Nonprofit · EIN 82-2110191
PAPAS LEGACY FOUNDATION
Tax-exempt · ELKHORN, NE 68022
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $249 | $5,650 | -$5,401 | $5,960 | – | $5,960 |
| December 31, 2023 | 990-EZ | $6,083 | $650 | $5,433 | $11,361 | $0 | $11,361 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $95
- Other revenue
- $154
Expenses
- Grants and similar amounts paid
- $5,000
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $650
- Program services (functional)
- $5,650
Balance sheet and other
- Total assets, start of year
- $11,361
- Total assets, end of year
- $5,960
- Total liabilities, end of year
- –
- Net assets, end of year
- $5,960
- Cash, savings and investments
- $5,960
- Gross receipts
- $249
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Rakshanda Layeequr Rahman | President | 5 | $0 |
| Marcus Rahman | Director | 5 | $0 |
| Debbie Miller | Director | 1 | $0 |
990-EZ for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RAKHSHANDA LAYEEQUR RAHMAN | PRESIDENT | 5 | $0 |
| MARCUS RAHMAN | DIRECTOR | 5 | $0 |
| ANGELA KNAPP | DIRECTOR | 1 | $0 |
| ALI NAZIM KHAN | DIRECTOR | 1 | $0 |
| DEBBIE MILLER | DIRECTOR | 1 | $0 |
| SHARON FELTS | DIRECTOR | 1 | $0 |
| DONEICE RAY | DIRECTOR | 1 | $0 |
| STEVE PAIR | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1402 N 196TH ST, ELKHORN, NE 68022-6408
- Signed the 990-EZ
- Rakshanda Layeequr Rahman, President
- Phone
- (806) 679-2890
- Return prepared by
- Prizer & Flores Certified Public Accountants
Mission
PROVIDE YOUNG ADULTS WITH FINANCIAL ASSISTANCE THAT WILL ALLOW THE INDIVIDUAL TO FURTHER DEVELOP THEIR LEADERSHIP SKILLS.
Program accomplishments
- PROVIDE YOUNG ADULTS WITH FINANCIAL ASSISTANCE THAT WILL ALLOW THE INDIVIDUAL TO FURTHER DEVELOP THEIR LEADERSHIP SKILLS.Expenses $5,650
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 82-2110191
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $5,960
- Income (IRS master file)
- $249
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $249 | $5,650 | $5,960 | XML |
| 990-EZ | December 2023 | $6,083 | $650 | $11,361 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | 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 82-2110191).
Questions about PAPAS LEGACY FOUNDATION
- What is the EIN of PAPAS LEGACY FOUNDATION?
- The employer identification number (EIN) of PAPAS LEGACY FOUNDATION is 82-2110191.
- Is PAPAS LEGACY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to PAPAS LEGACY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PAPAS LEGACY FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of PAPAS LEGACY 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 PAPAS LEGACY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of PAPAS LEGACY FOUNDATION?
- The 990-EZ for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does PAPAS LEGACY FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $249, expenses of $5,650 and total assets of $5,960 at year end.
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