Nonprofit · EIN 75-2777481
POLYCARP FOUNDATION
Tax-exempt · MISSOURI CITY, TX 77459
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $824,334 | $180,490 | $643,844 | $4,497,431 | $15,000 | $4,482,431 |
| December 31, 2023 | 990-PF | $377,846 | $294,614 | $83,232 | $3,853,587 | $15,000 | $3,838,587 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $294,026
- Dividends
- $87,363
- Interest
- $68,483
- Net gain from sales of assets
- $374,462
Expenses
- Grants and similar amounts paid
- $158,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $158,000
- Excise tax on investment income
- $7,081
Balance sheet and other
- Total assets, start of year
- $3,853,587
- Total assets, end of year
- $4,497,431
- Total liabilities, end of year
- $15,000
- Net assets, end of year
- $4,482,431
- Fair market value of assets
- $6,407,526
- Qualifying distributions
- $158,000
- Net investment income
- $530,308
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 |
|---|---|---|---|
| JOSEPH WESLEY DOOLIN PO BOX 57, BIG WELLS, TX 78830 | VP/SECRETARY | 1 | $0 |
| WORTH A NELSON III 4807 CALIBURN CIRCLE, MISSOURI CITY, TX 77459 | PRESIDENT | 3 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH WESLEY DOOLIN PO BOX 57, BIG WELLS, TX 78830 | VP/SECRETARY | 1 | $0 |
| WORTH A NELSON III 4807 CALIBURN CIRCLE, MISSOURI CITY, TX 77459 | PRESIDENT | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 4807 CALIBURN CIR, MISSOURI CITY, TX 77459-1229
- In care of
- % CHARLES DOOLIN
- Signed the 990-PF
- WORTH A NELSON III, PRESIDENT
- Phone
- (972) 233-0595
- Return prepared by
- CRI ADVISORS 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
- 75-2777481
- 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 (T20Z)
- Assets (IRS master file)
- $4,497,431
- Income (IRS master file)
- $1,492,375
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $824,334 | $180,490 | $4,497,431 | IRS |
| 990-PF | December 2023 | $377,846 | $294,614 | $3,853,587 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | 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 75-2777481).
Questions about POLYCARP FOUNDATION
- What is the EIN of POLYCARP FOUNDATION?
- The employer identification number (EIN) of POLYCARP FOUNDATION is 75-2777481.
- Is POLYCARP FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to POLYCARP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does POLYCARP FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of POLYCARP 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 POLYCARP 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 POLYCARP FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does POLYCARP FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $824,334, expenses of $180,490 and total assets of $4,497,431 at year end.
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All nonprofits in MISSOURI CITY · Texas · Philanthropy, voluntarism and grantmaking foundations