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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 85-3109760

I AM FOUNDATION

Tax-exempt (reinstated) · GREENSBORO, NC 27407

Financials

$466$13K2023$2K$1K2024
Revenue Expenses · by fiscal year end
Financials of I AM FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$1,984$1,316$668$150,254–$150,254
December 31, 2023990-EZ$466$13,375-$12,909$149,586–$149,586
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$1,984

Expenses

Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fees and payments to contractors
$150
Printing, publications and postage
$1,166
Program services (functional)
$1,316

Balance sheet and other

Total assets, start of year
$149,586
Total assets, end of year
$150,254
Total liabilities, end of year
–
Net assets, end of year
$150,254
Cash, savings and investments
$150,254
Gross receipts
$1,984

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
Dennis NewmanBoard Chair15$0
Shannell LucasBoard Vice-Chair10$0
Herman LucasBoard Treasurer1$0
Bernetta SmithBoard Secretary2$0
990-EZ for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
Dennis NewmanBoard Chair15$0
Shannell LucasBoard Vice-Chair10$0
Herman LucasBoard Treasurer1$0
Bernetta SmithBoard Secretary2$0

Address and contacts

Address (IRS master file)
2216 W MEADOWVIEW RD STE 109, GREENSBORO, NC 27407-3401
In care of
% DENNIS NEWSOM
Signed the 990-EZ
Dennis Newman, Board Chair

Mission

The foundations mission is to bring awareness of and access to Mental Health abuse and other related issues that affect individuals families and the community at large

990-EZ for the year ended December 31, 2024

Program accomplishments

  • Community Outreach partnerships with four organizations to bring clothing food and school supplies to children in two neighborhoods.
    Expenses $800
  • Enhanced skill levels of volunteer staff - this area was focused on to increase knowledge of those helping the participants in the program find resources when few exist.
    Expenses $516

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

File the 2025 990-N for I AM FOUNDATION

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
85-3109760
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
2023
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$150,254
Income (IRS master file)
$1,984

Revocation and reinstatement

Exemption revoked
May 15, 2023
Posted by the IRS
August 14, 2023
Reinstated
Effective May 15, 2023

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$1,984$1,316$150,254XML
990-EZDecember 2023$466$13,375$149,586XML

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 85-3109760).

Questions about I AM FOUNDATION

What is the EIN of I AM FOUNDATION?
The employer identification number (EIN) of I AM FOUNDATION is 85-3109760.
Is I AM FOUNDATION tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2023 and reinstated it effective May 15, 2023.
Are donations to I AM FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does I AM FOUNDATION file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of I AM 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 I AM FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who are the officers and directors of I AM FOUNDATION?
The 990-EZ for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does I AM FOUNDATION have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $1,984, expenses of $1,316 and total assets of $150,254 at year end.

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