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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 20-4128717

PSALM 25 10 FOUNDATION

Tax-exempt · FORT WORTH, TX 76115

Financials

$403K$3.4M2023$132K$2.5M2024
Revenue Expenses · by fiscal year end
Financials of PSALM 25 10 FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$131,523$2,497,304-$2,365,781$71,399,278$0$71,399,278
December 31, 2023990-PF$402,811$3,387,621-$2,984,810$74,238,986$0$74,238,986
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$1,629,898
Net rental income
-$1,248,694
Net gain from sales of assets
$80,980
Other income
-$1,590,239

Expenses

Grants and similar amounts paid
$2,360,000
Disbursements for charitable purposes
$2,365,153
Excise tax on investment income
$7,287

Balance sheet and other

Total assets, start of year
$74,238,986
Total assets, end of year
$71,399,278
Total liabilities, end of year
$0
Net assets, end of year
$71,399,278
Fair market value of assets
$67,243,823
Qualifying distributions
$2,365,153
Net investment income
$656,364

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.

NameTitleHours / weekCompensation
DAVID SHANKS
PO BOX 6808, FORT WORTH, TX 76115
PRESIDENT/DIRECTOR1$0
DEREK HOLMES
PO BOX 6808, FORT WORTH, TX 76115
DIRECTOR1$0
GLENN HODGE
PO BOX 6808, FORT WORTH, TX 76115
DIRECTOR1$0
990-PF for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
DAVID SHANKS
PO BOX 6808, FORT WORTH, TX 76115
PRESIDENT/DIRECTOR1$0
DEREK HOLMES
PO BOX 6808, FORT WORTH, TX 76115
DIRECTOR1$0
GLENN HODGE
PO BOX 6808, FORT WORTH, TX 76115
DIRECTOR1$0

Address and contacts

Address (IRS master file)
PO BOX 6808, FORT WORTH, TX 76115-0808
In care of
% DAVID C SHANKS
Signed the 990-PF
DAVID C SHANKS, PRESIDENT
Phone
(817) 991-8888
Return prepared by
Forvis Mazars LLP

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
20-4128717
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
2008
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$71,399,278
Income (IRS master file)
$50,543

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$131,523$2,497,304$71,399,278XML
990-TDecember 2024–––IRS
990-PFDecember 2023$402,811$3,387,621$74,238,986XML
990-TDecember 2023–––IRS
990-PFDecember 2022–––IRS
990-TDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-TDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-TDecember 2020–––IRS
990-PFDecember 2018–––IRS
990-PFDecember 2017–––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 20-4128717).

Questions about PSALM 25 10 FOUNDATION

What is the EIN of PSALM 25 10 FOUNDATION?
The employer identification number (EIN) of PSALM 25 10 FOUNDATION is 20-4128717.
Is PSALM 25 10 FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
Are donations to PSALM 25 10 FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does PSALM 25 10 FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of PSALM 25 10 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 PSALM 25 10 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 PSALM 25 10 FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does PSALM 25 10 FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $131,523, expenses of $2,497,304 and total assets of $71,399,278 at year end.

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