Nonprofit · EIN 20-1849802
PRAYER CLOSET
Tax-exempt · PLANO, TX 75093
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $329,447 | $367,328 | -$37,881 | $3,651,624 | $0 | $3,651,624 |
| December 31, 2024 | 990-PF | $317,496 | $386,520 | -$69,024 | $3,697,006 | $8,301 | $3,688,705 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $123,594
- Net gain from sales of assets
- $205,853
Expenses
- Grants and similar amounts paid
- $137,500
- Compensation of officers, directors and key employees
- $164,400
- Disbursements for charitable purposes
- $250,171
- Excise tax on investment income
- $3,077
Balance sheet and other
- Total assets, start of year
- $3,697,006
- Total assets, end of year
- $3,651,624
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,651,624
- Fair market value of assets
- $4,463,342
- Qualifying distributions
- $250,171
- Net investment income
- $329,447
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 |
|---|---|---|---|
| SHARON THOMAS 6505 W PARK BLVD SUITE 306-361, PLANO, TX 75093 | PRESIDENT | 30 | $79,200 |
| SARA STANDERFER 6505 W PARK BLVD STE 306-361, PLANO, TX 75093 | DIRECTOR | 15 | $43,200 |
| SAMUEL JUDSON THOMAS 6505 W PARK BLVD SUITE 306-361, PLANO, TX 75093 | SECRETARY | 15 | $42,000 |
| SAM H THOMAS 6505 W PARK BLVD SUITE 306-361, PLANO, TX 75093 | TREASURER | 5 | $0 |
990-PF for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHARON THOMAS 6505 W PARK BLVD SUITE 306-361, PLANO, TX 75093 | PRESIDENT | 30 | $79,200 |
| SARA STANDERFER 6505 W PARK BLVD STE 306-361, PLANO, TX 75093 | DIRECTOR | 15 | $43,200 |
| SAMUEL JUDSON THOMAS 6505 W PARK BLVD SUITE 306-361, PLANO, TX 75093 | SECRETARY | 15 | $42,000 |
| SAM H THOMAS 6505 W PARK BLVD SUITE 306-361, PLANO, TX 75093 | TREASURER | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 6505 W PARK BLVD, PLANO, TX 75093-6208
- In care of
- % SHARON N THOMAS
- Signed the 990-PF
- SAM H THOMAS, TREASURER
- Phone
- (972) 679-7273
- Return prepared by
- SOMMERVILLE & ASSOCIATES PC
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
- 20-1849802
- 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
- 2005
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Religion-related (X20)
- Assets (IRS master file)
- $3,651,624
- Income (IRS master file)
- $1,099,075
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | – | – | – | IRS |
| 990-PF | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $166,578 | $342,778 | $3,760,730 | IRS |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about PRAYER CLOSET
- What is the EIN of PRAYER CLOSET?
- The employer identification number (EIN) of PRAYER CLOSET is 20-1849802.
- Is PRAYER CLOSET tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to PRAYER CLOSET tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does PRAYER CLOSET file?
- Form 990-PF. Private foundations file every year.
- When is the next return of PRAYER CLOSET 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 PRAYER CLOSET 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 PRAYER CLOSET?
- The 990-PF for the year ended December 31, 2025 lists 4 people; 3 received compensation from the organization, the highest $79,200 (SHARON THOMAS, PRESIDENT).
- How much revenue does PRAYER CLOSET have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $329,447, expenses of $367,328 and total assets of $3,651,624 at year end.
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