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Nonprofit · EIN 86-3729886

LOYAL AND TRUE FOUNDATION

Tax-exempt · ERIE, PA 16505

Financials

$53K$193K2023$89K$292K2024$199K$303K2025
Revenue Expenses · by fiscal year end
Financials of LOYAL AND TRUE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$198,574$303,477-$104,903$6,003,695$0$6,003,695
December 31, 2024990-PF$89,125$292,408-$203,283$4,510,022$0$4,510,022
December 31, 2023990-PF$52,622$192,922-$140,300$3,976,131$0$3,976,131
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$51,500
Dividends
$43,636
Interest
$33
Net gain from sales of assets
$103,405

Expenses

Grants and similar amounts paid
$300,650
Disbursements for charitable purposes
$302,950
Excise tax on investment income
$2,037

Balance sheet and other

Total assets, start of year
$4,510,022
Total assets, end of year
$6,003,695
Total liabilities, end of year
$0
Net assets, end of year
$6,003,695
Qualifying distributions
$302,950
Net investment income
$147,074

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.

NameTitleHours / weekCompensation
CHRISTOPHER HAGERTY
1430 FIELDCREST DRIVE, ERIE, PA 16505
Chairman2$0
DAVID HALLMAN JR
5095 TRAMARLAC LANE, ERIE, PA 16505
Secretary1$0
LAWRENCE FUREY CPA
7606 TRENTO CIRCLE, NAPLES, FL 34113
Treasurer1$0
MICHAEL HAGERTY
117 SOUTH PINE DRIVE, GLENSHAW, PA 15116
Director1$0
JOHN DETISCH
2801 WEST 6TH STREET, ERIE, PA 16505
Director1$0
OWEN MCCORMICK
1608 SOUTH SHORE DRIVE, ERIE, PA 16505
Director1$0
JENNIE HAGERTY
1430FIELDCREST DRIVE, ERIE, PA 16505
Director1$0
990-PF for the year ended December 31, 2024: 7 people
NameTitleHours / weekCompensation
CHRISTOPHER HAGERTY
1430 FIELDCREST DRIVE, ERIE, PA 16505
Chairman2$0
DAVID HALLMAN JR
5095 TRAMARLAC LANE, ERIE, PA 16505
Secretary1$0
LAWRENCE FUREY CPA
7606 TRENTO CIRCLE, NAPLES, FL 34113
Treasurer1$0
MICHAEL HAGERTY
117 SOUTH PINE DRIVE, GLENSHAW, PA 15116
Director1$0
JOHN DETISCH
2801 WEST 6TH STREET, ERIE, PA 16505
Director1$0
OWEN MCCORMICK
1608 SOUTH SHORE DRIVE, ERIE, PA 16505
Director1$0
JENNIE HAGERTY
1430FIELDCREST DRIVE, ERIE, PA 16505
Director1$0
990-PF for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
CHRISTOPHER HAGERTY
1430 FIELDCREST DRIVE, ERIE, PA 16505
Chairman2$0
DAVID HALLMAN JR
5095 TRAMARLAC LANE, ERIE, PA 16505
Secretary1$0
LAWRENCE FUREY CPA
7606 TRENTO CIRCLE, NAPLES, FL 34113
Treasurer1$0
MICHAEL HAGERTY
117 SOUTH PINE DRIVE, GLENSHAW, PA 15116
Director1$0
JOHN DETISCH
2801 WEST 6TH STREET, ERIE, PA 16505
Director1$0
OWEN MCCORMICK
1608 SOUTH SHORE DRIVE, ERIE, PA 16505
Director1$0

Address and contacts

Address (IRS master file)
1430 FIELDCREST DR, ERIE, PA 16505-2610
In care of
% CHRISTOPHER HAGERTY
Signed the 990-PF
CHRISTOPHER HAGERTY, Chairman
Phone
(814) 566-7500
Return prepared by
DeMarco Wachter & Co

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
86-3729886
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
2022
Accounting year ends
December
Files
Form 990-PF
Category (NTEE)
Education (B90)
Assets (IRS master file)
$6,003,695
Income (IRS master file)
$446,289

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$198,574$303,477$6,003,695IRS
990-PFDecember 2024$89,125$292,408$4,510,022XML
990-PFDecember 2023$52,622$192,922$3,976,131XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––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 86-3729886).

Questions about LOYAL AND TRUE FOUNDATION

What is the EIN of LOYAL AND TRUE FOUNDATION?
The employer identification number (EIN) of LOYAL AND TRUE FOUNDATION is 86-3729886.
Is LOYAL AND TRUE FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to LOYAL AND TRUE FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does LOYAL AND TRUE FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of LOYAL AND TRUE FOUNDATION 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 LOYAL AND TRUE FOUNDATION 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 LOYAL AND TRUE FOUNDATION?
The 990-PF for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
How much revenue does LOYAL AND TRUE FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $198,574, expenses of $303,477 and total assets of $6,003,695 at year end.

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