Nonprofit · EIN 56-2169669
FA KORSCHUN FOUNDATION INC 1025005564-328900800
Tax-exempt · GOLDSBORO, NC 27530
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990-PF | $98,568 | $47,100 | $51,468 | $757,215 | $0 | $757,215 |
Financial details: 990-PF for the year ended December 31, 2023
Revenue
- Dividends
- $14,733
- Interest
- $17
- Net gain from sales of assets
- $83,818
Expenses
- Grants and similar amounts paid
- $44,750
- Disbursements for charitable purposes
- $44,750
- Excise tax on investment income
- $1,370
Balance sheet and other
- Total assets, start of year
- $726,098
- Total assets, end of year
- $757,215
- Total liabilities, end of year
- $0
- Net assets, end of year
- $757,215
- Fair market value of assets
- $925,472
- Qualifying distributions
- $47,490
- Net investment income
- $98,568
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, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| S Blair Korschun 7432 Preservation Trail, Parker, CO 80134 | Chairman | 0 | $0 |
| Suzanne Hamilton 200 Sambo Lambert Road, Goldsboro, NC 27530 | Secretary | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 200 SAMBO LAMBERT RD, GOLDSBORO, NC 27530-1039
- In care of
- % WACHOVIA BANK NA TTEE
- Signed the 990-PF
- Suzanne K Hamilton, Secretary
- Phone
- (919) 920-8308
- Return prepared by
- R WAYNE HUTCHINS CPA PA
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 56-2169669
- 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
- 2000
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $757,215
- Income (IRS master file)
- $260,322
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2023 | $98,568 | $47,100 | $757,215 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 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 56-2169669).
Questions about FA KORSCHUN FOUNDATION INC 1025005564-328900800
- What is the EIN of FA KORSCHUN FOUNDATION INC 1025005564-328900800?
- The employer identification number (EIN) of FA KORSCHUN FOUNDATION INC 1025005564-328900800 is 56-2169669.
- Is FA KORSCHUN FOUNDATION INC 1025005564-328900800 tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to FA KORSCHUN FOUNDATION INC 1025005564-328900800 tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does FA KORSCHUN FOUNDATION INC 1025005564-328900800 file?
- Form 990-PF. Private foundations file every year.
- When is the next return of FA KORSCHUN FOUNDATION INC 1025005564-328900800 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 FA KORSCHUN FOUNDATION INC 1025005564-328900800 last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2023.
- Who are the officers and directors of FA KORSCHUN FOUNDATION INC 1025005564-328900800?
- The 990-PF for the year ended December 31, 2023 lists 2 people; 0 received compensation from the organization.
- How much revenue does FA KORSCHUN FOUNDATION INC 1025005564-328900800 have?
- On its 990-PF for the year ended December 31, 2023 it reported revenue of $98,568, expenses of $47,100 and total assets of $757,215 at year end.
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