The Jack M Matthews Foundation

Galax, VA
Tax-exempt since Jan. 2004
EIN: 20-0189021

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Environmental Quality, Protection and Beautification / Land Resources Conservation (NTEE)

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2021

Revenue

$130,805

Expenses

$196,882

Net Income

-$66,077

Net Assets

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$242	0.2%
Dividends	$96,502	73.8%
Sales of Assets	$39,386	30.1%
Other Income	-$5,325

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$171,713	87.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$0
Total Liabilities	$0
Net Assets	$0

Compensation

Key Employees and Officers	Compensation	Other
John W Bolen Jr (Trustee)	$0	$0
James M Baxley (Trustee)	$0	$0

990-PF

Filed on Sept. 9, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$214,395

Expenses

$269,869

Net Income

-$55,474

Net Assets

$6,360,331

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$636	0.3%
Dividends	$245,818	> 100%
Sales of Assets	$0
Other Income	-$12,978

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$247,663	91.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,360,332
Total Liabilities	$1
Net Assets	$6,360,331

Compensation

Key Employees and Officers	Compensation	Other
John W Bolen Jr (Trustee)	$0	$0
James M Baxley (Trustee)	$0	$0

990-PF

Filed on June 22, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$243,207

Expenses

$155,975

Net Income

$87,232

Net Assets

$6,420,497

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$993	0.4%
Dividends	$250,208	> 100%
Sales of Assets	$1,972	0.8%
Other Income	-$9,966

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$121,649	78.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,420,498
Total Liabilities	$1
Net Assets	$6,420,497

Compensation

Key Employees and Officers	Compensation	Other
James G Nuckolls (Trustee)	$0	$0
John W Bolen Jr (Trustee)	$0	$0
James M Baxley (Trustee)	$0	$0

990-PF

Filed on Nov. 9, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2018

Revenue

$48,646

Expenses

$493,740

Net Income

-$445,094

Net Assets

$6,338,023

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,242	2.6%
Dividends	$240,875	> 100%
Sales of Assets	-$193,471
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$481,360	97.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,338,023
Total Liabilities	$0
Net Assets	$6,338,023

Compensation

Key Employees and Officers	Compensation	Other
James G Nuckolls (Trustee)	$0	$0
John W Bolen Jr (Trustee)	$0	$0
James M Baxley (Trustee)	$0	$0

990-PF

Filed on June 13, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

-$74,312

Expenses

$820,660

Net Income

-$894,972

Net Assets

$6,785,156

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,098
Dividends	$236,732
Sales of Assets	-$312,142
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$807,691	98.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,785,156
Total Liabilities	$0
Net Assets	$6,785,156

Compensation

Key Employees and Officers	Compensation	Other
James G Nuckolls (Trustee)	$0	$0
John W Bolen Jr (Trustee)	$0	$0
James M Baxley (Trustee)	$0	$0

990-PF

Filed on June 7, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$146,650

Expenses

$492,846

Net Income

-$346,196

Net Assets

$7,682,549

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$17,960	12.2%
Dividends	$230,517	> 100%
Sales of Assets	-$101,827
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$480,689	97.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,682,549
Total Liabilities	$0
Net Assets	$7,682,549

Compensation

Key Employees and Officers	Compensation	Other
James G Nuckolls (Trustee)	$0	$0
John W Bolen Jr (Trustee)	$0	$0
James M Baxley (Trustee)	$0	$0

990-PF

Filed on May 15, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$193,942

Expenses

$563,871

Net Income

-$369,929

Net Assets

$8,030,582

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$32,738	16.9%
Dividends	$231,649	> 100%
Sales of Assets	-$70,445
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$515,672	91.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,030,582
Total Liabilities	$0
Net Assets	$8,030,582

Compensation

Key Employees and Officers	Compensation	Other
James G Nuckolls (Trustee)	$0	$0
John W Bolen Jr (Trustee)	$0	$0
James M Baxley (Trustee)	$0	$0

990-PF

Filed on Aug. 15, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Revenue

$366,657

Expenses

$557,256

Net Income

-$190,599

Net Assets

$8,400,511

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$48,870	13.3%
Dividends	$250,639	68.4%
Sales of Assets	$67,148	18.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$540,934	97.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,400,511
Total Liabilities	$0
Net Assets	$8,400,511

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$302,005

Expenses

$517,024

Net Income

-$215,019

Net Assets

$8,591,110

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$55,375	18.3%
Dividends	$255,073	84.5%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$500,385	96.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,591,110
Total Liabilities	$0
Net Assets	$8,591,110

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$381,302

Expenses

$417,327

Net Income

-$36,025

Net Assets

$8,810,129

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$128,882	33.8%
Dividends	$191,720	50.3%
Sales of Assets	$60,857	16.0%
Other Income	-$157

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$401,010	96.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,810,129
Total Liabilities	$0
Net Assets	$8,810,129

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$417,956

Expenses

$344,827

Net Income

$73,129

Net Assets

$8,851,454

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$162,479	38.9%
Dividends	$153,573	36.7%
Sales of Assets	$102,113	24.4%
Other Income	-$209

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$288,037	83.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,851,454
Total Liabilities	$0
Net Assets	$8,851,454

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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Updated April 20, 2026

The Jack M Matthews Foundation

Organization summary

Organization summary might be incomplete or out of date

Type of Nonprofit

Tax Filings by Year

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2010

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2009

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2008

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2007

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003