Nonprofit · EIN 82-3575662
TOWN BRANCH FOUNDATION
Tax-exempt · BENTONVILLE, AR 72712
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $66,564,166 | $37,148,136 | $29,416,030 | $499,998,797 | $0 | $499,998,797 |
| December 31, 2023 | 990-PF | $30,794,095 | $45,804,542 | -$15,010,447 | $470,582,767 | $0 | $470,582,767 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $35,550,004
- Dividends
- $13,206,431
- Net gain from sales of assets
- $16,450,291
- Other income
- $1,357,440
Expenses
- Grants and similar amounts paid
- $29,982,571
- Compensation of officers, directors and key employees
- $986,004
- Disbursements for charitable purposes
- $34,126,768
- Excise tax on investment income
- $408,692
Balance sheet and other
- Total assets, start of year
- $470,582,767
- Total assets, end of year
- $499,998,797
- Total liabilities, end of year
- $0
- Net assets, end of year
- $499,998,797
- Fair market value of assets
- $611,949,923
- Qualifying distributions
- $113,869,285
- Net investment income
- $30,659,349
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 | Other / benefits |
|---|---|---|---|---|
| BUDDY D PHILPOT PO BOX 1860, BENTONVILLE, AR 72712 | SECRETARY (UNTIL 09/30/24) | 31 | $677,212 | $174,627 |
| MARC HOLLEY PO BOX 1860, BENTONVILLE, AR 72712 | VICE PRESIDENT (AS OF 09/30/24), EXECUTIVE DIRECTOR | 30 | $308,792 | $79,626 |
| JIM C WALTON PO BOX 1860, BENTONVILLE, AR 72712 | DIRECTOR, CO-PRESIDENT | 1 | $0 | $0 |
| LUKE MITCHELL PO BOX 1860, BENTONVILLE, AR 72712 | TREASURER | 0.5 | $0 | $0 |
| LYNNE WALTON PO BOX 1860, BENTONVILLE, AR 72712 | DIRECTOR, Vice President (Until 09/30/24), Co-President (As of 09/30/24) | 1 | $0 | $0 |
| JEFF DEAN PO BOX 1860, BENTONVILLE, AR 72712 | SECRETARY (FROM 09/30/24) | 0.5 | $0 | $0 |
990-PF for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BUDDY D PHILPOT PO BOX 1860, BENTONVILLE, AR 72712 | SECRETARY | 31 | $589,326 | $151,964 |
| JIM C WALTON PO BOX 1860, BENTONVILLE, AR 72712 | DIRECTOR, PRESIDENT | 1 | $0 | $0 |
| LUKE MITCHELL PO BOX 1860, BENTONVILLE, AR 72712 | TREASURER (FROM 12/21/23) | 0.5 | $0 | $0 |
| ROBERT A SMITH PO BOX 1860, BENTONVILLE, AR 72712 | TREASURER (UNTIL 12/21/23) | 0.5 | $0 | $0 |
| MARC HOLLEY PO BOX 1860, BENTONVILLE, AR 72712 | EXECUTIVE DIRECTOR (FROM 12/21/23) | 30 | $0 | $0 |
| LYNNE M WALTON PO BOX 1860, BENTONVILLE, AR 72712 | DIRECTOR, VICE PRESIDENT | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1860, BENTONVILLE, AR 72712-1860
- In care of
- % TIM KEITH
- Signed the 990-PF
- BUDDY D PHILPOT, SECRETARY
- Phone
- (479) 464-1570
- Return prepared by
- WALTON ENTERPRISES 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
- 82-3575662
- 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
- 2018
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $499,998,797
- Income (IRS master file)
- $139,123,848
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $66,564,166 | $37,148,136 | $499,998,797 | XML |
| 990-PF | December 2023 | $30,794,095 | $45,804,542 | $470,582,767 | 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 82-3575662).
Questions about TOWN BRANCH FOUNDATION
- What is the EIN of TOWN BRANCH FOUNDATION?
- The employer identification number (EIN) of TOWN BRANCH FOUNDATION is 82-3575662.
- Is TOWN BRANCH FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to TOWN BRANCH FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does TOWN BRANCH FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of TOWN BRANCH FOUNDATION 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 TOWN BRANCH FOUNDATION 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 TOWN BRANCH FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 6 people; 2 received compensation from the organization, the highest $677,212 (BUDDY D PHILPOT, SECRETARY (UNTIL 09/30/24)).
- How much revenue does TOWN BRANCH FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $66,564,166, expenses of $37,148,136 and total assets of $499,998,797 at year end.
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