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Nonprofit · EIN 75-6007639

W P & BULAH LUSE FOUNDATION

Tax-exempt · DALLAS, TX 75265

Financials

$1.7M$1.1M2023$2.1M$1.1M2024$2.1M$1.3M2025
Revenue Expenses · by fiscal year end
Financials of W P & BULAH LUSE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$2,058,595$1,335,977$722,618$14,394,195$0$14,394,195
December 31, 2024990-PF$2,051,373$1,090,745$960,628$13,667,452$0$13,667,452
December 31, 2023990-PF$1,693,877$1,071,330$622,547$12,719,854$0$12,719,854
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Dividends
$387,356
Net gain from sales of assets
$1,174,754
Other income
$496,485

Expenses

Grants and similar amounts paid
$899,500
Compensation of officers, directors and key employees
$179,580
Disbursements for charitable purposes
$1,014,732
Excise tax on investment income
$24,388

Balance sheet and other

Total assets, start of year
$13,667,452
Total assets, end of year
$14,394,195
Total liabilities, end of year
$0
Net assets, end of year
$14,394,195
Fair market value of assets
$20,212,661
Qualifying distributions
$1,014,732
Net investment income
$2,052,499

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.

NameTitleHours / weekCompensation
BANK OF AMERICA
PO BOX 653067, DALLAS, TX 752653067
TRUSTEE1$179,580
KAREN SHUFORD - CO BOA
PO BOX 830241, DALLAS, TX 752830241
GRANT ADVISOR10$0
DANIEL KELLEY - CO BOA
PO BOX 830241, DALLAS, TX 752830241
GRANT ADVISOR10$0
RICHARD KERR-CO BOA
PO BOX 830241, DALLAS, TX 752830241
GRANT ADVISOR10$0
990-PF for the year ended December 31, 2024: 4 people
NameTitleHours / weekCompensation
BANK OF AMERICA
PO BOX 653067, DALLAS, TX 752653067
TRUSTEE1$186,297
KAREN SHUFORD - CO BOA
PO BOX 830241, DALLAS, TX 752830241
GRANT ADVISOR10$1,000
RICHARD KERR-CO BOA
PO BOX 830241, DALLAS, TX 752830241
GRANT ADVISOR10$1,000
DANIEL KELLEY - CO BOA
PO BOX 830241, DALLAS, TX 752830241
GRANT ADVISOR10$500
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
BANK OF AMERICA
PO BOX 653067, DALLAS, TX 752653067
TRUSTEE1$191,641
KAREN SHUFORD - CO BOA
PO BOX 830241, DALLAS, TX 752830241
GRANT ADVISOR10$1,000
DANIEL KELLEY - CO BOA
PO BOX 830241, DALLAS, TX 752830241
GRANT ADVISOR10$1,000
RICHARD KERR-CO BOA
PO BOX 830241, DALLAS, TX 752830241
GRANT ADVISOR10$1,000

Address and contacts

Address (IRS master file)
PO BOX 653067, DALLAS, TX 75265-3067
Signed the 990-PF
BANK OF AMERICA N A, MANAGING DIR
Phone
(888) 866-3275

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
75-6007639
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
1949
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$14,394,195
Income (IRS master file)
$3,681,271

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$2,058,595$1,335,977$14,394,195IRS
990-PFDecember 2024$2,051,373$1,090,745$13,667,452XML
990-PFDecember 2023$1,693,877$1,071,330$12,719,854XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––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 75-6007639).

Questions about W P & BULAH LUSE FOUNDATION

What is the EIN of W P & BULAH LUSE FOUNDATION?
The employer identification number (EIN) of W P & BULAH LUSE FOUNDATION is 75-6007639.
Is W P & BULAH LUSE FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1949.
Are donations to W P & BULAH LUSE FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does W P & BULAH LUSE FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of W P & BULAH LUSE 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 W P & BULAH LUSE 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 W P & BULAH LUSE FOUNDATION?
The 990-PF for the year ended December 31, 2025 lists 4 people; 1 received compensation from the organization, the highest $179,580 (BANK OF AMERICA, TRUSTEE).
How much revenue does W P & BULAH LUSE FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $2,058,595, expenses of $1,335,977 and total assets of $14,394,195 at year end.

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