Nonprofit · EIN 20-2466871
THE 85 FUND
Tax-exempt (reinstated) · FORT WORTH, TX 76102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $168,530,018 | $169,654,423 | -$1,124,405 | $2,754,902 | $0 | $2,754,902 |
| December 31, 2023 | 990 | $143,050,000 | $145,383,583 | -$2,333,583 | $3,879,307 | $0 | $3,879,307 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $168,530,018
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $118,174,781
- Compensation of officers, directors and key employees
- $215,952
- Other salaries and wages
- $1,263,016
- Salaries, compensation and benefits (total)
- $1,569,243
- Professional fundraising fees
- $0
- Legal fees
- $9,545,974
- Accounting fees
- $72,000
- Occupancy
- $43,671
- Travel
- $646,519
- Program services (functional)
- $163,077,432
- Management and general (functional)
- $6,576,991
Balance sheet and other
- Total assets, start of year
- $3,879,307
- Total assets, end of year
- $2,754,902
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,754,902
- Net assets without donor restrictions
- $2,754,902
- Gross receipts
- $168,530,018
- Employees
- 7
- Volunteers
- 0
- Year formed
- 2004
- State of legal domicile
- VA
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ormal Skinner | Counsel Highest-paid employee | 40 | $308,333 |
| Jason Snead | Counsel Highest-paid employee | 40 | $264,600 |
| Chad Ennis | Counsel Highest-paid employee | 40 | $222,853 |
| Carrie Severino | Director, Secretary Trustee or director, Officer | 30 | $215,952 |
| Ann Corkery | Counsel Highest-paid employee | 20 | $212,360 |
| Jacqueline Doyer | Counsel Highest-paid employee | 40 | $173,270 |
| Gary Marx | Director, Treasurer Trustee or director, Officer | 5 | $0 |
| Todd Graves | Director, Chairman Trustee or director, Officer | 0.25 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ormal Skinner | Counsel Highest-paid employee | 40 | $300,000 |
| Carrie Severino | Director, Secretary Trustee or director, Officer | 30 | $246,320 |
| Jason Snead | Counsel Highest-paid employee | 40 | $245,000 |
| Ann Corkery | Counsel Highest-paid employee | 15 | $197,600 |
| Chad Ennis | Counsel Highest-paid employee | 40 | $155,641 |
| Jacqueline Doyer | Counsel Highest-paid employee | 40 | $114,740 |
| Gary Marx | Director, Treasurer Trustee or director, Officer | 5 | $0 |
| Todd Graves | Director, Chairman Trustee or director, Officer | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 201 MAIN STREET, FORT WORTH, TX 76102-3105
- In care of
- % NEIL CORKERY
- Mailing address (990-N for 2011)
- po box 3141, manassas VA 20108
- Principal officer (990 for 2024)
- Carrie Severino, 201 Main Street, Ste 1375, Fort Worth, TX 76102
- Principal officer (990-N for 2011)
- neil corkery, po box 3141, manassas VA 20108
- Signed the 990
- Carrie Severino, Director, Secretary
- Phone
- (817) 661-4087
- Return prepared by
- NPO Financial Services LLC
Mission
To educate the public and support activities that highlight the relationship between structural limits on government power and the protection of our dignity and our freedoms.
Program accomplishments
- Organization made grants and undertook activities to educate the public about the importance of constitutionalism, limited government, religious liberty, the role of the courts, education policies, and election reforms.Expenses $163,077,432 · grants $118,174,781
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 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-2466871
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Crime and legal-related (I01)
- Assets (IRS master file)
- $2,754,902
- Income (IRS master file)
- $168,530,018
Revocation and reinstatement
- Exemption revoked
- May 15, 2010
- Posted by the IRS
- June 9, 2011
- Reinstated
- Effective May 15, 2010
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $168,530,018 | $169,654,423 | $2,754,902 | IRS |
| 990 | December 2023 | $143,050,000 | $145,383,583 | $3,879,307 | XML |
| 990 | December 2022 | $134,753,000 | $138,818,674 | $6,212,890 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2011 Officer: neil corkery | December 31, 2011 | ≤ $50,000 receipts | – | – | e-Postcard |
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 THE 85 FUND
- What is the EIN of THE 85 FUND?
- The employer identification number (EIN) of THE 85 FUND is 20-2466871.
- Is THE 85 FUND tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective May 15, 2010.
- Are donations to THE 85 FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE 85 FUND 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 THE 85 FUND 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 THE 85 FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE 85 FUND?
- The 990 for the year ended December 31, 2024 names Carrie Severino.
- Who are the officers and directors of THE 85 FUND?
- The 990 for the year ended December 31, 2024 lists 8 people; 6 received compensation from the organization, the highest $308,333 (Ormal Skinner, Counsel).
- How much revenue does THE 85 FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $168,530,018, expenses of $169,654,423 and total assets of $2,754,902 at year end.
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