Nonprofit · EIN 20-1325553
PHILIP BANKS MEMORIAL TRUST FUND
Tax-exempt · STUART, FL 34995
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $18,351 | $88,156 | -$69,805 | $242,043 | $0 | $242,043 |
| December 31, 2024 | 990-PF | $13,540 | $91,566 | -$78,026 | $311,848 | $0 | $311,848 |
| December 31, 2023 | 990-PF | $21,075 | $92,372 | -$71,297 | $389,874 | $0 | $389,874 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $10,549
- Net gain from sales of assets
- $7,802
Expenses
- Grants and similar amounts paid
- $62,311
- Compensation of officers, directors and key employees
- $20,188
- Disbursements for charitable purposes
- $62,311
- Excise tax on investment income
- $255
Balance sheet and other
- Total assets, start of year
- $311,848
- Total assets, end of year
- $242,043
- Total liabilities, end of year
- $0
- Net assets, end of year
- $242,043
- Fair market value of assets
- $254,239
- Qualifying distributions
- $62,311
- Net investment income
- $18,351
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LARRY M STEWART P O BOX 809, STUART, FL 34996 | Trustee | 3 | $20,188 |
990-PF for the year ended December 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LARRY M STEWART P O BOX 809, STUART, FL 34996 | Trustee | 3 | $25,231 |
990-PF for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LARRY M STEWART P O BOX 809, STUART, FL 34996 | Trustee | 3 | $26,032 |
Address and contacts
- Address (IRS master file)
- PO BOX 809, STUART, FL 34995-0809
- In care of
- % LARRY M STEWART
- Signed the 990-PF
- LARRY M STEWART, Trustee
- Phone
- (772) 283-8191
- Return prepared by
- Ferraro & Ferraro CPAs PA
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 | 990-PF 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
- 20-1325553
- 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 (T22)
- Assets (IRS master file)
- $242,043
- Income (IRS master file)
- $165,219
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $18,351 | $88,156 | $242,043 | XML |
| 990-PF | December 2024 | $13,540 | $91,566 | $311,848 | XML |
| 990-PF | December 2023 | $21,075 | $92,372 | $389,874 | 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 20-1325553).
Questions about PHILIP BANKS MEMORIAL TRUST FUND
- What is the EIN of PHILIP BANKS MEMORIAL TRUST FUND?
- The employer identification number (EIN) of PHILIP BANKS MEMORIAL TRUST FUND is 20-1325553.
- Is PHILIP BANKS MEMORIAL TRUST FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to PHILIP BANKS MEMORIAL TRUST FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does PHILIP BANKS MEMORIAL TRUST FUND file?
- Form 990-PF. Private foundations file every year.
- When is the next return of PHILIP BANKS MEMORIAL TRUST FUND due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PHILIP BANKS MEMORIAL TRUST FUND last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of PHILIP BANKS MEMORIAL TRUST FUND?
- The 990-PF for the year ended December 31, 2025 lists 1 person; 1 received compensation from the organization, the highest $20,188 (LARRY M STEWART, Trustee).
- How much revenue does PHILIP BANKS MEMORIAL TRUST FUND have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $18,351, expenses of $88,156 and total assets of $242,043 at year end.
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