Maxwell M Corpening Jr Memorial Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves
Maxwell M Corpening Jr Memorial Foundation is a 501(c)(3) organization based in Marion, North Carolina, registered in 1972, with $670,166 in FY2024 revenue. CharityIndex grades it C+.
Po Box 2400, Marion, NC, 28752 EIN 23-7201488 Since 1972
Revenue (FY2024)
$670K
▲ 0.5% vs prior year
Expenses (FY2024)
$607K
Net assets
$683K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Maxwell M Corpening Jr Memorial Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating14 mo reserves · +9% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Maxwell M Corpening Jr Memorial Foundation: 14 mo reserves · +9% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Maxwell M Corpening Jr Memorial Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Maxwell M Corpening Jr Memorial Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 2400, Marion, NC, 28752
- City
- Marion
- State
- North Carolina
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $615K (FY2020) to $670K (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1,492Net assets $683K
Operating margin
9.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$684K
Total liabilities
$1,492
Net assets
$683K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $670,166▲0.5% | $606,627▼4.9% | $682,818▲10.3% | $684,310▲10.3% | 990PF |
| 2023 | $666,767▼13.1% | $638,081▼8.9% | $619,279▲4.9% | $620,538▲4.9% | 990PF |
| 2022 | $767,264▲16.6% | $700,748▲34.2% | $590,593▲12.7% | $591,656▲12.7% | 990PF |
| 2021 | $658,229▲7.0% | $522,202▼10.8% | $524,077▲35.1% | $524,798▲35.0% | 990PF |
| 2020 | $614,963 | $585,482 | $388,050 | $388,610 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $216K total
7 grants to Maxwell M Corpening Jr Memorial Foundation totaling $216K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Foundation For the Carolinas | Charitable gift | 2024 | $40,000 |
| Foundation For the Carolinas | Charitable gift | 2023 | $18,000 |
| Foundation For the Carolinas | Charitable gift | 2022 | $50,000 |
| Foundation For the Carolinas | Charitable gift | 2021 | $57,023 |
| Foundation For the Carolinas | Charitable gift | 2020 | $10,000 |
| Foundation For the Carolinas | Charitable gift | 2018 | $33,481 |
| Foundation For the Carolinas | Charitable gift | 2016 | $7,951 |
Frequently asked questions
- Is Maxwell M Corpening Jr Memorial Foundation a legitimate nonprofit?
- Yes. Maxwell M Corpening Jr Memorial Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7201488, based in Marion, North Carolina. Donations are tax-deductible.
- What is Maxwell M Corpening Jr Memorial Foundation's EIN?
- Maxwell M Corpening Jr Memorial Foundation's Employer Identification Number (EIN) is 23-7201488.
- How much revenue does Maxwell M Corpening Jr Memorial Foundation report?
- Maxwell M Corpening Jr Memorial Foundation reported $670,166 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Maxwell M Corpening Jr Memorial Foundation have?
- CharityIndex grades Maxwell M Corpening Jr Memorial Foundation C+, based on financial health (reserves and operating margin).
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Data for Maxwell M Corpening Jr Memorial Foundation (EIN 23-7201488) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.