Nonprofit · EIN 56-2028723
BEAVER FAMILY FOUNDATION INC
Also known as ABS LEGACY PARTNERS LLC
Tax-exempt · HICKORY, NC 28601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| April 30, 2026 | 990-PF | $1,670,171 | $1,087,729 | $582,442 | $11,821,612 | $0 | $11,821,612 |
| April 30, 2025 | 990-PF | $915,380 | $940,102 | -$24,722 | $11,239,170 | $0 | $11,239,170 |
| April 30, 2024 | 990-PF | $793,169 | $902,275 | -$109,106 | $11,263,892 | $0 | $11,263,892 |
Financial details: 990-PF for the year ended April 30, 2026
Revenue
- Dividends
- $463,299
- Net gain from sales of assets
- $1,197,327
- Other income
- $9,545
Expenses
- Grants and similar amounts paid
- $871,000
- Compensation of officers, directors and key employees
- $30,000
- Disbursements for charitable purposes
- $1,013,015
- Excise tax on investment income
- $22,325
Balance sheet and other
- Total assets, start of year
- $11,239,170
- Total assets, end of year
- $11,821,612
- Total liabilities, end of year
- $0
- Net assets, end of year
- $11,821,612
- Fair market value of assets
- $20,798,935
- Qualifying distributions
- $1,013,015
- Net investment income
- $1,660,626
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 April 30, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VICKIE BEAVER 2425 N CENTER STREET 362, HICKORY, NC 28601 | DIRECTOR | 1 | $6,000 |
| GRACE SIMMONS 2425 N CENTER STREET 362, HICKORY, NC 28601 | DIRECTOR | 1 | $6,000 |
| DONALD C BEAVER 2425 N CENTER STREET 362, HICKORY, NC 28601 | PRESIDENT | 1 | $4,500 |
| DEBORAH B LOOPER 2425 N CENTER STREET 362, HICKORY, NC 28601 | VICE PRESIDENT | 1 | $4,500 |
| DONNA MALONE 2425 N CENTER STREET 362, HICKORY, NC 28601 | TREASURER | 1 | $4,500 |
| BEAU SIMMONS 2425 N CENTER STREET 362, HICKORY, NC 28601 | DIRECTOR | 1 | $4,500 |
| ANGELA B SIMMONS 2425 N CENTER STREET 362, HICKORY, NC 28601 | SECRETARY | 1 | $0 |
990-PF for the year ended April 30, 2025: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VICKIE BEAVER 2425 N CENTER STREET 362, HICKORY, NC 28601 | DIRECTOR | 1 | $6,000 |
| GRACE SIMMONS 2425 N CENTER STREET 362, HICKORY, NC 28601 | DIRECTOR | 1 | $6,000 |
| DONALD C BEAVER 2425 N CENTER STREET 362, HICKORY, NC 28601 | PRESIDENT | 1 | $4,500 |
| DEBORAH B LOOPER 2425 N CENTER STREET 362, HICKORY, NC 28601 | VICE PRESIDENT | 1 | $4,500 |
| DONNA MALONE 2425 N CENTER STREET 362, HICKORY, NC 28601 | TREASURER | 1 | $4,500 |
| BEAU SIMMONS 2425 N CENTER STREET 362, HICKORY, NC 28601 | DIRECTOR | 1 | $4,500 |
| ANGELA B SIMMONS 2425 N CENTER STREET 362, HICKORY, NC 28601 | SECRETARY | 1 | $0 |
990-PF for the year ended April 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VICKIE BEAVER 2425 N CENTER STREET 362, HICKORY, NC 28601 | DIRECTOR | 1 | $6,000 |
| GRACE SIMMONS 2425 N CENTER STREET 362, HICKORY, NC 28601 | DIRECTOR | 1 | $6,000 |
| DONNA MALONE 2425 N CENTER STREET 362, HICKORY, NC 28601 | TREASURER | 1 | $3,000 |
| BEAU SIMMONS 2425 N CENTER STREET 362, HICKORY, NC 28601 | DIRECTOR | 1 | $3,000 |
| DEBORAH B LOOPER 2425 N CENTER STREET 362, HICKORY, NC 28601 | VICE PRESIDENT | 1 | $1,500 |
| DONALD C BEAVER 2425 N CENTER STREET 362, HICKORY, NC 28601 | PRESIDENT | 1 | $0 |
| ANGELA B SIMMONS 2425 N CENTER STREET 362, HICKORY, NC 28601 | SECRETARY | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2425 N CENTER STREET 362, HICKORY, NC 28601-1320
- In care of
- % FOUNDATION SOURCE
- Signed the 990-PF
- ANGELA B SIMMONS, SECRETARY
- Phone
- (828) 325-0655
- Return prepared by
- MARTIN STARNES & ASSOCIATES CPAS PA
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in April, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | April 30, 2026 | September 15, 2026 | 990-PF on file |
| 2024 | April 30, 2025 | September 15, 2025 | 990-PF on file |
| 2023 | April 30, 2024 | September 16, 2024 | 990-PF on file |
IRS record
- EIN
- 56-2028723
- 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
- 1998
- Accounting year ends
- April
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $11,821,612
- Income (IRS master file)
- $6,152,910
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | April 2026 | $1,670,171 | $1,087,729 | $11,821,612 | XML |
| 990-PF | April 2025 | $915,380 | $940,102 | $11,239,170 | XML |
| 990-PF | April 2024 | $793,169 | $902,275 | $11,263,892 | XML |
| 990-PF | April 2023 | – | – | – | IRS |
| 990-PF | April 2022 | – | – | – | IRS |
| 990-PF | April 2021 | – | – | – | 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 56-2028723).
Questions about BEAVER FAMILY FOUNDATION INC
- What is the EIN of BEAVER FAMILY FOUNDATION INC?
- The employer identification number (EIN) of BEAVER FAMILY FOUNDATION INC is 56-2028723.
- Is BEAVER FAMILY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to BEAVER FAMILY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does BEAVER FAMILY FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of BEAVER FAMILY FOUNDATION INC due?
- The return for tax year 2026 (the year ending April 30, 2027) is due September 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BEAVER FAMILY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended April 2026.
- Who are the officers and directors of BEAVER FAMILY FOUNDATION INC?
- The 990-PF for the year ended April 30, 2026 lists 7 people; 6 received compensation from the organization, the highest $6,000 (VICKIE BEAVER, DIRECTOR).
- How much revenue does BEAVER FAMILY FOUNDATION INC have?
- On its 990-PF for the year ended April 30, 2026 it reported revenue of $1,670,171, expenses of $1,087,729 and total assets of $11,821,612 at year end.
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