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Nonprofit · EIN 06-1392628

INSTITUTE FOR PATENT STUDIES INC

Tax-exempt · ALBANY, NY 12207

Financials

$117K$314K2023$148K$263K2024
Revenue Expenses · by fiscal year end
Financials of INSTITUTE FOR PATENT STUDIES INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$148,207$262,610-$114,403$1,228,837$0$1,228,837
December 31, 2023990$116,937$314,432-$197,495$1,310,470$0$1,310,470
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$63,913
Program service revenue
$0
Investment income
$84,294
Net gain from sales of assets
$50,395
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$229,361
Salaries, compensation and benefits (total)
$242,822
Professional fundraising fees
$0
Accounting fees
$1,800
Program services (functional)
$179,431
Management and general (functional)
$83,179

Balance sheet and other

Total assets, start of year
$1,310,470
Total assets, end of year
$1,228,837
Total liabilities, end of year
$0
Net assets, end of year
$1,228,837
Publicly traded securities
$1,196,217
Net assets without donor restrictions
$1,228,837
Gross receipts
$236,082
Employees
2
Volunteers
1
Year formed
1994
State of legal domicile
NY

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 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
JOHN MEEKSPRESIDENT
Trustee or director, Officer
40$87,983$21,984
DAVID MEEKSVICE PRESIDENT & TREASURER
Trustee or director, Officer
40$87,983$21,984
EVELYN FRANKLINSECRETARY
Trustee or director, Officer
5$9,427$0
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensationOther / benefits
JOHN MEEKSPRESIDENT
Trustee or director, Officer
40$85,255$21,314
DAVID MEEKSVICE PRESIDENT & TREASURER
Trustee or director, Officer
40$77,460$19,365
EVELYN FRANKLINSECRETARY
Trustee or director, Officer
28.54$44,117$0

Address and contacts

Address (IRS master file)
418 BROADWAY SUITE 6488, ALBANY, NY 12207-2922
In care of
% JOHN MEEKS
Principal officer (990 for 2024)
JOHN MEEKS, 200 STRATFORD LANE 32, MIDDLETOWN, NY 109402746
Signed the 990
JOHN MEEKS, PRESIDENT
Phone
(800) 392-6512
Return prepared by
SKODY SCOT & CO CPAS PC

Mission

EDUCATIONAL PROGRAMS FOR THOSE WHO INTEND TO USE THE US PATENT OFFICE.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDE EDUCATIONAL PROGRAMS FOR STUDENTS PREPARING FOR THE REGISTRATION IN THE PATENT OFFICE. APPROXIMATELY 370 STUDENTS ARE SERVED EACH YEAR.
    Expenses $179,431

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
06-1392628
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1994
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Social science (V99)
Assets (IRS master file)
$1,228,837
Income (IRS master file)
$236,082

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$148,207$262,610$1,228,837XML
990December 2023$116,937$314,432$1,310,470XML
990December 2022$170,441$291,665$1,397,746IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 06-1392628).

Questions about INSTITUTE FOR PATENT STUDIES INC

What is the EIN of INSTITUTE FOR PATENT STUDIES INC?
The employer identification number (EIN) of INSTITUTE FOR PATENT STUDIES INC is 06-1392628.
Is INSTITUTE FOR PATENT STUDIES INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
Are donations to INSTITUTE FOR PATENT STUDIES INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does INSTITUTE FOR PATENT STUDIES INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of INSTITUTE FOR PATENT STUDIES 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 INSTITUTE FOR PATENT STUDIES INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of INSTITUTE FOR PATENT STUDIES INC?
The 990 for the year ended December 31, 2024 names JOHN MEEKS.
Who are the officers and directors of INSTITUTE FOR PATENT STUDIES INC?
The 990 for the year ended December 31, 2024 lists 3 people; 3 received compensation from the organization, the highest $87,983 (JOHN MEEKS, PRESIDENT).
How much revenue does INSTITUTE FOR PATENT STUDIES INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $148,207, expenses of $262,610 and total assets of $1,228,837 at year end.

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