Nonprofit · EIN 46-5050393
COLKET FOUNDATION
Tax-exempt · FAIRVIEW, TX 75069
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | -$8,377 | $70,239 | -$78,616 | $716,775 | $0 | $716,775 |
| December 31, 2023 | 990-PF | $25,059 | $80,065 | -$55,006 | $795,391 | $0 | $795,391 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $36,000
- Interest
- $131
- Net gain from sales of assets
- -$44,508
Expenses
- Grants and similar amounts paid
- $51,171
- Compensation of officers, directors and key employees
- $10,000
- Disbursements for charitable purposes
- $60,073
- Excise tax on investment income
- $366
Balance sheet and other
- Total assets, start of year
- $795,391
- Total assets, end of year
- $716,775
- Total liabilities, end of year
- $0
- Net assets, end of year
- $716,775
- Fair market value of assets
- $1,304,286
- Qualifying distributions
- $60,073
- Net investment income
- $36,131
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 |
|---|---|---|---|
| CHARLES H COLKET 1306 MERION COURT, FAIRVIEW, TX 75069 | PRES/DIR. | 3 | $2,500 |
| LISA C SCHRIMSHER 4122 TURNBERRY CIRCLE, HOUSTON, TX 77025 | VP/DIR. | 3 | $2,500 |
| LAURI A YOUNGBLOOD 6231 WOODLEIGH OAKS DR, CHARLOTTE, NC 28226 | DIRECTOR | 3 | $2,500 |
| LESLIE C JACKSON 1011 THREE OAKS DR, FAIRVIEW, TX 75069 | SEC/TRS/DIR. | 3 | $2,500 |
| RICK L SCHRIMSHER 4122 TURNBERRY CIRCLE, HOUSTON, TX 77025 | DIRECTOR | 0 | $0 |
| SCOTT P YOUNGBLOOD 6321 WOODLEIGH OAKS DR, CHARLOTTE, NC 28226 | DIRECTOR | 0 | $0 |
| TIMOTHY M JACKSON 1011 THREE OAKS DR, FAIRVIEW, TX 75069 | DIRECTOR | 0 | $0 |
990-PF for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES H COLKET 1306 MERION COURT, FAIRVIEW, TX 75069 | PRES/DIR. | 3 | $2,500 |
| LISA C SCHRIMSHER 4122 TURNBERRY CIRCLE, HOUSTON, TX 77025 | VP/DIR. | 3 | $2,500 |
| LAURI A YOUNGBLOOD 6231 WOODLEIGH OAKS DR, CHARLOTTE, NC 28226 | DIRECTOR | 3 | $2,500 |
| LESLIE C JACKSON 1011 THREE OAKS DR, FAIRVIEW, TX 75069 | SEC/TRS/DIR. | 3 | $2,500 |
| RICK L SCHRIMSHER 4122 TURNBERRY CIRCLE, HOUSTON, TX 77025 | DIRECTOR | 3 | $2,500 |
| SCOTT P YOUNGBLOOD 6321 WOODLEIGH OAKS DR, CHARLOTTE, NC 28226 | DIRECTOR | 3 | $2,500 |
| TIMOTHY M JACKSON 1011 THREE OAKS DR, FAIRVIEW, TX 75069 | DIRECTOR | 3 | $2,500 |
Address and contacts
- Address (IRS master file)
- 1011 THREE OAKS DR, FAIRVIEW, TX 75069-9416
- Signed the 990-PF
- LESLIE C JACKSON, SEC/TRS/DIR.
- Phone
- (214) 803-7273
- Return prepared by
- KEITH D LAIR 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 | 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
- 46-5050393
- 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
- 2014
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $716,775
- Income (IRS master file)
- $273,015
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $25,059 | $80,065 | $795,391 | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about COLKET FOUNDATION
- What is the EIN of COLKET FOUNDATION?
- The employer identification number (EIN) of COLKET FOUNDATION is 46-5050393.
- Is COLKET FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to COLKET FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does COLKET FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of COLKET 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 COLKET 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 COLKET FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 7 people; 4 received compensation from the organization, the highest $2,500 (CHARLES H COLKET, PRES/DIR.).
- How much revenue does COLKET FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of -$8,377, expenses of $70,239 and total assets of $716,775 at year end.
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All nonprofits in FAIRVIEW · Texas · Philanthropy, voluntarism and grantmaking foundations