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Nonprofit · EIN 99-5065427

PSALM ONE FOUNDATION

Tax-exempt · POPLAR BLUFF, MO 63902

Financials

$318K$259K2024
Revenue Expenses · by fiscal year end
Financials of PSALM ONE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$318,102$258,895$59,207$59,233$26$59,207
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$316,664
Program service revenue
$1,377
Investment income
$61
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Other salaries and wages
$162,323
Salaries, compensation and benefits (total)
$176,919
Professional fundraising fees
$0
Legal fees
$3,250
Occupancy
$49,052
Depreciation
$4,873
Program services (functional)
$247,980
Management and general (functional)
$10,915

Balance sheet and other

Total assets, start of year
$0
Total assets, end of year
$59,233
Total liabilities, end of year
$26
Net assets, end of year
$59,207
Land, buildings and equipment
$31,916
Gross receipts
$318,102
Employees
20
Volunteers
35
Year formed
2024
State of legal domicile
MO

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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
Wes TayloePresident
Trustee or director
8$0
Mark KilhafnerExecutive Director
Trustee or director
20$0
Debby GrossSecretary
Trustee or director
0.08$0
Ethan DoyleDirector
Trustee or director
0.08$0
Jeff MillerDirector
Trustee or director
0.08$0
Alan TomerlinDirector
Trustee or director
0.08$0

Address and contacts

Address (IRS master file)
PO BOX 1375, POPLAR BLUFF, MO 63902-1375
Principal officer (990 for 2024)
Wes Tayloe, PO Box 1375, 2215 S Broadway, Poplar Bluff, MO 63902
Signed the 990
Wes Tayloe, President
Phone
(573) 714-2017

Mission

This foundation exists to bring hope, healing & lasting change to individuals & families facing addiction, homelessness & personal crisis in Butler County, MO. As a Christ-centered organization, we are committed to restoring lives through practical support & compassionate care. Our mission is to empower people to rebuild their lives by providing local, personalized services that meet both immediate & long-term needs. Through our emergency food & clothing pantry, outpatient recovery program & community work program, we help individuals overcome barriers, develop essential life & job skills, & rediscover purpose. Central to our vision is the establishment of transitional housing for men & women emerging from recovery; safe, stable environments where they can grow in faith, accountability & independence as they prepare to reenter the community. Our goal is to plant people beside "streams of living water," helping them stand strong, bear fruit & flourish through God's transforming grace.

990 for the year ended June 30, 2025

Program accomplishments

  • Revive Resale LLC was purchased to provide an income stream to the foundation along with a place for employment opportunities to those in addiction recovery programs. Individuals employed from these programs learn valuable job skills such as dealing with the public, running a register and maintaining a regular work schedule that will help them toward future employment goals. In this past year, we have employed 10 such individuals with 3 of those currently still on staff. Revenue is generated from resale of donated clothing and household items. This revenue is included on line 1f-All other contributions, gifts, grants and similar with these specific donations listed as noncash contributions on line 1g. This program also helped 38 homeless or needy individuals with clothing and/or food. Periodically, unsold items are donated to other nonprofit organizations.
    Expenses $247,452
  • Bridge 2 Recovery is a faith-based program that assists people in overcoming their battles with addictions and personal life struggles. It is a 3-step program that guides individuals to connect with God, with others and with themselves through weekly studies in God's word. Through this study and the love, encouragement and support of others, individuals find help toward victory over their strongholds. The program began in April of 2025 with a small enrollment of 2 and is staffed with an average of 20 volunteers. We are currently running a weekly average of 35 with our largest weekly attendance of 58.
    Expenses $452 · revenue $1,377
  • Our benevolence account was started to help individuals with large or unexpected financial needs such as rent deposits, utilities, auto repairs, food, etc. This program was just recently started and has helped one individual with an electric bill.
    Expenses $76

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024Check at the IRS

IRS record

EIN
99-5065427
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2024
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$59,233
Income (IRS master file)
$318,102

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$318,102$258,895$59,233XML

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 99-5065427).

Questions about PSALM ONE FOUNDATION

What is the EIN of PSALM ONE FOUNDATION?
The employer identification number (EIN) of PSALM ONE FOUNDATION is 99-5065427.
Is PSALM ONE FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
Are donations to PSALM ONE FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PSALM ONE 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 PSALM ONE FOUNDATION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PSALM ONE FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of PSALM ONE FOUNDATION?
The 990 for the year ended June 30, 2025 names Wes Tayloe.
Who are the officers and directors of PSALM ONE FOUNDATION?
The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
How much revenue does PSALM ONE FOUNDATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $318,102, expenses of $258,895 and total assets of $59,233 at year end.

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