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Nonprofit · EIN 56-2004758

ITMA EDUCATIONAL FOUNDATION

Tax-exempt · HIGH POINT, NC 27260

Financials

$33K$39K2023$68K$111K2024
Revenue Expenses · by fiscal year end
Financials of ITMA EDUCATIONAL FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
August 31, 2025990-EZ$68,072$111,345-$43,273$354,905–$354,905
August 31, 2024990-EZ$33,489$38,649-$5,160$282,358–$282,358
Financial details: 990-EZ for the year ended August 31, 2025

Revenue

Contributions, gifts and grants
$17,776
Investment income
$8,764
Net gain from sales of assets
$41,532

Expenses

Grants and similar amounts paid
$16,667
Compensation of officers, directors and key employees
$77,078
Other expenses
$94,678
Program services (functional)
$105,815

Balance sheet and other

Total assets, start of year
$282,358
Total assets, end of year
$354,905
Total liabilities, end of year
–
Net assets, end of year
$354,905
Cash, savings and investments
$354,905
Gross receipts
$169,401

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-EZ for the year ended August 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
CARRIE DILLONEXECUTIVE DI0.5$77,078
ANDERSON GIBBONSBOARD MEMBER0.25$0
TAMMY COVINGTONBOARD MEMBER0.25$0
MENDY KEARNSTREASURER0.5$0
ELISE GABRIELSONVICE PRESIDE0.5$0
ANDY PACUKBOARD MEMBER0.25$0
TOM NOTAROBOARD MEMBER0.25$0
STEVE GITTELSONBOARD MEMBER0.25$0
CARLA BLUITTBOARD MEMBER0.25$0
DAVID LAPPERTPRESIDENT0.5$0
TAMMY BUCKNERBOARD MEMBER0.25$0
RICK LOVEGROVEBOARD MEMBER0.25$0
990-EZ for the year ended August 31, 2024: 13 people
NameTitleHours / weekCompensation
ANDERSON GIBBONSBOARD MEMBER0$0
KATHRYN RICHARDSONBOARD MEMBER0$0
CARMEN HERNDON BARBEEINDUSTRY LIA0$0
MENDY KEARNSTREASURER0$0
ELISE GABRIELSONVICE PRESIDE0$0
ANDY PACUKBOARD MEMBER0$0
PATRICK SHELTONBOARD MEMBER0$0
STEVE GITTELSONBOARD MEMBER0$0
CARRIE DILLONEXECUTIVE DI0$0
CARLA BLUITTBOARD MEMBER0$0
DAVID LAPPERTPRESIDENT0$0
TAMMY BUCKNERBOARD MEMBER0$0
RICK LOVEGROVEBOARD MEMBER0$0

Address and contacts

Address (IRS master file)
305 W HIGH AVE, HIGH POINT, NC 27260-4950
Signed the 990-EZ
CARRIE DILLON, EXECUTIVE DIRECTOR
Phone
(336) 885-6842
Return prepared by
SCOTT CORNELIUS CPA PC

Mission

TO PROVIDE SCHOLARSHIPS TO STUDENTS ENROLLED IN HOME FURNISHINGS AND TEXTILE DESIGN PROGRAMS, WHICH WILL ENCOURAGE STUDENTS TO ENTER THESE FIELDS OF STUDY.

990-EZ for the year ended August 31, 2025

Program accomplishments

  • TO PROVIDE SCHOLARSHIPS TO STUDENTS ENROLLED IN HOME FURNISHINGS AND TEXTILE DESIGN PROGRAMS, WHICH WILL ENCOURAGE STUDENTS TO ENTER THESE FIELDS OF STUDY.
    Expenses $105,815 · grants $16,667

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 August, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025August 31, 2026January 15, 2027Not due yet
2024August 31, 2025January 15, 2026990-EZ on file
2023August 31, 2024January 15, 2025990-EZ on file

File the 2025 990-EZ for ITMA EDUCATIONAL FOUNDATION

Due January 15, 2027 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
56-2004758
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1997
Accounting year ends
August
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$354,905
Income (IRS master file)
$169,401

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZAugust 2025$68,072$111,345$354,905XML
990-EZAugust 2024$33,489$38,649$282,358XML
990-EZAugust 2023–––IRS
990-EZAugust 2022–––IRS
990-EZAugust 2021–––IRS
990-EZAugust 2020–––IRS
990-EZAugust 2019–––IRS
990-EZAugust 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 56-2004758).

Questions about ITMA EDUCATIONAL FOUNDATION

What is the EIN of ITMA EDUCATIONAL FOUNDATION?
The employer identification number (EIN) of ITMA EDUCATIONAL FOUNDATION is 56-2004758.
Is ITMA EDUCATIONAL FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
Are donations to ITMA EDUCATIONAL FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ITMA EDUCATIONAL FOUNDATION 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 ITMA EDUCATIONAL FOUNDATION due?
The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ITMA EDUCATIONAL FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended August 2025.
Who are the officers and directors of ITMA EDUCATIONAL FOUNDATION?
The 990-EZ for the year ended August 31, 2025 lists 12 people; 1 received compensation from the organization, the highest $77,078 (CARRIE DILLON, EXECUTIVE DI).
How much revenue does ITMA EDUCATIONAL FOUNDATION have?
On its 990-EZ for the year ended August 31, 2025 it reported revenue of $68,072, expenses of $111,345 and total assets of $354,905 at year end.

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