Nonprofit · EIN 04-3581030
GRAY LADY FOUNDATION INC
Tax-exempt · SHREWSBURY, MA 01545
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $126,231 | $73,915 | $52,316 | $888,992 | $0 | $888,992 |
| December 31, 2024 | 990-PF | $29,698 | $92,969 | -$63,271 | $851,729 | $0 | $851,729 |
| December 31, 2023 | 990-PF | $39,677 | $34,462 | $5,215 | $915,000 | $0 | $915,000 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $28,151
- Net gain from sales of assets
- $97,289
- Other income
- $791
Expenses
- Grants and similar amounts paid
- $50,000
- Disbursements for charitable purposes
- $73,063
- Excise tax on investment income
- $1,744
Balance sheet and other
- Total assets, start of year
- $851,729
- Total assets, end of year
- $888,992
- Total liabilities, end of year
- $0
- Net assets, end of year
- $888,992
- Fair market value of assets
- $1,170,577
- Qualifying distributions
- $73,063
- Net investment income
- $125,440
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 |
|---|---|---|---|
| Jennifer Herndon 126 Maynard Farm Road, Sudbury, MA 01776 | Director | 1 | $0 |
| Patrick J Daly 25 Burlington Mall Road Suite 307, Burlington, MA 01803 | Clerk, Director | 1 | $0 |
| David L Taylor 1900 West Park Drive Suite 280, Westborough, MA 01581 | Treasurer, Director | 2 | $0 |
| Russell H Herndon 126 Maynard Farm Road, Sudbury, MA 01776 | President, Director | 1 | $0 |
990-PF for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jennifer Herndon 126 Maynard Farm Road, Sudbury, MA 01776 | Director | 1 | $0 |
| Patrick J Daly 25 Burlington Mall Road Suite 307, Burlington, MA 01803 | Clerk, Director | 1 | $0 |
| David L Taylor 1900 West Park Drive Suite 280, Westborough, MA 01581 | Treasurer, Director | 2 | $0 |
| Russell H Herndon 126 Maynard Farm Road, Sudbury, MA 01776 | President, Director | 1 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jennifer Herndon 126 Maynard Farm Road, Sudbury, MA 01776 | Director | 1 | $0 |
| Patrick J Daly 25 Burlington Mall Road Suite 307, Burlington, MA 01803 | Clerk, Director | 1 | $0 |
| David L Taylor 1900 West Park Drive Suite 280, Westborough, MA 01581 | Treasurer, Director | 2 | $0 |
| Russell H Herndon 126 Maynard Farm Road, Sudbury, MA 01776 | President, Director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 307, SHREWSBURY, MA 01545-0307
- In care of
- % ADAMS & BLINN
- Signed the 990-PF
- David L Taylor, Treasurer
- Phone
- (978) 368-1200
- Website
- www.grayladyfoundation.org
- Return prepared by
- Adams & Blinn
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
- 04-3581030
- 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
- 2004
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Medical research (H12)
- Assets (IRS master file)
- $888,992
- Income (IRS master file)
- $126,231
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $126,231 | $73,915 | $888,992 | XML |
| 990-PF | December 2024 | $29,698 | $92,969 | $851,729 | XML |
| 990-PF | December 2023 | $39,677 | $34,462 | $915,000 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2019 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | 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 04-3581030).
Questions about GRAY LADY FOUNDATION INC
- What is the EIN of GRAY LADY FOUNDATION INC?
- The employer identification number (EIN) of GRAY LADY FOUNDATION INC is 04-3581030.
- Is GRAY LADY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to GRAY LADY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does GRAY LADY FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of GRAY LADY FOUNDATION INC 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 GRAY LADY FOUNDATION INC 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 GRAY LADY FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does GRAY LADY FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $126,231, expenses of $73,915 and total assets of $888,992 at year end.
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