Nonprofit · EIN 11-3635931
GRAYBEARDS LTD
Tax-exempt · BELLE HARBOR, NY 11694
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $629,217 | $695,227 | -$66,010 | $452,315 | $0 | $452,315 |
| December 31, 2021 | 990 | $415,474 | $397,957 | $17,517 | $260,498 | $0 | $260,498 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $378,872
- Membership dues
- $35,950
- Program service revenue
- $0
- Investment income
- $6
- Net income from fundraising events
- -$49,661
- Net income from gaming
- $300,000
- Other revenue
- $250,339
Expenses
- Grants and similar amounts paid
- $544,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $13,213
- Program services (functional)
- $564,083
- Management and general (functional)
- $32,684
- Fundraising (functional)
- $98,460
Balance sheet and other
- Total assets, start of year
- $522,016
- Total assets, end of year
- $452,315
- Total liabilities, end of year
- $0
- Net assets, end of year
- $452,315
- Net assets without donor restrictions
- $452,315
- Gross receipts
- $978,878
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2001
- 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, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TOM MORGAN | PRESIDENT Trustee or director, Officer | 5 | $0 |
| JOHN COSGROVE | TREASURER Trustee or director, Officer | 5 | $0 |
| DAN EDWARDS | SECRETARY Trustee or director, Officer | 5 | $0 |
| JIM MORIARTY | MEMBER Trustee or director | 5 | $0 |
| ROCKY DOROGOFF | MEMBER Trustee or director | 5 | $0 |
| STEVE STATHIS | MEMBER Trustee or director | 5 | $0 |
| BRIAN KING | MEMBER Trustee or director | 5 | $0 |
| JEFF MERCER | MEMBER Trustee or director | 5 | $0 |
| MICHAEL LEE | MEMBER Trustee or director | 5 | $0 |
| JIM MULLEN | MEMBER Trustee or director | 5 | $0 |
| JOSEPH O'GRADY | MEMBER Trustee or director | 5 | $0 |
| DAN SUGRUE | MEMBER Trustee or director | 5 | $0 |
| DAN LEARY | MEMBER Trustee or director | 5 | $0 |
| JOHN LAVIN | MEMBER Trustee or director | 5 | $0 |
| JOSEPH KEENAN | MEMBER Trustee or director | 5 | $0 |
990 for the year ended December 31, 2021: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TOM MORGAN | PRESIDENT Trustee or director, Officer | 5 | $0 |
| JOHN COSGROVE | TREASURER Trustee or director, Officer | 5 | $0 |
| DAN EDWARDS | SECRETARY Trustee or director, Officer | 5 | $0 |
| JIM MORIARTY | MEMBER Trustee or director | 5 | $0 |
| ROCKY DOROGOFF | MEMBER Trustee or director | 5 | $0 |
| STEVE STATHIS | MEMBER Trustee or director | 5 | $0 |
| BRIAN KING | MEMBER Trustee or director | 5 | $0 |
| JEFF MERCER | MEMBER Trustee or director | 5 | $0 |
| MICHAEL LEE | MEMBER Trustee or director | 5 | $0 |
| JIM MULLEN | MEMBER Trustee or director | 5 | $0 |
| JOSEPH O'GRADY | MEMBER Trustee or director | 5 | $0 |
| DAN SUGRUE | MEMBER Trustee or director | 5 | $0 |
| DAN LEARY | MEMBER Trustee or director | 5 | $0 |
| JOHN LAVIN | MEMBER Trustee or director | 5 | $0 |
| JOSEPH KEENAN | MEMBER Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 12904 NEWPORT AVE, BELLE HARBOR, NY 11694-1617
- In care of
- % KEVIN BOYLE
- Principal officer (990 for 2023)
- JOHN COSGROVE, 129-04 NEWPORT AVENUE, BELLE HARBOR, NY 11694
- Signed the 990
- JOHN COSGROVE, TREASURER
- Phone
- (718) 634-6812
- Website
- WWW.GRAYBEARDS.COM
Mission
IN THE AFTERMATH OF THE WORST ACT OF TERRIORISM COMMITTED AGAINST THE UNITED STATES OF AMERICA, SEPTEMBER 11, 2001 AND THE DEVASTATING CRASH OF AMERICAN AIRLINES FLIGHT #587, A GROUP OF MEN FROM ROCKAWAY BEACH RECOGNIZED THE POSITIVE IMPACT THEY COULD OFFER THE COMMUNITY AS A DIVERSIFIED GROUP. IN THAT SPIRIT, GRAYBEARDS HAS BEEN DEDICATED TO ENHANCE THE LIVES OF OTHERS, PROMOTE FRIENDSHIP AND FELLOWSHIP AMONG ITS MEMBERS, HOLD MEETINGS AND HAVE SOCIAL GATHERINGS TO PROMOTE AN INTEREST IN THE COMMUNITY, HELP THOSE IN THE COMMUNITY IN THEIR TIME OF NEED, TO PROMOTE THE DEVELOPMENT/EDUCATION OF THE YOUTH OF THE COMMUNITY AND PROMOTE A DEEPER APPRECIATION OF PATRIOTISM IN THE COMMUNITY.
Program accomplishments
- GRAYBEARDS HELD THREE FUNDRAISING EVENTS DURING THE YEAR TO HELP THOSE IN THE COMMUNITY IN THEIR TIME OF NEED, PROMOTE THE DEVELOPMENT/EDUCATION OF THE YOUTH AND PROMOTE INTERESTS IN OUR COMMUNITY.Expenses $564,083
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 11-3635931
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $452,315
- Income (IRS master file)
- $978,878
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2023 | $629,217 | $695,227 | $452,315 | XML |
| 990 | December 2022 | $697,889 | $505,286 | $522,016 | IRS |
| 990 | December 2021 | $415,474 | $397,957 | $260,498 | XML |
| 990 | December 2020 | – | – | – | 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 11-3635931).
Questions about GRAYBEARDS LTD
- What is the EIN of GRAYBEARDS LTD?
- The employer identification number (EIN) of GRAYBEARDS LTD is 11-3635931.
- Is GRAYBEARDS LTD tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to GRAYBEARDS LTD tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GRAYBEARDS LTD 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 GRAYBEARDS LTD 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 GRAYBEARDS LTD last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2023.
- Who is the principal officer of GRAYBEARDS LTD?
- The 990 for the year ended December 31, 2023 names JOHN COSGROVE.
- Who are the officers and directors of GRAYBEARDS LTD?
- The 990 for the year ended December 31, 2023 lists 15 people; 0 received compensation from the organization.
- How much revenue does GRAYBEARDS LTD have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $629,217, expenses of $695,227 and total assets of $452,315 at year end.
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