Nonprofit · EIN 30-1422743
FORTY FIRST FOUNDATION
Tax-exempt · AUSTIN, TX 78701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $1,299,200 | $349,220 | $949,980 | $2,811,344 | $1,861,364 | $949,980 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $1,299,200
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $109,375
- Salaries, compensation and benefits (total)
- $109,375
- Professional fundraising fees
- $0
- Legal fees
- $33,855
- Accounting fees
- $4,250
- Occupancy
- $10,500
- Travel
- $185,728
- Program services (functional)
- $295,103
- Management and general (functional)
- $54,117
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $2,811,344
- Total liabilities, end of year
- $1,861,364
- Net assets, end of year
- $949,980
- Net assets without donor restrictions
- $949,980
- Gross receipts
- $1,299,200
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2024
- State of legal domicile
- TX
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 for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JACK ELTIFE | EXECUTIVE DIRECTOR Officer | 40 | $125,000 |
| KENNETH ABOUSSIE | DIRECTOR Trustee or director | 1 | $0 |
| JOSHUA ALEXANDER | BOARD CHAIR Trustee or director, Officer | 1 | $0 |
| SHAWN EICHORST | BOARD SECRETARY Trustee or director, Officer | 1 | $0 |
| GLORIA MONCRIEF | BOARD TREASURER Trustee or director, Officer | 1 | $0 |
| DAN SLESNICK | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN SMITH | DIRECTOR Trustee or director | 1 | $0 |
| JOHN ZOGG | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1300 RED RIVER ST UNIT 510, AUSTIN, TX 78701-1984
- In care of
- % JACK ELTIFE
- Principal officer (990 for 2024)
- JACK ELTIFE, 1300 RED RIVER STREET 510, AUSTIN, TX 78701
- Signed the 990
- JACK ELTIFE, EXECUTIVE DIRECTOR
- Phone
- (903) 245-0751
- Return prepared by
- MAXWELL LOCKE & RITTER LLP
Mission
THE FORTY FIRST FOUNDATION SUPPORTS AND ADVANCES THE UNIVERSITY OF TEXAS AT AUSTIN IN ITS PURSUIT OF EXCELLENCE. WE WORK CLOSELY WITH THE OFFICE OF THE PRESIDENT TO IDENTIFY, FUND, AND IMPLEMENT STRATEGIC INITIATIVES THAT ENHANCE THE UNIVERSITY'S ACADEMIC PROGRAMS, RESEARCH CAPABILITIES, AND OVERALL IMPACT.
Program accomplishments
- THE FORTY FIRST FOUNDATION SUPPORTS AND ADVANCES THE UNIVERSITY OF TEXAS AT AUSTIN IN ITS PURSUIT OF EXCELLENCE. WE WORK CLOSELY WITH THE OFFICE OF THE PRESIDENT TO IDENTIFY, FUND, AND IMPLEMENT STRATEGIC INITIATIVES THAT ENHANCE THE UNIVERSITY'S ACADEMIC PROGRAMS, RESEARCH CAPABILITIES, AND OVERALL IMPACT.Expenses $295,103
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | No data |
IRS record
- EIN
- 30-1422743
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2025
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $2,811,344
- Income (IRS master file)
- $1,299,200
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about FORTY FIRST FOUNDATION
- What is the EIN of FORTY FIRST FOUNDATION?
- The employer identification number (EIN) of FORTY FIRST FOUNDATION is 30-1422743.
- Is FORTY FIRST FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
- Are donations to FORTY FIRST FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does FORTY FIRST FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FORTY FIRST FOUNDATION due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FORTY FIRST FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of FORTY FIRST FOUNDATION?
- The 990 for the year ended August 31, 2025 names JACK ELTIFE.
- Who are the officers and directors of FORTY FIRST FOUNDATION?
- The 990 for the year ended August 31, 2025 lists 8 people; 1 received compensation from the organization, the highest $125,000 (JACK ELTIFE, EXECUTIVE DIRECTOR).
- How much revenue does FORTY FIRST FOUNDATION have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $1,299,200, expenses of $349,220 and total assets of $2,811,344 at year end.
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