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Nonprofit · EIN 81-3881937

OLNEY EDUCATION FOUNDATION

Tax-exempt · OLNEY, TX 76374

Financials

$114K$54K2025
Revenue Expenses · by fiscal year end
Financials of OLNEY EDUCATION FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$113,664$53,870$59,794$806,714$0$806,714
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$90,351
Program service revenue
$0
Investment income
$23,313
Other revenue
$0

Expenses

Grants and similar amounts paid
$40,739
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Occupancy
$10,000
Program services (functional)
$53,501
Fundraising (functional)
$369

Balance sheet and other

Total assets, start of year
$746,920
Total assets, end of year
$806,714
Total liabilities, end of year
$0
Net assets, end of year
$806,714
Net assets without donor restrictions
$806,714
Gross receipts
$113,664
Employees
0
Volunteers
12
Year formed
2025
State of legal domicile
TX

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, 2025, highest compensation first.

NameTitleHours / weekCompensation
Kelly MahlerChairman
Trustee or director, Officer
5$0
Sherry AltmillerSecretary
Trustee or director, Officer
3$0
Jennifer LaneDirector
Trustee or director
1$0
Debbie ShelleyDirector
Trustee or director
1$0
Summer BranumPresident
Trustee or director, Officer
4$0
Matt CaffeyDirector
Trustee or director
1$0
Kendall MontgomeryDirector
Trustee or director
1$0
Mark McClellandFinance Officer
Trustee or director, Officer
3$0

Address and contacts

Address (IRS master file)
PO BOX 68, OLNEY, TX 76374-0068
Principal officer (990 for 2025)
Kelly Mahler, PO Box 68, Olney, TX 76374
Signed the 990
Kelly Mahler, Chairman
Phone
(940) 564-6037
Return prepared by
LUKERT MAYERS WIDNER & CO PC

Mission

The Olney Education Foundation was organized for educational and charitable purposes for the benefit of the Olney Independent School District, focused on advancement of the post-secondary educational pursuits of OISD students and alumni.

990 for the year ended December 31, 2025

Program accomplishments

  • Provide scholarships to high school students from underprivileged backgrounds to reduce financial barriers to higher education. Scholarships range from $2,500 - $10,000 per year; renewable for up to 8 semesters and support tuition, housing deposits, textbooks, laptops and other related expenses. Annually 4-6 scholarships are awarded, supporting 18-24 students at various stages of their education.
    Expenses $47,120 · grants $40,739
  • Provide mentorship to high school students. Mentors invest 50-90 hours per student guiding them through college preparation and early college transitions, including assistance with the college application process, FAFSA applications, degree planning, transportation assistance, and campus visits.
    Expenses $6,381

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025No data
2023December 31, 2023May 15, 2024No data

IRS record

EIN
81-3881937
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
2025
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$806,714
Income (IRS master file)
$113,664

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about OLNEY EDUCATION FOUNDATION

What is the EIN of OLNEY EDUCATION FOUNDATION?
The employer identification number (EIN) of OLNEY EDUCATION FOUNDATION is 81-3881937.
Is OLNEY EDUCATION FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
Are donations to OLNEY EDUCATION FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does OLNEY EDUCATION 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 OLNEY EDUCATION FOUNDATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did OLNEY EDUCATION FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of OLNEY EDUCATION FOUNDATION?
The 990 for the year ended December 31, 2025 names Kelly Mahler.
Who are the officers and directors of OLNEY EDUCATION FOUNDATION?
The 990 for the year ended December 31, 2025 lists 8 people; 0 received compensation from the organization.
How much revenue does OLNEY EDUCATION FOUNDATION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $113,664, expenses of $53,870 and total assets of $806,714 at year end.

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