Nonprofit · EIN 85-6300108
CLAYTON AND ODESSA LANG OFSTAD FOUNDATION
Also known as ODESSA L OFSTAD TTEE
Tax-exempt · DALLAS, TX 75265
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $1,468,905 | $2,910,686 | -$1,441,781 | $43,997,141 | $0 | $43,997,141 |
| December 31, 2023 | 990-PF | $1,185,533 | $2,840,448 | -$1,654,915 | $45,491,565 | $0 | $45,491,565 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $1,122,532
- Net gain from sales of assets
- $345,797
- Other income
- $576
Expenses
- Grants and similar amounts paid
- $2,380,000
- Compensation of officers, directors and key employees
- $314,279
- Disbursements for charitable purposes
- $2,645,504
- Excise tax on investment income
- $16,222
Balance sheet and other
- Total assets, start of year
- $45,491,565
- Total assets, end of year
- $43,997,141
- Total liabilities, end of year
- $0
- Net assets, end of year
- $43,997,141
- Fair market value of assets
- $57,623,071
- Qualifying distributions
- $2,645,504
- Net investment income
- $1,433,308
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 |
|---|---|---|---|
| BANK OF AMERICA N A PO BOX 653067, DALLAS, TX 752653067 | TRUSTEE | 1 | $314,279 |
| ODESSA OFSTAD 872 COLLEGE PARK PL, KIRKSVILLE, MO 63501 | CO-TRUSTEE | 2 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BANK OF AMERICA N A PO BOX 653067, DALLAS, TX 752653067 | TRUSTEE | 1 | $276,667 |
| ODESSA OFSTAD 872 COLLEGE PARK PL, KIRKSVILLE, MO 63501 | CO-TRUSTEE | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 653067, DALLAS, TX 75265-3067
- Signed the 990-PF
- BANK OF AMERICA N A, MANAGING DIR
- Phone
- (888) 866-3275
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 | 990-PF on file |
IRS record
- EIN
- 85-6300108
- 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
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $43,997,141
- Income (IRS master file)
- $17,608,226
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $1,468,905 | $2,910,686 | $43,997,141 | XML |
| 990-PF | December 2023 | $1,185,533 | $2,840,448 | $45,491,565 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 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 85-6300108).
Questions about CLAYTON AND ODESSA LANG OFSTAD FOUNDATION
- What is the EIN of CLAYTON AND ODESSA LANG OFSTAD FOUNDATION?
- The employer identification number (EIN) of CLAYTON AND ODESSA LANG OFSTAD FOUNDATION is 85-6300108.
- Is CLAYTON AND ODESSA LANG OFSTAD FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to CLAYTON AND ODESSA LANG OFSTAD FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CLAYTON AND ODESSA LANG OFSTAD FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CLAYTON AND ODESSA LANG OFSTAD 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 CLAYTON AND ODESSA LANG OFSTAD 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 are the officers and directors of CLAYTON AND ODESSA LANG OFSTAD FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 1 received compensation from the organization, the highest $314,279 (BANK OF AMERICA N A, TRUSTEE).
- How much revenue does CLAYTON AND ODESSA LANG OFSTAD FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,468,905, expenses of $2,910,686 and total assets of $43,997,141 at year end.
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