Nonprofit · EIN 76-0698305
RICHARD C ASHLEY FOUNDATION
Tax-exempt · GALVESTON, TX 77550
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $311,282 | $320,304 | -$9,022 | $3,901,184 | $0 | $3,901,184 |
| December 31, 2024 | 990-PF | $1,231,674 | $129,858 | $1,101,816 | $3,630,122 | $0 | $3,630,122 |
| December 31, 2023 | 990-PF | $228,933 | $166,806 | $62,127 | $3,319,369 | $0 | $3,319,369 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,505
- Dividends
- $99,948
- Interest
- $27
- Net gain from sales of assets
- $208,802
Expenses
- Grants and similar amounts paid
- $276,200
- Disbursements for charitable purposes
- $276,200
- Excise tax on investment income
- $3,802
Balance sheet and other
- Total assets, start of year
- $3,630,122
- Total assets, end of year
- $3,901,184
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,901,184
- Fair market value of assets
- $3,901,184
- Qualifying distributions
- $276,200
- Net investment income
- $308,777
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Richard C Ashley 500 Seawall Blvd 1210, Galveston, TX 77550 | Trustee | 0 | $0 |
| Rita Ashley 500 Seawall Blvd 1210, Galveston, TX 77550 | Trustee | 2 | $0 |
| Gina Buntin 500 Seawall Blvd 1210, Galveston, TX 77550 | Trustee | 1 | $0 |
| Angelena Culotta 500 Seawall Blvd 1210, Galveston, TX 77550 | Trustee | 1 | $0 |
990-PF for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Richard C Ashley 500 Seawall Blvd 1210, Galveston, TX 77550 | Trustee | 4 | $0 |
| Rita Ashley 500 Seawall Blvd 1210, Galveston, TX 77550 | Trustee | 0 | $0 |
990-PF for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Richard C Ashley 2208 Post Office St Apt 403, Galveston, TX 77550 | Trustee | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 500 SEAWALL BLVD UNIT 1210, GALVESTON, TX 77550-5778
- In care of
- % RICHARD C ASHLEY
- Signed the 990-PF
- Rita Ashley, Trustee
- Phone
- (409) 656-2632
- Return prepared by
- Wathen DeShong & Juncker 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 | 990-PF 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
- 76-0698305
- 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
- 2002
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $3,901,184
- Income (IRS master file)
- $6,093,451
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $311,282 | $320,304 | $3,901,184 | IRS |
| 990-PF | December 2024 | $1,231,674 | $129,858 | $3,630,122 | XML |
| 990-PF | December 2023 | $228,933 | $166,806 | $3,319,369 | 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 76-0698305).
Questions about RICHARD C ASHLEY FOUNDATION
- What is the EIN of RICHARD C ASHLEY FOUNDATION?
- The employer identification number (EIN) of RICHARD C ASHLEY FOUNDATION is 76-0698305.
- Is RICHARD C ASHLEY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to RICHARD C ASHLEY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does RICHARD C ASHLEY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of RICHARD C ASHLEY 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 RICHARD C ASHLEY 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 RICHARD C ASHLEY FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does RICHARD C ASHLEY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $311,282, expenses of $320,304 and total assets of $3,901,184 at year end.
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