Stuart And Margaret L Forbes Foundation Inc

Columbus, NC
Tax-exempt since Oct. 1998
EIN: 56-2079528

Receive an email when new data is available for this organization.

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: Religion-Related, Spiritual Development / Christian (NTEE)

Donations to this organization are tax deductible.

Revenue

$124k (2024)

Expenses

$144k (2024)

Total Assets

$1.98M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2012 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

$123,921

Expenses

$144,086

Net Income

-$20,165

Net Assets

$1,983,219

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$500	0.4%
Interest Revenue	$2,394	1.9%
Dividends	$38,758	31.3%
Sales of Assets	$82,143	66.3%
Other Income	$126	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$126,711	87.9%
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	$1,983,219
Total Liabilities	$0
Net Assets	$1,983,219

Compensation

Key Employees and Officers	Compensation	Other
James T Boyle Jr (Vice Chr/Pre)	$0	$0
Susan Mchugh (Chair/Vice P)	$0	$0
F K Mcfarland Iii (Direct/Sec/T)	$0	$0

990-PF

Filed on May 28, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$53,714

Expenses

$90,119

Net Income

-$36,405

Net Assets

$1,350,953

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,470	4.6%
Dividends	$34,161	63.6%
Sales of Assets	$16,965	31.6%
Other Income	$118	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$75,655	84.0%
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	$1,350,953
Total Liabilities	$0
Net Assets	$1,350,953

Compensation

Key Employees and Officers	Compensation	Other
James T Boyle Jr (Vice Chr/Pre)	$0	$0
Susan Mchugh (Chair/Vice P)	$0	$0
F K Mcfarland Iii (Direct/Sec/T)	$0	$0

990-PF

Filed on May 10, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$91,102

Expenses

$80,596

Net Income

$10,506

Net Assets

$1,315,147

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,786	4.2%
Dividends	$34,952	38.4%
Sales of Assets	$52,250	57.4%
Other Income	$114	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$66,500	82.5%
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	$1,315,147
Total Liabilities	$0
Net Assets	$1,315,147

Compensation

Key Employees and Officers	Compensation	Other
James T Boyle Jr (Vice Chr/Pre)	$0	$0
Susan Mchugh (Chair/Vice P)	$0	$0
F K Mcfarland Iii (Direct/Sec/T)	$0	$0

990-PF

Filed on Nov. 13, 2023

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Feb.
2021

Revenue

$56,333

Expenses

$77,593

Net Income

-$21,260

Net Assets

$1,328,520

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5,250	9.3%
Dividends	$31,153	55.3%
Sales of Assets	$19,298	34.3%
Other Income	$632	1.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$68,985	88.9%
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	$1,328,521
Total Liabilities	$1
Net Assets	$1,328,520

Compensation

Key Employees and Officers	Compensation	Other
James T Boyle Jr (Vice Chr/Pre)	$0	$0
Susan Mchugh (Chair/Vice P)	$0	$0
F K Mcfarland Iii (Direct/Sec/T)	$0	$0

990-PF

Filed on July 6, 2021

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Feb.
2020

Revenue

$118,036

Expenses

$65,266

Net Income

$52,770

Net Assets

$1,154,705

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$41,034	34.8%
Sales of Assets	$77,002	65.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$54,000	82.7%
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	$1,154,706
Total Liabilities	$1
Net Assets	$1,154,705

Compensation

Key Employees and Officers	Compensation	Other
James T Boyle Jr (Vice Chairman/President)	$0	$0
Susan Mchugh (Chairman/Vice President)	$0	$0
F K Mcfarland Iii (Director/Secretary/Treasur)	$0	$0

990-PF

Filed on May 19, 2020

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Feb.
2019

Revenue

$63,884

Expenses

$71,810

Net Income

-$7,926

Net Assets

$1,162,835

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$38,161	59.7%
Sales of Assets	$25,723	40.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$54,520	75.9%
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	$1,162,835
Total Liabilities	$0
Net Assets	$1,162,835

Compensation

Key Employees and Officers	Compensation	Other
James T Boyle Jr (Vice Chairman/President)	$0	$0
Susan Mchugh (Chairman/Vice President)	$0	$0
F K Mcfarland Iii (Director/Secretary/Treasur)	$0	$0

990-PF

Filed on April 24, 2019

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Feb.
2018

Revenue

$68,423

Expenses

$7,014

Net Income

$61,409

Net Assets

$1,207,070

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$44,257	64.7%
Sales of Assets	$24,166	35.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,893	98.3%
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	$1,207,070
Total Liabilities	$0
Net Assets	$1,207,070

Compensation

Key Employees and Officers	Compensation	Other
James T Boyle Jr (Vice Chairman/President)	$0	$0
Susan Mchugh (Chairman/Vice President)	$0	$0
F K Mcfarland Iii (Director/Secretary/Treasur)	$0	$0

990-PF

Filed on June 13, 2018

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Feb.
2017

Revenue

$51,347

Expenses

$44,208

Net Income

$7,139

Net Assets

$1,128,001

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$35,369	68.9%
Sales of Assets	$15,381	30.0%
Other Income	$597	1.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$44,059	99.7%
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	$1,128,001
Total Liabilities	$0
Net Assets	$1,128,001

Compensation

Key Employees and Officers	Compensation	Other
James T Boyle Jr (Vice Chairman/President)	$0	$0
Susan Mchugh (Chairman/Vice President)	$0	$0
F K Mcfarland Iii (Director/Secretary/Treasur)	$0	$0

990-PF

Filed on Feb. 7, 2018

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Feb.
2016

Revenue

$40,658

Expenses

$45,008

Net Income

-$4,350

Net Assets

$974,726

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$372	0.9%
Dividends	$33,174	81.6%
Sales of Assets	$5,219	12.8%
Other Income	$1,893	4.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$42,322	94.0%
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	$974,726
Total Liabilities	$0
Net Assets	$974,726

Compensation

Key Employees and Officers	Compensation	Other
James T Boyle Jr (Vice Chairman/President)	$0	$0
Susan Mchugh (Chairman/Vice President)	$0	$0
F K Mcfarland Iii (Director/Secretary/Treasur)	$0	$0

990-PF

Filed on Oct. 17, 2016

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

View Filing

Schedules ▼

PDF XML

PDF (2 of 2)

Fiscal Year Ending Feb.
2015

Revenue

$84,708

Expenses

$40,904

Net Income

$43,804

Net Assets

$1,025,506

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2	0.0%
Dividends	$37,928	44.8%
Sales of Assets	$46,111	54.4%
Other Income	$667	0.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$38,770	94.8%
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	$1,025,506
Total Liabilities	$0
Net Assets	$1,025,506

Compensation

Key Employees and Officers	Compensation	Other
James T Boyle Jr (Vice Chairman/President)	$0	$0
Susan Mchugh (Chairman/Vice President)	$0	$0
F K Mcfarland Iii (Director/Secretary/Treasurer)	$0	$0

990-PF

Filed on May 12, 2015

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Feb.
2014

Revenue

$61,161

Expenses

$42,381

Net Income

$18,780

Net Assets

$970,911

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2	0.0%
Dividends	$38,077	62.3%
Sales of Assets	$23,082	37.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$41,835	98.7%
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	$970,911
Total Liabilities	$0
Net Assets	$970,911

Compensation

Key Employees and Officers	Compensation	Other
James T Boyle Jr (Vice Chairman/President)	$0	$0
Susan Mchugh (Chairman/Vice President)	$0	$0
F K Mcfarland Iii (Director/Secretary/Treasur)	$0	$0

990-PF

Filed on May 9, 2014

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Feb.
2013

Revenue

$38,011

Expenses

$64,943

Net Income

-$26,932

Net Assets

$918,336

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.0%
Dividends	$38,410	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$62,107	95.6%
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	$918,337
Total Liabilities	$1
Net Assets	$918,336

990-PF

Filed on Jan. 10, 2014

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Feb.
2012

Revenue

$44,256

Expenses

$36,146

Net Income

$8,110

Net Assets

$910,848

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.0%
Dividends	$44,597	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$35,412	98.0%
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	$910,849
Total Liabilities	$1
Net Assets	$910,848

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 »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
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.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

See an issue with the data?

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated January 26, 2026

Stuart And Margaret L Forbes Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $124k (2024)

Expenses $144k (2024)

Total Assets $1.98M (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 Feb. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Feb. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Feb. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Feb. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Feb. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Feb. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Feb. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Feb. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Feb. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$124k (2024)

Expenses

$144k (2024)

Total Assets

$1.98M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Feb.
2021

Fiscal Year Ending Feb.
2020

Fiscal Year Ending Feb.
2019

Fiscal Year Ending Feb.
2018

Fiscal Year Ending Feb.
2017

Fiscal Year Ending Feb.
2016

Fiscal Year Ending Feb.
2015

Fiscal Year Ending Feb.
2014

Fiscal Year Ending Feb.
2013

Fiscal Year Ending Feb.
2012

Fiscal Year Ending Feb.
2011

Fiscal Year Ending Feb.
2010

Fiscal Year Ending Feb.
2009

Fiscal Year Ending Feb.
2008

Fiscal Year Ending Feb.
2007

Fiscal Year Ending Feb.
2006

Fiscal Year Ending Feb.
2005

Fiscal Year Ending Feb.
2004

Fiscal Year Ending Feb.
2003

Fiscal Year Ending Feb.
2002