Nonprofit · EIN 72-1567897
BASALT FOUNDATION INC
Tax-exempt · SANTA FE, NM 87505
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $31,038 | $21,660 | $9,378 | $301,233 | $0 | $301,233 |
| December 31, 2024 | 990-PF | $22,033 | $8,989 | $13,044 | $300,771 | $0 | $300,771 |
| December 31, 2023 | 990-PF | $12,784 | $5,782 | $7,002 | $290,834 | $0 | $290,834 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $3,005
- Interest
- $161
- Net gain from sales of assets
- $27,872
Expenses
- Grants and similar amounts paid
- $11,500
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $11,500
- Excise tax on investment income
- $290
Balance sheet and other
- Total assets, start of year
- $300,771
- Total assets, end of year
- $301,233
- Total liabilities, end of year
- $0
- Net assets, end of year
- $301,233
- Fair market value of assets
- $301,233
- Qualifying distributions
- $11,500
- Net investment income
- $31,038
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 |
|---|---|---|---|
| JAN DUGGAN 3101 OLD PECOS TRAIL 603, SANTA FE, NM 87505 | PRESIDENT | 1 | $0 |
| PETER REED DUGGAN 369 MONTEZUMA AVE 462, SANTA FE, NM 87501 | DIRECTOR | 1 | $0 |
| MATTHEW B DUGGAN 2311 BROADLAWN DR, HOUSTON, TX 77058 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAN DUGGAN 3101 OLD PECOS TRAIL 603, SANTA FE, NM 87505 | PRESIDENT | 1 | $0 |
| PETER REED DUGGAN 369 MONTEZUMA AVE 462, SANTA FE, NM 87501 | DIRECTOR | 1 | $0 |
| MATTHEW B DUGGAN 2311 BROADLAWN DR, HOUSTON, TX 77058 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAN DUGGAN 3101 OLD PECOS TRAIL 603, SANTA FE, NM 87505 | PRESIDENT | 1 | $0 |
| PETER REED DUGGAN 369 MONTEZUMA AVE 462, SANTA FE, NM 87501 | DIRECTOR | 1 | $0 |
| MATTHEW B DUGGAN 2311 BROADLAWN DR, HOUSTON, TX 77058 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3101 OLD PECOS TRL UNIT 603, SANTA FE, NM 87505-9538
- In care of
- % JAN DUGGAN
- Signed the 990-PF
- JAN DUGGAN, PRESIDENT
- Phone
- (505) 988-3093
- Return prepared by
- BURT & COMPANY CPAS 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
- 72-1567897
- 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
- 2004
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $301,233
- Income (IRS master file)
- $64,287
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $31,038 | $21,660 | $301,233 | XML |
| 990-PF | December 2024 | $22,033 | $8,989 | $300,771 | XML |
| 990-PF | December 2023 | $12,784 | $5,782 | $290,834 | 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 72-1567897).
Questions about BASALT FOUNDATION INC
- What is the EIN of BASALT FOUNDATION INC?
- The employer identification number (EIN) of BASALT FOUNDATION INC is 72-1567897.
- Is BASALT FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to BASALT FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does BASALT FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of BASALT 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 BASALT 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 BASALT FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does BASALT FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $31,038, expenses of $21,660 and total assets of $301,233 at year end.
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