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Nonprofit · EIN 61-6024040

NORTON FOUNDATION INC

Tax-exempt · LOUISVILLE, KY 40232

Financials

$475K$1M2023$736K$1.1M2024
Revenue Expenses · by fiscal year end
Financials of NORTON FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$735,890$1,067,735-$331,845$10,030,967$0$10,030,967
December 31, 2023990-PF$475,487$1,046,444-$570,957$10,375,004$0$10,375,004
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$262,562
Interest
$31,295
Net gain from sales of assets
$432,458
Other income
$9,575

Expenses

Grants and similar amounts paid
$747,500
Compensation of officers, directors and key employees
$77,487
Salaries, compensation and benefits (total)
$24,073
Disbursements for charitable purposes
$871,945
Excise tax on investment income
$8,139

Balance sheet and other

Total assets, start of year
$10,375,004
Total assets, end of year
$10,030,967
Total liabilities, end of year
$0
Net assets, end of year
$10,030,967
Fair market value of assets
$15,190,614
Qualifying distributions
$871,945
Net investment income
$735,397

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.

NameTitleHours / weekCompensation
MEREDITH ERICKSON
PO BOX 6262, LOUISVILLE, KY 40206
EXECUTIVE DIRECTOR/SECRETARY40$77,487
JANE NEWTON
PO BOX 6262, LOUISVILLE, KY 40206
PRESIDENT0.1$0
MARGARET KEITH
PO BOX 6262, LOUISVILLE, KY 40206
VICE PRESIDENT0.1$0
S BRANDON COAN
PO BOX 6262, LOUISVILLE, KY 40206
DIRECTOR0.1$0
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
MEREDITH ERICKSON
PO BOX 6262, LOUISVILLE, KY 40206
EXECUTIVE DIRECTOR/SECRETARY40$72,610
JANE NEWTON
PO BOX 6262, LOUISVILLE, KY 40206
PRESIDENT0.1$0
MARGARET KEITH
PO BOX 6262, LOUISVILLE, KY 40206
VICE PRESIDENT0.1$0
S BRANDON COAN
PO BOX 6262, LOUISVILLE, KY 40206
DIRECTOR0.1$0

Address and contacts

Address (IRS master file)
PO BOX 32760, LOUISVILLE, KY 40232-2760
In care of
% BAIRD TRUST
Signed the 990-PF
MEREDITH ERICKSON, EXECUTIVE DIRECTOR
Phone
(502) 893-9549
Return prepared by
CHERRY BEKAERT 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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
61-6024040
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
1959
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$10,030,967
Income (IRS master file)
$2,544,154

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$735,890$1,067,735$10,030,967XML
990-TDecember 2024–––IRS
990-PFDecember 2023$475,487$1,046,444$10,375,004XML
990-TDecember 2023–––IRS
990-PFDecember 2022–––IRS
990-TDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-TDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-TDecember 2020–––IRS
990-PFDecember 2018–––IRS
990-PFDecember 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 61-6024040).

Questions about NORTON FOUNDATION INC

What is the EIN of NORTON FOUNDATION INC?
The employer identification number (EIN) of NORTON FOUNDATION INC is 61-6024040.
Is NORTON FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1959.
Are donations to NORTON FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does NORTON FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of NORTON 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 NORTON 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 NORTON FOUNDATION INC?
The 990-PF for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $77,487 (MEREDITH ERICKSON, EXECUTIVE DIRECTOR/SECRETARY).
How much revenue does NORTON FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $735,890, expenses of $1,067,735 and total assets of $10,030,967 at year end.

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