Nonprofit · EIN 63-1178245
GARRETT FOUNDATION INC
Tax-exempt · BESSEMER, AL 35022
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $4,220 | $5,746 | -$1,526 | $42,275 | $0 | $42,275 |
| December 31, 2024 | 990-PF | $4,270 | $31,665 | -$27,395 | $40,878 | $0 | $40,878 |
| December 31, 2023 | 990-PF | $11,030 | $1,824 | $9,206 | $66,874 | $0 | $66,874 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $4,220
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $5,746
Balance sheet and other
- Total assets, start of year
- $40,878
- Total assets, end of year
- $42,275
- Total liabilities, end of year
- $0
- Net assets, end of year
- $42,275
- Fair market value of assets
- $42,275
- Qualifying distributions
- $5,746
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERRY MAYFIELD 4954 EASTERN VALLEY ROAD, MCCALLA, AL 35111 | BOARD CHAIR/CEO | 1 | $0 |
| RICHARD PATTERSON 7012 BRIARWOOD LANE, LEEDS, AL 35094 | CFO | 1 | $0 |
990-PF for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERRY MAYFIELD 4954 EASTERN VALLEY ROAD, MCCALLA, AL 35111 | BOARD CHAIR/CEO | 1 | $0 |
| LT WARD JR 626 SOMERSET BLVD, BESSEMER, AL 35020 | CFO | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERRY MAYFIELD 4954 EASTERN VALLEY ROAD, MCCALLA, AL 35111 | BOARD CHAIR/CEO | 1 | $0 |
| VALERIE MORGAN 3597 HILLTOP ROAD SE, BESSEMER, AL 35022 | COO | 1 | $0 |
| LT WARD JR 626 SOMERSET BLVD, BESSEMER, AL 35020 | CFO | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 815 S MONTEZ DR, BESSEMER, AL 35022-4643
- Signed the 990-PF
- RICHARD PATTERSON, CFO
- Phone
- (205) 382-0106
- Return prepared by
- BORLAND BENEFIELD 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 | 990-PF 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
- 63-1178245
- 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
- 1997
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Arts, culture and humanities (A33Z)
- Assets (IRS master file)
- $42,275
- Income (IRS master file)
- $4,220
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $4,220 | $5,746 | $42,275 | IRS |
| 990-PF | December 2024 | $4,270 | $31,665 | $40,878 | XML |
| 990-PF | December 2023 | $11,030 | $1,824 | $66,874 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | 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 63-1178245).
Questions about GARRETT FOUNDATION INC
- What is the EIN of GARRETT FOUNDATION INC?
- The employer identification number (EIN) of GARRETT FOUNDATION INC is 63-1178245.
- Is GARRETT FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to GARRETT FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does GARRETT FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of GARRETT FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GARRETT FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of GARRETT FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does GARRETT FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $4,220, expenses of $5,746 and total assets of $42,275 at year end.
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