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Nonprofit · EIN 86-3072089

FOUNDATION 2540 INC

Tax-exempt · MOCKSVILLE, NC 27028

Financials

$161K$128K2023$238K$128K2024$164K$133K2025
Revenue Expenses · by fiscal year end
Financials of FOUNDATION 2540 INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$164,102$132,510$31,592$188,668$1,500$187,168
December 31, 2024990-PF$237,915$127,900$110,015$155,576$0$155,576
December 31, 2023990-PF$161,419$127,925$33,494$45,561$0$45,561
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$145,902
Net rental income
$17,991

Expenses

Grants and similar amounts paid
$130,200
Disbursements for charitable purposes
$130,200
Excise tax on investment income
$250

Balance sheet and other

Total assets, start of year
$155,576
Total assets, end of year
$188,668
Total liabilities, end of year
$1,500
Net assets, end of year
$187,168
Fair market value of assets
$188,668
Qualifying distributions
$130,200
Net investment income
$18,200

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.

NameTitleHours / weekCompensation
DANIEL L CLARK
1839 JAKE ALEXANDER BLVD W, SALISBURY, NC 28147
TREASURER0$0
BOBBY EATON
440 HOFFMAN LANE, SALISBURY, NC 28147
BOARD MEMBER0$0
DAVID WEAVER
215 ADAMS ROAD, MOCKSVILLE, NC 27028
CHAIRMAN0$0
JUSTUS EATON
134 GLEENWOOD ROAD, MOCKSVILLE, NC 27028
SECRETARY0$0
CLINT JUNKER
936 US HIGHWAY 64 E, MOCKSVILLE, NC 27028
VICE CHAIRMA0$0
CHRISTA RAMIREZ
165 FLACO LANE, MOCKSVILLE, NC 27028
BOARD MEMBER0$0
990-PF for the year ended December 31, 2024: 5 people
NameTitleHours / weekCompensation
DANIEL L CLARK
1839 JAKE ALEXANDER BLVD W, SALISBURY, NC 28147
TREASURER0$0
BOBBY EATON
440 HOFFMAN LANE, SALISBURY, NC 28147
BOARD MEMBER0$0
DAVID WEAVER
215 ADAMS ROAD, MOCKSVILLE, NC 28147
CHAIRMAN0$0
JUSTUS EATON
134 GLENWOOD ROAD, MOCKSVILLE, NC 27028
SECRETARY0$0
MATTHEW PEACHEY
1014 STARDUSK DR, WOODLEAF, NC 27054
VICE CHAIRMA0$0
990-PF for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
PAUL D WEAVER
4020 SHERRILLS FORD ROAD, SALISBURY, NC 28147
TREASURER0$0
BOBBY EATON
440 HOFFMAN LANE, SALISBURY, NC 28147
BOARD MEMBER0$0
DAVID WEAVER
215 ADAMS ROAD, MOCKSVILLE, NC 28147
CHAIRMAN0$0
JUSTUS EATON
134 GLENWOOD ROAD, MOCKSVILLE, NC 27028
SECRETARY0$0
MATTHEW PEACHEY
1014 STARDUSK DR, WOODLEAF, NC 27054
VICE CHAIRMA0$0

Address and contacts

Address (IRS master file)
PO BOX 37, MOCKSVILLE, NC 27028-0037
In care of
% PD WEAVER
Signed the 990-PF
DANIEL L CLARK, TREASURER
Phone
(704) 929-5864
Return prepared by
DAVIS GROUP PA CPAS

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
86-3072089
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
2023
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$188,668
Income (IRS master file)
$164,102

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$164,102$132,510$188,668IRS
990-PFDecember 2024$237,915$127,900$155,576XML
990-PFDecember 2023$161,419$127,925$45,561XML
990-PFDecember 2022–––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 86-3072089).

Questions about FOUNDATION 2540 INC

What is the EIN of FOUNDATION 2540 INC?
The employer identification number (EIN) of FOUNDATION 2540 INC is 86-3072089.
Is FOUNDATION 2540 INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
Are donations to FOUNDATION 2540 INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does FOUNDATION 2540 INC file?
Form 990-PF. Private foundations file every year.
When is the next return of FOUNDATION 2540 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 FOUNDATION 2540 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 FOUNDATION 2540 INC?
The 990-PF for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
How much revenue does FOUNDATION 2540 INC have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $164,102, expenses of $132,510 and total assets of $188,668 at year end.

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