Nonprofit · EIN 16-1255123
BGM FOUNDATION
Tax-exempt · VESTAL, NY 13851
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| February 28, 2026 | 990-PF | $159,646 | $356,310 | -$196,664 | $2,518,167 | $0 | $2,518,167 |
| February 28, 2025 | 990-PF | $1,150,745 | $443,003 | $707,742 | $2,714,834 | $3 | $2,714,831 |
| February 29, 2024 | 990-PF | $1,071,719 | $345,152 | $726,567 | $2,007,089 | $0 | $2,007,089 |
Financial details: 990-PF for the year ended February 28, 2026
Revenue
- Dividends
- $80,691
- Net gain from sales of assets
- $78,955
Expenses
- Grants and similar amounts paid
- $342,050
- Disbursements for charitable purposes
- $343,675
- Excise tax on investment income
- $2,086
Balance sheet and other
- Total assets, start of year
- $2,714,834
- Total assets, end of year
- $2,518,167
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,518,167
- Fair market value of assets
- $2,876,790
- Qualifying distributions
- $343,675
- Net investment income
- $159,646
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 February 28, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Philip Akel 4137 University Court, Vestal, NY 13850 | Trustee | 0 | $0 |
| Ferris Akel III 29 Eagle Drive, Endwell, NY 137602568 | Trustee | 0 | $0 |
| RONALD AKEL 283 RIVERSIDE DR, BINGHAMTON, NY 13905 | Trustee | 0 | $0 |
990-PF for the year ended February 28, 2025: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Philip Akel 4137 University Court, Vestal, NY 13850 | Trustee | 0 | $0 |
| Ferris Akel III 29 Eagle Drive, Endwell, NY 137602568 | Trustee | 0 | $0 |
| RONALD AKEL 283 RIVERSIDE DR, BINGHAMTON, NY 13905 | Trustee | 0 | $0 |
990-PF for the year ended February 29, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Philip Akel 4137 University Court, Vestal, NY 13850 | Trustee | 0 | $0 |
| Ferris Akel III 29 Eagle Drive, Endwell, NY 137602568 | Trustee | 0 | $0 |
| RONALD AKEL 283 RIVERSIDE DR, BINGHAMTON, NY 13905 | Trustee | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 895, VESTAL, NY 13851-0895
- Signed the 990-PF
- RONALD AKEL, Trustee
- Phone
- (607) 763-8770
- Return prepared by
- Piaker & Lyons PC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in February, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | February 28, 2026 | July 15, 2026 | 990-PF on file |
| 2024 | February 28, 2025 | July 15, 2025 | 990-PF on file |
| 2023 | February 29, 2024 | July 15, 2024 | 990-PF on file |
IRS record
- EIN
- 16-1255123
- 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
- 1986
- Accounting year ends
- February
- Files
- Form 990-PF
- Assets (IRS master file)
- $2,518,167
- Income (IRS master file)
- $994,596
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | February 2026 | $159,646 | $356,310 | $2,518,167 | XML |
| 990-PF | February 2025 | $1,150,745 | $443,003 | $2,714,834 | XML |
| 990-PF | February 2024 | $1,071,719 | $345,152 | $2,007,089 | XML |
| 990-PF | February 2023 | – | – | – | IRS |
| 990-PF | February 2022 | – | – | – | IRS |
| 990-PF | February 2021 | – | – | – | IRS |
| 990-PF | February 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 16-1255123).
Questions about BGM FOUNDATION
- What is the EIN of BGM FOUNDATION?
- The employer identification number (EIN) of BGM FOUNDATION is 16-1255123.
- Is BGM FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to BGM FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does BGM FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of BGM FOUNDATION due?
- The return for tax year 2026 (the year ending February 28, 2027) is due July 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BGM FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended February 2026.
- Who are the officers and directors of BGM FOUNDATION?
- The 990-PF for the year ended February 28, 2026 lists 3 people; 0 received compensation from the organization.
- How much revenue does BGM FOUNDATION have?
- On its 990-PF for the year ended February 28, 2026 it reported revenue of $159,646, expenses of $356,310 and total assets of $2,518,167 at year end.
Other nonprofits in VESTAL
- UNITED MEDICAL ASSOCIATES PC EIN 16-1395906 · last filed 990 for 2024
- NYSARC INC EIN 15-0619307 · last filed 990 for 2024
- WSKG PUBLIC TELECOMMUNICATIONS COUNCIL EIN 15-0620345 · last filed 990 for 2025
- JEWISH COMMUNITY CENTER OF BINGHAMTON NEW YORK INC EIN 15-0547107 · last filed 990 for 2024
- UNITED WAY OF BROOME COUNTY INC EIN 15-0564074 · last filed 990 for 2025
- FOUR COUNTY LIBRARY SYSTEM EIN 15-0618269 · last filed 990 for 2024
- PUT GOD FIRST FOUNDATION EIN 87-4064687 · last filed 990-PF for 2025
- VESTAL HILLS MEMORIAL PARK ASSOCIATION INC EIN 15-0479650 · last filed 990 for 2025