Nonprofit · EIN 45-2986977
MARY R GALLASPY CHARITABLE TRUST NO TWO
Tax-exempt · NATCHITOCHES, LA 71457
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,131,142 | $3,208,274 | $922,868 | $46,240,837 | $23,132,096 | $23,108,741 |
| June 30, 2024 | 990 | $3,515,093 | $3,144,155 | $370,938 | $43,285,358 | $22,281,523 | $21,003,835 |
| June 30, 2023 | 990 | $10,505,448 | $10,315,319 | $190,129 | $40,427,346 | $21,229,726 | $19,197,620 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $1,632,427
- Royalties
- $2,331,987
- Net rental income
- $18,924
- Other revenue
- $2,498,715
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $32,400
- Salaries, compensation and benefits (total)
- $32,400
- Professional fundraising fees
- $0
- Accounting fees
- $24,020
- Program services (functional)
- $3,130,573
- Management and general (functional)
- $77,701
Balance sheet and other
- Total assets, start of year
- $43,285,358
- Total assets, end of year
- $46,240,837
- Total liabilities, end of year
- $23,132,096
- Net assets, end of year
- $23,108,741
- Land, buildings and equipment
- $12,016,822
- Publicly traded securities
- $28,650,841
- Net assets with donor restrictions
- $23,108,741
- Gross receipts
- $4,131,142
- Employees
- 0
- Year formed
- 2011
- State of legal domicile
- LA
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DRAKE OWENS | Trustee Trustee or director | 5 | $32,400 |
| TERRELL TJ WOODARD | Trustee Trustee or director | 1 | $0 |
| BRIAN BAILEY | Trustee Trustee or director | 1 | $0 |
| PETE ABINGTON | Trustee Trustee or director | 1 | $0 |
| B SCOTT ANDREWS | Trustee Trustee or director | 1 | $0 |
| JOHN BONNETTE | Trustee Trustee or director | 1 | $0 |
| CLOYD BENJAMIN | Trustee Trustee or director | 1 | $0 |
| HENRY BURNS | Trustee Trustee or director | 1 | $0 |
| REATHA COX | Trustee Trustee or director | 1 | $0 |
| JOHN A MANNO JR | Trustee Trustee or director | 1 | $0 |
| TERELL TJ W GORHAM JR | Trustee Trustee or director | 1 | $0 |
| MOLLY BEACH | Trustee Trustee or director | 0 | $0 |
| REGINA PIERCE | Trustee Trustee or director | 0 | $0 |
| STEVE HORTON | Executive Dir. Trustee or director, Officer | 1 | $0 |
| NICK COURVILLE | Trustee Trustee or director | 1 | $0 |
17 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHELLE HOLLENSHEAD | Trustee Trustee or director | 1 | $0 |
| WESLEY BREEDEN | Trustee Trustee or director | 1 | $0 |
| ALEX WASHINGTON | Trustee Trustee or director | 1 | $0 |
| MICHAEL J MURPHY | Trustee Trustee or director | 1 | $0 |
| LENN PRINCE | Trustee Trustee or director | 0 | $0 |
| TERRY MOORE | Trustee Trustee or director | 1 | $0 |
| TRE NELSON | Trustee Trustee or director | 1 | $0 |
| MIKE KNOTTS | Trustee Trustee or director | 1 | $0 |
| JOHN ROBINSON | Trustee Trustee or director | 0 | $0 |
| VIRGINIA BURKETT | Trustee Trustee or director | 1 | $0 |
| NICOLE GRAY | Trustee Trustee or director | 1 | $0 |
| LELA WILKES | Trustee Trustee or director | 1 | $0 |
| SHERRY MORGAN | Trustee Trustee or director | 1 | $0 |
| BARBARA JO PEASE | Trustee Trustee or director | 1 | $0 |
| THOMAS WRIGHT | Trustee Trustee or director | 1 | $0 |
| MIKE WILBURN | Trustee Trustee or director | 1 | $0 |
| JILL MORRISON | Trustee Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 32 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| DRAKE OWENS | Executive Dir. Trustee or director, Officer | 20 | $0 | $32,400 |
| TERRELL TJ WOODARD | Trustee Trustee or director | 1 | $0 | $0 |
| BRIAN BAILEY | Trustee Trustee or director | 1 | $0 | $0 |
| PETE ABINGTON | Trustee Trustee or director | 1 | $0 | $0 |
| B SCOTT ANDREWS | Trustee Trustee or director | 1 | $0 | $0 |
| JOHN BONNETTE | Trustee Trustee or director | 1 | $0 | $0 |
| CLOYD BENJAMIN | Trustee Trustee or director | 1 | $0 | $0 |
| HENRY BURNS | Trustee Trustee or director | 1 | $0 | $0 |
| REATHA COX | Trustee Trustee or director | 1 | $0 | $0 |
| JOHN A MANNO JR | Trustee Trustee or director | 1 | $0 | $0 |
| TERELL TJ W GORHAM JR | Trustee Trustee or director | 1 | $0 | $0 |
| MOLLY BEACH | Trustee Trustee or director | 1 | $0 | $0 |
| REGINA PIERCE | Trustee Trustee or director | 1 | $0 | $0 |
| STEVE HORTON | Trustee Trustee or director | 1 | $0 | $0 |
| NICK COURVILLE | Trustee Trustee or director | 1 | $0 | $0 |
| MICHELLE HOLLENSHEAD | Trustee Trustee or director | 1 | $0 | $0 |
| WESLEY BREEDEN | Trustee Trustee or director | 1 | $0 | $0 |
| ALEX WASHINGTON | Trustee Trustee or director | 1 | $0 | $0 |
| MICHAEL J MURPHY | Trustee Trustee or director | 1 | $0 | $0 |
| LENN PRINCE | Trustee Trustee or director | 1 | $0 | $0 |
| TERRY MOORE | Trustee Trustee or director | 1 | $0 | $0 |
| TRE NELSON | Trustee Trustee or director | 1 | $0 | $0 |
| MIKE KNOTTS | Trustee Trustee or director | 1 | $0 | $0 |
| JOHN ROBINSON | Trustee Trustee or director | 1 | $0 | $0 |
| VIRGINIA BURKETT | Trustee Trustee or director | 1 | $0 | $0 |
| NICOLE GRAY | Trustee Trustee or director | 1 | $0 | $0 |
| LELA WILKES | Trustee Trustee or director | 1 | $0 | $0 |
| SHERRY MORGAN | Trustee Trustee or director | 1 | $0 | $0 |
| BARBARA JO PEASE | Trustee Trustee or director | 1 | $0 | $0 |
| THOMAS WRIGHT | Trustee Trustee or director | 1 | $0 | $0 |
| MIKE WILBURN | Trustee Trustee or director | 1 | $0 | $0 |
| JILL MORRISON | Trustee Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 31 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DRAKE OWENS | Executive Dir. Officer | 20 | $32,400 |
| LOLA W DUNAHOE | Trustee Trustee or director | 1 | $0 |
| BRIAN BAILEY | Trustee Trustee or director | 1 | $0 |
| PETE ABINGTON | Trustee Trustee or director | 1 | $0 |
| B SCOTT ANDREWS | Trustee Trustee or director | 1 | $0 |
| JOHN BONNETTE | Trustee Trustee or director | 1 | $0 |
| CLOYD BENJAMIN | Trustee Trustee or director | 1 | $0 |
| HENRY BURNS | Trustee Trustee or director | 1 | $0 |
| REATHA COX | Trustee Trustee or director | 1 | $0 |
| JOHN A MANNO JR | Trustee Trustee or director | 1 | $0 |
| TERELL TJ W GORHAM JR | Trustee Trustee or director | 1 | $0 |
| ANGELA GUILLORY | Trustee Trustee or director | 1 | $0 |
| KEN HALE | Trustee Trustee or director | 1 | $0 |
| STEVE HORTON | Trustee Trustee or director | 1 | $0 |
| NICK COURVILLE | Trustee Trustee or director | 1 | $0 |
| MICHELLE HOLLENSHEAD | Trustee Trustee or director | 1 | $0 |
| WESLEY BREEDEN | Trustee Trustee or director | 1 | $0 |
| ALEX WASHINGTON | Trustee Trustee or director | 1 | $0 |
| MICHAEL J MURPHY | Trustee Trustee or director | 1 | $0 |
| BAILEY WILLIS | Trustee Trustee or director | 1 | $0 |
| TERRY MOORE | Trustee Trustee or director | 1 | $0 |
| TRE NELSON | Trustee Trustee or director | 1 | $0 |
| MIKE KNOTTS | Trustee Trustee or director | 1 | $0 |
| VIRGINIA BURKETT | Trustee Trustee or director | 1 | $0 |
| NICOLE GRAY | Trustee Trustee or director | 1 | $0 |
| LELA WILKES | Trustee Trustee or director | 1 | $0 |
| SHERRY MORGAN | Trustee Trustee or director | 1 | $0 |
| BARBARA JO PEASE | Trustee Trustee or director | 1 | $0 |
| THOMAS WRIGHT | Trustee Trustee or director | 1 | $0 |
| MIKE WILBURN | Trustee Trustee or director | 1 | $0 |
| JILL MORRISON | Trustee Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 535 UNIVERSITY PKWY, NATCHITOCHES, LA 71457-3224
- In care of
- % DRAKE OWENS
- Signed the 990
- DR STEVE HORTON, Executive Director
- Phone
- (318) 357-4250
- Return prepared by
- Burris & Six CPA LLC
Mission
The trust instrument of the Charitable Trust directs that its income, and income only, shall be used by the Northwestern State University Foundation to establish two equal scholarship funds for undergraduate students at Northwestern State University.
Program accomplishments
- Monies representing trust income were both distributed to and are currenty held for the benefit of the Northwestern State University Foundation for the establishment of the following two scholarship funds:HETTIE M. FINCHER SCHOLARSHIP, to be for an undergraduate student or students, whose major is mathematics or a closely related field.MARY R. GALLASPY SCHOLARSHIP, to be for an undergraduate student or students, whose major is business or education.Expenses $3,130,573
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 45-2986977
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type II
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2012
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $46,240,837
- Income (IRS master file)
- $4,131,142
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,131,142 | $3,208,274 | $46,240,837 | XML |
| 990 | June 2024 | $3,515,093 | $3,144,155 | $43,285,358 | XML |
| 990 | June 2023 | $10,505,448 | $10,315,319 | $40,427,346 | XML |
| 990 | June 2022 | $7,568,243 | $7,164,606 | $32,819,833 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 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 45-2986977).
Questions about MARY R GALLASPY CHARITABLE TRUST NO TWO
- What is the EIN of MARY R GALLASPY CHARITABLE TRUST NO TWO?
- The employer identification number (EIN) of MARY R GALLASPY CHARITABLE TRUST NO TWO is 45-2986977.
- Is MARY R GALLASPY CHARITABLE TRUST NO TWO tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to MARY R GALLASPY CHARITABLE TRUST NO TWO tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does MARY R GALLASPY CHARITABLE TRUST NO TWO 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 MARY R GALLASPY CHARITABLE TRUST NO TWO due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MARY R GALLASPY CHARITABLE TRUST NO TWO last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who are the officers and directors of MARY R GALLASPY CHARITABLE TRUST NO TWO?
- The 990 for the year ended June 30, 2025 lists 32 people; 1 received compensation from the organization, the highest $32,400 (DRAKE OWENS, Trustee).
- How much revenue does MARY R GALLASPY CHARITABLE TRUST NO TWO have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,131,142, expenses of $3,208,274 and total assets of $46,240,837 at year end.
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