Nonprofit · EIN 47-2357913
CHIP AND DEBI HILLS FOUNDATION
Tax-exempt · CHARLOTTE, NC 28277
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $505,064 | $206,475 | $298,589 | $2,686,238 | $0 | $2,686,238 |
| December 31, 2024 | 990-PF | $348,951 | $29,586 | $319,365 | $2,387,649 | $0 | $2,387,649 |
| December 31, 2023 | 990-PF | $341,555 | $131,199 | $210,356 | $2,068,284 | $0 | $2,068,284 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $65,453
- Interest
- $408
- Net gain from sales of assets
- $439,181
- Other income
- $22
Expenses
- Grants and similar amounts paid
- $160,150
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $163,762
- Excise tax on investment income
- $6,495
Balance sheet and other
- Total assets, start of year
- $2,387,649
- Total assets, end of year
- $2,686,238
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,686,238
- Fair market value of assets
- $5,271,220
- Qualifying distributions
- $163,762
- Net investment income
- $505,042
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRITTANY A HILLS 7247 GOVERNORS ROW, CHARLOTTE, NC 28277 | VICE PRESIDENT | 1 | $0 |
| CAILEE M HILLS 7247 GOVERNORS ROW, CHARLOTTE, NC 28277 | VICE PRESIDENT | 1 | $0 |
| DEBORAH P HILLS 7247 GOVERNORS ROW, CHARLOTTE, NC 28277 | PRESIDENT | 1 | $0 |
| LINDSEY N HILLS 7247 GOVERNORS ROW, CHARLOTTE, NC 28277 | VICE PRESIDENT | 1 | $0 |
990-PF for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRITTANY A HILLS 7247 GOVERNORS ROW, CHARLOTTE, NC 28277 | VICE PRESIDENT | 1 | $0 |
| CAILEE M HILLS 7247 GOVERNORS ROW, CHARLOTTE, NC 28277 | VICE PRESIDENT | 1 | $0 |
| DEBORAH P HILLS 7247 GOVERNORS ROW, CHARLOTTE, NC 28277 | PRESIDENT | 1 | $0 |
| LINDSEY N HILLS 7247 GOVERNORS ROW, CHARLOTTE, NC 28277 | VICE PRESIDENT | 1 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRITTANY A HILLS 7247 GOVERNORS ROW, CHARLOTTE, NC 28277 | VICE PRESIDENT | 1 | $0 |
| CAILEE M HILLS 7247 GOVERNORS ROW, CHARLOTTE, NC 28277 | VICE PRESIDENT | 1 | $0 |
| DEBORAH P HILLS 7247 GOVERNORS ROW, CHARLOTTE, NC 28277 | PRESIDENT | 1 | $0 |
| LINDSEY N HILLS 7247 GOVERNORS ROW, CHARLOTTE, NC 28277 | VICE PRESIDENT | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 7247 GOVERNORS ROW, CHARLOTTE, NC 28277-0377
- In care of
- % FOUNDATION SOURCE
- Signed the 990-PF
- DEBORAH P HILLS, PRESIDENT
- Phone
- (704) 321-1030
- Return prepared by
- ELLIOTT DAVIS ADVISORY LLC
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 47-2357913
- 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
- 2015
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $2,686,238
- Income (IRS master file)
- $648,484
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $505,064 | $206,475 | $2,686,238 | XML |
| 990-PF | December 2024 | $348,951 | $29,586 | $2,387,649 | XML |
| 990-PF | December 2023 | $341,555 | $131,199 | $2,068,284 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 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 47-2357913).
Questions about CHIP AND DEBI HILLS FOUNDATION
- What is the EIN of CHIP AND DEBI HILLS FOUNDATION?
- The employer identification number (EIN) of CHIP AND DEBI HILLS FOUNDATION is 47-2357913.
- Is CHIP AND DEBI HILLS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to CHIP AND DEBI HILLS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CHIP AND DEBI HILLS FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CHIP AND DEBI HILLS FOUNDATION 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 CHIP AND DEBI HILLS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of CHIP AND DEBI HILLS FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does CHIP AND DEBI HILLS FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $505,064, expenses of $206,475 and total assets of $2,686,238 at year end.
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