Nonprofit · EIN 56-1368256
SPRINGMOOR INC
Tax-exempt · RALEIGH, NC 27615
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $44,919,208 | $45,153,726 | -$234,518 | $111,805,869 | $137,055,911 | -$25,250,042 |
| December 31, 2023 | 990 | $42,539,253 | $44,719,921 | -$2,180,668 | $111,795,876 | $136,811,400 | -$25,015,524 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $81,825
- Program service revenue
- $41,191,735
- Investment income
- $3,645,648
- Net gain from sales of assets
- -$210,851
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $440,238
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $12,360
- Accounting fees
- $166,252
- Occupancy
- $1,457,749
- Travel
- $7,109
- Depreciation
- $918,920
- Program services (functional)
- $41,563,155
- Management and general (functional)
- $3,590,571
Balance sheet and other
- Total assets, start of year
- $111,795,876
- Total assets, end of year
- $111,805,869
- Total liabilities, end of year
- $137,055,911
- Net assets, end of year
- -$25,250,042
- Land, buildings and equipment
- $22,351,247
- Net assets without donor restrictions
- -$25,252,483
- Net assets with donor restrictions
- $2,441
- Gross receipts
- $45,145,059
- Employees
- 0
- Year formed
- 1983
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES B BALLARD | PRESIDENT Trustee or director, Officer | 1 | $450 |
| WILLIAM BAXLEY | DIRECTOR Trustee or director | 1 | $450 |
| ERNEST CARRAWAY | VICE PRESIDE Trustee or director, Officer | 1 | $450 |
| NINA COLE | DIRECTOR Trustee or director | 1 | $450 |
| MARY ANN FREEMAN | DIRECTOR Trustee or director | 1 | $450 |
| JUDY HILL | SECRETARY Trustee or director | 1 | $450 |
| SUSAN WALTON | DIRECTOR Trustee or director | 1 | $450 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES B BALLARD | PRESIDENT Trustee or director, Officer | – | $450 |
| WILLIAM BAXLEY | DIRECTOR Trustee or director | 1 | $450 |
| ERNEST CARRAWAY | VICE PRESIDE Trustee or director, Officer | 1 | $450 |
| NINA COLE | DIRECTOR Trustee or director | 1 | $450 |
| MARY ANN FREEMAN | DIRECTOR Trustee or director | 1 | $450 |
| JUDY HILL | SECRETARY Trustee or director | 1 | $450 |
| SUSAN WALTON | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1500 SAWMILL RD, RALEIGH, NC 27615-4320
- Principal officer (990 for 2024)
- CHARLES B BALLARD, 309 TROTTERS RIDGE DRIVE, RALEIGH, NC 27614
- Signed the 990
- CHARLES B BALLARD, PRESIDENT
- Phone
- (919) 848-7000
- Website
- WWW.SPRINGMOOR.ORG
- Return prepared by
- JAMES A LUCAS AND COMPANY LLP
Mission
SPRINGMOOR IS A NATIONALLY ACCREDITED FULL SERVICE LIFE CARE RETIREMENT COMMUNITY DESIGNED TO EMPHASIZE INDEPENDENT LIVING, DIGNITY, SECURITY, AND PEACE OF MIND. IT OFFERS A WIDE RANGE OF RESIDENCES, SERVICES, AMENITIES AND COMPREHENSIVE HEALTH CARE. SPRINGMOOR IS DESIGNED TO PROVIDE ACTIVE, INDEPENDENT RETIREMENT LIVING WHILE PROVIDING FOR EXISTING AND FUTURE HEALTH AND PERSONAL CARE NEEDS. SPRINGMOOR'S HEALTH CARE PROGRAM GIVES EACH RESIDENT A STRONG SENSE OF SECURITY, LIFE WITH DIGNITY, LIFETIME CARE, PERSONAL SAFETY AND FINANCIAL SECURITY, AS WELL AS INTERACTION AND COMPANIONSHIP WITH MANY FINE NEIGHBORS WHO HAVE COMMON INTERESTS.
Program accomplishments
- TO PROVIDE CARE TO A RETIREMENT COMMUNITY BY PROVIDING HIGH QUALITY, RESPONSIVE, FINANCIALLY SOUND LIFE CARE TO ITS RESIDENTS WITH CONVENIENCE TO HEALTH CARE, FOOD SERVICES, ACTIVITIES, ENTERTAINMENT AND OPPORTUNITIES FOR SOCIAL ENRICHMENT IN A LIFE CARE RETIREMENT SETTING.Expenses $41,563,155 · grants $440,238 · revenue $41,191,735
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 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-1368256
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1985
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P750)
- Assets (IRS master file)
- $111,805,869
- Income (IRS master file)
- $45,145,059
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $44,919,208 | $45,153,726 | $111,805,869 | XML |
| 990 | December 2023 | $42,539,253 | $44,719,921 | $111,795,876 | XML |
| 990 | December 2022 | $40,800,832 | $40,703,048 | $114,513,623 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 56-1368256).
Questions about SPRINGMOOR INC
- What is the EIN of SPRINGMOOR INC?
- The employer identification number (EIN) of SPRINGMOOR INC is 56-1368256.
- Is SPRINGMOOR INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to SPRINGMOOR INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SPRINGMOOR 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 SPRINGMOOR 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 SPRINGMOOR INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SPRINGMOOR INC?
- The 990 for the year ended December 31, 2024 names CHARLES B BALLARD.
- Who are the officers and directors of SPRINGMOOR INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 7 received compensation from the organization, the highest $450 (CHARLES B BALLARD, PRESIDENT).
- How much revenue does SPRINGMOOR INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $44,919,208, expenses of $45,153,726 and total assets of $111,805,869 at year end.
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