Nonprofit · EIN 87-6827450
CAROLINA ACADEMIC PRESS FOUNDATION
Also known as KEITH R SIPE TTEE
Tax-exempt · DURHAM, NC 27701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $130,782 | $24,015 | $106,767 | $297,033 | $0 | $297,033 |
| December 31, 2023 | 990-PF | $103,294 | $10,500 | $92,794 | $190,266 | $0 | $190,266 |
| December 31, 2022 | 990-PF | $50,000 | $2,500 | $47,500 | $97,472 | $0 | $97,472 |
| December 31, 2021 | 990-PF | $50,000 | $28 | $49,972 | $49,972 | $0 | $49,972 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $125,000
- Interest
- $5,782
Expenses
- Grants and similar amounts paid
- $24,015
- Disbursements for charitable purposes
- $24,015
- Excise tax on investment income
- $80
Balance sheet and other
- Total assets, start of year
- $190,266
- Total assets, end of year
- $297,033
- Total liabilities, end of year
- $0
- Net assets, end of year
- $297,033
- Fair market value of assets
- $297,033
- Qualifying distributions
- $24,015
- Net investment income
- $5,782
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Keith Sipe 700 Kent St, Durham, NC 27701 | Founder | 1 | $0 |
| Scott Sipe 700 Kent St, Durham, NC 27701 | Member | 1 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Keith Sipe 700 Kent St, Durham, NC 27701 | Founder | 1 | $0 |
| Scott Sipe 700 Kent, Durham, NC 27701 | Member | 1 | $0 |
990-PF for the year ended December 31, 2022: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Scott Sipe 700 Kent St, Durham, NC 27701 | Manager | 1 | $0 |
990-PF for the year ended December 31, 2021: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Keith R Sipe 700 Kent St, Durham, NC 27701 | Trustee | 0 | $0 |
| C Scott Sipe 700 Kent St, Durham, NC 27701 | Trustee | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 700 KENT ST, DURHAM, NC 27701-3049
- In care of
- % CREIGHTON SCOTT SIPE
- Signed the 990-PF
- Scott Sipe, Member
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 | Not 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
- 87-6827450
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Animal-related (D20)
- Assets (IRS master file)
- $297,033
- Income (IRS master file)
- $130,782
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $130,782 | $24,015 | $297,033 | XML |
| 990-PF | December 2023 | $103,294 | $10,500 | $190,266 | XML |
| 990-PF | December 2022 | $50,000 | $2,500 | $97,472 | XML |
| 990-PF | December 2021 | $50,000 | $28 | $49,972 | XML |
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 87-6827450).
Questions about CAROLINA ACADEMIC PRESS FOUNDATION
- What is the EIN of CAROLINA ACADEMIC PRESS FOUNDATION?
- The employer identification number (EIN) of CAROLINA ACADEMIC PRESS FOUNDATION is 87-6827450.
- Is CAROLINA ACADEMIC PRESS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to CAROLINA ACADEMIC PRESS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CAROLINA ACADEMIC PRESS FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CAROLINA ACADEMIC PRESS 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 CAROLINA ACADEMIC PRESS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of CAROLINA ACADEMIC PRESS FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does CAROLINA ACADEMIC PRESS FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $130,782, expenses of $24,015 and total assets of $297,033 at year end.
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