Nonprofit · EIN 47-5484709
TAITANCHI FOUNDATION INC
Tax-exempt · ATLANTA, GA 30307
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $657,226 | $1,959,138 | -$1,301,912 | $10,586,373 | $0 | $10,586,373 |
| December 31, 2023 | 990-PF | $735,128 | $4,348,647 | -$3,613,519 | $11,931,133 | $0 | $11,931,133 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $19,490
- Interest
- $23,654
- Other income
- $614,082
Expenses
- Grants and similar amounts paid
- $391,750
- Compensation of officers, directors and key employees
- $295,033
- Salaries, compensation and benefits (total)
- $29,352
- Disbursements for charitable purposes
- $1,175,478
Balance sheet and other
- Total assets, start of year
- $11,931,133
- Total assets, end of year
- $10,586,373
- Total liabilities, end of year
- $0
- Net assets, end of year
- $10,586,373
- Fair market value of assets
- $10,586,373
- Qualifying distributions
- $1,175,478
- Net investment income
- $657,226
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 |
|---|---|---|---|
| MARGARET BEAR 675 SEMINOLE AVENUE SUITE 112, ATLANTA, GA 30307 | PRESIDENT, DIRECTOR | 10 | $150,000 |
| RUSSELL MCKELLAR 675 SEMINOLE AVENUE SUITE 112, ATLANTA, GA 30307 | DIRECTOR | 10 | $145,033 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARGARET BEAR 675 SEMINOLE AVENUE SUITE 112, ATLANTA, GA 30307 | PRESIDENT, DIRECTOR | 10 | $150,000 |
| RUSSELL MCKELLAR 675 SEMINOLE AVENUE SUITE 112, ATLANTA, GA 30307 | DIRECTOR | 10 | $145,033 |
Address and contacts
- Address (IRS master file)
- 675 SEMINOLE AVE NE STE 112, ATLANTA, GA 30307-3412
- Signed the 990-PF
- MARGARET BEAR, PRESIDENT, DIRECTOR
- Phone
- (404) 314-4151
- Return prepared by
- FRAZIER & DEETER ADVISORY 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
- 47-5484709
- 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
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $10,586,373
- Income (IRS master file)
- $657,226
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $657,226 | $1,959,138 | $10,586,373 | XML |
| 990-PF | December 2023 | $735,128 | $4,348,647 | $11,931,133 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | 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 47-5484709).
Questions about TAITANCHI FOUNDATION INC
- What is the EIN of TAITANCHI FOUNDATION INC?
- The employer identification number (EIN) of TAITANCHI FOUNDATION INC is 47-5484709.
- Is TAITANCHI FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to TAITANCHI FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does TAITANCHI FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of TAITANCHI FOUNDATION INC 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 TAITANCHI FOUNDATION INC 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 TAITANCHI FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 2 received compensation from the organization, the highest $150,000 (MARGARET BEAR, PRESIDENT, DIRECTOR).
- How much revenue does TAITANCHI FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $657,226, expenses of $1,959,138 and total assets of $10,586,373 at year end.
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