Nonprofit · EIN 41-2047741
THOMAS V GIDDENS FOUNDATION
Tax-exempt · FIRCREST, WA 98466
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $1,146,794 | $1,556,925 | -$410,131 | $18,178,626 | $0 | $18,178,626 |
| December 31, 2023 | 990-PF | $1,241,764 | $1,506,176 | -$264,412 | $18,682,197 | $0 | $18,682,197 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $636,294
- Net gain from sales of assets
- $369,777
- Other income
- $140,723
Expenses
- Grants and similar amounts paid
- $900,000
- Compensation of officers, directors and key employees
- $487,600
- Disbursements for charitable purposes
- $1,398,422
- Excise tax on investment income
- $13,920
Balance sheet and other
- Total assets, start of year
- $18,682,197
- Total assets, end of year
- $18,178,626
- Total liabilities, end of year
- $0
- Net assets, end of year
- $18,178,626
- Fair market value of assets
- $24,243,576
- Qualifying distributions
- $1,398,422
- Net investment income
- $1,133,099
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 |
|---|---|---|---|
| MARK KOTNOUR 314 Farallone Ave, Fircrest, WA 98466 | TREASURER & DIRECTOR | 40 | $141,400 |
| RICHARD WATKINS 314 Farallone Ave, Fircrest, WA 98466 | President & Director | 40 | $141,400 |
| TIMOTHY KOTNOUR 314 Farallone Ave, Fircrest, WA 98466 | VICE PRESIDENT & DIRECTOR | 40 | $132,400 |
| SAM WATKINS 314 Farallone Ave, Fircrest, WA 98466 | SECRETARY & DIRECTOR | 15 | $72,400 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK KOTNOUR 314 Farallone Ave, Fircrest, WA 98466 | TREASURER & DIRECTOR | 40 | $161,400 |
| RICHARD WATKINS 314 Farallone Ave, Fircrest, WA 98466 | President & Director | 40 | $161,400 |
| TIMOTHY KOTNOUR 314 Farallone Ave, Fircrest, WA 98466 | VICE PRESIDENT & DIRECTOR | 40 | $122,400 |
| SAM WATKINS 314 Farallone Ave, Fircrest, WA 98466 | SECRETARY & DIRECTOR | 10 | $20,400 |
Address and contacts
- Address (IRS master file)
- 314 FARALLONE AVE, FIRCREST, WA 98466-7106
- In care of
- % THE FOUNDATION
- Signed the 990-PF
- Tim Kotnour, Director
- Phone
- (815) 391-3789
- Return prepared by
- BDO USA
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
- 41-2047741
- 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
- 2004
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $18,178,626
- Income (IRS master file)
- $1,586,167
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $1,146,794 | $1,556,925 | $18,178,626 | XML |
| 990-PF | December 2023 | $1,241,764 | $1,506,176 | $18,682,197 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | May 2022 | – | – | – | IRS |
| 990-PF | May 2021 | – | – | – | IRS |
| 990-PF | May 2020 | – | – | – | IRS |
| 990-PF | May 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 41-2047741).
Questions about THOMAS V GIDDENS FOUNDATION
- What is the EIN of THOMAS V GIDDENS FOUNDATION?
- The employer identification number (EIN) of THOMAS V GIDDENS FOUNDATION is 41-2047741.
- Is THOMAS V GIDDENS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to THOMAS V GIDDENS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THOMAS V GIDDENS FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THOMAS V GIDDENS 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 THOMAS V GIDDENS 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 THOMAS V GIDDENS FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 4 received compensation from the organization, the highest $141,400 (MARK KOTNOUR, TREASURER & DIRECTOR).
- How much revenue does THOMAS V GIDDENS FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,146,794, expenses of $1,556,925 and total assets of $18,178,626 at year end.
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