Nonprofit · EIN 26-1968833
KERUSSO FOUNDATION INC
Tax-exempt · SHERMAN, TX 75090
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $108,305 | $78,413 | $29,892 | $33,100 | – | $33,100 |
| December 31, 2024 | 990-EZ | $53,286 | $55,723 | -$2,437 | $3,208 | – | $3,208 |
| December 31, 2023 | 990-EZ | $65,403 | $59,758 | $5,645 | $5,645 | – | $5,645 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $108,305
Expenses
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fees and payments to contractors
- $4,290
- Occupancy
- $679
- Printing, publications and postage
- $1
- Other expenses
- $73,443
- Program services (functional)
- $57,050
Balance sheet and other
- Total assets, start of year
- $3,208
- Total assets, end of year
- $33,100
- Total liabilities, end of year
- –
- Net assets, end of year
- $33,100
- Cash, savings and investments
- $33,100
- Gross receipts
- $108,305
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Max Premson | Chiarman | 0 | $0 |
| Jason Bobbitt | Board of Directors | 0 | $0 |
| Billy J Clark | Executive Director | 40 | $0 |
990-EZ for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Billy Jay Clark | Executive Director | 40 | $21,000 |
| Brad Fraser | Chairman | 0 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Billy Jay Clark | Executive Director | 40 | $30,000 |
| Brad Fraser | Chairman | 0 | $0 |
| Yukai Wang | Secretary | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 181 PECAN VALLEY CT, SHERMAN, TX 75090-7427
- Mailing address (990-N for 2009)
- PO Box 6871, McKinney TX 75071
- Principal officer (990-N for 2009)
- Jennifer L Woodward, 5343 Cree Dr, Frisco TX 75034
- Signed the 990-EZ
- Billy J Clark, Executive Director
- Phone
- (469) 307-6167
- Website
- www.kerussofoundation.org
Mission
Kerusso's primary purpose is to develop, implement, and train leadership programs for Christian based organization who operate in emerging countries. The organization supports projects in different countries including India, and Brazil providing financial support for leadership development programs.
Program accomplishments
- The organization partnered with ministry and nonprofit leadership teams to strengthen leadership discipline through structured strategic planning, mentoring, and grant funded consulting. During the year, a leadership diagnostic identified organizational discipline as the primary growth area, and a core planning team enrolled in the LAB Strategic Planning Course to develop a comprehensive strategic plan for implementation. The organization also launched a mentoring program using the LAB Learning Process that provided coaching, accountability, and hands on leadership development for emerging leaders, while grants supported partner organizations with training, consulting, and implementation. These activities benefited ministry and nonprofit leadership teams, partner organizations, and local church leaders in the United States and internationally.Expenses $25,000 · grants $25,000
- The organization partnered with a national church network to build long term leadership capacity across a large network of congregations using the LAB Method. A leadership development initiative was launched to develop resilient, mission aligned leaders through assessment, training, and leadership multiplication. During the year, a comprehensive leadership assessment was planned for about 56 key leaders, including staff, missionaries, and executive leaders, and a three phase framework of Assessment, Training, and Multiplication was established to create a scalable leadership pipeline supporting ongoing growth across a network of 334 churches.Expenses $25,000 · grants $25,000
- The organization partnered with ministry and nonprofit leaders to help them identify and align around key strategic priorities through training and facilitated sessions using the LAB Method. Leaders received practical tools to strengthen leadership discipline, decision making, and execution, gained clarity on organizational priorities and next steps, and improved alignment between vision, mission, and day to day leadership decisions. These activities laid the foundation for ongoing strategic planning and mentoring and supported ministry and church leaders in the United States and internationally.Expenses $7,050 · grants $7,050
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 26-1968833
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X99)
- Assets (IRS master file)
- $33,100
- Income (IRS master file)
- $108,305
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $108,305 | $78,413 | $33,100 | IRS |
| 990-EZ | December 2024 | $53,286 | $55,723 | $3,208 | IRS |
| 990-EZ | December 2023 | $65,403 | $59,758 | $5,645 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-N for 2009 Officer: Jennifer L Woodward | December 31, 2009 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-1968833).
Questions about KERUSSO FOUNDATION INC
- What is the EIN of KERUSSO FOUNDATION INC?
- The employer identification number (EIN) of KERUSSO FOUNDATION INC is 26-1968833.
- Is KERUSSO FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to KERUSSO FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KERUSSO FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of KERUSSO FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KERUSSO FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of KERUSSO FOUNDATION INC?
- The 990-N for 2009 names Jennifer L Woodward.
- Who are the officers and directors of KERUSSO FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does KERUSSO FOUNDATION INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $108,305, expenses of $78,413 and total assets of $33,100 at year end.
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