Nonprofit · EIN 56-1795876
LOVETT FOUNDATION
Tax-exempt · WINSTON SALEM, NC 27106
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $173,334 | $112,888 | $60,446 | $1,572,599 | $0 | $1,572,599 |
| December 31, 2024 | 990-PF | $224,769 | $104,734 | $120,035 | $1,512,159 | $0 | $1,512,159 |
| December 31, 2023 | 990-PF | $93,793 | $103,704 | -$9,911 | $1,392,672 | $0 | $1,392,672 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $135,772
- Interest
- $60
- Net gain from sales of assets
- $37,502
Expenses
- Grants and similar amounts paid
- $78,390
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $78,390
- Excise tax on investment income
- $2,020
Balance sheet and other
- Total assets, start of year
- $1,512,159
- Total assets, end of year
- $1,572,599
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,572,599
- Fair market value of assets
- $1,748,066
- Qualifying distributions
- $78,390
- Net investment income
- $173,334
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 |
|---|---|---|---|
| CHARLES C LOVETT 10 STUMP TREE LANE, WINSTONSALEM, NC 27106 | PRESIDENT | 0.5 | $0 |
| JANICE T LOVETT 10 STUMP TREE LANE, WINSTONSALEM, NC 27106 | DIRECTOR | 0.5 | $0 |
| KARL DOUGLAS VASS 4821 SINCLAIR DRIVE, RALEIGH, NC 27604 | TREASURER | 0.5 | $0 |
| MARK BLAKEMAN 1060 BORGHESE LANE UNIT 2002, NAPLES, FL 34114 | DIRECTOR | 0.5 | $0 |
| LISA NEWHAM 2889 MT OLIVE DR, DECATUR, GA 30033 | DIRECTOR | 0.5 | $0 |
| STEPHANIE LOVETT 1092 WEST 4TH STREET, WINSTONSALEM, NC 27101 | DIRECTOR | 0.5 | $0 |
| SANDRA ADAMS 382 GREENFIELD DRIVE, LEXINGTON, NC 27295 | DIRECTOR | 0.5 | $0 |
| E JORDAN FLOWERS 824 EAST AVE NE, ATLANTA, GA 30312 | DIRECTOR | 0.5 | $0 |
| LUCY C LOVETT 509 W 170TH STREET APT 22, NEW YORK, NY 10032 | DIRECTOR | 0.5 | $0 |
990-PF for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES C LOVETT 10 STUMP TREE LANE, WINSTONSALEM, NC 271065749 | PRESIDENT | 0.5 | $0 |
| JANICE T LOVETT 10 STUMP TREE LANE, WINSTONSALEM, NC 271065749 | DIRECTOR | 0.5 | $0 |
| KARL DOUGLAS VASS 4821 SINCLAIR DRIVE, RALEIGH, NC 27604 | TREASURER | 0.5 | $0 |
| MARK BLAKEMAN 1060 BORGHESE LANE UNIT 2002, NAPLES, FL 34114 | DIRECTOR | 0.5 | $0 |
| LISA NEWHAM 2889 MT OLIVE DR, DECATUR, GA 30033 | DIRECTOR | 0.5 | $0 |
| STEPHANIE LOVETT 1092 WEST 4TH STREET, WINSTONSALEM, NC 271012411 | DIRECTOR | 0.5 | $0 |
| SANDRA ADAMS 382 GREENFIELD DRIVE, LEXINGTON, NC 27295 | DIRECTOR | 0.5 | $0 |
| E JORDAN FLOWERS 824 EAST AVE NE, ATLANTA, GA 303121412 | DIRECTOR | 0.5 | $0 |
| LUCY C LOVETT 509 W 170TH STREET APT 22, NEW YORK, NY 10032 | DIRECTOR | 0.5 | $0 |
990-PF for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES C LOVETT 10 STUMP TREE LANE, WINSTONSALEM, NC 271065749 | PRESIDENT | 0.5 | $0 |
| JANICE T LOVETT 10 STUMP TREE LANE, WINSTONSALEM, NC 271065749 | DIRECTOR | 0.5 | $0 |
| KARL DOUGLAS VASS 4821 SINCLAIR DRIVE, RALEIGH, NC 27604 | TREASURER | 0.5 | $0 |
| MARK BLAKEMAN 1060 BORGHESE LANE UNIT 2002, NAPLES, FL 34114 | DIRECTOR | 0.5 | $0 |
| LISA NEWHAM 2889 MT OLIVE DR, DECATUR, GA 30033 | DIRECTOR | 0.5 | $0 |
| STEPHANIE LOVETT 1092 WEST 4TH STREET, WINSTONSALEM, NC 271012411 | DIRECTOR | 0.5 | $0 |
| SANDRA ADAMS 382 GREENFIELD DRIVE, LEXINGTON, NC 27295 | DIRECTOR | 0.5 | $0 |
| E JORDAN FLOWERS 824 EAST AVE NE, ATLANTA, GA 303121412 | DIRECTOR | 0.5 | $0 |
| LUCY C LOVETT 509 W 170TH STREET APT 22, NEW YORK, NY 10032 | DIRECTOR | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 10 STUMP TREE LN, WINSTON SALEM, NC 27106-5749
- Signed the 990-PF
- CHARLES C LOVETT, PRESIDENT
- Phone
- (336) 724-5627
- Return prepared by
- DMJPS PLLC
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
- 56-1795876
- 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
- 1993
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $1,572,599
- Income (IRS master file)
- $568,441
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $173,334 | $112,888 | $1,572,599 | XML |
| 990-PF | December 2024 | $224,769 | $104,734 | $1,512,159 | IRS |
| 990-PF | December 2023 | $93,793 | $103,704 | $1,392,672 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2019 | – | – | – | 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 56-1795876).
Questions about LOVETT FOUNDATION
- What is the EIN of LOVETT FOUNDATION?
- The employer identification number (EIN) of LOVETT FOUNDATION is 56-1795876.
- Is LOVETT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to LOVETT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does LOVETT FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LOVETT FOUNDATION 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 LOVETT FOUNDATION 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 LOVETT FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does LOVETT FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $173,334, expenses of $112,888 and total assets of $1,572,599 at year end.
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