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Nonprofit · EIN 88-0967525

54 FOUNDATION INC

Tax-exempt · COEUR D ALENE, ID 83814

Financials

$48K$47K2023$50K$53K2024
Revenue Expenses · by fiscal year end
Financials of 54 FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$49,920$52,706-$2,786$6,356$0$6,356
December 31, 2023990-PF$48,169$46,536$1,633$1,642$0$1,642
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$49,920

Expenses

Grants and similar amounts paid
$48,750
Disbursements for charitable purposes
$48,750

Balance sheet and other

Total assets, start of year
$1,642
Total assets, end of year
$6,356
Total liabilities, end of year
$0
Net assets, end of year
$6,356
Qualifying distributions
$48,750

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.

NameTitleHours / weekCompensation
DUSTIN AINSWORTH
2925 N COUNTRY LANE, COEUR DALENE, ID 83814
Director0$0
CHRIS VINCENT
9996 N MAPLE ST, HAYDEN, ID 83835
Director0$0
TIM SKELTON
818 E LAKESIDE AVE, COEUR DALENE, ID 83814
Director0$0
990-PF for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
DUSTIN AINSWORTH
2925 N COUNTRY LANE, COEUR DALENE, ID 83814
Director0$0
CHRIS VINCENT
9996 N MAPLE ST, HAYDEN, ID 83835
Director0$0
TIM SKELTON
818 E LAKESIDE AVE, COEUR DALENE, ID 83814
Director0$0

Address and contacts

Address (IRS master file)
1450 NORTHWEST BLVD STE 200, COEUR D ALENE, ID 83814-5605
Signed the 990-PF
DUSTIN AINSWORTH, Director
Phone
(208) 659-6685
Return prepared by
Tate & Associates

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
88-0967525
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
December
Files
Form 990-PF
Assets (IRS master file)
$6,356
Income (IRS master file)
$49,920

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$49,920$52,706$6,356XML
990-TDecember 2024–––IRS
990-PFDecember 2023$48,169$46,536$1,642XML
990-TDecember 2023–––IRS
990-PFDecember 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 88-0967525).

Questions about 54 FOUNDATION INC

What is the EIN of 54 FOUNDATION INC?
The employer identification number (EIN) of 54 FOUNDATION INC is 88-0967525.
Is 54 FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to 54 FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does 54 FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of 54 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 54 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 54 FOUNDATION INC?
The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does 54 FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $49,920, expenses of $52,706 and total assets of $6,356 at year end.

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