Nonprofit · EIN 92-2180635
GASTON BUSINESS FOUNDATION INC
Tax-exempt · GASTONIA, NC 28052
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990-EZ | $68,000 | $7,547 | $60,453 | $60,453 | – | $60,453 |
Financial details: 990-EZ for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $68,000
Expenses
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $7,547
- Program services (functional)
- $7,547
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $60,453
- Total liabilities, end of year
- –
- Net assets, end of year
- $60,453
- Cash, savings and investments
- $60,453
- Gross receipts
- $68,000
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-EZ for the year ended December 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KERRI MASSEY | CHAIR | 1 | $0 |
| KEVIN RANDALL | TREASURER | 1 | $0 |
| PATRICK MUMFORD | CEO | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 601 W FRANKLIN BLVD, GASTONIA, NC 28052-3828
- Mailing address (990-N for 2025)
- 601 W Franklin Boulevard, Gastonia NC 28052
- Principal officer (990-N for 2025)
- Patrick Mumford, 601 W Franklin Boulevard, Gastonia NC 28052
- Signed the 990-EZ
- PATRICK MUMFORD, CEO
- Phone
- (704) 864-2161
- Return prepared by
- MCCANNON ROGERS DRISCOLL & ASSOC LLP
Mission
THE GASTON BUSINESS FOUNDATION, INC. IS ORGANIZED AND OPERATED FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, INCLUDING, BUT NOT LIMITED TO, ENGAGING IN CHARITABLE ACTIVITIES THAT FOCUS ON EDUCATION, COMMUNITY, AND ECONOMIC DEVELOPMENT, AND TALENT RETENTION AND EXPANSION IN GASTON COUNTY, NORTH CAROLINA.
Program accomplishments
- CHARITABLE ACTIVITIES THAT FOCUS ON EDUCATION, COMMUNITY, AND ECONOMIC DEVELOPMENT, AND TALENT RETENTION AND EXPANSION IN GASTON COUNTY, NORTH CAROLINA.Expenses $7,547
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-N on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-N on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 92-2180635
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S31)
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2025 Officer: Patrick Mumford | December 31, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2024 Officer: Patrick Mumford | December 31, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2023 | $68,000 | $7,547 | $60,453 | 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 92-2180635).
Questions about GASTON BUSINESS FOUNDATION INC
- What is the EIN of GASTON BUSINESS FOUNDATION INC?
- The employer identification number (EIN) of GASTON BUSINESS FOUNDATION INC is 92-2180635.
- Is GASTON BUSINESS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to GASTON BUSINESS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GASTON BUSINESS FOUNDATION INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of GASTON BUSINESS FOUNDATION INC 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 GASTON BUSINESS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2025 for the year ended December 31, 2025.
- Who is the principal officer of GASTON BUSINESS FOUNDATION INC?
- The 990-N for 2025 names Patrick Mumford.
- Who are the officers and directors of GASTON BUSINESS FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2023 lists 3 people; 0 received compensation from the organization.
- How much revenue does GASTON BUSINESS FOUNDATION INC have?
- On its 990-EZ for the year ended December 31, 2023 it reported revenue of $68,000, expenses of $7,547 and total assets of $60,453 at year end.
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All nonprofits in GASTONIA · North Carolina · Community improvement and capacity building