Nonprofit · EIN 13-6075567
PROSPECT HILL FOUNDATION INC
Tax-exempt · NEW YORK, NY 10016
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-PF | $6,036,814 | $4,640,480 | $1,396,334 | $78,420,645 | $0 | $78,420,645 |
| June 30, 2024 | 990-PF | $2,128,010 | $4,312,261 | -$2,184,251 | $76,184,498 | $0 | $76,184,498 |
| June 30, 2023 | 990-PF | $2,504,507 | $4,918,224 | -$2,413,717 | $74,142,105 | $0 | $74,142,105 |
Financial details: 990-PF for the year ended June 30, 2025
Revenue
- Dividends
- $894,874
- Interest
- $33,817
- Net gain from sales of assets
- $3,921,318
- Other income
- $1,186,805
Expenses
- Grants and similar amounts paid
- $2,612,820
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $591,461
- Disbursements for charitable purposes
- $3,758,195
- Excise tax on investment income
- $71,268
Balance sheet and other
- Total assets, start of year
- $76,184,498
- Total assets, end of year
- $78,420,645
- Total liabilities, end of year
- $0
- Net assets, end of year
- $78,420,645
- Fair market value of assets
- $78,420,645
- Qualifying distributions
- $3,758,195
- Net investment income
- $5,983,333
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PENNY F WILLGERODT 99 PARK AVE 2220, NEW YORK, NY 100161601 | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $296,493 | $55,468 |
| RAJKO KRAMAR 99 PARK AVE 2220, NEW YORK, NY 100161601 | DIRECTOR OF FINANCE Highest-paid employee | 40 | $168,779 | $33,611 |
| ZENOBIA LOVE 99 PARK AVE 2220, NEW YORK, NY 100161601 | GRANTS ADMINISTRATOR Highest-paid employee | 40 | $68,116 | $22,411 |
| CARRIE S ELSTON 99 PARK AVENUE 2220, NEW YORK, NY 100161601 | PRESIDENT & DIRECTOR | 5 | $0 | $0 |
| FREDERICK W BEINECKE 99 PARK AVENUE 2220, NEW YORK, NY 100161601 | VICE PRESIDENT & DIRECTOR | 2 | $0 | $0 |
| ELIZABETH BEINECKE ELSTON 99 PARK AVENUE 2220, NEW YORK, NY 100161601 | SECRETARY & DIRECTOR | 2 | $0 | $0 |
| BENJAMIN B BEINECKE 99 PARK AVENUE 2220, NEW YORK, NY 100161601 | DIRECTOR | 2 | $0 | $0 |
| FRANCES G BEINECKE 99 PARK AVENUE 2220, NEW YORK, NY 100161601 | DIRECTOR | 2 | $0 | $0 |
| JACOB S BEINECKE 99 PARK AVENUE 2220, NEW YORK, NY 100161601 | DIRECTOR | 2 | $0 | $0 |
| JOHN B BEINECKE 99 PARK AVENUE 2220, NEW YORK, NY 100161601 | DIRECTOR | 2 | $0 | $0 |
| MARY BEINECKE ELSTON 99 PARK AVENUE 2220, NEW YORK, NY 100161601 | DIRECTOR | 2 | $0 | $0 |
| JESSE W SMITH 99 PARK AVENUE 2220, NEW YORK, NY 100161601 | DIRECTOR | 2 | $0 | $0 |
| SARAH BEINECKE RICHARDSON 99 PARK AVENUE 2220, NEW YORK, NY 100161601 | DIRECTOR | 2 | $0 | $0 |
| MAUREEN HOWLEY 99 PARK AVENUE 2220, NEW YORK, NY 100161601 | TREASURER | 10 | $0 | $0 |
990-PF for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PENNY F WILLGERODT 99 PARK AVE 2220, NEW YORK, NY 100161601 | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $291,670 | $54,109 |
| RAJKO KRAMAR 99 PARK AVE 2220, NEW YORK, NY 100161601 | DIRECTOR OF FINANCE Highest-paid employee | 40 | $161,683 | $32,068 |
| ZENOBIA LOVE 99 PARK AVE 2220, NEW YORK, NY 100161601 | GRANTS ADMINISTRATOR Highest-paid employee | 40 | $65,129 | $19,117 |
| CARRIE S ELSTON 99 PARK AVENUE 2220, NEW YORK, NY 100161601 | PRESIDENT & DIRECTOR | 5 | $0 | $0 |
| FREDERICK W BEINECKE 99 PARK AVENUE 2220, NEW YORK, NY 100161601 | VICE PRESIDENT & DIRECTOR | 2 | $0 | $0 |
| ELIZABETH BEINECKE ELSTON 99 PARK AVENUE 2220, NEW YORK, NY 100161601 | SECRETARY & DIRECTOR | 2 | $0 | $0 |
| BENJAMIN B BEINECKE 99 PARK AVENUE 2220, NEW YORK, NY 100161601 | DIRECTOR | 2 | $0 | $0 |
| FRANCES G BEINECKE 99 PARK AVENUE 2220, NEW YORK, NY 100161601 | DIRECTOR | 2 | $0 | $0 |
| JACOB S BEINECKE 99 PARK AVENUE 2220, NEW YORK, NY 100161601 | DIRECTOR | 2 | $0 | $0 |
| JESSE W SMITH 99 PARK AVENUE 2220, NEW YORK, NY 100161601 | DIRECTOR | 2 | $0 | $0 |
| JOHN B BEINECKE 99 PARK AVENUE 2220, NEW YORK, NY 100161601 | DIRECTOR | 2 | $0 | $0 |
| SARAH BEINECKE RICHARDSON 99 PARK AVENUE 2220, NEW YORK, NY 100161601 | DIRECTOR | 2 | $0 | $0 |
| MAUREEN HOWLEY 99 PARK AVENUE 2220, NEW YORK, NY 100161601 | TREASURER | 10 | $0 | $0 |
990-PF for the year ended June 30, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PENNY F WILLGERODT 99 PARK AVE 2220, NEW YORK, NY 100161601 | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $265,120 | $55,012 |
| RAJKO KRAMAR 99 PARK AVE 2220, NEW YORK, NY 100161601 | DIRECTOR OF FINANCE Highest-paid employee | 40 | $98,256 | $11,295 |
| ZENOBIA LOVE 99 PARK AVE 2220, NEW YORK, NY 100161601 | GRANTS ADMINISTRATOR Highest-paid employee | 40 | $61,576 | $16,884 |
| CARRIE S ELSTON 99 PARK AVENUE 2220, NEW YORK, NY 100161601 | PRESIDENT & DIRECTOR | 5 | $0 | $0 |
| FREDERICK W BEINECKE 99 PARK AVENUE 2220, NEW YORK, NY 100161601 | VICE PRESIDENT & DIRECTOR | 2 | $0 | $0 |
| JESSE W SMITH 99 PARK AVENUE 2220, NEW YORK, NY 100161601 | SECRETARY & DIRECTOR | 2 | $0 | $0 |
| MAUREEN HOWLEY 99 PARK AVENUE 2220, NEW YORK, NY 100161601 | TREASURER | 10 | $0 | $0 |
| BENJAMIN B BEINECKE 99 PARK AVENUE 2220, NEW YORK, NY 100161601 | DIRECTOR | 2 | $0 | $0 |
| ELIZABETH BEINECKE ELSTON 99 PARK AVENUE 2220, NEW YORK, NY 100161601 | DIRECTOR | 2 | $0 | $0 |
| FRANCES G BEINECKE 99 PARK AVENUE 2220, NEW YORK, NY 100161601 | DIRECTOR | 2 | $0 | $0 |
| JOHN B BEINECKE 99 PARK AVENUE 2220, NEW YORK, NY 100161601 | DIRECTOR | 2 | $0 | $0 |
| MARY BEINECKE ELSTON 99 PARK AVENUE 2220, NEW YORK, NY 100161601 | DIRECTOR | 2 | $0 | $0 |
| SARAH BEINECKE RICHARDSON 99 PARK AVENUE 2220, NEW YORK, NY 100161601 | DIRECTOR | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 99 PARK AVE RM 2220, NEW YORK, NY 10016-1623
- Signed the 990-PF
- MAUREEN HOWLEY, TREASURER
- Phone
- (212) 370-1165
- Website
- HTTP://PROSPECT-HILL.ORG/
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-PF on file |
IRS record
- EIN
- 13-6075567
- 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
- 1961
- Accounting year ends
- June
- Files
- Form 990-PF
- Assets (IRS master file)
- $78,420,645
- Income (IRS master file)
- $5,994,352
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2025 | $6,036,814 | $4,640,480 | $78,420,645 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990-PF | June 2024 | $2,128,010 | $4,312,261 | $76,184,498 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990-PF | June 2023 | $2,504,507 | $4,918,224 | $74,142,105 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990-PF | June 2022 | – | – | – | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990-PF | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990-PF | June 2020 | – | – | – | IRS |
| 990-PF | June 2019 | – | – | – | 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 13-6075567).
Questions about PROSPECT HILL FOUNDATION INC
- What is the EIN of PROSPECT HILL FOUNDATION INC?
- The employer identification number (EIN) of PROSPECT HILL FOUNDATION INC is 13-6075567.
- Is PROSPECT HILL FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1961.
- Are donations to PROSPECT HILL FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does PROSPECT HILL FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of PROSPECT HILL FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROSPECT HILL FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2025.
- Who are the officers and directors of PROSPECT HILL FOUNDATION INC?
- The 990-PF for the year ended June 30, 2025 lists 14 people; 3 received compensation from the organization, the highest $296,493 (PENNY F WILLGERODT, EXECUTIVE DIRECTOR).
- How much revenue does PROSPECT HILL FOUNDATION INC have?
- On its 990-PF for the year ended June 30, 2025 it reported revenue of $6,036,814, expenses of $4,640,480 and total assets of $78,420,645 at year end.
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