Nonprofit · EIN 56-6065286
HUFFMAN-CORNWELL FOUNDATION
Tax-exempt · HIGH POINT, NC 27261
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $952,572 | $188,461 | $764,111 | $3,425,024 | $0 | $3,425,024 |
| December 31, 2024 | 990-PF | $175,990 | $153,672 | $22,318 | $2,660,913 | $0 | $2,660,913 |
| December 31, 2023 | 990-PF | -$17,246 | $162,330 | -$179,576 | $2,635,840 | $0 | $2,635,840 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $81,943
- Interest
- $148
- Net gain from sales of assets
- $870,481
Expenses
- Grants and similar amounts paid
- $154,400
- Compensation of officers, directors and key employees
- $8,186
- Disbursements for charitable purposes
- $154,400
- Excise tax on investment income
- $12,872
Balance sheet and other
- Total assets, start of year
- $2,660,913
- Total assets, end of year
- $3,425,024
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,425,024
- Fair market value of assets
- $3,465,781
- Qualifying distributions
- $154,400
- Net investment income
- $952,572
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 |
|---|---|---|---|
| JULIE M GARNER 6074 BRAIDWOOD BEND, ACWORTH, GA 30101 | BOARD MEMBER | 1 | $3,736 |
| BRAD NORVELLA 103 NORTH STERLING STREET, MORGANTON, NC 28655 | BOARD PERSON | 1 | $976 |
| JAN N STEPHANIDES 211 W PARK DR, MORGANTON, NC 28655 | BOARD MEMBER | 1 | $974 |
| LOU B CROUCH 1803 CARLANDA CIRCLE, CHARLOTTE, NC 28209 | BOARD MEMBER | 1 | $750 |
| JAY NORVELL 229 CHURCH ST UNIT 401, CHARLOTTE, NC 28202 | SECRETARY | 1 | $750 |
| MARY LOUISE MCCOMBS 500 LENIOR RD APT 266, MORGANTON, NC 28655 | CO-CHAIR | 1 | $750 |
| RICHARD C AVERY 204 RIVERSIDE DRIVE, MORGANTON, NC 28655 | BOARD MEMBER | 1 | $250 |
| PINNACLE BANK PO BOX 2278, HIGH POINT, NC 27261 | TRUSTEE | 1 | $0 |
990-PF for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FIRST CITIZENS BANK P O BOX 29522, RALEIGH, NC 27626 | TRUSTEE | 40 | $21,545 |
| JULIE M GARNER 6074 BRAIDWOOD BEND, ACWORTH, GA 30101 | BOARD MEMBER | 1 | $250 |
| MARY LOU HUDSPETH 8902 SAINT PIERRE LANE, CHARLOTTE, NC 28277 | BOARD MEMBER | 1 | $250 |
| LOU N CROUCH 1803 CARLANDA CIRCLE, CHARLOTTE, NC 28209 | BOARD MEMBER | 1 | $250 |
| JAN N STEPHANIDES 211 W Park Dr, Morganton, NC 28655 | BOARD MEMBER | 1 | $250 |
| JAY NORVELL 229 CHURCH ST UNIT 401, CHARLOTTE, NC 28202 | SECRETARY | 1 | $250 |
| THOMAS NORVELL 103 NORTH STERLING STREET, MORGANTON, NC 28655 | BOARD MEMBER | 1 | $250 |
| RICHARD C AVERY 504 RIVERSIDE DRIVE, MORGANTON, NC 28655 | BOARD MEMBER | 1 | $0 |
| MARY LOUISE MCCOMBS 500 LENOIR RD APT 266, MORGANTON, NC 28655 | CO-CHAIR | 1 | $0 |
| TOM MCCOMBS 123 PEARSON DR, MORGANTON, NC 28655 | BOARD MEMBER | 1 | $0 |
| JERRY NORVELL 120 B RIDGESIDE TERRACE, MORGANTON, NC 28655 | VICE CHAIR | 1 | $0 |
| BARBARA NORVELL 120 B RIDGESIDE TERRACE, MORGANTON, NC 28655 | CO-CHAIR | 1 | $0 |
990-PF for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FIRST CITIZENS BANK P O BOX 29522, RALEIGH, NC 27626 | TRUSTEE | 40 | $19,758 |
| JULIE M GARNER 6074 BRAIDWOOD BEND, ACWORTH, GA 30101 | BOARD MEMBER | 1 | $500 |
| MARY LOU HUDSPETH 8902 SAINT PIERRE LANE, CHARLOTTE, NC 28277 | BOARD MEMBER | 1 | $500 |
| LOU N CROUCH 1803 CARLANDA CIRCLE, CHARLOTTE, NC 28209 | BOARD MEMBER | 1 | $500 |
| JAN N STEPHANIDES 211 W Park Dr, Morganton, NC 28655 | BOARD MEMBER | 1 | $500 |
| JAY NORVELL 229 CHURCH ST UNIT 401, CHARLOTTE, NC 28202 | SECRETARY | 1 | $500 |
| THOMAS NORVELL 103 NORTH STERLING STREET, MORGANTON, NC 28655 | BOARD MEMBER | 1 | $500 |
| RICHARD C AVERY 504 RIVERSIDE DRIVE, MORGANTON, NC 28655 | BOARD MEMBER | 1 | $250 |
Address and contacts
- Address (IRS master file)
- PO BOX 2278, HIGH POINT, NC 27261-2278
- In care of
- % FIRAT CITIZENS BANK
- Signed the 990-PF
- PINNACLE BANK, TRUSTEE
- Phone
- (336) 881-3600
- Return prepared by
- CRI ADVISORS PLLC
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
- 56-6065286
- 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
- 1964
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $3,425,024
- Income (IRS master file)
- $5,261,173
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $952,572 | $188,461 | $3,425,024 | XML |
| 990-PF | December 2024 | $175,990 | $153,672 | $2,660,913 | IRS |
| 990-PF | December 2023 | -$17,246 | $162,330 | $2,635,840 | 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 56-6065286).
Questions about HUFFMAN-CORNWELL FOUNDATION
- What is the EIN of HUFFMAN-CORNWELL FOUNDATION?
- The employer identification number (EIN) of HUFFMAN-CORNWELL FOUNDATION is 56-6065286.
- Is HUFFMAN-CORNWELL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1964.
- Are donations to HUFFMAN-CORNWELL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does HUFFMAN-CORNWELL FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of HUFFMAN-CORNWELL FOUNDATION 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 HUFFMAN-CORNWELL FOUNDATION 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 HUFFMAN-CORNWELL FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 8 people; 7 received compensation from the organization, the highest $3,736 (JULIE M GARNER, BOARD MEMBER).
- How much revenue does HUFFMAN-CORNWELL FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $952,572, expenses of $188,461 and total assets of $3,425,024 at year end.
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