Nonprofit · EIN 75-2715549
DEASON FOUNDATION
Tax-exempt · DALLAS, TX 75219
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $8,929,513 | $2,991,791 | $5,937,722 | $42,610,692 | $0 | $42,610,692 |
| December 31, 2023 | 990-PF | $8,605,114 | $3,086,697 | $5,518,417 | $72,823,954 | $0 | $72,823,954 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,138,360
- Dividends
- $3,791,153
Expenses
- Grants and similar amounts paid
- $2,842,500
- Compensation of officers, directors and key employees
- $74,932
- Salaries, compensation and benefits (total)
- $13,430
- Disbursements for charitable purposes
- $2,891,756
- Excise tax on investment income
- $52,083
Balance sheet and other
- Total assets, start of year
- $72,823,954
- Total assets, end of year
- $42,610,692
- Total liabilities, end of year
- $0
- Net assets, end of year
- $42,610,692
- Fair market value of assets
- $42,610,692
- Qualifying distributions
- $2,891,756
- Net investment income
- $3,791,153
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 |
|---|---|---|---|
| DOUGLAS DEASON 3953 MAPLE AVENUE 150, DALLAS, TX 75219 | VICE PRESIDENT | 2 | $33,569 |
| NICK FOSTER 3953 MAPLE AVENUE 150, DALLAS, TX 75219 | VICE PRESIDENT AND SECRETARY | 7.5 | $33,398 |
| SCOTT LETIER 3953 MAPLE AVENUE 150, DALLAS, TX 75219 | ADVISORY EMPLOYEE | 0.5 | $7,963 |
| DARWIN DEASON 3953 MAPLE AVENUE 150, DALLAS, TX 75219 | PRESIDENT AND TREASURER | 0.1 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NICK FOSTER 3953 MAPLE AVENUE 150, DALLAS, TX 75219 | VICE PRESIDENT AND SECRETARY | 7.5 | $56,023 |
| DOUGLAS DEASON 3953 MAPLE AVENUE 150, DALLAS, TX 75219 | VICE PRESIDENT | 0.1 | $31,669 |
| SCOTT LETIER 3953 MAPLE AVENUE 150, DALLAS, TX 75219 | ADVISORY EMPLOYEE | 1 | $7,513 |
| DARWIN DEASON 3953 MAPLE AVENUE 150, DALLAS, TX 75219 | PRESIDENT AND TREASURER | 0.1 | $0 |
Address and contacts
- Address (IRS master file)
- 3953 MAPLE AVE STE 150, DALLAS, TX 75219-3220
- In care of
- % ASHER LADNER
- Signed the 990-PF
- SCOTT LETIER, ADVISOR
- Phone
- (214) 378-3600
- Return prepared by
- WHITLEY PENN 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 | 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
- 75-2715549
- 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
- 1998
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22Z)
- Assets (IRS master file)
- $42,610,692
- Income (IRS master file)
- $8,929,513
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $8,929,513 | $2,991,791 | $42,610,692 | IRS |
| 990-PF | December 2023 | $8,605,114 | $3,086,697 | $72,823,954 | 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 75-2715549).
Questions about DEASON FOUNDATION
- What is the EIN of DEASON FOUNDATION?
- The employer identification number (EIN) of DEASON FOUNDATION is 75-2715549.
- Is DEASON FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to DEASON FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does DEASON FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of DEASON FOUNDATION 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 DEASON FOUNDATION 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 DEASON FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 3 received compensation from the organization, the highest $33,569 (DOUGLAS DEASON, VICE PRESIDENT).
- How much revenue does DEASON FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $8,929,513, expenses of $2,991,791 and total assets of $42,610,692 at year end.
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