Armat Foundation Inc

Mount Airy, NC
Tax-exempt since Oct. 1997
EIN: 56-2045002

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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

$113k (2024)

Expenses

$114k (2024)

Total Assets

$1.4M (2024)

Total Liabilities

$0 (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

$113,268

Expenses

$114,010

Net Income

-$742

Net Assets

$1,403,369

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$394	0.3%
Dividends	$108,268	95.6%
Sales of Assets	$4,606	4.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$109,587	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	$1,403,369
Total Liabilities	$0
Net Assets	$1,403,369

Compensation

Key Employees and Officers	Compensation	Other
Betty Wright (President, Secretary)	$0	$0
Tamra Wright Thomas (Asst. Sec.)	$0	$0

990-PF

Filed on May 9, 2025

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

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Fiscal Year Ending Dec.
2023

Revenue

$120,459

Expenses

$133,132

Net Income

-$12,673

Net Assets

$1,404,111

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$378	0.3%
Dividends	$120,266	99.8%
Sales of Assets	-$185
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$127,738	95.9%
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	$1,404,111
Total Liabilities	$0
Net Assets	$1,404,111

Compensation

Key Employees and Officers	Compensation	Other
Betty Wright (President, Secretary)	$0	$0
Tamra Wright Thomas (Asst. Sec.)	$0	$0

990-PF

Filed on Aug. 29, 2024

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

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PDF XML

Fiscal Year Ending Dec.
2022

Revenue

$46,677

Expenses

$21,407

Net Income

$25,270

Net Assets

$1,416,784

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$220	0.5%
Dividends	$54,396	> 100%
Sales of Assets	-$7,939
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$16,735	78.2%
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	$1,416,784
Total Liabilities	$0
Net Assets	$1,416,784

Compensation

Key Employees and Officers	Compensation	Other
Betty Wright (President, Secretary)	$0	$0
Tamra Wright Thomas (Asst. Sec.)	$0	$0

990-PF

Filed on July 14, 2023

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

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Fiscal Year Ending Dec.
2021

Revenue

$98,581

Expenses

$157,331

Net Income

-$58,750

Net Assets

$1,391,514

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$6	0.0%
Dividends	$79,785	80.9%
Sales of Assets	$18,790	19.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$153,300	97.4%
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	$1,391,514
Total Liabilities	$0
Net Assets	$1,391,514

Compensation

Key Employees and Officers	Compensation	Other
Betty Wright (President, Secretary)	$0	$0
Tamra Wright Thomas (Asst. Sec.)	$0	$0

990-PF

Filed on Nov. 3, 2022

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

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Fiscal Year Ending Dec.
2020

Revenue

$69,342

Expenses

$117,844

Net Income

-$48,502

Net Assets

$1,450,263

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$48	0.1%
Dividends	$73,427	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$112,175	95.2%
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	$1,450,264
Total Liabilities	$1
Net Assets	$1,450,263

Compensation

Key Employees and Officers	Compensation	Other
Betty Wright (President, Secretary)	$0	$0
Tamra Wright Thomas (Asst. Sec.)	$0	$0

990-PF

Filed on Sept. 9, 2021

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

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XML

Fiscal Year Ending Dec.
2019

Revenue

$58,513

Expenses

$128,035

Net Income

-$69,522

Net Assets

$1,498,765

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$674	1.2%
Dividends	$70,569	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$120,955	94.5%
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	$1,498,766
Total Liabilities	$1
Net Assets	$1,498,765

Compensation

Key Employees and Officers	Compensation	Other
Betty Wright (President, Secretary)	$0	$0
Tamra Wright Thomas (Asst. Sec.)	$0	$0

990-PF

Filed on July 14, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$73,372

Expenses

$101,415

Net Income

-$28,043

Net Assets

$1,568,288

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$813	1.1%
Dividends	$88,429	> 100%
Sales of Assets	-$15,870
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$92,086	90.8%
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	$1,568,288
Total Liabilities	$0
Net Assets	$1,568,288

Compensation

Key Employees and Officers	Compensation	Other
Betty Wright (President, Secretary)	$0	$0
Tamra Wright Thomas (Asst. Sec.)	$0	$0

990-PF

Filed on July 23, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$74,077

Expenses

$98,979

Net Income

-$24,902

Net Assets

$1,596,331

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$145	0.2%
Dividends	$53,488	72.2%
Sales of Assets	$20,444	27.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$88,081	89.0%
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	$1,616,581
Total Liabilities	$20,250
Net Assets	$1,596,331

Compensation

Key Employees and Officers	Compensation	Other
Betty Wright (President, Secretary)	$0	$0
Tamra Wright Thomas (Asst. Sec.)	$0	$0

990-PF

Filed on July 18, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$36,870

Expenses

$118,778

Net Income

-$81,908

Net Assets

$1,621,233

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$12	0.0%
Dividends	$45,885	> 100%
Sales of Assets	-$9,027
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$107,480	90.5%
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	$1,700,387
Total Liabilities	$79,154
Net Assets	$1,621,233

Compensation

Key Employees and Officers	Compensation	Other
Betty Wright (President, Secretary)	$0	$0
Tamra Wright Thomas (Asst. Sec.)	$0	$0

990-PF

Filed on July 11, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$38,639

Expenses

$108,676

Net Income

-$70,037

Net Assets

$1,703,141

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$11	0.0%
Dividends	$42,587	> 100%
Sales of Assets	-$3,959
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$95,891	88.2%
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	$1,776,641
Total Liabilities	$73,500
Net Assets	$1,703,141

Compensation

Key Employees and Officers	Compensation	Other
Betty Wright (President, Secretary)	$0	$0
Tamra Wright Thomas (Asst. Sec.)	$0	$0

990-PF

Filed on May 6, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$46,363

Expenses

$108,280

Net Income

-$61,917

Net Assets

$1,773,178

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$12	0.0%
Dividends	$45,716	98.6%
Sales of Assets	$635	1.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$85,735	79.2%
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	$1,773,178
Total Liabilities	$0
Net Assets	$1,773,178

Compensation

Key Employees and Officers	Compensation	Other
Betty Wright (President, Secretary)	$0	$0
Tamra Wright Thomas (Asst. Sec.)	$0	$0

990-PF

Filed on July 1, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$144,153

Expenses

$106,424

Net Income

$37,729

Net Assets

$1,835,095

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$560	0.4%
Interest Revenue	$44	0.0%
Dividends	$22,606	15.7%
Sales of Assets	$87,481	60.7%
Other Income	$33,462	23.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$90,395	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	$1,835,095
Total Liabilities	$0
Net Assets	$1,835,095

Compensation

Key Employees and Officers	Compensation	Other
Betty Wright (President, Secretary)	$0	$0
Tamra Wright Thomas (Asst. Sec.)	$0	$0

990-PF

Filed on July 15, 2014

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

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990-T

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$88,712

Expenses

$66,669

Net Income

$22,043

Net Assets

$1,797,365

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,000	5.6%
Interest Revenue	$5	0.0%
Dividends	$71,591	80.7%
Sales of Assets	$14,344	16.2%
Other Income	-$2,228

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$52,530	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	$1,797,366
Total Liabilities	$1
Net Assets	$1,797,365

990-PF

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

PDF

990-T

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$260,448

Expenses

$80,147

Net Income

$180,301

Net Assets

$1,775,322

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$212,141	81.5%
Interest Revenue	$16	0.0%
Dividends	$25,736	9.9%
Sales of Assets	$24,416	9.4%
Other Income	-$1,861

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$68,124	85.0%
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	$1,775,323
Total Liabilities	$1
Net Assets	$1,775,322

990-PF

What Is This Data?

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

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Armat Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $113k (2024)

Expenses $114k (2024)

Total Assets $1.4M (2024)

Total Liabilities $0 (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

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

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$113k (2024)

Expenses

$114k (2024)

Total Assets

$1.4M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

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2022

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2021

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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.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2005

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2002

Fiscal Year Ending Dec.
2001