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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 23-7126937

RATCLIFFE FOUNDATION

Tax-exempt · TAZEWELL, VA 24651

Financials

$487K$3.4M2023$436K$432K2024
Revenue Expenses · by fiscal year end
Financials of RATCLIFFE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
May 31, 2025990-PF$436,339$432,059$4,280$12,619,687$2,704$12,616,983
May 31, 2024990-PF$487,226$3,366,794-$2,879,568$12,615,407$2,704$12,612,703
Financial details: 990-PF for the year ended May 31, 2025

Revenue

Dividends
$4,013
Interest
$32,046
Net rental income
-$48,471
Other income
$188,718

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$91,777
Disbursements for charitable purposes
$35,538
Excise tax on investment income
$682

Balance sheet and other

Total assets, start of year
$12,615,407
Total assets, end of year
$12,619,687
Total liabilities, end of year
$2,704
Net assets, end of year
$12,616,983
Fair market value of assets
$27,074,288
Qualifying distributions
$35,538
Net investment income
$436,339

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 May 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
JEANNE FIELDS
5116 WITTEN VALLEY ROAD, TAZEWELL, VA 24651
MANAGER
Highest-paid employee
40$60,000
SCOTT COLE
PO BOX 310, TAZEWELL, VA 24651
PRES/DIRECTOR0$0
WILLIAM RIFE
PO BOX 310, TAZEWELL, VA 24651
SECRETARY/TREAS0$0
SAM VARNEY
PO BOX 310, TAZEWELL, VA 24651
ASSIST.SEC/TREA0$0
FRED HARMAN
PO BOX 310, TAZEWELL, VA 24651
DIRECTOR0$0
990-PF for the year ended May 31, 2024: 5 people
NameTitleHours / weekCompensation
JEANNE FIELDS
5116 WITTEN VALLEY ROAD, TAZEWELL, VA 24651
MANAGER
Highest-paid employee
40$62,500
SCOTT COLE
PO BOX 310, TAZEWELL, VA 24651
PRES/DIRECTOR0$0
WILLIAM RIFE
PO BOX 310, TAZEWELL, VA 24651
SECRETARY/TREAS0$0
SAM VARNEY
PO BOX 310, TAZEWELL, VA 24651
ASSIST.SEC/TREA0$0
FRED HARMAN
PO BOX 310, TAZEWELL, VA 24651
DIRECTOR0$0

Address and contacts

Address (IRS master file)
PO BOX 310, TAZEWELL, VA 24651-0310
Signed the 990-PF
SCOTT COLE, PRES/DIRECTOR
Phone
(276) 979-4268
Return prepared by
Samuel H Johnson CPA PLLC

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025May 31, 2026October 15, 2026Not on file
2024May 31, 2025October 15, 2025990-PF on file
2023May 31, 2024October 15, 2024990-PF on file

IRS record

EIN
23-7126937
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
1972
Accounting year ends
May
Files
Form 990-PF
Assets (IRS master file)
$12,619,687
Income (IRS master file)
$436,339

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFMay 2025$436,339$432,059$12,619,687XML
990-TMay 2025–––IRS
990-PFMay 2024$487,226$3,366,794$12,615,407XML
990-TMay 2024–––IRS
990-PFMay 2023–––IRS
990-TMay 2023–––IRS
990-PFMay 2022–––IRS
990-TMay 2022–––IRS
990-TMay 2021–––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 23-7126937).

Questions about RATCLIFFE FOUNDATION

What is the EIN of RATCLIFFE FOUNDATION?
The employer identification number (EIN) of RATCLIFFE FOUNDATION is 23-7126937.
Is RATCLIFFE FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1972.
Are donations to RATCLIFFE FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does RATCLIFFE FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of RATCLIFFE FOUNDATION due?
The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did RATCLIFFE FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended May 2025.
Who are the officers and directors of RATCLIFFE FOUNDATION?
The 990-PF for the year ended May 31, 2025 lists 5 people; 1 received compensation from the organization, the highest $60,000 (JEANNE FIELDS, MANAGER).
How much revenue does RATCLIFFE FOUNDATION have?
On its 990-PF for the year ended May 31, 2025 it reported revenue of $436,339, expenses of $432,059 and total assets of $12,619,687 at year end.

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