Nonprofit · EIN 93-2676804
TAILOR LEGACY FOUNDATION INC
Tax-exempt · FERN BCH, FL 32034
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,875,000 | $2,806,783 | $68,217 | $145,585 | $0 | $145,585 |
| December 31, 2024 | 990 | $250,000 | $247,530 | $2,470 | $77,369 | $0 | $77,369 |
| December 31, 2023 | 990 | $500,600 | $425,701 | $74,899 | $74,899 | $0 | $74,899 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,875,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,800,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $2,915
- Travel
- $3,338
- Program services (functional)
- $2,803,338
- Management and general (functional)
- $3,445
Balance sheet and other
- Total assets, start of year
- $77,369
- Total assets, end of year
- $145,585
- Total liabilities, end of year
- $0
- Net assets, end of year
- $145,585
- Net assets without donor restrictions
- $145,585
- Gross receipts
- $2,875,000
- Employees
- 0
- Year formed
- 2023
- State of legal domicile
- FL
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NISHA REYES | DIRECTOR Trustee or director | 1 | $0 |
| MARLYN RABELO | DIRECTOR Trustee or director | 1 | $0 |
| LORI AGO | DIRECTOR Trustee or director | 1 | $0 |
| BHAVNA TAILOR | PRESIDENT Officer | 40 | $0 |
| REENA BACHELOR | TREASURER Officer | 20 | $0 |
| ROCIO SANCHEZ | SECRETARY Officer | 20 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NISHA REYES | DIRECTOR Trustee or director | 1 | $0 |
| MARLYN RABELO | DIRECTOR Trustee or director | 1 | $0 |
| LORI AGO | DIRECTOR Trustee or director | 1 | $0 |
| BHAVNA TAILOR | PRESIDENT Officer | 40 | $0 |
| REENA BACHELOR | TREASURER Officer | 20 | $0 |
| ROCIO SANCHEZ | SECRETARY Officer | 20 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BHAVNA TAILOR | PRESIDENT Officer | 40 | $0 |
| REENA BACHELOR | TREASURER Officer | 20 | $0 |
| ROCIO SANCHEZ | SECRETARY Officer | 20 | $0 |
| NISHA REYES | DIRECTOR Trustee or director | 1 | $0 |
| MARLYN RABELO | DIRECTOR Trustee or director | 1 | $0 |
| LORI AGO | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 96257 OYSTER BAY DR, FERN BCH, FL 32034-6166
- In care of
- % BHAVNA TAILOR
- Principal officer (990 for 2025)
- BHAVNA TAILOR, 96257 OYSTER BAY DR, FERNANDINA BEACH, FL 32034
- Signed the 990
- BHAVNA TAILOR, PRESIDENT
- Phone
- (201) 783-4219
- Return prepared by
- PATEL & ALMEIDA PC
Mission
To offer scholarships and financial assistance to post-secondary technical school, high school and college students.
Program accomplishments
- Scholarships 53 scholarships provided to Asher College. 213 scholarships provided to Full Sail University.Expenses $2,800,000 · grants $2,800,000
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 93-2676804
- 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
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $145,585
- Income (IRS master file)
- $2,875,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,875,000 | $2,806,783 | $145,585 | IRS |
| 990 | December 2024 | $250,000 | $247,530 | $77,369 | IRS |
| 990 | December 2023 | $500,600 | $425,701 | $74,899 | XML |
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 93-2676804).
Questions about TAILOR LEGACY FOUNDATION INC
- What is the EIN of TAILOR LEGACY FOUNDATION INC?
- The employer identification number (EIN) of TAILOR LEGACY FOUNDATION INC is 93-2676804.
- Is TAILOR LEGACY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to TAILOR LEGACY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TAILOR LEGACY FOUNDATION INC 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 TAILOR LEGACY 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 TAILOR LEGACY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of TAILOR LEGACY FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names BHAVNA TAILOR.
- Who are the officers and directors of TAILOR LEGACY FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does TAILOR LEGACY FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,875,000, expenses of $2,806,783 and total assets of $145,585 at year end.
Other nonprofits in FERN BCH
- WILDFLOWER FOUNDATION EIN 87-1395886 · last filed 990 for 2025
- PARENT BOOSTER USA INC EIN 87-1378925 · last filed 990-EZ for 2026
- MISS KATES PRE K INC EIN 02-0745591 · last filed 990-EZ for 2025
- ROTARY CLUB OF FERNANDINA BEACH CHARITABLE FUND INC EIN 03-0568441 · last filed 990-EZ for 2025
- KATIE CAPLES FOUNDATION INC EIN 59-3580838 · last filed 990 for 2024
- DIRECTORS ACADEMY INC EIN 81-3228776 · last filed 990 for 2025
- RITZZO FAMILY EDUCATION FOUNDATION INC EIN 88-3776799 · last filed 990-PF for 2025
- FBMGA SCHOLARSHIP TRUST INC EIN 35-2203560 · last filed 990-N for 2025