Nonprofit · EIN 87-2789816
DONOVAN AND BANK FOUNDATION
Tax-exempt · WILMINGTON, NC 28405
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,272,299 | $1,007,112 | $265,187 | $488,664 | $23,756 | $464,908 |
| December 31, 2024 | 990 | $838,148 | $828,302 | $9,846 | $207,723 | $10,771 | $196,952 |
| December 31, 2023 | 990 | $890,210 | $884,041 | $6,169 | $209,257 | $21,150 | $188,107 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,256,828
- Program service revenue
- $0
- Investment income
- $15,309
- Other revenue
- $162
Expenses
- Grants and similar amounts paid
- $11,925
- Compensation of officers, directors and key employees
- $170,000
- Other salaries and wages
- $100,000
- Salaries, compensation and benefits (total)
- $309,591
- Professional fundraising fees
- $1,181
- Legal fees
- $138
- Accounting fees
- $1,565
- Travel
- $3,697
- Program services (functional)
- $905,455
- Management and general (functional)
- $43,052
- Fundraising (functional)
- $58,605
Balance sheet and other
- Total assets, start of year
- $207,723
- Total assets, end of year
- $488,664
- Total liabilities, end of year
- $23,756
- Net assets, end of year
- $464,908
- Publicly traded securities
- $43,174
- Net assets without donor restrictions
- $464,908
- Gross unrelated business income
- $162
- Gross receipts
- $1,272,299
- Employees
- 4
- Volunteers
- 25
- State of legal domicile
- NC
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 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANDREW STAMP | COO Officer | 40 | $90,000 | $4,065 |
| PAUL J TOOLAN | EXECUTIVE DI Officer | 40 | $80,000 | $12,800 |
| THOMAS ALDRICH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSH FORMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRIS MILLER | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS ALDRICH | DIRECTOR Trustee or director | 1 | $0 |
| JOSH FORMAN | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS MILLER | CHAIRMAN Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS ALDRICH | DIRECTOR Trustee or director | 1 | $0 |
| JOSH FORMAN | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS MILLER | CHAIRMAN Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 214 2 CHOPT RD, WILMINGTON, NC 28405-3926
- Mailing address (990-N for 2021)
- 7409 Hammersley Road, Fayetteville NC 28306
- Principal officer (990 for 2025)
- PAUL J TOOLAN
- Principal officer (990-N for 2021)
- Paul Toolan, 7409 Hammersley Road, Fayetteville NC 28306
- Signed the 990
- PAUL J TOOLAN, EXECUTIVE DIRECTOR
- Phone
- (910) 578-4430
- Website
- WWW.DONOVANBANK.ORG
- Return prepared by
- JEREMY R WYLER CPA PLLC
Mission
OUR MISSIONG IS OT HELP UNITED STATES SPECIAL OPERATORS TRANSITION TO A LIFE OF PEACE, CONTENTMENT, AND BALANCE. THE FOUNDATION IS COMPRISED OF FOUR INTERRELATED PROGRAMS, INCLUDING THE JANUS PROGRAM AND THE SPECIAL OPERATIONS EXPERIENCE.
Program accomplishments
- OUR PROGRAM USES A COMBINATION OF SEMINARS, WORKSHOPS, ONE-ON-ONE COUNSELING AND FINANCIAL LITERACY TO DELIVER TRANSITION ASSISTANCE TO THE UNITED STATES SPECIAL OPERATORS. THIS INCLUDES HAVING SPECIAL OPERATORS WORK DIRECTLY WITH THE PUBLIC THROUGH SPECIAL EVENTS TO SHARE THEIR EXPERIENCES. WHILE ALSO FOLLOWING WELLNESS PLANS, LIFE COACHING AND MENTORSHIP TO CREATE A HOLISTIC LIFESTYLE TO IMPROVE OVERALL HEALTH AND QUALITY OF LIFE.Expenses $905,455 · grants $11,925
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-2789816
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W30)
- Assets (IRS master file)
- $488,664
- Income (IRS master file)
- $1,272,299
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,272,299 | $1,007,112 | $488,664 | XML |
| 990 | December 2024 | $838,148 | $828,302 | $207,723 | XML |
| 990 | December 2023 | $890,210 | $884,041 | $209,257 | XML |
| 990 | December 2022 | $645,174 | $463,236 | $192,298 | IRS |
| 990-N for 2021 Officer: Paul Toolan | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
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 87-2789816).
Questions about DONOVAN AND BANK FOUNDATION
- What is the EIN of DONOVAN AND BANK FOUNDATION?
- The employer identification number (EIN) of DONOVAN AND BANK FOUNDATION is 87-2789816.
- Is DONOVAN AND BANK FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to DONOVAN AND BANK FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DONOVAN AND BANK FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DONOVAN AND BANK 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 DONOVAN AND BANK FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of DONOVAN AND BANK FOUNDATION?
- The 990 for the year ended December 31, 2025 names PAUL J TOOLAN.
- Who are the officers and directors of DONOVAN AND BANK FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 5 people; 2 received compensation from the organization, the highest $90,000 (ANDREW STAMP, COO).
- How much revenue does DONOVAN AND BANK FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,272,299, expenses of $1,007,112 and total assets of $488,664 at year end.
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All nonprofits in WILMINGTON · North Carolina · Public and societal benefit