Nonprofit · EIN 56-6044941
FURNITURE FOUNDATION INC
Tax-exempt · HIGH POINT, NC 27265
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $95,528 | $91,827 | $3,701 | $1,162,411 | $0 | $1,162,411 |
| December 31, 2024 | 990-PF | $101,995 | $105,341 | -$3,346 | $1,158,194 | $0 | $1,158,194 |
| December 31, 2023 | 990-PF | $24,992 | $100,778 | -$75,786 | $1,161,079 | $0 | $1,161,079 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $35,398
- Net gain from sales of assets
- $60,034
- Other income
- $96
Expenses
- Grants and similar amounts paid
- $74,500
- Disbursements for charitable purposes
- $74,500
- Excise tax on investment income
- $1,086
Balance sheet and other
- Total assets, start of year
- $1,158,194
- Total assets, end of year
- $1,162,411
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,162,411
- Fair market value of assets
- $1,343,336
- Qualifying distributions
- $74,500
- Net investment income
- $95,432
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Wyatt Bassett 1912 Eastchester Dr Ste 100, High Point, NC 27265 | Director | 0.1 | $0 |
| Pat Smith 1912 Eastchester Dr Ste 100, High Point, NC 27265 | Director | 0.1 | $0 |
| Andy Bray 1912 Eastchester Dr Ste 100, High Point, NC 27265 | Director | 0.1 | $0 |
| Tommy Tomkins 1912 Eastchester Dr Ste 100, High Point, NC 27265 | Director | 0.1 | $0 |
| Gat Caperton 1912 Eastchester Dr Ste 100, High Point, NC 27265 | Director | 0.1 | $0 |
| Bob Duncan 1912 Eastchester Dr Ste 100, High Point, NC 27265 | Director | 0.1 | $0 |
| Steve Hodges 1912 Eastchester Dr Ste 100, High Point, NC 27265 | Director | 0.1 | $0 |
| Don Coleman 1912 Eastchester Dr Ste 100, High Point, NC 27265 | Chairman | 0.1 | $0 |
| Ray Shufelt 1912 Eastchester Dr Ste 100, High Point, NC 27265 | President | 0.1 | $0 |
| Andy S Counts 1912 Eastchester Dr Ste 100, High Point, NC 27265 | Sec/Treasurer | 1 | $0 |
| The Furniture Foundation 1912 Eastchester Dr Ste 100, High Point, NC 27265 | Trustee | 0 | $0 |
990-PF for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Pat Smith 1912 Eastchester Dr Ste 100, High Point, NC 27265 | Director | 0.1 | $0 |
| Tommy Tomkins 1912 Eastchester Dr Ste 100, High Point, NC 27265 | Director | 0.1 | $0 |
| Gat Caperton 1912 Eastchester Dr Ste 100, High Point, NC 27265 | Director | 0.1 | $0 |
| Bob Duncan 1912 Eastchester Dr Ste 100, High Point, NC 27265 | Director | 0.1 | $0 |
| Steve Hodges 1912 Eastchester Dr Ste 100, High Point, NC 27265 | Director | 0.1 | $0 |
| Don Coleman 1912 Eastchester Dr Ste 100, High Point, NC 27265 | Chairman | 0.1 | $0 |
| Ray Shufelt 1912 Eastchester Dr Ste 100, High Point, NC 27265 | President | 0.1 | $0 |
| Andy S Counts 1912 Eastchester Dr Ste 100, High Point, NC 27265 | Sec/Treasurer | 1 | $0 |
| The Furniture Foundation 1912 Eastchester Dr Ste 100, High Point, NC 27265 | Trustee | 0 | $0 |
990-PF for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Pat Smith 1912 Eastchester Dr Ste 100, High Point, NC 27265 | Director | 0.1 | $0 |
| Tommy Tomkins 1912 Eastchester Dr Ste 100, High Point, NC 27265 | Director | 0.1 | $0 |
| Mike Dugan 1912 Eastchester Dr Ste 100, High Point, NC 27265 | Director | 0.1 | $0 |
| Bob Duncan 1912 Eastchester Dr Ste 100, High Point, NC 27265 | Director | 0.1 | $0 |
| Amy Kyle 1912 Eastchester Dr Ste 100, High Point, NC 27265 | Director | 0.1 | $0 |
| Steve Hodges 1912 Eastchester Dr Ste 100, High Point, NC 27265 | Director | 0.1 | $0 |
| Don Coleman 1912 Eastchester Dr Ste 100, High Point, NC 27265 | Chairman | 0.1 | $0 |
| Ray Shufelt 1912 Eastchester Dr Ste 100, High Point, NC 27265 | President | 0.1 | $0 |
| Andy S Counts 1912 Eastchester Dr Ste 100, High Point, NC 27265 | Sec/Treasurer | 1 | $0 |
| The Furniture Foundation 1912 Eastchester Dr Ste 100, High Point, NC 27265 | Trustee | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1912 EASTCHESTER DR STE 100, HIGH POINT, NC 27265-3503
- In care of
- % WACHOVIA BANK & TRUST CO NA
- Signed the 990-PF
- Andy S Counts, Sec/Treasurer
- Phone
- (336) 884-5000
- Return prepared by
- Apple Koceja & 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 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 | 990-PF 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
- 56-6044941
- 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
- 1951
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Community improvement and capacity building (S41I)
- Assets (IRS master file)
- $1,162,411
- Income (IRS master file)
- $447,218
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $95,528 | $91,827 | $1,162,411 | XML |
| 990-PF | December 2024 | $101,995 | $105,341 | $1,158,194 | IRS |
| 990-PF | December 2023 | $24,992 | $100,778 | $1,161,079 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | 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 56-6044941).
Questions about FURNITURE FOUNDATION INC
- What is the EIN of FURNITURE FOUNDATION INC?
- The employer identification number (EIN) of FURNITURE FOUNDATION INC is 56-6044941.
- Is FURNITURE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1951.
- Are donations to FURNITURE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does FURNITURE FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of FURNITURE FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FURNITURE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of FURNITURE FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does FURNITURE FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $95,528, expenses of $91,827 and total assets of $1,162,411 at year end.
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All nonprofits in HIGH POINT · North Carolina · Community improvement and capacity building