Nonprofit · EIN 56-6505336
MILDRED SHEFFIELD WELLS CHARITABLE TRUST
Tax-exempt · RALEIGH, NC 27609
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990-PF | $560,564 | $499,506 | $61,058 | $5,713,339 | $0 | $5,713,339 |
| September 30, 2024 | 990-PF | $437,643 | $468,535 | -$30,892 | $5,652,281 | $0 | $5,652,281 |
| September 30, 2023 | 990-PF | $243,931 | $502,959 | -$259,028 | $5,683,173 | $0 | $5,683,173 |
Financial details: 990-PF for the year ended September 30, 2025
Revenue
- Dividends
- $196,600
- Net gain from sales of assets
- $363,469
- Other income
- $495
Expenses
- Grants and similar amounts paid
- $335,191
- Compensation of officers, directors and key employees
- $145,566
- Disbursements for charitable purposes
- $422,860
- Excise tax on investment income
- $6,831
Balance sheet and other
- Total assets, start of year
- $5,652,281
- Total assets, end of year
- $5,713,339
- Total liabilities, end of year
- $0
- Net assets, end of year
- $5,713,339
- Fair market value of assets
- $9,946,654
- Qualifying distributions
- $422,860
- Net investment income
- $560,564
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 |
|---|---|---|---|
| BANK OF AMERICA 4242 SIX FORKS ROAD, 17TH FLOOR US TRUST, RALEIGH, NC 27609 | TRUSTEE | 12 | $105,976 |
| JAMES G SULLIVAN 1100 CONFERENCE DRIVE, GREENVILLE, NC 27858 | CHAIRMAN | 2.75 | $24,250 |
| ANDREW S CANNAN 401 E 4TH STREET, GREENVILLE, NC 27858 | MEMBER | 1.25 | $10,800 |
| DANNY MCNALLY 502 BREMERTON DRIVE, GREENVILLE, NC 27858 | MEMBER | 0.5 | $4,540 |
990-PF for the year ended September 30, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BANK OF AMERICA 4242 SIX FORKS ROAD, 17TH FLOOR US TRUST, RALEIGH, NC 27609 | TRUSTEE | 11 | $97,857 |
| JAMES G SULLIVAN 1100 CONFERENCE DRIVE, GREENVILLE, NC 27858 | CHAIRMAN | 2.5 | $23,450 |
| ANDREW S CANNAN 401 E 4TH STREET, GREENVILLE, NC 27858 | MEMBER | 1.25 | $11,600 |
| DANNY MCNALLY 502 BREMERTON DRIVE, GREENVILLE, NC 27858 | MEMBER | 0.5 | $5,040 |
990-PF for the year ended September 30, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BANK OF AMERICA 4242 SIX FORKS ROAD, 17TH FLOOR US TRUST, RALEIGH, NC 27609 | TRUSTEE | 10 | $91,053 |
| JAMES G SULLIVAN 1100 CONFERENCE DRIVE, GREENVILLE, NC 27858 | CHAIRMAN | 2.5 | $22,950 |
| ANDREW S CANNAN 401 E 4TH STREET, GREENVILLE, NC 27858 | MEMBER | 1 | $9,400 |
| DANNY MCNALLY 502 BREMERTON DRIVE, GREENVILLE, NC 27858 | MEMBER | 0.5 | $4,400 |
Address and contacts
- Address (IRS master file)
- 4242 SIX FORKS RD 17TH FL US TRUST, RALEIGH, NC 27609-6084
- In care of
- % BANK OF AMERICA
- Signed the 990-PF
- BANK OF AMERICA, TRUSTEE
- Phone
- (252) 756-8888
- Return prepared by
- SULLIVAN SHEARIN & CO
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
- 56-6505336
- 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
- 1999
- Accounting year ends
- September
- Files
- Form 990-PF
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $5,713,339
- Income (IRS master file)
- $2,189,893
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | September 2025 | $560,564 | $499,506 | $5,713,339 | XML |
| 990-PF | September 2024 | $437,643 | $468,535 | $5,652,281 | XML |
| 990-PF | September 2023 | $243,931 | $502,959 | $5,683,173 | XML |
| 990-PF | September 2022 | – | – | – | IRS |
| 990-PF | September 2021 | – | – | – | IRS |
| 990-PF | September 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 56-6505336).
Questions about MILDRED SHEFFIELD WELLS CHARITABLE TRUST
- What is the EIN of MILDRED SHEFFIELD WELLS CHARITABLE TRUST?
- The employer identification number (EIN) of MILDRED SHEFFIELD WELLS CHARITABLE TRUST is 56-6505336.
- Is MILDRED SHEFFIELD WELLS CHARITABLE TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to MILDRED SHEFFIELD WELLS CHARITABLE TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MILDRED SHEFFIELD WELLS CHARITABLE TRUST file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MILDRED SHEFFIELD WELLS CHARITABLE TRUST 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 MILDRED SHEFFIELD WELLS CHARITABLE TRUST 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 MILDRED SHEFFIELD WELLS CHARITABLE TRUST?
- The 990-PF for the year ended September 30, 2025 lists 4 people; 4 received compensation from the organization, the highest $105,976 (BANK OF AMERICA, TRUSTEE).
- How much revenue does MILDRED SHEFFIELD WELLS CHARITABLE TRUST have?
- On its 990-PF for the year ended September 30, 2025 it reported revenue of $560,564, expenses of $499,506 and total assets of $5,713,339 at year end.
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