Nonprofit · EIN 75-2086648
INDUSTRY ADVANCEMENT FUND INC
Tax-exempt · SOUTHLAKE, TX 76092
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $100,943 | $186,626 | -$85,683 | $1,772,410 | $0 | $1,772,410 |
| September 30, 2024 | 990 | $109,291 | $159,990 | -$50,699 | $1,664,229 | $0 | $1,664,229 |
| September 30, 2023 | 990 | $64,380 | $101,585 | -$37,205 | $1,461,079 | $7,400 | $1,453,679 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $39,510
- Program service revenue
- $0
- Investment income
- $61,433
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $102,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,055
- Travel
- $18,775
- Program services (functional)
- $169,484
- Management and general (functional)
- $17,142
Balance sheet and other
- Total assets, start of year
- $1,664,229
- Total assets, end of year
- $1,772,410
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,772,410
- Publicly traded securities
- $1,719,259
- Net assets without donor restrictions
- $1,772,410
- Gross receipts
- $100,943
- Employees
- 0
- Volunteers
- 5
- Year formed
- 1986
- State of legal domicile
- TX
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 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BO WALKER | TRUSTEE Trustee or director, Officer | 8 | $0 |
| MIKE HAYES | TRUSTEE Trustee or director | 8 | $0 |
| A ROY KERN JR | TRUSTEE Trustee or director, Officer | 8 | $0 |
| TOM ARMOUR | TRUSTEE Trustee or director | 8 | $0 |
| LANCE KITCHENS | TRUSTEE Trustee or director | 8 | $0 |
990 for the year ended September 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRUCE LONG | TRUSTEE Trustee or director, Officer | 8 | $0 |
| MIKE HAYES | TRUSTEE Trustee or director | 8 | $0 |
| A ROY KERN JR | TRUSTEE Trustee or director, Officer | 8 | $0 |
| TOM ARMOUR | TRUSTEE Trustee or director | 8 | $0 |
| LANCE KITCHENS | TRUSTEE Trustee or director | 8 | $0 |
990 for the year ended September 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRUCE LONG | TRUSTEE Trustee or director, Officer | 8 | $0 |
| MIKE HAYES | TRUSTEE Trustee or director | 8 | $0 |
| A ROY KERN JR | TRUSTEE Trustee or director, Officer | 8 | $0 |
| TOM ARMOUR | TRUSTEE Trustee or director | 8 | $0 |
| LANCE KITCHENS | TRUSTEE Trustee or director | 8 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 93583, SOUTHLAKE, TX 76092-0115
- Principal officer (990 for 2024)
- A ROY KERN JR, PO BOX 306, CORAOPOLIS, PA 15108
- Signed the 990
- A ROY KERN JR, TRUSTEE
- Phone
- (469) 359-6000
- Return prepared by
- AHUJA & CONSULTANTS INC
Mission
RESEARCH AND SCHOLARSHIPS IN THE DRILLED SHAFT INDUSTRY.
Program accomplishments
- PROVIDE FUNDING FOR RESEARCH PROJECTS WITH COLLEGES, UNIVERSITIES, AND OTHER ORGANIZATIONS TO IMPROVE THE TECHNOLOGY AND SAFETY IN THE DRILLED SHAFT INDUSTRY.Expenses $48,709 · revenue $39,510
- PROVIDE SCHOLARSHIPS TO OUTSTANDING GRADUATE STUDENTS AT VARIOUS ENGINEERING COLLEGES AND UNIVERSITIES. THE SCHOLARSHIPS ARE AWARDED ON AN EQUAL OPPORTUNITY BASIS TO THE MOST QUALIFIED PERSONS.Expenses $120,775 · grants $102,000
- PROVIDE EDUCATION AND FIELD STUDY WORKSHOPS TO FACULTY AT CIVIL ENGINEERING COLLEGES AND UNIVERSITIES TO WORK TOWARD IMPROVING TECHNOLOGY IN THE DRILLED SHAFT INDUSTRY.PROVIDE FUNDING FOR ANCHOR EARTH RETENTION RESEARCH PROJECT, DRILLED SHAFT RESEARCH PROJECTS, AND MICRO-PILE RESEARCH PROJECTS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 75-2086648
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1987
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,772,410
- Income (IRS master file)
- $100,943
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $100,943 | $186,626 | $1,772,410 | XML |
| 990 | September 2024 | $109,291 | $159,990 | $1,664,229 | XML |
| 990 | September 2023 | $64,380 | $101,585 | $1,461,079 | XML |
| 990 | September 2022 | $64,490 | $72,176 | $1,401,154 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 75-2086648).
Questions about INDUSTRY ADVANCEMENT FUND INC
- What is the EIN of INDUSTRY ADVANCEMENT FUND INC?
- The employer identification number (EIN) of INDUSTRY ADVANCEMENT FUND INC is 75-2086648.
- Is INDUSTRY ADVANCEMENT FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to INDUSTRY ADVANCEMENT FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INDUSTRY ADVANCEMENT FUND INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INDUSTRY ADVANCEMENT FUND INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INDUSTRY ADVANCEMENT FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of INDUSTRY ADVANCEMENT FUND INC?
- The 990 for the year ended September 30, 2025 names A ROY KERN JR.
- Who are the officers and directors of INDUSTRY ADVANCEMENT FUND INC?
- The 990 for the year ended September 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does INDUSTRY ADVANCEMENT FUND INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $100,943, expenses of $186,626 and total assets of $1,772,410 at year end.
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