Nonprofit · EIN 87-4174417
FIRST BANCORP INC FOUNDATION
Tax-exempt · ABINGDON, VA 24212
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $38,349 | $67,875 | -$29,526 | $893,908 | $286 | $893,622 |
| December 31, 2024 | 990-PF | $422,156 | $85,001 | $337,155 | $923,313 | $165 | $923,148 |
| December 31, 2023 | 990-PF | $66,113 | $15,586 | $50,527 | $586,111 | $118 | $585,993 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $29,725
- Net gain from sales of assets
- $8,624
Expenses
- Grants and similar amounts paid
- $58,713
- Disbursements for charitable purposes
- $58,713
- Excise tax on investment income
- $286
Balance sheet and other
- Total assets, start of year
- $923,313
- Total assets, end of year
- $893,908
- Total liabilities, end of year
- $286
- Net assets, end of year
- $893,622
- Fair market value of assets
- $1,064,548
- Qualifying distributions
- $58,713
- Net investment income
- $29,725
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM M NELSON PO BOX 1000, ABINGDON, VA 24210 | DIRECTOR | 0 | $0 |
| WILLIAM H HAYTER PO BOX 1000, ABINGDON, VA 24210 | DIRECTOR | 0 | $0 |
| DAVID LEONARD PO BOX 1000, ABINGDON, VA 24210 | DIRECTOR | 0 | $0 |
| RONALD BARRETT PO 1000, ABINGDON, VA 24210 | DIRECTOR | 0 | $0 |
| SOPHIA CHAFIN-VANCE PO 1000, ABINGDON, VA 24210 | DIRECTOR | 0 | $0 |
| TRENT YATES PO 1000, ABINGDON, VA 24210 | DIRECTOR | 0 | $0 |
| RALEIGH HAYTER PO 1000, ABINGDON, VA 24210 | DIRECTOR | 0 | $0 |
| DAVID LEONDARD III PO 1000, ABINGDON, VA 24210 | DIRECTOR | 0 | $0 |
| RONNIE BARRETT PO 1000, ABINGDON, VA 24210 | DIRECTOR | 0 | $0 |
990-PF for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM M NELSON PO BOX 1000, ABINGDON, VA 24210 | DIRECTOR | 0 | $0 |
| WILLIAM H HAYTER PO BOX 1000, ABINGDON, VA 24210 | DIRECTOR | 0 | $0 |
| DAVID LEONARD PO BOX 1000, ABINGDON, VA 24210 | DIRECTOR | 0 | $0 |
| RONALD BARRETT PO 1000, ABINGDON, VA 24210 | DIRECTOR | 0 | $0 |
| SOPHIA CHAFIN-VANCE PO 1000, ABINGDON, VA 24210 | DIRECTOR | 0 | $0 |
| TRENT YATES PO 1000, ABINGDON, VA 24210 | DIRECTOR | 0 | $0 |
| RALEIGH HAYTER PO 1000, ABINGDON, VA 24210 | DIRECTOR | 0 | $0 |
| DAVID LEONDARD III PO 1000, ABINGDON, VA 24210 | DIRECTOR | 0 | $0 |
| RONNIE BARRETT PO 1000, ABINGDON, VA 24210 | DIRECTOR | 0 | $0 |
990-PF for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM M NELSON PO BOX 1000, ABINGDON, VA 24210 | DIRECTOR | 0 | $0 |
| WILLIAM H HAYTER PO BOX 1000, ABINGDON, VA 24210 | DIRECTOR | 0 | $0 |
| DAVID LEONARD PO BOX 1000, ABINGDON, VA 24210 | DIRECTOR | 0 | $0 |
| RONALD BARRETT PO 1000, ABINGDON, VA 24210 | DIRECTOR | 0 | $0 |
| SOPHIA CHAFIN-VANCE PO 1000, ABINGDON, VA 24210 | DIRECTOR | 0 | $0 |
| TRENT YATES PO 1000, ABINGDON, VA 24210 | DIRECTOR | 0 | $0 |
| RALEIGH HAYTER PO 1000, ABINGDON, VA 24210 | DIRECTOR | 0 | $0 |
| DAVID LEONDARD III PO 1000, ABINGDON, VA 24210 | DIRECTOR | 0 | $0 |
| RONNIE BARRETT PO 1000, ABINGDON, VA 24210 | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1000, ABINGDON, VA 24212-1000
- In care of
- % HANNAH FORD ESQ
- Signed the 990-PF
- WILLIAM M NELSON, DIRECTOR
- Phone
- (571) 547-2691
- Return prepared by
- HESS STEWART & CAMPBELL PLLC
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 | 990-PF 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
- 87-4174417
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $893,908
- Income (IRS master file)
- $81,713
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $38,349 | $67,875 | $893,908 | IRS |
| 990-PF | December 2024 | $422,156 | $85,001 | $923,313 | IRS |
| 990-PF | December 2023 | $66,113 | $15,586 | $586,111 | XML |
| 990-PF | December 2022 | – | – | – | 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 87-4174417).
Questions about FIRST BANCORP INC FOUNDATION
- What is the EIN of FIRST BANCORP INC FOUNDATION?
- The employer identification number (EIN) of FIRST BANCORP INC FOUNDATION is 87-4174417.
- Is FIRST BANCORP INC FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to FIRST BANCORP INC FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does FIRST BANCORP INC FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of FIRST BANCORP INC FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FIRST BANCORP INC FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of FIRST BANCORP INC FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does FIRST BANCORP INC FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $38,349, expenses of $67,875 and total assets of $893,908 at year end.
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