Nonprofit · EIN 58-1399254
COLLEGE OF THE ALBEMARLE FOUNDATION INC
Tax-exempt · ELIZABETH CTY, NC 27906
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,944,247 | $1,180,851 | $763,396 | $12,559,162 | $29,972 | $12,529,190 |
| June 30, 2024 | 990 | $1,245,217 | $1,240,628 | $4,589 | $11,689,192 | $318,833 | $11,370,359 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,271,024
- Program service revenue
- $0
- Investment income
- $634,165
- Net gain from sales of assets
- $289,369
- Other revenue
- $39,058
Expenses
- Grants and similar amounts paid
- $866,841
- Other salaries and wages
- $169,479
- Salaries, compensation and benefits (total)
- $169,479
- Professional fundraising fees
- $0
- Program services (functional)
- $866,841
- Management and general (functional)
- $314,010
Balance sheet and other
- Total assets, start of year
- $11,689,192
- Total assets, end of year
- $12,559,162
- Total liabilities, end of year
- $29,972
- Net assets, end of year
- $12,529,190
- Publicly traded securities
- $11,358,350
- Net assets without donor restrictions
- $2,549,371
- Net assets with donor restrictions
- $9,979,819
- Gross receipts
- $3,549,271
- Employees
- 0
- Year formed
- 1980
- State of legal domicile
- NC
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 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRIAN WHITE | CHAIR Trustee or director, Officer | – | $0 |
| JEFF DIXON | VICE CHAIR Trustee or director, Officer | – | $0 |
| H TAYLOR SUGG | ASSISTANT SE Trustee or director, Officer | – | $0 |
| JENNIFER PURCELL | TREASURER Trustee or director, Officer | – | $0 |
| JEFFREY A ALDRIDGE | DIRECTOR Trustee or director | – | $0 |
| DR TRAVIS BURKE | DIRECTOR Trustee or director | – | $0 |
| DR VELMA BLACKMON | DIRECTOR Trustee or director | – | $0 |
| DOUGLAS S GARDNER | DIRECTOR Trustee or director | – | $0 |
| DR EMILY WALKER | DIRECTOR Trustee or director | – | $0 |
| JACK BAGWELL | DIRECTOR Trustee or director | – | $0 |
| CLARK TWIDDY | DIRECTOR Trustee or director | – | $0 |
| KATHY STALLINGS | DIRECTOR Trustee or director | – | $0 |
| MARCIA BRYANT | DIRECTOR Trustee or director | – | $0 |
| WILL NORRELL | DIRECTOR Trustee or director | – | $0 |
| DANIEL DONAHUE | DIRECTOR Trustee or director | – | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL O'NEAL | DIRECTOR Trustee or director | – | $0 |
| DR ANDREA WILLIAMS | DIRECTOR Trustee or director | – | $0 |
990 for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRIAN WHITE | CHAIR Trustee or director, Officer | – | $0 |
| JEFF DIXON | VICE CHAIR Trustee or director, Officer | – | $0 |
| H TAYLOR SUGG | ASSISTANT SE Trustee or director, Officer | – | $0 |
| JENNIFER PURCELL | TREASURER Trustee or director, Officer | – | $0 |
| JEFFREY A ALDRIDGE | DIRECTOR Trustee or director | – | $0 |
| DR TRAVIS BURKE | DIRECTOR Trustee or director | – | $0 |
| DR VELMA BLACKMON | DIRECTOR Trustee or director | – | $0 |
| DOUGLAS S GARDNER | DIRECTOR Trustee or director | – | $0 |
| SELINA S JARVIS | DIRECTOR Trustee or director | – | $0 |
| JACK BAGWELL | DIRECTOR Trustee or director | – | $0 |
| CLARK TWIDDY | DIRECTOR Trustee or director | – | $0 |
| KATHY STALLINGS | DIRECTOR Trustee or director | – | $0 |
| MARCIA BRYANT | DIRECTOR Trustee or director | – | $0 |
| WILL NORRELL | DIRECTOR Trustee or director | – | $0 |
| DANIEL DONAHUE | DIRECTOR Trustee or director | – | $0 |
| PAUL O'NEAL | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2327, ELIZABETH CTY, NC 27906-2327
- Principal officer (990 for 2024)
- BRIAN WHITE
- Signed the 990
- BRIAN WHITE, CHAIR
- Phone
- (252) 335-0821
- Return prepared by
- DONNA H WINBORNE CPA PC
Mission
SUPPORT PROGRAMS OF THE COLLEGE OF THE ALBEMARLE
Program accomplishments
- FUNDS PROVIDED TO THE COLLEGE OF THE ALBEMARLE TO AWARD SCHOLARSHIPS TO STUDENTSExpenses $708,875 · grants $708,875
- FUNDS EXPENDED FOR OR GIVEN TO THE COLLEGE OF THE ALBEMARLE FOR PROGRAM SUPPORT, STAFF DEVELOPMENT, COLLEGE DEVELOPMENT, EQUIPMENT AND BOOKS.Expenses $157,966 · grants $157,966
- PAYMENTS TO TRUST BENEFICIARIES FOR SPLIT-INTEREST TRUST DISTRIBUTIONS. NET TRUST (S) ASSETS REVERT TO THE FOUNDATION WHEN THE TRUSTS TERMINATE.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 58-1399254
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1980
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B114)
- Assets (IRS master file)
- $12,559,162
- Income (IRS master file)
- $3,549,271
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,944,247 | $1,180,851 | $12,559,162 | XML |
| 990 | June 2024 | $1,245,217 | $1,240,628 | $11,689,192 | XML |
| 990 | June 2023 | $1,286,912 | $1,140,706 | $10,620,521 | IRS |
| 990 | June 2022 | $1,429,001 | $2,166,647 | $9,837,868 | IRS |
| 990 | June 2021 | – | – | – | 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 58-1399254).
Questions about COLLEGE OF THE ALBEMARLE FOUNDATION INC
- What is the EIN of COLLEGE OF THE ALBEMARLE FOUNDATION INC?
- The employer identification number (EIN) of COLLEGE OF THE ALBEMARLE FOUNDATION INC is 58-1399254.
- Is COLLEGE OF THE ALBEMARLE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
- Are donations to COLLEGE OF THE ALBEMARLE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COLLEGE OF THE ALBEMARLE FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COLLEGE OF THE ALBEMARLE FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COLLEGE OF THE ALBEMARLE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of COLLEGE OF THE ALBEMARLE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names BRIAN WHITE.
- Who are the officers and directors of COLLEGE OF THE ALBEMARLE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 17 people; 0 received compensation from the organization.
- How much revenue does COLLEGE OF THE ALBEMARLE FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,944,247, expenses of $1,180,851 and total assets of $12,559,162 at year end.
Other nonprofits in ELIZABETH CTY
- NORTHEAST ACADEMY FOR AEROSPACE & ADVANCED TECHNOLOGIES EIN 46-4978300 · last filed 990 for 2025
- MID-ATLANTIC CHRISTIAN UNIVERSITY INC EIN 56-1065978 · last filed 990 for 2025
- ALBEMARLE ALLIANCE FOR CHILDREN AND FAMILIES INC EIN 56-2088109 · last filed 990 for 2025
- ALBEMARLE EDUCATIONAL FOUNDATION INC EIN 56-0849318 · last filed 990 for 2025
- MID-ATLANTIC CHRISTIAN UNIVERSITY FOUNDATION INC EIN 56-1467140 · last filed 990 for 2025
- COVENANT CLASSICAL ACADEMY EIN 82-2350694 · last filed 990 for 2024
- ELIZABETH CITY-PASQUOTANK PUBLIC SCHOOL FOUNDATION INC EIN 56-1715284 · last filed 990 for 2025
- NEAAAT FOUNDATION EIN 88-1466579 · last filed 990 for 2025
All nonprofits in ELIZABETH CTY · North Carolina · Education