Nonprofit · EIN 86-1337821
THE PASLAY FOUNDATION
Tax-exempt · FORT WORTH, TX 76107
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $331,220 | $232,025 | $99,195 | $264,485 | $0 | $264,485 |
| December 31, 2024 | 990 | $241,995 | $179,855 | $62,140 | $165,290 | $0 | $165,290 |
| December 31, 2023 | 990 | $270,710 | $220,219 | $50,491 | $103,150 | $0 | $103,150 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $523,801
- Program service revenue
- $0
- Investment income
- $1,457
- Net income from fundraising events
- -$194,038
- Other revenue
- -$194,038
Expenses
- Grants and similar amounts paid
- $198,500
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $6,923
- Program services (functional)
- $198,500
- Management and general (functional)
- $33,525
Balance sheet and other
- Total assets, start of year
- $165,290
- Total assets, end of year
- $264,485
- Total liabilities, end of year
- $0
- Net assets, end of year
- $264,485
- Net assets without donor restrictions
- $264,485
- Gross receipts
- $570,258
- Employees
- 0
- Volunteers
- 13
- Year formed
- 2021
- State of legal domicile
- TX
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 |
|---|---|---|---|
| MARCUS PASLAY | PRESIDENT Trustee or director, Officer | 1 | $0 |
| EMILY PASLAY | SECRETARY Trustee or director, Officer | 2 | $0 |
| CLAY PASLAY | TREASURER Trustee or director, Officer | 0.25 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARCUS PASLAY | PRESIDENT Trustee or director, Officer | 1 | $0 |
| EMILY PASLAY | SECRETARY Trustee or director, Officer | 2 | $0 |
| CLAY PASLAY | TREASURER Trustee or director, Officer | 0.25 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARCUS PASLAY | PRESIDENT Trustee or director, Officer | 1 | $0 |
| EMILY PASLAY | SECRETARY Trustee or director, Officer | 2 | $0 |
| CLAY PASLAY | TREASURER Trustee or director, Officer | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 2731 WESTSIDE DR, FORT WORTH, TX 76107-1243
- Principal officer (990 for 2025)
- EMILY PASLAY, 2731 WHITE SETTLEMENT RD, FORT WORTH, TX 76107
- Signed the 990
- EMILY PASLAY, SECRETARY
- Phone
- (817) 714-1130
- Return prepared by
- WHITLEY PENN LLP
Mission
THE FOUNDATION EXISTS TO SUPPORT STUDENTS WHO MAY NEED ADDITIONAL SUPPORTS TO THRIVE IN OR BEYOND A TRADITIONAL LEARNING STRUCTURE IN FORT WORTH AND THROUGHOUT TARRANT COUNTY. WHETHER THE STUDENTS MIGHT HAVE A DEVELOPMENTAL DISABILITY OR A LEARNING DISABILITY, THE FOUNDATION HOPES TO CREATE A LEARNING STRUCTURE THAT WORKS WITH THE STUDENT.
Program accomplishments
- THE FOUNDATION EXISTS TO SUPPORT STUDENTS WHO MAY NEED ADDITIONAL SUPPORTS TO THRIVE IN OR BEYOND A TRADITIONAL LEARNING STRUCTURE IN FORT WORTH AND THROUGHOUT TARRANT COUNTY. WHETHER THE STUDENTS MIGHT HAVE A DEVELOPMENTAL DISABILITY OR A LEARNING DISABILITY, THE FOUNDATION HOPES TO CREATE A LEARNING STRUCTURE THAT WORKS WITH THE STUDENT.Expenses $198,500 · grants $198,500
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
- 86-1337821
- 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)
- Mental health and crisis intervention (F12)
- Assets (IRS master file)
- $264,485
- Income (IRS master file)
- $570,258
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $331,220 | $232,025 | $264,485 | IRS |
| 990 | December 2024 | $241,995 | $179,855 | $165,290 | XML |
| 990 | December 2023 | $270,710 | $220,219 | $103,150 | XML |
| 990 | December 2022 | $253,086 | $200,427 | $52,659 | IRS |
| 990-EZ | December 2021 | – | – | – | 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 86-1337821).
Questions about THE PASLAY FOUNDATION
- What is the EIN of THE PASLAY FOUNDATION?
- The employer identification number (EIN) of THE PASLAY FOUNDATION is 86-1337821.
- Is THE PASLAY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to THE PASLAY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE PASLAY FOUNDATION 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 THE PASLAY FOUNDATION 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 THE PASLAY FOUNDATION 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 THE PASLAY FOUNDATION?
- The 990 for the year ended December 31, 2025 names EMILY PASLAY.
- Who are the officers and directors of THE PASLAY FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does THE PASLAY FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $331,220, expenses of $232,025 and total assets of $264,485 at year end.
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