Nonprofit · EIN 56-6065232
A C & LILLIAN D BULLA MEMORIAL FOUNDATION INC
Tax-exempt · RALEIGH, NC 27603
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $105,209 | $47,113 | $58,096 | $3,773,117 | $0 | $3,773,117 |
| December 31, 2023 | 990 | $73,629 | $147,851 | -$74,222 | $3,554,530 | $0 | $3,554,530 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $9,946
- Investment income
- $95,263
- Net gain from sales of assets
- $6,459
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $25,060
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $16,030
- Program services (functional)
- $29,560
- Management and general (functional)
- $17,553
Balance sheet and other
- Total assets, start of year
- $3,554,530
- Total assets, end of year
- $3,773,117
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,773,117
- Publicly traded securities
- $3,260,399
- Net assets with donor restrictions
- $3,773,117
- Gross receipts
- $817,971
- Employees
- 0
- Volunteers
- 8
- Year formed
- 1962
- State of legal domicile
- NC
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHNNY NEESE | PRESIDENT Trustee or director, Officer | 2 | $0 |
| LEE BLACK | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| BUDDY WHELESS | BOARD MEMBER Trustee or director | 2 | $0 |
| JOYCE LEDBETTER | BOARD MEMBER Trustee or director | 2 | $0 |
| MOLLY WATTERS | BOARD MEMBER Trustee or director | 2 | $0 |
| WILLIS SMITH | BOARD MEMBER Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIS SMITH | BOARD MEMBER Trustee or director | 2 | $0 |
| MOLLY WATTERS | BOARD MEMBER Trustee or director | 2 | $0 |
| JOHNNY NEESE | PRESIDENT Trustee or director, Officer | 2 | $0 |
| JOYCE LEDBETTER | BOARD MEMBER Trustee or director | 2 | $0 |
| SUSAN MCGUIRE | BOARD MEMBER Trustee or director | 2 | $0 |
| LEE BLACK | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 228 W EDENTON ST, RALEIGH, NC 27603-1714
- Principal officer (990 for 2024)
- JOHNNY NEESE, 228 WEST EDENTON STREET, RALEIGH, NC 27603
- Signed the 990
- JOHNNY NEESE, PRESIDENT
- Phone
- (919) 832-7535
- Return prepared by
- DEAN DORTON ALLEN FORD PLLC
Mission
THE PURPOSE OF THE A.C. AND LILLIAN D. BULLA MEMORIAL FOUNDATION, INC. IS TO USE THE NET INCOME RECEIVED FROM THE PRINCIPAL FUNDS HELD BY THE FOUNDATION FOR TWO PURPOSES: A STUDENT LOAN FUND AND A PERMANENT IMPROVEMENT FUND. THE STUDENT LOAN FUND IS AVAILABLE UPON AN APPLICATION AND REVIEW PROCESS AND APPROVAL BY THE BOARD. THE PERMANENT IMPROVEMENT FUND IS MEANT TO BE A LASTING TRIBUTE TO THE BULLAS AND IS AVAILABLE UPON APPROVAL OF THE BOARD.
Program accomplishments
- TO DISBURSE STUDENT LOAN FUNDS TO PERSONS WHO DESIRE A COLLEGE OR POST-GRADUATE EDUCATION.Expenses $1,125 · revenue $9,946
- TO DISBURSE FUNDS FOR PERMANENT IMPROVEMENT FOR THE BENEFIT OF EDENTON STREET UNITED METHODIST CHURCH AND TO BE A FITTING AND LASTING TRIBUTE TO DR. AND MRS. BULLA.Expenses $28,435 · grants $25,060
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-6065232
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1969
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,773,117
- Income (IRS master file)
- $817,971
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $105,209 | $47,113 | $3,773,117 | XML |
| 990 | December 2023 | $73,629 | $147,851 | $3,554,530 | XML |
| 990 | December 2022 | $65,621 | $116,690 | $3,310,018 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | 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 56-6065232).
Questions about A C & LILLIAN D BULLA MEMORIAL FOUNDATION INC
- What is the EIN of A C & LILLIAN D BULLA MEMORIAL FOUNDATION INC?
- The employer identification number (EIN) of A C & LILLIAN D BULLA MEMORIAL FOUNDATION INC is 56-6065232.
- Is A C & LILLIAN D BULLA MEMORIAL FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1969.
- Are donations to A C & LILLIAN D BULLA MEMORIAL FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does A C & LILLIAN D BULLA MEMORIAL FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of A C & LILLIAN D BULLA MEMORIAL 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 A C & LILLIAN D BULLA MEMORIAL FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of A C & LILLIAN D BULLA MEMORIAL FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names JOHNNY NEESE.
- Who are the officers and directors of A C & LILLIAN D BULLA MEMORIAL FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does A C & LILLIAN D BULLA MEMORIAL FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $105,209, expenses of $47,113 and total assets of $3,773,117 at year end.
Other nonprofits in RALEIGH
- STATE CHARTERED CREDIT UNIONS INC EIN 56-0475645 · last filed 990-N for 2024
- WAKEMED EIN 56-6017737 · last filed 990 for 2025
- REX HOSPITAL INC EIN 56-1509260 · last filed 990 for 2025
- NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION EIN 56-0995910 · last filed 990 for 2025
- NORTH CAROLINA INSURANCE EIN 23-7102759 · last filed 990 for 2025
- NC STATE INVESTMENT FUND INC EIN 31-1607634 · last filed 990 for 2025
- NORTH CAROLINA JOINT UNDERWRITING ASSOCIATION EIN 56-1222676 · last filed 990 for 2025
- FOOD BANK OF CENTRAL & EASTERN NORTH CAROLINA INC EIN 56-1283426 · last filed 990 for 2025