Nonprofit · EIN 56-6244644
SIMPSON FOUNDATION
Tax-exempt · MORGANTON, NC 28655
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2024 | 990-PF | $241 | $550 | -$309 | $7,159 | $0 | $7,159 |
| September 30, 2023 | 990-PF | $218 | $1,852 | -$1,634 | $7,468 | $0 | $7,468 |
Financial details: 990-PF for the year ended September 30, 2024
Revenue
- Dividends
- $241
Expenses
- Grants and similar amounts paid
- $400
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $400
- Excise tax on investment income
- $1
Balance sheet and other
- Total assets, start of year
- $7,468
- Total assets, end of year
- $7,159
- Total liabilities, end of year
- $0
- Net assets, end of year
- $7,159
- Fair market value of assets
- $5,275
- Qualifying distributions
- $400
- Net investment income
- $241
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 September 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES REID SIMPSON II 401-B S GREEN STREET, MORGANTON, NC 28655 | CHAIRMAN | 1 | $0 |
990-PF for the year ended September 30, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES REID SIMPSON II 401-B S GREEN STREET, MORGANTON, NC 28655 | CHAIRMAN | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 401B S GREEN ST, MORGANTON, NC 28655-3528
- Signed the 990-PF
- JAMES REID SIMPSON II, CHAIRMAN
- Phone
- (828) 437-9744
- Return prepared by
- DAVIDSON HOLLAND WHITESELL & CO 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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | Not on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990-PF on file |
IRS record
- EIN
- 56-6244644
- 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
- 1985
- Accounting year ends
- September
- Files
- Form 990-PF
- Assets (IRS master file)
- $7,159
- Income (IRS master file)
- $241
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | September 2024 | $241 | $550 | $7,159 | XML |
| 990-PF | September 2023 | $218 | $1,852 | $7,468 | XML |
| 990-PF | September 2022 | – | – | – | IRS |
| 990-PF | September 2021 | – | – | – | IRS |
| 990-PF | September 2020 | – | – | – | IRS |
| 990-PF | September 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 56-6244644).
Questions about SIMPSON FOUNDATION
- What is the EIN of SIMPSON FOUNDATION?
- The employer identification number (EIN) of SIMPSON FOUNDATION is 56-6244644.
- Is SIMPSON FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to SIMPSON FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does SIMPSON FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of SIMPSON FOUNDATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SIMPSON FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended September 2024.
- Who are the officers and directors of SIMPSON FOUNDATION?
- The 990-PF for the year ended September 30, 2024 lists 1 person; 0 received compensation from the organization.
- How much revenue does SIMPSON FOUNDATION have?
- On its 990-PF for the year ended September 30, 2024 it reported revenue of $241, expenses of $550 and total assets of $7,159 at year end.
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