Nonprofit · EIN 72-1249256
LIBERTY FOUNDATION INC
Tax-exempt · NEW ORLEANS, LA 70160
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,028,059 | $80,500 | $947,559 | $3,605,579 | $0 | $3,605,579 |
| December 31, 2023 | 990 | $825,071 | $74,595 | $750,476 | $2,393,235 | $0 | $2,393,235 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,000,000
- Program service revenue
- $0
- Investment income
- $28,059
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $65,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $80,500
Balance sheet and other
- Total assets, start of year
- $2,393,235
- Total assets, end of year
- $3,605,579
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,605,579
- Publicly traded securities
- $2,328,393
- Net assets without donor restrictions
- $3,605,579
- Gross receipts
- $1,028,059
- Employees
- 0
- Year formed
- 1993
- State of legal domicile
- LA
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 |
|---|---|---|---|
| RONALD BURNS | VICE-PRESIDE Officer | – | $0 |
| ALDEN J MCDONALD | PRES/SEC'Y. Officer | – | $0 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RONALD BURNS | VICE-PRESIDE Officer | – | $0 |
| ALDEN J MCDONALD | PRES/SEC'Y. Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 60131, NEW ORLEANS, LA 70160-0131
- Principal officer (990 for 2024)
- ALDEN J MCDONALD, 6600 PLAZA DR, NEW ORLEANS, LA 70126
- Signed the 990
- ALDEN J MCDONALD, PRES/SEC'Y.
- Phone
- (504) 240-5264
- Return prepared by
- BRUNO & TERVALON LLP
Mission
COMMUNITY IMPROVEMENT
Program accomplishments
- DONATIONS TO VARIOUS COMMUNITY SCHOOLS,ORGANIZATIONS AND INDIVIDUALS.Expenses $80,500 · grants $65,000
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
- 72-1249256
- 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)
- Community improvement and capacity building (S80Z)
- Assets (IRS master file)
- $3,605,579
- Income (IRS master file)
- $1,028,059
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,028,059 | $80,500 | $3,605,579 | XML |
| 990 | December 2023 | $825,071 | $74,595 | $2,393,235 | XML |
| 990 | December 2022 | $172,140 | $160,131 | $1,352,388 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | 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 72-1249256).
Questions about LIBERTY FOUNDATION INC
- What is the EIN of LIBERTY FOUNDATION INC?
- The employer identification number (EIN) of LIBERTY FOUNDATION INC is 72-1249256.
- Is LIBERTY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to LIBERTY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LIBERTY 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 LIBERTY 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 LIBERTY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LIBERTY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names ALDEN J MCDONALD.
- Who are the officers and directors of LIBERTY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does LIBERTY FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,028,059, expenses of $80,500 and total assets of $3,605,579 at year end.
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All nonprofits in NEW ORLEANS · Louisiana · Community improvement and capacity building