Nonprofit · EIN 88-2857604
PPA FOUNDATION
Tax-exempt · DALLAS, TX 75235
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $956,770 | $727,598 | $229,172 | $7,671,090 | $1,081 | $7,670,009 |
| December 31, 2023 | 990-PF | $476,111 | $735,276 | -$259,165 | $7,458,337 | $17,500 | $7,440,837 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $271,787
- Dividends
- $45,781
- Interest
- $214,625
- Net gain from sales of assets
- $423,760
- Other income
- $817
Expenses
- Grants and similar amounts paid
- $486,588
- Compensation of officers, directors and key employees
- $90,000
- Disbursements for charitable purposes
- $486,588
- Excise tax on investment income
- $6,160
Balance sheet and other
- Total assets, start of year
- $7,458,337
- Total assets, end of year
- $7,671,090
- Total liabilities, end of year
- $1,081
- Net assets, end of year
- $7,670,009
- Fair market value of assets
- $8,712,363
- Qualifying distributions
- $486,588
- Net investment income
- $684,166
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 |
|---|---|---|---|
| GREG ALDERMAN 3804 CALVERT LANE, DENTON, TX 762087517 | President | 10 | $30,000 |
| MORGAN ARMBRUST 6430 MCCOMMAS BLVD, DALLAS, TX 75214 | Director | 1 | $30,000 |
| MADISON PRICE 212 OAK CREST HILL DRIVE, COLLEYVILLE, TX 76034 | Director | 1 | $30,000 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREG ALDERMAN 3804 CALVERT LANE, DENTON, TX 762087517 | President | 10 | $0 |
| MORGAN ARMBRUST 6430 MCCOMMAS BLVD, DALLAS, TX 75214 | Director | 1 | $0 |
| MADISON PRICE 212 OAK CREST HILL DRIVE, COLLEYVILLE, TX 76034 | Director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 7363 HERB KELLEHER WAY B325, DALLAS, TX 75235-4800
- Signed the 990-PF
- GREG ALDERMAN, Vice President
- Phone
- (469) 747-0012
- Return prepared by
- LOCKWOOD & ASSOCIATES INC
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
- 88-2857604
- 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
- 2024
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Religion-related (X20)
- Assets (IRS master file)
- $7,671,090
- Income (IRS master file)
- $4,775,525
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $956,770 | $727,598 | $7,671,090 | XML |
| 990-PF | December 2023 | $476,111 | $735,276 | $7,458,337 | 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 88-2857604).
Questions about PPA FOUNDATION
- What is the EIN of PPA FOUNDATION?
- The employer identification number (EIN) of PPA FOUNDATION is 88-2857604.
- Is PPA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to PPA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does PPA FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of PPA 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 PPA 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 PPA FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 3 received compensation from the organization, the highest $30,000 (GREG ALDERMAN, President).
- How much revenue does PPA FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $956,770, expenses of $727,598 and total assets of $7,671,090 at year end.
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