Nonprofit · EIN 54-6051095
CARNEAL-DREW FOUNDATION
Tax-exempt · RICHMOND, VA 23226
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990-PF | $61,915 | $74,180 | -$12,265 | $535,203 | $0 | $535,203 |
| September 30, 2024 | 990-PF | $35,648 | $68,042 | -$32,394 | $547,468 | $0 | $547,468 |
| September 30, 2023 | 990-PF | $37,058 | $62,965 | -$25,907 | $579,862 | $0 | $579,862 |
Financial details: 990-PF for the year ended September 30, 2025
Revenue
- Dividends
- $27,333
- Interest
- $2
- Net gain from sales of assets
- $34,580
Expenses
- Grants and similar amounts paid
- $66,000
- Disbursements for charitable purposes
- $66,000
- Excise tax on investment income
- $752
Balance sheet and other
- Total assets, start of year
- $547,468
- Total assets, end of year
- $535,203
- Total liabilities, end of year
- $0
- Net assets, end of year
- $535,203
- Fair market value of assets
- $1,398,950
- Qualifying distributions
- $66,000
- Net investment income
- $61,915
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM L GRAHAM 4132 INNSLAKE DRIVE, GLEN ALLEN, VA 23060 | Secretary | 1 | $0 |
| MEADE A SPOTTS 6061 RIVER RD, RICHMOND, VA 23226 | President | 1 | $0 |
| COURTLAND SPOTTS IV P O BOX 14551, RICHMOND, VA 23221 | VP/TREASURER | 1 | $0 |
990-PF for the year ended September 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM L GRAHAM 4132 INNSLAKE DRIVE, GLEN ALLEN, VA 23060 | Secretary | 1 | $0 |
| MEADE A SPOTTS 6061 RIVER RD, RICHMOND, VA 23226 | President | 1 | $0 |
| COURTLAND SPOTTS IV P O BOX 14551, RICHMOND, VA 23221 | VP/TREASURER | 1 | $0 |
990-PF for the year ended September 30, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM L GRAHAM 4132 INNSLAKE DRIVE, GLEN ALLEN, VA 23060 | Secretary | 1 | $0 |
| MEADE A SPOTTS 6061 RIVER RD, RICHMOND, VA 23226 | President | 1 | $0 |
| COURTLAND SPOTTS IV P O BOX 14551, RICHMOND, VA 23221 | VP/TREASURER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 6061 RIVER RD, RICHMOND, VA 23226-3316
- Signed the 990-PF
- MEADE A SPOTTS, President
- Phone
- (804) 697-2080
- Return prepared by
- LP Martin & 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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990-PF on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990-PF on file |
IRS record
- EIN
- 54-6051095
- 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
- 1964
- Accounting year ends
- September
- Files
- Form 990-PF
- Assets (IRS master file)
- $535,203
- Income (IRS master file)
- $86,938
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | September 2025 | $61,915 | $74,180 | $535,203 | XML |
| 990-PF | September 2024 | $35,648 | $68,042 | $547,468 | XML |
| 990-PF | September 2023 | $37,058 | $62,965 | $579,862 | XML |
| 990-PF | September 2022 | – | – | – | IRS |
| 990-PF | September 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 54-6051095).
Questions about CARNEAL-DREW FOUNDATION
- What is the EIN of CARNEAL-DREW FOUNDATION?
- The employer identification number (EIN) of CARNEAL-DREW FOUNDATION is 54-6051095.
- Is CARNEAL-DREW FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1964.
- Are donations to CARNEAL-DREW FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CARNEAL-DREW FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CARNEAL-DREW FOUNDATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CARNEAL-DREW FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended September 2025.
- Who are the officers and directors of CARNEAL-DREW FOUNDATION?
- The 990-PF for the year ended September 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does CARNEAL-DREW FOUNDATION have?
- On its 990-PF for the year ended September 30, 2025 it reported revenue of $61,915, expenses of $74,180 and total assets of $535,203 at year end.
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