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Nonprofit · EIN 61-0865310

HEAD CORPORATION

Tax-exempt · LONDON, KY 40743

Financials

$77K$117K2023$89K$85K2024
Revenue Expenses · by fiscal year end
Financials of HEAD CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$88,910$84,555$4,355$1,859,586$560,775$1,298,811
December 31, 2023990$77,379$117,323-$39,944$1,985,400$690,944$1,294,456
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$20,000
Program service revenue
$66,899
Investment income
$2,011
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$6,131
Program services (functional)
$77,948
Management and general (functional)
$6,607

Balance sheet and other

Total assets, start of year
$1,985,400
Total assets, end of year
$1,859,586
Total liabilities, end of year
$560,775
Net assets, end of year
$1,298,811
Net assets without donor restrictions
$1,298,811
Gross receipts
$88,910
Employees
0
Year formed
1974
State of legal domicile
KY

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
LON OLIVERACTING CHAIR
Officer
–$0
KAYE HALLDIRECTOR
Trustee or director
–$0
SHERRY TRENTDIRECTOR
Trustee or director
–$0
MAE HUMISTONDIRECTOR
Trustee or director
–$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
JASON HALEEXECUTIVE DI
Officer
40$42,502
LON OLIVERACTING CHAIR
Officer
2$0
KAYE HALLDIRECTOR
Trustee or director
2$0
SHERRY TRENTDIRECTOR
Trustee or director
2$0
MAE HUMISTONDIRECTOR
Trustee or director
2$0

Address and contacts

Address (IRS master file)
PO BOX 995, LONDON, KY 40743-0995
Principal officer (990 for 2024)
LON OLIVER
Signed the 990
LON OLIVER, ACTING CHAIR
Return prepared by
CRAFT WANINGER NOBLE & COMPANY PLLC

Mission

TO SUPPORT COMMUNITY AND ECONOMIC DEVELOPMENT EFFORTS IN CENTRAL APPALACHIA. THE ORGANIZATION'S ACTIVITIES INCLUDE PROVIDING ADMINISTRATIVE SERVICES TO THE APPALACHIAN FEDERAL CREDIT UNION AND PROVIDING LOANS FOR ECONOMIC DEVELOPMENT PURPOSES.

990 for the year ended December 31, 2024

Program accomplishments

  • THE ORGANIZATION PROVIDES LOAN CAPITAL & TECHNICAL ASSISTANCE TO INDIVIDUALS & GROUPS WISHING TO START-UP OR EXPAND SMALL BUSINESSES IN CENTRAL APPALACHIA.
    Expenses $77,948

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 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, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
61-0865310
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
1974
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,859,586
Income (IRS master file)
$88,910

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$88,910$84,555$1,859,586XML
990December 2023$77,379$117,323$1,985,400XML
990December 2022$91,906$133,767$2,115,164IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 61-0865310).

Questions about HEAD CORPORATION

What is the EIN of HEAD CORPORATION?
The employer identification number (EIN) of HEAD CORPORATION is 61-0865310.
Is HEAD CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
Are donations to HEAD CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does HEAD CORPORATION 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 HEAD CORPORATION 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 HEAD CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of HEAD CORPORATION?
The 990 for the year ended December 31, 2024 names LON OLIVER.
Who are the officers and directors of HEAD CORPORATION?
The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does HEAD CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $88,910, expenses of $84,555 and total assets of $1,859,586 at year end.

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