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Nonprofit · EIN 56-6557259

CROSLAND FOUNDATION

Also known as CROSLAND JOHN JR TTEE

Tax-exempt · CHARLOTTE, NC 28202

Financials

$90M$1.6M2023$1.1M$2.4M2024
Revenue Expenses · by fiscal year end
Financials of CROSLAND FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,113,591$2,373,236-$1,259,645$129,014,425$8,318$129,006,107
December 31, 2023990$90,029,732$1,648,072$88,381,660$116,211,176$2,400$116,208,776
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$1,113,591
Net gain from sales of assets
-$2,227
Other revenue
$0

Expenses

Grants and similar amounts paid
$951,579
Compensation of officers, directors and key employees
$18,391
Salaries, compensation and benefits (total)
$18,391
Professional fundraising fees
$0
Legal fees
$713
Accounting fees
$37,671
Program services (functional)
$951,579
Management and general (functional)
$1,421,657

Balance sheet and other

Total assets, start of year
$116,211,176
Total assets, end of year
$129,014,425
Total liabilities, end of year
$8,318
Net assets, end of year
$129,006,107
Publicly traded securities
$17,999,336
Net assets without donor restrictions
$129,006,107
Gross unrelated business income
$1,113,591
Gross receipts
$1,115,818
Employees
0
Volunteers
0
Year formed
2000
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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
ELIZABETH KISERTRUSTEE
Trustee or director
0.5$0$208,235$54,144
JAMES C BURBANKTRUSTEE
Trustee or director
0.5$4,500$0$0
COURTAULD YOUNGTRUSTEE
Trustee or director
0.5$4,500$0$0
ADELAIDE BELK MARTINTRUSTEE
Trustee or director
0.5$4,500$0$0
BORIS HENDERSONTRUSTEE
Trustee or director
0.5$3,000$0$0
JOHN CROSLAND IIITRUSTEE
Trustee or director
0.5$0$0$0
DR HUNTER DYERTRUSTEE
Trustee or director
0.5$0$0$0
JAMIE MCLAWHORNTRUSTEE
Trustee or director
0.5$0$0$0
DOUGLAS W EY JRTRUSTEE
Trustee or director
0.5$0$0$0
ROBERT E MASON IVTRUSTEE
Trustee or director
0.5$0$0$0
JAMES MERRIFIELDTRUSTEE
Trustee or director
0.5$0$0$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
ELIZABETH KISERTRUSTEE
Trustee or director
0.5$0$215,547$57,648
COURTAULD YOUNGTRUSTEE
Trustee or director
0.5$4,500$0$0
JUNE G RHYNETRUSTEE
Trustee or director
0.5$0$0$0
JOHN CROSLAND IIITRUSTEE
Trustee or director
0.5$0$0$0
JAMES C BURBANKTRUSTEE
Trustee or director
0.5$0$0$0
MARK W MEALYTRUSTEE
Trustee or director
0.5$0$0$0
WILLIAM J SULLIVANTRUSTEE
Trustee or director
0.5$0$0$0
DR HUNTER DYERTRUSTEE
Trustee or director
0.5$0$0$0
JAMIE MCLAWHORNTRUSTEE
Trustee or director
0.5$0$0$0
DOUGLAS W EY JRTRUSTEE
Trustee or director
0.5$0$0$0
ROBERT E MASON IVTRUSTEE
Trustee or director
0.5$0$0$0

Address and contacts

Address (IRS master file)
220 N TRYON ST, CHARLOTTE, NC 28202-2137
In care of
% HOLLY STUBBING
Principal officer (990 for 2024)
DOUGLAS W EY JR, 201 N TRYON STREET STE 2600, CHARLOTTE, NC 28202
Signed the 990
DOUGLAS W EY JR, TRUSTEE
Phone
(704) 973-4557
Return prepared by
PWC US TAX LLP

Mission

THE MISSION OF THE CROSLAND FOUNDATION IS TO CREATE A PERPETUAL CHARITABLE LEGACY THROUGH THE DEVOTION AND APPLICATION OF ITS ASSETS EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF AND TO CARRY OUT THE PURPOSES (CONT ON SCHEDULE O)

990 for the year ended December 31, 2024

Program accomplishments

  • SEE EXPLANATION FOR PART III, LINE 1
    Expenses $951,579 · grants $951,579

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
56-6557259
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
2001
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$129,014,425
Income (IRS master file)
$1,115,818

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,113,591$2,373,236$129,014,425XML
990-TDecember 2024–––IRS
990December 2023$90,029,732$1,648,072$116,211,176XML
990-TDecember 2023–––IRS
990December 2022$1,964,452$1,349,484$16,720,151IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990-TDecember 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 56-6557259).

Questions about CROSLAND FOUNDATION

What is the EIN of CROSLAND FOUNDATION?
The employer identification number (EIN) of CROSLAND FOUNDATION is 56-6557259.
Is CROSLAND FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
Are donations to CROSLAND FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does CROSLAND FOUNDATION 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 CROSLAND FOUNDATION 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 CROSLAND FOUNDATION 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 CROSLAND FOUNDATION?
The 990 for the year ended December 31, 2024 names DOUGLAS W EY JR.
Who are the officers and directors of CROSLAND FOUNDATION?
The 990 for the year ended December 31, 2024 lists 11 people; 4 received compensation from the organization.
How much revenue does CROSLAND FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,113,591, expenses of $2,373,236 and total assets of $129,014,425 at year end.

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