Nonprofit · EIN 20-2631734
KENNETH D BANE FOUNDATION INC
Tax-exempt · SALEM, MA 01970
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $2,083 | $32,982 | -$30,899 | $44,285 | $0 | $44,285 |
| December 31, 2023 | 990-PF | $2,551 | $33,916 | -$31,365 | $63,694 | $0 | $63,694 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $1,983
- Interest
- $100
Expenses
- Grants and similar amounts paid
- $14,063
- Disbursements for charitable purposes
- $1,367
- Excise tax on investment income
- $189
Balance sheet and other
- Total assets, start of year
- $63,694
- Total assets, end of year
- $44,285
- Total liabilities, end of year
- $0
- Net assets, end of year
- $44,285
- Fair market value of assets
- $137,489
- Qualifying distributions
- $1,367
- Net investment income
- $13,573
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 |
|---|---|---|---|
| Barbara Bane 530 Loring Ave 302, Salem, MA 01970 | VP | 1 | $0 |
| Jared Bane 530 Loring Ave 302, Salem, MA 01970 | VP | 1 | $0 |
| KENNETH D BANE 530 Loring Ave 302, Salem, MA 01970 | PRES/DIR/SEC | 1 | $0 |
| Lauren Bane 530 Loring Ave 302, Salem, MA 01970 | VP | 1 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Barbara Bane 530 Loring Ave 302, Salem, MA 01970 | VP | 1 | $0 |
| Jared Bane 530 Loring Ave 302, Salem, MA 01970 | VP | 1 | $0 |
| KENNETH D BANE 530 Loring Ave 302, Salem, MA 01970 | PRES/DIR/SEC | 1 | $0 |
| Lauren Bane 530 Loring Ave 302, Salem, MA 01970 | VP | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 530 LORING AVENUE, SALEM, MA 01970-4256
- In care of
- % FINER FINANCIAL & TAX INC
- Signed the 990-PF
- KENNETH BANE, PRES
- Phone
- (978) 744-8228
- Return prepared by
- FINER FINANCIAL & TAX INC
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
- 20-2631734
- 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
- 2005
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $44,285
- Income (IRS master file)
- $2,083
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $2,083 | $32,982 | $44,285 | XML |
| 990-PF | December 2023 | $2,551 | $33,916 | $63,694 | 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 20-2631734).
Questions about KENNETH D BANE FOUNDATION INC
- What is the EIN of KENNETH D BANE FOUNDATION INC?
- The employer identification number (EIN) of KENNETH D BANE FOUNDATION INC is 20-2631734.
- Is KENNETH D BANE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to KENNETH D BANE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does KENNETH D BANE FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of KENNETH D BANE FOUNDATION INC 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 KENNETH D BANE FOUNDATION INC 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 KENNETH D BANE FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does KENNETH D BANE FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $2,083, expenses of $32,982 and total assets of $44,285 at year end.
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All nonprofits in SALEM · Massachusetts · Community improvement and capacity building