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Nonprofit · EIN 58-6047220

SOUTHERN FEDERAL TAX INSTITUTE INC

Tax-exempt · DECATUR, GA 30033

Financials

$771K$802K2023$839K$582K2024
Revenue Expenses · by fiscal year end
Financials of SOUTHERN FEDERAL TAX INSTITUTE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
October 31, 2025990$839,414$581,613$257,801$2,316,710$0$2,316,710
October 31, 2024990$771,383$802,318-$30,935$2,058,909$0$2,058,909
Financial details: 990 for the year ended October 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$744,477
Investment income
$94,937
Net gain from sales of assets
$33,245
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$5,085
Travel
$76,119
Program services (functional)
$420,287
Management and general (functional)
$161,326

Balance sheet and other

Total assets, start of year
$2,058,909
Total assets, end of year
$2,316,710
Total liabilities, end of year
$0
Net assets, end of year
$2,316,710
Publicly traded securities
$1,402,814
Net assets without donor restrictions
$2,316,710
Gross receipts
$936,978
Employees
0
Year formed
1965
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 October 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
MICHAEL DESMONDTRUSTEE
Trustee or director
–$0
JOHN W HACKNEYTRUSTEE
Trustee or director
–$0
GEORGE A HANITRUSTEE
Trustee or director
–$0
GERALD THOMAS IITRUSTEE
Trustee or director
–$0
CHRISTOPHER JONESTRUSTEE
Trustee or director
–$0
ALAN F ROTHSCHILD JRTRUSTEE
Trustee or director
–$0
DAVID C SOJOURNER JRTRUSTEE
Trustee or director
–$0
MICHAEL A LAINGTRUSTEE
Trustee or director
–$0
MARTHA LOUISE R LEWISTRUSTEE
Trustee or director
–$0
KENDAL SIBLEYTRUSTEE
Trustee or director
–$0
JAMES B SOWELLTRUSTEE
Trustee or director
–$0
KIMBERLY H STOGNERTRUSTEE
Trustee or director
–$0
DAVID WHEATTRUSTEE
Trustee or director
–$0
LISA ZARLENGATRUSTEE
Trustee or director
–$0
FARHAD AGHDAMIPRESIDENT
Officer
–$0
4 more people on this return
NameTitleHours / weekCompensation
TIFFANY A ALTIZERCHAIRMAN OF
Officer
–$0
CAMERON N COSBYSECRETARY
Officer
–$0
JEFFERY S DRUMMONDSTREASURER
Officer
–$0
ZACK LEDERVICE PRESIDE
Officer
–$0
990 for the year ended October 31, 2024: 17 people
NameTitleHours / weekCompensation
FARHAD AGHDAMIVICE PRESIDE
Trustee or director, Officer
–$0
MICHAEL DESMONDTRUSTEE
Trustee or director
–$0
JOHN W HACKNEYTRUSTEE
Trustee or director
–$0
GEORGE A HANITRUSTEE
Trustee or director
–$0
CHRISTOPHER JONESTRUSTEE
Trustee or director
–$0
ALAN F ROTHSCHILD JRTRUSTEE
Trustee or director
–$0
MICHAEL A LAINGTRUSTEE
Trustee or director
–$0
ZACK LEDERTRUSTEE
Trustee or director
–$0
MARTHA LOUISE R LEWISTRUSTEE
Trustee or director
–$0
JAMES B SOWELLTRUSTEE
Trustee or director
–$0
KIMBERLY H STOGNERTRUSTEE
Trustee or director
–$0
DAVID WHEATTRUSTEE
Trustee or director
–$0
LISA ZARLENGATRUSTEE
Trustee or director
–$0
TIFFANY A ALTIZERPRESIDENT
Officer
–$0
CAMERON N COSBYSECRETARY
Officer
–$0
JEFFERY S DRUMMONDSTREASURER
Officer
–$0
DAVID C SOJOURNER JRCHAIR OF THE
Officer
–$0

Address and contacts

Address (IRS master file)
2107 N DECATUR RD PMB 521, DECATUR, GA 30033-5305
Principal officer (990 for 2024)
JEFFERY S DRUMMONDS
Signed the 990
JEFFERY S DRUMMONDS, TREASURER
Phone
(770) 640-8300
Return prepared by
KEITH ALTIZER AND COMPANY PA

Mission

EDUCATION

990 for the year ended October 31, 2025

Program accomplishments

  • THE INSTITUTE WAS FORMED PRIMARILY FOR EDUCATIONAL PURPOSES. IN KEEPING WITH ITS EXEMPT PURPOSE, THE INSTITUTE CONDUCTS A FEDERAL TAXATION FORUM WHICH ALLOWS ITS PARTICIPANTS TO DISCUSS AND SHARE NEW IDEAS AND LEARN THE PROVISIONS OF NEW TAX LEGISLATION.
    Expenses $420,287 · revenue $744,477

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 October, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025October 31, 2026March 15, 2027Not due yet
2024October 31, 2025March 16, 2026990 on file
2023October 31, 2024March 17, 2025990 on file

IRS record

EIN
58-6047220
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1965
Accounting year ends
October
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,316,710
Income (IRS master file)
$936,978

Filing history

FormYear endedRevenueExpensesAssetsReturn
990October 2025$839,414$581,613$2,316,710XML
990October 2024$771,383$802,318$2,058,909XML
990October 2023$709,057$604,961$2,089,844IRS
990October 2022$767,280$423,793$1,985,748IRS
990October 2021–––IRS
990October 2020–––IRS
990October 2019–––IRS
990October 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 58-6047220).

Questions about SOUTHERN FEDERAL TAX INSTITUTE INC

What is the EIN of SOUTHERN FEDERAL TAX INSTITUTE INC?
The employer identification number (EIN) of SOUTHERN FEDERAL TAX INSTITUTE INC is 58-6047220.
Is SOUTHERN FEDERAL TAX INSTITUTE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1965.
Are donations to SOUTHERN FEDERAL TAX INSTITUTE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SOUTHERN FEDERAL TAX INSTITUTE 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 SOUTHERN FEDERAL TAX INSTITUTE INC due?
The return for tax year 2025 (the year ending October 31, 2026) is due March 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SOUTHERN FEDERAL TAX INSTITUTE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended October 2025.
Who is the principal officer of SOUTHERN FEDERAL TAX INSTITUTE INC?
The 990 for the year ended October 31, 2025 names JEFFERY S DRUMMONDS.
Who are the officers and directors of SOUTHERN FEDERAL TAX INSTITUTE INC?
The 990 for the year ended October 31, 2025 lists 19 people; 0 received compensation from the organization.
How much revenue does SOUTHERN FEDERAL TAX INSTITUTE INC have?
On its 990 for the year ended October 31, 2025 it reported revenue of $839,414, expenses of $581,613 and total assets of $2,316,710 at year end.

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