Nonprofit · EIN 75-2696419
LEGETT FOUNDATION
Tax-exempt · ABILENE, TX 79601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $24,016,688 | $15,737,188 | $8,279,500 | $111,603,346 | $23,077 | $111,580,269 |
| December 31, 2023 | 990-PF | $24,301,725 | $15,761,052 | $8,540,673 | $102,786,846 | $9,401 | $102,777,445 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $1,955,816
- Interest
- $377,505
- Net gain from sales of assets
- $6,373,066
- Other income
- $15,310,301
Expenses
- Grants and similar amounts paid
- $12,562,078
- Compensation of officers, directors and key employees
- $515,822
- Salaries, compensation and benefits (total)
- $1,326,443
- Disbursements for charitable purposes
- $12,939,728
- Excise tax on investment income
- $301,911
Balance sheet and other
- Total assets, start of year
- $102,786,846
- Total assets, end of year
- $111,603,346
- Total liabilities, end of year
- $23,077
- Net assets, end of year
- $111,580,269
- Fair market value of assets
- $288,250,908
- Qualifying distributions
- $12,939,728
- Net investment income
- $23,368,621
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 | Other / benefits |
|---|---|---|---|---|
| KADE L MATTHEWS 400 PINE STREET, ABILENE, TX 76904 | DIR/CEO/PRESIDENT | 4 | $85,313 | $18,120 |
| JEFF BLANKS 400 PINE STREET, ABILENE, TX 79604 | SR VICE PRES/OPERATIONS OFFICER | 13.33 | $80,313 | $18,782 |
| WATT R MATTHEWS 400 PINE STREET, ABILENE, TX 79604 | SR VICE PRES - INVESTMENTS | 8 | $79,300 | $16,380 |
| JOSEPH EDWIN CANON 400 PINE STREET, ABILENE, TX 79604 | EXECUTIVE VICE PRESIDENT/DIRECTOR | 11.67 | $78,057 | $18,109 |
| JOHN A MATTHEWS JR 400 PINE STREET, ABILENE, TX 76904 | DIRECTOR | 3 | $48,750 | $9,825 |
| AARON MILLER 400 PINE STREET, ABILENE, TX 76904 | VICE PRES/TREASURER/CFO | 10 | $47,613 | $8,183 |
| ELYSE LEWIS 400 PINE STREET, ABILENE, TX 76904 | ASST VICE PRES/SEC/GRANTS OFC | 7 | $39,217 | $9,691 |
| BRENDA CASSELBERRY 400 PINE STREET, ABILENE, TX 76904 | ASST VICE PRES/PROPERTY ADMINISTRATOR | 7 | $31,258 | $6,759 |
| MARGARET M FREDERICK 400 PINE STREET, ABILENE, TX 79604 | DIRECTOR/GRANTS OFFICER | 4 | $26,000 | $4,125 |
990-PF for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KADE L MATTHEWS 400 PINE STREET, ABILENE, TX 76904 | DIR/CHAIRMAN/CEO/PRESIDENT | 4 | $87,244 | $19,333 |
| JOSEPH EDWIN CANON 400 PINE STREET, ABILENE, TX 79604 | DIR/EXEC VP/EXEC DIRECTOR/SEC | 11.67 | $87,096 | $19,640 |
| JEFF BLANKS 400 PINE STREET, ABILENE, TX 79604 | SR VICE PRES/OPERATIONS OFFICER | 13.33 | $80,812 | $19,641 |
| WATT R MATTHEWS 400 PINE STREET, ABILENE, TX 79604 | SR VICE PRES-INVESTMENTS | 8 | $78,867 | $17,133 |
| JOHN A MATTHEWS JR 400 PINE STREET, ABILENE, TX 76904 | DIRECTOR | 3 | $47,306 | $10,417 |
| AARON MILLER 400 PINE STREET, ABILENE, TX 76904 | VICE PRES/TREASURER/CFO | 10 | $31,404 | $1,206 |
| MARGARET M FREDERICK 400 PINE STREET, ABILENE, TX 79604 | DIRECTOR/GRANTS OFFICER | 4 | $19,861 | $4,167 |
Address and contacts
- Address (IRS master file)
- 400 PINE ST STE 900, ABILENE, TX 79601-5141
- In care of
- % KADE L MATTHEWS
- Signed the 990-PF
- AARON MILLER, VICE PRESIDENT/CFO
- Phone
- (325) 673-6429
- Return prepared by
- CONDLEY AND COMPANY LLP
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
- 75-2696419
- 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
- 1998
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T50Z)
- Assets (IRS master file)
- $111,603,346
- Income (IRS master file)
- $42,221,360
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $24,016,688 | $15,737,188 | $111,603,346 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $24,301,725 | $15,761,052 | $102,786,846 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | 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 75-2696419).
Questions about LEGETT FOUNDATION
- What is the EIN of LEGETT FOUNDATION?
- The employer identification number (EIN) of LEGETT FOUNDATION is 75-2696419.
- Is LEGETT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to LEGETT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does LEGETT FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LEGETT 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 LEGETT FOUNDATION 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 LEGETT FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 9 people; 9 received compensation from the organization, the highest $85,313 (KADE L MATTHEWS, DIR/CEO/PRESIDENT).
- How much revenue does LEGETT FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $24,016,688, expenses of $15,737,188 and total assets of $111,603,346 at year end.
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All nonprofits in ABILENE · Texas · Philanthropy, voluntarism and grantmaking foundations