Nonprofit · EIN 82-4654890
FOREVER 56 FOUNDATION
Tax-exempt (reinstated) · VERONA, WI 53593
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $55,855 | $55,346 | $509 | $114,863 | $0 | $114,863 |
| December 31, 2023 | 990 | $59,982 | $38,643 | $21,339 | $113,068 | $0 | $113,068 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $48,708
- Program service revenue
- $0
- Investment income
- $1,188
- Net income from gaming
- $5,897
- Net income from sales of inventory
- $62
- Other revenue
- $5,959
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $210
- Program services (functional)
- $55,121
- Management and general (functional)
- $225
Balance sheet and other
- Total assets, start of year
- $113,068
- Total assets, end of year
- $114,863
- Total liabilities, end of year
- $0
- Net assets, end of year
- $114,863
- Net assets without donor restrictions
- $114,863
- Gross receipts
- $60,982
- Employees
- 0
- Year formed
- 2018
- State of legal domicile
- WI
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 |
|---|---|---|---|
| MIKE KRAWZCYK | DIRECTOR Trustee or director | 1 | $0 |
| JASON EYLER | DIRECTOR Trustee or director | 1 | $0 |
| KOREY TRAINOR | DIRECTOR Trustee or director | 1 | $0 |
| STEVE OCONNOR | PRESIDENT Officer | 2 | $0 |
| TONY OCONNOR | VICE PRESIDENT Officer | 2 | $0 |
| SHERRY OCONNOR | TREASURER Officer | 3 | $0 |
| KRISTIN OCONNOR | SECRETARY Officer | 2 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE KRAWZCYK | DIRECTOR Trustee or director | 1 | $0 |
| JASON EYLER | DIRECTOR Trustee or director | 1 | $0 |
| KOREY TRAINOR | DIRECTOR Trustee or director | 1 | $0 |
| KRISTIN OCONNOR | SECRETARY Officer | 2 | $0 |
| STEVE OCONNOR | PRESIDENT Officer | 2 | $0 |
| TONY OCONNOR | VICE PRESIDENT Officer | 2 | $0 |
| SHERRY OCONNOR | TREASURER Officer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 1206 FRITZ RD, VERONA, WI 53593-9325
- In care of
- % SHERRY OCONNOR
- Mailing address (990-N for 2019)
- 8126 County Road A, Verona WI 53593
- Principal officer (990-N for 2019)
- Sherry O'Connor, 8126 County Road A, Verona WI 53593
- Signed the 990
- SHERRY OCONNOR, TREASURER
- Return prepared by
- Johnson Accounting
Mission
FOREVER 56 FOUNDATION PROVIDES SUPPORT AND SCHOLARSHIPS TO YOUTH AND ORGANIZATIONS THAT EXEMPLIFY THE SPIRIT OF ERIC OCONNOR
Program accomplishments
- GIVING OUT SCHOLARSHIPS AND SUPPORTING YOUTH ORGANIZATIONS THAT EXEMPLIFY ERICS SPIRITExpenses $55,121
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
- 82-4654890
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T12)
- Assets (IRS master file)
- $114,863
- Income (IRS master file)
- $60,982
Revocation and reinstatement
- Exemption revoked
- May 15, 2023
- Posted by the IRS
- August 14, 2023
- Reinstated
- Effective September 15, 2023
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $55,855 | $55,346 | $114,863 | IRS |
| 990 | December 2023 | $59,982 | $38,643 | $113,068 | XML |
| 990-N for 2019 Officer: Sherry O'Connor | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 82-4654890).
Questions about FOREVER 56 FOUNDATION
- What is the EIN of FOREVER 56 FOUNDATION?
- The employer identification number (EIN) of FOREVER 56 FOUNDATION is 82-4654890.
- Is FOREVER 56 FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2023 and reinstated it effective September 15, 2023.
- Are donations to FOREVER 56 FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOREVER 56 FOUNDATION 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 FOREVER 56 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 FOREVER 56 FOUNDATION 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 FOREVER 56 FOUNDATION?
- The 990-N for 2019 names Sherry O'Connor.
- Who are the officers and directors of FOREVER 56 FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does FOREVER 56 FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $55,855, expenses of $55,346 and total assets of $114,863 at year end.
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