAN FUND INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $72,742, expenses of $192,212 and total assets of $6,135,552 at year end.
Other nonprofits in WINSTONSALEM
- FLOW FOUNDATION INC EIN 20-1983806 · last filed 990-PF for 2024
- MUSE WINSTON-SALEM EIN 56-2039230 · last filed 990 for 2024
- KOOKEN FAMILY FOUNDATION EIN 91-1938062 · last filed 990-PF for 2025
- TALON EAGLE S WING MINISTRY CORP EIN 87-1776222 · last filed 990 for 2025
- NORTH CAROLINA BAPTIST HOSPITAL EIN 56-0552787 · last filed 990 for 2024
- WAKE FOREST UNIVERSITY HEALTH SCIENCES EIN 22-3849199 · last filed 990 for 2024
- WAKE FOREST UNIVERSITY EIN 56-0532138 · last filed 990 for 2025
- WAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER EIN 51-0190238 · last filed 990 for 2024
All nonprofits in WINSTONSALEM · North Carolina · Philanthropy, voluntarism and grantmaking foundations