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Nonprofit · EIN 58-1541701

BANKSOUTH FOUNDATION LTD

Tax-exempt · GREENSBORO, GA 30642

Financials

$54K$86K2023$302K$330K2024$427K$309K2025
Revenue Expenses · by fiscal year end
Financials of BANKSOUTH FOUNDATION LTD by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$427,295$309,157$118,138$1,290,357$0$1,290,357
December 31, 2024990-PF$302,296$329,962-$27,666$1,172,219$0$1,172,219
December 31, 2023990-PF$54,137$86,227-$32,090$1,199,885$0$1,199,885
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$400,000
Interest
$27,295

Expenses

Grants and similar amounts paid
$307,500
Disbursements for charitable purposes
$307,500
Excise tax on investment income
$379

Balance sheet and other

Total assets, start of year
$1,172,219
Total assets, end of year
$1,290,357
Total liabilities, end of year
$0
Net assets, end of year
$1,290,357
Fair market value of assets
$1,290,357
Qualifying distributions
$307,500
Net investment income
$27,295

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
HAROLD REYNOLDS
200 N EAST STREET, GREENSBORO, GA 30642
CEO & DIRECT0$0
RICHARD SCHMIDT
200 N EAST STREET, GREENSBORO, GA 30642
DIRECTOR0$0
FRANCES STRICKLAND
200 N EAST STREET, GREENSBORO, GA 30642
DIRECTOR0$0
990-PF for the year ended December 31, 2024: 3 people
NameTitleHours / weekCompensation
HAROLD REYNOLDS
200 N EAST STREET, GREENSBORO, GA 30642
CEO & DIRECT0$0
RICHARD SCHMIDT
200 N EAST STREET, GREENSBORO, GA 30642
DIRECTOR0$0
FRANCES STRICKLAND
200 N EAST STREET, GREENSBORO, GA 30642
DIRECTOR0$0
990-PF for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
HAROLD REYNOLDS
200 N EAST STREET, GREENSBORO, GA 30642
CEO & DIRECT0$0
RICHARD SCHMIDT
200 N EAST STREET, GREENSBORO, GA 30642
DIRECTOR0$0
FRANCES STRICKLAND
200 N EAST STREET, GREENSBORO, GA 30642
DIRECTOR0$0

Address and contacts

Address (IRS master file)
PO BOX 730, GREENSBORO, GA 30642-0730
Signed the 990-PF
HAROLD REYNOLDS, CEO & DIRECTOR
Phone
(706) 453-2236
Return prepared by
LAYSON TREADWELL & SPIRES CPAS LLC

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
58-1541701
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
December
Files
Form 990-PF
Assets (IRS master file)
$1,290,357
Income (IRS master file)
$427,295

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$427,295$309,157$1,290,357XML
990-PFDecember 2024$302,296$329,962$1,172,219XML
990-PFDecember 2023$54,137$86,227$1,199,885XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 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 58-1541701).

Questions about BANKSOUTH FOUNDATION LTD

What is the EIN of BANKSOUTH FOUNDATION LTD?
The employer identification number (EIN) of BANKSOUTH FOUNDATION LTD is 58-1541701.
Is BANKSOUTH FOUNDATION LTD tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
Are donations to BANKSOUTH FOUNDATION LTD tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does BANKSOUTH FOUNDATION LTD file?
Form 990-PF. Private foundations file every year.
When is the next return of BANKSOUTH FOUNDATION LTD 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 BANKSOUTH FOUNDATION LTD 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 BANKSOUTH FOUNDATION LTD?
The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
How much revenue does BANKSOUTH FOUNDATION LTD have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $427,295, expenses of $309,157 and total assets of $1,290,357 at year end.

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