Nonprofit · EIN 86-6052886
HORNE FOUNDATION INC
Tax-exempt · GILBERT, AZ 85297
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990-PF | $352,887 | $265,457 | $87,430 | $2,720,450 | $0 | $2,720,450 |
| May 31, 2024 | 990-PF | $374,246 | $310,337 | $63,909 | $2,557,439 | $499 | $2,556,940 |
Financial details: 990-PF for the year ended May 31, 2025
Revenue
- Dividends
- $147,530
- Net gain from sales of assets
- $205,357
Expenses
- Grants and similar amounts paid
- $200,000
- Compensation of officers, directors and key employees
- $36,000
- Disbursements for charitable purposes
- $241,882
- Excise tax on investment income
- $4,642
Balance sheet and other
- Total assets, start of year
- $2,557,439
- Total assets, end of year
- $2,720,450
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,720,450
- Fair market value of assets
- $5,764,324
- Qualifying distributions
- $241,882
- Net investment income
- $352,887
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 May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HEIDI JONES 1465 E MOTORPLEX LOOP STE 200, GILBERT, AZ 85297 | BOARD MEMBER | 10 | $36,000 |
| ROBERT HORNE 1465 E MOTORPLEX LOOP STE 200, GILBERT, AZ 85297 | SECRETARY AND TREASURER | 2 | $0 |
| CHERYL K HORNE 1465 E MOTORPLEX LOOP STE 200, GILBERT, AZ 85297 | PRESIDENT | 4 | $0 |
990-PF for the year ended May 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HEIDI JONES 1465 E MOTORPLEX LOOP STE 200, GILBERT, AZ 85297 | BOARD MEMBER | 10 | $36,000 |
| ROBERT HORNE 1465 E MOTORPLEX LOOP STE 200, GILBERT, AZ 85297 | SECRETARY AND TREASURER | 2 | $0 |
| CHERYL K HORNE 1465 E MOTORPLEX LOOP STE 200, GILBERT, AZ 85297 | PRESIDENT | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 1465 E MOTORPLEX LOOP STE 200, GILBERT, AZ 85297-0405
- In care of
- % GB HORNE CPA 1
- Signed the 990-PF
- ROBERT HORNE, SECRETARY/TREASURER
- Phone
- (480) 874-2226
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990-PF on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990-PF on file |
IRS record
- EIN
- 86-6052886
- 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
- 1961
- Accounting year ends
- May
- Files
- Form 990-PF
- Assets (IRS master file)
- $2,720,450
- Income (IRS master file)
- $537,796
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | May 2025 | $352,887 | $265,457 | $2,720,450 | XML |
| 990-PF | May 2024 | $374,246 | $310,337 | $2,557,439 | XML |
| 990-PF | May 2023 | – | – | – | IRS |
| 990-PF | May 2022 | – | – | – | IRS |
| 990-PF | May 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 86-6052886).
Questions about HORNE FOUNDATION INC
- What is the EIN of HORNE FOUNDATION INC?
- The employer identification number (EIN) of HORNE FOUNDATION INC is 86-6052886.
- Is HORNE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1961.
- Are donations to HORNE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does HORNE FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of HORNE FOUNDATION INC due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HORNE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended May 2025.
- Who are the officers and directors of HORNE FOUNDATION INC?
- The 990-PF for the year ended May 31, 2025 lists 3 people; 1 received compensation from the organization, the highest $36,000 (HEIDI JONES, BOARD MEMBER).
- How much revenue does HORNE FOUNDATION INC have?
- On its 990-PF for the year ended May 31, 2025 it reported revenue of $352,887, expenses of $265,457 and total assets of $2,720,450 at year end.
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