Nonprofit · EIN 58-1555456
FOUNDATION OF ST MARKS TOWERS INC
Tax-exempt · ST SIMONS IS, GA 31522
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $769 | $27,042 | -$26,273 | $29,943 | $0 | $29,943 |
| September 30, 2024 | 990 | $3,802 | $11,997 | -$8,195 | $56,216 | $0 | $56,216 |
| September 30, 2023 | 990 | $22,922 | $52,038 | -$29,116 | $65,962 | $1,551 | $64,411 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $769
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $25,542
- Program services (functional)
- $27,042
Balance sheet and other
- Total assets, start of year
- $56,216
- Total assets, end of year
- $29,943
- Total liabilities, end of year
- $0
- Net assets, end of year
- $29,943
- Net assets without donor restrictions
- $29,943
- Gross receipts
- $769
- Employees
- 0
- State of legal domicile
- GA
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER SCHMIDT | PRESIDENT Trustee or director, Officer | – | $0 |
| RALPH DEMBOWCZYK | TRUSTEE Institutional trustee | – | $0 |
| AL MCKINNON | TRUSTEE Institutional trustee | – | $0 |
| KEN TROWBRIDGE | TRUSTEE Institutional trustee | – | $0 |
| WILLIAM TURNER | TRUSTEE Institutional trustee | – | $0 |
| LESLIE FAULKENBERRY | TRUSTEE Institutional trustee | – | $0 |
| REV ALAN M AKRIDGE RECTOR | TRUSTEE Institutional trustee | – | $0 |
| DANIELK BURR | TRUSTEE Institutional trustee | – | $0 |
| WHITNEY MCCONNELL | TRUSTEE Institutional trustee | – | $0 |
990 for the year ended September 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER SCHMIDT | PRESIDENT Trustee or director, Officer | 2 | $0 |
| RALPH DEMBOWCZYK | TRUSTEE Institutional trustee | 1 | $0 |
| AL MCKINNON | TRUSTEE Institutional trustee | 1 | $0 |
| KEN TROWBRIDGE | TRUSTEE Institutional trustee | 1 | $0 |
| WILLIAM TURNER | TRUSTEE Institutional trustee | 1 | $0 |
| LESLIE FAULKENBERRY | TRUSTEE Institutional trustee | 1 | $0 |
| REV ALAN M AKRIDGE RECTOR | TRUSTEE Institutional trustee | 1 | $0 |
| DANIELK BURR | TRUSTEE Institutional trustee | 1 | $0 |
| WHITNEY MCCONNELL | TRUSTEE Institutional trustee | 1 | $0 |
990 for the year ended September 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER SCHMIDT | PRESIDENT Trustee or director, Officer | 3 | $0 |
| GEORGE LINCOLN | SECRETARY Trustee or director, Officer | 3 | $0 |
| KATHY FRIEDMAN | TRUSTEE Institutional trustee | 0.5 | $0 |
| KEN TROWBRIDGE | TRUSTEE Institutional trustee | 3 | $0 |
| BOB SHOREMAN | TRUSTEE Institutional trustee | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 100 MAIN ST, ST SIMONS IS, GA 31522-1681
- Mailing address (990-N for 2019)
- 1 TOWERS PLAZA, BRUNSWICK GA 31520
- Principal officer (990 for 2024)
- PETER SCHMIDT, 918 ROSE COTTAGE, ST SIMONS ISLAND, GA 31522
- Principal officer (990-N for 2019)
- PETER SCHMIDT, 1 TOWERS PLAZA, BRUNSWICK GA 31520
- Signed the 990
- PETER SCHMIDT, PRESIDENT
- Phone
- (912) 634-0955
- Return prepared by
- COASTAL CPAS LLC
Mission
SUPPORT ST. MARKS TOWERS, INC AND ITS RESIDENTS, INCLUDING FINANCIAL ASSISTANCE, LIVING AND RECREAION FACILITIES, AND EDUCATION SERVICES. ST. MARKS TOWERS, INC. OWNS AND OPERATES A 150 APARTMENT COMPLEX SERVING LOW INCOME ELDERLY RESIDENTS.
Program accomplishments
- SUPPORT ST. MARKS TOWERS, INC AND ITS RESIDENTS, INCLUDING FINANCIAL ASSISTANCE, LIVING AND RECREAION FACILITIES, AND EDUCATION SERVICES. ST. MARKS TOWERS, INC. OWNS AND OPERATES A 150 APARTMENT COMPLEX SERVING LOW INCOME ELDERLY RESIDENTS.Expenses $27,042
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 58-1555456
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1984
- Accounting year ends
- September
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $29,943
- Income (IRS master file)
- $769
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $769 | $27,042 | $29,943 | XML |
| 990 | September 2024 | $3,802 | $11,997 | $56,216 | XML |
| 990 | September 2023 | $22,922 | $52,038 | $65,962 | XML |
| 990-EZ | September 2022 | – | – | – | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990-N for 2019 Officer: PETER SCHMIDT | September 30, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
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 58-1555456).
Questions about FOUNDATION OF ST MARKS TOWERS INC
- What is the EIN of FOUNDATION OF ST MARKS TOWERS INC?
- The employer identification number (EIN) of FOUNDATION OF ST MARKS TOWERS INC is 58-1555456.
- Is FOUNDATION OF ST MARKS TOWERS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to FOUNDATION OF ST MARKS TOWERS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOUNDATION OF ST MARKS TOWERS INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of FOUNDATION OF ST MARKS TOWERS INC 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 FOUNDATION OF ST MARKS TOWERS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of FOUNDATION OF ST MARKS TOWERS INC?
- The 990 for the year ended September 30, 2025 names PETER SCHMIDT.
- Who are the officers and directors of FOUNDATION OF ST MARKS TOWERS INC?
- The 990 for the year ended September 30, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does FOUNDATION OF ST MARKS TOWERS INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $769, expenses of $27,042 and total assets of $29,943 at year end.
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