Nonprofit · EIN 20-5700697
KEMP FAM FOUNDATION
Tax-exempt · PENNINGTON, NJ 08534
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $458,858 | $174,785 | $284,073 | $2,754,991 | $0 | $2,754,991 |
| December 31, 2023 | 990 | $64,358 | $203,440 | -$139,082 | $2,400,843 | $0 | $2,400,843 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $458,858
- Net gain from sales of assets
- $390,330
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $140,209
- Compensation of officers, directors and key employees
- $32,936
- Salaries, compensation and benefits (total)
- $32,936
- Professional fundraising fees
- $0
- Program services (functional)
- $159,971
- Management and general (functional)
- $14,814
Balance sheet and other
- Total assets, start of year
- $2,400,843
- Total assets, end of year
- $2,754,991
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,754,991
- Publicly traded securities
- $2,678,644
- Gross receipts
- $3,901,549
- Employees
- 0
- Year formed
- 1999
- State of legal domicile
- NY
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BANK OF AMERICA NA | TRUSTEE Institutional trustee | 2 | $32,936 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BANK OF AMERICA NA | TRUSTEE Institutional trustee | 2 | $29,572 |
Address and contacts
- Address (IRS master file)
- PO BOX 1532, PENNINGTON, NJ 08534-0691
- In care of
- % MERRILL LYNCH TRUST COMPANY
- Principal officer (990 for 2024)
- BANK OF AMERICA, PO BOX 1532, PENNINGTON, NJ 08534
- Signed the 990
- BANK OF AMERICA N A, TRUSTEE
- Phone
- (212) 852-3049
- Return prepared by
- PWC US TAX LLP
Mission
TO DISTRIBUTE MONEY TO: THE FOUNDATION OF FULTON-MONTOMERY, NATHAN LITTAUER FOUNDATION, FOOTHILLS UNITED METHODIST CHURCH, AND MOUNTAIN VALLEY HOSPICE
Program accomplishments
- TO SUPPORT THE CHARITABLE MISSION OF OTHER CHARITABLE ORGANIZATIONSExpenses $140,208 · grants $140,208
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-5700697
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $2,754,991
- Income (IRS master file)
- $3,901,549
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $458,858 | $174,785 | $2,754,991 | IRS |
| 990 | December 2023 | $64,358 | $203,440 | $2,400,843 | XML |
| 990 | December 2022 | $154,969 | $253,824 | $2,534,470 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 20-5700697).
Questions about KEMP FAM FOUNDATION
- What is the EIN of KEMP FAM FOUNDATION?
- The employer identification number (EIN) of KEMP FAM FOUNDATION is 20-5700697.
- Is KEMP FAM FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to KEMP FAM FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does KEMP FAM FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of KEMP FAM 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 KEMP FAM FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of KEMP FAM FOUNDATION?
- The 990 for the year ended December 31, 2024 names BANK OF AMERICA.
- Who are the officers and directors of KEMP FAM FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 1 person; 1 received compensation from the organization, the highest $32,936 (BANK OF AMERICA NA, TRUSTEE).
- How much revenue does KEMP FAM FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $458,858, expenses of $174,785 and total assets of $2,754,991 at year end.
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