Nonprofit · EIN 82-2642826
TERROM ARMSTEAD FOUNDATION
Tax-exempt (reinstated) · MCKINNEY, TX 75070
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $178,695 | $208,572 | -$29,877 | $57,610 | $22,567 | $35,043 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $176,400
- Net rental income
- $2,295
Expenses
- Grants and similar amounts paid
- $3,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $200,457
Balance sheet and other
- Total assets, start of year
- $79,457
- Total assets, end of year
- $57,610
- Total liabilities, end of year
- $22,567
- Net assets, end of year
- $35,043
- Fair market value of assets
- $57,610
- Qualifying distributions
- $200,457
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERRON ARMSTEAD 5905 WESTON DR, MCKINNEY, TX 75070 | PRESIDENT | 1 | $0 |
| KIMIANTE BROWN 1169 STONEWOLF TRAIL, FAIRVIEW HEIGHTS, IL 62208 | VICE-PRESIDENT | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 5905 WESTON DR, MCKINNEY, TX 75070-4545
- In care of
- % TERRON ARMSTEAD
- Mailing address (990-N for 2018)
- 1169 Stonewolf Trail, Fairview Heights IL 62208
- Principal officer (990-N for 2018)
- Terron Armstead, 28 CYCAS, kENNER LA 70065
- Signed the 990-PF
- TERRON ARMSTEAD, PRESIDENT
- Phone
- (618) 207-8413
- Website
- TERRONARMSTEAD.COM
- Return prepared by
- FREIDEL & ASSOCIATES LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 82-2642826
- 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
- 2025
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Youth development (O12)
- Assets (IRS master file)
- $57,610
- Income (IRS master file)
- $178,695
Revocation and reinstatement
- Exemption revoked
- May 15, 2022
- Posted by the IRS
- August 8, 2022
- Reinstated
- Effective May 15, 2022
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $178,695 | $208,572 | $57,610 | XML |
| 990-N for 2018 Officer: Terron Armstead | December 31, 2018 | ≤ $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 82-2642826).
Questions about TERROM ARMSTEAD FOUNDATION
- What is the EIN of TERROM ARMSTEAD FOUNDATION?
- The employer identification number (EIN) of TERROM ARMSTEAD FOUNDATION is 82-2642826.
- Is TERROM ARMSTEAD FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2022 and reinstated it effective May 15, 2022.
- Are donations to TERROM ARMSTEAD FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does TERROM ARMSTEAD FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of TERROM ARMSTEAD 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 TERROM ARMSTEAD FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who is the principal officer of TERROM ARMSTEAD FOUNDATION?
- The 990-N for 2018 names Terron Armstead.
- Who are the officers and directors of TERROM ARMSTEAD FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does TERROM ARMSTEAD FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $178,695, expenses of $208,572 and total assets of $57,610 at year end.
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