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Nonprofit · EIN 22-2548639

PANASONIC FOUNDATION INC

Tax-exempt · NEWARK, NJ 07102

Financials

$2.1M$1.7M2023$1.5M$1M2024
Revenue Expenses · by fiscal year end
Financials of PANASONIC FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$1,470,053$1,031,248$438,805$9,352,809$0$9,352,809
December 31, 2023990-PF$2,112,596$1,658,814$453,782$8,831,155$0$8,831,155
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$726,082
Dividends
$313,084
Net gain from sales of assets
$430,887

Expenses

Grants and similar amounts paid
$490,952
Compensation of officers, directors and key employees
$15,400
Disbursements for charitable purposes
$1,002,172
Excise tax on investment income
$9,937

Balance sheet and other

Total assets, start of year
$8,831,155
Total assets, end of year
$9,352,809
Total liabilities, end of year
$0
Net assets, end of year
$9,352,809
Fair market value of assets
$9,352,809
Qualifying distributions
$1,002,172
Net investment income
$743,971

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.

NameTitleHours / weekCompensation
GORDON KYVIK
TWO RIVERFRONT PLAZA, NEWARK, NJ 07102
ASSISTANT TREASURER1$15,400
JESSICA HODKINSON
TWO RIVERFRONT PLAZA, NEWARK, NJ 07102
DIRECTOR, BOARD CHAIR, SECRETARY1$0
KENJI SHIMONISHI
TWO RIVERFRONT PLAZA, NEWARK, NJ 07102
TREASURER1$0
AFIYA M JORDAN
TWO RIVERFRONT PLAZA, NEWARK, NJ 07102
ASSISTANT SECRETARY1$0
SCOTT R KIRCHNER
TWO RIVERFRONT PLAZA, NEWARK, NJ 07102
DIRECTOR1$0
ALLAN SWAN
TWO RIVERFRONT PLAZA, NEWARK, NJ 07102
DIRECTOR1$0
JEFFREY WERNER
TWO RIVERFRONT PLAZA, NEWARK, NJ 07102
DIRECTOR1$0
ANDRES A ALONSO
TWO RIVERFRONT PLAZA, NEWARK, NJ 07102
DIRECTOR1$0
990-PF for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
GORDON KYVIK
TWO RIVERFRONT PLAZA, NEWARK, NJ 07102
ASSISTANT TREASURER1$17,820
JESSICA HODKINSON
TWO RIVERFRONT PLAZA, NEWARK, NJ 07102
DIRECTOR, BOARD CHAIR, SECRETARY1$0
KENJI SHIMONISHI
TWO RIVERFRONT PLAZA, NEWARK, NJ 07102
TREASURER1$0
AFIYA M JORDAN
TWO RIVERFRONT PLAZA, NEWARK, NJ 07102
ASSISTANT SECRETARY1$0
LINDA WOODRUFF
TWO RIVERFRONT PLAZA, NEWARK, NJ 07102
DIRECTOR, BOARD CHAIR- TERM END 3/20231$0
SCOTT R KIRCHNER
TWO RIVERFRONT PLAZA, NEWARK, NJ 07102
DIRECTOR1$0
ALLAN SWAN
TWO RIVERFRONT PLAZA, NEWARK, NJ 07102
DIRECTOR1$0
JEFFREY WERNER
TWO RIVERFRONT PLAZA, NEWARK, NJ 07102
DIRECTOR1$0
ANDRES A ALONSO
TWO RIVERFRONT PLAZA, NEWARK, NJ 07102
DIRECTOR1$0
JUAN OTERO
TWO RIVERFRONT PLAZA, NEWARK, NJ 07102
DIRECTOR1$0

Address and contacts

Address (IRS master file)
TWO RIVERFRONT PLAZA, NEWARK, NJ 07102-5451
Signed the 990-PF
GORDON KYVIK, ASSISTANT TREASURER
Phone
(201) 392-6077
Return prepared by
ERNST & YOUNG US LLP

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
22-2548639
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
1985
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$9,352,809
Income (IRS master file)
$3,754,724

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$1,470,053$1,031,248$9,352,809XML
990-PFDecember 2023$2,112,596$1,658,814$8,831,155XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 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 22-2548639).

Questions about PANASONIC FOUNDATION INC

What is the EIN of PANASONIC FOUNDATION INC?
The employer identification number (EIN) of PANASONIC FOUNDATION INC is 22-2548639.
Is PANASONIC FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
Are donations to PANASONIC FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does PANASONIC FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of PANASONIC 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 PANASONIC 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 PANASONIC FOUNDATION INC?
The 990-PF for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $15,400 (GORDON KYVIK, ASSISTANT TREASURER).
How much revenue does PANASONIC FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,470,053, expenses of $1,031,248 and total assets of $9,352,809 at year end.

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