Nonprofit · EIN 62-1777455
SEVEN ISLANDS FOUNDATION INC
Tax-exempt · KNOXVILLE, TN 37902
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $75,438 | $84,134 | -$8,696 | $3,440,201 | $0 | $3,440,201 |
| December 31, 2024 | 990-PF | $95,521 | $96,757 | -$1,236 | $3,448,325 | $0 | $3,448,325 |
| December 31, 2023 | 990-PF | $48,156 | $48,806 | -$650 | $3,424,031 | $0 | $3,424,031 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $14,000
- Dividends
- $29,912
- Interest
- $4,680
- Net gain from sales of assets
- $26,846
Expenses
- Grants and similar amounts paid
- $57,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $76,299
- Excise tax on investment income
- $745
Balance sheet and other
- Total assets, start of year
- $3,448,325
- Total assets, end of year
- $3,440,201
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,440,201
- Fair market value of assets
- $3,727,403
- Qualifying distributions
- $76,299
- Net investment income
- $61,438
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN CLAUSSEN-BISHOP 422 W CUMBERLAND AVE, KNOXVILLE, TN 37902 | PRESIDENT | 1 | $0 |
| GREGORY HALL JR 422 W CUMBERLAND AVE, KNOXVILLE, TN 37902 | ADVISORY BOARD MEMBER | 1 | $0 |
| TIFFANY SOLOMON 422 W CUMBERLAND AVE, KNOXVILLE, TN 37902 | SECRETARY | 1 | $0 |
| BEN MCMURRY IV CPA 422 W CUMBERLAND AVE, KNOXVILLE, TN 37902 | TREASURER | 1 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN CLAUSSEN-BISHOP 422 W CUMBERLAND AVE, KNOXVILLE, TN 37902 | PRESIDENT | 1 | $0 |
| GREGORY HALL JR 422 W CUMBERLAND AVE, KNOXVILLE, TN 37902 | ADVISORY BOARD MEMBER | 1 | $0 |
| TIFFANY SOLOMON 422 W CUMBERLAND AVE, KNOXVILLE, TN 37902 | SECRETARY | 1 | $0 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN CLAUSSEN-BISHOP 422 W CUMBERLAND AVE, KNOXVILLE, TN 37902 | PRESIDENT | 1 | $0 |
| GREG HALL 422 W CUMBERLAND AVE, KNOXVILLE, TN 37902 | ADVISORY BOARD MEMBER | 1 | $0 |
| BENJAMIN F MCMURRY IV 422 W CUMBERLAND AVE, KNOXVILLE, TN 37902 | TREASURER | 1 | $0 |
| TIFFANY SOLOMON 422 W CUMBERLAND AVE, KNOXVILLE, TN 37902 | SECRETARY | 1 | $0 |
| MICKEY JOHNSON 422 W CUMBERLAND AVE, KNOXVILLE, TN 37902 | ADVISORY BOARD MEMBER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 422 CUMBERLAND AVE, KNOXVILLE, TN 37902-2301
- Signed the 990-PF
- BENJAMIN F MCMURRY IV CPA, TREASURER
- Phone
- (865) 525-9400
- Return prepared by
- BOWERS ADVISORS 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 | 990-PF 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
- 62-1777455
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Environment (C30)
- Assets (IRS master file)
- $3,440,201
- Income (IRS master file)
- $324,248
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $75,438 | $84,134 | $3,440,201 | XML |
| 990-PF | December 2024 | $95,521 | $96,757 | $3,448,325 | IRS |
| 990-PF | December 2023 | $48,156 | $48,806 | $3,424,031 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 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 62-1777455).
Questions about SEVEN ISLANDS FOUNDATION INC
- What is the EIN of SEVEN ISLANDS FOUNDATION INC?
- The employer identification number (EIN) of SEVEN ISLANDS FOUNDATION INC is 62-1777455.
- Is SEVEN ISLANDS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to SEVEN ISLANDS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does SEVEN ISLANDS FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of SEVEN ISLANDS FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SEVEN ISLANDS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of SEVEN ISLANDS FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does SEVEN ISLANDS FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $75,438, expenses of $84,134 and total assets of $3,440,201 at year end.
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