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Nonprofit · EIN 23-7033813

COMMUNITY FOUNDATION INC

Tax-exempt · OXFORD, MS 38655

Financials

$2.3M$2.1M2023−$918K$2.1M2024$1M$374K2025
Revenue Expenses · by fiscal year end
Financials of COMMUNITY FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$1,010,989$373,943$637,046$30,202,565$0$30,202,565
December 31, 2024990-PF-$918,181$2,068,469-$2,986,650$29,565,519$0$29,565,519
December 31, 2023990-PF$2,327,564$2,066,104$261,460$32,552,169$0$32,552,169
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Dividends
$801,824
Interest
$112,181
Net gain from sales of assets
$96,984

Expenses

Grants and similar amounts paid
$347,728
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$354,559
Excise tax on investment income
$13,783

Balance sheet and other

Total assets, start of year
$29,565,519
Total assets, end of year
$30,202,565
Total liabilities, end of year
$0
Net assets, end of year
$30,202,565
Fair market value of assets
$26,111,350
Qualifying distributions
$354,559
Net investment income
$1,010,990

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.

NameTitleHours / weekCompensation
WK PAINE
8665 GREENHOUSE LANE 7221, DALLAS, TX 752431398
PRESIDENT & TREASURER(DECEASED 8/4/25)5$0
ROBERT H PAINE
8665 GREENHOUSE LANE 7221, DALLAS, TX 752431398
PRESIDENT, SEC, TREAS (BEGAN 8/22/25)1$0
990-PF for the year ended December 31, 2024: 2 people
NameTitleHours / weekCompensation
WK PAINE
8665 GREENHOUSE LANE 7221, DALLAS, TX 752431398
PRESIDENT AND TREASURER5$0
ROBERT H PAINE
8665 GREENHOUSE LANE 7221, DALLAS, TX 752431398
SECRETARY1$0
990-PF for the year ended December 31, 2023: 2 people
NameTitleHours / weekCompensation
WK PAINE
8665 GREENHOUSE LANE 7221, DALLAS, TX 752431398
PRESIDENT AND TREASURER5$0
ROBERT H PAINE
8665 GREENHOUSE LANE 7221, DALLAS, TX 752431398
SECRETARY1$0

Address and contacts

Address (IRS master file)
130A COURTHOUSE SQ, OXFORD, MS 38655-4008
In care of
% ROBERT H PAINE
Signed the 990-PF
ROBERT H PAINE, PRESIDENT SECRETARY& TREASURER
Phone
(662) 236-9901
Return prepared by
PKF O'CONNOR DAVIES ADVISORY LLC

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, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
23-7033813
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
1968
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$30,202,565
Income (IRS master file)
$18,864,021

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$1,010,989$373,943$30,202,565XML
990-PFDecember 2024-$918,181$2,068,469$29,565,519XML
990-PFDecember 2023$2,327,564$2,066,104$32,552,169XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 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 23-7033813).

Questions about COMMUNITY FOUNDATION INC

What is the EIN of COMMUNITY FOUNDATION INC?
The employer identification number (EIN) of COMMUNITY FOUNDATION INC is 23-7033813.
Is COMMUNITY FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1968.
Are donations to COMMUNITY FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does COMMUNITY FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of COMMUNITY 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 COMMUNITY 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 COMMUNITY FOUNDATION INC?
The 990-PF for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
How much revenue does COMMUNITY FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $1,010,989, expenses of $373,943 and total assets of $30,202,565 at year end.

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