Nonprofit · EIN 59-1773235
T E POWELL JR BIOLOGY FOUNDATION
Tax-exempt · BURLINGTON, NC 27216
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $40,265 | $117,730 | -$77,465 | $1,361,792 | $0 | $1,361,792 |
| May 31, 2024 | 990 | $39,464 | $6,675 | $32,789 | $1,379,053 | $0 | $1,379,053 |
| May 31, 2023 | 990 | $79,275 | $118,597 | -$39,322 | $869,602 | $0 | $869,602 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $40,265
- Net gain from sales of assets
- $5,997
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $112,162
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $112,162
- Management and general (functional)
- $5,568
Balance sheet and other
- Total assets, start of year
- $1,379,053
- Total assets, end of year
- $1,361,792
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,361,792
- Publicly traded securities
- $1,361,792
- Gross receipts
- $424,808
- Employees
- 0
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 May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS E POWELL III | TRUSTEE/CHAI Trustee or director, Officer | – | $0 |
| THOMAS E POWELL IV | TRUSTEE/PRES Trustee or director, Officer | – | $0 |
| CONNIE BOOK | TRUSTEE/V. P Trustee or director, Officer | – | $0 |
| JERRY R TOLLEY | TRUSTEE/SEC Trustee or director, Officer | – | $0 |
| TIM PEEPLES | TRUSTEE/TRE& Trustee or director, Officer | – | $0 |
| ANTONIO IZZO | EX-OFFICIO Trustee or director | – | $0 |
| TRUST COMPANY OF THE SOUTH | CORPORATE TR Institutional trustee | – | $0 |
990 for the year ended May 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS E POWELL III | TRUSTEE/CHAI Trustee or director, Officer | – | $0 |
| JAMES B POWELL | TRUSTEE/PRES Trustee or director, Officer | – | $0 |
| LEO LAMBERT | TRUSTEE/V. P Trustee or director, Officer | – | $0 |
| JERRY R TOLLEY | TRUSTEE/SEC Trustee or director, Officer | – | $0 |
| GERALD L FRANCIS | TRUSTEE/TRE& Trustee or director, Officer | – | $0 |
| GREGG HAENEL | TRUSTEE Trustee or director | – | $0 |
| TRUST COMPANY OF THE SOUTH | CORPORATE TR Institutional trustee | – | $0 |
990 for the year ended May 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TRUST COMPANY OF THE SOUTH | CORPORATE TR Institutional trustee | 1 | $5,305 |
| THOMAS E POWELL III | TRUSTEE/CHAI Trustee or director, Officer | – | $0 |
| JAMES B POWELL | TRUSTEE/PRES Trustee or director, Officer | – | $0 |
| LEO LAMBERT | TRUSTEE/V. P Trustee or director, Officer | – | $0 |
| JERRY R TOLLEY | TRUSTEE/SEC Trustee or director, Officer | – | $0 |
| GERALD L FRANCIS | TRUSTEE/TRE& Trustee or director, Officer | – | $0 |
| GREGG HAENEL | TRUSTEE Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2536, BURLINGTON, NC 27216-2536
- Principal officer (990 for 2024)
- THOMAS E POWELL III
- Signed the 990
- THOMAS E POWELL III, TRUSTEE/CHAIRMAN
- Phone
- (336) 538-1000
- Return prepared by
- STOUT STUART MCGOWEN & KING LLP
Mission
TO SUPPORT ELON UNIVERSITY BIOLOGY DEPARTMENT
Program accomplishments
- GRANT TO ELON UNIVERSITY TO SUPPORT BIOLOGY DEPARTMENT. NOTE: THIS IS A PASSIVE TRUST. ALL INCOME DERIVED FROM DIVIDENDS AND INTEREST EARNED ON INVESTMENTS.Expenses $112,162 · grants $112,162
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 May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 59-1773235
- 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
- 1977
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,361,792
- Income (IRS master file)
- $424,808
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $40,265 | $117,730 | $1,361,792 | XML |
| 990 | May 2024 | $39,464 | $6,675 | $1,379,053 | XML |
| 990 | May 2023 | $79,275 | $118,597 | $869,602 | XML |
| 990 | May 2022 | $44,456 | $6,487 | $908,924 | IRS |
| 990 | May 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 59-1773235).
Questions about T E POWELL JR BIOLOGY FOUNDATION
- What is the EIN of T E POWELL JR BIOLOGY FOUNDATION?
- The employer identification number (EIN) of T E POWELL JR BIOLOGY FOUNDATION is 59-1773235.
- Is T E POWELL JR BIOLOGY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1977.
- Are donations to T E POWELL JR BIOLOGY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does T E POWELL JR BIOLOGY FOUNDATION 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 T E POWELL JR BIOLOGY FOUNDATION due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did T E POWELL JR BIOLOGY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of T E POWELL JR BIOLOGY FOUNDATION?
- The 990 for the year ended May 31, 2025 names THOMAS E POWELL III.
- Who are the officers and directors of T E POWELL JR BIOLOGY FOUNDATION?
- The 990 for the year ended May 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does T E POWELL JR BIOLOGY FOUNDATION have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $40,265, expenses of $117,730 and total assets of $1,361,792 at year end.
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