Nonprofit · EIN 59-3789335
10-1 FOUNDATION INC
Tax-exempt · THOMASVILLE, GA 31799
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $585,171 | $593,412 | -$8,241 | $4,114,576 | $0 | $4,114,576 |
| December 31, 2023 | 990-PF | $1,049,763 | $627,209 | $422,554 | $4,122,817 | $0 | $4,122,817 |
| December 31, 2022 | 990-PF | $2,097,843 | $395,206 | $1,702,637 | $3,700,263 | $0 | $3,700,263 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $470,000
- Dividends
- $26,889
- Interest
- $83,007
- Net gain from sales of assets
- $4,101
- Other income
- $1,174
Expenses
- Grants and similar amounts paid
- $559,234
- Disbursements for charitable purposes
- $559,234
- Excise tax on investment income
- $1,189
Balance sheet and other
- Total assets, start of year
- $4,122,817
- Total assets, end of year
- $4,114,576
- Total liabilities, end of year
- $0
- Net assets, end of year
- $4,114,576
- Fair market value of assets
- $3,614,087
- Qualifying distributions
- $559,234
- Net investment income
- $119,724
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL A GRIMSLEY PO BOX 2533, THOMASVILLE, GA 31799 | PRESIDENT | 0 | $0 |
| T COLE FORSYTH 174 WATERCOLOR WAY 103, BOX 185, SANTA ROSA BEACH, FL 32459 | VICE PRESIDE | 0 | $0 |
| BROOKE B FORSYTH 174 WATERCOLOR WAY 103, BOX 185, SANTA ROSA BEACH, FL 32459 | VICE PRESIDE | 0 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL A GRIMSLEY PO BOX 2533, THOMASVILLE, GA 31799 | PRESIDENT | 0 | $0 |
| T COLE FORSYTH 174 WATERCOLOR WAY 103, BOX 185, SANTA ROSA BEACH, FL 32459 | VICE PRESIDE | 0 | $0 |
| BROOKE B FORSYTH 174 WATERCOLOR WAY 103, BOX 185, SANTA ROSA BEACH, FL 32459 | VICE PRESIDE | 0 | $0 |
990-PF for the year ended December 31, 2022: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL A GRIMSLEY PO BOX 2533, THOMASVILLE, GA 31799 | PRESIDENT | 0 | $0 |
| T COLE FORSYTH 174 WATERCOLOR WAY 103, BOX 185, SANTA ROSA BEACH, FL 32459 | VICE PRESIDE | 0 | $0 |
| BROOKE B FORSYTH 174 WATERCOLOR WAY 103, BOX 185, SANTA ROSA BEACH, FL 32459 | VICE PRESIDE | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2533, THOMASVILLE, GA 31799-2533
- In care of
- % T COLE FORSYTH
- Signed the 990-PF
- MICHAEL A GRIMSLEY, PRESIDENT
- Phone
- (404) 607-1168
- Return prepared by
- GRIMSLEY AND COMPANY CPAS
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 59-3789335
- 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
- 2006
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Arts, culture and humanities (A12)
- Assets (IRS master file)
- $4,114,576
- Income (IRS master file)
- $716,755
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $585,171 | $593,412 | $4,114,576 | XML |
| 990-PF | December 2023 | $1,049,763 | $627,209 | $4,122,817 | XML |
| 990-PF | December 2022 | $2,097,843 | $395,206 | $3,700,263 | XML |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 59-3789335).
Questions about 10-1 FOUNDATION INC
- What is the EIN of 10-1 FOUNDATION INC?
- The employer identification number (EIN) of 10-1 FOUNDATION INC is 59-3789335.
- Is 10-1 FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to 10-1 FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does 10-1 FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of 10-1 FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did 10-1 FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of 10-1 FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does 10-1 FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $585,171, expenses of $593,412 and total assets of $4,114,576 at year end.
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