Nonprofit · EIN 20-4427421
GASTON AREA LUTHERAN FOUNDATION INC
Tax-exempt (reinstated) · SALISBURY, NC 28144
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $979,364 | $110,806 | $868,558 | $291,244 | $0 | $291,244 |
| September 30, 2024 | 990 | $21,492 | $157,396 | -$135,904 | $1,519,399 | $2,096,713 | -$577,314 |
| September 30, 2023 | 990 | $628,731 | $730,010 | -$101,279 | $1,655,301 | $2,096,711 | -$441,410 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $18,616
- Program service revenue
- $11
- Investment income
- -$1,434,804
- Net gain from sales of assets
- -$1,434,815
- Other revenue
- $2,395,541
Expenses
- Grants and similar amounts paid
- $18,240
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $41,500
- Accounting fees
- $4,075
- Occupancy
- $837
- Program services (functional)
- $19,138
- Management and general (functional)
- $91,668
Balance sheet and other
- Total assets, start of year
- $1,519,399
- Total assets, end of year
- $291,244
- Total liabilities, end of year
- $0
- Net assets, end of year
- $291,244
- Net assets without donor restrictions
- $291,244
- Gross receipts
- $2,864,179
- Employees
- 0
- Year formed
- 2006
- State of legal domicile
- NC
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 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GEORGE RHYNE | PRESIDENT/DI Trustee or director, Officer | 1 | $0 |
990 for the year ended September 30, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GEORGE RHYNE | PRESIDENT/DI Trustee or director, Officer | 1 | $0 |
990 for the year ended September 30, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GEORGE RHYNE | PRESIDENT/DI Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 225 OAK DR, SALISBURY, NC 28144-9036
- In care of
- % GEORGE L RHYNE
- Principal officer (990 for 2024)
- GEORGE RHYNE, 225 OAK DRIVE, SALISBURY, NC 28144
- Signed the 990
- GEORGE RHYNE, PRESIDENT/DIRECTOR
- Phone
- (704) 813-5007
- Return prepared by
- BUTLER & STOWE
Mission
TO DEVELOP CONTINUOUS CARE RETIREMENT COMMUNITIES, PROVIDING A CONTINUUM OF HIGH QUALITY CARE FOR SENIORS IN THE TRI-COUNTY AREA IN AN ATMOSPHERE OF EXEMPLARY CHRISTIAN MINISTRY.
Program accomplishments
- THE GASTON AREA LUTHERAN FOUNDATION, INC. FOCUSES ON PROMOTING RELIGIOUS ACTIVITIES. IT'S MISSION AND PROGRAMS ARE CENTERED AROUND SUPPORTING THE LUTHERAN COMMUNITY AND IT'S INITIATIVES IN THE AREA.Expenses $19,138 · grants $18,240 · revenue $11
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 20-4427421
- 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
- 2014
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22)
- Assets (IRS master file)
- $291,244
- Income (IRS master file)
- $2,864,179
Revocation and reinstatement
- Exemption revoked
- May 15, 2010
- Posted by the IRS
- June 9, 2011
- Reinstated
- Effective May 15, 2010
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $979,364 | $110,806 | $291,244 | XML |
| 990 | September 2024 | $21,492 | $157,396 | $1,519,399 | XML |
| 990 | September 2023 | $628,731 | $730,010 | $1,655,301 | XML |
| 990 | September 2022 | $243,349 | $641,128 | $1,772,232 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | 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 20-4427421).
Questions about GASTON AREA LUTHERAN FOUNDATION INC
- What is the EIN of GASTON AREA LUTHERAN FOUNDATION INC?
- The employer identification number (EIN) of GASTON AREA LUTHERAN FOUNDATION INC is 20-4427421.
- Is GASTON AREA LUTHERAN FOUNDATION INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective May 15, 2010.
- Are donations to GASTON AREA LUTHERAN FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GASTON AREA LUTHERAN FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GASTON AREA LUTHERAN FOUNDATION INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GASTON AREA LUTHERAN FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of GASTON AREA LUTHERAN FOUNDATION INC?
- The 990 for the year ended September 30, 2025 names GEORGE RHYNE.
- Who are the officers and directors of GASTON AREA LUTHERAN FOUNDATION INC?
- The 990 for the year ended September 30, 2025 lists 1 person; 0 received compensation from the organization.
- How much revenue does GASTON AREA LUTHERAN FOUNDATION INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $979,364, expenses of $110,806 and total assets of $291,244 at year end.
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