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Nonprofit · EIN 87-6629677

MILLRACE FOUNDATION

Also known as C CORRELL DURLING TTEE

Tax-exempt · HOBE SOUND, FL 33455

Financials

−$20K$278K2023$184K$229K2024$279K$280K2025
Revenue Expenses · by fiscal year end
Financials of MILLRACE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$278,770$280,102-$1,332$4,593,679$0$4,593,679
December 31, 2024990-PF$183,729$229,254-$45,525$4,595,011$0$4,595,011
December 31, 2023990-PF-$20,491$277,799-$298,290$4,640,536$0$4,640,536
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Dividends
$108,677
Net gain from sales of assets
$170,010
Other income
$83

Expenses

Grants and similar amounts paid
$252,473
Disbursements for charitable purposes
$252,473
Excise tax on investment income
$3,599

Balance sheet and other

Total assets, start of year
$4,595,011
Total assets, end of year
$4,593,679
Total liabilities, end of year
$0
Net assets, end of year
$4,593,679
Fair market value of assets
$5,060,256
Qualifying distributions
$252,473
Net investment income
$278,770

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
C CORRELL DURLING
8148 SE GOLFHOUSE DRIVE, HOBE SOUND, FL 33455
PRESIDENT0$0
ELEANOR W DURLING
8148 SE GOLFHOUSE DRIVE, HOBE SOUND, FL 33458
TRUSTEE0$0
C CHAPIN DURLING
2 BROOKSIDE DRIVE, GLADSTONE, NJ 07934
SECRETARY0$0
PHILLIPS C DURLING
11 CORLEEN COURT, SUMMIT, NJ 07901
VICE PRESIDE0$0
HENRY A DURLING
PO BOX 169, WHITEHOUSE, NJ 08888
TREASURER0$0
990-PF for the year ended December 31, 2024: 5 people
NameTitleHours / weekCompensation
C CORRELL DURLING
8148 SE GOLFHOUSE DRIVE, HOBE SOUND, FL 33455
PRESIDENT0$0
ELEANOR W DURLING
8148 SE GOLFHOUSE DRIVE, HOBE SOUND, FL 33458
TRUSTEE0$0
C CHAPIN DURLING
2 BROOKSIDE DRIVE, GLADSTONE, NJ 07934
SECRETARY0$0
PHILLIPS C DURLING
11 CORLEEN COURT, SUMMIT, NJ 07901
VICE PRESIDE0$0
HENRY A DURLING
PO BOX 169, WHITEHOUSE, NJ 08888
TREASURER0$0
990-PF for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
C CORRELL DURLING
8148 SE GOLFHOUSE DRIVE, HOBE SOUND, FL 33455
PRESIDENT0$0
ELEANOR W DURLING
8148 SE GOLFHOUSE DRIVE, HOBE SOUND, FL 33458
TRUSTEE0$0
C CHAPIN DURLING
2 BROOKSIDE DRIVE, GLADSTONE, NJ 07934
SECRETARY0$0
PHILLIPS C DURLING
11 CORLEEN COURT, SUMMIT, NJ 07901
VICE PRESIDE0$0
HENRY A DURLING
PO BOX 169, WHITEHOUSE, NJ 08888
TREASURER0$0

Address and contacts

Address (IRS master file)
8148 SE CLUBHOUSE DRIVE, HOBE SOUND, FL 33455-0000
Signed the 990-PF
C CORRELL DURLING, PRESIDENT
Phone
(908) 391-3634
Return prepared by
BMKR LLP

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
87-6629677
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private operating foundation
Donations deductible (Pub 78)
Private operating foundation, 50% limit
Exempt since
2022
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$4,593,679
Income (IRS master file)
$880,347

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025–––IRS
990-PFDecember 2024–––IRS
990-PFDecember 2023-$20,491$277,799$4,640,536IRS
990-PFDecember 2021–––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 MILLRACE FOUNDATION

What is the EIN of MILLRACE FOUNDATION?
The employer identification number (EIN) of MILLRACE FOUNDATION is 87-6629677.
Is MILLRACE FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to MILLRACE FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
Which annual return does MILLRACE FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of MILLRACE 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 MILLRACE 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 MILLRACE FOUNDATION?
The 990-PF for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
How much revenue does MILLRACE FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $278,770, expenses of $280,102 and total assets of $4,593,679 at year end.

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