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Nonprofit · EIN 88-1506577

MARLIN LEGACY FOUNDATION

Tax-exempt · PORT ARANSAS, TX 78373

Financials

$368K$361K2024
Revenue Expenses · by fiscal year end
Financials of MARLIN LEGACY FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$367,524$360,989$6,535$25,685$0$25,685
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$367,524
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$350,000
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$3,000
Accounting fees
$6,365
Program services (functional)
$350,000
Management and general (functional)
$10,989

Balance sheet and other

Total assets, start of year
$25,150
Total assets, end of year
$25,685
Total liabilities, end of year
$0
Net assets, end of year
$25,685
Gross receipts
$367,524
Employees
0
Volunteers
7
Year formed
2022
State of legal domicile
TX

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 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
MICHAEL DAYONPRESIDENT
Trustee or director, Officer
10$0
CHAD SHIMAITISSECRETARY / TREASURER
Trustee or director, Officer
10$0
CHARLES W CRAWFORD JRBOARD MEMBER
Trustee or director
2$0
FELICIA FOSTERBOARD MEMBER
Trustee or director
2$0
MARNIE PATEBOARD MEMBER
Trustee or director
2$0
DANIEL JOHNSONBOARD MEMBER
Trustee or director
2$0
CLARE ADAMSBOARD MEMBER
Trustee or director
2$0

Address and contacts

Address (IRS master file)
830 OCEAN SIDE, PORT ARANSAS, TX 78373-5770
Signed the 990
CHAD SHIMAITIS, TREASURER
Phone
(361) 271-0790
Return prepared by
JENNINGS HAWLEY & CO PC

Mission

THE PRIMARY EXEMPT PURPOSE OF MARLIN LEGACY FOUNDATION IS TO ENHACE FUNDING IN ORDER TO ENSURE THE LONG-TERM SUCCESS OF STUDENTS BY PROVIDING A FAIRER INCOME TO THE PORT ARANSAS ISD STAFF AND EDUCATORS.

990 for the year ended December 31, 2024

Program accomplishments

  • RAISING FUNDS FOR "NON-ESSENTIAL" EDUCATION PURPOSES TO FREE UP THE PORT ARANSAS ISD BUDGET
    Expenses $350,000 · grants $350,000

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

IRS record

EIN
88-1506577
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)
Education (B12)
Assets (IRS master file)
$25,685
Income (IRS master file)
$367,524

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$367,524$360,989$25,685XML
990December 2023$313,588$321,640$25,150IRS
990December 2022$176,254$149,052$33,202IRS

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 88-1506577).

Questions about MARLIN LEGACY FOUNDATION

What is the EIN of MARLIN LEGACY FOUNDATION?
The employer identification number (EIN) of MARLIN LEGACY FOUNDATION is 88-1506577.
Is MARLIN LEGACY FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to MARLIN LEGACY FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MARLIN 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 MARLIN LEGACY FOUNDATION 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 MARLIN LEGACY FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of MARLIN LEGACY FOUNDATION?
The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does MARLIN LEGACY FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $367,524, expenses of $360,989 and total assets of $25,685 at year end.

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