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Nonprofit · EIN 80-0188174

TERRY AND LAURIE LEDBETTER FOUNDATION

Tax-exempt · NORFOLK, VA 23510

Financials

$2.2M$3.7M2023$4.6M$2.1M2024
Revenue Expenses · by fiscal year end
Financials of TERRY AND LAURIE LEDBETTER FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$4,560,630$2,092,305$2,468,325$36,699,440$2,346$36,697,094
December 31, 2023990-PF$2,166,970$3,743,512-$1,576,542$32,984,344$42$32,984,302
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,755,847
Dividends
$804,413
Interest
$243,005
Net gain from sales of assets
$745,453
Other income
$11,912

Expenses

Grants and similar amounts paid
$1,450,000
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$267,550
Disbursements for charitable purposes
$1,796,358
Excise tax on investment income
$21,761

Balance sheet and other

Total assets, start of year
$32,984,344
Total assets, end of year
$36,699,440
Total liabilities, end of year
$2,346
Net assets, end of year
$36,697,094
Fair market value of assets
$36,699,440
Qualifying distributions
$1,796,358
Net investment income
$1,836,903

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
PAUL T PENLEY
3347 SPRINGRIDGE CIR, COLORADO SPRINGS, CO 80906
MANAGER
Highest-paid employee
40$226,550
TERRY L LEDBETTER
9362 Hollow Way, Dallas, TX 75220
CFO, DIRECTOR0$0
RETA L LEDBETTER
9362 Hollow Way, Dallas, TX 75220
PRESIDENT, DIRECTOR0$0
TERRY L LEDBETTER JR
9362 Hollow Way, Dallas, TX 75220
DIRECTOR0$0
BRADFORD L LEDBETTER
9362 Hollow Way, Dallas, TX 75220
DIRECTOR, SECRETARY0$0
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
TERRY L LEDBETTER
9362 Hollow Way, Dallas, TX 75220
CFO, DIRECTOR0$0
RETA L LEDBETTER
9362 Hollow Way, Dallas, TX 75220
PRESIDENT, DIRECTOR0$0
TERRY L LEDBETTER JR
9362 Hollow Way, Dallas, TX 75220
DIRECTOR0$0
BRADFORD L LEDBETTER
9362 Hollow Way, Dallas, TX 75220
DIRECTOR, SECRETARY0$0

Address and contacts

Address (IRS master file)
101 W MAIN ST STE 700, NORFOLK, VA 23510-1624
In care of
% BROWN ADVISORY
Signed the 990-PF
TERRY LEDBETTER, CFO
Phone
(757) 452-3127
Return prepared by
BENEDICT MCCABE LLC

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
80-0188174
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
2008
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$36,699,440
Income (IRS master file)
$14,679,667

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$4,560,630$2,092,305$36,699,440IRS
990-TDecember 2024–––IRS
990-PFDecember 2023$2,166,970$3,743,512$32,984,344XML
990-TDecember 2023–––IRS
990-PFDecember 2022–––IRS
990-TDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-TDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-TDecember 2020–––IRS
990-PFDecember 2019–––IRS
990-PFDecember 2018–––IRS
990-PFDecember 2017–––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 80-0188174).

Questions about TERRY AND LAURIE LEDBETTER FOUNDATION

What is the EIN of TERRY AND LAURIE LEDBETTER FOUNDATION?
The employer identification number (EIN) of TERRY AND LAURIE LEDBETTER FOUNDATION is 80-0188174.
Is TERRY AND LAURIE LEDBETTER FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
Are donations to TERRY AND LAURIE LEDBETTER FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does TERRY AND LAURIE LEDBETTER FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of TERRY AND LAURIE LEDBETTER 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 TERRY AND LAURIE LEDBETTER 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 TERRY AND LAURIE LEDBETTER FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $226,550 (PAUL T PENLEY, MANAGER).
How much revenue does TERRY AND LAURIE LEDBETTER FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $4,560,630, expenses of $2,092,305 and total assets of $36,699,440 at year end.

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