Nonprofit · EIN 87-4174417
FIRST BANCORP INC FOUNDATION
Tax-exempt · ABINGDON, VA 24212
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $38,349 | $67,875 | -$29,526 | $893,908 | $286 | $893,622 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $29,725
- Net gain from sales of assets
- $8,624
Expenses
- Grants and similar amounts paid
- $58,713
- Disbursements for charitable purposes
- $58,713
- Excise tax on investment income
- $286
Balance sheet and other
- Total assets, start of year
- $923,313
- Total assets, end of year
- $893,908
- Total liabilities, end of year
- $286
- Net assets, end of year
- $893,622
- Fair market value of assets
- $1,064,548
- Qualifying distributions
- $58,713
- Net investment income
- $29,725
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM M NELSON PO BOX 1000, ABINGDON, VA 24210 | DIRECTOR | 0 | $0 |
| WILLIAM H HAYTER PO BOX 1000, ABINGDON, VA 24210 | DIRECTOR | 0 | $0 |
| DAVID LEONARD PO BOX 1000, ABINGDON, VA 24210 | DIRECTOR | 0 | $0 |
| RONALD BARRETT PO 1000, ABINGDON, VA 24210 | DIRECTOR | 0 | $0 |
| SOPHIA CHAFIN-VANCE PO 1000, ABINGDON, VA 24210 | DIRECTOR | 0 | $0 |
| TRENT YATES PO 1000, ABINGDON, VA 24210 | DIRECTOR | 0 | $0 |
| RALEIGH HAYTER PO 1000, ABINGDON, VA 24210 | DIRECTOR | 0 | $0 |
| DAVID LEONDARD III PO 1000, ABINGDON, VA 24210 | DIRECTOR | 0 | $0 |
| RONNIE BARRETT PO 1000, ABINGDON, VA 24210 | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1000, ABINGDON, VA 24212-1000
- In care of
- % HANNAH FORD ESQ
- Signed the 990-PF
- WILLIAM M NELSON, DIRECTOR
- Phone
- (571) 547-2691
- Return prepared by
- HESS STEWART & CAMPBELL PLLC
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 | 990-PF 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
- 87-4174417
- 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
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $893,908
- Income (IRS master file)
- $81,713
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | – | – | – | IRS |
| 990-PF | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $66,113 | $15,586 | $586,111 | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about FIRST BANCORP INC FOUNDATION
- What is the EIN of FIRST BANCORP INC FOUNDATION?
- The employer identification number (EIN) of FIRST BANCORP INC FOUNDATION is 87-4174417.
- Is FIRST BANCORP INC FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to FIRST BANCORP INC FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does FIRST BANCORP INC FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of FIRST BANCORP INC 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 FIRST BANCORP INC FOUNDATION 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 FIRST BANCORP INC FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does FIRST BANCORP INC FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $38,349, expenses of $67,875 and total assets of $893,908 at year end.
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