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Nonprofit · EIN 23-7225708

J L BEDSOLE FOUNDATION

Tax-exempt · MOBILE, AL 36633

Financials

$7.8M$4.8M2023$19.1M$4.4M2024
Revenue Expenses · by fiscal year end
Financials of J L BEDSOLE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$19,107,746$4,382,381$14,725,365$55,017,491$0$55,017,491
December 31, 2023990-PF$7,766,528$4,799,350$2,967,178$39,996,967$0$39,996,967
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$838,934
Interest
$572,938
Net rental income
$11,600
Net gain from sales of assets
$15,624,769
Other income
$2,059,505

Expenses

Grants and similar amounts paid
$3,280,727
Compensation of officers, directors and key employees
$246,341
Salaries, compensation and benefits (total)
$248,198
Disbursements for charitable purposes
$3,739,122
Excise tax on investment income
$257,266

Balance sheet and other

Total assets, start of year
$39,996,967
Total assets, end of year
$55,017,491
Total liabilities, end of year
$0
Net assets, end of year
$55,017,491
Fair market value of assets
$82,357,427
Qualifying distributions
$3,739,122
Net investment income
$19,069,589

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 / weekCompensationOther / benefits
CHRISTOPHER L LEE
PO BOX 1628, MOBILE, AL 36633
DIRECTOR
Highest-paid employee
40$184,546$5,680
T BESTOR WARD III
PO BOX 81366, MOBILE, AL 36608
CHR DIST COMM & TRUSTEE10$85,000$0
TRAVIS M BEDSOLE JR
259 RIDGELAWN DR W, MOBILE, AL 36608
MBR DIST COMM & TRUSTEE6$75,000$0
PATRICIA PATTON
PO BOX 1628, MOBILE, AL 36633
PROGRAM DIRECTOR
Highest-paid employee
40$57,952$1,739
REGIONS BANK
P O DRAWER 1628, MOBILE, AL 36633
TRUSTEE40$49,341$0
T BESTOR WARD IV
PO BOX 81366, MOBILE, AL 36608
MBR DIST COMM3$20,000$0
WINTHROP M HALLETT III
475 PINE CT, MOBILE, AL 36608
MBR DIST COMM3$17,000$0
990-PF for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensationOther / benefits
CHRISTOPHER L LEE
PO BOX 1628, MOBILE, AL 36633
DIRECTOR
Highest-paid employee
40$171,991$5,304
T BESTOR WARD III
PO BOX 81366, MOBILE, AL 36608
CHR DIST COMM & TRUSTEE10$85,000$0
TRAVIS M BEDSOLE JR
259 RIDGELAWN DR W, MOBILE, AL 36608
MBR DIST COMM & TRUSTEE6$75,000$0
PATRICIA PATTON
PO BOX 1628, MOBILE, AL 36633
PROGRAM DIRECTOR
Highest-paid employee
40$60,179$1,805
REGIONS BANK
P O DRAWER 1628, MOBILE, AL 36633
TRUSTEE40$37,391$0
T BESTOR WARD IV
PO BOX 81366, MOBILE, AL 36608
MBR DIST COMM3$20,000$0
WINTHROP M HALLETT III
475 PINE CT, MOBILE, AL 36608
MBR DIST COMM3$14,500$0
JOHN WHITE-SPUNNER
PO BOX 7986, MOBILE, AL 36670
MBR DIST COMM3$3,625$0

Address and contacts

Address (IRS master file)
PO BOX 1628, MOBILE, AL 36633-1628
Signed the 990-PF
KEVIN CONREY, TRUSTEE
Phone
(251) 690-1415
Return prepared by
SMITH DUKES & BUCKALEW 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
23-7225708
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
1972
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$55,017,491
Income (IRS master file)
$25,423,192

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$19,107,746$4,382,381$55,017,491XML
990-TDecember 2024–––IRS
990-PFDecember 2023$7,766,528$4,799,350$39,996,967XML
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-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 23-7225708).

Questions about J L BEDSOLE FOUNDATION

What is the EIN of J L BEDSOLE FOUNDATION?
The employer identification number (EIN) of J L BEDSOLE FOUNDATION is 23-7225708.
Is J L BEDSOLE FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1972.
Are donations to J L BEDSOLE FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does J L BEDSOLE FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of J L BEDSOLE 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 J L BEDSOLE 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 J L BEDSOLE FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 7 people; 7 received compensation from the organization, the highest $184,546 (CHRISTOPHER L LEE, DIRECTOR).
How much revenue does J L BEDSOLE FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $19,107,746, expenses of $4,382,381 and total assets of $55,017,491 at year end.

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