Nonprofit · EIN 87-1380673
FIRST RATE FOUNDATION INC
Tax-exempt · ANCHORAGE, AK 99503
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $86,989 | $37,036 | $49,953 | $179,653 | – | $179,653 |
| December 31, 2023 | 990-EZ | $92,429 | $81,981 | $10,448 | $82,360 | – | $82,360 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $85,767
- Investment income
- $1,222
Expenses
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $37,036
- Program services (functional)
- $37,000
Balance sheet and other
- Total assets, start of year
- $82,360
- Total assets, end of year
- $179,653
- Total liabilities, end of year
- –
- Net assets, end of year
- $179,653
- Cash, savings and investments
- $179,653
- Gross receipts
- $86,989
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JASON WOOTEN | President | 0 | $0 |
| JUSTIN HARRIS | Treasurer | 0 | $0 |
| ADAM HEAFNER | Vice President | 0 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JASON WOOTEN | PRESIDENT | 0 | $0 |
| JUSTIN HARRIS | TREASURER | 0 | $0 |
| ADAM HEAFNER | VICE PRESIDE | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 3150 X STREET SUITE 150, ANCHORAGE, AK 99503-0000
- Signed the 990-EZ
- JASON WOOTEN, President
- Phone
- (907) 727-8800
- Return prepared by
- Archer Strategic Advisors PLLC
Mission
PROVIDE FUNDING FOR THE NEED OF PEOPLE IN OUR COMMUNITY WHO ARE DIRECTLY TIED TO FIRST RATE AND THAT WE CAN HAVE A SIGNIFICANT IMPACT ON
Program accomplishments
- PROVIDE FUNDING FOR THE NEEDS OF PEOPLE IN OUR COMMUNITY WHOSE WELL-BEING WE CAN HAVE A SIGNIFICANT IMPACT ONExpenses $37,000
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 87-1380673
- 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)
- Unknown (Z99)
- Assets (IRS master file)
- $179,653
- Income (IRS master file)
- $86,989
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $86,989 | $37,036 | $179,653 | IRS |
| 990-EZ | December 2023 | $92,429 | $81,981 | $82,360 | XML |
| 990-EZ | December 2022 | – | – | – | 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 87-1380673).
Questions about FIRST RATE FOUNDATION INC
- What is the EIN of FIRST RATE FOUNDATION INC?
- The employer identification number (EIN) of FIRST RATE FOUNDATION INC is 87-1380673.
- Is FIRST RATE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to FIRST RATE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FIRST RATE FOUNDATION INC 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 FIRST RATE FOUNDATION INC 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 FIRST RATE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of FIRST RATE FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does FIRST RATE FOUNDATION INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $86,989, expenses of $37,036 and total assets of $179,653 at year end.
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