Nonprofit · EIN 56-2398236
506 FOUNDATION INC
Tax-exempt · ALTAMONT, KS 67330
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $67,276 | $65,978 | $1,298 | $850,201 | $0 | $850,201 |
| June 30, 2024 | 990 | $73,052 | $64,150 | $8,902 | $765,205 | $0 | $765,205 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $57,483
- Program service revenue
- $0
- Investment income
- $9,793
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $57,546
- Compensation of officers, directors and key employees
- $5,287
- Salaries, compensation and benefits (total)
- $5,287
- Professional fundraising fees
- $0
- Accounting fees
- $1,125
- Program services (functional)
- $57,546
- Management and general (functional)
- $8,432
Balance sheet and other
- Total assets, start of year
- $765,205
- Total assets, end of year
- $850,201
- Total liabilities, end of year
- $0
- Net assets, end of year
- $850,201
- Publicly traded securities
- $778,366
- Gross receipts
- $67,276
- Employees
- 0
- Volunteers
- 8
- Year formed
- 2003
- State of legal domicile
- KS
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 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JERICA WILSON | TREASURER Officer | 2 | $5,287 |
| MATT SHIELDS | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS KASTLER | DIRECTOR Trustee or director | 1 | $0 |
| ISABELLE LEAKE | DIRECTOR Trustee or director | 1 | $0 |
| GLENA AIKENS | DIRECTOR Trustee or director | 1 | $0 |
| RICH FALKENSTIEN | DIRECTOR Trustee or director | 1 | $0 |
| ROY THOMPSON | VICE-PRESIDENT Officer | 2 | $0 |
| MARJORIE FALCON | SECRETARY Officer | 2 | $0 |
| SHAWN ALLOWAY | PRESIDENT Officer | 2 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUSAN DODSWORTH | TREASURER Officer | 2 | $3,600 |
| SAMANTHA HESTAND | DIRECTOR Trustee or director | 1 | $0 |
| ROY THOMPSON | DIRECTOR Trustee or director | 1 | $0 |
| CRYSTAL WITTY | DIRECTOR Trustee or director | 1 | $0 |
| RICH FALKENSTIEN | VICE-PRESIDENT Trustee or director | 1 | $0 |
| SHAWN ALLOWAY | DIRECTOR Trustee or director | 1 | $0 |
| MARJORIE FALCON | SECRETARY Officer | 2 | $0 |
| CHRIS KASTLER | PRESIDENT Officer | 2 | $0 |
| GLENA AIKENS | DIRECTOR Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 189, ALTAMONT, KS 67330-0189
- In care of
- % FOUNDATION
- Mailing address (990-N for 2011)
- PO Box 189, Altamont KS 673300189
- Principal officer (990 for 2024)
- CHRIS KASTLER, PO BOX 189, ALTAMONT, KS 67330
- Principal officer (990-N for 2011)
- Chris Kastler, PO Box 346, Altamont KS 67330
- Signed the 990
- JERICA WILSON, TREASURER
- Phone
- (620) 784-5326
- Return prepared by
- ADAMSBROWN LLC
Mission
OUR MISSION IS TO FOSTER EXCELLENCE IN EDUCATION BY FUNDING PROGRAMS THAT ENHANCE THE CAPABILITIES OF USD 506 SCHOOLS TO STIMULATE STUDENTS' ACADEMIC ACHIEVEMENT AND ENRICH THE LEARNING ENVIRONMENT.
Program accomplishments
- COLLECTION AND ADMINISTRATION OF GRANTS AND SCHOLARSHIPS FOR UNIFIED SCHOOL DISTRICT 506 AND ITS STUDENTSExpenses $57,546 · grants $57,546
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-2398236
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B112)
- Assets (IRS master file)
- $850,201
- Income (IRS master file)
- $67,276
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $67,276 | $65,978 | $850,201 | XML |
| 990 | June 2024 | $73,052 | $64,150 | $765,205 | XML |
| 990 | June 2023 | $74,496 | $54,451 | $720,180 | IRS |
| 990 | June 2022 | $138,032 | $56,301 | $675,826 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2011 Officer: Chris Kastler | June 30, 2012 | ≤ $50,000 receipts | – | – | e-Postcard |
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 56-2398236).
Questions about 506 FOUNDATION INC
- What is the EIN of 506 FOUNDATION INC?
- The employer identification number (EIN) of 506 FOUNDATION INC is 56-2398236.
- Is 506 FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to 506 FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 506 FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of 506 FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did 506 FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of 506 FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names CHRIS KASTLER.
- Who are the officers and directors of 506 FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 9 people; 1 received compensation from the organization, the highest $5,287 (JERICA WILSON, TREASURER).
- How much revenue does 506 FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $67,276, expenses of $65,978 and total assets of $850,201 at year end.
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