Nonprofit · EIN 46-6425149
TERKEURST FOUNDATION
Tax-exempt · WAXHAW, NC 28173
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $230,446 | $269,746 | -$39,300 | $969,043 | $1,431 | $967,612 |
| December 31, 2023 | 990-PF | $139,660 | $160,072 | -$20,412 | $1,016,912 | $10,000 | $1,006,912 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Net gain from sales of assets
- $147,889
- Other income
- $82,557
Expenses
- Grants and similar amounts paid
- $172,725
- Compensation of officers, directors and key employees
- $45,000
- Disbursements for charitable purposes
- $238,111
- Excise tax on investment income
- $2,820
Balance sheet and other
- Total assets, start of year
- $1,016,912
- Total assets, end of year
- $969,043
- Total liabilities, end of year
- $1,431
- Net assets, end of year
- $967,612
- Fair market value of assets
- $969,043
- Qualifying distributions
- $238,111
- Net investment income
- $230,446
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 |
|---|---|---|---|
| MICHAEL HOUSER 467 ROYAL TERN ROAD SOUTH, PONTE VEDRA BEACH, FL 32082 | TRUSTEE | 2 | $45,000 |
| LYSA TERKEURST 467 ROYAL TERN ROAD SOUTH, PONTE VEDRA BEACH, FL 32082 | PRES/TRUSTEE | 5 | $0 |
| HOPE TERKEURST 467 ROYAL TERN ROAD SOUTH, PONTE VEDRA BEACH, FL 32082 | TRUSTEE | 2 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LYSA TERKEURST 467 ROYAL TERN ROAD SOUTH, PONTE VEDRA BEACH, FL 32082 | PRES/TRUSTEE | 5 | $0 |
| MICHAEL HOUSER 467 ROYAL TERN ROAD SOUTH, PONTE VEDRA BEACH, FL 32082 | TRUSTEE | 2 | $0 |
| HOPE TERKEURST 467 ROYAL TERN ROAD SOUTH, PONTE VEDRA BEACH, FL 32082 | TRUSTEE | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1109 CUTHBERTSON RD, WAXHAW, NC 28173-7798
- In care of
- % LYSA TERKEURST
- Signed the 990-PF
- LYSA TERKEURST, TRUSTEE
- Phone
- (704) 491-9191
- Return prepared by
- CRI ADVISORS LLC
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
- 46-6425149
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $969,043
- Income (IRS master file)
- $1,139,307
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $230,446 | $269,746 | $969,043 | XML |
| 990-PF | December 2023 | $139,660 | $160,072 | $1,016,912 | 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 46-6425149).
Questions about TERKEURST FOUNDATION
- What is the EIN of TERKEURST FOUNDATION?
- The employer identification number (EIN) of TERKEURST FOUNDATION is 46-6425149.
- Is TERKEURST FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to TERKEURST FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TERKEURST FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of TERKEURST 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 TERKEURST 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 TERKEURST FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $45,000 (MICHAEL HOUSER, TRUSTEE).
- How much revenue does TERKEURST FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $230,446, expenses of $269,746 and total assets of $969,043 at year end.
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All nonprofits in WAXHAW · North Carolina · Philanthropy, voluntarism and grantmaking foundations