Nonprofit · EIN 45-6659354
ASCO FOUNDATION
Also known as WILLIAM BRAX WRIGHT TTEE
Tax-exempt · LUBBOCK, TX 79404
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $4,621,687 | $1,321,011 | $3,300,676 | $30,170,615 | $0 | $30,170,615 |
| December 31, 2023 | 990-PF | $10,021,698 | $791,146 | $9,230,552 | $26,869,939 | $0 | $26,869,939 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,008,050
- Dividends
- $6,207
- Interest
- $411,567
- Net gain from sales of assets
- $40,970
- Other income
- $154,893
Expenses
- Grants and similar amounts paid
- $918,584
- Disbursements for charitable purposes
- $918,584
- Excise tax on investment income
- $2,366
Balance sheet and other
- Total assets, start of year
- $26,869,939
- Total assets, end of year
- $30,170,615
- Total liabilities, end of year
- $0
- Net assets, end of year
- $30,170,615
- Fair market value of assets
- $4,215,623
- Qualifying distributions
- $918,584
- Net investment income
- $572,667
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 |
|---|---|---|---|
| WB BRAX WRIGHT 4602 92ND ST, LUBBOCK, TX 79424 | TRUSTEE | 0 | $0 |
| JOHN STEPHEN WRIGHT 3201 TRAVIS, AMARILLO, TX 79109 | TRUSTEE | 0 | $0 |
| PAULA WRIGHT KEY 5010 91ST STREET, LUBBOCK, TX 79424 | TRUSTEE | 0 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WB BRAX WRIGHT 4602 92ND ST, LUBBOCK, TX 79424 | TRUSTEE | 1 | $0 |
| JOHN STEPHEN WRIGHT 3201 TRAVIS, AMARILLO, TX 79109 | TRUSTEE | 1 | $0 |
| PAULA WRIGHT KEY 5010 91ST STREET, LUBBOCK, TX 79424 | TRUSTEE | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2102 E SLATON RD, LUBBOCK, TX 79404-6800
- Signed the 990-PF
- WB BRAX WRIGHT, TRUSTEE
- Phone
- (806) 745-2000
- Return prepared by
- RBMS LLP
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
- 45-6659354
- 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
- 2012
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T90)
- Assets (IRS master file)
- $30,170,615
- Income (IRS master file)
- $4,621,711
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $4,621,687 | $1,321,011 | $30,170,615 | IRS |
| 990-PF | December 2023 | $10,021,698 | $791,146 | $26,869,939 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 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 45-6659354).
Questions about ASCO FOUNDATION
- What is the EIN of ASCO FOUNDATION?
- The employer identification number (EIN) of ASCO FOUNDATION is 45-6659354.
- Is ASCO FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to ASCO FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does ASCO FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of ASCO 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 ASCO 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 ASCO FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does ASCO FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $4,621,687, expenses of $1,321,011 and total assets of $30,170,615 at year end.
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All nonprofits in LUBBOCK · Texas · Philanthropy, voluntarism and grantmaking foundations