Nonprofit · EIN 72-1373522
LEO SEAL FAMILY FOUNDATION
Tax-exempt · BAY ST LOUIS, MS 39521
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $745,883 | $613,310 | $132,573 | $11,569,322 | $0 | $11,569,322 |
| December 31, 2023 | 990-PF | $79,071 | $591,185 | -$512,114 | $11,431,749 | $0 | $11,431,749 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $82,397
- Dividends
- $309,381
- Net gain from sales of assets
- $354,105
Expenses
- Grants and similar amounts paid
- $562,774
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $565,745
- Excise tax on investment income
- $8,561
Balance sheet and other
- Total assets, start of year
- $11,431,749
- Total assets, end of year
- $11,569,322
- Total liabilities, end of year
- $0
- Net assets, end of year
- $11,569,322
- Fair market value of assets
- $13,232,251
- Qualifying distributions
- $565,745
- Net investment income
- $663,486
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LEO W SEAL III PO BOX 3720, BAY ST LOUIS, MS 39521 | PRESIDENT | 1 | $0 |
| WALLACE LEE SEAL PO BOX 3720, BAY ST LOUIS, MS 39521 | SECRETARY/TREASURER | 1 | $0 |
| CLAY WAGNER PO BOX 3720, BAY ST LOUIS, MS 39521 | VICE PRESIDENT | 1 | $0 |
| JOHN BAXTER PO BOX 3720, BAY ST LOUIS, MS 39521 | VICE PRESIDENT | 1 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LEO W SEAL III PO BOX 3720, BAY ST LOUIS, MS 39521 | PRESIDENT | 1 | $0 |
| WALLACE LEE SEAL PO BOX 3720, BAY ST LOUIS, MS 39521 | SECRETARY/TREASURER | 1 | $0 |
| CLAY WAGNER PO BOX 3720, BAY ST LOUIS, MS 39521 | VICE PRESIDENT | 1 | $0 |
| JOHN BAXTER PO BOX 3720, BAY ST LOUIS, MS 39521 | VICE PRESIDENT | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 3720, BAY ST LOUIS, MS 39521-3720
- In care of
- % LEO W SEAL JR
- Signed the 990-PF
- LEO W SEAL III, PRESIDENT
- Phone
- (228) 641-4505
- Return prepared by
- ALEXANDER VAN LOON SLOAN LEVENS & FAVRE
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 | Not 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
- 72-1373522
- 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
- 1997
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20Z)
- Assets (IRS master file)
- $11,569,322
- Income (IRS master file)
- $7,303,977
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $745,883 | $613,310 | $11,569,322 | XML |
| 990-PF | December 2023 | $79,071 | $591,185 | $11,431,749 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 72-1373522).
Questions about LEO SEAL FAMILY FOUNDATION
- What is the EIN of LEO SEAL FAMILY FOUNDATION?
- The employer identification number (EIN) of LEO SEAL FAMILY FOUNDATION is 72-1373522.
- Is LEO SEAL FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to LEO SEAL FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does LEO SEAL FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LEO SEAL FAMILY FOUNDATION 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 LEO SEAL FAMILY FOUNDATION 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 LEO SEAL FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does LEO SEAL FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $745,883, expenses of $613,310 and total assets of $11,569,322 at year end.
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