Nonprofit · EIN 87-3768410
JACK BEATY EDUCATIONAL SCHOLARSHIP FOUNDATION
Tax-exempt · SANTA FE, NM 87504
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-PF | $338,761 | $461,727 | -$122,966 | $6,591,114 | $2,028 | $6,589,086 |
| June 30, 2024 | 990-PF | $310,026 | $685,336 | -$375,310 | $6,712,052 | $0 | $6,712,052 |
| June 30, 2023 | 990-PF | $129,975 | $311,482 | -$181,507 | $7,087,362 | $0 | $7,087,362 |
Financial details: 990-PF for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $8,000
- Dividends
- $98,962
- Interest
- $58,537
- Net gain from sales of assets
- $173,262
Expenses
- Grants and similar amounts paid
- $312,500
- Compensation of officers, directors and key employees
- $30,400
- Disbursements for charitable purposes
- $360,403
- Excise tax on investment income
- $3,234
Balance sheet and other
- Total assets, start of year
- $6,712,052
- Total assets, end of year
- $6,591,114
- Total liabilities, end of year
- $2,028
- Net assets, end of year
- $6,589,086
- Fair market value of assets
- $8,385,444
- Qualifying distributions
- $360,403
- Net investment income
- $330,761
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHERYL SOMMER 2000 OLD PECOS TRAIL, SANTA FE, NM 87505 | TRUSTEE | 8 | $20,400 |
| KURT SOMMER 2000 OLD PECOS TRAIL, SANTA FE, NM 87505 | TRUSTEE | 2 | $10,000 |
990-PF for the year ended June 30, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KURT SOMMER 2000 OLD PECOS TRAIL, SANTA FE, NM 87505 | TRUSTEE | 5 | $8,000 |
| CHERYL SOMMER 2000 OLD PECOS TRAIL, SANTA FE, NM 87505 | TRUSTEE | 5 | $8,000 |
990-PF for the year ended June 30, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KURT SOMMER 2000 OLD PECOS TRAIL, SANTA FE, NM 87505 | TRUSTEE | 1 | $15,000 |
| CHERYL SOMMER 2000 OLD PECOS TRAIL, SANTA FE, NM 87505 | TRUSTEE | 1 | $15,000 |
Address and contacts
- Address (IRS master file)
- PO BOX 2835, SANTA FE, NM 87504-2835
- Signed the 990-PF
- CHERYL SOMMER, TRUSTEE
- Phone
- (505) 982-4676
- Website
- BEATYFOUNDATION.ORG
- Return prepared by
- CAROLYN H GONZALES CPA
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-PF on file |
IRS record
- EIN
- 87-3768410
- 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
- 2022
- Accounting year ends
- June
- Files
- Form 990-PF
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $6,591,114
- Income (IRS master file)
- $2,433,792
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2025 | $338,761 | $461,727 | $6,591,114 | IRS |
| 990-PF | June 2024 | $310,026 | $685,336 | $6,712,052 | IRS |
| 990-PF | June 2023 | $129,975 | $311,482 | $7,087,362 | XML |
| 990-PF | June 2022 | – | – | – | 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 87-3768410).
Questions about JACK BEATY EDUCATIONAL SCHOLARSHIP FOUNDATION
- What is the EIN of JACK BEATY EDUCATIONAL SCHOLARSHIP FOUNDATION?
- The employer identification number (EIN) of JACK BEATY EDUCATIONAL SCHOLARSHIP FOUNDATION is 87-3768410.
- Is JACK BEATY EDUCATIONAL SCHOLARSHIP FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to JACK BEATY EDUCATIONAL SCHOLARSHIP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does JACK BEATY EDUCATIONAL SCHOLARSHIP FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of JACK BEATY EDUCATIONAL SCHOLARSHIP FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did JACK BEATY EDUCATIONAL SCHOLARSHIP FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2025.
- Who are the officers and directors of JACK BEATY EDUCATIONAL SCHOLARSHIP FOUNDATION?
- The 990-PF for the year ended June 30, 2025 lists 2 people; 2 received compensation from the organization, the highest $20,400 (CHERYL SOMMER, TRUSTEE).
- How much revenue does JACK BEATY EDUCATIONAL SCHOLARSHIP FOUNDATION have?
- On its 990-PF for the year ended June 30, 2025 it reported revenue of $338,761, expenses of $461,727 and total assets of $6,591,114 at year end.
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