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Nonprofit · EIN 56-6286555

MARION STEDMAN COVINGTON FOUNDATION NORTH CAROLINA TRUST CO TTEE

Tax-exempt · DALLAS, TX 75265

Financials

$213K$553K2023$616K$506K2024$387K$614K2025
Revenue Expenses · by fiscal year end
Financials of MARION STEDMAN COVINGTON FOUNDATION NORTH CAROLINA TRUST CO TTEE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$387,432$613,699-$226,267$6,998,594$0$6,998,594
December 31, 2024990-PF$616,110$505,536$110,574$7,225,932$0$7,225,932
December 31, 2023990-PF$212,531$552,774-$340,243$7,116,834$0$7,116,834
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Dividends
$250,599
Net gain from sales of assets
$136,833

Expenses

Grants and similar amounts paid
$478,700
Compensation of officers, directors and key employees
$67,343
Disbursements for charitable purposes
$534,112
Excise tax on investment income
$4,324

Balance sheet and other

Total assets, start of year
$7,225,932
Total assets, end of year
$6,998,594
Total liabilities, end of year
$0
Net assets, end of year
$6,998,594
Fair market value of assets
$10,910,388
Qualifying distributions
$534,112
Net investment income
$386,443

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.

NameTitleHours / weekCompensation
BANK OF AMERICA
PO BOX 653067, DALLAS, TX 752653067
TRUSTEE1$67,343
JANE C HILDERBRAND
C/O COVINGTON FOUNDATION, GREENSBORO, NC 27408
CHAIRMAN5$0
KATHLEEN CROCKETT
C/O COVINGTON FOUNDATION, GREENSBORO, NC 27408
TRUSTEE5$0
RODNEY L SWINK
C/O COVINGTON FOUNDATION, GREENSBORO, NC 27408
TRUSTEE5$0
JO RAMSEY LEIMENSTOLL
C/C COVINGTOIN FOUNDATION, GREENSBORO, NC 27408
TRUSTEE5$0
STEVEN D SCHUSTER
C/O COVINGTION FOUNDATION, GREENSBORO, NC 27408
TRUSTEE5$0
990-PF for the year ended December 31, 2024: 6 people
NameTitleHours / weekCompensation
BANK OF AMERICA
PO BOX 653067, DALLAS, TX 752653067
TRUSTEE1$63,201
JANE C HILDERBRAND
C/O COVINGTON FOUNDATION, GREENSBORO, NC 27408
CHAIRMAN5$0
KATHLEEN CROCKETT
C/O COVINGTON FOUNDATION, GREENSBORO, NC 27408
TRUSTEE5$0
RODNEY L SWINK
C/O COVINGTON FOUNDATION, GREENSBORO, NC 27408
TRUSTEE5$0
JO RAMSEY LEIMENSTOLL
C/C COVINGTOIN FOUNDATION, GREENSBORO, NC 27408
TRUSTEE5$0
STEVEN D SCHUSTER
C/O COVINGTION FOUNDATION, GREENSBORO, NC 27408
TRUSTEE5$0
990-PF for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
BANK OF AMERICA
PO BOX 653067, DALLAS, TX 752653067
TRUSTEE1$57,555
JANE C HILDERBRAND
C/O COVINGTON FOUNDATION, GREENSBORO, NC 27408
CHAIRMAN5$0
KATHLEEN CROCKETT
C/O COVINGTON FOUNDATION, GREENSBORO, NC 27408
TRUSTEE5$0
RODNEY L SWINK
C/O COVINGTON FOUNDATION, GREENSBORO, NC 27408
TRUSTEE5$0
JO RAMSEY LEIMENSTOLL
C/C COVINGTOIN FOUNDATION, GREENSBORO, NC 27408
TRUSTEE5$0
STEVEN D SCHUSTER
C/O COVINGTION FOUNDATION, GREENSBORO, NC 27408
TRUSTEE5$0

Address and contacts

Address (IRS master file)
PO BOX 653067, DALLAS, TX 75265-3067
In care of
% US TR COMPANY NA
Signed the 990-PF
BANK OF AMERICA N A, MANAGING DIR
Phone
(888) 866-3275

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
56-6286555
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
1987
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$6,998,594
Income (IRS master file)
$1,091,573

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$387,432$613,699$6,998,594XML
990-PFDecember 2024$616,110$505,536$7,225,932XML
990-PFDecember 2023$212,531$552,774$7,116,834XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2019–––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 56-6286555).

Questions about MARION STEDMAN COVINGTON FOUNDATION NORTH CAROLINA TRUST CO TTEE

What is the EIN of MARION STEDMAN COVINGTON FOUNDATION NORTH CAROLINA TRUST CO TTEE?
The employer identification number (EIN) of MARION STEDMAN COVINGTON FOUNDATION NORTH CAROLINA TRUST CO TTEE is 56-6286555.
Is MARION STEDMAN COVINGTON FOUNDATION NORTH CAROLINA TRUST CO TTEE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
Are donations to MARION STEDMAN COVINGTON FOUNDATION NORTH CAROLINA TRUST CO TTEE tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does MARION STEDMAN COVINGTON FOUNDATION NORTH CAROLINA TRUST CO TTEE file?
Form 990-PF. Private foundations file every year.
When is the next return of MARION STEDMAN COVINGTON FOUNDATION NORTH CAROLINA TRUST CO TTEE 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 MARION STEDMAN COVINGTON FOUNDATION NORTH CAROLINA TRUST CO TTEE 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 MARION STEDMAN COVINGTON FOUNDATION NORTH CAROLINA TRUST CO TTEE?
The 990-PF for the year ended December 31, 2025 lists 6 people; 1 received compensation from the organization, the highest $67,343 (BANK OF AMERICA, TRUSTEE).
How much revenue does MARION STEDMAN COVINGTON FOUNDATION NORTH CAROLINA TRUST CO TTEE have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $387,432, expenses of $613,699 and total assets of $6,998,594 at year end.

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