Nonprofit · EIN 58-2319535
BARNET FOUNDATION TRUST INC
Tax-exempt · SPARTANBURG, SC 29302
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $85,639 | $419,072 | -$333,433 | $1,684,424 | $743 | $1,683,681 |
| December 31, 2024 | 990 | $38,213 | $452,255 | -$414,042 | $1,834,237 | $743 | $1,833,494 |
| December 31, 2023 | 990 | $39,208 | $466,496 | -$427,288 | $2,063,478 | $0 | $2,063,478 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $85,639
- Net gain from sales of assets
- $47,114
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $396,636
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $396,636
- Management and general (functional)
- $22,436
Balance sheet and other
- Total assets, start of year
- $1,834,237
- Total assets, end of year
- $1,684,424
- Total liabilities, end of year
- $743
- Net assets, end of year
- $1,683,681
- Publicly traded securities
- $1,684,424
- Net assets with donor restrictions
- $1,683,681
- Gross receipts
- $85,639
- Employees
- 0
- Volunteers
- 7
- Year formed
- 1997
- State of legal domicile
- SC
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 |
|---|---|---|---|
| darlene hemphill | secretary Trustee or director, Officer | 1 | $0 |
| john s mcbride jr | vice president Trustee or director, Officer | 1 | $0 |
| katherine a dunleavy | vice president Trustee or director, Officer | 1 | $0 |
| valerie barnet | president Trustee or director, Officer | 1 | $0 |
| william barnet III | chairman Trustee or director, Officer | 1 | $0 |
| d byrd miller III | director Trustee or director | 1 | $0 |
| mary rebecca barnet | director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| darlene hemphill | secretary Trustee or director, Officer | 1 | $0 |
| john s mcbride jr | vice president Trustee or director, Officer | 1 | $0 |
| katherine a dunleavy | vice president Trustee or director, Officer | 1 | $0 |
| valerie barnet | president Trustee or director, Officer | 1 | $0 |
| william barnet III | chairman Trustee or director, Officer | 1 | $0 |
| d byrd miller III | director Trustee or director | 1 | $0 |
| mary rebecca barnet | director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| darlene hemphill | secretary Trustee or director, Officer | 1 | $0 |
| john s mcbride jr | vice president Trustee or director, Officer | 1 | $0 |
| katherine a dunleavy | vice president Trustee or director, Officer | 1 | $0 |
| valerie barnet | president Trustee or director, Officer | 1 | $0 |
| william barnet III | chairman Trustee or director, Officer | 1 | $0 |
| d byrd miller III | director Trustee or director | 1 | $0 |
| mary rebecca barnet | director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 424 E KENNEDY ST, SPARTANBURG, SC 29302-1916
- Principal officer (990 for 2025)
- William Barnet III, 424 E Kennedy Street, Spartanburg, SC 29302
- Signed the 990
- William Barnet III, chairman
- Phone
- (864) 582-0138
- Return prepared by
- Forvis Mazars LLP
Mission
Charitable and philanthropic endeavors in support of and in conjunction with the Spartanburg county foundation.
Program accomplishments
- Charitable and philanthropic endeavors in support of and in conjunction with the Spartanburg county foundation.Expenses $396,636 · grants $396,636
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 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
- 58-2319535
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $1,684,424
- Income (IRS master file)
- $85,639
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $85,639 | $419,072 | $1,684,424 | IRS |
| 990 | December 2024 | $38,213 | $452,255 | $1,834,237 | XML |
| 990 | December 2023 | $39,208 | $466,496 | $2,063,478 | XML |
| 990 | December 2022 | $40,622 | $403,130 | $2,271,791 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | 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 58-2319535).
Questions about BARNET FOUNDATION TRUST INC
- What is the EIN of BARNET FOUNDATION TRUST INC?
- The employer identification number (EIN) of BARNET FOUNDATION TRUST INC is 58-2319535.
- Is BARNET FOUNDATION TRUST INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to BARNET FOUNDATION TRUST INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does BARNET FOUNDATION TRUST 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 BARNET FOUNDATION TRUST INC 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 BARNET FOUNDATION TRUST INC 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 BARNET FOUNDATION TRUST INC?
- The 990 for the year ended December 31, 2025 names William Barnet III.
- Who are the officers and directors of BARNET FOUNDATION TRUST INC?
- The 990 for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does BARNET FOUNDATION TRUST INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $85,639, expenses of $419,072 and total assets of $1,684,424 at year end.
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All nonprofits in SPARTANBURG · South Carolina · Philanthropy, voluntarism and grantmaking foundations