Nonprofit · EIN 87-2721749
THOMAS A COSTELLO LEGACY FOUNDATION
Tax-exempt · CHASKA, MN 55318
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $86,946 | $39,815 | $47,131 | $309,952 | – | $309,952 |
| December 31, 2024 | 990-EZ | $87,720 | $49,401 | $38,319 | $262,821 | – | $262,821 |
| December 31, 2023 | 990-EZ | $107,699 | $58,338 | $49,361 | $224,502 | – | $224,502 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $20,074
- Investment income
- $2,293
- Net income from fundraising events
- $64,579
Expenses
- Grants and similar amounts paid
- $36,800
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $3,015
- Program services (functional)
- $36,800
Balance sheet and other
- Total assets, start of year
- $262,821
- Total assets, end of year
- $309,952
- Total liabilities, end of year
- –
- Net assets, end of year
- $309,952
- Cash, savings and investments
- $309,952
- Gross receipts
- $140,026
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Elizabeth Costello | Co-President | 5 | $0 |
| Ashley Costello | President | 5 | $0 |
| Patrick Costello | Board Member | 2 | $0 |
| David Wiser | Board Member | 2 | $0 |
| Sarah Costello | Board Member | 2 | $0 |
| Kevin Farley | Board Member | 2 | $0 |
990-EZ for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Patrick Costello | Board Member | 2 | $0 |
| Ashley Costello | President | 5 | $0 |
| Elizabeth Costello | Co- President | 5 | $0 |
| Sarah Costello | Board Member | 2 | $0 |
| David Wiser | Board Member | 2 | $0 |
| Kevin Farley | Board Member | 2 | $0 |
990-EZ for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ashley Costello | President | 5 | $0 |
| Patrick Costello | Board Member | 4 | $0 |
| Elizabeth Costello | Co-President | 5 | $0 |
| David Wiser | Board Member | 4 | $0 |
| Kevin Farley | Board Member | 4 | $0 |
| Sarah Costello | Board Member | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 1142 WILDWOOD WAY, CHASKA, MN 55318-9732
- In care of
- % ASHLEY E COSTELLO
- Mailing address (990-N for 2021)
- 1142 WILDWOOD WAY, CHASKA MN 55318
- Principal officer (990-N for 2021)
- Ashley Costello, 1142 WILDWOOD WAY, CHASKA MN 55318
- Signed the 990-EZ
- Ashley Costello, President
- Phone
- (612) 360-9454
Mission
Scholarships to Chaska High School Students and UW Madison Students, as well as making donations to 501c3 Non-Profits such as Make a Wish and Life Source
Program accomplishments
- Donations to Life SourceExpenses $10,000 · grants $10,000
- Scholarships to UW Madison & Chaska High School StudentsExpenses $16,800 · grants $16,800
- Donations to Make a WishExpenses $10,000 · grants $10,000
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 | 990-EZ 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
- 87-2721749
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T50)
- Assets (IRS master file)
- $309,952
- Income (IRS master file)
- $140,026
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $86,946 | $39,815 | $309,952 | XML |
| 990-EZ | December 2024 | $87,720 | $49,401 | $262,821 | XML |
| 990-EZ | December 2023 | $107,699 | $58,338 | $224,502 | XML |
| 990 | December 2022 | $219,541 | $44,400 | $175,141 | IRS |
| 990-N for 2021 Officer: Ashley Costello | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
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 87-2721749).
Questions about THOMAS A COSTELLO LEGACY FOUNDATION
- What is the EIN of THOMAS A COSTELLO LEGACY FOUNDATION?
- The employer identification number (EIN) of THOMAS A COSTELLO LEGACY FOUNDATION is 87-2721749.
- Is THOMAS A COSTELLO LEGACY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to THOMAS A COSTELLO LEGACY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THOMAS A COSTELLO LEGACY 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 THOMAS A COSTELLO LEGACY 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 THOMAS A COSTELLO LEGACY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of THOMAS A COSTELLO LEGACY FOUNDATION?
- The 990-N for 2021 names Ashley Costello.
- Who are the officers and directors of THOMAS A COSTELLO LEGACY FOUNDATION?
- The 990-EZ for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does THOMAS A COSTELLO LEGACY FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $86,946, expenses of $39,815 and total assets of $309,952 at year end.
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- LIBRARY FOUNDATION OF CARVER COUNTY EIN 03-0569930 · last filed 990-N for 2024
- EPAM ROTARY FOUNDATION EIN 80-0328995 · last filed 990-N for 2024
- CARVER COUNTY VETERANS COUNCIL INC EIN 41-1762779 · last filed 990-N for 2025
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- LIFECORE FOUNDATION EIN 41-1736832 · last filed 990-N for 2025
All nonprofits in CHASKA · Minnesota · Philanthropy, voluntarism and grantmaking foundations