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Nonprofit · EIN 20-4798471

ALBEMARLE FOUNDATION

Tax-exempt · CHARLOTTE, NC 28209

Financials

$5.3M$6M2023$1.3M$3.9M2024
Revenue Expenses · by fiscal year end
Financials of ALBEMARLE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$1,348,208$3,922,889-$2,574,681$30,194,136$0$30,194,136
December 31, 2023990-PF$5,251,800$5,991,292-$739,492$29,347,331$235,108$29,112,223
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$26,965
Dividends
$487,146
Interest
$167,990
Net gain from sales of assets
$666,107

Expenses

Grants and similar amounts paid
$3,650,082
Salaries, compensation and benefits (total)
$28,133
Disbursements for charitable purposes
$3,692,865
Excise tax on investment income
$15,168

Balance sheet and other

Total assets, start of year
$29,347,331
Total assets, end of year
$30,194,136
Total liabilities, end of year
$0
Net assets, end of year
$30,194,136
Fair market value of assets
$30,194,136
Qualifying distributions
$3,692,865
Net investment income
$1,321,243

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
Donald James Jim Labauve
4250 CONGRESS STREET STE 900, Charlotte, NC 28209
Director/Treasurer0.25$0
Kent J Masters
4250 CONGRESS STREET STE 900, Charlotte, NC 28209
Director/President0.25$0
Cynthia Lima
4250 CONGRESS STREET STE 900, Charlotte, NC 28209
Director0.25$0
Melissa Anderson
4250 CONGRESS STREET STE 900, Charlotte, NC 28209
Director0.25$0
Netha Johnson
4250 CONGRESS STREET STE 900, Charlotte, NC 28209
Director0.25$0
Dru J Manuel
4250 CONGRESS STREET STE 900, Charlotte, NC 28209
Director0.25$0
Meredith Bandy
4250 CONGRESS STREET STE 900, Charlotte, NC 28209
Director0.25$0
Timitra Hildebrandt-Jones
4250 CONGRESS STREET STE 900, Charlotte, NC 28209
Executive Director0.25$0
990-PF for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
Kent J Masters
4250 CONGRESS STREET STE 900, Charlotte, NC 28209
Director/President0.25$0
Donald James Jim Labauve
4250 CONGRESS STREET STE 900, Charlotte, NC 28209
Director/Treasurer0.25$0
Netha Johnson
4250 CONGRESS STREET STE 900, Charlotte, NC 28209
Director0.25$0
Melissa Anderson
4250 CONGRESS STREET STE 900, Charlotte, NC 28209
Director0.25$0
Karen Narwold
4250 CONGRESS STREET STE 900, Charlotte, NC 28209
Director0.25$0
Sandra Holub
4250 CONGRESS STREET STE 900, Charlotte, NC 28209
Executive Director30$0

Address and contacts

Address (IRS master file)
4250 CONGRESS ST STE 900, CHARLOTTE, NC 28209-0044
In care of
% MARK C ROHR
Signed the 990-PF
Timitra Hildebrand-Hones, Executive Director
Phone
(980) 299-5531
Return prepared by
Forvis Mazars LLP

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
20-4798471
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
2006
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$30,194,136
Income (IRS master file)
$17,119,100

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$1,348,208$3,922,889$30,194,136XML
990-PFDecember 2023$5,251,800$5,991,292$29,347,331IRS
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2018–––IRS
990-PFDecember 2017–––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 20-4798471).

Questions about ALBEMARLE FOUNDATION

What is the EIN of ALBEMARLE FOUNDATION?
The employer identification number (EIN) of ALBEMARLE FOUNDATION is 20-4798471.
Is ALBEMARLE FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
Are donations to ALBEMARLE FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does ALBEMARLE FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of ALBEMARLE 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 ALBEMARLE 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 ALBEMARLE FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
How much revenue does ALBEMARLE FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,348,208, expenses of $3,922,889 and total assets of $30,194,136 at year end.

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