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Jack & Nancy Ragland Memorial Tr 4261

Organization summary

Type of Nonprofit

Designated as a Non-exempt charitable trusts.

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

Summary charts: organization finances over time

Revenue
$105k (2024)

Expenses
$93.2k (2024)

Total Assets
$1.62M (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2013 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
$105,176
Expenses
$93,214
Net Income
$11,962
Net Assets
$1,621,471
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,083
1.0%
Dividends $44,488
42.3%
Sales of Assets $50,944
48.4%
Other Income $8,661
8.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $85,211
91.4%
Compensation of Officers* $9,940
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 $1,621,471
Total Liabilities $0
Net Assets $1,621,471
Compensation
Key Employees and Officers Compensation Other
Truist Bank (Trustee) $9,940 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$108,080
Expenses
$70,482
Net Income
$37,598
Net Assets
$1,608,707
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,280
1.2%
Dividends $47,410
43.9%
Sales of Assets $59,390
55.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $63,311
89.8%
Compensation of Officers* $13,331
18.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,608,707
Total Liabilities $0
Net Assets $1,608,707
Compensation
Key Employees and Officers Compensation Other
Truist Bank (Trustee) $13,331 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$60,240
Expenses
$160,255
Net Income
-$100,015
Net Assets
$1,572,676
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,092
1.8%
Dividends $26,204
43.5%
Sales of Assets $32,944
54.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $144,518
90.2%
Compensation of Officers* $18,136
11.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,572,676
Total Liabilities $0
Net Assets $1,572,676
Compensation
Key Employees and Officers Compensation Other
Truist Bank (Trustee) $18,136 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$216,105
Expenses
$50,691
Net Income
$165,414
Net Assets
$1,672,686
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $15
0.0%
Dividends $33,257
15.4%
Sales of Assets $182,833
84.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $10,146
20.0%
Compensation of Officers* $20,292
40.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,672,686
Total Liabilities $0
Net Assets $1,672,686
Compensation
Key Employees and Officers Compensation Other
Truist Bank (Trustee) $20,292 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$29,729
Expenses
$46,144
Net Income
-$16,415
Net Assets
$1,505,923
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $35,304
> 100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $36,887
79.9%
Compensation of Officers* $16,544
35.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,505,924
Total Liabilities $1
Net Assets $1,505,923
Compensation
Key Employees and Officers Compensation Other
Branch Banking And Trust Company (Trustee) $16,544 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$49,185
Expenses
$48,385
Net Income
$800
Net Assets
$1,522,359
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $40,548
82.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $8,637
17.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $16,878
34.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,522,359
Total Liabilities $0
Net Assets $1,522,359
Compensation
Key Employees and Officers Compensation Related Other
Branch Banking & Trust Company (Trustee) $16,878 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$83,599
Expenses
$42,671
Net Income
$40,928
Net Assets
$1,521,657
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $35,774
42.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $47,825
57.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $16,785
39.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,521,657
Total Liabilities $0
Net Assets $1,521,657
Compensation
Key Employees and Officers Compensation Related Other
Branch Banking & Trust Company (Trustee) $16,785 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$77,316
Expenses
$37,733
Net Income
$39,583
Net Assets
$1,480,015
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $30,605
39.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $46,711
60.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $16,683
44.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,480,015
Total Liabilities $0
Net Assets $1,480,015
Compensation
Key Employees and Officers Compensation Related Other
Branch Banking & Trust Company (Trustee) $16,683 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,659
Expenses
$36,183
Net Income
-$21,524
Net Assets
$1,440,927
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $28,619
> 100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$13,960
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $15,722
43.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,440,927
Total Liabilities $0
Net Assets $1,440,927
Compensation
Key Employees and Officers Compensation Related Other
Branch Banking & Trust Company (Trustee) $15,722 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$79,337
Expenses
$34,362
Net Income
$44,975
Net Assets
$1,462,477
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $25,956
32.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $53,381
67.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $17,905
52.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,462,477
Total Liabilities $0
Net Assets $1,462,477
Compensation
Key Employees and Officers Compensation Related Other
Branch Banking & Trust Company (Trustee) $17,905 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$102,835
Expenses
$36,999
Net Income
$65,836
Net Assets
$1,417,090
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $29,304
28.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $73,531
71.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $18,970
51.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,417,090
Total Liabilities $0
Net Assets $1,417,090
Compensation
Key Employees and Officers Compensation Related Other
Branch Banking & Trust Company (Trustee) $18,970 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$108,431
Expenses
$43,879
Net Income
$64,552
Net Assets
$1,350,806
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $33,266
30.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $75,165
69.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $18,624
42.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,350,806
Total Liabilities $0
Net Assets $1,350,806
Compensation
Key Employees and Officers Compensation Related Other
Branch Banking & Trust Company (Trustee) $18,624 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

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.
2011

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.
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.
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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