Nonprofit · EIN 54-2005704
MBI EDUCATIONAL FOUNDATION INC
Tax-exempt · CHARLOTTESVLE, VA 22901
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $71,586 | $75,674 | -$4,088 | $694,030 | $0 | $694,030 |
| December 31, 2024 | 990-PF | $243,308 | $27,144 | $216,164 | $635,368 | $0 | $635,368 |
| December 31, 2023 | 990-PF | $52,457 | $23,479 | $28,978 | $390,812 | $0 | $390,812 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $37,690
- Dividends
- $11,290
- Net gain from sales of assets
- $22,606
Expenses
- Grants and similar amounts paid
- $12,500
- Disbursements for charitable purposes
- $75,674
- Excise tax on investment income
- $117
Balance sheet and other
- Total assets, start of year
- $635,368
- Total assets, end of year
- $694,030
- Total liabilities, end of year
- $0
- Net assets, end of year
- $694,030
- Fair market value of assets
- $694,030
- Qualifying distributions
- $75,674
- Net investment income
- $11,290
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 |
|---|---|---|---|
| KATHY WILMOT 2303 EASTLAKE RD, LUTHERVILLE, MD 21093 | CHAIR | 1 | $0 |
| KELLY WILLIAMS 8431 ZINC ROAD, KNOXVILLE, TN 37938 | PAST CHAIR | 1 | $0 |
| MIKE RHODES 3827 S CARSON ST PMB 2045, CARSON CITY, NV 89701 | SEC./TREAS. | 1 | $0 |
| STEVEN WILLIAMS 285 HYDRAULIC RIDGE ROAD SUITE 6, CHARLOTTESVILLE, VA 22901 | EXEC. DIRECT | 1 | $0 |
| MAURY TIERNAN 1322 CASITAS CIR, CORONA, CA 92882 | DIRECTOR | 1 | $0 |
| GARTH HAAKENSON PO BOX 1201, KINGSLAND, TX 78639 | DIRECTOR | 1 | $0 |
| GARY DAVENPORT 5301 W MADISON ST, PHEONIX, AZ 85043 | DIRECTOR | 1 | $0 |
| PAULA TRAVIS 410 W MAIN ST, NIOTA, TN 37826 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KELLY WILLIAMS 8431 ZINC ROAD, KNOXVILLE, TN 37938 | CHAIR | 1 | $0 |
| KATHY WILMOT 5812 ALLENDER RD, WHITE MARSH, MD 21162 | VICE CHAIR | 1 | $0 |
| MIKE RHOADES 2830 BARRETT AVE, PERRIS, CA 92571 | SEC./TREAS. | 1 | $0 |
| STEVEN WILLIAMS 285 HYDRAULIC RIDGE ROAD SUITE 6, CHARLOTTESVILLE, VA 22901 | EXEC. DIRECT | 1 | $0 |
| BRAD GUDEMAN 1201 SOUTH MOUNTAIN ROAD, JOPPA, MD 21085 | DIRECTOR | 1 | $0 |
| KENT ANDERSON 490 17TH AVE DR NE, HICKORY, NC 28601 | DIRECTOR | 1 | $0 |
| MICHAEL BOLLERO SR 12600 NORTH FEATHERWOOD SUITE 450, HOUSTON, 77034, AF | DIRECTOR | 1 | $0 |
| RALPH TAVARES 11590 WEST BERNARDO COURT SUITE 100, SAN DIEGO, CA 92127 | DIRECTOR | 1 | $0 |
| MAURY TIERNAN 1360 NORTH HANCOCK STREET, ANAHEIM, CA 92807 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KELLY WILLIAMS 8431 ZINC ROAD, KNOXVILLE, TN 37938 | CHAIR | 1 | $0 |
| KATHY WILMOT 5812 ALLENDER RD, WHITE MARSH, MD 21162 | VICE CHAIR | 1 | $0 |
| MIKE RHOADES 2830 BARRETT AVE, PERRIS, CA 92571 | SEC./TREAS. | 1 | $0 |
| STEVEN WILLIAMS 285 HYDRAULIC RIDGE ROAD SUITE 6, CHARLOTTESVILLE, VA 22901 | EXEC. DIRECT | 1 | $0 |
| BRAD GUDEMAN 1201 SOUTH MOUNTAIN ROAD, JOPPA, MD 21085 | DIRECTOR | 1 | $0 |
| KENT ANDERSON 490 17TH AVE DR NE, HICKORY, NC 28601 | DIRECTOR | 1 | $0 |
| MICHAEL BOLLERO SR 12600 NORTH FEATHERWOOD SUITE 450, HOUSTON, 77034, AF | DIRECTOR | 1 | $0 |
| RALPH TAVARES 11590 WEST BERNARDO COURT SUITE 100, SAN DIEGO, CA 92127 | DIRECTOR | 1 | $0 |
| MAURY TIERNAN 1360 NORTH HANCOCK STREET, ANAHEIM, CA 92807 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 285 HYDRAULIC RIDGE RD STE 6, CHARLOTTESVLE, VA 22901-8126
- In care of
- % JUDY SMITH
- Signed the 990-PF
- HEATHER PACKARD, CURRENT EXEC. DIRECT
- Phone
- (434) 296-3288
- Return prepared by
- ROBINSON FARMER COX ASSOCIATES
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
- 54-2005704
- 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
- 2001
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $694,030
- Income (IRS master file)
- $218,782
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $71,586 | $75,674 | $694,030 | XML |
| 990-PF | December 2024 | $243,308 | $27,144 | $635,368 | XML |
| 990-PF | December 2023 | $52,457 | $23,479 | $390,812 | 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 54-2005704).
Questions about MBI EDUCATIONAL FOUNDATION INC
- What is the EIN of MBI EDUCATIONAL FOUNDATION INC?
- The employer identification number (EIN) of MBI EDUCATIONAL FOUNDATION INC is 54-2005704.
- Is MBI EDUCATIONAL FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to MBI EDUCATIONAL FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MBI EDUCATIONAL FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MBI EDUCATIONAL FOUNDATION 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 MBI EDUCATIONAL FOUNDATION 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 MBI EDUCATIONAL FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does MBI EDUCATIONAL FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $71,586, expenses of $75,674 and total assets of $694,030 at year end.
Other nonprofits in CHARLOTTESVLE
- UNIVERSITY OF VIRGINIA INVESTMENT MANAGEMENT COMPANY EIN 56-2462804 · last filed 990 for 2025
- UNIVERSITY OF VIRGINIA DARDEN SCHOOL FOUNDATION EIN 54-6046419 · last filed 990 for 2025
- UNIVERSITY OF VIRGINIA LAW SCHOOL FOUNDATION EIN 54-0838566 · last filed 990 for 2025
- VIRGINIA STUDENT AID FOUNDATION EIN 54-0517188 · last filed 990 for 2024
- UNIVERSITY OF VIRGINIA FOUNDATION EIN 54-1682176 · last filed 990 for 2025
- ST ANNES-BELFIELD INC EIN 54-0880465 · last filed 990 for 2025
- CORE KNOWLEDGE FOUNDATION EIN 54-1371584 · last filed 990 for 2024
- UNIVERSITY OF VIRGINIA HEALT FOUNDATION EIN 41-2097394 · last filed 990 for 2025