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Noel Foundation Inc

Organization summary

Type of Nonprofit

Designated as a 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.

Summary charts: organization finances over time

Revenue
$949k (2023)

Expenses
$969k (2023)

Total Assets
$22M (2023)

Total Liabilities
$210 (2023)

Years with missing data
Source: Form 990 tax filings from 2011 to 2023

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.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$949,185
Expenses
$968,903
Net Income
-$19,718
Net Assets
$21,972,563
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $121,274
12.8%
Interest Revenue $72,347
7.6%
Dividends $394,710
41.6%
Sales of Assets $222,239
23.4%
Other Income $116,290
12.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $853,604
88.1%
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 $21,972,773
Total Liabilities $210
Net Assets $21,972,563
Compensation
Key Employees and Officers Compensation Other
Alexander Mikaberidze (Trustee) $0 $0
Brian Sherman (Trustee) $0 $0
Claire Sevier (Treasurer) $0 $0
Delton Smith (Vice President) $0 $0
George Fritze Jr (Trustee) $0 $0
Merritt Chastain (President) $0 $0
Oliver Jenkins (Trustee) $0 $0
Richard Lamb (Secretary) $0 $0
Stacy Williams (Trustee) $0 $0
Steven Walker (Trustee) $0 $0
Robert Smith (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,567,889
Expenses
$1,031,294
Net Income
$536,595
Net Assets
$20,971,825
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $94,089
6.0%
Interest Revenue $55,669
3.6%
Dividends $363,750
23.2%
Sales of Assets $776,417
49.5%
Other Income $256,764
16.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $900,792
87.3%
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 $20,971,825
Total Liabilities $0
Net Assets $20,971,825
Compensation
Key Employees and Officers Compensation Other
Merritt B Chastain Jr (President) $0 $0
Larry Clark (Trustee) $0 $0
Alexander Mikaberidze (Trustee) $0 $0
Brian Sherman (Trustee) $0 $0
Delton Smith (Vice President) $0 $0
Steven Walker (Trustee) $0 $0
Stacy Williams (Trustee) $0 $0
Richard Lamb (Secretary) $0 $0
Claire Sevier (Treasurer) $0 $0
George Fritze Jr (Trustee) $0 $0
Oliver Jenkins (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,602,305
Expenses
$1,193,825
Net Income
$408,480
Net Assets
$22,950,354
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $94,189
5.9%
Interest Revenue $60,376
3.8%
Dividends $410,372
25.6%
Sales of Assets $901,809
56.3%
Other Income $117,109
7.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,074,969
90.0%
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 $22,955,601
Total Liabilities $5,247
Net Assets $22,950,354
Compensation
Key Employees and Officers Compensation Other
Merritt B Chastain Jr (President) $0 $0
Larry Clark (Trustee) $0 $0
Alexander Mikaberidze (Trustee) $0 $0
Brian Sherman (Trustee) $0 $0
Delton Smith (Vice President) $0 $0
Steven Walker (Trustee) $0 $0
Stacy Williams (Trustee) $0 $0
Richard Lamb (Secretary) $0 $0
Claire Sevier (Treasurer) $0 $0
George Fritze Jr (Trustee) $0 $0
Oliver Jenkins (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,046,212
Expenses
$832,168
Net Income
$214,044
Net Assets
$21,708,178
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $98,632
9.4%
Interest Revenue $78,343
7.5%
Dividends $400,614
38.3%
Sales of Assets $402,058
38.4%
Other Income $45,752
4.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $730,822
87.8%
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 $21,711,521
Total Liabilities $3,343
Net Assets $21,708,178
Compensation
Key Employees and Officers Compensation Other
Merritt B Chastain Jr (President) $0 $0
Larry Clark (Trustee) $0 $0
Alexander Mikaberidze (Trustee) $0 $0
Brian Sherman (Trustee) $0 $0
Delton Smith (Vice President) $0 $0
Steven Walker (Trustee) $0 $0
Stacy Williams (Trustee) $0 $0
Richard Lamb (Secretary) $0 $0
Claire Sevier (Treasurer) $0 $0
George Fritze Jr (Trustee) $0 $0
Oliver Jenkins (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,164,734
Expenses
$969,030
Net Income
$195,704
Net Assets
$20,979,210
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $98,125
8.4%
Interest Revenue $83,297
7.2%
Dividends $401,737
34.5%
Sales of Assets $388,365
33.3%
Other Income $172,397
14.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $866,175
89.4%
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 $20,982,435
Total Liabilities $3,225
Net Assets $20,979,210
Compensation
Key Employees and Officers Compensation Other
Merritt B Chastain Jr (President) $0 $0
Larry Clark (Trustee) $0 $0
Alexander Mikaberidze (Trustee) $0 $0
Brian Sherman (Trustee) $0 $0
Delton Smith (Vice President) $0 $0
Steven Walker (Trustee) $0 $0
Stacy Williams (Trustee) $0 $0
Richard Lamb (Secretary) $0 $0
Gilbert R Shanley Jr (Treasurer) $0 $0
George Fritze Jr (Trustee) $0 $0
Claire Sevier (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,129,793
Expenses
$1,147,391
Net Income
$982,402
Net Assets
$18,996,998
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $88,629
4.2%
Interest Revenue $14,388
0.7%
Dividends $434,790
20.4%
Sales of Assets $1,285,583
60.4%
Other Income $286,340
13.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $974,258
84.9%
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 $19,000,198
Total Liabilities $3,200
Net Assets $18,996,998
Compensation
Key Employees and Officers Compensation Other
Robert Leitz (President) $0 $0
Shelby L Smith (Trustee) $0 $0
Merritt B Chastain Jr (Secretary) $0 $0
Richard Bremer (Trustee) $0 $0
Larry Clark (Trustee) $0 $0
Laura Lyons Mclemore (Trustee) $0 $0
Alexander Mikaberidze (Trustee) $0 $0
Brian Sherman (Trustee) $0 $0
Delton Smith (Vice President) $0 $0
Steven Walker (Trustee) $0 $0
Stacy Williams (Trustee) $0 $0
Richard Lamb (Trustee) $0 $0
Gilbert R Shanley Jr (Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,186,851
Expenses
$807,320
Net Income
$379,531
Net Assets
$20,385,038
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $83,978
7.1%
Interest Revenue $14,311
1.2%
Dividends $447,620
37.7%
Sales of Assets $265,018
22.3%
Other Income $354,361
29.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $614,558
76.1%
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 $20,388,848
Total Liabilities $3,810
Net Assets $20,385,038
Compensation
Key Employees and Officers Compensation Other
Robert Leitz (President) $0 $0
Vincent Marsala (Trustee) $0 $0
Shelby L Smith (Vice President) $0 $0
Gilbert R Shanley Jr (Treasurer) $0 $0
Merritt B Chastain Jr (Secretary) $0 $0
Richard Bremer (Trustee) $0 $0
Thomas G Carmody (Trustee) $0 $0
Dr Kevin L Cope (Trustee) $0 $0
Dr Alan D Gabehart (Trustee) $0 $0
Dr Wilfred L Guerin (Trustee) $0 $0
Dr Pamela Washington (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$705,687
Expenses
$901,892
Net Income
-$196,205
Net Assets
$18,733,908
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $93,511
13.3%
Interest Revenue $13,985
2.0%
Dividends $414,028
58.7%
Sales of Assets $86,625
12.3%
Other Income $78,363
11.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $664,029
73.6%
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 $18,737,696
Total Liabilities $3,788
Net Assets $18,733,908
Compensation
Key Employees and Officers Compensation Other
Robert Leitz (President) $0 $0
Vincent Marsala (Trustee) $0 $0
Shelby L Smith (Vice President) $0 $0
Gilbert R Shanley Jr (Treasurer) $0 $0
Merritt B Chastain Jr (Secretary) $0 $0
Richard Bremer (Trustee) $0 $0
Thomas G Carmody (Trustee) $0 $0
Dr Kevin L Cope (Trustee) $0 $0
Dr Alan D Gabehart (Trustee) $0 $0
Dr Wilfred L Guerin (Trustee) $0 $0
Dr Pamela Washington (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,940,003
Expenses
$1,630,830
Net Income
$309,173
Net Assets
$18,821,399
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $89,165
4.6%
Interest Revenue $14,499
0.7%
Dividends $493,167
25.4%
Sales of Assets $719,444
37.1%
Other Income $284,453
14.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $988,909
60.6%
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 $18,824,317
Total Liabilities $2,918
Net Assets $18,821,399

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,077,608
Expenses
$970,327
Net Income
$107,281
Net Assets
$18,278,929
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $189,762
17.6%
Interest Revenue $91,044
8.4%
Dividends $312,667
29.0%
Sales of Assets $283,173
26.3%
Other Income $141,987
13.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $739,401
76.2%
Compensation of Officers* $86,924
9.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $18,278,929
Total Liabilities $0
Net Assets $18,278,929

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,438,800
Expenses
$943,359
Net Income
$1,495,441
Net Assets
$19,928,426
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $188,117
7.7%
Interest Revenue $104,465
4.3%
Dividends $273,985
11.2%
Sales of Assets $805,976
33.0%
Other Income $271,116
11.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $677,243
71.8%
Compensation of Officers* $86,924
9.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $19,928,426
Total Liabilities $0
Net Assets $19,928,426

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

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

Document Links

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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