It's Only Right Foundation
It's Only Right Foundation is a private foundation focused on public and societal benefit, based in Lexington, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2K in total assets.
It's Only Right Foundation at a glance
- Total assets
- $2,115
- +256.7% vs 2023
- Revenue (2024)
- $1,955
- -82.0% vs 2023
- Expenses (2024)
- $433
- -96.3% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who It's Only Right Foundation funds
How this funder distributes its grants
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 8 grants of 8 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How It's Only Right Foundation gives
- In 2021 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2021 it made 8 grants totaling $15K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bethel's Place Houston, TX | To further the entity's mission to empower underserved communities | $10,000 |
| Houston Community College Houston, TX | To Assist with Education Costs | $1,000 |
| Texas A&M University College Station, TX | To Assist with Education Costs | $1,000 |
| University of Houston Houston, TX | To Assist with Education Costs | $1,000 |
| Prairie View A&M University Prairie View, TX | To Assist with Education Costs | $750 |
| Trinity University San Anotnio, TX | To Assist with Education Costs | $500 |
| Tarleton State University Stephenville, TX | To Assist with Education Costs | $500 |
| University of Mary Hardin Belton, TX | To Assist with Education Costs | $500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,115 | $1,955 | $433 | — | — | — | — | $104 |
| 2023 | $593 | $10,879 | $11,629 | — | — | — | $1 | $29 |
| 2022 | $1,343 | $6,980 | $7,374 | — | — | — | $1 | $66 |
| 2021 | $1,737 | $14,932 | $15,275 | $15,250 | 8 | $15,250 | — | $86 |
| 2020 | $48 | — | — | — | — | — | — | — |
Under IRS private-foundation payout rules, It's Only Right Foundation reported a distributable amount of $104 for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
It's Only Right Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Jonathan Hudson
Director
On filings since 2020
No compensation reported
Shannon Shorter
Director
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about It's Only Right Foundation
How large is It's Only Right Foundation?
It's Only Right Foundation reported $2K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $2K.
What is It's Only Right Foundation?
It's Only Right Foundation is a private foundation focused on public and societal benefit, based in Lexington, KY. It holds $2K in total assets as of 2024.
Where does It's Only Right Foundation operate?
It's Only Right Foundation has awarded grants in Texas.
How much is It's Only Right Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, It's Only Right Foundation reported a distributable amount of $104 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is It's Only Right Foundation's EIN?
It's Only Right Foundation's EIN (Employer Identification Number) is 83-4478959. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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