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506 FOUNDATION INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
506 FOUNDATION INC (EIN 56-2398236)
Tax period
2024-07-01 to 2025-06-30
Filed
2026-03-26
IRS object ID
202630859349301703
Schema version
2024v5.5
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-03-26T16:26:51-05:00ReturnTs
Tax Period End2025-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN843541096PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ADAMSBROWN LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1410 MAIN STREETAddressLine1Txt
CityPARSONSCityNm
State AbbreviationKSStateAbbreviationCd
ZIP67357ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN562398236EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE 506 FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name Control506FBusinessNameControlTxt
Phone6207845326PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 189AddressLine1Txt
CityALTAMONTCityNm
State AbbreviationKSStateAbbreviationCd
ZIP67330ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJERICA WILSONPersonNm
Person TitleTREASURERPersonTitleTxt
Phone6207845326PhoneNum
Signature2026-03-17SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCHRISTINA MCCLENNINGPreparerPersonNm
PTINP00757136PTIN
Phone6204210110PhoneNum
Preparation2026-03-16PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerCHRIS KASTLERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 189AddressLine1Txt
CityALTAMONTCityNm
State AbbreviationKSStateAbbreviationCd
ZIP67330ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$67,276GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2003FormationYr
Legal Domicile StateKSLegalDomicileStateCd
Activity Or MissionTHE PURPOSE IS TO PROVIDE A TAX-EXEMPT ORGANIZATION TO COLLECT, ADMINISTER AND DISTRIBUTE PRIVATE DONATIONS FOR THE BETTERMENT OF UNIFIED SCHOOL DISTRICT 506.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent8VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers8TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$52,390PYContributionsGrantsAmt
CY Contributions Grants$57,483CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$20,662PYInvestmentIncomeAmt
CY Investment Income$9,793CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$73,052PYTotalRevenueAmt
CY Total Revenue$67,276CYTotalRevenueAmt
PY Grants And Similar Paid$57,568PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$57,546CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$3,600PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$5,287CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$2,982PYOtherExpensesAmt
CY Other Expenses$3,145CYOtherExpensesAmt
PY Total Expenses$64,150PYTotalExpensesAmt
CY Total Expenses$65,978CYTotalExpensesAmt
PY Revenues Less Expenses$8,902PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,298CYRevenuesLessExpensesAmt
Total Assets BOY$765,205TotalAssetsBOYAmt
Total Assets EOY$850,201TotalAssetsEOYAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$765,205NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$850,201NetAssetsOrFundBalancesEOYAmt
MissionOUR MISSION IS TO FOSTER EXCELLENCE IN EDUCATION BY FUNDING PROGRAMS THAT ENHANCE THE CAPABILITIES OF USD 506 SCHOOLS TO STIMULATE STUDENTS' ACADEMIC ACHIEVEMENT AND ENRICH THE LEARNING ENVIRONMENT.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$57,546ExpenseAmt
Grant$57,546GrantAmt
DescCOLLECTION AND ADMINISTRATION OF GRANTS AND SCHOLARSHIPS FOR UNIFIED SCHOOL DISTRICT 506 AND ITS STUDENTSDesc
Total Program Service Expenses$57,546TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised FundYes (1)DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member8IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy0ConflictOfInterestPolicyInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JERICA WILSONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6207845326PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 189AddressLine1Txt
CityALTAMONTCityNm
State AbbreviationKSStateAbbreviationCd
ZIP67330ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
MATT SHIELDS
DIRECTOR1.00Yes (X)$0$0$0
CHRIS KASTLER
DIRECTOR1.00Yes (X)$0$0$0
ISABELLE LEAKE
DIRECTOR1.00Yes (X)$0$0$0
GLENA AIKENS
DIRECTOR1.00Yes (X)$0$0$0
RICH FALKENSTIEN
DIRECTOR1.00Yes (X)$0$0$0
ROY THOMPSON
VICE-PRESIDENT2.00$0$0$0Yes (X)
MARJORIE FALCON
SECRETARY2.00$0$0$0Yes (X)
JERICA WILSON
TREASURER2.00$5,287$0$0Yes (X)
SHAWN ALLOWAY
PRESIDENT2.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$5,287TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$57,483AllOtherContributionsAmt
Total Contributions$57,483TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$9,793TotalRevenueColumnAmt
Related Or Exempt Func Income$9,793RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$67,276TotalRevenueColumnAmt
Related Or Exempt Func Income$9,793RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$57,546TotalAmt
Program Services$57,546ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$5,287TotalAmt
Management And General$5,287ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$1,125TotalAmt
Management And General$1,125ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$2,020TotalAmt
Management And General$2,020ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$65,978TotalAmt
Program Services$57,546ProgramServicesAmt
Management And General$8,432ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$389,849BOYAmt
EOY$71,835EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$375,356BOYAmt
EOY$778,366EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$765,205BOYAmt
EOY$850,201EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$765,205BOYAmt
EOY$850,201EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$765,205BOYAmt
EOY$850,201EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$765,205BOYAmt
EOY$850,201EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,298ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$83,698NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$156,555CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$62,418CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$54,865CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$52,390CurrentTaxYearMinus1YearAmt
Current Tax Year$57,483CurrentTaxYearAmt
Total$383,711TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$156,555CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$62,418CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$54,865CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$52,390CurrentTaxYearMinus1YearAmt
Current Tax Year$57,483CurrentTaxYearAmt
Total$383,711TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$9,367SubstantialContributorsTotAmt
Public Support Total170$374,344PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$16,035CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$36,103CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$19,632CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$20,662CurrentTaxYearMinus1YearAmt
Current Tax Year$9,793CurrentTaxYearAmt
Total$102,225TotalAmt
FieldValueIRS element (for citing)
Total Support$485,936TotalSupportAmt
Public Support CY1700.77040PublicSupportCY170Pct
Public Support PY1700.73370PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Disclosed Org Leg CtrlYes (1)DisclosedOrgLegCtrlInd
Disclosed For Charitable PrpsYes (1)DisclosedForCharitablePrpsInd
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeVARIOUS SCHOLARSHIPS TO MULTIPLE INDIVIDUALS PAID TO SCHOOLS/UNIVERSITIESGrantTypeTxt
Recipient76RecipientCnt
Cash Grant$57,546CashGrantAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 8BFORM 990 REVIEWED AT REGULAR BOARD MEETING BEFORE FILING
FORM 990, PART VI, SECTION B, LINE 11BFORM 990 REVIEWED AT REGULAR BOARD MEETING BEFORE FILING
FORM 990, PART VI, SECTION C, LINE 19DOCUMENTS AVAILABLE UPON REQUEST