Nonprofit · EIN 63-0885492
THE MELVIN AND VIRGINIA HUTSON FOUNDATION
Tax-exempt · DECATUR, AL 35602
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $292,993 | $609,842 | -$316,849 | $6,982,424 | $0 | $6,982,424 |
| December 31, 2023 | 990-PF | $339,172 | $648,197 | -$309,025 | $7,299,273 | $0 | $7,299,273 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $362,312
- Net gain from sales of assets
- -$69,319
Expenses
- Grants and similar amounts paid
- $520,000
- Compensation of officers, directors and key employees
- $9,175
- Disbursements for charitable purposes
- $526,128
- Excise tax on investment income
- $4,007
Balance sheet and other
- Total assets, start of year
- $7,299,273
- Total assets, end of year
- $6,982,424
- Total liabilities, end of year
- $0
- Net assets, end of year
- $6,982,424
- Fair market value of assets
- $10,375,282
- Qualifying distributions
- $526,128
- Net investment income
- $362,312
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 |
|---|---|---|---|
| MIKE STERYOUS 5141 WAXMYRTLE DRIVE, ROANOKE, VA 24019 | VP/SECRETARY | 1 | $4,775 |
| KENTON STERYOUS 78 GLOUCESTER CT, TROUTVILLE, VA 24175 | TREASURER | 0 | $3,400 |
| KAREN W TRUITT 3709 SABINE COURT SW, DECATUR, AL 35603 | PRESIDENT | 10 | $1,000 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN W TRUITT 3709 SABINE COURT SW, DECATUR, AL 35603 | PRESIDENT | 10 | $51,000 |
| MIKE STERYOUS 5141 WAXMYRTLE DRIVE, ROANOKE, VA 24019 | VP/SECRETARY | 1 | $5,100 |
| KENTON STERYOUS 78 GLOUCESTER CT, TROUTVILLE, VA 24175 | TREASURER | 0 | $3,400 |
Address and contacts
- Address (IRS master file)
- PO BOX 2716, DECATUR, AL 35602-2716
- Signed the 990-PF
- KAREN W TRUITT, PRESIDENT
- Phone
- (256) 353-1611
- Return prepared by
- BYRD SMALLEY & ADAMS PC
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
- 63-0885492
- 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
- 1984
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $6,982,424
- Income (IRS master file)
- $1,924,144
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $292,993 | $609,842 | $6,982,424 | XML |
| 990-PF | December 2023 | $339,172 | $648,197 | $7,299,273 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | 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 63-0885492).
Questions about THE MELVIN AND VIRGINIA HUTSON FOUNDATION
- What is the EIN of THE MELVIN AND VIRGINIA HUTSON FOUNDATION?
- The employer identification number (EIN) of THE MELVIN AND VIRGINIA HUTSON FOUNDATION is 63-0885492.
- Is THE MELVIN AND VIRGINIA HUTSON FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to THE MELVIN AND VIRGINIA HUTSON FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THE MELVIN AND VIRGINIA HUTSON FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THE MELVIN AND VIRGINIA HUTSON 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 MELVIN AND VIRGINIA HUTSON 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 MELVIN AND VIRGINIA HUTSON FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 3 received compensation from the organization, the highest $4,775 (MIKE STERYOUS, VP/SECRETARY).
- How much revenue does THE MELVIN AND VIRGINIA HUTSON FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $292,993, expenses of $609,842 and total assets of $6,982,424 at year end.
Other nonprofits in DECATUR
- COMMUNITY ACTION PARTNERSHIP OF NORTH ALABAMA INC EIN 63-0514875 · last filed 990 for 2024
- UNITED WAY OF MORGAN COUNTY EIN 63-0358762 · last filed 990 for 2025
- DECATUR CITY SCHOOLS FOUNDATION EIN 58-2004353 · last filed 990 for 2025
- GILLETTE FAMILY FOUNDATION EIN 47-6813362 · last filed 990-PF for 2025
- EARL FOUNDATION EIN 63-1216290 · last filed 990-PF for 2025
- GREENPOINT FOUNDATION INC EIN 88-1414904 · last filed 990-PF for 2025
- DECATUR MORGAN COUNTY MINORITY DEVELOPMENT ASSN EIN 63-1104566 · last filed 990 for 2025
- SOLLEY FOUNDATION EIN 26-3659563 · last filed 990-PF for 2025
All nonprofits in DECATUR · Alabama · Philanthropy, voluntarism and grantmaking foundations