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Nonprofiteer
← THE PASLAY FOUNDATION

Form 990 for tax year 2025

Filed by THE PASLAY FOUNDATION.

Totals

Total revenue
$331,220
Total expenses
$232,025
Contributions and grants received
$523,801
Grants paid
$198,500
Program service revenue
$0
Investment income
$1,457
Other revenue
-$194,038
Total assets, end of year
$264,485
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$264,485
Program services expenses (Part IX)
$198,500
Management and general expenses
$33,525
Fundraising expenses
$0
Program service expenses (Part III)
$198,500

Program services were 85.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $523,801

  • 1g · Noncash contributions included above

    $95,035

  • 3 · Investment income

    total $1,457 · excluded $1,457

  • 8a · Fundraising events: gross income

    $45,000

  • 8a · Fundraising events: contributions included on line 1c

    $523,801

  • 8b · Fundraising events: direct expenses

    $239,038

  • 8c · Net income from fundraising events

    total -$194,038 · excluded -$194,038

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $175,500 · program services $175,500

  • 2 · Grants to domestic individuals

    total $23,000 · program services $23,000

  • 11c · Fees: accounting

    total $6,923 · management and general $6,923

  • 12 · Advertising and promotion

    total $23,589 · management and general $23,589

  • 13 · Office expenses

    total $492 · management and general $492

  • 23 · Insurance

    total $1,521 · management and general $1,521

  • 24a · Other expenses: EQUIPMENT RENTAL

    total $1,000 · management and general $1,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $162,290 · end of year $64,485

  • 2 · Savings and temporary cash investments

    end of year $200,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,000 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $165,290 · end of year $264,485

Mission and programs · 2025

Mission

THE FOUNDATION EXISTS TO SUPPORT STUDENTS WHO MAY NEED ADDITIONAL SUPPORTS TO THRIVE IN OR BEYOND A TRADITIONAL LEARNING STRUCTURE IN FORT WORTH AND THROUGHOUT TARRANT COUNTY. WHETHER THE STUDENTS MIGHT HAVE A DEVELOPMENTAL DISABILITY OR A LEARNING DISABILITY, THE FOUNDATION HOPES TO CREATE A LEARNING STRUCTURE THAT WORKS WITH THE STUDENT.

  • THE FOUNDATION EXISTS TO SUPPORT STUDENTS WHO MAY NEED ADDITIONAL SUPPORTS TO THRIVE IN OR BEYOND A TRADITIONAL LEARNING STRUCTURE IN FORT WORTH AND THROUGHOUT TARRANT COUNTY. WHETHER THE STUDENTS MIGHT HAVE A DEVELOPMENTAL DISABILITY OR A LEARNING DISABILITY, THE FOUNDATION HOPES TO CREATE A LEARNING STRUCTURE THAT WORKS WITH THE STUDENT.

    Expenses $198,500 · Grants $198,500

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Marcus Paslay

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Emily Paslay

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Clay Paslay

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2025
Filed
4 May 2026
IRS schema version
2025v4.1
Source object
202601269349301555

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