Nonprofit · EIN 85-0976407
ELBOW REEF FOUNDATION INC
Tax-exempt · ERLANGER, KY 41018
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $116,122 | $61,310 | $54,812 | $126,099 | $0 | $126,099 |
| December 31, 2024 | 990 | $104,819 | $110,987 | -$6,168 | $71,287 | $0 | $71,287 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $85,205
- Program service revenue
- $0
- Investment income
- $0
- Net income from fundraising events
- $30,917
- Other revenue
- $30,917
Expenses
- Grants and similar amounts paid
- $50,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $5,736
- Program services (functional)
- $50,832
- Management and general (functional)
- $10,340
- Fundraising (functional)
- $138
Balance sheet and other
- Total assets, start of year
- $71,287
- Total assets, end of year
- $126,099
- Total liabilities, end of year
- $0
- Net assets, end of year
- $126,099
- Net assets without donor restrictions
- $126,099
- Gross receipts
- $171,750
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2020
- State of legal domicile
- KY
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 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAURA GALLAGHER | PRESIDENT Trustee or director, Officer | – | $0 |
| HEATHER FORDE-PROSA | SECRETARY Trustee or director, Officer | – | $0 |
| JAMES W TIVY | TREASURER Trustee or director, Officer | – | $0 |
| MARI CHAMBERS | BOARD MEMBER Trustee or director | – | $0 |
| LETITIA McKIBBON | BOARD MEMBER Trustee or director | – | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAURA GALLAGHER | PRESIDENT Trustee or director, Officer | 35 | $0 |
| KENT LEBOUTILLIER | VICE PRESIDENT Trustee or director, Officer | 35 | $0 |
| HEATHER FORDE-PROSA | SECRETARY Trustee or director, Officer | 10 | $0 |
| JAMES W TIVY | TREASURER Trustee or director, Officer | 35 | $0 |
| LETITIA McKIBBON | BOARD MEMBER Trustee or director, Officer | 10 | $0 |
| NEIL ABERLE | ADVISOR Trustee or director, Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 3216 DIXIE HWY, ERLANGER, KY 41018-1828
- Mailing address (990-N for 2020)
- 700 SW 31st Street, Palm City FL 34990
- Principal officer (990 for 2025)
- LAURA GALLAGHER, 816 BAMBOO LANE, DELRAY BEACH, FL 33483
- Principal officer (990-N for 2020)
- ann w potts, 700 Southwest 31st Street, Palm City FL 34990
- Signed the 990
- JAMES W TIVY, TREASURER
- Phone
- (859) 431-0700
- Return prepared by
- CHAMBERLIN OWEN & CO INC
Mission
TO PRESERVE AND PROMOTE THE CULTURAL HERITAGE AND COMMUNITY SPACES OF ELBOW CAY, ABACO, BAHAMAS FOR THE BENEFIT OF RESIDENTS, THE NATION OF THE BAHAMS AND THE VISITING PUBLIC. OUR PRIMARY AREA OF FOCUS HAS BEEN TO SUPPORT THE ELBOW REEF LIGHTHOUSE SOCIETY IN ITS EFFORTS TO RESTORE AND MAINTAIN THE HISTORIC ELBOW REEF LIGHTHOUSE.
Program accomplishments
- SUPPORT OF THE ELBOW REEF LIGHTHOUSE SOCIETYExpenses $50,832 · grants $50,000
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 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-0976407
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A82)
- Assets (IRS master file)
- $126,099
- Income (IRS master file)
- $171,750
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | – | – | – | IRS |
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $203,737 | $240,339 | $77,455 | IRS |
| 990 | December 2022 | $501,003 | $433,442 | $114,057 | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: ann w potts | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about ELBOW REEF FOUNDATION INC
- What is the EIN of ELBOW REEF FOUNDATION INC?
- The employer identification number (EIN) of ELBOW REEF FOUNDATION INC is 85-0976407.
- Is ELBOW REEF FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to ELBOW REEF FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ELBOW REEF FOUNDATION INC 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 ELBOW REEF FOUNDATION INC 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 ELBOW REEF FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of ELBOW REEF FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names LAURA GALLAGHER.
- Who are the officers and directors of ELBOW REEF FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does ELBOW REEF FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $116,122, expenses of $61,310 and total assets of $126,099 at year end.
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