Nonprofit · EIN 13-6881103
CARMEL HILL FUND
Also known as ROBERT D GOLDFARB TTEE
Tax-exempt · NEW YORK, NY 10022
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $55,140,787 | $22,364,086 | $32,776,701 | $433,547,458 | $0 | $433,547,458 |
| December 31, 2023 | 990-PF | $10,306,355 | $16,680,805 | -$6,374,450 | $400,981,375 | $0 | $400,981,375 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $539,039
- Dividends
- $6,650,776
- Interest
- $66
- Net gain from sales of assets
- $47,863,567
- Other income
- $87,339
Expenses
- Grants and similar amounts paid
- $10,123,300
- Compensation of officers, directors and key employees
- $782,250
- Salaries, compensation and benefits (total)
- $3,862,271
- Disbursements for charitable purposes
- $21,901,155
- Excise tax on investment income
- $753,892
Balance sheet and other
- Total assets, start of year
- $400,981,375
- Total assets, end of year
- $433,547,458
- Total liabilities, end of year
- $0
- Net assets, end of year
- $433,547,458
- Fair market value of assets
- $522,658,234
- Qualifying distributions
- $22,183,108
- Net investment income
- $54,574,709
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 | Other / benefits |
|---|---|---|---|---|
| ITAI DINOUR 1 EAST 53RD STREET 3RD FL, NEW YORK, NY 10022 | EXECUTIVE DIRECTOR | 40 | $463,100 | $53,282 |
| FANON J HOWELL 1 EAST 53RD STREET 3RD FL, NEW YORK, NY 10022 | AREA DIRECTOR CHFEP Highest-paid employee | 40 | $358,925 | $34,864 |
| ARLENE FARRAND-BORGERSON 1 EAST 53RD STREET 3RD FL, NEW YORK, NY 10022 | FORMER EXECUTIVE DIRECTOR | 0 | $245,609 | $245,609 |
| KATE GARROWAY 1 EAST 53RD STREET 3RD FL, NEW YORK, NY 10022 | CHIEF OPERATING OFFICER | 40 | $226,777 | $37,391 |
| EILEEN M MCMAHON 1 EAST 53RD STREET 3RD FL, NEW YORK, NY 10022 | AREA DIRECTOR CHFEP Highest-paid employee | 40 | $211,314 | $63,490 |
| ALLISON PAINICH 1 EAST 53RD STREET 3RD FL, NEW YORK, NY 10022 | AREA DIRECTOR CHF EP Highest-paid employee | 40 | $174,855 | $7,282 |
| MARIA GARCIA 1 EAST 53RD STREET 3RD FL, NEW YORK, NY 10022 | IMPL SPECIALIST & ST Highest-paid employee | 40 | $158,886 | $25,715 |
| DAMARY GONZALEZ 1 EAST 53RD STREET 3RD FL, NEW YORK, NY 10022 | IMPLEMENTATION SPECI Highest-paid employee | 40 | $125,675 | $37,257 |
| SOPHIE BARRETT 1 EAST 53RD STREET 3RD FL, NEW YORK, NY 10022 | TRUSTEE AS OF 2/23/24 | 2 | $0 | $0 |
| ROBERT D GOLDFARB 1 EAST 53RD STREET 3RD FL, NEW YORK, NY 10022 | TRUSTEE | 2 | $0 | $0 |
| DANIEL LYNN MOSLEY 1 EAST 53RD STREET 3RD FL, NEW YORK, NY 10022 | TRUSTEE | 2 | $0 | $0 |
| ELIZABETH A RUANE 1 EAST 53RD STREET 3RD FL, NEW YORK, NY 10022 | TRUSTEE UNTIL 2/23/24 | 2 | $0 | $0 |
990-PF for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ITAI DINOUR 1 EAST 53RD STREET 3RD FL, NEW YORK, NY 10022 | EXECUTIVE DIRECTOR | 40 | $434,452 | $48,582 |
| ARLENE FARRAND-BORGERSON 1 EAST 53RD STREET 3RD FL, NEW YORK, NY 10022 | EXECUTIVE DIRECTOR | 40 | $403,394 | $523,797 |
| FANON J HOWELL 1 EAST 53RD STREET 3RD FL, NEW YORK, NY 10022 | AREA DIRECTOR CHFEP Highest-paid employee | 40 | $303,118 | $49,751 |
| EILEEN M MCMAHON 1 EAST 53RD STREET 3RD FL, NEW YORK, NY 10022 | AREA DIRECTOR CHFEP Highest-paid employee | 40 | $177,155 | $71,819 |
| ALLISON PAINICH 1 EAST 53RD STREET 3RD FL, NEW YORK, NY 10022 | AREA DIRECTOR CHF EP Highest-paid employee | 40 | $141,267 | $15,859 |
| MARIA GARCIA 1 EAST 53RD STREET 3RD FL, NEW YORK, NY 10022 | IMPL SPECIALIST & ST Highest-paid employee | 40 | $140,204 | $26,459 |
| SAYLEE VAN VALKENBURGH 1 EAST 53RD STREET 3RD FL, NEW YORK, NY 10022 | IMPL SPECIALIST & ST Highest-paid employee | 40 | $109,976 | $64,937 |
| ROBERT D GOLDFARB 1 EAST 53RD STREET 3RD FL, NEW YORK, NY 10022 | TRUSTEE | 2 | $0 | $0 |
| DANIEL LYNN MOSLEY 1 EAST 53RD STREET 3RD FL, NEW YORK, NY 10022 | TRUSTEE | 2 | $0 | $0 |
| ELIZABETH A RUANE 1 EAST 53RD STREET 3RD FL, NEW YORK, NY 10022 | TRUSTEE | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 E 53RD ST 3RD FL, NEW YORK, NY 10022-4234
- Signed the 990-PF
- ITAI DINOUR, EXECUTIVE DIRECTOR
- Phone
- (347) 719-0755
- Website
- CARMELHILL.ORG
- Return prepared by
- RSM US LLP
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
- 13-6881103
- 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
- 1987
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $433,547,458
- Income (IRS master file)
- $176,068,873
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $55,140,787 | $22,364,086 | $433,547,458 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $10,306,355 | $16,680,805 | $400,981,375 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | 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 13-6881103).
Questions about CARMEL HILL FUND
- What is the EIN of CARMEL HILL FUND?
- The employer identification number (EIN) of CARMEL HILL FUND is 13-6881103.
- Is CARMEL HILL FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to CARMEL HILL FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CARMEL HILL FUND file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CARMEL HILL FUND 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 CARMEL HILL FUND 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 CARMEL HILL FUND?
- The 990-PF for the year ended December 31, 2024 lists 12 people; 8 received compensation from the organization, the highest $463,100 (ITAI DINOUR, EXECUTIVE DIRECTOR).
- How much revenue does CARMEL HILL FUND have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $55,140,787, expenses of $22,364,086 and total assets of $433,547,458 at year end.
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