Nonprofit · EIN 38-3118653
TORCH OF WISDOM FOUNDATION
Tax-exempt · SOUTHFIELD, MI 48037
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $162,662 | $213,877 | -$51,215 | $415,128 | $0 | $415,128 |
| December 31, 2023 | 990 | $261,073 | $279,596 | -$18,523 | $483,508 | $0 | $483,508 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $117,875
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $44,787
Expenses
- Grants and similar amounts paid
- $33,300
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $156
- Accounting fees
- $5,400
- Occupancy
- $83,369
- Depreciation
- $7,166
- Program services (functional)
- $139,810
- Management and general (functional)
- $72,092
- Fundraising (functional)
- $1,975
Balance sheet and other
- Total assets, start of year
- $483,508
- Total assets, end of year
- $415,128
- Total liabilities, end of year
- $0
- Net assets, end of year
- $415,128
- Land, buildings and equipment
- $280,081
- Net assets without donor restrictions
- $280,265
- Net assets with donor restrictions
- $134,863
- Gross receipts
- $162,662
- Employees
- 0
- Volunteers
- 50
- Year formed
- 1993
- State of legal domicile
- MI
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BEVERLY ALLEN | CHAIRPERSON PRESIDENT Trustee or director, Officer | 0 | $0 |
| FELICIA HUNTER | FACILITIES DIRECTOR Trustee or director | 0 | $0 |
| ROSITA BROCKINGTON | RECORDING SECRETARY Trustee or director, Officer | 0 | $0 |
| LASHAWN TAYLOR | DIRECTOR Trustee or director | 0 | $0 |
| KIM ROGERS | CORRESPONDING SECRETARY Trustee or director, Officer | 0 | $0 |
| CYNTHIA WILLIAMS | ASSISTANT TREASURER Trustee or director, Officer | 0 | $0 |
| DEBORAH BABER | ASSISTANT RECORDING SECRETARY Trustee or director, Officer | 0 | $0 |
| LASONJA CAMPBELL | YOUTH PROGRAMS CO DIRECTOR Trustee or director | 0 | $0 |
| YOLANDA DURFIELD | FUND DEVELOPMENT CO DIRECTOR Trustee or director | 0 | $0 |
| SHERRY HICKS | FUND DEVELOPMENT CO DIRECTOR Trustee or director | 0 | $0 |
| WHITNEY LEWIS | VICE PRESIDENT Trustee or director, Officer | 0 | $0 |
| DONNA BELL | NOMINATIONS DIRECTOR Trustee or director | 0 | $0 |
| ERNITA JOHNSON | MARKETING DIRECTOR Trustee or director | 0 | $0 |
| KIMBERLY OWENS CALLOWAY | EX OFFICIO MEMBER Trustee or director | 0 | $0 |
| SHEENA DANIELS | TREASURER Trustee or director, Officer | 0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ONEIKA MOBLEY | COMMUNITY PROGRAMS CO DIRECTOR Trustee or director | 0 | $0 |
| DRAKE PHIFER | COMMUNITY PROGRAMS CO DIRECTOR Trustee or director | 0 | $0 |
| MARK MORDEN | CORRESPONDING SECRETARY Trustee or director, Officer | 0 | $0 |
| LINDSEY JOHNSON | YOUTH PROGRAMS CO DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KIMBERLY OWENS CALLOWAY | EX OFFICIO MEMBER Trustee or director | 0 | $0 |
| ORLANDO BOGINS | DIRECTOR Trustee or director | 0 | $0 |
| ERNITA JOHNSON | MARKETING DIRECTOR Trustee or director | 0 | $0 |
| WHITNEY LEWIS | COMMUNICATIONS DIRECTOR Trustee or director | 0 | $0 |
| DONNA BELL | NOMINATIONS DIRECTOR Trustee or director | 0 | $0 |
| LINSEY JOHNSON | YOUTH PROGRAMS CO DIRECTOR Trustee or director | 0 | $0 |
| ELAINE EDWARDS | DIRECTOR Trustee or director | 0 | $0 |
| MARK MORDEN | DIRECTOR Trustee or director | 0 | $0 |
| ONEIKA MOBLEY | COMMUNITY PROGRAMS CO DIRECTO Trustee or director | 0 | $0 |
| DRAKE PHIFER | COMMUNITY PROGRAMS CO DIRECTO Trustee or director | 0 | $0 |
| LASONJA CAMPBELL | YOUTH PROGRAMS CO DIRECTOR Trustee or director | 0 | $0 |
| YOLANDA DURFIELD | FUND DEVELOPMENT CO DIRECTOR Trustee or director | 0 | $0 |
| SHERRY HICKS | FUND DEVELOPMENT CO DIRECTOR Trustee or director | 0 | $0 |
| ROSITA BROCKINGTON | RECORDING SECRETARY Trustee or director, Officer | 0 | $0 |
| LASHAWN TAYLOR | CORRESPONDING SECRETARY Trustee or director, Officer | 0 | $0 |
| BEVERLY ALLEN | CHAIRPERSON PRESIDENT Trustee or director, Officer | 0 | $0 |
| FELICIA HUNTER | VICE PRESIDENT Trustee or director, Officer | 0 | $0 |
| CYNTHIA WILLIAMS | ASSISTANT TREASURER Trustee or director, Officer | 0 | $0 |
| DEBORAH BABER | ASSISTANT RECORDING SECRETARY Trustee or director, Officer | 0 | $0 |
| KIM ROGERS | TREASURER Trustee or director, Officer | 0 | $0 |
| SHEENA DANIELS | FINANCIAL SECRETARY Trustee or director, Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2787, SOUTHFIELD, MI 48037-2787
- In care of
- % BEVERLY ALLEN
- Signed the 990
- BEVERLY ALLEN, CHAIRPERSON PRESIDENT
- Phone
- (248) 505-5534
- Website
- www.towfinc.com
- Return prepared by
- PETTES LLC
Mission
CHARITABLE AND EDUCATIONAL
Program accomplishments
- COMMUNITY ENRICHMENTExpenses $134,810 · revenue $10,750
- SCHOLARSHIPExpenses $5,000
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 38-3118653
- 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
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82Z)
- Assets (IRS master file)
- $415,128
- Income (IRS master file)
- $162,662
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $162,662 | $213,877 | $415,128 | XML |
| 990 | December 2023 | $261,073 | $279,596 | $483,508 | XML |
| 990 | December 2022 | $226,147 | $212,589 | $502,031 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-EZ | December 2017 | – | – | – | 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 38-3118653).
Questions about TORCH OF WISDOM FOUNDATION
- What is the EIN of TORCH OF WISDOM FOUNDATION?
- The employer identification number (EIN) of TORCH OF WISDOM FOUNDATION is 38-3118653.
- Is TORCH OF WISDOM FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to TORCH OF WISDOM FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TORCH OF WISDOM FOUNDATION 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 TORCH OF WISDOM FOUNDATION 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 TORCH OF WISDOM FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of TORCH OF WISDOM FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 19 people; 0 received compensation from the organization.
- How much revenue does TORCH OF WISDOM FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $162,662, expenses of $213,877 and total assets of $415,128 at year end.
Other nonprofits in SOUTHFIELD
- LAWRENCE TECHNOLOGICAL UNIVERSITY EIN 38-1369604 · last filed 990 for 2025
- SME EDUCATION FOUNDATION EIN 38-2746841 · last filed 990 for 2024
- MICHIGAN COLLEGES ALLIANCE EIN 38-1332962 · last filed 990 for 2025
- INFORUM EIN 30-0101343 · last filed 990 for 2025
- ABUNDANT CARE TRAINING SERVICES- ACTS EIN 38-3689305
- AFRICAN CHRISTIAN UNIVERISTY USA EIN 27-0385813 · last filed 990 for 2025
- PHILIPPINE AMERICAN COMMUNITY CENTER OF MICHIGAN EIN 38-2448801 · last filed 990 for 2024
- BOOKSTOCK EIN 83-3415790 · last filed 990 for 2024