Nonprofit · EIN 36-4749289
LAUGHING GULL FOUNDATION
Tax-exempt · LEBANON, TN 37090
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $1,894,874 | $7,738,218 | -$5,843,344 | $53,381,249 | $0 | $53,381,249 |
| December 31, 2023 | 990-PF | $3,132,291 | $7,504,981 | -$4,372,690 | $59,203,248 | $0 | $59,203,248 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $1,386,231
- Interest
- $402,159
- Net rental income
- $10,850
- Net gain from sales of assets
- $231,429
- Other income
- -$135,795
Expenses
- Grants and similar amounts paid
- $6,146,285
- Salaries, compensation and benefits (total)
- $433,030
- Disbursements for charitable purposes
- $6,567,684
- Excise tax on investment income
- $22,937
Balance sheet and other
- Total assets, start of year
- $59,203,248
- Total assets, end of year
- $53,381,249
- Total liabilities, end of year
- $0
- Net assets, end of year
- $53,381,249
- Fair market value of assets
- $69,521,288
- Qualifying distributions
- $6,567,684
- Net investment income
- $2,044,519
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 | Other / benefits |
|---|---|---|---|---|
| LATONYA N PENNY 505 S DUKE ST STE 301, DURHAM, NC 277013259 | EXECUTIVE DI Highest-paid employee | 40 | $202,230 | $14,156 |
| SHANNON RITCHIE 505 S DUKE ST STE 301, DURHAM, NC 277013259 | SENIOR ADVIS Highest-paid employee | 32 | $95,000 | $4,850 |
| KAREN A CARLTON 505 S DUKE ST STE 301, DURHAM, NC 277013259 | COORDINATOR Highest-paid employee | 32 | $85,000 | $10,800 |
| MARJORIE OWEN BAESMITH 505 S DUKE ST STE 301, DURHAM, NC 277013259 | PRESIDENT | 15 | $0 | $0 |
| EMILY COWARD 505 S DUKE ST STE 301, DURHAM, NC 277013259 | SECRETARY | 5 | $0 | $0 |
| MARJORIE WILLIAMS COWARD 505 S DUKE ST STE 301, DURHAM, NC 277013259 | CHAIR | 5 | $0 | $0 |
| SARAH SCHWARTZ BAESMITH 505 S DUKE ST STE 301, DURHAM, NC 277013259 | TREASURER | 5 | $0 | $0 |
990-PF for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LATONYA N PENNY 505 S DUKE ST STE 301, DURHAM, NC 277013259 | EXECUTIVE DI Highest-paid employee | 40 | $192,600 | $8,437 |
| HILARY RAU 505 S DUKE ST STE 301, DURHAM, NC 27701 | PROGRAM OFFI Highest-paid employee | 40 | $129,236 | $843 |
| KAREN A CARLTON 505 S DUKE ST STE 301, DURHAM, NC 27701 | COORDINATOR Highest-paid employee | 40 | $76,966 | $3,848 |
| MARJORIE OWEN BAESMITH 505 S DUKE ST STE 301, DURHAM, NC 27701 | PRESIDENT | 15 | $0 | $0 |
| EMILY COWARD 505 S DUKE ST STE 301, DURHAM, NC 27701 | SECRETARY | 5 | $0 | $0 |
| MARJORIE WILLIAMS COWARD 505 S DUKE ST STE 301, DURHAM, NC 27701 | CHAIR | 5 | $0 | $0 |
| SARAH SCHWARTZ BAESMITH 505 S DUKE ST STE 301, DURHAM, NC 27701 | TREASURER | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1055 GREENWOOD RD, LEBANON, TN 37090-5145
- In care of
- % JAMIE NICHOLSON
- Signed the 990-PF
- MARJORIE OWEN BAESMITH, PRESIDENT
- Phone
- (615) 419-3677
- Website
- LAUGHINGGULL.ORG
- Return prepared by
- RIVERFRONT ADVISORS
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
- 36-4749289
- 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
- 2013
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $53,381,249
- Income (IRS master file)
- $7,439,070
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $1,894,874 | $7,738,218 | $53,381,249 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $3,132,291 | $7,504,981 | $59,203,248 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | 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 36-4749289).
Questions about LAUGHING GULL FOUNDATION
- What is the EIN of LAUGHING GULL FOUNDATION?
- The employer identification number (EIN) of LAUGHING GULL FOUNDATION is 36-4749289.
- Is LAUGHING GULL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to LAUGHING GULL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does LAUGHING GULL FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LAUGHING GULL 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 LAUGHING GULL 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 LAUGHING GULL FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 7 people; 3 received compensation from the organization, the highest $202,230 (LATONYA N PENNY, EXECUTIVE DI).
- How much revenue does LAUGHING GULL FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,894,874, expenses of $7,738,218 and total assets of $53,381,249 at year end.
Other nonprofits in LEBANON
- ALL FOR HIM MINISTRY INC EIN 81-1783173 · last filed 990 for 2025
- CRACKER BARREL OLD COUNTRY STORE FOUNDATION EIN 62-1577717 · last filed 990-PF for 2024
- VOLUNTEER NETWORK EIN 99-4749440 · last filed 990 for 2025
- WAYNE AND JEAN HARDY FAMILY FOUNDATION EIN 27-5248403 · last filed 990-PF for 2025
- PHOEBE CONNECTIONS INC EIN 47-2391432 · last filed 990-EZ for 2025
- GRACE AND GLORY EIN 45-4826417 · last filed 990-EZ for 2025
- OM CHARITABLE TR OF USA EIN 84-6652564 · last filed 990 for 2025
- SYENE TEMPLE 193 EIN 87-2244315 · last filed 990-N for 2025
All nonprofits in LEBANON · Tennessee · Philanthropy, voluntarism and grantmaking foundations