Nonprofit · EIN 47-2091696
WALTER CONNALLY POWELL JR FOUNDATION
Tax-exempt · DALLAS, TX 75367
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $294,778 | $216,829 | $77,949 | $1,930,819 | $0 | $1,930,819 |
| December 31, 2023 | 990-PF | $295,938 | $207,859 | $88,079 | $1,859,781 | $0 | $1,859,781 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $195,280
- Dividends
- $93,781
- Net gain from sales of assets
- $5,717
Expenses
- Grants and similar amounts paid
- $205,312
- Disbursements for charitable purposes
- $205,312
- Excise tax on investment income
- $1,301
Balance sheet and other
- Total assets, start of year
- $1,859,781
- Total assets, end of year
- $1,930,819
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,930,819
- Fair market value of assets
- $2,605,376
- Qualifying distributions
- $205,312
- Net investment income
- $99,498
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 |
|---|---|---|---|
| Walter Connally Powell PO Box 670812, Dallas, TX 753670812 | President | 3.75 | $0 |
| Edward D Biggers 2616 Hibernia St, Dallas, TX 752042514 | Secretary | 0.5 | $0 |
| Frederick E Clarke IV 8222 Douglas Ave Suite 600, Dallas, TX 75225 | Treasurer | 0.5 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Walter Connally Powell PO Box 670812, Dallas, TX 753670812 | President | 3.75 | $0 |
| Bolivia C Powell PO Box 670812, Dallas, TX 753670812 | Vice President | 3.75 | $0 |
| Edward D Biggers 2616 Hibernia St, Dallas, TX 752042514 | Secretary | 0.5 | $0 |
| Frederick E Clarke IV 8222 Douglas Ave Suite 600, Dallas, TX 75225 | Treasurer | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 670812, DALLAS, TX 75367-0812
- Signed the 990-PF
- Walter Connally Powell, President
- Phone
- (214) 750-0937
- Return prepared by
- Clarke & Clarke 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
- 47-2091696
- 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
- 2015
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $1,930,819
- Income (IRS master file)
- $543,301
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $294,778 | $216,829 | $1,930,819 | IRS |
| 990-PF | December 2023 | $295,938 | $207,859 | $1,859,781 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 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 47-2091696).
Questions about WALTER CONNALLY POWELL JR FOUNDATION
- What is the EIN of WALTER CONNALLY POWELL JR FOUNDATION?
- The employer identification number (EIN) of WALTER CONNALLY POWELL JR FOUNDATION is 47-2091696.
- Is WALTER CONNALLY POWELL JR FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to WALTER CONNALLY POWELL JR FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does WALTER CONNALLY POWELL JR FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of WALTER CONNALLY POWELL JR 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 WALTER CONNALLY POWELL JR 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 WALTER CONNALLY POWELL JR FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does WALTER CONNALLY POWELL JR FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $294,778, expenses of $216,829 and total assets of $1,930,819 at year end.
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