Nonprofit · EIN 62-0476283
BENWOOD FOUNDATION INC
Tax-exempt · CHATTANOOGA, TN 37402
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $9,399,210 | $6,392,180 | $3,007,030 | $103,903,953 | $1,930,654 | $101,973,299 |
| December 31, 2023 | 990-PF | $4,933,911 | $6,727,445 | -$1,793,534 | $104,799,873 | $4,817,500 | $99,982,373 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $495,444
- Net gain from sales of assets
- $8,893,854
- Other income
- $9,912
Expenses
- Grants and similar amounts paid
- $5,030,320
- Compensation of officers, directors and key employees
- $290,900
- Salaries, compensation and benefits (total)
- $584,162
- Disbursements for charitable purposes
- $9,079,229
- Excise tax on investment income
- $175,015
Balance sheet and other
- Total assets, start of year
- $104,799,873
- Total assets, end of year
- $103,903,953
- Total liabilities, end of year
- $1,930,654
- Net assets, end of year
- $101,973,299
- Fair market value of assets
- $103,903,953
- Qualifying distributions
- $9,079,229
- Net investment income
- $14,073,805
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 | Other / benefits |
|---|---|---|---|---|
| SARAH MORGAN 736 MARKET SUITE STE 1600, CHATTANOOGA, TN 37402 | PRESIDENT | 40 | $290,900 | $39,031 |
| JEFF C PFITZER 736 MARKET STREET STE 1600, CHATTANOOGA, TN 37402 | PROGRAM OFFICER Highest-paid employee | 40 | $154,474 | $32,787 |
| LORI QUILLEN 736 MARKET STREET STE 1600, CHATTANOOGA, TN 37402 | PROGRAM OFFICER Highest-paid employee | 40 | $111,377 | $23,907 |
| CONNIE R PERRIN 736 MARKET STREET STE 1600, CHATTANOOGA, TN 37402 | ACCOUNTING & GRANTS Highest-paid employee | 40 | $76,853 | $17,985 |
| MARSHA T ORR 736 MARKET STREET STE 1600, CHATTANOOGA, TN 37402 | ADMINISTRATIVE ASSIS Highest-paid employee | 40 | $62,930 | $18,903 |
| PAUL K BROCK JR 736 MARKET SUITE STE 1600, CHATTANOOGA, TN 37402 | TRUSTEE | 2 | $0 | $0 |
| KEN JONES 736 MARKET SUITE STE 1600, CHATTANOOGA, TN 37402 | TRUSTEE | 2 | $0 | $0 |
| VALORIA ARMSTRONG 736 MARKET SUITE STE 1600, CHATTANOOGA, TN 37402 | TRUSTEE | 2 | $0 | $0 |
| ELAINE SWAFFORD 736 MARKET SUITE STE 1600, CHATTANOOGA, TN 37402 | TRUSTEE | 2 | $0 | $0 |
| STEPHEN CULP 736 MARKET SUITE STE 1600, CHATTANOOGA, TN 37402 | TRUSTEE | 2 | $0 | $0 |
| ERIC FULLER 736 MARKET SUITE STE 1600, CHATTANOOGA, TN 37402 | TRUSTEE | 2 | $0 | $0 |
| TODD WOMACK 736 MARKET SUITE STE 1600, CHATTANOOGA, TN 37402 | TRUSTEE | 2 | $0 | $0 |
990-PF for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SARAH MORGAN 736 MARKET SUITE STE 1600, CHATTANOOGA, TN 37402 | PRESIDENT | 40 | $275,000 | $47,258 |
| JEFF C PFITZER 736 MARKET STREET STE 1600, CHATTANOOGA, TN 37402 | PROGRAM OFFICER Highest-paid employee | 40 | $152,533 | $31,105 |
| LORI QUILLEN 736 MARKET STREET STE 1600, CHATTANOOGA, TN 37402 | PROGRAM OFFICER Highest-paid employee | 40 | $111,093 | $24,581 |
| CONNIE R PERRIN 736 MARKET STREET STE 1600, CHATTANOOGA, TN 37402 | ACCOUNTING & GRANTS Highest-paid employee | 40 | $96,371 | $23,975 |
| MARSHA T ORR 736 MARKET STREET STE 1600, CHATTANOOGA, TN 37402 | ADMINISTRATIVE ASSIS Highest-paid employee | 40 | $62,510 | $20,082 |
| PAUL K BROCK JR 736 MARKET SUITE STE 1600, CHATTANOOGA, TN 37402 | TRUSTEE | 2 | $0 | $0 |
| KEN JONES 736 MARKET SUITE STE 1600, CHATTANOOGA, TN 37402 | TRUSTEE | 2 | $0 | $0 |
| VALORIA ARMSTRONG 736 MARKET SUITE STE 1600, CHATTANOOGA, TN 37402 | TRUSTEE | 2 | $0 | $0 |
| ELAINE SWAFFORD 736 MARKET SUITE STE 1600, CHATTANOOGA, TN 37402 | TRUSTEE | 2 | $0 | $0 |
| STEPHEN CULP 736 MARKET SUITE STE 1600, CHATTANOOGA, TN 37402 | TRUSTEE | 2 | $0 | $0 |
| ERIC FULLER 736 MARKET SUITE STE 1600, CHATTANOOGA, TN 37402 | TRUSTEE | 2 | $0 | $0 |
| TODD WOMACK 736 MARKET SUITE STE 1600, CHATTANOOGA, TN 37402 | TRUSTEE | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 736 MARKET ST STE 1600, CHATTANOOGA, TN 37402-4812
- Signed the 990-PF
- SARAH MORGAN, PRESIDENT
- Phone
- (423) 267-4311
- Website
- WWW.BENWOOD.ORG
- Return prepared by
- ELLIOTT DAVIS ADVISORY 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 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
- 62-0476283
- 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
- 1946
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $103,903,953
- Income (IRS master file)
- $22,178,434
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $9,399,210 | $6,392,180 | $103,903,953 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $4,933,911 | $6,727,445 | $104,799,873 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | 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 62-0476283).
Questions about BENWOOD FOUNDATION INC
- What is the EIN of BENWOOD FOUNDATION INC?
- The employer identification number (EIN) of BENWOOD FOUNDATION INC is 62-0476283.
- Is BENWOOD FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1946.
- Are donations to BENWOOD FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does BENWOOD FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of BENWOOD 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 BENWOOD 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 BENWOOD FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 12 people; 5 received compensation from the organization, the highest $290,900 (SARAH MORGAN, PRESIDENT).
- How much revenue does BENWOOD FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $9,399,210, expenses of $6,392,180 and total assets of $103,903,953 at year end.
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