Nonprofit · EIN 75-2547151
VERNE COOPER FOUNDATION INC
Tax-exempt · BONHAM, TX 75418
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $208,735 | $127,406 | $81,329 | $2,667,327 | $0 | $2,667,327 |
| December 31, 2023 | 990-PF | $130,469 | $108,822 | $21,647 | $2,528,575 | $0 | $2,528,575 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $91,238
- Interest
- $37
- Net gain from sales of assets
- $117,460
Expenses
- Grants and similar amounts paid
- $112,750
- Compensation of officers, directors and key employees
- $13,131
- Disbursements for charitable purposes
- $124,568
- Excise tax on investment income
- $2,883
Balance sheet and other
- Total assets, start of year
- $2,528,575
- Total assets, end of year
- $2,667,327
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,667,327
- Fair market value of assets
- $2,667,327
- Qualifying distributions
- $124,568
- Net investment income
- $208,735
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVE MOHUNDRO 817 MARTIN ST, BONHAM, TX 75418 | S/T, TRUSTEE | 3 | $13,131 |
| KEITH KIRKLAND PO BOX 277, TRENTON, TX 75490 | Trustee | 0 | $0 |
| CLAUDE CAFFEE 704 E MAIN ST, HONEY GROVE, TX 75446 | VP & TRUSTEE | 0 | $0 |
| KARLI FOWLER 1201 N 14TH ST, HONEY GROVE, TX 75446 | Trustee | 0 | $0 |
| EUGENE KEGANS PO BOX 1229, LEONARD, TX 75452 | PRES & TRUSTEE | 0 | $0 |
| MITZI SHERWOOD 500 6TH ST, HONEY GROVE, TX 75446 | Trustee | 0 | $0 |
990-PF for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVE MOHUNDRO 817 MARTIN ST, BONHAM, TX 75418 | S/T, TRUSTEE | 3 | $12,550 |
| KEITH KIRKLAND PO BOX 277, TRENTON, TX 75490 | Trustee | 0 | $0 |
| CLAUDE CAFFEE 704 E MAIN ST, HONEY GROVE, TX 75446 | VP & TRUSTEE | 0 | $0 |
| KARLI FOWLER 1201 N 14TH ST, HONEY GROVE, TX 75446 | Trustee | 0 | $0 |
| EUGENE KEGANS PO BOX 1229, LEONARD, TX 75452 | PRES & TRUSTEE | 0 | $0 |
| MITZI SHERWOOD 500 6TH ST, HONEY GROVE, TX 75446 | Trustee | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1400 W RUSSELL AVE, BONHAM, TX 75418-2341
- In care of
- % STEVE MOHUNDRO
- Signed the 990-PF
- STEVE MOHUNDRO, S/T, TRUSTEE
- Phone
- (903) 583-5574
- Website
- WWW.VERNECOOPER.ORG
- Return prepared by
- MCCLANAHAN & HOLMES
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 | Not 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
- 75-2547151
- 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
- 1994
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $2,667,327
- Income (IRS master file)
- $298,714
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $208,735 | $127,406 | $2,667,327 | IRS |
| 990-PF | December 2023 | $130,469 | $108,822 | $2,528,575 | 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 75-2547151).
Questions about VERNE COOPER FOUNDATION INC
- What is the EIN of VERNE COOPER FOUNDATION INC?
- The employer identification number (EIN) of VERNE COOPER FOUNDATION INC is 75-2547151.
- Is VERNE COOPER FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to VERNE COOPER FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does VERNE COOPER FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of VERNE COOPER FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VERNE COOPER FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of VERNE COOPER FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $13,131 (STEVE MOHUNDRO, S/T, TRUSTEE).
- How much revenue does VERNE COOPER FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $208,735, expenses of $127,406 and total assets of $2,667,327 at year end.
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