Nonprofit · EIN 65-1175747
POWELL CHARITABLE FOUNDATION
Tax-exempt · SALEM, VA 24153
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $1,567,866 | $884,116 | $683,750 | $11,475,225 | $0 | $11,475,225 |
| December 31, 2023 | 990-PF | $1,674,019 | $833,405 | $840,614 | $10,791,475 | $0 | $10,791,475 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $647,184
- Dividends
- $263,849
- Interest
- $69,709
- Net gain from sales of assets
- $595,480
- Other income
- -$8,356
Expenses
- Grants and similar amounts paid
- $550,000
- Compensation of officers, directors and key employees
- $138,000
- Salaries, compensation and benefits (total)
- $52,000
- Disbursements for charitable purposes
- $611,688
- Excise tax on investment income
- $1,031
Balance sheet and other
- Total assets, start of year
- $10,791,475
- Total assets, end of year
- $11,475,225
- Total liabilities, end of year
- $0
- Net assets, end of year
- $11,475,225
- Fair market value of assets
- $13,260,415
- Qualifying distributions
- $611,688
- Net investment income
- $346,625
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL A POWELL JR 6629 FAIRWAY VIEW TRAIL, ROANOKE, VA 24018 | TRUSTEE | 0 | $138,000 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL A POWELL JR 6629 FAIRWAY VIEW TRAIL, ROANOKE, VA 24018 | TRUSTEE | 0 | $138,000 |
| WAID B POWELL 4925 BUCKHORN ROAD, ROANOKE, VA 24018 | TRUSTEE | 0 | $60,000 |
Address and contacts
- Address (IRS master file)
- PO BOX 961, SALEM, VA 24153-0961
- In care of
- % FRANKLIN MONTGOMERY ESQ
- Signed the 990-PF
- PAUL A POWELL JR, TRUSTEE
- Phone
- (540) 330-4215
- Return prepared by
- SPENCER HAGER & MOSDELL PC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 65-1175747
- 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
- 2003
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $11,475,225
- Income (IRS master file)
- $3,722,564
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $1,567,866 | $884,116 | $11,475,225 | IRS |
| 990-PF | December 2023 | $1,674,019 | $833,405 | $10,791,475 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | 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 65-1175747).
Questions about POWELL CHARITABLE FOUNDATION
- What is the EIN of POWELL CHARITABLE FOUNDATION?
- The employer identification number (EIN) of POWELL CHARITABLE FOUNDATION is 65-1175747.
- Is POWELL CHARITABLE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to POWELL CHARITABLE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does POWELL CHARITABLE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of POWELL CHARITABLE 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 POWELL CHARITABLE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of POWELL CHARITABLE FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 1 person; 1 received compensation from the organization, the highest $138,000 (PAUL A POWELL JR, TRUSTEE).
- How much revenue does POWELL CHARITABLE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,567,866, expenses of $884,116 and total assets of $11,475,225 at year end.
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All nonprofits in SALEM · Virginia · Philanthropy, voluntarism and grantmaking foundations