Nonprofit · EIN 81-4425776
BOOMERS COLLABORATIVE FOUNDATION
Tax-exempt · AUSTIN, TX 78723
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $62,159 | $13,083 | $49,076 | $53,129 | $376 | $52,753 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $60,000
- Membership dues
- $1,510
- Program service revenue
- $0
- Investment income
- $6
- Net income from fundraising events
- $643
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $5,000
- Salaries, compensation and benefits (total)
- $5,090
- Professional fees and payments to contractors
- $5,607
- Printing, publications and postage
- $242
- Other expenses
- $2,144
- Program services (functional)
- $4,926
Balance sheet and other
- Total assets, start of year
- $3,677
- Total assets, end of year
- $53,129
- Total liabilities, end of year
- $376
- Net assets, end of year
- $52,753
- Cash, savings and investments
- $53,129
- Gross receipts
- $62,159
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Carol Lilly | Founder/President; Acting Treasurer; Director | 35 | $5,000 |
| Chad Wallace | Vice President; Director | 0.5 | $0 |
| Anna Buchanan | Secretary; Director | 1 | $0 |
| Dallas Richard | Director; Communications | 2 | $0 |
| Dave Berndt | Director; Compliance | 0.5 | $0 |
| Lucas Franz | Director; Attorney of Record | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 2604 ALDRICH STREET SUITE 3-139, AUSTIN, TX 78723-3484
- In care of
- % CAROL LILLY
- Mailing address (990-N for 2024)
- 2604 ALDRICH APT 139, AUSTIN TX 78723
- Principal officer (990-N for 2024)
- CAROL LILLY, 2604 ALDRICH APT 139, AUSTIN TX 78723
- Signed the 990-EZ
- Carol Lilly, President & Acting Treasurer
- Phone
- (512) 626-7728
Mission
We advocate for mixed-use, shared-equity housing for seniors within urban Equitable Transit-Oriented Developments (ETODs) or other walkable urban village settings. We inform the public about the limited-equity cooperative housing model-its benefits to seniors and value to society-and how it addresses the affordable housing, urban mobility, social isolation, and ongoing economic opportunity needs of the many seniors at risk of outliving their savings. We actively pursue the development of and participation in a demonstration project.
Program accomplishments
- In 2025, Boomers Collaborative Foundation substantially advanced its charitable and educational work to support development of a mixed-use, shared-equity housing model for seniors in urban Equitable Transit-Oriented Developments (ETODs) and other walkable urban village settings. BCF participated in the second year of the Community Land Trust Accelerator and received a $60,000 year-end grant to complete a market study for its proposed senior limited-equity housing cooperative model. Before year-end, BCF completed the data collection phase for the study, including outreach and engagement needed to assess community interest, prospective member demand, and the model's relevance to seniors at risk of outliving their savings. BCF also continued public education, stakeholder engagement, and project planning related to limited-equity cooperative housing. This included informing prospective members, community partners, housing stakeholders, public officials, and interested members of the public about the benefits of the model for seniors and its broader value in addressing affordable housing, urban mobility, social isolation, and ongoing economic opportunity. BCF maintained and used its website as a public education and communication platform for sharing information about the model, engaging prospective members and stakeholders, and supporting outreach related to the market study and demonstration-project framework. BCF refined its planning materials and continued developing the groundwork needed to move from concept validation toward a market-informed demonstration project. Because the grant was received near year-end, most market study expenses will be incurred in 2026.Expenses $4,926
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 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-N on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 81-4425776
- 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
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W99)
- Assets (IRS master file)
- $53,129
- Income (IRS master file)
- $62,159
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $62,159 | $13,083 | $53,129 | IRS |
| 990-N for 2024 Officer: CAROL LILLY | December 31, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2023 Officer: CAROL LILLY | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: CAROL A LILLY | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Carol Lilly | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Carol Lilly | December 31, 2019 | ≤ $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 81-4425776).
Questions about BOOMERS COLLABORATIVE FOUNDATION
- What is the EIN of BOOMERS COLLABORATIVE FOUNDATION?
- The employer identification number (EIN) of BOOMERS COLLABORATIVE FOUNDATION is 81-4425776.
- Is BOOMERS COLLABORATIVE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to BOOMERS COLLABORATIVE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BOOMERS COLLABORATIVE 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 BOOMERS COLLABORATIVE 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 BOOMERS COLLABORATIVE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of BOOMERS COLLABORATIVE FOUNDATION?
- The 990-N for 2024 names CAROL LILLY.
- Who are the officers and directors of BOOMERS COLLABORATIVE FOUNDATION?
- The 990-EZ for the year ended December 31, 2025 lists 6 people; 1 received compensation from the organization, the highest $5,000 (Carol Lilly, Founder/President; Acting Treasurer; Director).
- How much revenue does BOOMERS COLLABORATIVE FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $62,159, expenses of $13,083 and total assets of $53,129 at year end.
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