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Nonprofit · EIN 47-4940206

THE ONWARD AND UPWARD CHARITABLE FOUNDATION

Tax-exempt · WILMINGTON, DE 19809

Financials

$208K$89K2023$73K$130K2024$56K$97K2025
Revenue Expenses · by fiscal year end
Financials of THE ONWARD AND UPWARD CHARITABLE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$55,871$96,763-$40,892$1,990,504$0$1,990,504
December 31, 2024990-PF$73,278$129,966-$56,688$2,031,396$0$2,031,396
December 31, 2023990-PF$207,851$89,195$118,656$2,088,084$0$2,088,084
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Dividends
$49,663
Interest
$5,155
Net gain from sales of assets
$1,053

Expenses

Grants and similar amounts paid
$85,370
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$95,644
Excise tax on investment income
$777

Balance sheet and other

Total assets, start of year
$2,031,396
Total assets, end of year
$1,990,504
Total liabilities, end of year
$0
Net assets, end of year
$1,990,504
Fair market value of assets
$2,666,476
Qualifying distributions
$95,644
Net investment income
$55,871

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, 2025, highest compensation first.

NameTitleHours / weekCompensation
Ken Clark
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Sec1$0
Kevin Clark
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Treas1$0
Katheryn Clark Fortunato
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Pres1$0
990-PF for the year ended December 31, 2024: 3 people
NameTitleHours / weekCompensation
Ken Clark
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Sec1$0
Kevin Clark
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Treas1$0
Katheryn Clark Fortunato
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Pres1$0
990-PF for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
Ken Clark
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Sec1$0
Kevin Clark
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Treas1$0
Katheryn Clark Fortunato
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Pres1$0

Address and contacts

Address (IRS master file)
FOUNDATION SOURCE 501 SILVERSIDE RD, WILMINGTON, DE 19809-0000
In care of
% FOUNDATION SOURCE
Signed the 990-PF
Kevin Clark, Treasurer
Phone
(800) 839-1754
Return prepared by
Foundation Source

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
47-4940206
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
2016
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$1,990,504
Income (IRS master file)
$105,879

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$55,871$96,763$1,990,504IRS
990-PFDecember 2024$73,278$129,966$2,031,396IRS
990-PFDecember 2023$207,851$89,195$2,088,084XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 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 47-4940206).

Questions about THE ONWARD AND UPWARD CHARITABLE FOUNDATION

What is the EIN of THE ONWARD AND UPWARD CHARITABLE FOUNDATION?
The employer identification number (EIN) of THE ONWARD AND UPWARD CHARITABLE FOUNDATION is 47-4940206.
Is THE ONWARD AND UPWARD CHARITABLE FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
Are donations to THE ONWARD AND UPWARD CHARITABLE FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does THE ONWARD AND UPWARD CHARITABLE FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of THE ONWARD AND UPWARD CHARITABLE FOUNDATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE ONWARD AND UPWARD CHARITABLE FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2025.
Who are the officers and directors of THE ONWARD AND UPWARD CHARITABLE FOUNDATION?
The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
How much revenue does THE ONWARD AND UPWARD CHARITABLE FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $55,871, expenses of $96,763 and total assets of $1,990,504 at year end.

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