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Nonprofit · EIN 23-7423943

TRULL FOUNDATION

Tax-exempt · PALACIOS, TX 77465

Financials

$1.4M$2.2M2023$2.9M$2M2024
Revenue Expenses · by fiscal year end
Financials of TRULL FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$2,880,845$1,974,671$906,174$24,231,467$20,536$24,210,931
December 31, 2023990-PF$1,422,278$2,236,325-$814,047$23,312,540$7,782$23,304,757
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$534,355
Interest
$4,171
Net gain from sales of assets
$2,317,747
Other income
$24,572

Expenses

Grants and similar amounts paid
$1,296,178
Salaries, compensation and benefits (total)
$125,669
Disbursements for charitable purposes
$1,538,412
Excise tax on investment income
$34,538

Balance sheet and other

Total assets, start of year
$23,312,539
Total assets, end of year
$24,231,467
Total liabilities, end of year
$20,536
Net assets, end of year
$24,210,931
Fair market value of assets
$32,365,069
Qualifying distributions
$1,538,412
Net investment income
$2,880,845

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
R SCOTT TRULL
404 FOURTH ST, PALACIOS, TX 77465
CHAIRMAN0$0
SARAH H OLFERS
404 FOURTH ST, PALACIOS, TX 77465
TRUSTEE0$0
CARA P HERLIN
404 FOURTH ST, PALACIOS, TX 77465
VICE-CHAIR0$0
KRISTAN OLFERS
404 FOURTH ST, PALACIOS, TX 77465
TRUSTEE0$0
CRAIG WALLIS
404 FOURTH ST, PALACIOS, TX 77465
TRUSTEE0$0
NELLIE C LEE
404 FOURTH STREET, PALACIOS, TX 77465
EXECUTIVE DI0$0
990-PF for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
NELLIE C LEE
404 FOURTH STREET, PALACIOS, TX 77465
EXECUTIVE DI0$82,647
R SCOTT TRULL
404 FOURTH ST, PALACIOS, TX 77465
CHAIRMAN0$0
SARAH H OLFERS
404 FOURTH ST, PALACIOS, TX 77465
TRUSTEE0$0
CARA P HERLIN
404 FOURTH ST, PALACIOS, TX 77465
VICE-CHAIR0$0
KRISTAN OLFERS
404 FOURTH ST, PALACIOS, TX 77465
TRUSTEE0$0
CRAIG WALLIS
404 FOURTH ST, PALACIOS, TX 77465
TRUSTEE0$0

Address and contacts

Address (IRS master file)
404 -4TH ST, PALACIOS, TX 77465-0000
Signed the 990-PF
NELLIE C LEE, EXECUTIVE DIRECTOR
Phone
(361) 972-5241
Return prepared by
ROLOFF HNATEK AND CO 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
23-7423943
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
1969
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$24,231,467
Income (IRS master file)
$6,867,886

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$2,880,845$1,974,671$24,231,467XML
990-PFDecember 2023$1,422,278$2,236,325$23,312,540XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 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 23-7423943).

Questions about TRULL FOUNDATION

What is the EIN of TRULL FOUNDATION?
The employer identification number (EIN) of TRULL FOUNDATION is 23-7423943.
Is TRULL FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1969.
Are donations to TRULL FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does TRULL FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of TRULL 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 TRULL 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 TRULL FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does TRULL FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $2,880,845, expenses of $1,974,671 and total assets of $24,231,467 at year end.

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