Nonprofit · EIN 58-1978712
FUQUAY VARINA COMMUNITY DEVELOPMENT CORPORATION
Tax-exempt (reinstated) · FUQUAY VARINA, NC 27526
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,529 | $18,736 | -$16,207 | $4,249,618 | $0 | $4,249,618 |
| December 31, 2024 | 990 | $101,999 | $6,489 | $95,510 | $4,165,825 | $1,200 | $4,164,625 |
| December 31, 2023 | 990 | $1,284 | $4,560 | -$3,276 | $4,070,075 | $960 | $4,069,115 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,335
- Program service revenue
- $0
- Investment income
- $194
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $589
- Accounting fees
- $665
- Program services (functional)
- $18,736
Balance sheet and other
- Total assets, start of year
- $4,265,825
- Total assets, end of year
- $4,249,618
- Total liabilities, end of year
- $0
- Net assets, end of year
- $4,249,618
- Land, buildings and equipment
- $3,930,280
- Net assets without donor restrictions
- $4,249,618
- Gross receipts
- $2,529
- Employees
- 2
- Volunteers
- 10
- Year formed
- 1991
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Herbert Sneed Jr | Board Chairmen Trustee or director, Officer | 0 | $0 |
| Wallace Garrett | Treasurer Trustee or director, Officer | 0 | $0 |
990 for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Herbert Sneed Jr | Board Chairmen Trustee or director, Officer | 0 | $0 |
| Wallace Garrett | Treasurer Trustee or director, Officer | 0 | $0 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Wallace Garrett | Treasurer Trustee or director, Officer | 0 | $0 |
| Herbert Sneed Jr | Board Chairmen Trustee or director, Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 324 W JONES ST APT 118, FUQUAY VARINA, NC 27526-1874
- In care of
- % HERBERT SNEED JR
- Principal officer (990 for 2025)
- Herbert Sneed Jr, 273 Lake Pointe Dr, Fuquay Varina, NC 27525
- Signed the 990
- HERBERT SNEED JR, Chairman
- Return prepared by
- Harris Tax and Accounting
Mission
To improve the quality of life for citizens of Fuquay Varina and surrounding communities by raising the social,economic and educational activities through targeted programs and services.To continue to provide affordable senior housing in Fuquay Varina.
Program accomplishments
- Provided senior housing for the Fuquay Varina community Provided early learning childcare for disadvantage youth in the Fuquay Varina area.Expenses $18,736 · revenue $72,221
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 58-1978712
- 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
- 2014
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Human services (P28)
- Assets (IRS master file)
- $4,249,618
- Income (IRS master file)
- $2,529
Revocation and reinstatement
- Exemption revoked
- May 15, 2010
- Posted by the IRS
- June 9, 2011
- Reinstated
- Effective May 15, 2010
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,529 | $18,736 | $4,249,618 | IRS |
| 990 | December 2024 | $101,999 | $6,489 | $4,165,825 | XML |
| 990 | December 2023 | $1,284 | $4,560 | $4,070,075 | XML |
| 990 | December 2022 | $4,559 | $6,559 | $4,074,391 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 58-1978712).
Questions about FUQUAY VARINA COMMUNITY DEVELOPMENT CORPORATION
- What is the EIN of FUQUAY VARINA COMMUNITY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of FUQUAY VARINA COMMUNITY DEVELOPMENT CORPORATION is 58-1978712.
- Is FUQUAY VARINA COMMUNITY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective May 15, 2010.
- Are donations to FUQUAY VARINA COMMUNITY DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FUQUAY VARINA COMMUNITY DEVELOPMENT CORPORATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of FUQUAY VARINA COMMUNITY DEVELOPMENT CORPORATION 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 FUQUAY VARINA COMMUNITY DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of FUQUAY VARINA COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names Herbert Sneed Jr.
- Who are the officers and directors of FUQUAY VARINA COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does FUQUAY VARINA COMMUNITY DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,529, expenses of $18,736 and total assets of $4,249,618 at year end.
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All nonprofits in FUQUAY VARINA · North Carolina · Human services