Nonprofit · EIN 35-1942978
PHELAN FAMILY FOUNDATION INC
Tax-exempt · CARROLLTON, TX 75007
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $69,983 | $172,319 | -$102,336 | $430,945 | $43,050 | $387,895 |
| December 31, 2024 | 990-PF | $55,058 | $186,945 | -$131,887 | $490,231 | $0 | $490,231 |
| December 31, 2023 | 990-PF | $18,497 | $160,398 | -$141,901 | $622,118 | $0 | $622,118 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $30,047
- Net gain from sales of assets
- $30,452
- Other income
- $9,484
Expenses
- Grants and similar amounts paid
- $51,052
- Compensation of officers, directors and key employees
- $60,000
Balance sheet and other
- Total assets, start of year
- $490,231
- Total assets, end of year
- $430,945
- Total liabilities, end of year
- $43,050
- Net assets, end of year
- $387,895
- Fair market value of assets
- $619,411
- Net investment income
- $69,983
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Scott Phelan 1809 Clear Creek, Carrollton, TX 75007 | Vice President | 1 | $0 |
| Janet Worley 200 Muleta Drive, Oak Point, TX 75068 | President | 10 | $0 |
| Mary Angela Watson 1555 E Mel Currie Road, Bloomington, IN 47408 | Secretary | 1 | $0 |
| Shana Phelan 718 Evergreen Drive, West Palm Beach, FL 33403 | Director | 1 | $0 |
990-PF for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Janet Worley 200 Muleta Drive, Oak Point, TX 75068 | President | 10 | $76,500 |
| Scott Phelan 1809 Clear Creek, Carrollton, TX 75007 | Vice President | 1 | $0 |
| Mary Angela Watson 1555 E Mel Currie Road, Bloomington, IN 47408 | Secretary | 1 | $0 |
| Shana Phelan 718 Evergreen Drive, West Palm Beach, FL 33403 | Director | 1 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Scott Phelan 1809 Clear Creek, Carrollton, TX 75007 | Vice President | 1 | $0 |
| Janet Worley 200 Muleta Drive, Oak Point, TX 75068 | President | 10 | $0 |
| Mary Angela Watson 1555 E Mel Currie Road, Bloomington, IN 47408 | Secretary | 1 | $0 |
| Shana Phelan 718 Evergreen Drive, West Palm Beach, FL 33403 | Director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1809 CLEAR CREEK LN, CARROLLTON, TX 75007-3001
- In care of
- % SCOTT PHELAN
- Signed the 990-PF
- SCOTT PHELAN, President
- Phone
- (972) 839-3427
- Return prepared by
- Tacker & Raforth PC
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 | 990-PF 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
- 35-1942978
- 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
- 1995
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22Z)
- Assets (IRS master file)
- $430,945
- Income (IRS master file)
- $210,655
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $69,983 | $172,319 | $430,945 | IRS |
| 990-PF | December 2024 | $55,058 | $186,945 | $490,231 | IRS |
| 990-PF | December 2023 | $18,497 | $160,398 | $622,118 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | 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 35-1942978).
Questions about PHELAN FAMILY FOUNDATION INC
- What is the EIN of PHELAN FAMILY FOUNDATION INC?
- The employer identification number (EIN) of PHELAN FAMILY FOUNDATION INC is 35-1942978.
- Is PHELAN FAMILY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to PHELAN FAMILY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does PHELAN FAMILY FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of PHELAN FAMILY FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PHELAN FAMILY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of PHELAN FAMILY FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does PHELAN FAMILY FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $69,983, expenses of $172,319 and total assets of $430,945 at year end.
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