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Nonprofit · EIN 13-3211654

CLASSMATE FUND INC

Tax-exempt · VIRGINIA BCH, VA 23451

Financials

$108K$730K2023$318K$127K2024
Revenue Expenses · by fiscal year end
Financials of CLASSMATE FUND INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$317,854$126,883$190,971$2,145,643$0$2,145,643
December 31, 2023990$107,839$729,985-$622,146$1,978,584$0$1,978,584
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$317,811
Net gain from sales of assets
$283,857
Other revenue
$43

Expenses

Grants and similar amounts paid
$113,776
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$13,107
Program services (functional)
$126,883

Balance sheet and other

Total assets, start of year
$1,978,584
Total assets, end of year
$2,145,643
Total liabilities, end of year
$0
Net assets, end of year
$2,145,643
Publicly traded securities
$1,462,082
Net assets without donor restrictions
$2,145,643
Gross receipts
$3,022,205
Employees
0
Year formed
1987
State of legal domicile
NJ

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 / weekCompensation
JO ANN BLAIR-DAVISSECRETARY
Trustee or director, Officer
–$0
SHEPPARD DAVISPRES & TREAS
Trustee or director, Officer
–$0
NATHAN D BACHMAN IV1ST VP
Trustee or director, Officer
–$0
DON STREETTTRUSTEE
Trustee or director
–$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
JO ANN BLAIR-DAVISSECRETARY
Trustee or director, Officer
–$0
SHEPPARD DAVISPRES & TREAS
Trustee or director, Officer
–$0
NATHAN D BACHMAN IV1ST VP
Trustee or director, Officer
–$0
DON STREETTTRUSTEE
Trustee or director
–$0
RUSTY SWANTRUSTEE
Trustee or director
–$0

Address and contacts

Address (IRS master file)
401 ATLANTIC AVE APT 1002, VIRGINIA BCH, VA 23451-6907
In care of
% SHEPPARD H C DAVIS
Principal officer (990 for 2024)
SHEPPARD DAVIS, 401 ATLANTIC AVENUE 1002, VIRGINIA BEACH, VA 23451
Signed the 990
SHEPPARD DAVIS, PRES & TREASURER
Phone
(757) 646-2100
Return prepared by
JONES CPA GROUP PC

Mission

THE CORPORATION WAS FORMED TO MAINTAIN A FUND FOR THE PURPOSES OF EXTENDING FINANCIAL ASSISTANCE TO DESTITUTE, DISABLED, ILL OR NEEDY MEMBERS OF PRINCETON UNIVERSITY'S CLASS OF 1957, THEIR WIDOWS AND CHILDREN.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDE ASSISTANCE TO FAMILIES WHO ARE DESTITUTE, DISABLED, SICK OR NEEDY AND WHO WERE MEMBERS OF PRINCETON UNIVERSITY'S CLASS OF 1957.
    Expenses $113,776 · grants $113,776
  • PROVIDE ASSISTANCE TO FAMILIES WHO ARE DESTITUTE, DISABLED, SICK OR NEEDY FAMILIES
    Expenses $13,107

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
13-3211654
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
1988
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,145,643
Income (IRS master file)
$3,022,205

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$317,854$126,883$2,145,643IRS
990December 2023$107,839$729,985$1,978,584XML
990December 2022-$48,345$181,800$2,476,838IRS
990December 2021–––IRS
990December 2020–––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 13-3211654).

Questions about CLASSMATE FUND INC

What is the EIN of CLASSMATE FUND INC?
The employer identification number (EIN) of CLASSMATE FUND INC is 13-3211654.
Is CLASSMATE FUND INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
Are donations to CLASSMATE FUND INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CLASSMATE FUND 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 CLASSMATE FUND 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 CLASSMATE FUND 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 CLASSMATE FUND INC?
The 990 for the year ended December 31, 2024 names SHEPPARD DAVIS.
Who are the officers and directors of CLASSMATE FUND INC?
The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does CLASSMATE FUND INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $317,854, expenses of $126,883 and total assets of $2,145,643 at year end.

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