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Nonprofit · EIN 88-2800031

CP LEGACY FOUNDATION OF SUMTER SC INC

Tax-exempt · SUMTER, SC 29150

Financials

$2.8M$489K2023$850K$828K2024
Revenue Expenses · by fiscal year end
Financials of CP LEGACY FOUNDATION OF SUMTER SC INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$849,693$827,833$21,860$15,563,740$0$15,563,740
December 31, 2023990-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.

NameTitleHours / weekCompensation
SUE MCDUFFIE
5 BROAD STREET, SUMTER, SC 29150
VICE-CHAIR1$0
BILL STOKES
5 BROAD STREET, SUMTER, SC 29150
SECRETARY1$0
LEON MCDONALD
5 BROAD STREET, SUMTER, SC 29150
TREASURER1$0
BARRY REYNOLDS
5 BROAD STREET, SUMTER, SC 29150
DIRECTOR1$0
VICKI GOODWIN
5 BROAD STREET, SUMTER, SC 29150
DIRECTOR1$0
DELORIS GRIFFITH
5 BROAD STREET, SUMTER, SC 29150
DIRECTOR1$0
990-PF for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
FRANK O EDWARDS
5 BROAD STREET, SUMTER, SC 29150
CHAIRMAN1$0
SUE MCDUFFIE
5 BROAD STREET, SUMTER, SC 29150
VICE-CHAIR1$0
BILL STOKES
5 BROAD STREET, SUMTER, SC 29150
SECRETARY1$0
LEON MCDONALD
5 BROAD STREET, SUMTER, SC 29150
TREASURER1$0
BARRY REYNOLDS
5 BROAD STREET, SUMTER, SC 29150
DIRECTOR1$0
VICKI GOODWIN
5 BROAD STREET, SUMTER, SC 29150
DIRECTOR1$0
DELORIS GRIFFITH
5 BROAD STREET, SUMTER, SC 29150
DIRECTOR1$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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-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
Assets (IRS master file)
$15,563,740
Income (IRS master file)
$3,621,290

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$849,693$827,833$15,563,740IRS
990-PFDecember 2023$2,758,574$488,787$15,541,880XML
990-PFDecember 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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