Nonprofit · EIN 84-4258309
LEWIS AND NANCY ATWATER FOUNDATION
Tax-exempt (reinstated) · RALEIGH, NC 27616
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $8,854 | $5,070 | $3,784 | $5,846 | $0 | $5,846 |
| December 31, 2024 | 990-EZ | $3,049 | $4,500 | -$1,451 | $2,062 | $0 | $2,062 |
| December 31, 2023 | 990-EZ | $7,620 | $5,282 | $2,338 | $3,513 | $0 | $3,513 |
| December 31, 2022 | 990-EZ | $4,175 | $8,252 | -$4,077 | $1,175 | $0 | $1,175 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $8,854
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fees and payments to contractors
- $800
- Other expenses
- $4,270
Balance sheet and other
- Total assets, start of year
- $2,062
- Total assets, end of year
- $5,846
- Total liabilities, end of year
- $0
- Net assets, end of year
- $5,846
- Cash, savings and investments
- $5,846
- Gross receipts
- $8,854
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Koren D Townsend | President | 20 | $0 |
| Lewis Atwater Jr | Board Member | 20 | $0 |
| Mitchell Townsend | Board Member | 20 | $0 |
| Clarence Clayton | Board Member | 20 | $0 |
990-EZ for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Koren D Townsend | President | 30 | $0 |
| Lewis Atwater Jr | Board Member | 15 | $0 |
| Mitchell Townsend | Board Member | 5 | $0 |
| Clarence Clayton | Board Member | 5 | $0 |
990-EZ for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Koren D Townsend | President | 30 | $0 |
| Lewis Atwater Jr | Board Member | 15 | $0 |
| Mitchell Townsend | Board Member | 5 | $0 |
| Clarence Clayton | Board Member | 5 | $0 |
990-EZ for the year ended December 31, 2022: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Koren D Townsend | President | 30 | $0 |
| Lewis Atwater Jr | Board Member | 15 | $0 |
| Mitchell Townsend | Board Member | 5 | $0 |
| Clarence Clayton | Board Member | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 3016 SLIPPERY CREEK CT, RALEIGH, NC 27616-8412
- In care of
- % KOREN D TOWNSEND
- Signed the 990-EZ
- Koren D Townsend, President
- Phone
- (919) 539-6137
- Return prepared by
- Victorious Accounting
Mission
To provide opportunities that broaden the worldviews of underrepresented students, enhance their academic and social development, increase exposure to STEM-related activities, and deepen their understanding of cultural relevance.
Program accomplishments
- The Atwater Foundation partnered with the Lawrence and Irene Clark Academy to deliver a week-long, hands-on, project-based STEM and Leadership Academy for rising 4th-grade students at Southeast Raleigh Elementary School in Raleigh, NC. This program provided underrepresented students with opportunities to expand their worldviews, strengthen academic and social skills, engage in STEM-related activities, and explore the cultural relevance of their learning experiences.
- In 2025, for the sixth year, The Atwater Foundation partnered with Lawrence and Irene Clark Academy to provide a week long STEM academy at Combs Magnet Elementary School in Raleigh, NC.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 84-4258309
- 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
- 2024
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $5,846
- Income (IRS master file)
- $8,854
Revocation and reinstatement
- Exemption revoked
- May 15, 2024
- Posted by the IRS
- August 12, 2024
- Reinstated
- Effective May 15, 2024
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $8,854 | $5,070 | $5,846 | XML |
| 990-EZ | December 2024 | $3,049 | $4,500 | $2,062 | XML |
| 990-EZ | December 2023 | $7,620 | $5,282 | $3,513 | XML |
| 990-EZ | December 2022 | $4,175 | $8,252 | $1,175 | XML |
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 84-4258309).
Questions about LEWIS AND NANCY ATWATER FOUNDATION
- What is the EIN of LEWIS AND NANCY ATWATER FOUNDATION?
- The employer identification number (EIN) of LEWIS AND NANCY ATWATER FOUNDATION is 84-4258309.
- Is LEWIS AND NANCY ATWATER FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2024 and reinstated it effective May 15, 2024.
- Are donations to LEWIS AND NANCY ATWATER FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LEWIS AND NANCY ATWATER FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of LEWIS AND NANCY ATWATER 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 LEWIS AND NANCY ATWATER FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of LEWIS AND NANCY ATWATER FOUNDATION?
- The 990-EZ for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does LEWIS AND NANCY ATWATER FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $8,854, expenses of $5,070 and total assets of $5,846 at year end.
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