TAZEWELL COMMUNITY FOUNDATION: Form 990PF, tax year 2025
View the entire original 990 at ProPublica ↗
- Organization
- TAZEWELL COMMUNITY FOUNDATION (EIN 54-1958152)
- Tax period
- 2025-01-01 to 2025-12-31
- Filed
- 2026-03-16
- IRS object ID
- 202630759349100968
- Schema version
- 2025v4.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Cash Deemed Charitable Expln Stmt
- Gain Loss Sale Other Assets Sch
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Assets Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Liabilities Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-03-16T16:20:25-05:00 | ReturnTs |
| Tax Period End | 2025-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 540504608 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BROWN EDWARDS & COMPANY LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 636 SHELBY STREET 4TH FLOOR | AddressLine1Txt |
| City | BRISTOL | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37620 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2025-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 541958152 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TAZEWELL COMMUNITY FOUNDATION | BusinessNameLine1Txt |
| Business Name Line2 | C/O CHRIS WEARMOUTH | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | TAZE | BusinessNameControlTxt |
| Phone | 2769790358 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 266 MARION AVE | AddressLine1Txt |
| City | TAZEWELL | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 24651 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CHRIS WEARMOUTH | PersonNm |
| Person Title | CHAIR | PersonTitleTxt |
| Phone | 2763851770 | PhoneNum |
| Signature | 2026-02-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | C STANLEY BOWLES II | PreparerPersonNm |
| PTIN | P00543413 | PTIN |
| Phone | 4237975564 | PhoneNum |
| Preparation | 2026-02-10 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2025 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $15,471,261 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $102,500 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $280,774 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $280,774 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $219,289 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $5,712,356 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $219,289 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $602,563 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $500,063 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $17,245 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $8,623 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $8,622 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $7,177 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $569 | TaxesDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $4,584 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $2,292 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Adj Net Incm | $0 | TravConfMeetingAdjNetIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $2,292 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $29,680 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $28,991 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $689 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $58,686 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $39,906 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $12,172 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $36,068 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $36,068 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $94,754 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $39,906 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $48,240 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $507,809 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $460,157 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $265,980 | CashBOYAmt |
| Cash EOY | $830,928 | CashEOYAmt |
| Cash EOYFMV | $830,928 | CashEOYFMVAmt |
| Other Nts And Loans Rcvbl | $152,584 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $0 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $152,584 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $152,584 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Corporate Stock BOY | $4,786,105 | CorporateStockBOYAmt |
| Corporate Stock EOY | $5,571,262 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $5,571,262 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $2,434,908 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $2,232,992 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $2,232,992 | CorporateBondsEOYFMVAmt |
| Mortgage Loans BOY | $0 | MortgageLoansBOYAmt |
| Mortgage Loans EOY | $5,086,000 | MortgageLoansEOYAmt |
| Mortgage Loans EOYFMV | $5,086,000 | MortgageLoansEOYFMVAmt |
| Other Investments BOY | $1,587,280 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $1,597,495 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $1,597,495 | OtherInvestmentsEOYFMVAmt |
| Land BOY | $182,099 | LandBOYAmt |
| Land EOY | $0 | LandEOYAmt |
| Land EOYFMV | $0 | LandEOYFMVAmt |
| Other Assets BOY | $328,546 | OtherAssetsBOYAmt |
| Other Assets EOY | $0 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $9,584,918 | TotalAssetsBOYAmt |
| Total Assets EOY | $15,471,261 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $15,471,261 | TotalAssetsEOYFMVAmt |
| Accounts Payable EOY | $12,000 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $236,695 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $4,823,676 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $236,695 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,835,676 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $9,348,223 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $10,635,585 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $9,348,223 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $10,635,585 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $9,584,918 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $15,471,261 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $9,348,223 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $507,809 | ExcessRevenueOverExpensesAmt |
| Other Increases | $779,553 | OtherIncreasesAmt |
| Subtotal | $10,635,585 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $10,635,585 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|
| MATURITY OF BONDS | $2,020,000 | $2,014,248 | $5,752 | $5,752 | |
| PUBLICLY TRADED SECURITIES | $1,102,673 | $908,030 | $194,643 | $194,643 | |
| CAPITAL GAINS DIVIDENDS | $18,894 | $18,894 | $18,894 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $219,289 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $6,396 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $6,396 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $6,396 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $6,320 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $6,320 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $76 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | 0 | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | VA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | NATIONAL BANK TRUST DEPARTMENT | IndividualWithBooksNm |
| Phone | 2769790340 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 144 MAIN STREET | AddressLine1Txt |
| City | TAZEWELL | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 24651 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (11 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| MS DARLENE CROUSE | ||||||||
| 144 MAIN STREET | TAZEWELL | VA | 24651 | DIRECTOR | 0.15 | $0 | $0 | $0 |
| MR F BRADLEY PYOTT | ||||||||
| 144 MAIN STREET | TAZEWELL | VA | 24651 | DIRECTOR | 0.15 | $0 | $0 | $0 |
| MR CHRIS WEARMOUTH | ||||||||
| 144 MAIN STREET | TAZEWELL | VA | 24651 | CHAIR | 0.15 | $0 | $0 | $0 |
| MR DONALD BUCHANAN | ||||||||
| 144 MAIN STREET | TAZEWELL | VA | 24651 | VICE CHAIR | 0.15 | $0 | $0 | $0 |
| MR ERIC YOUNG | ||||||||
| 144 MAIN STREET | TAZEWELL | VA | 24651 | DIRECTOR | 0.15 | $0 | $0 | $0 |
| MR JAMES C THOMPSON | ||||||||
| 144 MAIN STREET | TAZEWELL | VA | 24651 | DIRECTOR | 0.15 | $0 | $0 | $0 |
| MR MIKE HYMES | ||||||||
| 144 MAIN STREET | TAZEWELL | VA | 24651 | DIRECTOR | 0.15 | $0 | $0 | $0 |
| MS CHRISTINE KINSER | ||||||||
| 144 MAIN STREET | TAZEWELL | VA | 24651 | SECRETARY | 0.15 | $0 | $0 | $0 |
| MS ELENE COMBS | ||||||||
| 144 MAIN STREET | TAZEWELL | VA | 24651 | DIRECTOR | 0.15 | $0 | $0 | $0 |
| MS KATHRYN DOWDY | ||||||||
| 144 MAIN STREET | TAZEWELL | VA | 24651 | DIRECTOR | 0.15 | $0 | $0 | $0 |
| MS NELLIE STILLWELL | ||||||||
| 144 MAIN STREET | TAZEWELL | VA | 24651 | TREASURER | 0.15 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| J A STREET & ASSOCIATES INC | |||||
| 245 BIRCH STREET | BLOUNTVILLE | TN | 37617 | CONSTRUCTION SERVICES | $1,872,817 |
| THOMPSON & LITTON INC | |||||
| 726 AUBURN AVENUE | RADFORD | VA | 24141 | ARCHITECT AND CONSULTING SVCS. | $152,845 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | TO PROVIDE FUNDS FOR THE HEALTH BENEFIT OF TAZEWELL COUNTY COMMUNITY RESIDENTS BY ASSISTING 501(C)(3) ORGANIZATIONS. | Description1Txt |
| Expenses1 | $10,000 | Expenses1Amt |
| Description2 | TO PROVIDE FUNDS FOR THE HEALTH BENEFIT OF TAZEWELL COUNTY COMMUNITY RESIDENTS BY PROVIDING SCHOLARSHIPS TO MEDICAL STUDENTS. | Description2Txt |
| Expenses2 | $26,068 | Expenses2Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | LOANS BOTH DIRECTLY AND INDIRECTLY (NMTC LEVERAGE LOAN TO TAZEWELL MOB INVESTMENT FUND LLC ) TO TCF MOB, INC A RELATED NONPROFIT ORGANIZATION FOR THE CONSTRUCTION OF A MEDICAL OFFICE BUILDING WHICH WILL BENEFIT THE RESIDENTS OF TAZEWELL COUNTY AND SURROUNDING AREA. NET OF $328,547 REPORTED ON 2024 990-PF PART XI LINE 2 FOR AMOUNTS PAID TO AQUIRE ASSETS USED DIRECTLY IN CARRYING OUT CHARITABLE PURPOSE. | Description1Txt |
| Expenses1 | $4,910,037 | Expenses1Amt |
| Total | $4,910,037 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $9,204,912 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $607,149 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $9,812,061 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $9,812,061 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $4,823,600 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $4,988,461 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $249,423 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $249,423 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $6,396 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $6,396 | TotalTaxAmt |
| Distributable Before Adj | $243,027 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $243,027 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $243,027 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $48,240 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $4,910,037 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $4,958,277 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $243,027 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $23,772 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr3 | $32,940 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $215,607 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $149,986 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $422,305 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $4,958,277 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $243,027 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $4,715,250 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $5,137,555 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $23,772 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $5,113,783 | ExcessDistriCyovToNextYrAmt |
| Excess From Year3 | $32,940 | ExcessFromYear3Amt |
| Excess From Year2 | $215,607 | ExcessFromYear2Amt |
| Excess From Year1 | $149,986 | ExcessFromYear1Amt |
| Excess From Current Year | $4,715,250 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | TAZEWELL COMMUNITY FOUNDATION ATTN | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2181 FINCASTLE TNPK | AddressLine1Txt |
| City | TAZEWELL | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 24651 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 2769790358 | RecipientPhoneNum |
| Form And Info And Materials | IF AN ORGANIZATION SEEKS SUPPORT, THE ORGANIZATION MUST SUBMIT A THOROUGH DESCRIPTION OF THE PROJECT, A COPY OF THE IRS LETTER DESIGNATING THE ORGANIZATION AS 501(C)(3) ENTITY, A LIST OF OFFICERS, A COPY OF THE ORGANIZATION'S MOST RECENT AUDITED FINANCIAL STATEMENTS AND FEDERAL TAX RETURNS, AND COPIES OF ANY MATERIAL PROMOTING/DESCRIBING THE ORGANIZATION. IF AN INDIVIDUAL SEEKS SUPPORT, THE INDIVIDUAL MUST SUBMIT A THOROUGH DESCRIPTION OF THE NEED INCLUDING THE FIELD OF KNOWLEDGE THAT THE PERSON IS PURSING, THE REASONS FOR THIS DECISION AND WHAT THE PERSON HOPES TO DO WITH THE DEGREE/KNOWLEDGE, COPIES OF ALL EDUCATIONAL TRANSCRIPTS AND AN UP-TO-DATE RESUME INCLUDING EDUCATION, WORK EXPERIENCE, COMMUNITY SERVICE FUNCTIONS, GOALS AND OBJECTIVES. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | APPLICATIONS NEED TO BE SUBMITTED ONE MONTH BEFORE THE NEXT SCHEDULED MEETING OF BOARD OF DIRECTORS. | SubmissionDeadlinesTxt |
| Restrictions On Awards | IF AN ORGANIZATION, MUST BE EXEMPT UNDER 501(C)(3), MEET MISSION/GOALS OF THE FOUNDATION, MUST BE LOCATED IN TAZEWELL COUNTY, AND MUST SERVE THE PEOPLE OF TAZEWELL COUNTY, VA WITHIN THE PRIMARY SERVICE AREA OF CARILION TAZEWELL COMMUNITY HOSPITAL. IF AN INDIVIDUAL, MUST BE SEEKING A SCHOLARSHIP IN A HEALTH CARE FIELD AND PLAN ON APPLYING THAT TRADE TO TAZEWELL COUNTY, VA.INDIVIDUALS MUST MAINTAIN AN UN-WEIGHTED GPA OF 3.0 OR BETTER. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusCd | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| COMMUNITIES IN SCHOOLS OF SOUTHWEST VA INC | ||||||
| 220 LEE STREET | BRISTOL | VA | 24201 | NC | GENERAL OPERATIONS | $10,000 |
| EMORY & HENRY COLLEGE | ||||||
| 30461 GARNAND DR | EMORY | VA | 24327 | NC | EDUCATIONAL | $26,068 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $36,068 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $280,774 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $219,289 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $500,063 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $500,063 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | Yes (1) | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | Yes (1) | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
Transfer Schedule Detail TransferScheduleDetail (3 entries)
| Line NumberLineNumberTxt | InvolvedInvolvedAmt | Transfers Trans And Shr ArrngmTransfersTransAndShrArrngmDesc |
|---|---|---|
| TCF MOB INC | ||
| 1b(1) | $2,570,789 | SALE OF 3.O ACRES OF LAND AND CONSTRUCTION IN PROCESS FOR A MEDICAL OFFICE BUILDING TO TCF MOB, INC. A 501(C)2 TITLE HOLDING CORPORATION FOR THE FOUNDATION. |
| TCF MOB INC | ||
| 1b(5) | $146,960 | COSTS PAID TOWARD CONSTRUCTION OF THE MEDICAL OFFICE BUILDING HELD BY THE 501(C)2 ORGANIZATION, TCF MOB, INC. THIS AMOUNT IS TREATED AS A LOAN BETWEEN THE TWO ORGANIZATIONS. |
| TCF MOB INC | ||
| 1b(5) | $7,000,000 | THE ORGANIZATION MADE A LEVERAGE LOAN AS PART OF A NMTC STRUCTURE IN THE AMOUNT OF $5,086,000 TO TAZEWELL MOB INVESTMENT FUND, LLC. THE ORGANIZATION IS A GUARANTOR OF THE ENTIRE $7,000,000 LOANS MADE BY THE INVESTMENT FUND TO TCF MOB, INC. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| INDUSTRIAL DEVELOPMENT AUTHORITY OF TAZEWELL COUNTY | ||||||
| 1 | 197 W MAIN STREET | TAZEWELL | VA | 24651 | $50,000 | Yes (X) |
| THE THOMPSON CHARITABLE FOUNDATION | ||||||
| 2 | 1942 E 7TH STREET 400 | CHARLOTTE | NC | 28204 | $50,000 | Yes (X) |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEE | CategoryTxt |
| Amt | $17,245 | Amt |
| Net Investment Income | $8,623 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $8,622 | DisbursementsCharitablePrpsAmt |
Cash Deemed Charitable Expln Stmt CashDeemedCharitableExplnStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Short Explanation | CASH APPROPRIATED FOR LINE OF CREDIT LOAN PAYOFF | ShortExplanationTxt |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Asset | 3 ACRES AND CONSTRUCTION IN PROCESS; TAZEWELL, VA | AssetDesc |
| Acquired | 2023-12 | AcquiredDt |
| How Acquired | PURCHASED | HowAcquiredTxt |
| Sold | 2025-07 | SoldDt |
| Gross Sales Price | $2,570,789 | GrossSalesPriceAmt |
| Basis | $2,570,789 | BasisAmt |
| Basis Method | COST | BasisMethodTxt |
| Sales Expense | $0 | SalesExpenseAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | CORPORATE BONDS | BondNm |
| EOY Book Value | $2,232,992 | EOYBookValueAmt |
| EOYFMV | $2,232,992 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | CORPORATE STOCK | StockNm |
| EOY Book Value | $5,571,262 | EOYBookValueAmt |
| EOYFMV | $5,571,262 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| MUTUAL FUNDS | FMV | $1,525,450 | $1,525,450 |
| FOREIGN EQUITIES | FMV | $72,045 | $72,045 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| BUILDING COSTS - NOT IN SERVICE | $264,375 | $0 | $0 |
| LAND IMPROVEMENT COSTS - NOT IN SERVICE | $64,171 | $0 | $0 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| INVESTMENT FEES | $28,102 | $28,102 | $0 | $0 |
| SUPPLIES | $157 | $79 | $0 | $78 |
| DUES | $25 | $13 | $0 | $12 |
| INSURANCE | $1,199 | $600 | $0 | $599 |
| BANK FEES | $197 | $197 | $0 | $0 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAIN | Desc |
| Amt | $779,553 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| ACCRUED EXCISE TAX PAYABLE | $6,999 | $76 |
| LINE OF CREDIT - CONSTRUCTION LOAN | $229,696 | $4,823,600 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| EXCISE TAX | $6,608 | $0 | $0 | $0 |
| REAL ESTATE TAXES | $569 | $0 | $0 | $569 |