Nonprofit · EIN 56-6064938
MARGARET C WOODSON FOUNDATION INCORPORATED
Tax-exempt · CHARLOTTE, NC 28202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $856,040 | $1,102,440 | -$246,400 | $379,651 | $0 | $379,651 |
| December 31, 2023 | 990-PF | $907,759 | $1,170,987 | -$263,228 | $626,051 | $0 | $626,051 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $856,040
Expenses
- Grants and similar amounts paid
- $1,015,856
- Compensation of officers, directors and key employees
- $38,200
- Disbursements for charitable purposes
- $1,102,440
Balance sheet and other
- Total assets, start of year
- $626,051
- Total assets, end of year
- $379,651
- Total liabilities, end of year
- $0
- Net assets, end of year
- $379,651
- Fair market value of assets
- $379,651
- Qualifying distributions
- $1,102,440
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 |
|---|---|---|---|
| JAMES W DAVIS 220 NORTH TRYON STREET, CHARLOTTE, NC 28202 | DIRECTOR | 1 | $6,200 |
| DR NILOUS M AVERY II 220 NORTH TRYON STREET, CHARLOTTE, NC 28202 | DIRECTOR | 1 | $4,000 |
| JOHN BE CUNNINGHAM 220 NORTH TRYON STREET, CHARLOTTE, NC 28202 | DIRECTOR | 1 | $4,000 |
| MARY HOLT WOODSON MURPHY 220 NORTH TRYON STREET, CHARLOTTE, NC 28202 | CHAIR | 2 | $4,000 |
| MARLENE BOGER SHAMEL 220 NORTH TRYON STREET, CHARLOTTE, NC 28202 | DIRECTOR | 1 | $4,000 |
| ROBERT P SHAY JR 220 NORTH TRYON STREET, CHARLOTTE, NC 28202 | DIRECTOR | 1 | $4,000 |
| PAUL B WOODSON JR 220 NORTH TRYON STREET, CHARLOTTE, NC 28202 | DIRECTOR | 1 | $4,000 |
| KRISTA WOOLY 220 NORTH TRYON STREET, CHARLOTTE, NC 28202 | DIRECTOR | 1 | $4,000 |
| HARRY MCLAUGHLIN 220 NORTH TRYON STREET, CHARLOTTE, NC 28202 | DIRECTOR | 1 | $4,000 |
990-PF for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES W DAVIS 220 NORTH TRYON STREET, CHARLOTTE, NC 28202 | DIRECTOR | 1 | $6,200 |
| DR NILOUS M AVERY II 220 NORTH TRYON STREET, CHARLOTTE, NC 28202 | DIRECTOR | 1 | $4,000 |
| JOHN BE CUNNINGHAM 220 NORTH TRYON STREET, CHARLOTTE, NC 28202 | DIRECTOR | 1 | $4,000 |
| PATRICIA HOBSON JOHNSON 220 NORTH TRYON STREET, CHARLOTTE, NC 28202 | DIRECTOR | 1 | $4,000 |
| MARY HOLT WOODSON MURPHY 220 NORTH TRYON STREET, CHARLOTTE, NC 28202 | CHAIR | 2 | $4,000 |
| MARLENE BOGER SHAMEL 220 NORTH TRYON STREET, CHARLOTTE, NC 28202 | DIRECTOR | 1 | $4,000 |
| ROBERT P SHAY JR 220 NORTH TRYON STREET, CHARLOTTE, NC 28202 | DIRECTOR | 1 | $4,000 |
| PAUL B WOODSON JR 220 NORTH TRYON STREET, CHARLOTTE, NC 28202 | DIRECTOR | 1 | $4,000 |
Address and contacts
- Address (IRS master file)
- 220 N TRYON ST, CHARLOTTE, NC 28202-2137
- Signed the 990-PF
- ALYSSA FEDERICO, CFO
- Phone
- (704) 973-4500
- Return prepared by
- CHERRY BEKAERT ADVISORY LLC
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
- 56-6064938
- 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
- 1974
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $379,651
- Income (IRS master file)
- $856,040
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $856,040 | $1,102,440 | $379,651 | XML |
| 990-PF | December 2023 | $907,759 | $1,170,987 | $626,051 | 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 56-6064938).
Questions about MARGARET C WOODSON FOUNDATION INCORPORATED
- What is the EIN of MARGARET C WOODSON FOUNDATION INCORPORATED?
- The employer identification number (EIN) of MARGARET C WOODSON FOUNDATION INCORPORATED is 56-6064938.
- Is MARGARET C WOODSON FOUNDATION INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
- Are donations to MARGARET C WOODSON FOUNDATION INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MARGARET C WOODSON FOUNDATION INCORPORATED file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MARGARET C WOODSON FOUNDATION INCORPORATED 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 MARGARET C WOODSON FOUNDATION INCORPORATED 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 MARGARET C WOODSON FOUNDATION INCORPORATED?
- The 990-PF for the year ended December 31, 2024 lists 9 people; 9 received compensation from the organization, the highest $6,200 (JAMES W DAVIS, DIRECTOR).
- How much revenue does MARGARET C WOODSON FOUNDATION INCORPORATED have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $856,040, expenses of $1,102,440 and total assets of $379,651 at year end.
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