Nonprofit · EIN 75-2198726
PARIS LEGACY FOUNDATION INC
Tax-exempt · PARIS, TX 75461
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $986,512 | $680,355 | $306,157 | $10,022,097 | $0 | $10,022,097 |
| December 31, 2024 | 990-PF | $1,232,658 | $637,815 | $594,843 | $9,762,662 | $0 | $9,762,662 |
| December 31, 2023 | 990-PF | $1,147,448 | $553,506 | $593,942 | $9,167,819 | $0 | $9,167,819 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $348,942
- Interest
- $33,140
- Net gain from sales of assets
- $604,160
- Other income
- $270
Expenses
- Grants and similar amounts paid
- $550,000
- Disbursements for charitable purposes
- $551,400
- Excise tax on investment income
- $11,921
Balance sheet and other
- Total assets, start of year
- $9,762,662
- Total assets, end of year
- $10,022,097
- Total liabilities, end of year
- $0
- Net assets, end of year
- $10,022,097
- Fair market value of assets
- $11,748,222
- Qualifying distributions
- $551,400
- Net investment income
- $986,539
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ASHLEY LASSITER 2350 WILDWOOD LANE, PARIS, TX 75462 | Trustee | 0 | $0 |
| BRAD HUTCHISON 38 1ST NW, PARIS, TX 75460 | Trustee | 0 | $0 |
| E SIMS NORMENT 790 N COLLEGIATE DR, PARIS, TX 75460 | Chairman | 0 | $0 |
| BARBARA WILSON 3110 STACY LANE, PARIS, TX 75460 | Trustee | 0 | $0 |
| CARL CECIL PO BOX 919, PARIS, TX 75460 | Secretary | 0 | $0 |
| RICHARD AMIS PO BOX 370, PARIS, TX 75460 | Trustee | 0 | $0 |
| DONALD LEWIS 337 AMHERST RD, PARIS, TX 75462 | Trustee | 0 | $0 |
| GEORGE STRUVE 228 6TH SE, PARIS, TX 75460 | Treasurer | 0 | $0 |
| BOBBY WALTERS 445 LAUREL LANE, PARIS, TX 75460 | Trustee | 0 | $0 |
| G BERT STROM MD 4025 HOLBROOK, PARIS, TX 75462 | Trustee | 0 | $0 |
990-PF for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ASHLEY LASSITER 2350 WILDWOOD LANE, PARIS, TX 75462 | Trustee | 0 | $0 |
| BRAD HUTCHISON 38 1ST NW, PARIS, TX 75460 | Trustee | 0 | $0 |
| E SIMS NORMENT 790 N COLLEGIATE DR, PARIS, TX 75460 | Chairman | 0 | $0 |
| BARBARA WILSON 3110 STACY LANE, PARIS, TX 75460 | Trustee | 0 | $0 |
| CARL CECIL PO BOX 919, PARIS, TX 75460 | Secretary | 0 | $0 |
| RICHARD AMIS PO BOX 370, PARIS, TX 75460 | Trustee | 0 | $0 |
| DONALD LEWIS 337 AMHERST RD, PARIS, TX 75462 | Trustee | 0 | $0 |
| GEORGE STRUVE 228 6TH SE, PARIS, TX 75460 | Treasurer | 0 | $0 |
| BOBBY WALTERS 445 LAUREL LANE, PARIS, TX 75460 | Trustee | 0 | $0 |
| G BERT STROM MD 4025 HOLBROOK, PARIS, TX 75462 | Trustee | 0 | $0 |
990-PF for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ASHLEY LASSITER 2350 WILDWOOD LANE, PARIS, TX 75462 | Trustee | 0 | $0 |
| BRAD HUTCHISON 38 1ST NW, PARIS, TX 75460 | Trustee | 0 | $0 |
| E SIMS NORMENT 790 N COLLEGIATE DR, PARIS, TX 75460 | Chairman | 0 | $0 |
| BARBARA WILSON 3110 STACY LANE, PARIS, TX 75460 | Trustee | 0 | $0 |
| CARL CECIL PO BOX 919, PARIS, TX 75460 | Secretary | 0 | $0 |
| RICHARD AMIS PO BOX 370, PARIS, TX 75460 | Trustee | 0 | $0 |
| DONALD LEWIS 337 AMHERST RD, PARIS, TX 75462 | Trustee | 0 | $0 |
| GEORGE STRUVE 228 6TH SE, PARIS, TX 75460 | Treasurer | 0 | $0 |
| BOBBY WALTERS 445 LAUREL LANE, PARIS, TX 75460 | Trustee | 0 | $0 |
| G BERT STROM MD 4025 HOLBROOK, PARIS, TX 75462 | Trustee | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1815, PARIS, TX 75461-1815
- In care of
- % PHILIP CECIL
- Signed the 990-PF
- GEORGE STRUVE, Treasurer
- Return prepared by
- McClanahan and Holmes LLP CPA
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 | 990-PF 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
- 75-2198726
- 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
- 1997
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T00Z)
- Assets (IRS master file)
- $10,022,097
- Income (IRS master file)
- $6,791,044
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $986,512 | $680,355 | $10,022,097 | XML |
| 990-PF | December 2024 | $1,232,658 | $637,815 | $9,762,662 | XML |
| 990-PF | December 2023 | $1,147,448 | $553,506 | $9,167,819 | 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 75-2198726).
Questions about PARIS LEGACY FOUNDATION INC
- What is the EIN of PARIS LEGACY FOUNDATION INC?
- The employer identification number (EIN) of PARIS LEGACY FOUNDATION INC is 75-2198726.
- Is PARIS LEGACY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to PARIS LEGACY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does PARIS LEGACY FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of PARIS LEGACY 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 PARIS LEGACY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of PARIS LEGACY FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does PARIS LEGACY FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $986,512, expenses of $680,355 and total assets of $10,022,097 at year end.
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