Nonprofit · EIN 75-2840026
CHREST FOUNDATION INC
Tax-exempt · IRVING, TX 75062
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $1,608,822 | $1,853,665 | -$244,843 | $37,771,876 | $0 | $37,771,876 |
| December 31, 2023 | 990-PF | $2,336,288 | $2,183,636 | $152,652 | $36,191,505 | $354,565 | $35,836,940 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $874,349
- Net gain from sales of assets
- $735,504
- Other income
- -$1,031
Expenses
- Grants and similar amounts paid
- $1,355,000
- Salaries, compensation and benefits (total)
- $92,973
- Disbursements for charitable purposes
- $1,909,992
- Excise tax on investment income
- $18,472
Balance sheet and other
- Total assets, start of year
- $36,191,505
- Total assets, end of year
- $37,771,876
- Total liabilities, end of year
- $0
- Net assets, end of year
- $37,771,876
- Fair market value of assets
- $37,771,876
- Qualifying distributions
- $1,909,992
- Net investment income
- $1,595,642
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 |
|---|---|---|---|---|
| Elizabeth Jensen 130 E John Carpenter Freeway, Suite 460, Irving, TX 75062 | Sr. Dir., Operations Highest-paid employee | 40 | $92,973 | $6,593 |
| Lou Anne King Jensen 130 E John Carpenter Freeway, Suite 460, Irving, TX 75062 | President | 30 | $0 | $0 |
| Jeffrey J Jensen 130 E John Carpenter Freeway, Suite 460, Irving, TX 75062 | Vice President | 1 | $0 | $0 |
| William B Jensen 130 E John Carpenter Freeway, Suite 460, Irving, TX 75062 | Treasurer | 1 | $0 | $0 |
| Haley M Jensen 130 E John Carpenter Freeway, Suite 460, Irving, TX 75062 | Secretary | 1 | $0 | $0 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Elizabeth Jensen 130 E John Carpenter Freeway, Suite 460, Irving, TX 75062 | Sr. Dir., Operations Highest-paid employee | 40 | $89,294 | $5,756 |
| Lou Anne King Jensen 130 E John Carpenter Freeway, Suite 460, Irving, TX 75062 | President | 30 | $0 | $0 |
| Jeffrey J Jensen 130 E John Carpenter Freeway, Suite 460, Irving, TX 75062 | Vice President | 1 | $0 | $0 |
| William B Jensen 130 E John Carpenter Freeway, Suite 460, Irving, TX 75062 | Treasurer | 1 | $0 | $0 |
| Haley M Jensen 130 E John Carpenter Freeway, Suite 460, Irving, TX 75062 | Secretary | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 130 E JOHN CARPENTER FWY STE 460, IRVING, TX 75062-2875
- Signed the 990-PF
- LOU ANNE KING JENSEN, LOU ANNE KING JENSEN
- Phone
- (972) 999-4518
- Website
- www.chrestfoundation.org
- Return prepared by
- Crowe 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
- 75-2840026
- 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
- 2000
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $37,771,876
- Income (IRS master file)
- $6,317,301
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $1,608,822 | $1,853,665 | $37,771,876 | XML |
| 990-PF | December 2023 | $2,336,288 | $2,183,636 | $36,191,505 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | 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 75-2840026).
Questions about CHREST FOUNDATION INC
- What is the EIN of CHREST FOUNDATION INC?
- The employer identification number (EIN) of CHREST FOUNDATION INC is 75-2840026.
- Is CHREST FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to CHREST FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CHREST FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CHREST 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 CHREST FOUNDATION INC 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 CHREST FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $92,973 (Elizabeth Jensen, Sr. Dir., Operations).
- How much revenue does CHREST FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,608,822, expenses of $1,853,665 and total assets of $37,771,876 at year end.
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