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Nonprofit · EIN 59-3281750

TOM P HANEY EDUCATION FOUNDATION INC

Tax-exempt · PANAMA CITY, FL 32405

Financials

$162K$131K2022$36K$29K2023$199K$4K2024
Revenue Expenses · by fiscal year end
Financials of TOM P HANEY EDUCATION FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$198,785$4,344$194,441$748,224$0$748,224
June 30, 2024990$35,566$29,109$6,457$553,783$0$553,783
June 30, 2023990$162,450$131,349$31,101$609,003$61,677$547,326
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$166,506
Program service revenue
$0
Investment income
$26,843
Other revenue
$5,436

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$1,150
Management and general (functional)
$3,194

Balance sheet and other

Total assets, start of year
$553,783
Total assets, end of year
$748,224
Total liabilities, end of year
$0
Net assets, end of year
$748,224
Net assets without donor restrictions
$748,224
Gross receipts
$198,785
Employees
0
State of legal domicile
FL

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.

NameTitleHours / weekCompensation
RICH MUSGRAVEPresident
Officer
2$0
BILL FENIMOREVice President
Officer
1$0
JANET PITTSSecretary
Officer
1$0
WILL CRAMERTreasurer
Officer
1$0
990 for the year ended June 30, 2024: 4 people
NameTitleHours / weekCompensation
Rich MusgravePresident
Officer
2$0
Bill FenimoreVice President
Officer
1$0
Janet PittsSecretary
Officer
1$0
Will CramerTreasurer
Officer
1$0
990 for the year ended June 30, 2023: 4 people
NameTitleHours / weekCompensation
Rich MusgravePresident
Officer
2$0
Bill FenimoreVice President
Officer
1$0
Janet PittsSecretary
Officer
1$0
Will CramerTreasurer
Officer
1$0

Address and contacts

Address (IRS master file)
3016 HIGHWAY 77, PANAMA CITY, FL 32405-5004
Mailing address (990-N for 2007)
3016 Highway 77, Panama City FL 32405
Principal officer (990-N for 2007)
Rich Musgrave, 3016 Highway 77, Panama City FL 32405
Signed the 990
WILLIAM CRAMER, Treasurer
Phone
(850) 747-7601
Return prepared by
Howell Martin & Wilson

Mission

PROVIDE FINANCIAL ASSISTANCE

990 for the year ended June 30, 2025

Program accomplishments

  • SCHOLARSHIPS AWARDED
    Expenses $1,150

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
59-3281750
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
1995
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82Z)
Assets (IRS master file)
$748,224
Income (IRS master file)
$198,785

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$198,785$4,344$748,224XML
990June 2024$35,566$29,109$553,783XML
990June 2023$162,450$131,349$609,003XML
990June 2022$38,260$66,026$516,225IRS
990June 2021–––IRS
990-EZJune 2020–––IRS
990-EZJune 2019–––IRS
990-EZJune 2018–––IRS
990-N for 2007
Officer: Rich Musgrave
June 30, 2008≤ $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 59-3281750).

Questions about TOM P HANEY EDUCATION FOUNDATION INC

What is the EIN of TOM P HANEY EDUCATION FOUNDATION INC?
The employer identification number (EIN) of TOM P HANEY EDUCATION FOUNDATION INC is 59-3281750.
Is TOM P HANEY EDUCATION FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
Are donations to TOM P HANEY EDUCATION FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does TOM P HANEY EDUCATION 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 TOM P HANEY EDUCATION 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 TOM P HANEY EDUCATION 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 TOM P HANEY EDUCATION FOUNDATION INC?
The 990-N for 2007 names Rich Musgrave.
Who are the officers and directors of TOM P HANEY EDUCATION FOUNDATION INC?
The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
How much revenue does TOM P HANEY EDUCATION FOUNDATION INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $198,785, expenses of $4,344 and total assets of $748,224 at year end.

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