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Nonprofit · EIN 23-7422163

THE ALTA AND JOHN FRANKS FOUNDATION

Tax-exempt · SHREVEPORT, LA 71137

Financials

$52.4M$2.9M2023$150.1M$9.7M2024
Revenue Expenses · by fiscal year end
Financials of THE ALTA AND JOHN FRANKS FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$150,104,700$9,679,485$140,425,215$220,433,211$0$220,433,211
December 31, 2023990-PF$52,431,190$2,860,652$49,570,538$80,031,833$0$80,031,833
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$144,433,296
Dividends
$5,613,384
Net gain from sales of assets
$63,868
Other income
-$5,848

Expenses

Grants and similar amounts paid
$8,651,460
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$8,858,009
Excise tax on investment income
$67,414

Balance sheet and other

Total assets, start of year
$80,031,833
Total assets, end of year
$220,433,211
Total liabilities, end of year
$0
Net assets, end of year
$220,433,211
Fair market value of assets
$282,433,197
Qualifying distributions
$8,858,009
Net investment income
$5,671,404

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
BOBBY E JELKS
PO BOX 7625, SHREVEPORT, LA 71137
PRESIDENT/ DIRECTOR30$260,000
FAITH N GILBERT
PO BOX 7625, SHREVEPORT, LA 71137
SECRETARY/ DIRECTOR25$130,000
CINDY B RILEY
PO BOX 7625, SHREVEPORT, LA 71137
CONTROLLER
Highest-paid employee
30$130,000
DIANE F MARLOWE
PO BOX 7625, SHREVEPORT, LA 71137
ASSISTANT SECRETARY/ DIRECTOR30$80,000
JONATHAN N BROWN
PO BOX 7625, SHREVEPORT, LA 71137
IT MANAGER
Highest-paid employee
30$80,000
990-PF for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
BOBBY E JELKS
PO BOX 7625, SHREVEPORT, LA 71137
PRESIDENT20$158,000
FAITH N GILBERT
PO BOX 7625, SHREVEPORT, LA 71137
SECRETARY20$89,000
CINDY B RILEY
PO BOX 7625, SHREVEPORT, LA 71137
CONTROLLER20$79,000
JONATHAN N BROWN
PO BOX 7625, SHREVEPORT, LA 71137
IT MANAGER20$58,000
DIANE F MARLOWE
PO BOX 7625, SHREVEPORT, LA 71137
ASSISTANT SECRETARY20$42,000

Address and contacts

Address (IRS master file)
PO BOX 7625, SHREVEPORT, LA 71137-7625
Signed the 990-PF
BOBBY JELKS, PRESIDENT
Phone
(318) 221-2688
Return prepared by
KPMG 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
23-7422163
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
1978
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$220,433,211
Income (IRS master file)
$153,641,832

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$150,104,700$9,679,485$220,433,211XML
990-PFDecember 2023$52,431,190$2,860,652$80,031,833XML
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 23-7422163).

Questions about THE ALTA AND JOHN FRANKS FOUNDATION

What is the EIN of THE ALTA AND JOHN FRANKS FOUNDATION?
The employer identification number (EIN) of THE ALTA AND JOHN FRANKS FOUNDATION is 23-7422163.
Is THE ALTA AND JOHN FRANKS FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1978.
Are donations to THE ALTA AND JOHN FRANKS FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does THE ALTA AND JOHN FRANKS FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of THE ALTA AND JOHN FRANKS 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 THE ALTA AND JOHN FRANKS 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 THE ALTA AND JOHN FRANKS FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 5 people; 5 received compensation from the organization, the highest $260,000 (BOBBY E JELKS, PRESIDENT/ DIRECTOR).
How much revenue does THE ALTA AND JOHN FRANKS FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $150,104,700, expenses of $9,679,485 and total assets of $220,433,211 at year end.

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