Nonprofit · EIN 81-3808376
DAVID AND TERRI@KESTER FOUNDATION INC
Tax-exempt · ASHEVILLE, NC 28803
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-PF | $150,095 | $450,832 | -$300,737 | $4,124,025 | $0 | $4,124,025 |
| June 30, 2024 | 990-PF | $198,860 | $349,158 | -$150,298 | $4,427,355 | $0 | $4,427,355 |
| June 30, 2023 | 990-PF | $209,394 | $294,910 | -$85,516 | $4,579,571 | $0 | $4,579,571 |
Financial details: 990-PF for the year ended June 30, 2025
Revenue
- Dividends
- $155,533
- Net gain from sales of assets
- -$5,438
Expenses
- Grants and similar amounts paid
- $413,500
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $413,500
- Excise tax on investment income
- $1,782
Balance sheet and other
- Total assets, start of year
- $4,427,355
- Total assets, end of year
- $4,124,025
- Total liabilities, end of year
- $0
- Net assets, end of year
- $4,124,025
- Fair market value of assets
- $5,995,750
- Qualifying distributions
- $413,500
- Net investment income
- $155,533
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID KESTER 54 CEDAR HILL DRIVE, ASHEVILLE, NC 28803 | PRESIDENT | 3 | $0 |
| THERESA KESTER 54 CEDAR HILL DRIVE, ASHEVILLE, NC 28803 | VICE-PRESIDENT | 2 | $0 |
| RACHEL ANNE KESTER 1501 NC 97 HWY E, ZEBULON, NC 27597 | SECRETARY | 1 | $0 |
| JOSEPH ANDREW KESTER 1511 KENTMERE LANE, ASHEVILLE, NC 28803 | DIRECTOR | 1 | $0 |
| MICHAEL DAVID KESTER 2238 GLENN CANYON DR SE, CALEDONIA, MI 49316 | DIRECTOR | 1 | $0 |
990-PF for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID KESTER 54 CEDAR HILL DRIVE, ASHEVILLE, NC 28803 | PRESIDENT | 3 | $0 |
| THERESA KESTER 54 CEDAR HILL DRIVE, ASHEVILLE, NC 28803 | VICE-PRESIDENT | 2 | $0 |
| RACHEL ANNE KESTER 1501 NC 97 HWY E, ZEBULON, NC 27597 | SECRETARY | 1 | $0 |
| JOSEPH ANDREW KESTER 1511 KENTMERE LANE, ASHEVILLE, NC 28803 | DIRECTOR | 1 | $0 |
| MICHAEL DAVID KESTER 3644 COBBERFIELD CIRCLE SW APT 1, CALEDONIA, MI 49316 | DIRECTOR | 1 | $0 |
990-PF for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID KESTER 54 CEDAR HILL DRIVE, ASHEVILLE, NC 28803 | PRESIDENT | 3 | $0 |
| THERESA KESTER 54 CEDAR HILL DRIVE, ASHEVILLE, NC 28803 | VICE-PRESIDENT | 2 | $0 |
| RACHEL ANNE KESTER 1501 NC 97 HWY E, ZEBULON, NC 27597 | SECRETARY | 1 | $0 |
| JOSEPH ANDREW KESTER 1511 KENTMERE LANE, ASHEVILLE, NC 28803 | DIRECTOR | 1 | $0 |
| MICHAEL DAVID KESTER 3644 COBBERFIELD CIRCLE SW APT 1, CALEDONIA, MI 49316 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 54 CEDAR HILL DR, ASHEVILLE, NC 28803-3043
- In care of
- % DAVID KESTER
- Signed the 990-PF
- DAVID KESTER PRESIDENT, PRESIDENT
- Phone
- (919) 602-6176
- Return prepared by
- KAUFMAN ROSSIN & COPA
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-PF on file |
IRS record
- EIN
- 81-3808376
- 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
- 2017
- Accounting year ends
- June
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $4,124,025
- Income (IRS master file)
- $735,537
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2025 | $150,095 | $450,832 | $4,124,025 | IRS |
| 990-PF | June 2024 | $198,860 | $349,158 | $4,427,355 | XML |
| 990-PF | June 2023 | $209,394 | $294,910 | $4,579,571 | XML |
| 990-PF | June 2022 | – | – | – | IRS |
| 990-PF | June 2021 | – | – | – | IRS |
| 990-PF | June 2019 | – | – | – | 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 81-3808376).
Questions about DAVID AND TERRI@KESTER FOUNDATION INC
- What is the EIN of DAVID AND TERRI@KESTER FOUNDATION INC?
- The employer identification number (EIN) of DAVID AND TERRI@KESTER FOUNDATION INC is 81-3808376.
- Is DAVID AND TERRI@KESTER FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to DAVID AND TERRI@KESTER FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does DAVID AND TERRI@KESTER FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of DAVID AND TERRI@KESTER FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DAVID AND TERRI@KESTER FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2025.
- Who are the officers and directors of DAVID AND TERRI@KESTER FOUNDATION INC?
- The 990-PF for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does DAVID AND TERRI@KESTER FOUNDATION INC have?
- On its 990-PF for the year ended June 30, 2025 it reported revenue of $150,095, expenses of $450,832 and total assets of $4,124,025 at year end.
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