Nonprofit · EIN 88-0789946
SOUTH CHANNEL FOUNDATION
Tax-exempt · ANTHEM, AZ 85086
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $4,112 | $7,709 | -$3,597 | $165,889 | $0 | $165,889 |
| December 31, 2024 | 990-PF | $58,068 | $8,234 | $49,834 | $151,002 | $0 | $151,002 |
| December 31, 2023 | 990-PF | $50,123 | $3,285 | $46,838 | $101,512 | $0 | $101,512 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $500
- Dividends
- $4,633
- Net gain from sales of assets
- -$1,021
Expenses
- Grants and similar amounts paid
- $7,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Disbursements for charitable purposes
- $7,709
- Excise tax on investment income
- $64
Balance sheet and other
- Total assets, start of year
- $151,002
- Total assets, end of year
- $165,889
- Total liabilities, end of year
- $0
- Net assets, end of year
- $165,889
- Fair market value of assets
- $165,889
- Qualifying distributions
- $7,709
- Net investment income
- $4,633
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Douglas McDermott 42016 N Crooked Stick Road, Anthem, AZ 85086 | Chief Executive Officer | 2 | $0 |
| Deborah McDermott 42016 N Crooked Stick Road, Anthem, AZ 85086 | Chairman | 0 | $0 |
| Conrad McDermott 42016 N Crooked Stick Road, Anthem, AZ 85086 | Director | 0 | $0 |
| Ethan McDermott 1811 East Cedar Elm Dr, Arlington, TX 76012 | Director | 0 | $0 |
990-PF for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Douglas McDermott 42016 N Crooked Stick Road, Anthem, AZ 85086 | Chief Executive Officer | 1 | $0 |
| Theodore Sarns 1550 Pelican Ave, Naples, FL 34102 | Director | 0 | $0 |
| Deborah McDermott 42016 N Crooked Stick Road, Anthem, AZ 85086 | Director | 0 | $0 |
| Dean Sarns 3873 Arnold Ave, Naples, FL 34104 | Director | 0 | $0 |
| Conrad McDermott 42016 N Crooked Stick Road, Anthem, AZ 85086 | Director | 0 | $0 |
| Ethan McDermott 1811 East Cedar Elm Dr, Arlington, TX 76012 | Director | 0 | $0 |
990-PF for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Douglas McDermott 42016 N Crooked Stick Road, Anthem, AZ 85086 | Chief Executive Officer | 1 | $0 |
| Theodore Sarns 1550 Pelican Ave, Naples, FL 34102 | Chairman | 0 | $0 |
| Deborah McDermott 42016 N Crooked Stick Road, Anthem, AZ 85086 | Director | 0 | $0 |
| Dean Sarns 3873 Arnold Ave, Naples, FL 34104 | Director | 0 | $0 |
| Conrad McDermott 42016 N Crooked Stick Road, Anthem, AZ 85086 | Director | 0 | $0 |
| Ethan McDermott 165 John Thomas Dr, Unit 1408, Madison, AL 35757 | Director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 42016 N CROOKED STICK RD, ANTHEM, AZ 85086-1062
- In care of
- % DOUGLAS MCDERMOTT
- Signed the 990-PF
- Douglas McDermott, Chief Executive Officer
- Phone
- (480) 381-4729
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 | 990-PF 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
- 88-0789946
- 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)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $165,889
- Income (IRS master file)
- $11,203
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $4,112 | $7,709 | $165,889 | XML |
| 990-PF | December 2024 | $58,068 | $8,234 | $151,002 | XML |
| 990-PF | December 2023 | $50,123 | $3,285 | $101,512 | XML |
| 990-PF | December 2022 | – | – | – | 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 88-0789946).
Questions about SOUTH CHANNEL FOUNDATION
- What is the EIN of SOUTH CHANNEL FOUNDATION?
- The employer identification number (EIN) of SOUTH CHANNEL FOUNDATION is 88-0789946.
- Is SOUTH CHANNEL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to SOUTH CHANNEL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does SOUTH CHANNEL FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of SOUTH CHANNEL 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 SOUTH CHANNEL 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 SOUTH CHANNEL FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does SOUTH CHANNEL FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $4,112, expenses of $7,709 and total assets of $165,889 at year end.
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