Nonprofit · EIN 56-1853969
SPRINGMOOR ENDOWMENT FUND INC
Tax-exempt · RALEIGH, NC 27615
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $953,534 | $327,314 | $626,220 | $9,769,849 | $22,466 | $9,747,383 |
| December 31, 2023 | 990 | $472,437 | $194,196 | $278,241 | $9,162,598 | $41,435 | $9,121,163 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $152,454
- Program service revenue
- $0
- Investment income
- $801,080
- Net gain from sales of assets
- $537,439
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $291,165
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $308,774
- Management and general (functional)
- $18,540
Balance sheet and other
- Total assets, start of year
- $9,162,598
- Total assets, end of year
- $9,769,849
- Total liabilities, end of year
- $22,466
- Net assets, end of year
- $9,747,383
- Land, buildings and equipment
- $5,700
- Publicly traded securities
- $9,707,431
- Net assets without donor restrictions
- $9,747,383
- Gross receipts
- $3,336,561
- Employees
- 0
- Year formed
- 1993
- 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 |
|---|---|---|---|
| WILLIAM BAXLEY | PRESIDENT Trustee or director, Officer | – | $0 |
| ERNEST CARRAWAY JR | VICE PRESIDE Trustee or director, Officer | – | $0 |
| JUDY HILL | SECRETARY Trustee or director, Officer | – | $0 |
| CHARLES B BALLARD | MEMBER Trustee or director | – | $0 |
| NINA COLE | MEMBER Trustee or director | – | $0 |
| MARY ANN FREEMAN | MEMBER Trustee or director | – | $0 |
| SUSAN WALTON | MEMBER Trustee or director | – | $0 |
| CHUCK MILLSAPS | MEMBER Trustee or director | – | $0 |
| WELLS EDMUNDSON | MEMBER Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES B BALLARD | MEMBER Trustee or director | – | $0 |
| WILLIAM BAXLEY | PRESIDENT Trustee or director, Officer | – | $0 |
| NINA COLE | MEMBER Trustee or director | – | $0 |
| WELLS EDMUNDSON | MEMBER Trustee or director | – | $0 |
| MARY ANN FREEMAN | MEMBER Trustee or director | – | $0 |
| JUDY HILL | SECRETARY Trustee or director, Officer | – | $0 |
| ERNEST CARRAWAY JR | VICE PRESIDE Trustee or director, Officer | – | $0 |
| CHUCK MILLSAPS | MEMBER Trustee or director | – | $0 |
| SUSAN WALTON | MEMBER Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 1500 SAWMILL RD, RALEIGH, NC 27615-4320
- In care of
- % DAVID W AMMONS
- Principal officer (990 for 2024)
- WILLIAM BAXLEY, 10509 CHARMFORD WAY, RALEIGH, NC 27615
- Signed the 990
- WILLIAM BAXLEY, PRESIDENT
- Phone
- (919) 848-7000
- Return prepared by
- JAMES A LUCAS AND COMPANY LLP
Mission
TO MAINTAIN IN RESIDENCE ANY RESIDENT WHO BECAUSE OF A FINANCIAL REVERSAL ARE OTHERWISE UNABLE TO PAY THEIR REGULAR CHARGES AND OTHERWISE MEETING THESE RESIDENTS NEEDS.
Program accomplishments
- SUBSIDIZED RESIDENTS WHO WERE UNABLE FINANCIALLY TO PAY REGULAR CHARGESExpenses $291,165 · grants $291,165 · revenue $152,454
- ANNUITY PAYMENTS TO DONORSExpenses $17,609
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
- 56-1853969
- 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
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $9,769,849
- Income (IRS master file)
- $3,336,561
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $953,534 | $327,314 | $9,769,849 | IRS |
| 990 | December 2023 | $472,437 | $194,196 | $9,162,598 | XML |
| 990 | December 2022 | $647,906 | $325,069 | $8,903,326 | 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 56-1853969).
Questions about SPRINGMOOR ENDOWMENT FUND INC
- What is the EIN of SPRINGMOOR ENDOWMENT FUND INC?
- The employer identification number (EIN) of SPRINGMOOR ENDOWMENT FUND INC is 56-1853969.
- Is SPRINGMOOR ENDOWMENT FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to SPRINGMOOR ENDOWMENT FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does SPRINGMOOR ENDOWMENT 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 SPRINGMOOR ENDOWMENT FUND 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 ENDOWMENT FUND 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 ENDOWMENT FUND INC?
- The 990 for the year ended December 31, 2024 names WILLIAM BAXLEY.
- Who are the officers and directors of SPRINGMOOR ENDOWMENT FUND INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does SPRINGMOOR ENDOWMENT FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $953,534, expenses of $327,314 and total assets of $9,769,849 at year end.
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