Nonprofit · EIN 72-6017724
WHELESS FOUNDATION
Also known as PAUL B SCHMIDT TTEE
Tax-exempt · SHREVEPORT, LA 71149
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| October 31, 2025 | 990-PF | $902,714 | $806,109 | $96,605 | $10,811,865 | $0 | $10,811,865 |
| October 31, 2024 | 990-PF | $1,037,332 | $713,353 | $323,979 | $10,709,251 | $0 | $10,709,251 |
| October 31, 2023 | 990-PF | $535,917 | $698,442 | -$162,525 | $10,376,371 | $0 | $10,376,371 |
Financial details: 990-PF for the year ended October 31, 2025
Revenue
- Dividends
- $181,014
- Interest
- $145,131
- Net gain from sales of assets
- $533,506
- Other income
- $43,063
Expenses
- Grants and similar amounts paid
- $688,500
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $689,134
- Excise tax on investment income
- $11,199
Balance sheet and other
- Total assets, start of year
- $10,709,251
- Total assets, end of year
- $10,811,865
- Total liabilities, end of year
- $0
- Net assets, end of year
- $10,811,865
- Fair market value of assets
- $14,872,926
- Qualifying distributions
- $689,134
- Net investment income
- $902,714
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 October 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELISE W SCHMIDT PO BOX 29129, SHREVEPORT, LA 71149 | BOARD OF CON | 1 | $0 |
| JAMES E DEVAN PO BOX 29129, SHREVEPORT, LA 71149 | BOARD OF CON | 2 | $0 |
| TRACEY E HOGAN PO BOX 29129, SHREVEPORT, LA 71149 | BOARD OF CON | 1 | $0 |
| W HOBSON HOGAN PO BOX 29129, SHREVEPORT, LA 71149 | BOARD OF CON | 1 | $0 |
990-PF for the year ended October 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELISE W SCHMIDT PO BOX 29129, SHREVEPORT, LA 71149 | BOARD OF CON | 1 | $0 |
| JAMES E DEVAN PO BOX 29129, SHREVEPORT, LA 71149 | BOARD OF CON | 2 | $0 |
| TRACEY E HOGAN PO BOX 29129, SHREVEPORT, LA 71149 | BOARD OF CON | 1 | $0 |
| W HOBSON HOGAN PO BOX 29129, SHREVEPORT, LA 71149 | BOARD OF CON | 1 | $0 |
990-PF for the year ended October 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELISE W SCHMIDT PO BOX 29129, SHREVEPORT, LA 71149 | BOARD OF CON | 1 | $0 |
| JAMES E DEVAN PO BOX 29129, SHREVEPORT, LA 71149 | BOARD OF CON | 2 | $0 |
| TRACEY E HOGAN PO BOX 29129, SHREVEPORT, LA 71149 | BOARD OF CON | 1 | $0 |
| W HOBSON HOGAN PO BOX 29129, SHREVEPORT, LA 71149 | BOARD OF CON | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 29129, SHREVEPORT, LA 71149-9129
- Signed the 990-PF
- ELISE W SCHMIDT, BOARD OF CONTROL
- Phone
- (318) 429-2118
- Return prepared by
- HEARD MCELROY & VESTAL 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 October, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | October 31, 2026 | March 15, 2027 | Not due yet |
| 2024 | October 31, 2025 | March 16, 2026 | 990-PF on file |
| 2023 | October 31, 2024 | March 17, 2025 | 990-PF on file |
IRS record
- EIN
- 72-6017724
- 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
- 1947
- Accounting year ends
- October
- Files
- Form 990-PF
- Assets (IRS master file)
- $10,811,865
- Income (IRS master file)
- $3,530,482
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | October 2025 | $902,714 | $806,109 | $10,811,865 | XML |
| 990-PF | October 2024 | $1,037,332 | $713,353 | $10,709,251 | XML |
| 990-PF | October 2023 | $535,917 | $698,442 | $10,376,371 | XML |
| 990-PF | October 2022 | – | – | – | IRS |
| 990-PF | October 2021 | – | – | – | IRS |
| 990-PF | October 2020 | – | – | – | IRS |
| 990-PF | October 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 72-6017724).
Questions about WHELESS FOUNDATION
- What is the EIN of WHELESS FOUNDATION?
- The employer identification number (EIN) of WHELESS FOUNDATION is 72-6017724.
- Is WHELESS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1947.
- Are donations to WHELESS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does WHELESS FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of WHELESS FOUNDATION due?
- The return for tax year 2025 (the year ending October 31, 2026) is due March 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WHELESS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended October 2025.
- Who are the officers and directors of WHELESS FOUNDATION?
- The 990-PF for the year ended October 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does WHELESS FOUNDATION have?
- On its 990-PF for the year ended October 31, 2025 it reported revenue of $902,714, expenses of $806,109 and total assets of $10,811,865 at year end.
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