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Nonprofit · EIN 75-2741045

CHARLES C MATTHEWS FOUNDATION

Tax-exempt · CARTHAGE, TX 75633

Financials

$1.3M$1.1M2024$1.3M$1.2M2025
Revenue Expenses · by fiscal year end
Financials of CHARLES C MATTHEWS FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$1,299,419$1,225,640$73,779$13,729,792$0$13,729,792
December 31, 2024990-PF$1,323,608$1,125,498$198,110$13,666,132$0$13,666,132
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Dividends
$218,711
Interest
$617
Net rental income
-$832
Net gain from sales of assets
$469,757
Other income
$603,334

Expenses

Grants and similar amounts paid
$814,300
Compensation of officers, directors and key employees
$332,500
Disbursements for charitable purposes
$904,905
Excise tax on investment income
$14,216

Balance sheet and other

Total assets, start of year
$13,666,132
Total assets, end of year
$13,729,792
Total liabilities, end of year
$0
Net assets, end of year
$13,729,792
Fair market value of assets
$21,089,489
Qualifying distributions
$904,905
Net investment income
$1,343,458

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.

NameTitleHours / weekCompensation
ROBERT M UNDERWOOD
PO BOX 1138, CARTHAGE, TX 75633
TRUSTEE10$67,500
RICHARD BALLENGER
1276 STATE HWY 149, CARTHAGE, TX 75633
TRUSTEE7.5$67,500
DAVID BUSH
665 CR 403, CARTHAGE, TX 75633
TRUSTEE7.5$67,500
JIMMY D PAYNE
CR 304, CARTHAGE, TX 75633
TRUSTEE2.5$65,000
VERMOYN D REEDER
110 CR 1081, CARTHAGE, TX 75633
TRUSTEE2.5$65,000
990-PF for the year ended December 31, 2024: 5 people
NameTitleHours / weekCompensation
ROBERT M UNDERWOOD
PO BOX 1138, CARTHAGE, TX 75633
TRUSTEE10$65,000
RICHARD BALLENGER
1276 STATE HWY 149, CARTHAGE, TX 75633
TRUSTEE7.5$65,000
JIMMY D PAYNE
CR 304, CARTHAGE, TX 75633
TRUSTEE2.5$65,000
DAVID BUSH
665 CR 403, CARTHAGE, TX 75633
TRUSTEE7.5$65,000
VERMOYN D REEDER
110 CR 1081, CARTHAGE, TX 75633
TRUSTEE2.5$65,000

Address and contacts

Address (IRS master file)
PO BOX 1138, CARTHAGE, TX 75633-7138
In care of
% CHARLES C MATTHEWS
Signed the 990-PF
ROBERT M UNDERWOOD, TRUSTEE
Phone
(903) 693-9191
Return prepared by
RAYMOND SCHIEFFER PC CPA

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, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
75-2741045
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
1999
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$13,729,792
Income (IRS master file)
$1,433,599

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025–––IRS
990-PFDecember 2024–––IRS
990-PFDecember 2023$747,368$1,186,888$13,473,748IRS
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about CHARLES C MATTHEWS FOUNDATION

What is the EIN of CHARLES C MATTHEWS FOUNDATION?
The employer identification number (EIN) of CHARLES C MATTHEWS FOUNDATION is 75-2741045.
Is CHARLES C MATTHEWS FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
Are donations to CHARLES C MATTHEWS FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does CHARLES C MATTHEWS FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of CHARLES C MATTHEWS FOUNDATION 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 CHARLES C MATTHEWS FOUNDATION 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 CHARLES C MATTHEWS FOUNDATION?
The 990-PF for the year ended December 31, 2025 lists 5 people; 5 received compensation from the organization, the highest $67,500 (ROBERT M UNDERWOOD, TRUSTEE).
How much revenue does CHARLES C MATTHEWS FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $1,299,419, expenses of $1,225,640 and total assets of $13,729,792 at year end.

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