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Nonprofit · EIN 47-5197024

JAMES 123 INC

Tax-exempt · MOREHEAD CITY, NC 28557

Financials

$55K$66K2023$63K$57K2024$77K$76K2025
Revenue Expenses · by fiscal year end
Financials of JAMES 123 INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$77,005$76,320$685$9,720$0$9,720
December 31, 2024990-PF$63,239$57,412$5,827$9,035$0$9,035
December 31, 2023990-PF$55,041$66,413-$11,372$3,208$0$3,208
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$77,000
Interest
$5

Expenses

Grants and similar amounts paid
$9,851
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$76,265

Balance sheet and other

Total assets, start of year
$9,035
Total assets, end of year
$9,720
Total liabilities, end of year
$0
Net assets, end of year
$9,720
Fair market value of assets
$9,720
Qualifying distributions
$76,265
Net investment income
$5

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.

NameTitleHours / weekCompensation
CHARLTON BURNS
402 SANDFIDDLER COURT, MOREHEAD CITY, NC 28557
EXECUTIVE DIRECTOR1$0
PEGGY BURNS
402 SANDFIDDLER COURT, MOREHEAD CITY, NC 28557
DIRECTOR1$0
ZACHARY JETT
9624 SWEET CEDAR LANE, CHARLOTTE, NC 28210
DIRECTOR1$0
ANDREW JETT
4601 LONGWOOD DRIVE, CHARLOTTE, NC 28209
DIRECTOR1$0
990-PF for the year ended December 31, 2024: 4 people
NameTitleHours / weekCompensation
CHARLTON BURNS
402 SANDFIDDLER COURT, MOREHEAD CITY, NC 28557
EXECUTIVE DIRECTOR1$0
PEGGY BURNS
402 SANDFIDDLER COURT, MOREHEAD CITY, NC 28557
DIRECTOR1$0
ZACHARY JETT
9624 SWEET CEDAR LANE, CHARLOTTE, NC 28210
DIRECTOR1$0
ANDREW JETT
4601 LONGWOOD DRIVE, CHARLOTTE, NC 28209
DIRECTOR1$0
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
CHARLTON BURNS
402 SANDFIDDLER COURT, MOREHEAD CITY, NC 28557
EXECUTIVE DIRECTOR1$0
PEGGY BURNS
402 SANDFIDDLER COURT, MOREHEAD CITY, NC 28557
DIRECTOR1$0
ZACHARY JETT
9624 SWEET CEDAR LANE, CHARLOTTE, NC 28210
DIRECTOR1$0
ANDREW JETT
4601 LONGWOOD DRIVE, CHARLOTTE, NC 28209
DIRECTOR1$0

Address and contacts

Address (IRS master file)
402 SANDFIDDLER CT, MOREHEAD CITY, NC 28557-2530
In care of
% CHARLTON BURNS
Signed the 990-PF
CHARLTON BURNS, EXECUTIVE DIRECTOR
Phone
(252) 675-9550
Return prepared by
CREATIVE PLANNING TAX 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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
47-5197024
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private operating foundation
Donations deductible (Pub 78)
Private operating foundation, 50% limit
Exempt since
2016
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$9,720
Income (IRS master file)
$77,005

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$77,005$76,320$9,720XML
990-PFDecember 2024$63,239$57,412$9,035XML
990-PFDecember 2023$55,041$66,413$3,208XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 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 47-5197024).

Questions about JAMES 123 INC

What is the EIN of JAMES 123 INC?
The employer identification number (EIN) of JAMES 123 INC is 47-5197024.
Is JAMES 123 INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
Are donations to JAMES 123 INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
Which annual return does JAMES 123 INC file?
Form 990-PF. Private foundations file every year.
When is the next return of JAMES 123 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 JAMES 123 INC 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 JAMES 123 INC?
The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
How much revenue does JAMES 123 INC have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $77,005, expenses of $76,320 and total assets of $9,720 at year end.

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