Nonprofit · EIN 80-0743170
NEEDS FOUNDATION
Tax-exempt (reinstated) · EDMOND, OK 73012
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,455,370 | $665,440 | $789,930 | $4,717,389 | $2,101,389 | $2,616,000 |
| December 31, 2023 | 990 | $1,168,812 | $749,922 | $418,890 | $4,717,389 | $2,101,389 | $2,616,000 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,455,370
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $15,000
- Accounting fees
- $414,000
- Occupancy
- $31,099
- Program services (functional)
- $665,440
Balance sheet and other
- Total assets, start of year
- $4,717,389
- Total assets, end of year
- $4,717,389
- Total liabilities, end of year
- $2,101,389
- Net assets, end of year
- $2,616,000
- Net assets without donor restrictions
- $2,616,000
- Gross receipts
- $1,455,370
- Employees
- 0
- Volunteers
- 30
- Year formed
- 2020
- State of legal domicile
- OK
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Joseph Abbo | CEO Trustee or director, Key employee | 40 | $60,000 |
| Amber Daniel | Executive Secretary Trustee or director, Key employee | 40 | $60,000 |
| Kamden Slaughter | WAREHOUSE MANAGER Trustee or director, Key employee | 40 | $60,000 |
| Edward White | Executive Director Trustee or director, Officer | 40 | $60,000 |
| Alvin Lee | CDL DRIVER Officer, Key employee | 40 | $60,000 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Joseph Abbo | CEO Trustee or director, Key employee | 60 | $70,000 |
| Amber Daniel | Executive Director of Operations Trustee or director, Key employee | 40 | $60,000 |
| Elmer Cantarero | Manager of Operations Key employee | 0 | $60,000 |
| Maria Martinez | Employee Key employee | 0 | $47,000 |
| Scott Rogers | Employee Former | 40 | $45,000 |
| Edward White | CFO Trustee or director, Officer | 35 | $35,000 |
| Heather Rogers | Employee Former | 20 | $23,000 |
Address and contacts
- Address (IRS master file)
- 3233 NW 177TH ST, EDMOND, OK 73012-9056
- In care of
- % JOSEPH ABBO
- Mailing address (990-N for 2017)
- PO BOX 1486, EDMOND OK 73083
- Principal officer (990 for 2024)
- JOSEPH ABBO, NW 177TH ST, EDMOND, OK 73012
- Principal officer (990-N for 2017)
- JOSEPH ABBO, PO BOX 1486, EDMOND OK 73083
- Signed the 990
- Joseph Abbo, Principal Officer
- Phone
- (405) 245-5553
- Website
- WWW.NEEDSFOUNDATION.ORG
Mission
We collected over 1 million lbs of food this year and distributed to partner agencies.
Program accomplishments
- Collecting and distributing food donations from distribution center, 3 to 5 times per week, Expenses include truck and fuelExpenses $665,440
- Corporate sponsorships0
- Fundraiser0
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 80-0743170
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Food, agriculture and nutrition (K30)
- Assets (IRS master file)
- $4,717,389
- Income (IRS master file)
- $1,455,370
Revocation and reinstatement
- Exemption revoked
- May 15, 2021
- Posted by the IRS
- October 11, 2021
- Reinstated
- Effective February 15, 2023
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,455,370 | $665,440 | $4,717,389 | XML |
| 990 | December 2023 | $1,168,812 | $749,922 | $4,717,389 | XML |
| 990-N for 2017 Officer: JOSEPH ABBO | December 31, 2017 | ≤ $50,000 receipts | – | – | e-Postcard |
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 80-0743170).
Questions about NEEDS FOUNDATION
- What is the EIN of NEEDS FOUNDATION?
- The employer identification number (EIN) of NEEDS FOUNDATION is 80-0743170.
- Is NEEDS FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2021 and reinstated it effective February 15, 2023.
- Are donations to NEEDS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEEDS FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEEDS 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 NEEDS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NEEDS FOUNDATION?
- The 990 for the year ended December 31, 2024 names JOSEPH ABBO.
- Who are the officers and directors of NEEDS FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 5 received compensation from the organization, the highest $60,000 (Joseph Abbo, CEO).
- How much revenue does NEEDS FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,455,370, expenses of $665,440 and total assets of $4,717,389 at year end.
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All nonprofits in EDMOND · Oklahoma · Food, agriculture and nutrition