Nonprofit · EIN 26-1635878
CORLEY FOUNDATION
Tax-exempt · NEWPORT BEACH, CA 92663
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $21,319 | $67,753 | -$46,434 | $520,247 | $4 | $520,243 |
| December 31, 2023 | 990-PF | $17,439 | $32,728 | -$15,289 | $566,677 | $0 | $566,677 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Net gain from sales of assets
- -$261
- Other income
- $21,580
Expenses
- Grants and similar amounts paid
- $59,750
- Disbursements for charitable purposes
- $67,753
Balance sheet and other
- Total assets, start of year
- $566,677
- Total assets, end of year
- $520,247
- Total liabilities, end of year
- $4
- Net assets, end of year
- $520,243
- Fair market value of assets
- $466,800
- Qualifying distributions
- $67,753
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JESSE A CORLEY 2227 CLIFF DRIVE, NEWPORT BEACH, CA 92663 | Director | 0 | $0 |
| DEBRA C CORLEY 27112 HIDDEN TRAIL ROAD, LAGUNA HILLS, CA 92653 | Director | 0 | $0 |
| ERICA M CORLEY 2227 CLIFF DRIVE, NEWPORT BEACH, CA 92663 | Director | 0 | $0 |
| DAVIS A CORLEY 2227 CLIFF DRIVE, NEWPORT BEACH, CA 92663 | Director | 0 | $0 |
| DREW D CORLEY 2227 CLIFF DRIVE, NEWPORT BEACH, CA 92663 | Director | 0 | $0 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JESSE A CORLEY 2227 CLIFF DRIVE, NEWPORT BEACH, CA 92663 | Director | 0 | $0 |
| DEBRA C CORLEY 27112 HIDDEN TRAIL ROAD, LAGUNA HILLS, CA 92653 | Director | 0 | $0 |
| ERICA M CORLEY 2227 CLIFF DRIVE, NEWPORT BEACH, CA 92663 | Director | 0 | $0 |
| DAVIS A CORLEY 2227 CLIFF DRIVE, NEWPORT BEACH, CA 92663 | Director | 0 | $0 |
| DREW D CORLEY 2227 CLIFF DRIVE, NEWPORT BEACH, CA 92663 | Director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 2227 CLIFF DR, NEWPORT BEACH, CA 92663-5123
- In care of
- % ANDY CORLEY
- Signed the 990-PF
- JESSE A CORLEY, President
- Phone
- (714) 429-8207
- Return prepared by
- ABREGOV PARRINO LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 26-1635878 or by the name CORLEY FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 26-1635878
- 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
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $520,247
- Income (IRS master file)
- $75,716
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $21,319 | $67,753 | $520,247 | IRS |
| 990-PF | December 2023 | $17,439 | $32,728 | $566,677 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 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 26-1635878).
Questions about CORLEY FOUNDATION
- What is the EIN of CORLEY FOUNDATION?
- The employer identification number (EIN) of CORLEY FOUNDATION is 26-1635878.
- Is CORLEY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to CORLEY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CORLEY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CORLEY 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 CORLEY 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 CORLEY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does CORLEY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $21,319, expenses of $67,753 and total assets of $520,247 at year end.
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All nonprofits in NEWPORT BEACH · California · Philanthropy, voluntarism and grantmaking foundations