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TBC FOUNDATION

EIN 99-5017980 DURHAM, NC

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Revenue 2025
$2,314,375
Expenses 2025
$134,984

Program services were 93.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
X21
Classification
1700
Street
312 FALLS VILLAGE DR

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2025

Mission

To steward and responsibly manage the charitable assets received from the dissolution of Trinity Baptist Church and to advance charitable, religious, and community initiatives through strategic grantmaking to qualified Section 501(c)(3) organizations under the oversight of the Board of Directors.

  • Steward and managed the charitable assets received from the dissolution of Trinity Baptist Church and to actively support and fund a diverse range of qualified Section 501(c)(3) organizations through strategic grantmaking, advancing religious, educational, and community initiatives in alignment with the Foundations mission and Board oversight.

    Expenses $126,637

As filed on the 2025 return.

Officers and directors · 2025

As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Michael Bowers

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Lucas Beaver

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Todd King

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Michael Kennon

    President

    Total calculated
    $0
    Hours/week
    3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. Earlier years are each on their own filing page.

Filings

  • 2025
    Revenue
    $2,314,375
    Expenses
    $134,984
    Contributions
    $1,946,166
    Grants paid
    $125,375

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Grants made

Where these grants went next →

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 11 November 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 9 November 2026 and read 9 November 2026, for every organization at once. Returns through tax year 2025, the newest we have parsed for this organization.