Nonprofit · EIN 75-3052579
CB FOUNDATION INC
Tax-exempt · FLOWOOD, MS 39232
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $350,000 | $23,512 | $326,488 | $570,023 | $0 | $570,023 |
| December 31, 2024 | 990-PF | $8,687 | $321,064 | -$312,377 | $243,535 | $0 | $243,535 |
| December 31, 2023 | 990-PF | $23,322 | $277,461 | -$254,139 | $555,912 | $0 | $555,912 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $350,000
Expenses
- Grants and similar amounts paid
- $22,000
- Disbursements for charitable purposes
- $22,000
Balance sheet and other
- Total assets, start of year
- $243,535
- Total assets, end of year
- $570,023
- Total liabilities, end of year
- $0
- Net assets, end of year
- $570,023
- Fair market value of assets
- $570,023
- Qualifying distributions
- $22,000
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 |
|---|---|---|---|
| THOMAS W COLBERT 1905 COMMUNITY BANK WAY SUITE 1, FLOWOOD, MS 39232 | CHAIRMAN | 1 | $0 |
| CHARLES W NICHOLSON JR 1905 COMMUNITY BANK WAY SUITE 2, FLOWOOD, MS 39232 | PRESIDENT | 1 | $0 |
| WILLIAM C LEHR 1905 COMMUNITY BANK WAY SUITE 5, FLOWOOD, MS 39232 | SEC/TREAS | 1 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS W COLBERT 1905 COMMUNITY BANK WAY SUITE 5, FLOWOOD, MS 39232 | CHAIRMAN | 1 | $0 |
| FREDDIE J BAGLEY PO BOX 1869, BRANDON, MS 39043 | PRESIDENT | 1 | $0 |
| WILLIAM C LEHR 1905 COMMUNITY BANK WAY SUITE 5, FLOWOOD, MS 39232 | SEC/TREAS | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS W COLBERT 1905 COMMUNITY BANK WAY SUITE 5, FLOWOOD, MS 39232 | CHAIRMAN | 1 | $0 |
| FREDDIE J BAGLEY PO BOX 1869, BRANDON, MS 39043 | PRESIDENT | 1 | $0 |
| WILLIAM C LEHR 1905 COMMUNITY BANK WAY SUITE 5, FLOWOOD, MS 39232 | SEC/TREAS | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1905 COMMUNITY BANK WAY, FLOWOOD, MS 39232-1220
- In care of
- % WILLIAM C LEHR
- Signed the 990-PF
- WILLIAM C LEHR, SECRETARY
- Phone
- (601) 825-4323
- Return prepared by
- PRICE & CO PA
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
- 75-3052579
- 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
- 2003
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $570,023
- Income (IRS master file)
- $350,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $350,000 | $23,512 | $570,023 | XML |
| 990-PF | December 2024 | $8,687 | $321,064 | $243,535 | XML |
| 990-PF | December 2023 | $23,322 | $277,461 | $555,912 | 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 75-3052579).
Questions about CB FOUNDATION INC
- What is the EIN of CB FOUNDATION INC?
- The employer identification number (EIN) of CB FOUNDATION INC is 75-3052579.
- Is CB FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to CB FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CB FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CB 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 CB 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 CB FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does CB FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $350,000, expenses of $23,512 and total assets of $570,023 at year end.
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