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Nonprofit · EIN 84-5012797

WEDGE FOUNDATION INC

Tax-exempt · LOUISVILLE, KY 40207

Financials

$552K$1.1M2023$365K$784K2024
Revenue Expenses · by fiscal year end
Financials of WEDGE FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$365,121$783,616-$418,495$3,757,948$131,522$3,626,426
December 31, 2023990-PF$552,318$1,074,683-$522,365$4,158,941$281,556$3,877,385
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$58,493
Interest
$3
Net rental income
-$51,112
Net gain from sales of assets
$38,179
Other income
-$12,890

Expenses

Grants and similar amounts paid
$211,698
Compensation of officers, directors and key employees
$206,000
Disbursements for charitable purposes
$211,698
Excise tax on investment income
$228

Balance sheet and other

Total assets, start of year
$4,158,941
Total assets, end of year
$3,757,948
Total liabilities, end of year
$131,522
Net assets, end of year
$3,626,426
Fair market value of assets
$4,097,140
Qualifying distributions
$211,698
Net investment income
$378,011

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.

NameTitleHours / weekCompensation
PAUL WEDGE III
104 INDIAN HILLS TRAIL, LOUISVILLE, KY 40207
PRESIDENT0$126,000
PAUL WEDGE
1767 CHESTNUT ST, BOWLING GREEN, KY 42101
DIRECTOR0$40,000
JODY WEDGE
104 INDIAN HILLS TRAIL, LOUISVILLE, KY 40207
DIRECTOR0$36,000
BAYLOR WEDGE
104 INDIAN HILLS TRAIL, LOUISVILLE, KY 40207
DIRECTOR0$2,000
LILLY WEDGE
104 INDIAN HILLS TRAIL, LOUISVILLE, KY 40207
DIRECTOR0$2,000
990-PF for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
PAUL WEDGE III
104 INDIAN HILLS TRAIL, LOUISVILLE, KY 40207
PRESIDENT2$126,000
PAUL WEDGE
1767 CHESTNUT ST, BOWLING GREEN, KY 42101
DIRECTOR0$120,000
JODY WEDGE
104 INDIAN HILLS TRAIL, LOUISVILLE, KY 40207
DIRECTOR0$36,000
BAYLOR WEDGE
104 INDIAN HILLS TRAIL, LOUISVILLE, KY 40207
DIRECTOR0$2,000
LILLY WEDGE
104 INDIAN HILLS TRAIL, LOUISVILLE, KY 40207
DIRECTOR0$2,000

Address and contacts

Address (IRS master file)
104 INDIAN HILLS TRL, LOUISVILLE, KY 40207-1504
Signed the 990-PF
PAUL WEDGE III, PRESIDENT
Phone
(502) 291-6503
Return prepared by
MAIER TAX & ADVISORY PLLC

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, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
84-5012797
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
2020
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$3,757,948
Income (IRS master file)
$702,846

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$365,121$783,616$3,757,948XML
990-PFDecember 2023$552,318$1,074,683$4,158,941XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––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 84-5012797).

Questions about WEDGE FOUNDATION INC

What is the EIN of WEDGE FOUNDATION INC?
The employer identification number (EIN) of WEDGE FOUNDATION INC is 84-5012797.
Is WEDGE FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
Are donations to WEDGE FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does WEDGE FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of WEDGE FOUNDATION INC 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 WEDGE FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of WEDGE FOUNDATION INC?
The 990-PF for the year ended December 31, 2024 lists 5 people; 5 received compensation from the organization, the highest $126,000 (PAUL WEDGE III, PRESIDENT).
How much revenue does WEDGE FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $365,121, expenses of $783,616 and total assets of $3,757,948 at year end.

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