Nonprofit · EIN 20-0510049
RAMAK FOUNDATION
Tax-exempt · CHARLESTON, SC 29412
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $1,156,711 | $132,188 | $1,024,523 | $2,897,969 | $0 | $2,897,969 |
| December 31, 2023 | 990-PF | $513,665 | $179,418 | $334,247 | $1,873,446 | $0 | $1,873,446 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $757,909
- Dividends
- $41,843
- Interest
- $14,402
- Net gain from sales of assets
- $342,557
Expenses
- Grants and similar amounts paid
- $105,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $105,000
- Excise tax on investment income
- $5,159
Balance sheet and other
- Total assets, start of year
- $1,873,446
- Total assets, end of year
- $2,897,969
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,897,969
- Fair market value of assets
- $3,348,746
- Qualifying distributions
- $105,000
- Net investment income
- $398,363
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 |
|---|---|---|---|
| AMANDA AVERS 773 WHISPERING MARSH DR, CHARLESTON, SC 29412 | PRESIDENT/SECRETARY/TRUSTEE | 1 | $0 |
| MICHAEL BEARSS 4710 MIDDLE BR, MONCLOVA, OH 43542 | V.P./TREASURER/TRUSTEE | 0.5 | $0 |
| ELDEAN NETTLES 1265 WEBB AVENUE, GARNETT, SC 29922 | TRUSTEE | 0.5 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMANDA AVERS 773 WHISPERING MARSH DR, CHARLESTON, SC 29412 | PRESIDENT/SECRETARY/TRUSTEE | 1 | $0 |
| MICHAEL BEARSS 4710 MIDDLE BR, MONCLOVA, OH 43542 | V.P./TREASURER/TRUSTEE | 0.5 | $0 |
| ELDEAN NETTLES 1265 WEBB AVENUE, GARNETT, SC 29922 | TRUSTEE | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 773 WHISPERING MARSH DR, CHARLESTON, SC 29412-4436
- In care of
- % RICHARD S BEARSS
- Signed the 990-PF
- AMANDA AYERS, TRUSTEE
- Phone
- (843) 696-1852
- Return prepared by
- MIRA & KOLENA LTD
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
- 20-0510049
- 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
- 2004
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $2,897,969
- Income (IRS master file)
- $2,915,176
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $1,156,711 | $132,188 | $2,897,969 | XML |
| 990-PF | December 2023 | $513,665 | $179,418 | $1,873,446 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | 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 20-0510049).
Questions about RAMAK FOUNDATION
- What is the EIN of RAMAK FOUNDATION?
- The employer identification number (EIN) of RAMAK FOUNDATION is 20-0510049.
- Is RAMAK FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to RAMAK FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does RAMAK FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of RAMAK FOUNDATION 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 RAMAK FOUNDATION 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 RAMAK FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does RAMAK FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,156,711, expenses of $132,188 and total assets of $2,897,969 at year end.
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