Nonprofit · EIN 56-6207750
ALLAN C MIMS AND MARGARET L MIMS CHARITABLE TR
Tax-exempt · CHAPEL HILL, NC 27517
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $60,668 | $98,148 | -$37,480 | $967,838 | $0 | $967,838 |
| December 31, 2024 | 990-PF | $97,976 | $86,790 | $11,186 | $1,005,286 | $0 | $1,005,286 |
| December 31, 2023 | 990-PF | $40,073 | $72,778 | -$32,705 | $993,966 | $0 | $993,966 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $33,321
- Net gain from sales of assets
- $27,272
- Other income
- $75
Expenses
- Grants and similar amounts paid
- $61,468
- Compensation of officers, directors and key employees
- $30,316
- Disbursements for charitable purposes
- $76,679
- Excise tax on investment income
- $557
Balance sheet and other
- Total assets, start of year
- $1,005,286
- Total assets, end of year
- $967,838
- Total liabilities, end of year
- $0
- Net assets, end of year
- $967,838
- Fair market value of assets
- $1,423,016
- Qualifying distributions
- $76,679
- Net investment income
- $60,668
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 |
|---|---|---|---|
| FRANKLIN STREET TRUST COMPANY 1450 RALEIGH ROAD 300, CHAPEL HILL, NC 27517 | TRUSTEE | 1 | $16,316 |
| THOMAS A BETTS 412 SHADY CIRCLE DRIVE, ROCKY MOUNT, NC 27803 | DIRECTOR | 1 | $3,500 |
| WILLIAM R JOHNSTON JR 3332 WHITEOAK ROAD, RALEIGH, NC 27609 | DIRECTOR | 1 | $3,500 |
| RANDALL R ADAMS 318 GRAVELY DRIVE, ROCKY MOUNT, NC 27804 | DIRECTOR | 1 | $3,500 |
| WILLIAM R JOHNSTON III 3411 COLERIDGE DRIVE, RALEIGH, NC 27609 | DIRECTOR | 1 | $3,500 |
990-PF for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANKLIN STREET TRUST COMPANY 1450 RALEIGH ROAD 300, CHAPEL HILL, NC 27517 | TRUSTEE | 1 | $15,611 |
| THOMAS A BETTS 412 SHADY CIRCLE DRIVE, ROCKY MOUNT, NC 27803 | DIRECTOR | 1 | $3,500 |
| WILLIAM R JOHNSTON JR 3332 WHITEOAK ROAD, RALEIGH, NC 27609 | DIRECTOR | 1 | $3,500 |
| RANDALL R ADAMS 318 GRAVELY DRIVE, ROCKY MOUNT, NC 27804 | DIRECTOR | 1 | $3,500 |
| WILLIAM R JOHNSTON III 3411 COLERIDGE DRIVE, RALEIGH, NC 27604 | DIRECTOR | 1 | $3,500 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANKLIN STREET TRUST COMPANY 1450 RALEIGH ROAD 300, CHAPEL HILL, NC 27517 | TRUSTEE | 1 | $13,474 |
| THOMAS A BETTS 412 SHADY CIRCLE DRIVE, ROCKY MOUNT, NC 27803 | DIRECTOR | 1 | $3,500 |
| WILLIAM R JOHNSTON JR 3332 WHITEOAK ROAD, RALEIGH, NC 27609 | DIRECTOR | 1 | $3,500 |
| RANDALL R ADAMS 318 GRAVELY DRIVE, ROCKY MOUNT, NC 27804 | DIRECTOR | 1 | $3,500 |
| WILLIAM R JOHNSTON III 3411 COLERIDGE DRIVE, RALEIGH, NC 27604 | DIRECTOR | 1 | $3,500 |
Address and contacts
- Address (IRS master file)
- 1450 RALEIGH RD STE 300, CHAPEL HILL, NC 27517-8833
- In care of
- % FRANKLIN STREET TRUST COMPANY
- Signed the 990-PF
- KATE BACON, TRUST OFFICER
- Phone
- (919) 489-2600
- Return prepared by
- BLACKMAN & SLOOP ADVISORS INC
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
- 56-6207750
- 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
- 2000
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $967,838
- Income (IRS master file)
- $337,409
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $60,668 | $98,148 | $967,838 | IRS |
| 990-PF | December 2024 | $97,976 | $86,790 | $1,005,286 | IRS |
| 990-PF | December 2023 | $40,073 | $72,778 | $993,966 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | 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 56-6207750).
Questions about ALLAN C MIMS AND MARGARET L MIMS CHARITABLE TR
- What is the EIN of ALLAN C MIMS AND MARGARET L MIMS CHARITABLE TR?
- The employer identification number (EIN) of ALLAN C MIMS AND MARGARET L MIMS CHARITABLE TR is 56-6207750.
- Is ALLAN C MIMS AND MARGARET L MIMS CHARITABLE TR tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to ALLAN C MIMS AND MARGARET L MIMS CHARITABLE TR tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does ALLAN C MIMS AND MARGARET L MIMS CHARITABLE TR file?
- Form 990-PF. Private foundations file every year.
- When is the next return of ALLAN C MIMS AND MARGARET L MIMS CHARITABLE TR 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 ALLAN C MIMS AND MARGARET L MIMS CHARITABLE TR 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 ALLAN C MIMS AND MARGARET L MIMS CHARITABLE TR?
- The 990-PF for the year ended December 31, 2025 lists 5 people; 5 received compensation from the organization, the highest $16,316 (FRANKLIN STREET TRUST COMPANY, TRUSTEE).
- How much revenue does ALLAN C MIMS AND MARGARET L MIMS CHARITABLE TR have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $60,668, expenses of $98,148 and total assets of $967,838 at year end.
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