Nonprofit · EIN 88-4170425
GENERATIONAL BENEVOLENCE INC
Tax-exempt · RICHARDSON, TX 75080
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $20,080 | $24,351 | -$4,271 | $106,905 | $5,100 | $101,805 |
| December 31, 2023 | 990-PF | $35,500 | $27,200 | $8,300 | $106,996 | $0 | $106,996 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $17,600
- Interest
- $2,480
Expenses
- Grants and similar amounts paid
- $22,630
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $22,630
- Excise tax on investment income
- $22
Balance sheet and other
- Total assets, start of year
- $106,996
- Total assets, end of year
- $106,905
- Total liabilities, end of year
- $5,100
- Net assets, end of year
- $101,805
- Fair market value of assets
- $106,905
- Qualifying distributions
- $22,630
- Net investment income
- $1,560
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 |
|---|---|---|---|
| JEREMY THOMASON 3301 CANYON CREEK DRIVE, RICHARDSON, TX 75080 | PRESIDENT | 5 | $0 |
| LAURA THOMASON 3301 CANYON CREEK DRIVE, RICHARDSON, TX 75080 | VICE PRESIDENT | 5 | $0 |
| RILEY THOMASON 3301 CANYON CREEK DRIVE, RICHARDSON, TX 75080 | SECRETARY | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEREMY THOMASON 3301 CANYON CREEK DRIVE, RICHARDSON, TX 75080 | PRESIDENT | 5 | $0 |
| LAURA THOMASON 3301 CANYON CREEK DRIVE, RICHARDSON, TX 75080 | VICE PRESIDENT | 5 | $0 |
| RILEY THOMASON 3301 CANYON CREEK DRIVE, RICHARDSON, TX 75080 | SECRETARY | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3301 CANYON CREEK DR, RICHARDSON, TX 75080-1512
- Signed the 990-PF
- JEREMY THOMASON, PRESIDENT
- Phone
- (469) 975-6074
- Return prepared by
- LOVELACE PAYNE LLC
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
- 88-4170425
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $106,905
- Income (IRS master file)
- $20,080
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $20,080 | $24,351 | $106,905 | IRS |
| 990-PF | December 2023 | $35,500 | $27,200 | $106,996 | 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 88-4170425).
Questions about GENERATIONAL BENEVOLENCE INC
- What is the EIN of GENERATIONAL BENEVOLENCE INC?
- The employer identification number (EIN) of GENERATIONAL BENEVOLENCE INC is 88-4170425.
- Is GENERATIONAL BENEVOLENCE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to GENERATIONAL BENEVOLENCE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does GENERATIONAL BENEVOLENCE INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of GENERATIONAL BENEVOLENCE 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 GENERATIONAL BENEVOLENCE 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 GENERATIONAL BENEVOLENCE INC?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does GENERATIONAL BENEVOLENCE INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $20,080, expenses of $24,351 and total assets of $106,905 at year end.
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