Nonprofit · EIN 56-6473877
ALBERT & NAN GRAY MONK FOUNDATION
Tax-exempt · CHAPEL HILL, NC 27517
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $150,508 | $128,580 | $21,928 | $2,039,181 | $628 | $2,038,553 |
| December 31, 2023 | 990-PF | $89,969 | $129,036 | -$39,067 | $2,023,565 | $5,000 | $2,018,565 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $11,249
- Dividends
- $67,649
- Net gain from sales of assets
- $58,561
- Other income
- $13,049
Expenses
- Grants and similar amounts paid
- $109,758
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $109,758
- Excise tax on investment income
- $1,674
Balance sheet and other
- Total assets, start of year
- $2,023,565
- Total assets, end of year
- $2,039,181
- Total liabilities, end of year
- $628
- Net assets, end of year
- $2,038,553
- Fair market value of assets
- $2,437,156
- Qualifying distributions
- $109,758
- Net investment income
- $139,259
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 |
|---|---|---|---|
| ALBERT C MONK III 301 W BARBEE CHAPEL RD SUITE 303, CHAPEL HILL, NC 27517 | PRESIDENT & TREASURER | 0 | $0 |
| ROBERT E MALLERNEE 301 W BARBEE CHAPEL RD SUITE 303, CHAPEL HILL, NC 27517 | ASSISTANT SECRETARY | 0 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALBERT C MONK III 5915 FARRINGTON ROAD STE 202, CHAPEL HILL, NC 27517 | PRESIDENT & TREASURER | 0 | $0 |
| ROBERT E MALLERNEE 5915 FARRINGTON ROAD STE 202, CHAPEL HILL, NC 27517 | ASSISTANT SECRETARY | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 301 W BARBEE CHAPEL RD SUITE 303, CHAPEL HILL, NC 27517-7892
- In care of
- % ROB MALLERNEE ETON ADVISORS LP
- Signed the 990-PF
- ALBERT C MONK III, PRESIDENT
- Phone
- (919) 442-1550
- Return prepared by
- NELSON & COMPANY PA
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
- 56-6473877
- 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
- 1996
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22Z)
- Assets (IRS master file)
- $2,039,181
- Income (IRS master file)
- $478,549
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $150,508 | $128,580 | $2,039,181 | XML |
| 990-PF | December 2023 | $89,969 | $129,036 | $2,023,565 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2019 | – | – | – | 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 56-6473877).
Questions about ALBERT & NAN GRAY MONK FOUNDATION
- What is the EIN of ALBERT & NAN GRAY MONK FOUNDATION?
- The employer identification number (EIN) of ALBERT & NAN GRAY MONK FOUNDATION is 56-6473877.
- Is ALBERT & NAN GRAY MONK FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to ALBERT & NAN GRAY MONK FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does ALBERT & NAN GRAY MONK FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of ALBERT & NAN GRAY MONK FOUNDATION 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 ALBERT & NAN GRAY MONK FOUNDATION 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 ALBERT & NAN GRAY MONK FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does ALBERT & NAN GRAY MONK FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $150,508, expenses of $128,580 and total assets of $2,039,181 at year end.
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All nonprofits in CHAPEL HILL · North Carolina · Philanthropy, voluntarism and grantmaking foundations