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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 83-1818513

ASHCRAFT TRUST FUND ONE

Also known as ASHCRAFT SOUTH LAMAR SCHOLARSHIP TR

Tax-exempt · TUSCALOOSA, AL 35405

Financials

$0$17K2023$4K$18K2024$5K$23K2025
Revenue Expenses · by fiscal year end
Financials of ASHCRAFT TRUST FUND ONE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$5,471$22,746-$17,275$477,440$44,374$433,066
December 31, 2024990-PF$3,946$17,998-$14,052$302,404$0$302,404
December 31, 2023990-PF$0$17,140-$17,140$316,456$0$316,456
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Dividends
$5,448
Interest
$6
Net gain from sales of assets
$17

Expenses

Grants and similar amounts paid
$15,750
Excise tax on investment income
$34

Balance sheet and other

Total assets, start of year
$450,341
Total assets, end of year
$477,440
Total liabilities, end of year
$44,374
Net assets, end of year
$433,066
Net investment income
$2,465

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, 2025, highest compensation first.

NameTitleHours / weekCompensation
PENNY DAVIS
501 HAY MARKET LANE, Tuscaloosa, AL 35405
DIRECTOR0$0
FRED R SALVAGE
PO BOX 129, Kennedy, AL 35574
DIRECTOR0$0
MELISSA DAVIS
1601 BAYBERRY CIRCLE, Tuscaloosa, AL 35405
DIRECTOR0$0
990-PF for the year ended December 31, 2024: 3 people
NameTitleHours / weekCompensation
PENNY DAVIS
501 HAY MARKET LANE, TUSCALOOSA, AL 35405
DIRECTOR0$0
FRED R SALVAGE
P O BOX 219, KENNEDY, AL 35574
DIRECTOR0$0
MELISSA DAVIS
1601 BAYBERRY CIRCLE, TUSCALOOSA, AL 35405
DIRECTOR0$0
990-PF for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
PENNY DAVIS
501 HAY MARKET LANE, TUSCALOOSA, AL 35405
DIRECTOR0$0
FRED R SALVAGE
P O BOX 219, KENNEDY, AL 35574
DIRECTOR0$0
MELISSA DAVIS
1601 BAYBERRY CIRCLE, TUSCALOOSA, AL 35405
DIRECTOR0$0

Address and contacts

Address (IRS master file)
501 HAY MARKET LN, TUSCALOOSA, AL 35405-9734
In care of
% PENNY DAVIS
Signed the 990-PF
PENNY DAVIS, DIRECTOR
Phone
(205) 394-9739
Return prepared by
Don Wallace CPA PC

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
83-1818513
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
2019
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$477,440
Income (IRS master file)
$5,454

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$5,471$22,746$477,440XML
990-PFDecember 2024$3,946$17,998$302,404XML
990-PFDecember 2023$0$17,140$316,456XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2016–––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 83-1818513).

Questions about ASHCRAFT TRUST FUND ONE

What is the EIN of ASHCRAFT TRUST FUND ONE?
The employer identification number (EIN) of ASHCRAFT TRUST FUND ONE is 83-1818513.
Is ASHCRAFT TRUST FUND ONE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
Are donations to ASHCRAFT TRUST FUND ONE tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does ASHCRAFT TRUST FUND ONE file?
Form 990-PF. Private foundations file every year.
When is the next return of ASHCRAFT TRUST FUND ONE 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 ASHCRAFT TRUST FUND ONE last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2025.
Who are the officers and directors of ASHCRAFT TRUST FUND ONE?
The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
How much revenue does ASHCRAFT TRUST FUND ONE have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $5,471, expenses of $22,746 and total assets of $477,440 at year end.

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