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Nonprofit · EIN 26-1565007

FORMANEK FOUNDATION

Tax-exempt · MEMPHIS, TN 38119

Financials

$12M$10.7M2023$21.3M$10.2M2024
Revenue Expenses · by fiscal year end
Financials of FORMANEK FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$21,317,306$10,248,214$11,069,092$155,420,222$0$155,420,222
December 31, 2023990-PF$12,023,174$10,692,860$1,330,314$144,351,130$0$144,351,130
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$2,788,930
Interest
$139,145
Net gain from sales of assets
$15,920,533
Other income
$2,468,698

Expenses

Grants and similar amounts paid
$7,567,725
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$210,000
Disbursements for charitable purposes
$7,569,628
Excise tax on investment income
$269,343

Balance sheet and other

Total assets, start of year
$144,351,130
Total assets, end of year
$155,420,222
Total liabilities, end of year
$0
Net assets, end of year
$155,420,222
Fair market value of assets
$173,434,407
Qualifying distributions
$7,569,628
Net investment income
$21,317,306

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
ERIC ROBERTSON
6075 POPLAR SUITE 726, MEMPHIS, TN 38119
EXECUTIVE DIRECTOR
Highest-paid employee
40$210,000
WALTER W ROTCHILD
6075 POPLAR AVE SUITE 726, MEMPHIS, TN 38119
PRESIDENT/DIRECTOR/EXEC COMM5$0
J MICHAEL HOWARD II
6075 POPLAR AVE SUITE 726, MEMPHIS, TN 38119
SEC-TREASURER/DIRECTOR/EXEC COMM10$0
JONATHAN SPITZER
6075 POPLAR AVE SUITE 726, MEMPHIS, TN 38119
DIRECTOR/EXECUTIVE COMMITTEE2$0
MARY LEE COPP
6120 SHADY GROVE, MEMPHIS, TN 38120
DIRECTOR1$0
RYAN CARROLL
6075 POPLAR AVE SUITE 726, MEMPHIS, TN 38119
DIRECTOR1$0
ROBIN L FORMANEK
1129 AMALFI DRIVE, PACIFIC PALISADES, CA 90272
DIRECTOR1$0
990-PF for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
ERIC ROBERTSON
6075 POPLAR SUITE 726, MEMPHIS, TN 38119
EXECUTIVE DIRECTOR
Highest-paid employee
40$200,000
WALTER W ROTCHILD
6075 POPLAR AVE SUITE 726, MEMPHIS, TN 38119
PRESIDENT/DIRECTOR/EXEC COMM5$0
J MICHAEL HOWARD II
6075 POPLAR AVE SUITE 726, MEMPHIS, TN 38119
SEC-TREASURER/DIRECTOR/EXEC COMM10$0
JONATHAN SPITZER
6075 POPLAR AVE SUITE 726, MEMPHIS, TN 38119
DIRECTOR/EXECUTIVE COMMITTEE2$0
MARY LEE COPP
6075 POPLAR AVE SUITE 726, MEMPHIS, TN 38119
DIRECTOR1$0
RYAN CARROLL
6075 POPLAR AVE SUITE 726, MEMPHIS, TN 38119
DIRECTOR1$0
ROBIN L FORMANEK
6075 POPLAR AVE SUITE 726, MEMPHIS, TN 38119
DIRECTOR1$0

Address and contacts

Address (IRS master file)
6075 POPLAR AVE STE 726, MEMPHIS, TN 38119-4750
Signed the 990-PF
J MICHAEL HOWARD II, DIRECTOR
Phone
(901) 616-1529
Return prepared by
WATKINS UIBERALL PLLC

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
26-1565007
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)
$155,420,222
Income (IRS master file)
$21,998,927

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$21,317,306$10,248,214$155,420,222XML
990-PFDecember 2023$12,023,174$10,692,860$144,351,130XML
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 26-1565007).

Questions about FORMANEK FOUNDATION

What is the EIN of FORMANEK FOUNDATION?
The employer identification number (EIN) of FORMANEK FOUNDATION is 26-1565007.
Is FORMANEK FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
Are donations to FORMANEK FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does FORMANEK FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of FORMANEK 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 FORMANEK 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 FORMANEK FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $210,000 (ERIC ROBERTSON, EXECUTIVE DIRECTOR).
How much revenue does FORMANEK FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $21,317,306, expenses of $10,248,214 and total assets of $155,420,222 at year end.

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