The Owens Foundation

Tax-deductible

Alexandria, VA501(c)(3)Since 1992EIN 54-1639287Revenue $127K in FY2025

On file with the IRS9019 Nomini Ln, 22309-2810 · Alexandria, VATax-exempt since Apr 1993Supporting organization — 509(a)(3)

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Support for the college of william & mary related to their scholarship, museum fund, author program, and athletics.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $154K a year · 103% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
244 mo
of spending, in cash
Looks good: 244.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$127K
-47% vs prior year
Spent
$19K
To programs
81%
Net assets
$3.2M
By yearFY2020–FY2025
Revenue
$127K
FY2025▼ -47%
Tap a bar for its year
Revenue by fiscal year
FY2020$193K
FY2021$171K
FY2022$68K
FY2023$98K
FY2024$241K
FY2025$127K
Expenses
$19K
FY2025▼ -95%
Tap a bar for its year
Expenses by fiscal year
FY2020$209K
FY2021$271K
FY2022$223K
FY2023$735K
FY2024$368K
FY2025$19K
Net assets
$3.2M
FY2025▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.0M
FY2021$4.1M
FY2022$3.6M
FY2023$3.1M
FY2024$3.0M
FY2025$3.2M

From the FY2025 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1993.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $15K Management & general 19% · $4K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Dir/Sec/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Owens Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Fund college programs and endowments for William & Mary.

Questions for The Owens Foundation

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Provided by the organization

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1 program · $15K · in their own filed words · FY2025
01

The foundation's purpose is to support the college of william & mary and their scholarships, museum fund, author program, and athletics. This is accomplished by making payments to or on behalf of the endowment fund association at the college.

$15Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 6 grants · $1.8M · 2020–2025
College of William & MaryFY2025$15,000
College of William & MaryFY2024$365,000
College of William & MaryFY2023$730,300
College of William & MaryFY2022$217,017
College of William & MaryFY2021$262,750
College of William & MaryFY2020$205,100

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$127K
Ln 12
Investment incomeLn 3$127K
Money outPt IX
$19K
Ln 25
Programscol B$15K
Managementcol C$4K
Owns and owesPt X
$3.2M
net assets · Ln 32
Cash and savingsLn 1–2$378K
Total assetsLn 16$3.2M
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$127K
Gains on assetsLn 7$88K
Total revenueLn 12$127K
Assets in detailPt X, end of year
SavingsLn 2$378K
Cash and savings togetherLn 1–2$378K
InvestmentsLn 11–13$1.5M
Other assetsLn 15$1.2M
Total assetsLn 16$3.2M
LiabilitiesLn 26$0
Net assetsLn 32$3.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$97K$378K
InvestmentsLn 11–13$1.6M$1.5M
Total assetsLn 16$3.0M$3.2M
LiabilitiesLn 26$0$0
Net assetsLn 32$3.0M$3.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$15K$15K
Accounting feesLn 11c$3K$3K
Other expenses (24a–d)Ln 24$135$135
Total functional expensesLn 25$19K$15K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $127K$19K$109K$3.2M 990 PDF
FY2024 $241K$368K−$128K$3.0M 990 PDF
FY2023 $98K$735K−$637K$3.1M 990 PDF
FY2022 $68K$223K−$154K$3.6M 990 PDF
FY2021 $171K$271K−$100K$4.1M 990 PDF
FY2020 $193K$209K−$16K$4.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $127,259 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $240,699$127,259
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $240,699$127,259
I-13 Grants and similar amounts paidPrior year $365,000$15,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,382$3,550
I-18 Total expensesPrior year $368,382$18,550
I-19 Revenue less expensesPrior year −$127,683$108,709
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $127,259 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $39,372$39,372
VIII-7 Net gain or loss on sales of assetsExcluded from tax $87,887$87,887
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $127,259$127,259
Part IX · Statement of functional expenses $18,550 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $15,000$15,000
IX-11c Accounting feesManagement $3,415$3,415
IX-24 Other expenses (24a–d)Management $135$135
IX-25 Total functional expensesPrograms $15,000 · Management $3,550 · Fundraising $0$18,550
Part X · Balance sheet $3,162,298 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $96,836$377,680
X-12 Other securitiesStart of year $1,643,211$1,539,435
X-15 Other assetsStart of year $1,245,183$1,245,183
X-16 Total assetsStart of year $2,985,230$3,162,298
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $2,985,230$3,162,298
X-33 Total liabilities and net assetsStart of year $2,985,230$3,162,298
Part XI · Reconciliation of net assets $3,162,298 net assets at year end
XI-1 Total revenue$127,259
XI-2 Total expenses$18,550
XI-3 Revenue less expenses$108,709
XI-4 Net assets at start of year$2,985,230
XI-5 Net unrealized gains (losses) on investments$68,359
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,162,298

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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