Nonprofit · EIN 87-3938295
R C COLTON JR FOUNDATION INC
Tax-exempt · NEW ORLEANS, LA 70115
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $413,701 | $355,953 | $57,748 | $3,633,387 | $0 | $3,633,387 |
| December 31, 2023 | 990-PF | $187,368 | $521,281 | -$333,913 | $3,575,639 | $0 | $3,575,639 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $92,651
- Net gain from sales of assets
- $321,050
Expenses
- Grants and similar amounts paid
- $284,000
- Compensation of officers, directors and key employees
- $2,500
- Disbursements for charitable purposes
- $314,176
- Excise tax on investment income
- $5,278
Balance sheet and other
- Total assets, start of year
- $3,575,639
- Total assets, end of year
- $3,633,387
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,633,387
- Fair market value of assets
- $4,508,499
- Qualifying distributions
- $314,176
- Net investment income
- $413,701
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 |
|---|---|---|---|
| RICHARD C COLTON JR 1406 SEVENTH STREET, NEW ORLEANS, LA 70115 | PRESIDENT | 10 | $500 |
| BEVERLY R NICHOLS 1406 SEVENTH STREET, NEW ORLEANS, LA 70115 | TREASURER | 2 | $500 |
| JOHN F CARRERE 1406 SEVENTH STREET, NEW ORLEANS, LA 70115 | DIRECTOR | 1 | $500 |
| MATTHEW WALDRON 1406 SEVENTH STREET, NEW ORLEANS, LA 70115 | VICE PRESIDENT | 2 | $500 |
| BETSY LABORDE 1406 SEVENTH STREET, NEW ORLEANS, LA 70115 | SECRETARY | 2 | $500 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD C COLTON JR 1406 SEVENTH STREET, NEW ORLEANS, LA 70115 | PRESIDENT | 10 | $500 |
| BEVERLY R NICHOLS 1406 SEVENTH STREET, NEW ORLEANS, LA 70115 | TREASURER | 2 | $500 |
| JOHN F CARRERE 1406 SEVENTH STREET, NEW ORLEANS, LA 70115 | DIRECTOR | 1 | $500 |
| MATTHEW WALDRON 1406 SEVENTH STREET, NEW ORLEANS, LA 70115 | DIRECTOR | 2 | $500 |
| BETSY LABORDE 1406 SEVENTH STREET, NEW ORLEANS, LA 70115 | SECRETARY | 2 | $500 |
Address and contacts
- Address (IRS master file)
- 1406 7TH ST, NEW ORLEANS, LA 70115-3321
- Signed the 990-PF
- RICHARD C COLTON JR, PRESIDENT
- Phone
- (504) 895-3484
- Return prepared by
- BOURGEOIS BENNETT LLC
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
- 87-3938295
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $3,633,387
- Income (IRS master file)
- $1,323,803
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $413,701 | $355,953 | $3,633,387 | XML |
| 990-PF | December 2023 | $187,368 | $521,281 | $3,575,639 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | 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 87-3938295).
Questions about R C COLTON JR FOUNDATION INC
- What is the EIN of R C COLTON JR FOUNDATION INC?
- The employer identification number (EIN) of R C COLTON JR FOUNDATION INC is 87-3938295.
- Is R C COLTON JR FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to R C COLTON JR FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does R C COLTON JR FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of R C COLTON JR 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 R C COLTON JR FOUNDATION INC 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 R C COLTON JR FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 5 people; 5 received compensation from the organization, the highest $500 (RICHARD C COLTON JR, PRESIDENT).
- How much revenue does R C COLTON JR FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $413,701, expenses of $355,953 and total assets of $3,633,387 at year end.
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