Nonprofit · EIN 01-0769300
LAIR FAMILY FOUNDATION
Tax-exempt · RICHARDSON, TX 75080
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $24,157 | $32,819 | -$8,662 | $157,663 | $66 | $157,597 |
| December 31, 2023 | 990-PF | $17,334 | $31,822 | -$14,488 | $166,259 | $0 | $166,259 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,250
- Dividends
- $2,646
- Interest
- $17
- Net gain from sales of assets
- $18,244
Expenses
- Grants and similar amounts paid
- $14,650
- Compensation of officers, directors and key employees
- $6,400
- Salaries, compensation and benefits (total)
- $3,000
- Disbursements for charitable purposes
- $26,587
- Excise tax on investment income
- $206
Balance sheet and other
- Total assets, start of year
- $166,259
- Total assets, end of year
- $157,663
- Total liabilities, end of year
- $66
- Net assets, end of year
- $157,597
- Fair market value of assets
- $192,425
- Qualifying distributions
- $26,587
- Net investment income
- $20,907
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 |
|---|---|---|---|
| KEITH LAIR 1701 N COLLINS BLVD STE 245, RICHARDSON, TX 75080 | CHM/PRES/DIR | 3 | $4,400 |
| SUSAN LAIR 1701 N COLLINS BLVD STE 245, RICHARDSON, TX 75080 | SEC/DIR | 0 | $400 |
| TROY CRAIG 1701 N COLLINS BLVD STE 245, RICHARDSON, TX 75080 | DIR | 0 | $400 |
| SHERRY TRUSSELL 1701 N COLLINS BLVD STE 245, RICHARDSON, TX 75080 | DIR | 0 | $400 |
| CRAIG LAIR 1701 N COLLINS BLVD STE 245, RICHARDSON, TX 75080 | DIR | 0 | $400 |
| GRANT LAIR 1701 N COLLINS BLVD STE 245, RICHARDSON, TX 75080 | DIR | 0 | $400 |
990-PF for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEITH LAIR 1701 N COLLINS BLVD STE 245, RICHARDSON, TX 75080 | CHM/PRES/DIR | 4 | $4,000 |
| SUSAN LAIR 1701 N COLLINS BLVD STE 245, RICHARDSON, TX 75080 | SEC/DIR | 0 | $400 |
| TROY CRAIG 1701 N COLLINS BLVD STE 245, RICHARDSON, TX 75080 | DIR | 0 | $400 |
| SHERRY TRUSSELL 1701 N COLLINS BLVD STE 245, RICHARDSON, TX 75080 | DIR | 0 | $400 |
| CRAIG LAIR 1701 N COLLINS BLVD STE 245, RICHARDSON, TX 75080 | DIR | 0 | $400 |
| GRANT LAIR 1701 N COLLINS BLVD STE 245, RICHARDSON, TX 75080 | DIR | 0 | $400 |
Address and contacts
- Address (IRS master file)
- 1701 N COLLINS BLVD STE 245, RICHARDSON, TX 75080-3789
- In care of
- % KEITH D LAIR
- Signed the 990-PF
- KEITH LAIR, CHM/PRES/DIR
- Phone
- (972) 238-5770
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
- 01-0769300
- 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
- 2003
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $157,663
- Income (IRS master file)
- $85,210
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $24,157 | $32,819 | $157,663 | IRS |
| 990-PF | December 2023 | $17,334 | $31,822 | $166,259 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 01-0769300).
Questions about LAIR FAMILY FOUNDATION
- What is the EIN of LAIR FAMILY FOUNDATION?
- The employer identification number (EIN) of LAIR FAMILY FOUNDATION is 01-0769300.
- Is LAIR FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to LAIR FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does LAIR FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LAIR FAMILY 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 LAIR FAMILY 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 LAIR FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 6 people; 6 received compensation from the organization, the highest $4,400 (KEITH LAIR, CHM/PRES/DIR).
- How much revenue does LAIR FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $24,157, expenses of $32,819 and total assets of $157,663 at year end.
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All nonprofits in RICHARDSON · Texas · Philanthropy, voluntarism and grantmaking foundations