Nonprofit · EIN 31-0929865
GOLAY FOUNDATION INC
Tax-exempt · CARMEL, IN 46032
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $183,918 | $320,415 | -$136,497 | $4,066,119 | $0 | $4,066,119 |
| December 31, 2023 | 990-PF | $247,056 | $361,246 | -$114,190 | $4,203,201 | $0 | $4,203,201 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,240
- Dividends
- $170,413
- Interest
- $1,024
- Net gain from sales of assets
- $9,241
Expenses
- Grants and similar amounts paid
- $260,000
- Compensation of officers, directors and key employees
- $12,000
- Disbursements for charitable purposes
- $276,888
- Excise tax on investment income
- $1,781
Balance sheet and other
- Total assets, start of year
- $4,203,201
- Total assets, end of year
- $4,066,119
- Total liabilities, end of year
- $0
- Net assets, end of year
- $4,066,119
- Fair market value of assets
- $5,726,569
- Qualifying distributions
- $276,888
- Net investment income
- $168,427
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NANCY JAROSINSKI 10647 JEWEL LANE, CARMEL, IN 46032 | PRESIDENT/SECRETARY/TREASU | 5 | $12,000 |
| BETTY CRIM 2521 TURNING LEAF LANE, CARMEL, IN 46032 | VICE-PRESIDENT | 1 | $0 |
| JENNIFER ROBINSON 1641 IDLEWILD DRIVE, RICHMOND, IN 47374 | MEMBER | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NANCY JAROSINSKI 10647 JEWEL LANE, CARMEL, IN 46032 | PRESIDENT/SECRETARY/TREASU | 5 | $13,200 |
| BETTY CRIM 2521 TURNING LEAF LANE, CARMEL, IN 46032 | VICE-PRESIDENT | 1 | $0 |
| JENNIFER ROBINSON 1641 IDLEWILD DRIVE, RICHMOND, IN 47374 | MEMBER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 10647 JEWEL LN, CARMEL, IN 46032-9486
- In care of
- % GOLAY & CO INC
- Signed the 990-PF
- NANCY JAROSINSKI, PRESIDENT
- Phone
- (317) 507-4671
- Return prepared by
- SIKICH LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 31-0929865
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1978
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $4,066,119
- Income (IRS master file)
- $729,156
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $183,918 | $320,415 | $4,066,119 | IRS |
| 990-PF | December 2023 | $247,056 | $361,246 | $4,203,201 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
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 31-0929865).
Questions about GOLAY FOUNDATION INC
- What is the EIN of GOLAY FOUNDATION INC?
- The employer identification number (EIN) of GOLAY FOUNDATION INC is 31-0929865.
- Is GOLAY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1978.
- Are donations to GOLAY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does GOLAY FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of GOLAY FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GOLAY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of GOLAY FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $12,000 (NANCY JAROSINSKI, PRESIDENT/SECRETARY/TREASU).
- How much revenue does GOLAY FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $183,918, expenses of $320,415 and total assets of $4,066,119 at year end.
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