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Nonprofit · EIN 52-1601996

GILGIT CHARITABLE TRUST

Tax-exempt · RICHMOND, VA 23220

Financials

$25K$32K2023$27K$32K2024
Revenue Expenses · by fiscal year end
Financials of GILGIT CHARITABLE TRUST by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$27,016$31,758-$4,742$246,639$0$246,639
December 31, 2023990-PF$24,976$31,638-$6,662$251,381$0$251,381
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$23,316
Interest
$3,700

Expenses

Grants and similar amounts paid
$28,500
Disbursements for charitable purposes
$31,411
Excise tax on investment income
$376

Balance sheet and other

Total assets, start of year
$251,381
Total assets, end of year
$246,639
Total liabilities, end of year
$0
Net assets, end of year
$246,639
Fair market value of assets
$634,267
Qualifying distributions
$31,411
Net investment income
$27,016

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
JACK SPAIN JR
2309 MONUMENT AVENUE, RICHMOND, VA 23220
TRUSTEE1$0
MARY R SPAIN
2309 MONUMENT AVENUE, RICHMOND, VA 23220
TRUSTEE0$0
JOHN H SPAIN
3009 STONEWALL AVENUE, RICHMOND, VA 23220
TRUSTEE0$0
990-PF for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
JACK SPAIN JR
2309 MONUMENT AVENUE, RICHMOND, VA 23220
TRUSTEE0$0
MARY R SPAIN
2309 MONUMENT AVENUE, RICHMOND, VA 23220
TRUSTEE0$0
JOHN H SPAIN
3009 STONEWALL AVENUE, RICHMOND, VA 23220
TRUSTEE0$0

Address and contacts

Address (IRS master file)
2309 MONUMENT AVE, RICHMOND, VA 23220-2603
In care of
% JACK SPAIN HUNTON KURTH
Signed the 990-PF
JACK SPAIN JR, TRUSTEE
Phone
(804) 788-8434
Return prepared by
PEARSON&COMPANY PC

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
52-1601996
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
1989
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$246,639
Income (IRS master file)
$27,016

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$27,016$31,758$246,639IRS
990-PFDecember 2023$24,976$31,638$251,381XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––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 52-1601996).

Questions about GILGIT CHARITABLE TRUST

What is the EIN of GILGIT CHARITABLE TRUST?
The employer identification number (EIN) of GILGIT CHARITABLE TRUST is 52-1601996.
Is GILGIT CHARITABLE TRUST tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
Are donations to GILGIT CHARITABLE TRUST tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does GILGIT CHARITABLE TRUST file?
Form 990-PF. Private foundations file every year.
When is the next return of GILGIT CHARITABLE TRUST 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 GILGIT CHARITABLE TRUST 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 GILGIT CHARITABLE TRUST?
The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does GILGIT CHARITABLE TRUST have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $27,016, expenses of $31,758 and total assets of $246,639 at year end.

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