Nonprofit · EIN 88-1296442
VALENTINE FOUNDATION INC
Tax-exempt · KNOXVILLE, TN 37902
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $40,184 | $88,998 | -$48,814 | $798,406 | $0 | $798,406 |
| December 31, 2024 | 990-PF | $138,752 | $14,240 | $124,512 | $845,783 | $0 | $845,783 |
| December 31, 2023 | 990-PF | $36,562 | $72,396 | -$35,834 | $718,659 | $0 | $718,659 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $19,093
- Interest
- $905
- Net gain from sales of assets
- $20,186
Expenses
- Grants and similar amounts paid
- $77,500
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $83,200
- Excise tax on investment income
- $494
Balance sheet and other
- Total assets, start of year
- $845,783
- Total assets, end of year
- $798,406
- Total liabilities, end of year
- $0
- Net assets, end of year
- $798,406
- Fair market value of assets
- $919,276
- Qualifying distributions
- $83,200
- Net investment income
- $40,184
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER CLAUSSEN JR 2413 ALCOA HIGHWAY, KNOXVILLE, TN 37920 | PRESIDENT & SECRETARY | 5 | $0 |
| BRYAN WILSON 4320 HIAWATHA DRIVE, KNOXVILLE, TN 37919 | SECRETARY | 0.5 | $0 |
| SEEMAH SINGH 1012 WEST PARK DRIVE, KNOXVILLE, TN 37919 | DIRECTOR | 0.5 | $0 |
| MARY KATHERINE WORMSLEY 422 W CUMBERLAND AVE, KNOXVILLE, TN 37902 | DIRECTOR | 0.5 | $0 |
| TAMMY WHITE 422 W CUMBERLAND AVE, KNOXVILLE, TN 37902 | DIRECTOR | 0.5 | $0 |
990-PF for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER CLAUSSEN JR 2413 ALCOA HIGHWAY, KNOXVILLE, TN 37920 | PRESIDENT & SECRETARY | 5 | $0 |
| BRYAN WILSON 4320 HIAWATHA DRIVE, KNOXVILLE, TN 37919 | SECRETARY | 0.5 | $0 |
| SEEMAH SINGH 1012 WEST PARK DRIVE, KNOXVILLE, TN 37919 | DIRECTOR | 0.5 | $0 |
| MARY KATHERINE WORMSLEY 422 W CUMBERLAND AVE, KNOXVILLE, TN 37902 | DIRECTOR | 0.5 | $0 |
| TAMMY WHITE 422 W CUMBERLAND AVE, KNOXVILLE, TN 37902 | DIRECTOR | 0.5 | $0 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER CLAUSSEN JR 2413 ALCOA HIGHWAY, KNOXVILLE, TN 37920 | PRESIDENT & SECRETARY | 5 | $0 |
| BRYAN WILSON 4320 HIAWATHA DRIVE, KNOXVILLE, TN 37919 | SECRETARY | 0.5 | $0 |
| SEEMAH SINGH 1012 WEST PARK DRIVE, KNOXVILLE, TN 37919 | DIRECTOR | 0.5 | $0 |
| MARY KATHERINE WORMSLEY 422 W CUMBERLAND AVE, KNOXVILLE, TN 37902 | DIRECTOR | 0.5 | $0 |
| TAMMY WHITE 422 W CUMBERLAND AVE, KNOXVILLE, TN 37902 | DIRECTOR | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 422 CUMBERLAND AVE, KNOXVILLE, TN 37902-2301
- Signed the 990-PF
- PETER V CLAUSSEN, PRESIDENT
- Phone
- (865) 567-9911
- Return prepared by
- BOWERS ADVISORS 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 | 990-PF 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
- 88-1296442
- 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
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $798,406
- Income (IRS master file)
- $230,783
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $40,184 | $88,998 | $798,406 | XML |
| 990-PF | December 2024 | $138,752 | $14,240 | $845,783 | IRS |
| 990-PF | December 2023 | $36,562 | $72,396 | $718,659 | 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 88-1296442).
Questions about VALENTINE FOUNDATION INC
- What is the EIN of VALENTINE FOUNDATION INC?
- The employer identification number (EIN) of VALENTINE FOUNDATION INC is 88-1296442.
- Is VALENTINE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to VALENTINE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does VALENTINE FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of VALENTINE FOUNDATION INC 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 VALENTINE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of VALENTINE FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does VALENTINE FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $40,184, expenses of $88,998 and total assets of $798,406 at year end.
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All nonprofits in KNOXVILLE · Tennessee · Philanthropy, voluntarism and grantmaking foundations