Nonprofit · EIN 56-2196225
GLASS FAMILY FOUNDATION INC
Tax-exempt · ASHEVILLE, NC 28803
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $1,533,252 | $2,391,104 | -$857,852 | $23,429,847 | $0 | $23,429,847 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $90,000
- Dividends
- $354,482
- Interest
- $191,099
- Net gain from sales of assets
- $822,448
- Other income
- $75,223
Expenses
- Grants and similar amounts paid
- $2,024,680
- Compensation of officers, directors and key employees
- $91,708
- Disbursements for charitable purposes
- $2,024,680
- Excise tax on investment income
- $5,055
Balance sheet and other
- Total assets, start of year
- $24,287,699
- Total assets, end of year
- $23,429,847
- Total liabilities, end of year
- $0
- Net assets, end of year
- $23,429,847
- Fair market value of assets
- $23,690,826
- Qualifying distributions
- $2,024,680
- Net investment income
- $545,581
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 |
|---|---|---|---|
| LARA GLASS 44 COOPERS HAWK DRIVE, ASHEVILLE, NC 28803 | PRESIDENT | 0 | $91,708 |
| KENNETH E GLASS 513 COKESBURY LANE, ASHEVILLE, NC 28803 | BD DIR CHMN | 0 | $0 |
| NANCY J GLASS 513 COKESBURY LANE, ASHEVILLE, NC 28803 | VP/SECRETARY | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 2 TOWN SQUARE BLVD STE 310, ASHEVILLE, NC 28803-8814
- In care of
- % KENNETH E GLASS
- Signed the 990-PF
- KENNETH E GLASS, BD DIR CHMN
- Phone
- (828) 210-8120
- Return prepared by
- GOULD KILLIAN CPA GROUP 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 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 | Check at the IRS |
IRS record
- EIN
- 56-2196225
- 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
- 2001
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T12)
- Assets (IRS master file)
- $23,429,847
- Income (IRS master file)
- $5,742,408
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $1,533,252 | $2,391,104 | $23,429,847 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 56-2196225).
Questions about GLASS FAMILY FOUNDATION INC
- What is the EIN of GLASS FAMILY FOUNDATION INC?
- The employer identification number (EIN) of GLASS FAMILY FOUNDATION INC is 56-2196225.
- Is GLASS FAMILY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to GLASS FAMILY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does GLASS FAMILY FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of GLASS FAMILY 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 GLASS FAMILY 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 GLASS FAMILY FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $91,708 (LARA GLASS, PRESIDENT).
- How much revenue does GLASS FAMILY FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,533,252, expenses of $2,391,104 and total assets of $23,429,847 at year end.
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All nonprofits in ASHEVILLE · North Carolina · Philanthropy, voluntarism and grantmaking foundations