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Nonprofit · EIN 62-1147685

LOUIS R DRAUGHON FOUNDATION

Tax-exempt · BIRMINGHAM, AL 35202

Financials

$653K$378K2023$449K$396K2024
Revenue Expenses · by fiscal year end
Financials of LOUIS R DRAUGHON FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$448,839$396,471$52,368$4,520,395$0$4,520,395
December 31, 2023990-PF$652,953$377,620$275,333$4,469,728$0$4,469,728
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$141,739
Net rental income
$2,092
Net gain from sales of assets
$292,700

Expenses

Grants and similar amounts paid
$254,000
Compensation of officers, directors and key employees
$77,730
Disbursements for charitable purposes
$277,777
Excise tax on investment income
$4,735

Balance sheet and other

Total assets, start of year
$4,469,728
Total assets, end of year
$4,520,395
Total liabilities, end of year
$0
Net assets, end of year
$4,520,395
Fair market value of assets
$6,349,650
Qualifying distributions
$277,777
Net investment income
$448,189

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.

NameTitleHours / weekCompensation
REGIONS BANK
250 RIVERCHASE PARKWAY EAST, BIRMINGHAM, AL 35244
TRUSTEE1$65,230
ADELIA GAINES
5408 HWY 306, COLDWATER, MS 38618
COMMITTEE MEMBER1$2,500
SUSAN D OWENS
4115 LAHR ROAD, SPRINGFIELD, TN 37172
COMMITTEE MEMBER1$2,500
DAVID GUNN
1834 GUNN ROAD, SPRINGFIELD, TN 37172
COMMITTEE MEMBER1$2,500
BETTY LYNN RICHERT
816 SAVANNAH WEST COURT, SPRINGFIELD, TN 37172
COMMITTEE MEMBER1$2,500
LIZ COLLINS
4252 OAK GROVE DR, CARROLLTON, TX 75010
COMMITTEE MEMBER1$2,500
ALLEN TREY F GWINN III
2029 FASTRIDGE DR, MURFREESBORO, TN 37130
COMMITTEE MEMBER1$0
990-PF for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
REGIONS BANK TRUST DEPT
250 RIVERCHASE PARKWAY EAST, BIRMINGHAM, AL 35244
TRUSTEE1$96,358
ADELIA GAINES
5408 HWY 306, COLDWATER, MS 38618
COMMITTEE MEMBER1$0
SUSAN D OWENS
4115 LAHR ROAD, SPRINGFIELD, TN 37172
COMMITTEE MEMBER1$0
DAVID GUNN
1834 GUNN ROAD, SPRINGFIELD, TN 37172
COMMITTEE MEMBER1$0
BETTY LYNN RICHER
816 SAVANNAH WEST COURT, SPRINGFIELD, TN 37172
COMMITTEE MEMBER1$0
ALLEN TREY F GWINN III
2029 FASTRIDGE DR, MURFREESBORO, TN 37130
COMMITTEE MEMBER1$0

Address and contacts

Address (IRS master file)
PO BOX 11647, BIRMINGHAM, AL 35202-1647
Signed the 990-PF
REGIONS BANK TRUSTEE, TRUST OFFICER
Phone
(205) 820-3141
Return prepared by
PWC US TAX LLP

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
62-1147685
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
1983
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$4,520,395
Income (IRS master file)
$1,829,939

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$448,839$396,471$4,520,395XML
990-PFDecember 2023$652,953$377,620$4,469,728XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 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 62-1147685).

Questions about LOUIS R DRAUGHON FOUNDATION

What is the EIN of LOUIS R DRAUGHON FOUNDATION?
The employer identification number (EIN) of LOUIS R DRAUGHON FOUNDATION is 62-1147685.
Is LOUIS R DRAUGHON FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
Are donations to LOUIS R DRAUGHON FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does LOUIS R DRAUGHON FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of LOUIS R DRAUGHON FOUNDATION 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 LOUIS R DRAUGHON FOUNDATION 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 LOUIS R DRAUGHON FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 7 people; 6 received compensation from the organization, the highest $65,230 (REGIONS BANK, TRUSTEE).
How much revenue does LOUIS R DRAUGHON FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $448,839, expenses of $396,471 and total assets of $4,520,395 at year end.

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