Nonprofit · EIN 81-1252682
THE TONEY FOUNDATION
Tax-exempt · NORTHVILLE, MI 48168
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $10,000 | $2,690 | $7,310 | $31,268 | $0 | $31,268 |
| December 31, 2023 | 990 | $40,425 | $22,440 | $17,985 | $23,958 | $0 | $23,958 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $10,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $690
- Program services (functional)
- $2,000
- Management and general (functional)
- $690
Balance sheet and other
- Total assets, start of year
- $23,958
- Total assets, end of year
- $31,268
- Total liabilities, end of year
- $0
- Net assets, end of year
- $31,268
- Net assets without donor restrictions
- $31,268
- Gross receipts
- $10,000
- Employees
- 0
- Year formed
- 2016
- State of legal domicile
- MI
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 |
|---|---|---|---|
| FREDERIEK TONEY | DIRECTOR Trustee or director, Officer | 0 | $0 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAJAL JAISWAL | SECRETARY Officer | 1 | $1,200 |
| FREDERIEK TONEY | DIRECTOR Trustee or director, Officer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 18125 PENINSULA WAY, NORTHVILLE, MI 48168-8496
- In care of
- % SAM MCCARTER
- Principal officer (990 for 2024)
- FREDERIEK TONEY, 18125 PENINSULA WAY, NORTHVILLE, MI 48168
- Signed the 990
- FREDERIEK TONEY, DIRECTOR
- Phone
- (313) 903-0931
- Return prepared by
- MONTGOMERY WIETHORN & BURKE PC
Mission
PLAN, ORGANIZE AND HOST AN ANNUAL GOLF EVENT TO RAISE FUNDS FOR CHARITABLE PURPOSES. NET PROCEEDS FROM THE GOLF EVENT WILL BE DISTRIBUTED TO EDUCATIOINAL ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)3 OF THE INTERNAL REVENUE CODE TO FUND SCHOLARSHIPS.
Program accomplishments
- CONTRIBUTION OF 1,000 TO THE WAYNE MCLAIN PIPELINE A 501C ENTITY PROVIDING MENTORSHIP, FITNESS AND TUTORING TO UNDERSERVED YOUTH. CONTRIBUTION OF 1,000 TO FRIENDS OF THE CHILDREN DETROIT A 501C ORGANIZATION SERVING HARDSHIP CHILDREN WITH MENTORING, COUNSELING AND TUTORING.Expenses $2,000 · grants $2,000
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
- 81-1252682
- 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
- 2016
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Recreation and sports (N6A)
- Assets (IRS master file)
- $31,268
- Income (IRS master file)
- $10,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $10,000 | $2,690 | $31,268 | XML |
| 990 | December 2023 | $40,425 | $22,440 | $23,958 | XML |
| 990 | December 2022 | $134,616 | $150,198 | $5,973 | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | 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 81-1252682).
Questions about THE TONEY FOUNDATION
- What is the EIN of THE TONEY FOUNDATION?
- The employer identification number (EIN) of THE TONEY FOUNDATION is 81-1252682.
- Is THE TONEY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to THE TONEY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE TONEY FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of THE TONEY 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 THE TONEY 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 THE TONEY FOUNDATION?
- The 990 for the year ended December 31, 2024 names FREDERIEK TONEY.
- Who are the officers and directors of THE TONEY FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
- How much revenue does THE TONEY FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $10,000, expenses of $2,690 and total assets of $31,268 at year end.
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