Nonprofit · EIN 81-0619100
KIT FARAGHER FOUNDATION
Tax-exempt · DENVER, CO 80212
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $58,713 | $57,874 | $839 | $502,764 | $98,878 | $403,886 |
| December 31, 2023 | 990-EZ | $46,154 | $38,975 | $7,179 | $489,740 | $86,689 | $403,051 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $26,974
- Program service revenue
- $0
- Investment income
- $31,739
- Net gain from sales of assets
- $18,808
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $49,313
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,699
- Program services (functional)
- $49,313
- Management and general (functional)
- $8,561
Balance sheet and other
- Total assets, start of year
- $489,740
- Total assets, end of year
- $502,764
- Total liabilities, end of year
- $98,878
- Net assets, end of year
- $403,886
- Publicly traded securities
- $424,314
- Net assets without donor restrictions
- $403,886
- Gross receipts
- $180,705
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2003
- State of legal domicile
- CO
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 |
|---|---|---|---|
| BETH ANN FARAGHER | President & CEO Trustee or director, Officer | 4 | $0 |
| MICHAEL MCCASLAND | Treasurer Trustee or director, Officer | 2 | $0 |
| WILLIAM E FARAGHER JR | Director Trustee or director | 2 | $0 |
| MARY FARAGHER WATERMAN | Vice President Trustee or director, Officer | 2 | $0 |
| TAYLOR HALAGAN | Secretary Trustee or director, Officer | 2 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BETH ANN FARAGHER | President & CEO | 4 | $0 |
| MICHAEL MCCASLAND | Treasurer | 2 | $0 |
| WILLIAM E FARAGHER JR | Director | 2 | $0 |
| MARY FARAGHER WATERMAN | Vice President | 2 | $0 |
| TAYLOR HALAGAN | Secretary | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 12440, DENVER, CO 80212-0440
- In care of
- % BETH FARAGHER
- Principal officer (990 for 2024)
- BETH ANN FARAGHER, PO BOX 12440, DENVER, CO 80212
- Signed the 990
- BETH ANN FARAGHER, President
- Phone
- (303) 322-4922
- Website
- kitfaragherfoundation.org
- Return prepared by
- Michael P Merrion PC
Mission
GRANT SCHOLARSHIPS AND EDUCATIONAL ASSISTANCE TO COLORADO AND OHIO STUDENTS IN NEED OF FINANCIAL ASSISTANCE FOR COLLEGE.
Program accomplishments
- IN 2024 SCHOLARSHIPS TOTALING $44,313.00 WERE AWARDED TO STUDENTS SELECTED BY THE SELECTION COMMITTEE AS THE MOST DESERVING APPLICANTS. OF THAT AMOUNT $21,813.00 WAS PAID DURING 2024, AS WELL AS AN ADDITIONAL AMOUNT OF $27,500.00 FOR SCHOLARSHIPS AWARDED IN PRIOR YEARS. THESE GRANTS INCLUDED ASSISTANCE STIPENDS IN THE AMOUNT OF $500 GRANTED TO TWO STUDENTS IN 2024 AND A THIRD GRANT TO ANOTHER STUDENT IN THE AMOUNT OF $2,500. IN ALL, EDUCATIONAL GRANT DISTRIBTIONS IN 2024 TOTALED $49,313. ALL SCHOLARSHIP AMOUNTS ARE PAID DIRECTLY TO THE COLLEGES SELECTED BY THE RECIPIENTS. ASSISTANCE STIPENDS ARE PAID TO THE STUDENT AWARDED THE GRANT. SEE ATTACHED SCHEDULE FOR ADDITIONAL DETAIL.Expenses $49,313 · grants $49,313
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-EZ on file |
IRS record
- EIN
- 81-0619100
- 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
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $502,764
- Income (IRS master file)
- $180,705
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $58,713 | $57,874 | $502,764 | XML |
| 990-EZ | December 2023 | $46,154 | $38,975 | $489,740 | XML |
| 990 | December 2022 | $40,037 | $37,441 | $435,702 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-EZ | December 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 81-0619100).
Questions about KIT FARAGHER FOUNDATION
- What is the EIN of KIT FARAGHER FOUNDATION?
- The employer identification number (EIN) of KIT FARAGHER FOUNDATION is 81-0619100.
- Is KIT FARAGHER FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to KIT FARAGHER FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KIT FARAGHER 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 KIT FARAGHER 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 KIT FARAGHER 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 KIT FARAGHER FOUNDATION?
- The 990 for the year ended December 31, 2024 names BETH ANN FARAGHER.
- Who are the officers and directors of KIT FARAGHER FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does KIT FARAGHER FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $58,713, expenses of $57,874 and total assets of $502,764 at year end.
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