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Filing year 2024

FOUNDATION 2540 INC

Salisbury, North Carolina·EIN 86-3072089·NTEE T22 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$238k
Total assets
$156k
Total expenses
$128k
Reported officers
5

Reported officers (all unpaid)

No paid executives reported in 2024. FOUNDATION 2540 INC reported 5 unpaid officers and board members on its 990-PF.

Treasurer
Secretary
Board Member
Chairman
Vice Chairma

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$126k

Itemized grants

9

Median grant

$10k

RecipientLocationPurposeAmount
CROSSROADS CARE CLINICSTATESVILLE, NCPROVIDE SUPPORT$35k
LIVING WATERS ASSEMBLYCLEVELAND, NCPROVIDE SUPPORT$25k
CHAZAKGAP, PAPROVIDE SUPPORT$20k
RIVER OF LIFE FELLOWSHIPWOOSTER, OHPROVIDE SUPPORT$20k
STRAIT PATHS FOUNDATIONRONKS, PAPROVIDE SUPPORT$10k
I58LANCASTER, PAPROVIDE SUPPORT$5k
POWER CROSS MINISTRIESSTATESVILLE, NCPROVIDE SUPPORT$5k
RIVER OF LIFE FELLOWSHIP CHURCHMIDDLEBURY, INPROVIDE SUPPORT$3k
WYCLIFFE BIBLE TRANSLATORSORLANDO, FLPROVIDE SUPPORT$3k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

FOUNDATION 2540 INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$161k
$128k
2023
$238k
$128k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in North Carolina

FOUNDATION 2540 INC reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in North Carolina earns a median of $42,970.

25th percentile
$10k
Median
$42,970
75th percentile
$100k
90th percentile
$204k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 471 organizations across 471 filings (2022 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for North Carolina
FAQ

Common questions about FOUNDATION 2540 INC

What are FOUNDATION 2540 INC's revenue and expenses?

In 2024, FOUNDATION 2540 INC reported $238k in total revenue and $128k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.