Nonprofit · EIN 01-0805754
IRMA SCHUSTER FOUNDATION INC
Tax-exempt · SARASOTA, FL 34236
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $20,672 | $29,160 | -$8,488 | $224,399 | $0 | $224,399 |
| December 31, 2023 | 990-PF | $15,085 | $24,769 | -$9,684 | $232,887 | $0 | $232,887 |
| December 31, 2022 | 990-PF | $8,779 | $27,464 | -$18,685 | $242,571 | $0 | $242,571 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $2,240
- Interest
- $2,528
- Net gain from sales of assets
- $15,904
Expenses
- Grants and similar amounts paid
- $18,000
- Compensation of officers, directors and key employees
- $3,000
- Disbursements for charitable purposes
- $18,000
- Excise tax on investment income
- $132
Balance sheet and other
- Total assets, start of year
- $232,887
- Total assets, end of year
- $224,399
- Total liabilities, end of year
- $0
- Net assets, end of year
- $224,399
- Fair market value of assets
- $259,552
- Qualifying distributions
- $18,000
- Net investment income
- $20,672
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NORMAN J SHEA 800 SOUTH OSPREY AVE, SARASOTA, FL 34236 | DIRECTOR | 1 | $1,000 |
| LESLIE TATMAN 222 LONG COVE DRIVE, LAGRANGE, GA 30240 | DIRECTOR | 1 | $1,000 |
| ALEXANDRA GBEATTY 5050 CENTRAL SARASOTA PKWY, SARASOTA, FL 34238 | DIRECTOR | 1 | $1,000 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NORMAN J SHEA 800 SOUTH OSPREY AVE, SARASOTA, FL 34236 | DIRECTOR | 1 | $1,000 |
| LESLIE TATMAN 222 LONG COVE DRIVE, LAGRANGE, GA 30240 | DIRECTOR | 1 | $1,000 |
| ALEXANDRA GBEATTY 5050 CENTRAL SARASOTA PKWY, SARASOTA, FL 34238 | DIRECTOR | 1 | $1,000 |
990-PF for the year ended December 31, 2022: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NORMAN J SHEA 800 SOUTH OSPREY AVE, SARASOTA, FL 34236 | DIRECTOR | 1 | $1,000 |
| LESLIE TATMAN 222 LONG COVE DRIVE, LAGRANGE, GA 30240 | DIRECTOR | 1 | $1,000 |
| ALEXANDRA GBEATTY 5050 CENTRAL SARASOTA PKWY, SARASOTA, FL 34238 | DIRECTOR | 1 | $1,000 |
Address and contacts
- Address (IRS master file)
- 800 SOUTH OSPREY AVE, SARASOTA, FL 34236-7801
- In care of
- % NORMAN J SHEA III
- Signed the 990-PF
- NORMAN J SHEA, DIRECTOR
- Phone
- (941) 366-3600
- Return prepared by
- SUPLEE SHEA CRAMER & MILLER PA
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 01-0805754
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2004
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $224,399
- Income (IRS master file)
- $217,417
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $20,672 | $29,160 | $224,399 | IRS |
| 990-PF | December 2023 | $15,085 | $24,769 | $232,887 | IRS |
| 990-PF | December 2022 | $8,779 | $27,464 | $242,571 | XML |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
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 01-0805754).
Questions about IRMA SCHUSTER FOUNDATION INC
- What is the EIN of IRMA SCHUSTER FOUNDATION INC?
- The employer identification number (EIN) of IRMA SCHUSTER FOUNDATION INC is 01-0805754.
- Is IRMA SCHUSTER FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to IRMA SCHUSTER FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does IRMA SCHUSTER FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of IRMA SCHUSTER FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IRMA SCHUSTER FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of IRMA SCHUSTER FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 3 received compensation from the organization, the highest $1,000 (NORMAN J SHEA, DIRECTOR).
- How much revenue does IRMA SCHUSTER FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $20,672, expenses of $29,160 and total assets of $224,399 at year end.
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All nonprofits in SARASOTA · Florida · Philanthropy, voluntarism and grantmaking foundations