Nonprofit · EIN 74-1908420
MAJESTIC RANCH ARTS FOUNDATION
Tax-exempt · BOERNE, TX 78006
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990-PF | $6,413 | $93,034 | -$86,621 | $325,096 | $0 | $325,096 |
Financial details: 990-PF for the year ended March 31, 2025
Revenue
- Interest
- $6,413
Expenses
- Grants and similar amounts paid
- $30,000
- Compensation of officers, directors and key employees
- $46,744
- Disbursements for charitable purposes
- $45,343
- Excise tax on investment income
- $9
Balance sheet and other
- Total assets, start of year
- $411,717
- Total assets, end of year
- $325,096
- Total liabilities, end of year
- $0
- Net assets, end of year
- $325,096
- Fair market value of assets
- $325,096
- Qualifying distributions
- $45,343
- Net investment income
- $6,413
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 March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MERLE S OLSON PHD PO BOX 1708, BOERNE, TX 78006 | CHAIRMAN & PRESIDENT | 8 | $0 |
| MARIDEAN JONES PO BOX 1708, BOERNE, TX 78006 | VICE PRESIDENT | 2 | $0 |
| JOHN SHERMAN PO BOX 1708, BOERNE, TX 78006 | TREASURER | 1 | $0 |
| DEBRA L PIERCE PO BOX 1708, BOERNE, TX 78006 | SECRETARY | 8 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1708, BOERNE, TX 78006-6708
- In care of
- % MERLE S OLSON
- Signed the 990-PF
- DEBRA L PIERCE, SECRETARY
- Phone
- (210) 415-4185
- Return prepared by
- CALVETTI FERGUSON
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990-PF on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990-PF on file |
IRS record
- EIN
- 74-1908420
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation (exempt from paying excise taxes)
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 1977
- Accounting year ends
- March
- Files
- Form 990-PF
- Assets (IRS master file)
- $325,096
- Income (IRS master file)
- $6,413
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | March 2025 | – | – | – | IRS |
| 990-PF | March 2024 | – | – | – | IRS |
| 990-PF | March 2023 | $2,662 | $123,934 | $467,844 | IRS |
| 990-PF | March 2022 | – | – | – | IRS |
| 990-PF | March 2021 | – | – | – | IRS |
| 990-PF | March 2020 | – | – | – | IRS |
| 990-PF | March 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about MAJESTIC RANCH ARTS FOUNDATION
- What is the EIN of MAJESTIC RANCH ARTS FOUNDATION?
- The employer identification number (EIN) of MAJESTIC RANCH ARTS FOUNDATION is 74-1908420.
- Is MAJESTIC RANCH ARTS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1977.
- Are donations to MAJESTIC RANCH ARTS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does MAJESTIC RANCH ARTS FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MAJESTIC RANCH ARTS FOUNDATION due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAJESTIC RANCH ARTS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended March 2025.
- Who are the officers and directors of MAJESTIC RANCH ARTS FOUNDATION?
- The 990-PF for the year ended March 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does MAJESTIC RANCH ARTS FOUNDATION have?
- On its 990-PF for the year ended March 31, 2025 it reported revenue of $6,413, expenses of $93,034 and total assets of $325,096 at year end.
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