Nonprofit · EIN 68-0623396
GLOUCESTER INSTITUTE INC
Tax-exempt · GLOUCESTER, VA 23061
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,075,676 | $898,692 | $176,984 | $2,153,120 | $2,984,959 | -$831,839 |
| December 31, 2023 | 990 (amended) | $626,516 | $1,105,618 | -$479,102 | $1,858,518 | $2,867,341 | -$1,008,823 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $949,673
- Program service revenue
- $125,660
- Investment income
- $15
- Other revenue
- $328
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $77,837
- Other salaries and wages
- $273,119
- Salaries, compensation and benefits (total)
- $373,733
- Professional fundraising fees
- $0
- Accounting fees
- $11,600
- Occupancy
- $95,311
- Travel
- $1,220
- Depreciation
- $102,559
- Program services (functional)
- $568,417
- Management and general (functional)
- $295,895
- Fundraising (functional)
- $34,380
Balance sheet and other
- Total assets, start of year
- $1,858,518
- Total assets, end of year
- $2,153,120
- Total liabilities, end of year
- $2,984,959
- Net assets, end of year
- -$831,839
- Land, buildings and equipment
- $1,642,490
- Net assets without donor restrictions
- -$831,839
- Gross receipts
- $1,075,676
- Employees
- 9
- Volunteers
- 15
- Year formed
- 2004
- State of legal domicile
- VA
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RAYMOND JAMES | EXEC DIRECTOR Highest-paid employee | 40 | $76,372 | $1,467 |
| KAY JAMES | BOAD CHAIR Trustee or director, Officer | 20 | $0 | $0 |
| WILLAM NANCE | TREASURER Trustee or director | 1 | $0 | $0 |
| MAURICE KUYKENDOLL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DARRELL JORDAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELIZABETH LEVEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARL ELLIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WINONA COLES | EXEC DIRECTOR Officer, Key employee | 40 | $62,292 |
| JOHN LITTEL ESQ | DIRECTOR Trustee or director | 2 | $0 |
| ELIZABETH LEVEL | DIRECTOR Trustee or director | 2 | $0 |
| CARL ELLIS | DIRECTOR Trustee or director | 2 | $0 |
| KAY COLES JAMES | BOARD CHAIR Trustee or director | 10 | $0 |
| WILLIAM NANCE | TREASURER Trustee or director | 2 | $0 |
| MAURICE KUYKENDOLL | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 3201 LEADERSHIP DR, GLOUCESTER, VA 23061-3470
- In care of
- % RAYMOND JAMES
- Signed the 990
- RAYMOND JAMES, EXEC DIRECTOR
- Phone
- (804) 693-2210
- Return prepared by
- VA FIRST FINANCIAL SERVICES LLC
Mission
TO PROVIDE AN INTELLECTUALLY SAFE ENVIRONMENT WHERE IDEAS CAN BE DISCUSSED AND TRANSFORMED INTO PRACTICAL SOLUTIONS THAT PRODUCE RESULTS. TO CULTIVATE A SOCIETY OF SOLTIONISTS WITHIN THE MINORITY COMMUNITITES. EQUIP SCHOLARS WITH THE INTELLECTUAL, MORAL, AND FINANCIAL SUPPOR
Program accomplishments
- EMERGING LEADERS PROGRAM ELP STRENGTHENS STUDENTS CORE WRITING, SPEAKING, AND CRITICAL THINKING SKILLS. EMERGING LEADERS ENGAGED IN UNIQUE LEARNING AND MENTORING OPPORTUNITIES THAT CORRESPOND TO THEIR PERSONAL DEVELOPMENT AND LEADERSHIP CAPABILITIESExpenses $568,417
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 68-0623396
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B60)
- Assets (IRS master file)
- $2,153,120
- Income (IRS master file)
- $1,075,676
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,075,676 | $898,692 | $2,153,120 | XML |
| 990 | December 2023 | $626,516 | $1,105,618 | $1,858,518 | XML |
| 990 | December 2022 | $667,814 | $884,219 | $2,210,321 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | 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 68-0623396).
Questions about GLOUCESTER INSTITUTE INC
- What is the EIN of GLOUCESTER INSTITUTE INC?
- The employer identification number (EIN) of GLOUCESTER INSTITUTE INC is 68-0623396.
- Is GLOUCESTER INSTITUTE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to GLOUCESTER INSTITUTE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GLOUCESTER INSTITUTE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GLOUCESTER INSTITUTE 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 GLOUCESTER INSTITUTE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of GLOUCESTER INSTITUTE INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $76,372 (RAYMOND JAMES, EXEC DIRECTOR).
- How much revenue does GLOUCESTER INSTITUTE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,075,676, expenses of $898,692 and total assets of $2,153,120 at year end.
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