Nonprofit · EIN 22-3612588
BMG STUDENT AID FUND INC
Tax-exempt · LAKEWOOD, NJ 08701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,404,479 | $1,331,624 | $72,855 | $605,296 | $0 | $605,296 |
| December 31, 2023 | 990 | $1,112,662 | $1,535,109 | -$422,447 | $441,609 | $0 | $441,609 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,149,126
- Program service revenue
- $0
- Investment income
- $21,089
- Net gain from sales of assets
- $15,410
- Other revenue
- $234,264
Expenses
- Grants and similar amounts paid
- $1,085,230
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $1,315,667
- Management and general (functional)
- $15,957
Balance sheet and other
- Total assets, start of year
- $441,609
- Total assets, end of year
- $605,296
- Total liabilities, end of year
- $0
- Net assets, end of year
- $605,296
- Publicly traded securities
- $428,296
- Net assets without donor restrictions
- $605,296
- Gross receipts
- $1,417,634
- Employees
- 0
- Year formed
- 1990
- State of legal domicile
- NJ
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 |
|---|---|---|---|
| MAYER BALSAM | TRUSTEE Officer | 1 | $0 |
| ARYEH L KLEIN | TRUSTEE Officer | 1 | $0 |
| YITZCHOK KOTLER | TRUSTEE Officer | 1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ARYEH L KLEIN | TRUSTEE Officer | 1 | $0 |
| YITZCHOK KOTLER | TRUSTEE Officer | 1 | $0 |
| ELI KUPERMAN | TRUSTEE Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 617 6TH ST, LAKEWOOD, NJ 08701-2709
- In care of
- % ELI KUPERMAN
- Principal officer (990 for 2024)
- ARYEH L KLEIN, 303 LAWRENCE AVENUE, LAKEWOOD, NJ 08701
- Signed the 990
- ARYEH L KLEIN, TRUSTEE
- Return prepared by
- GERSHON BIEGELEISEN & CO CPAS LLC
Mission
TO AID STUDENTS AND ALUMNI OF BMG
Program accomplishments
- STUDENT AID TO FUND UNFUNDED NEEDS OF NEEDY STUDENTS AND ALUMNIExpenses $1,315,667 · grants $1,085,230
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
- 22-3612588
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $605,296
- Income (IRS master file)
- $1,417,634
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,404,479 | $1,331,624 | $605,296 | IRS |
| 990 | December 2023 | $1,112,662 | $1,535,109 | $441,609 | XML |
| 990 | December 2022 | $940,391 | $900,982 | $771,691 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | 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 22-3612588).
Questions about BMG STUDENT AID FUND INC
- What is the EIN of BMG STUDENT AID FUND INC?
- The employer identification number (EIN) of BMG STUDENT AID FUND INC is 22-3612588.
- Is BMG STUDENT AID FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to BMG STUDENT AID FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BMG STUDENT AID FUND INC 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 BMG STUDENT AID FUND 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 BMG STUDENT AID FUND INC 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 BMG STUDENT AID FUND INC?
- The 990 for the year ended December 31, 2024 names ARYEH L KLEIN.
- Who are the officers and directors of BMG STUDENT AID FUND INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does BMG STUDENT AID FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,404,479, expenses of $1,331,624 and total assets of $605,296 at year end.
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