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Nonprofit · EIN 85-1972946

ISSAC STERETT ADVENTURE FOUNDATION COMPANY

Tax-exempt · OWENSBORO, KY 42304

Financials

$938K$98K2023$131K$80K2024
Revenue Expenses · by fiscal year end
Financials of ISSAC STERETT ADVENTURE FOUNDATION COMPANY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$130,616$80,165$50,451$7,056,936$0$7,056,936
December 31, 2023990$937,714$97,913$839,801$6,888,658$0$6,888,658
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$109,977
Program service revenue
$0
Investment income
$16,438
Net rental income
$3,457
Net gain from sales of assets
$5,643
Net income from sales of inventory
$744
Other revenue
$4,201

Expenses

Grants and similar amounts paid
$54,902
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$5,280
Depreciation
$9,192
Program services (functional)
$80,165

Balance sheet and other

Total assets, start of year
$6,888,658
Total assets, end of year
$7,056,936
Total liabilities, end of year
$0
Net assets, end of year
$7,056,936
Land, buildings and equipment
$6,039,788
Publicly traded securities
$737,441
Gross unrelated business income
$744
Gross receipts
$340,076
Employees
0
Volunteers
250
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, 2024, highest compensation first.

NameTitleHours / weekCompensation
KYLE AUDDIRECTOR
Trustee or director
1$0
MALCOLM BRYANTDIRECTOR
Trustee or director
1$0
DIANE FORDDIRECTOR
Trustee or director
1$0
JD MEYERDIRECTOR
Trustee or director
1$0
CHRIS SPRINGERDIRECTOR
Trustee or director
1$0
JOHN YAGERDIRECTOR
Trustee or director
1$0
MAX STERETTDIRECTOR
Trustee or director
1$0
JULIA TIPMOREDIRECTOR
Trustee or director
24$0
WILLIAM L STERETT IIIFOUNDER, PRESIDENT
Officer
1$0
KATIE STERETTFOUNDER, DIRECTOR
Officer
1$0
KRISTI ISENBARGERSECRETARY
Officer
1$0
JOHN THOMAS HAYDENTREASURER
Officer
1$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensation
KYLE AUDDIRECTOR
Trustee or director
1$0
MALCOLM BRYANTDIRECTOR
Trustee or director
1$0
DIANE FORDDIRECTOR
Trustee or director
1$0
JD MEYERDIRECTOR
Trustee or director
1$0
CHRIS SPRINGERDIRECTOR
Trustee or director
1$0
WILL STERETTDIRECTOR
Trustee or director
1$0
JOHN YAGERDIRECTOR
Trustee or director
1$0
MAX STERETTDIRECTOR
Trustee or director
1$0
JULIA TIPMOREDIRECTOR
Trustee or director
10$0
WILLIAM L STERETT IIIFOUNDER, PRESIDENT
Officer
1$0
KATIE STERETTFOUNDER, DIRECTOR
Officer
1$0
KRISTI ISENBARGERSECRETARY
Officer
1$0

Address and contacts

Address (IRS master file)
PO BOX 22698, OWENSBORO, KY 42304-2698
In care of
% JOHN DAVID MEYER
Principal officer (990 for 2024)
KATIE STERETT, 4451 OLD HARTFORD RD, OWENSBORO, KY 42303
Signed the 990
KATIE STERETT, FOUNDER
Phone
(270) 663-1334
Return prepared by
EBELHAR WHITEHEAD PLLC

Mission

TO INSPIRE LIFE BALANCE BY OFFERING EXCEPTIONAL PROGRAMMING AND WORLD CLASS RECREATION FACILITIES. ENCOURAGE STRONG FAMILY VALUES, UPLUGGED SOCIAL INTERACTION, AND AN APPRECIATION FOR NATURE. OUR VISION IS TO PROMOTE THE WELL-BEING OF OUR COMMUNITY THROUGH HEALTHY LIFE BALANCE INITIATIVES.

990 for the year ended December 31, 2024

Program accomplishments

  • FINANCIAL ASSISTANCE PROVIDED FOR ACADEMIC TUITION FOR THOSE IN NEED
    Expenses $39,000 · grants $39,000
  • ISSAC DAY - WE HOST A FREE EVENT WHERE FAMILIES CAN COME ENJOY A FAMILY FUN DAY TO BE UNPLUGGED AND OUTSIDE.
    Expenses $551
  • WE HOST A FREE EVENT WHERE TEAMS COMPETE TO PICK UP THE MOST TRASH IN OUR CITY AND SURROUNDING COUNTIES IN EFFORT TO BEAUTIFY OUR COMMUNITY.
    Expenses $1,102
  • INSPIRE CHILDREN AND THEIR FAMILIES TO UNPLUG AND JOIN US IN THE GREAT OUTDOORS BOTH HERE IN OWENSBORO AND AWAY AT CAMPS, PARKS, AND NEW ADVENTURES. SPONSORSHIPS TO SEVERAL LOCAL NON-PROFIT ORGANIZATIONS INCLUDING SPECIFIC PROJECT PARTNERS.
    Expenses $39,512 · grants $15,902

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
85-1972946
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
2021
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P20)
Assets (IRS master file)
$7,056,936
Income (IRS master file)
$340,076

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$130,616$80,165$7,056,936XML
990-TDecember 2024–––IRS
990December 2023$937,714$97,913$6,888,658XML
990-TDecember 2023–––IRS
990December 2022$5,962,253$161,147$5,997,722IRS
990-EZDecember 2021–––IRS
990-EZDecember 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 85-1972946).

Questions about ISSAC STERETT ADVENTURE FOUNDATION COMPANY

What is the EIN of ISSAC STERETT ADVENTURE FOUNDATION COMPANY?
The employer identification number (EIN) of ISSAC STERETT ADVENTURE FOUNDATION COMPANY is 85-1972946.
Is ISSAC STERETT ADVENTURE FOUNDATION COMPANY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to ISSAC STERETT ADVENTURE FOUNDATION COMPANY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ISSAC STERETT ADVENTURE FOUNDATION COMPANY 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 ISSAC STERETT ADVENTURE FOUNDATION COMPANY 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 ISSAC STERETT ADVENTURE FOUNDATION COMPANY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of ISSAC STERETT ADVENTURE FOUNDATION COMPANY?
The 990 for the year ended December 31, 2024 names KATIE STERETT.
Who are the officers and directors of ISSAC STERETT ADVENTURE FOUNDATION COMPANY?
The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
How much revenue does ISSAC STERETT ADVENTURE FOUNDATION COMPANY have?
On its 990 for the year ended December 31, 2024 it reported revenue of $130,616, expenses of $80,165 and total assets of $7,056,936 at year end.

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