Nonprofit · EIN 81-2188516
PROJECT 58
Tax-exempt · LEXINGTON, NC 27292
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $14,936 | $269,180 | -$254,244 | $3,866,876 | $630 | $3,866,246 |
| December 31, 2023 | 990-PF | $60,080 | $788,700 | -$728,620 | $3,820,196 | $5,906 | $3,814,290 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $440
- Dividends
- $46,989
- Net gain from sales of assets
- -$32,493
Expenses
- Grants and similar amounts paid
- $7,690
- Disbursements for charitable purposes
- $7,690
- Excise tax on investment income
- $653
Balance sheet and other
- Total assets, start of year
- $3,820,196
- Total assets, end of year
- $3,866,876
- Total liabilities, end of year
- $630
- Net assets, end of year
- $3,866,246
- Fair market value of assets
- $2,098,879
- Qualifying distributions
- $7,690
- Net investment income
- $46,989
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 |
|---|---|---|---|
| ROY MORGAN 908 COUNTRY CLUB DR, LEXINGTON, NC 27292 | PRESIDENT | 8 | $0 |
| TODD BARTLETT 908 COUNTRY CLUB DR, LEXINGTON, NC 27292 | SECRETARY | 1 | $0 |
| SCOTT VAN EERDEN 908 COUNTRY CLUB DR, LEXINGTON, NC 27292 | TREASURER | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROY MORGAN 908 COUNTRY CLUB DR, LEXINGTON, NC 27292 | PRESIDENT | 8 | $0 |
| TODD BARTLETT 908 COUNTRY CLUB DR, LEXINGTON, NC 27292 | SECRETARY | 1 | $0 |
| SCOTT VAN EERDEN 908 COUNTRY CLUB DR, LEXINGTON, NC 27292 | TREASURER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 908 COUNTRY CLUB DR, LEXINGTON, NC 27292-5418
- Signed the 990-PF
- ROY MORGAN, PRESIDENT
- Return prepared by
- CORNERSTONE PLANNING LLC
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
- 81-2188516
- 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
- 2016
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Religion-related (X20)
- Assets (IRS master file)
- $3,866,876
- Income (IRS master file)
- $1,155,943
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $14,936 | $269,180 | $3,866,876 | XML |
| 990-PF | December 2023 | $60,080 | $788,700 | $3,820,196 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | 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 81-2188516).
Questions about PROJECT 58
- What is the EIN of PROJECT 58?
- The employer identification number (EIN) of PROJECT 58 is 81-2188516.
- Is PROJECT 58 tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to PROJECT 58 tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does PROJECT 58 file?
- Form 990-PF. Private foundations file every year.
- When is the next return of PROJECT 58 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 PROJECT 58 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 PROJECT 58?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does PROJECT 58 have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $14,936, expenses of $269,180 and total assets of $3,866,876 at year end.
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- GIVE EM JESUS EVANGELISTIC MINISTRY EIN 92-2717704 · last filed 990-N for 2025
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- KATARTIZO PLACE EIN 83-0632519 · last filed 990-N for 2025
All nonprofits in LEXINGTON · North Carolina · Religion-related