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Nonprofit · EIN 56-0949547

GEORGE W AND RUTH R BAXTER FOUNDATION INC

Tax-exempt · CHARLOTTE, NC 28211

Financials

$1.2M$1.2M2023$1.4M$1.1M2024
Revenue Expenses · by fiscal year end
Financials of GEORGE W AND RUTH R BAXTER FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$1,396,038$1,065,114$330,924$17,946,162$0$17,946,162
December 31, 2023990-PF$1,188,860$1,239,640-$50,780$17,633,302$0$17,633,302
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$522,818
Interest
$17,970
Net gain from sales of assets
$855,250

Expenses

Grants and similar amounts paid
$691,000
Compensation of officers, directors and key employees
$147,500
Disbursements for charitable purposes
$872,037
Excise tax on investment income
$16,763

Balance sheet and other

Total assets, start of year
$17,633,302
Total assets, end of year
$17,946,162
Total liabilities, end of year
$0
Net assets, end of year
$17,946,162
Fair market value of assets
$21,642,764
Qualifying distributions
$872,037
Net investment income
$1,396,038

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
G STEVE BAXTER SR
2115 REXFORD RD STE 211, CHARLOTTE, NC 28211
CHAIRMAN15$60,000
ANDREW D PACE
2115 REXFORD RD STE 211, CHARLOTTE, NC 28211
DIRECTOR/PRESIDENT8$50,000
BARBARA S GROTZKE
2115 REXFORD RD STE 211, CHARLOTTE, NC 28211
DIRECTOR/TREASURER2$20,000
MARK BARE
2115 REXFORD RD STE 211, CHARLOTTE, NC 28211
DIRECTOR/SECRETARY1$10,000
EMILY E PACE
2115 REXFORD RD STE 211, CHARLOTTE, NC 28211
DIRECTOR/ASSISTANT SECRETARY1$7,500
990-PF for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
G STEVE BAXTER SR
2115 REXFORD RD STE 211, CHARLOTTE, NC 28211
CHAIRMAN10$60,000
ANDREW D PACE
2115 REXFORD RD STE 211, CHARLOTTE, NC 28211
DIRECTOR/PRESIDENT8$50,000
BARBARA S GROTZKE
2115 REXFORD RD STE 211, CHARLOTTE, NC 28211
DIRECTOR/TREASURER3$20,000
MARK BARE
2115 REXFORD RD STE 211, CHARLOTTE, NC 28211
DIRECTOR/SECRETARY1$10,000
EMILY E PACE
2115 REXFORD RD STE 211, CHARLOTTE, NC 28211
DIRECTOR/ASSISTANT SECRETARY1$7,500

Address and contacts

Address (IRS master file)
2115 REXFORD RD STE 211, CHARLOTTE, NC 28211-5453
Signed the 990-PF
G STEVE BAXTER SR, CHAIRMAN
Phone
(704) 365-3806
Return prepared by
DELOITTE TAX LLP

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
56-0949547
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
1970
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$17,946,162
Income (IRS master file)
$3,734,342

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$1,396,038$1,065,114$17,946,162XML
990-PFDecember 2023$1,188,860$1,239,640$17,633,302XML
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 56-0949547).

Questions about GEORGE W AND RUTH R BAXTER FOUNDATION INC

What is the EIN of GEORGE W AND RUTH R BAXTER FOUNDATION INC?
The employer identification number (EIN) of GEORGE W AND RUTH R BAXTER FOUNDATION INC is 56-0949547.
Is GEORGE W AND RUTH R BAXTER FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1970.
Are donations to GEORGE W AND RUTH R BAXTER FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does GEORGE W AND RUTH R BAXTER FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of GEORGE W AND RUTH R BAXTER FOUNDATION INC 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 GEORGE W AND RUTH R BAXTER FOUNDATION INC 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 GEORGE W AND RUTH R BAXTER FOUNDATION INC?
The 990-PF for the year ended December 31, 2024 lists 5 people; 5 received compensation from the organization, the highest $60,000 (G STEVE BAXTER SR, CHAIRMAN).
How much revenue does GEORGE W AND RUTH R BAXTER FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,396,038, expenses of $1,065,114 and total assets of $17,946,162 at year end.

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