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Nonprofit · EIN 27-2598904

THE ALLEN AND KELLI QUESTROM FOUNDATION

Tax-exempt · DALLAS, TX 75248

Financials

$6.5M$4.6M2023$12.9M$4.7M2024
Revenue Expenses · by fiscal year end
Financials of THE ALLEN AND KELLI QUESTROM FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$12,934,839$4,661,649$8,273,190$46,571,679$0$46,571,679
December 31, 2023990-PF$6,508,744$4,642,193$1,866,551$41,956,839$0$41,956,839
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$8,026,049
Dividends
$950,729
Interest
$308,446
Net gain from sales of assets
$3,608,497
Other income
$41,118

Expenses

Grants and similar amounts paid
$3,750,000
Compensation of officers, directors and key employees
$25,000
Salaries, compensation and benefits (total)
$126,787
Disbursements for charitable purposes
$3,816,808
Excise tax on investment income
$57,178

Balance sheet and other

Total assets, start of year
$41,956,839
Total assets, end of year
$46,571,679
Total liabilities, end of year
$0
Net assets, end of year
$46,571,679
Fair market value of assets
$53,931,776
Qualifying distributions
$3,816,808
Net investment income
$4,867,526

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
KYLE MCHUGH
108 FULTON ST UNIT 4, BOSTON, MA 02109
Director0$25,000
ALLEN I QUESTROM
16 TURTLE CREEK BEND, DALLAS, TX 75204
PRES/DIRECTOR0$0
CAROL L KELLI QUESTROM
16 TURTLE CREEK BEND, DALLAS, TX 75204
S/T/DIRECTOR0$0
BEN BEAVERS
333 WEST WACKER DR SUITE 700, CHICAGO, IL 60606
Director0$0
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
KYLE MCHUGH
108 FULTON ST UNIT 4, BOSTON, MA 02109
Director0$25,000
ALLEN I QUESTROM
16 TURTLE CREEK BEND, DALLAS, TX 75204
PRES/DIRECTOR0$0
CAROL L KELLI QUESTROM
16 TURTLE CREEK BEND, DALLAS, TX 75204
S/T/DIRECTOR0$0
BEN BEAVERS
333 WEST WACKER DR SUITE 700, CHICAGO, IL 60606
Director0$0

Address and contacts

Address (IRS master file)
16660 DALLAS PKWY STE 2400, DALLAS, TX 75248-2698
In care of
% EW TAX AND VALUATION GROUP LLP
Signed the 990-PF
ALLEN I QUESTROM, President
Phone
(972) 250-9959
Return prepared by
EW Tax and Valuation Group 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
27-2598904
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
2010
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$46,571,679
Income (IRS master file)
$23,433,376

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$12,934,839$4,661,649$46,571,679IRS
990-TDecember 2024–––IRS
990-PFDecember 2023$6,508,744$4,642,193$41,956,839XML
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 27-2598904).

Questions about THE ALLEN AND KELLI QUESTROM FOUNDATION

What is the EIN of THE ALLEN AND KELLI QUESTROM FOUNDATION?
The employer identification number (EIN) of THE ALLEN AND KELLI QUESTROM FOUNDATION is 27-2598904.
Is THE ALLEN AND KELLI QUESTROM FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
Are donations to THE ALLEN AND KELLI QUESTROM FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does THE ALLEN AND KELLI QUESTROM FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of THE ALLEN AND KELLI QUESTROM 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 ALLEN AND KELLI QUESTROM 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 ALLEN AND KELLI QUESTROM FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $25,000 (KYLE MCHUGH, Director).
How much revenue does THE ALLEN AND KELLI QUESTROM FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $12,934,839, expenses of $4,661,649 and total assets of $46,571,679 at year end.

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