Nonprofit · EIN 87-0503758
MARION D & MAXINE C HANKS FOUNDATION
Tax-exempt (reinstated) · SALT LAKE CTY, UT 84109
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $273,111 | $132,960 | $140,151 | $1,527,936 | $0 | $1,527,936 |
| December 31, 2023 | 990-PF | $104,901 | $15,313 | $89,588 | $1,410,437 | $0 | $1,410,437 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $11,696
- Interest
- $1,476
- Net gain from sales of assets
- $259,939
Expenses
- Grants and similar amounts paid
- $119,300
- Salaries, compensation and benefits (total)
- $12,000
- Excise tax on investment income
- $3,606
Balance sheet and other
- Total assets, start of year
- $1,390,983
- Total assets, end of year
- $1,527,936
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,527,936
- Fair market value of assets
- $2,409,067
- Qualifying distributions
- $119,300
- Net investment income
- $273,111
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 |
|---|---|---|---|
| Nancy Baird MANAGER PO Box 17614, Salt Lake City, UT 84117 | Manager | 0 | $0 |
| Spencer Clawson 1925 E Sycamore Ln, Salt Lake City, UT 84117 | Treasurer | 0 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Nancy Baird Manager PO Box 17614, Salt Lake City, UT 84117 | Manager | 0 | $0 |
| Spencer Clawson 1925 E Sycamore Ln, Salt Lake City, UT 84117 | Treasurer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 9672, SALT LAKE CTY, UT 84109-9672
- In care of
- % SPENCER CLAWSON
- Signed the 990-PF
- SPENCER CLAWSON, Treasurer
- Phone
- (801) 580-9342
- Return prepared by
- Jason Broschinsky
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
- 87-0503758
- 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
- 2024
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $1,527,936
- Income (IRS master file)
- $386,511
Revocation and reinstatement
- Exemption revoked
- May 15, 2022
- Posted by the IRS
- February 15, 2023
- Reinstated
- Effective May 15, 2022
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $273,111 | $132,960 | $1,527,936 | XML |
| 990-PF | December 2023 | $104,901 | $15,313 | $1,410,437 | XML |
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 87-0503758).
Questions about MARION D & MAXINE C HANKS FOUNDATION
- What is the EIN of MARION D & MAXINE C HANKS FOUNDATION?
- The employer identification number (EIN) of MARION D & MAXINE C HANKS FOUNDATION is 87-0503758.
- Is MARION D & MAXINE C HANKS FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2022 and reinstated it effective May 15, 2022.
- Are donations to MARION D & MAXINE C HANKS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MARION D & MAXINE C HANKS FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MARION D & MAXINE C HANKS 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 MARION D & MAXINE C HANKS 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 MARION D & MAXINE C HANKS FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does MARION D & MAXINE C HANKS FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $273,111, expenses of $132,960 and total assets of $1,527,936 at year end.
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