Nonprofit · EIN 57-0426344
THE SPRINGS CLOSE FOUNDATION INC
Tax-exempt · FORT MILL, SC 29716
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $1,574,368 | $2,388,430 | -$814,062 | $36,288,428 | $186,584 | $36,101,844 |
| December 31, 2023 | 990-PF | $2,037,735 | $1,827,929 | $209,806 | $35,293,118 | $264,050 | $35,029,068 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $482,907
- Interest
- $136,488
- Net gain from sales of assets
- $954,882
- Other income
- $91
Expenses
- Grants and similar amounts paid
- $1,928,989
- Compensation of officers, directors and key employees
- $70,115
- Salaries, compensation and benefits (total)
- $86,266
- Disbursements for charitable purposes
- $2,636,824
- Excise tax on investment income
- $20,172
Balance sheet and other
- Total assets, start of year
- $35,293,118
- Total assets, end of year
- $36,288,428
- Total liabilities, end of year
- $186,584
- Net assets, end of year
- $36,101,844
- Fair market value of assets
- $36,288,428
- Qualifying distributions
- $2,636,824
- Net investment income
- $1,574,368
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 | Other / benefits |
|---|---|---|---|---|
| Michele Lineberger 168 Skipper Street, Fort Mill, SC 29715 | Executive Director | 40 | $70,115 | $17,134 |
| H William Close Jr 168 Skipper Street, Fort Mill, SC 29715 | Chairman of the Board | 0.01 | $0 | $0 |
| Elliott S Close NA, Rock Hill, SC 29732 | Director | 0.01 | $0 | $0 |
| Frances A Close NA, Columbia, SC 29205 | Director | 0.01 | $0 | $0 |
| W Dehler Hart NA, Fort Mill, SC 29715 | Director | 0.01 | $0 | $0 |
| Greg Close NA, Rock Hill, SC 28730 | Director | 0.01 | $0 | $0 |
| Nikki Godfrey-Hill NA, Fort Mill, SC 29708 | Director | 0.01 | $0 | $0 |
| Avery S Bivens NA, Fort Mill, SC 29708 | Director | 0.01 | $0 | $0 |
| D Peyton Worley PO Box 1449, Fort Mill, SC 29716 | Vice President/Treasurer | 4 | $0 | $0 |
| R Alexander Sullivan PO Box 1449, Fort Mill, SC 29716 | Vice President/Secretary | 4 | $0 | $0 |
| Claude P Close NA, Fort Mill, SC 29708 | Director | 0.01 | $0 | $0 |
| Fred Witherspoon NA, Fort Mill, SC 29715 | Director | 0.01 | $0 | $0 |
| Georgette Boulware NA, Fort Mill, SC 29715 | Director | 0.01 | $0 | $0 |
990-PF for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Michele Lineberger 168 Skipper Street, Fort Mill, SC 29715 | Executive Director | 40 | $63,654 | $15,610 |
| H William Close Jr 168 Skipper Street, Fort Mill, SC 29715 | Chairman of the Board | 0.01 | $0 | $0 |
| Elliott S Close NA, Rock Hill, SC 29732 | Director | 0.01 | $0 | $0 |
| Frances A Close NA, Columbia, SC 29205 | Director | 0.01 | $0 | $0 |
| Crandall C Bowles NA, Charlotte, NC 28226 | Director | 0.01 | $0 | $0 |
| W Dehler Hart NA, Fort Mill, SC 29715 | Director | 0.01 | $0 | $0 |
| Greg Close NA, Rock Hill, SC 28730 | Director | 0.01 | $0 | $0 |
| Nikki Godfrey-Hill NA, Fort Mill, SC 29708 | Director | 0.01 | $0 | $0 |
| Avery S Bivens NA, Fort Mill, SC 29708 | Director | 0.01 | $0 | $0 |
| D Peyton Worley PO Box 1449, Fort Mill, SC 29716 | Vice President/Treasurer | 4 | $0 | $0 |
| R Alexander Sullivan PO Box 1449, Fort Mill, SC 29716 | Vice President/Secretary | 4 | $0 | $0 |
| Claude P Close NA, Fort Mill, SC 29708 | Director | 0.01 | $0 | $0 |
| Catherine Huggins NA, Fort Mill, SC 29716 | Director | 0.01 | $0 | $0 |
| Richard Miller NA, Fort Mill, SC 29716 | Director | 0.01 | $0 | $0 |
| Sara B Hancock PO Box 1449, Fort Mill, SC 29716 | Assistant Secretary | 0.01 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1449, FORT MILL, SC 29716-1449
- Signed the 990-PF
- Michele Lineberger, Treasurer
- Phone
- (803) 548-5070
- Website
- www.springsfnd.org
- Return prepared by
- THE SPRINGS COMPANY
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
- 57-0426344
- 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
- 1944
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $36,288,428
- Income (IRS master file)
- $3,601,493
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $1,574,368 | $2,388,430 | $36,288,428 | XML |
| 990-PF | December 2023 | $2,037,735 | $1,827,929 | $35,293,118 | 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 57-0426344).
Questions about THE SPRINGS CLOSE FOUNDATION INC
- What is the EIN of THE SPRINGS CLOSE FOUNDATION INC?
- The employer identification number (EIN) of THE SPRINGS CLOSE FOUNDATION INC is 57-0426344.
- Is THE SPRINGS CLOSE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1944.
- Are donations to THE SPRINGS CLOSE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THE SPRINGS CLOSE FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THE SPRINGS CLOSE FOUNDATION INC 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 THE SPRINGS CLOSE FOUNDATION INC 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 THE SPRINGS CLOSE FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization, the highest $70,115 (Michele Lineberger, Executive Director).
- How much revenue does THE SPRINGS CLOSE FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,574,368, expenses of $2,388,430 and total assets of $36,288,428 at year end.
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