Nonprofit · EIN 56-2066238
R B TERRY CHARITABLE FOUNDATION INC
Tax-exempt · HIGH POINT, NC 27260
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $18,890,772 | $9,761,880 | $9,128,892 | $202,473,941 | $256,569 | $202,217,372 |
| December 31, 2023 | 990-PF | $8,417,528 | $9,675,931 | -$1,258,403 | $197,519,253 | $147,000 | $197,372,253 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $977,362
- Interest
- $1,578
- Net gain from sales of assets
- $17,911,402
- Other income
- $430
Expenses
- Grants and similar amounts paid
- $9,010,000
- Compensation of officers, directors and key employees
- $160,000
- Disbursements for charitable purposes
- $9,120,682
- Excise tax on investment income
- $348,496
Balance sheet and other
- Total assets, start of year
- $197,519,253
- Total assets, end of year
- $202,473,941
- Total liabilities, end of year
- $256,569
- Net assets, end of year
- $202,217,372
- Fair market value of assets
- $202,473,941
- Qualifying distributions
- $9,120,682
- Net investment income
- $25,351,679
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ARCH K SCHOCH IV PO BOX 1893, HIGH POINT, NC 272611893 | PRESIDENT/DIRECTOR | 0.5 | $40,000 |
| OSCAR FLETCHER 8811 CYPRESS LAKES DRIVE VILLA 409, RALEIGH, NC 27615 | VP/SECRETARY/DIRECTOR | 0.5 | $40,000 |
| SION A BONEY III 200 TORY HILL FARM RD, HILLSDALE, NY 125296252 | VP/DIRECTOR | 0.5 | $40,000 |
| CHARLES A ALT 512 OTTERAY AVENUE, HIGH POINT, NC 27262 | TREASURER/DIRECTOR | 0.5 | $40,000 |
| PARKER OVERTON 3933 MONLEYS BRIDGE ROAD, GRIMESLAND, NC 27837 | COMMITTEE MEMBER | 0.5 | $8,000 |
| JOE LIPE PO BOX 11429, CHARLOTTE, NC 28220 | COMMITTEE MEMBER | 0.5 | $2,000 |
990-PF for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ARCH K SCHOCH IV PO BOX 1893, HIGH POINT, NC 272611893 | PRESIDENT/DIRECTOR | 0.5 | $40,000 |
| OSCAR FLETCHER 8811 CYPRESS LAKES DRIVE VILLA 409, RALEIGH, NC 27615 | VP/SECRETARY/DIRECTOR | 0.5 | $40,000 |
| SION A BONEY III 200 TORY HILL FARM RD, HILLSDALE, NY 125296252 | VP/DIRECTOR | 0.5 | $40,000 |
| CHARLES A ALT 512 OTTERAY AVENUE, HIGH POINT, NC 27262 | TREASURER/DIRECTOR | 0.5 | $30,000 |
| CHARLES L ODOM PO BOX 2003, HIGH POINT, NC 272612003 | TREAS./ASST. SEC/DIRECTOR | 0.5 | $10,000 |
| JOE LIPE PO BOX 11429, CHARLOTTE, NC 28220 | COMMITTEE MEMBER | 0.5 | $8,000 |
| PARKER OVERTON 3933 MONLEYS BRIDGE ROAD, GRIMESLAND, NC 27837 | COMMITTEE MEMBER | 0.5 | $8,000 |
Address and contacts
- Address (IRS master file)
- 500 E GREEN DR STE 100, HIGH POINT, NC 27260-6893
- In care of
- % CHARLES L ODOM
- Signed the 990-PF
- CHARLES A ALT, TREASURER/DIRECTOR
- Phone
- (336) 884-4151
- Return prepared by
- WILLIAMS OVERMAN PIERCE LLP
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 | Not 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
- 56-2066238
- 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
- 1999
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $202,473,941
- Income (IRS master file)
- $29,532,803
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $18,890,772 | $9,761,880 | $202,473,941 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $8,417,528 | $9,675,931 | $197,519,253 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-PF | 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 56-2066238).
Questions about R B TERRY CHARITABLE FOUNDATION INC
- What is the EIN of R B TERRY CHARITABLE FOUNDATION INC?
- The employer identification number (EIN) of R B TERRY CHARITABLE FOUNDATION INC is 56-2066238.
- Is R B TERRY CHARITABLE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to R B TERRY CHARITABLE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does R B TERRY CHARITABLE FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of R B TERRY CHARITABLE FOUNDATION 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 R B TERRY CHARITABLE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of R B TERRY CHARITABLE FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 6 people; 6 received compensation from the organization, the highest $40,000 (ARCH K SCHOCH IV, PRESIDENT/DIRECTOR).
- How much revenue does R B TERRY CHARITABLE FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $18,890,772, expenses of $9,761,880 and total assets of $202,473,941 at year end.
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All nonprofits in HIGH POINT · North Carolina · Philanthropy, voluntarism and grantmaking foundations