Nonprofit · EIN 88-2800031
CP LEGACY FOUNDATION OF SUMTER SC INC
Tax-exempt · SUMTER, SC 29150
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $849,693 | $827,833 | $21,860 | $15,563,740 | $0 | $15,563,740 |
| December 31, 2023 | 990-PF | $2,758,574 | $488,787 | $2,269,787 | $15,541,880 | $0 | $15,541,880 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $537,902
- Interest
- $63,848
- Net gain from sales of assets
- $243,943
- Other income
- $4,000
Expenses
- Grants and similar amounts paid
- $720,500
- Disbursements for charitable purposes
- $720,500
- Excise tax on investment income
- $8,515
Balance sheet and other
- Total assets, start of year
- $15,541,880
- Total assets, end of year
- $15,563,740
- Total liabilities, end of year
- $0
- Net assets, end of year
- $15,563,740
- Fair market value of assets
- $17,547,779
- Qualifying distributions
- $720,500
- Net investment income
- $719,903
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 |
|---|---|---|---|
| SUE MCDUFFIE 5 BROAD STREET, SUMTER, SC 29150 | VICE-CHAIR | 1 | $0 |
| BILL STOKES 5 BROAD STREET, SUMTER, SC 29150 | SECRETARY | 1 | $0 |
| LEON MCDONALD 5 BROAD STREET, SUMTER, SC 29150 | TREASURER | 1 | $0 |
| BARRY REYNOLDS 5 BROAD STREET, SUMTER, SC 29150 | DIRECTOR | 1 | $0 |
| VICKI GOODWIN 5 BROAD STREET, SUMTER, SC 29150 | DIRECTOR | 1 | $0 |
| DELORIS GRIFFITH 5 BROAD STREET, SUMTER, SC 29150 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANK O EDWARDS 5 BROAD STREET, SUMTER, SC 29150 | CHAIRMAN | 1 | $0 |
| SUE MCDUFFIE 5 BROAD STREET, SUMTER, SC 29150 | VICE-CHAIR | 1 | $0 |
| BILL STOKES 5 BROAD STREET, SUMTER, SC 29150 | SECRETARY | 1 | $0 |
| LEON MCDONALD 5 BROAD STREET, SUMTER, SC 29150 | TREASURER | 1 | $0 |
| BARRY REYNOLDS 5 BROAD STREET, SUMTER, SC 29150 | DIRECTOR | 1 | $0 |
| VICKI GOODWIN 5 BROAD STREET, SUMTER, SC 29150 | DIRECTOR | 1 | $0 |
| DELORIS GRIFFITH 5 BROAD STREET, SUMTER, SC 29150 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 5 BROAD ST, SUMTER, SC 29150-4224
- In care of
- % FRANK EDWARDS
- Signed the 990-PF
- FRANK EDWARDS, CHAIRMAN
- Phone
- (803) 773-5407
- Return prepared by
- The Hobbs Group PA
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
- 88-2800031
- 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)
- Housing and shelter (L22)
- Assets (IRS master file)
- $15,563,740
- Income (IRS master file)
- $3,621,290
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $849,693 | $827,833 | $15,563,740 | IRS |
| 990-PF | December 2023 | $2,758,574 | $488,787 | $15,541,880 | XML |
| 990-PF | December 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 88-2800031).
Questions about CP LEGACY FOUNDATION OF SUMTER SC INC
- What is the EIN of CP LEGACY FOUNDATION OF SUMTER SC INC?
- The employer identification number (EIN) of CP LEGACY FOUNDATION OF SUMTER SC INC is 88-2800031.
- Is CP LEGACY FOUNDATION OF SUMTER SC INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to CP LEGACY FOUNDATION OF SUMTER SC INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CP LEGACY FOUNDATION OF SUMTER SC INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CP LEGACY FOUNDATION OF SUMTER SC INC 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 CP LEGACY FOUNDATION OF SUMTER SC INC 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 CP LEGACY FOUNDATION OF SUMTER SC INC?
- The 990-PF for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does CP LEGACY FOUNDATION OF SUMTER SC INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $849,693, expenses of $827,833 and total assets of $15,563,740 at year end.
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All nonprofits in SUMTER · South Carolina · Housing and shelter