Cary Oil Foundation Inc

Cary, NC
Tax-exempt since April 1998
EIN: 56-1950150

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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.

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

Donations to this organization are tax deductible.

Revenue

$67.6k (2024)

Expenses

$30.2k (2024)

Total Assets

$2.1M (2024)

Total Liabilities

$10 (2024)

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 Dec.
2024

Revenue

$67,633

Expenses

$30,150

Net Income

$37,483

Net Assets

$2,104,850

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$67,633	100%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$27,950	92.7%
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	$2,104,860
Total Liabilities	$10
Net Assets	$2,104,850

Compensation

Key Employees and Officers	Compensation	Other
Anthony Craig Stephenson (Pres., Dir.)	$0	$0
Adam Stephenson (Sec., Trea., Dir.)	$0	$0

990-PF

Filed on Oct. 29, 2025

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$41,198

Expenses

$14,162

Net Income

$27,036

Net Assets

$2,067,367

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$54,659	> 100%
Dividends	$58	0.1%
Sales of Assets	$3,342	8.1%
Other Income	-$16,861

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$9,457	66.8%
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	$2,067,367
Total Liabilities	$0
Net Assets	$2,067,367

Compensation

Key Employees and Officers	Compensation	Other
Anthony Craig Stephenson (Pres., Dir.)	$0	$0
Adam Stephenson (Sec., Trea., Dir.)	$0	$0

990-PF

Filed on Nov. 15, 2024

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$1,844,594

Expenses

$537,905

Net Income

$1,306,689

Net Assets

$2,040,331

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,726,000	93.6%
Interest Revenue	$29	0.0%
Dividends	$83	0.0%
Sales of Assets	$118,839	6.4%
Other Income	-$357

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$532,420	99.0%
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	$2,040,331
Total Liabilities	$0
Net Assets	$2,040,331

Compensation

Key Employees and Officers	Compensation	Other
Anthony Craig Stephenson (Pres., Dir.)	$0	$0
Adam Stephenson (Sec., Trea., Dir.)	$0	$0

990-PF

Filed on May 15, 2023

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

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Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2021

Revenue

$271,564

Expenses

$660,734

Net Income

-$389,170

Net Assets

$733,642

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$151,000	55.6%
Interest Revenue	$7	0.0%
Dividends	$0
Sales of Assets	$123,026	45.3%
Other Income	-$2,469

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$653,327	98.9%
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	$737,988
Total Liabilities	$4,346
Net Assets	$733,642

Compensation

Key Employees and Officers	Compensation	Other
Anthony Craig Stephenson (Pres., Dir.)	$0	$0
Adam Stephenson (Sec., Trea., Dir.)	$0	$0

990-PF

Filed on Nov. 14, 2022

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2020

Revenue

$65,163

Expenses

$1,587,119

Net Income

-$1,521,956

Net Assets

$1,122,812

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$75,000	> 100%
Interest Revenue	$528	0.8%
Dividends	$789	1.2%
Sales of Assets	$0
Other Income	-$4,448

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,577,343	99.4%
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	$1,127,136
Total Liabilities	$4,324
Net Assets	$1,122,812

Compensation

Key Employees and Officers	Compensation	Other
H Don Stephenson Jr (Pres., Dir.)	$0	$0
Thomas C Stephenson (Vp, Dir.)	$0	$0
Anthony Craig Stephenson (Sec., Trea., Dir.)	$0	$0

990-PF

Filed on June 14, 2021

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

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Schedules ▼

XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2019

Revenue

-$217,667

Expenses

$164,072

Net Income

-$381,739

Net Assets

$2,644,768

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$56
Dividends	$22,582
Sales of Assets	$0
Other Income	-$3,240

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$121,441	74.0%
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	$2,645,726
Total Liabilities	$958
Net Assets	$2,644,768

Compensation

Key Employees and Officers	Compensation	Other
H Don Stephenson Jr (Pres., Dir.)	$0	$0
Thomas C Stephenson (Vp, Dir.)	$0	$0
Anthony Craig Stephenson (Sec., Trea., Dir.)	$0	$0

990-PF

Filed on April 30, 2020

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2018

Revenue

$252,770

Expenses

$274,793

Net Income

-$22,023

Net Assets

$3,026,507

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$300,000	> 100%
Interest Revenue	$48	0.0%
Dividends	$12,556	5.0%
Sales of Assets	$127,296	50.4%
Other Income	-$187,130

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$216,605	78.8%
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	$3,026,507
Total Liabilities	$0
Net Assets	$3,026,507

Compensation

Key Employees and Officers	Compensation	Other
H Don Stephenson Jr (Pres., Dir.)	$0	$0
Thomas C Stephenson (Vp, Dir.)	$0	$0
Anthony Craig Stephenson (Sec., Trea., Dir.)	$0	$0

990-PF

Filed on May 13, 2019

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2017

Revenue

$121,748

Expenses

$380,542

Net Income

-$258,794

Net Assets

$3,048,530

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$200,000	> 100%
Interest Revenue	$94	0.1%
Dividends	$21,620	17.8%
Sales of Assets	-$98,811
Other Income	-$1,155

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$329,124	86.5%
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	$3,048,530
Total Liabilities	$0
Net Assets	$3,048,530

Compensation

Key Employees and Officers	Compensation	Other
H Don Stephenson Jr (Pres., Dir)	$0	$0
Thomas C Stephenson (Vp, Dir.)	$0	$0
Anthony Craig Stephenson (Sec., Trea., Dir.)	$0	$0

990-PF

Filed on May 9, 2018

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$174,525

Expenses

$257,849

Net Income

-$83,324

Net Assets

$3,307,324

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$200,000	> 100%
Interest Revenue	$98	0.1%
Dividends	$8,844	5.1%
Sales of Assets	-$64,101
Other Income	$29,684	17.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$196,664	76.3%
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	$3,307,324
Total Liabilities	$0
Net Assets	$3,307,324

Compensation

Key Employees and Officers	Compensation	Other
H Don Stephenson Jr (Pres., Dir)	$0	$0
Thomas C Stephenson (Vp, Dir.)	$0	$0
Anthony Craig Stephenson (Sec., Trea., Dir.)	$0	$0

990-PF

Filed on July 19, 2017

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

-$99,065

Expenses

$255,858

Net Income

-$354,923

Net Assets

$3,390,648

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$200,000
Interest Revenue	$287
Dividends	$12,247
Sales of Assets	-$308,606
Other Income	-$2,993

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$171,880	67.2%
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	$3,390,648
Total Liabilities	$0
Net Assets	$3,390,648

Compensation

Key Employees and Officers	Compensation	Other
H Don Stephenson Jr (Pres., Dir)	$0	$0
Thomas C Stephenson (Vp, Dir.)	$0	$0
Anthony Craig Stephenson (Sec., Trea., Dir.)	$0	$0

990-PF

Filed on Nov. 11, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$582,358

Expenses

$294,959

Net Income

$287,399

Net Assets

$3,745,571

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$200,000	34.3%
Interest Revenue	$254	0.0%
Dividends	$19,446	3.3%
Sales of Assets	$329,781	56.6%
Other Income	$32,877	5.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$206,406	70.0%
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	$3,745,571
Total Liabilities	$0
Net Assets	$3,745,571

Compensation

Key Employees and Officers	Compensation	Other
H Don Stephenson Jr (Pres., Dir)	$0	$0
Thomas C Stephenson (Vp, Dir.)	$0	$0
Anthony Craig Stephenson (Sec., Trea., Dir.)	$0	$0

990-PF

Filed on Nov. 13, 2015

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$190,990

Expenses

$231,592

Net Income

-$40,602

Net Assets

$3,458,172

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$200,000	> 100%
Interest Revenue	$245	0.1%
Dividends	$13,432	7.0%
Sales of Assets	-$82,390
Other Income	$59,703	31.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$172,195	74.4%
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	$3,458,172
Total Liabilities	$0
Net Assets	$3,458,172

Compensation

Key Employees and Officers	Compensation	Other
Harry D Stephenson (Pres., Dir)	$0	$0
Thomas C Stephenson (Vp, Dir.)	$0	$0
Anthony Craig Stephenson (Sec., Trea., Dir.)	$0	$0

990-PF

Filed on Nov. 13, 2014

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$398,195

Expenses

$223,538

Net Income

$174,657

Net Assets

$3,498,773

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$200,000	50.2%
Interest Revenue	$282	0.1%
Dividends	$14,202	3.6%
Sales of Assets	$106,000	26.6%
Other Income	$77,711	19.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$163,929	73.3%
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	$3,498,774
Total Liabilities	$1
Net Assets	$3,498,773

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$823,507

Expenses

$393,189

Net Income

$430,318

Net Assets

$3,324,117

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$175,000	21.3%
Interest Revenue	$160	0.0%
Dividends	$25,955	3.2%
Sales of Assets	$593,212	72.0%
Other Income	$29,180	3.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$170,622	43.4%
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	$3,324,117
Total Liabilities	$0
Net Assets	$3,324,117

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

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Cary Oil Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $67.6k (2024)

Expenses $30.2k (2024)

Total Assets $2.1M (2024)

Total Liabilities $10 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

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

Compensation

Document Links

990-PF

Revenue

$67.6k (2024)

Expenses

$30.2k (2024)

Total Assets

$2.1M (2024)

Total Liabilities

$10 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

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.
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Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001