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Leroy S Hoover Tr

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.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.6M (2024)

Expenses
$1.01M (2024)

Total Assets
$17.4M (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2014 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 Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,595,077
Expenses
$1,012,315
Net Income
$582,762
Net Assets
$17,370,070
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $5,511
0.3%
Dividends $518,137
32.5%
Sales of Assets $1,071,316
67.2%
Other Income $113
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $923,881
91.3%
Compensation of Officers* $107,915
10.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $17,370,070
Total Liabilities $0
Net Assets $17,370,070
Compensation
Key Employees and Officers Compensation Other
Truist Bank (Trustee) $107,915 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,347,053
Expenses
$968,077
Net Income
$378,976
Net Assets
$16,784,512
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $20,840
1.5%
Dividends $502,984
37.3%
Sales of Assets $823,229
61.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $904,831
93.5%
Compensation of Officers* $105,408
10.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $16,784,512
Total Liabilities $0
Net Assets $16,784,512
Compensation
Key Employees and Officers Compensation Other
Truist Bank (Trustee) $105,408 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$309,896
Expenses
$1,121,601
Net Income
-$811,705
Net Assets
$16,416,042
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $12,852
4.1%
Dividends $391,936
> 100%
Sales of Assets -$94,912
Other Income $20
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,061,284
94.6%
Compensation of Officers* $111,341
9.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $16,416,042
Total Liabilities $0
Net Assets $16,416,042
Compensation
Key Employees and Officers Compensation Other
Truist Bank (Trustee) $111,341 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,121,401
Expenses
$856,035
Net Income
$265,366
Net Assets
$17,223,222
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $344
0.0%
Interest Revenue $13,264
1.2%
Dividends $378,564
33.8%
Sales of Assets $729,229
65.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $764,765
89.3%
Compensation of Officers* $119,301
13.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $17,223,222
Total Liabilities $0
Net Assets $17,223,222
Compensation
Key Employees and Officers Compensation Other
Truist Bank (Trustee) $119,301 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,752,372
Expenses
$813,060
Net Income
$939,312
Net Assets
$16,995,914
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $13,875
0.8%
Dividends $360,019
20.5%
Sales of Assets $1,378,478
78.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $749,998
92.2%
Compensation of Officers* $97,475
12.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $16,995,915
Total Liabilities $1
Net Assets $16,995,914
Compensation
Key Employees and Officers Compensation Other
Branch Banking And Trust Company (Trustee) $97,475 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$970,324
Expenses
$806,140
Net Income
$164,184
Net Assets
$16,060,451
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $51
0.0%
Interest Revenue $17,230
1.8%
Dividends $392,853
40.5%
Sales of Assets $554,815
57.2%
Other Income $5,375
0.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $693,131
86.0%
Compensation of Officers* $104,952
13.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $16,060,452
Total Liabilities $1
Net Assets $16,060,451
Compensation
Key Employees and Officers Compensation Other
Branch Banking And Trust Company (Trustee) $104,952 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$686,472
Expenses
$802,760
Net Income
-$116,288
Net Assets
$15,888,362
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $619
0.1%
Interest Revenue $21,961
3.2%
Dividends $388,146
56.5%
Sales of Assets $275,746
40.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $678,657
84.5%
Compensation of Officers* $104,897
13.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $15,888,362
Total Liabilities $0
Net Assets $15,888,362
Compensation
Key Employees and Officers Compensation Other
Branch Banking And Trust Company (Trustee) $104,897 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,804,908
Expenses
$733,966
Net Income
$1,070,942
Net Assets
$16,045,416
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $144
0.0%
Interest Revenue $44,585
2.5%
Dividends $303,093
16.8%
Sales of Assets $1,457,086
80.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $621,512
84.7%
Compensation of Officers* $103,364
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 $16,045,416
Total Liabilities $0
Net Assets $16,045,416
Compensation
Key Employees and Officers Compensation Other
Branch Banking And Trust Company (Trustee / Part Time) $103,364 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$180,291
Expenses
$1,149,086
Net Income
-$968,795
Net Assets
$14,987,506
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $258
0.1%
Interest Revenue $51,581
28.6%
Dividends $307,575
> 100%
Sales of Assets -$179,123
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,044,609
90.9%
Compensation of Officers* $101,091
8.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $14,987,506
Total Liabilities $0
Net Assets $14,987,506
Compensation
Key Employees and Officers Compensation Other
Branch Banking And Trust Company (Trustee / Part Time) $101,091 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$16,062,804
Expenses
$376,286
Net Income
$15,686,518
Net Assets
$16,056,134
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $16,207,674
> 100%
Interest Revenue $153
0.0%
Dividends $229,455
1.4%
Sales of Assets -$374,478
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $295,559
78.5%
Compensation of Officers* $73,161
19.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $16,056,134
Total Liabilities $0
Net Assets $16,056,134
Compensation
Key Employees and Officers Compensation Other
Branch Banking And Trust Company (Trustee / Part Time) $73,161 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$285,773
Expenses
$8,335
Net Income
$277,438
Net Assets
$277,228
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $284,571
99.6%
Interest Revenue $104
0.0%
Dividends $960
0.3%
Sales of Assets $138
0.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
Compensation of Officers* $249
3.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $277,228
Total Liabilities $0
Net Assets $277,228

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.

Which Organizations Are Here?

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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