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Nonprofit · EIN 75-6024469

MEREDITH FOUNDATION

Tax-exempt · MINEOLA, TX 75773

Financials

$1.8M$1.2M2021$1.5M$1.6M2023$3.4M$1.5M2024
Revenue Expenses · by fiscal year end
Financials of MEREDITH FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$3,400,170$1,460,133$1,940,037$23,662,953$49,171$23,613,782
December 31, 2023990-PF$1,509,512$1,639,182-$129,670$21,684,954$11,209$21,673,745
December 31, 2021990-PF$1,793,619$1,227,545$566,074$21,580,237$11,427$21,568,810
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$974,615
Net rental income
$386
Net gain from sales of assets
$2,036,835
Other income
$388,334

Expenses

Grants and similar amounts paid
$1,187,295
Salaries, compensation and benefits (total)
$56,000
Disbursements for charitable purposes
$1,248,496
Excise tax on investment income
$44,434

Balance sheet and other

Total assets, start of year
$21,684,954
Total assets, end of year
$23,662,953
Total liabilities, end of year
$49,171
Net assets, end of year
$23,613,782
Fair market value of assets
$31,391,017
Qualifying distributions
$1,248,496
Net investment income
$3,364,987

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.

NameTitleHours / weekCompensation
ABBY HOOTEN
PO BOX 117, MINEOLA, TX 75773
SECRETARY
Highest-paid employee
40$56,000
ROBIN AVERETT
PO BOX 117, MINEOLA, TX 75773
Trustee0$0
FREDA MADSEN
PO BOX 117, MINEOLA, TX 75773
VICE CHAIRMAN0$0
JERRY PHILLIPS
PO BOX 117, MINEOLA, TX 75773
Trustee0$0
DEMETHRIUS BOYD
PO BOX 117, MINEOLA, TX 75773
Trustee0$0
JOE WILLIAMS
PO BOX 117, MINEOLA, TX 75773
SEC/TREASURER0$0
BOB SMITH
PO BOX 117, MINEOLA, TX 75773
Chairman0$0
990-PF for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
ABBY HOOTEN
PO BOX 117, MINEOLA, TX 75773
SECRETARY
Highest-paid employee
40$56,000
ROBIN AVERETT
PO BOX 117, MINEOLA, TX 75773
Trustee0$0
FREDA MADSEN
PO BOX 117, MINEOLA, TX 75773
VICE CHAIRMAN0$0
JERRY PHILLIPS
PO BOX 117, MINEOLA, TX 75773
Trustee0$0
DEMETHRIUS BOYD
PO BOX 117, MINEOLA, TX 75773
Trustee0$0
JOE WILLIAMS
PO BOX 117, MINEOLA, TX 75773
SEC/TREASURER0$0
BOB SMITH
PO BOX 117, MINEOLA, TX 75773
Chairman0$0
990-PF for the year ended December 31, 2021: 6 people
NameTitleHours / weekCompensation
ABBY HOOTON
PO BOX 117, MINEOLA, TX 75773
SECRETARY
Highest-paid employee
40$56,000
ROBIN AVERETT
PO BOX 117, MINEOLA, TX 75773
Trustee0$0
FREDA MADSEN
PO BOX 117, MINEOLA, TX 75773
Vice Chairman0$0
Jerry Phillips
PO BOX 117, MINEOLA, TX 75773
Trustee0$0
Joe Williams
PO BOX 117, Mineola, TX 75773
Sec/Treasurer0$0
BOB SMITH
PO BOX 117, MINEOLA, TX 75773
Chairman0$0

Address and contacts

Address (IRS master file)
PO BOX 117, MINEOLA, TX 75773-0117
Signed the 990-PF
BOB SMITH, Chairman
Phone
(903) 569-5520
Return prepared by
HENRY & PETERS PC

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, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
75-6024469
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
1965
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$23,662,953
Income (IRS master file)
$4,699,019

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024–––IRS
990-TDecember 2024–––IRS
990-PFDecember 2023$1,509,512$1,639,182$21,684,954IRS
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2018–––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 MEREDITH FOUNDATION

What is the EIN of MEREDITH FOUNDATION?
The employer identification number (EIN) of MEREDITH FOUNDATION is 75-6024469.
Is MEREDITH FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1965.
Are donations to MEREDITH FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does MEREDITH FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of MEREDITH 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 MEREDITH 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 MEREDITH FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $56,000 (ABBY HOOTEN, SECRETARY).
How much revenue does MEREDITH FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $3,400,170, expenses of $1,460,133 and total assets of $23,662,953 at year end.

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