P & B Foundation

Matthews, NC
Tax-exempt since Feb. 1971
EIN: 23-7083912

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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.

Donations to this organization are tax deductible.

Revenue

$502k (2024)

Expenses

$540k (2024)

Total Assets

$8.49M (2024)

Total Liabilities

$0 (2024)

Years with missing data

Source: Form 990 tax filings from 2011 to 2024

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 Aug.
2024

Revenue

$502,146

Expenses

$539,964

Net Income

-$37,818

Net Assets

$8,487,642

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$138,256	27.5%
Interest Revenue	$27	0.0%
Dividends	$252,683	50.3%
Sales of Assets	$10,583	2.1%
Other Income	$100,597	20.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$448,634	83.1%
Compensation of Officers*	$107,911	20.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,487,642
Total Liabilities	$0
Net Assets	$8,487,642

Compensation

Key Employees and Officers	Compensation	Other
Larry C Pratt (Pres/Sec/Tre)	$105,511	$0
Barry Shearer (Director)	$600	$0
Kevin Frye (V. Pres)	$600	$0
Tommy Abernethy (Director)	$600	$0
Mark Hudson (Director)	$600	$0

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990-PF

Filed on Jan. 15, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Aug.
2023

Revenue

$794,894

Expenses

$507,609

Net Income

$287,285

Net Assets

$8,534,970

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$301,000	37.9%
Interest Revenue	$56	0.0%
Dividends	$214,758	27.0%
Sales of Assets	$135,640	17.1%
Other Income	$143,440	18.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$427,247	84.2%
Compensation of Officers*	$106,980	21.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,593,226
Total Liabilities	$58,256
Net Assets	$8,534,970

Compensation

Key Employees and Officers	Compensation	Other
Larry C Pratt (President/Se)	$105,780	$0
Barry Shearer (Director)	$300	$0
Kevin Frye (V. Pres)	$300	$0
Tommy Abernethy (Director)	$300	$0
Mark Hudson (Director)	$300	$0

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990-PF

Filed on Jan. 9, 2024

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Aug.
2022

Revenue

-$2,727

Expenses

$562,988

Net Income

-$565,715

Net Assets

$8,257,349

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$21,335
Interest Revenue	$124
Dividends	$252,775
Sales of Assets	-$252,737
Other Income	-$24,224

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$479,099	85.1%
Compensation of Officers*	$104,047	18.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,465,605
Total Liabilities	$208,256
Net Assets	$8,257,349

Compensation

Key Employees and Officers	Compensation	Other
Larry C Pratt (President/Se)	$101,947	$0
Barry Shearer (Director)	$600	$0
Kevin Frye (V. Pres)	$600	$0
Tommy Abernethy (Director)	$600	$0
Mark Hudson (Director)	$300	$0

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990-PF

Filed on Jan. 11, 2023

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Aug.
2021

Revenue

-$1,619,958

Expenses

$2,625,042

Net Income

-$4,245,000

Net Assets

$8,771,161

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$20,000
Interest Revenue	$226
Dividends	$184,634
Sales of Assets	$0
Other Income	-$34,326

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$376,271	14.3%
Compensation of Officers*	$102,618	3.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,979,417
Total Liabilities	$208,256
Net Assets	$8,771,161

Compensation

Key Employees and Officers	Compensation	Other
Larry C Pratt (President/Se)	$100,518	$0
Roger Peterson (Director)	$600	$0
Barry Shearer (Director)	$600	$0
Kevin Frye (Director)	$600	$0
Tommy Abernethy (Director)	$300	$0

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990-PF

Filed on Dec. 16, 2021

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Aug.
2020

Revenue

$141,466

Expenses

$343,119

Net Income

-$201,653

Net Assets

$13,025,538

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$21,623	15.3%
Interest Revenue	$3,224	2.3%
Dividends	$520,710	> 100%
Sales of Assets	$0
Other Income	-$32,214

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$278,469	81.2%
Compensation of Officers*	$98,991	28.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$13,233,794
Total Liabilities	$208,256
Net Assets	$13,025,538

Compensation

Key Employees and Officers	Compensation	Other
Larry C Pratt (President/Se)	$98,091	$0
Roger Peterson (Director)	$300	$0
Barry Shearer (Director)	$300	$0
Kevin Frye (Director)	$300	$0

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990-PF

Filed on Jan. 12, 2021

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Aug.
2019

Revenue

-$183,970

Expenses

$2,991,414

Net Income

-$3,175,384

Net Assets

$13,236,023

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,000
Interest Revenue	$1,467
Dividends	$257,064
Sales of Assets	$69,743
Other Income	-$517,244

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$286,170	9.6%
Compensation of Officers*	$101,081	3.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$13,444,279
Total Liabilities	$208,256
Net Assets	$13,236,023

990-PF

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

PDF

Fiscal Year Ending Aug.
2018

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

Fiscal Year Ending Aug.
2017

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

Fiscal Year Ending Aug.
2016

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

PDF (2 of 2)

Fiscal Year Ending Aug.
2015

Revenue

-$1,823,124

Expenses

$448,167

Net Income

-$2,271,291

Net Assets

$21,971,999

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,894
Dividends	$234,300
Sales of Assets	$0
Other Income	-$1,025,758

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$364,505	81.3%
Compensation of Officers*	$98,354	21.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$23,491,484
Total Liabilities	$1,519,485
Net Assets	$21,971,999

990-PF

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

PDF

Fiscal Year Ending Aug.
2014

Revenue

-$647,574

Expenses

$663,106

Net Income

-$1,310,680

Net Assets

$24,243,290

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,663
Dividends	$229,409
Sales of Assets	$0
Other Income	$36,960

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$551,339	83.1%
Compensation of Officers*	$100,659	15.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$25,786,225
Total Liabilities	$1,542,935
Net Assets	$24,243,290

990-PF

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

PDF

Fiscal Year Ending Aug.
2013

Revenue

-$238,238

Expenses

$663,456

Net Income

-$901,694

Net Assets

$25,553,970

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,066
Dividends	$224,348
Sales of Assets	$0
Other Income	$57,952

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$567,811	85.6%
Compensation of Officers*	$100,842	15.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$27,096,905
Total Liabilities	$1,542,935
Net Assets	$25,553,970

990-PF

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

PDF

Fiscal Year Ending Aug.
2012

Revenue

-$563,999

Expenses

$685,483

Net Income

-$1,249,482

Net Assets

$26,455,664

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,981
Dividends	$324,505
Sales of Assets	$107,202
Other Income	-$999,687

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$578,737	84.4%
Compensation of Officers*	$96,786	14.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$27,998,599
Total Liabilities	$1,542,935
Net Assets	$26,455,664

990-PF

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

PDF

Fiscal Year Ending Aug.
2011

Revenue

$483,696

Expenses

$754,813

Net Income

-$271,117

Net Assets

$27,705,146

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$252,788	52.3%
Interest Revenue	$3,227	0.7%
Dividends	$232,668	48.1%
Sales of Assets	$135,174	27.9%
Other Income	-$140,161

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$641,297	85.0%
Compensation of Officers*	$137,557	18.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$29,997,852
Total Liabilities	$2,292,706
Net Assets	$27,705,146

990-PF

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

PDF

Fiscal Year Ending Aug.
2010

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

Fiscal Year Ending Aug.
2009

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

Fiscal Year Ending Aug.
2008

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

Fiscal Year Ending Aug.
2007

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

Fiscal Year Ending Aug.
2006

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

PDF (2 of 2)

Fiscal Year Ending Aug.
2005

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

Fiscal Year Ending Aug.
2004

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

Fiscal Year Ending Aug.
2003

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

PDF (2 of 2)

Fiscal Year Ending Aug.
2002

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

Fiscal Year Ending Aug.
2001

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

About This Data

What Is This Data?

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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Raw filing data. Includes EINs and summary financials as structured data.
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Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Updated June 30, 2025

P & B Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $502k (2024)

Expenses $540k (2024)

Total Assets $8.49M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Aug. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Aug. 2018

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Aug. 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Aug. 2016

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Aug. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Aug. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Aug. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Aug. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Aug. 2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

Revenue

$502k (2024)

Expenses

$540k (2024)

Total Assets

$8.49M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Aug.
2024

Fiscal Year Ending Aug.
2023

Fiscal Year Ending Aug.
2022

Fiscal Year Ending Aug.
2021

Fiscal Year Ending Aug.
2020

Fiscal Year Ending Aug.
2019

Fiscal Year Ending Aug.
2018

Fiscal Year Ending Aug.
2017

Fiscal Year Ending Aug.
2016

Fiscal Year Ending Aug.
2015

Fiscal Year Ending Aug.
2014

Fiscal Year Ending Aug.
2013

Fiscal Year Ending Aug.
2012

Fiscal Year Ending Aug.
2011

Fiscal Year Ending Aug.
2010

Fiscal Year Ending Aug.
2009

Fiscal Year Ending Aug.
2008

Fiscal Year Ending Aug.
2007

Fiscal Year Ending Aug.
2006

Fiscal Year Ending Aug.
2005

Fiscal Year Ending Aug.
2004

Fiscal Year Ending Aug.
2003

Fiscal Year Ending Aug.
2002

Fiscal Year Ending Aug.
2001