Nonprofit · EIN 75-1746196
FAIRFIELD FOUNDATION
Tax-exempt · FARMERSVILLE, TX 75442
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $71,680 | $101,977 | -$30,297 | $190,635 | $0 | $190,635 |
| December 31, 2024 | 990-PF | $22,047 | $89,380 | -$67,333 | $209,947 | $0 | $209,947 |
| December 31, 2023 | 990-PF | $14,944 | $31,937 | -$16,993 | $255,458 | $0 | $255,458 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $18,243
- Net gain from sales of assets
- $53,437
Expenses
- Grants and similar amounts paid
- $99,961
- Disbursements for charitable purposes
- $100,751
- Excise tax on investment income
- $979
Balance sheet and other
- Total assets, start of year
- $209,947
- Total assets, end of year
- $190,635
- Total liabilities, end of year
- $0
- Net assets, end of year
- $190,635
- Fair market value of assets
- $694,923
- Qualifying distributions
- $100,751
- Net investment income
- $71,680
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 |
|---|---|---|---|
| WILLIAM SHOLTEN 1041 RIDGE RD 318, WILMETTE, IL 60091 | SEC/TRES/TRUSTE | 0 | $0 |
| KATHERINE S POWELL 1757 W SCHOOL ST, CHICAGO, IL 60657 | Trustee | 0 | $0 |
| LUCY G KIMBROUGH 5419 CR 1128, FARMERSVILLE, TX 75442 | V-P/TRUSTEE | 0 | $0 |
| LESLIE K SHOLTEN 1041 Ridge Rd Unit 318, WILMETTE, IL 60091 | PRES/TRUSTEE | 0 | $0 |
| JOANNA S WALLANDER 1168 LAKEMONT DR, PITTSBURGH, PA 15243 | Trustee | 0 | $0 |
| WILLIAM ARCH SHOLTEN 3314 N SOUTHPORT 2, CHICAGO, IL 60657 | Trustee | 0 | $0 |
990-PF for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM SHOLTEN 1041 RIDGE RD 318, WILMETTE, IL 60091 | SEC/TRES/TRUSTE | 0 | $0 |
| KATHERINE S POWELL 1757 W SCHOOL ST, CHICAGO, IL 60657 | Trustee | 0 | $0 |
| LUCY G KIMBROUGH 5419 CR 1128, FARMERSVILLE, TX 75442 | V-P/TRUSTEE | 0 | $0 |
| LESLIE K SHOLTEN 1041 Ridge Rd Unit 318, WILMETTE, IL 60091 | PRES/TRUSTEE | 0 | $0 |
| JOANNA S WALLANDER 1168 LAKEMONT DR, PITTSBURGH, PA 15243 | Trustee | 0 | $0 |
| WILLIAM ARCH SHOLTEN 3314 N SOUTHPORT 2, CHICAGO, IL 60657 | Trustee | 0 | $0 |
990-PF for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM SHOLTEN 1041 RIDGE RD 318, WILMETTE, IL 60091 | SEC/TRES/TRUSTE | 0 | $0 |
| KATHERINE S POWELL 1757 W SCHOOL ST, CHICAGO, IL 60657 | Trustee | 0 | $0 |
| LUCY G KIMBROUGH 5419 CR 1128, FARMERSVILLE, TX 75442 | V-P/TRUSTEE | 0 | $0 |
| LESLIE K SHOLTEN 1041 Ridge Rd Unit 318, WILMETTE, IL 60091 | PRES/TRUSTEE | 0 | $0 |
| JOANNA S WALLANDER 1168 LAKEMONT DR, PITTSBURGH, PA 15243 | Trustee | 0 | $0 |
| WILLIAM ARCH SHOLTEN 3314 N SOUTHPORT 2, CHICAGO, IL 60657 | Trustee | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 5419 COUNTY ROAD 1128, FARMERSVILLE, TX 75442-7613
- Signed the 990-PF
- LESLIE K SHOLTEN, President
- Phone
- (847) 446-4879
- Return prepared by
- EW Tax and Valuation Group LLP
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
- 75-1746196
- 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
- 1981
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $190,635
- Income (IRS master file)
- $83,554
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $71,680 | $101,977 | $190,635 | IRS |
| 990-PF | December 2024 | $22,047 | $89,380 | $209,947 | XML |
| 990-PF | December 2023 | $14,944 | $31,937 | $255,458 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 FAIRFIELD FOUNDATION
- What is the EIN of FAIRFIELD FOUNDATION?
- The employer identification number (EIN) of FAIRFIELD FOUNDATION is 75-1746196.
- Is FAIRFIELD FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
- Are donations to FAIRFIELD FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does FAIRFIELD FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of FAIRFIELD FOUNDATION 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 FAIRFIELD FOUNDATION 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 FAIRFIELD FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does FAIRFIELD FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $71,680, expenses of $101,977 and total assets of $190,635 at year end.
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