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Nonprofit · EIN 62-1383398

THE ELMS FOUNDATION

Tax-exempt · FRANKLIN, VA 23851

Financials

$411K$448K2023$364K$445K2024
Revenue Expenses · by fiscal year end
Financials of THE ELMS FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$363,992$445,232-$81,240$1,050,027$771$1,049,256
December 31, 2023990-PF$410,657$448,178-$37,521$1,130,913$417$1,130,496
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$404,000
Interest
$8,896
Net gain from sales of assets
-$48,995
Other income
$91

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$252,985
Disbursements for charitable purposes
$415,486
Excise tax on investment income
$124

Balance sheet and other

Total assets, start of year
$1,130,913
Total assets, end of year
$1,050,027
Total liabilities, end of year
$771
Net assets, end of year
$1,049,256
Fair market value of assets
$656,131
Qualifying distributions
$415,486
Net investment income
$8,896

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
MICHAEL W JOHNSON
31477 UNITY RD, SEDLEY, VA 23878
SECRETARY40$163,392
KAYE W STORY
175 BOBWHITE LN, FRANKLIN, VA 23851
ASST SECRETA40$89,593
P DOUGLAS CAMP IV
4112 SOUTHAMPTON RD, RICHMOND, VA 23225
DIRECTOR1$0
JOHN M CAMP III
110 FRANKLIN STREET, ALEXANDRIA, VA 22314
PRES/TREAS1$0
PDC MARKS JR
31 HUNTWICK COURT, COLUMBIA, SC 29206
VP1$0
JANE W BLAKE
816 WELLINGTON WAY, MADISON, MS 391107749
DIRECTOR1$0
JOHN R MARKS
209 MEADOW LANE, FRANKLIN, VA 23851
DIRECTOR1$0
990-PF for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
MICHAEL W JOHNSON
31477 UNITY RD, SEDLEY, VA 23878
SECRETARY40$163,808
KAYE W STORY
175 BOBWHITE LN, FRANKLIN, VA 23851
ASST SECRETA40$86,901
P DOUGLAS CAMP IV
4112 SOUTHAMPTON RD, RICHMOND, VA 23225
DIRECTOR1$0
JOHN M CAMP III
110 FRANKLIN STREET, ALEXANDRIA, VA 22314
PRES/TREAS1$0
PDC MARKS JR
31 HUNTWICK COURT, COLUMBIA, SC 29206
VP1$0
JANE W BLAKE
816 WELLINGTON WAY, MADISON, MS 391107749
DIRECTOR1$0
JOHN R MARKS
209 MEADOW LANE, FRANKLIN, VA 23851
DIRECTOR1$0

Address and contacts

Address (IRS master file)
PO BOX 813, FRANKLIN, VA 23851-0813
In care of
% BOBBY B WORRELL
Signed the 990-PF
MICHAEL W JOHNSON, SECRETARY
Phone
(757) 562-3439
Return prepared by
BARNES BROCK CORNWELL & PAINTER PLC

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
62-1383398
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private operating foundation
Donations deductible (Pub 78)
Private operating foundation, 50% limit
Exempt since
1987
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$1,050,027
Income (IRS master file)
$412,987

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$363,992$445,232$1,050,027XML
990-PFDecember 2023$410,657$448,178$1,130,913XML
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 62-1383398).

Questions about THE ELMS FOUNDATION

What is the EIN of THE ELMS FOUNDATION?
The employer identification number (EIN) of THE ELMS FOUNDATION is 62-1383398.
Is THE ELMS FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
Are donations to THE ELMS FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
Which annual return does THE ELMS FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of THE ELMS 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 THE ELMS 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 THE ELMS FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 7 people; 2 received compensation from the organization, the highest $163,392 (MICHAEL W JOHNSON, SECRETARY).
How much revenue does THE ELMS FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $363,992, expenses of $445,232 and total assets of $1,050,027 at year end.

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