Nonprofit · EIN 22-6053510
CHARLES L READ FOUNDATION
Tax-exempt · BAYSHORE, NY 11706
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $170,961 | $308,441 | -$137,480 | $4,144,585 | $0 | $4,144,585 |
| December 31, 2023 | 990-PF | -$8,550 | $279,207 | -$287,757 | $3,931,643 | $0 | $3,931,643 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $56,814
- Interest
- $6,990
- Net gain from sales of assets
- $106,469
- Other income
- $688
Expenses
- Grants and similar amounts paid
- $216,000
- Compensation of officers, directors and key employees
- $52,000
- Disbursements for charitable purposes
- $250,667
- Excise tax on investment income
- $2,060
Balance sheet and other
- Total assets, start of year
- $3,931,643
- Total assets, end of year
- $4,144,585
- Total liabilities, end of year
- $0
- Net assets, end of year
- $4,144,585
- Fair market value of assets
- $4,144,585
- Qualifying distributions
- $250,667
- Net investment income
- $165,517
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 |
|---|---|---|---|
| KATHRYN GALTON 78 MAIN ST UNIT 4, MADISON, NJ 07940 | SECY | 5 | $0 |
| RODGER K HERRIGEL 78 MAIN ST UNIT 4, MADISON, NJ 07940 | PRES | 5 | $0 |
| SAUL EISENBERG 78 MAIN ST UNIT 4, MADISON, NJ 07940 | TREAS | 5 | $0 |
| RICHARD EISENBERG 78 MAIN ST UNIT 4, MADISON, NJ 07940 | V.P | 5 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHRYN GALTON 78 MAIN ST UNIT 4, MADISON, NJ 07940 | SECY | 5 | $0 |
| RODGER K HERRIGEL 78 MAIN ST UNIT 4, MADISON, NJ 07940 | PRES | 5 | $0 |
| SAUL EISENBERG 78 MAIN ST UNIT 4, MADISON, NJ 07940 | TREAS | 5 | $0 |
| RICHARD EISENBERG 78 MAIN ST UNIT 4, MADISON, NJ 07940 | V.P | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 111 WOHSEEPEE DR, BAYSHORE, NY 11706-7122
- In care of
- % SAUL EISENBERG
- Signed the 990-PF
- SAUL EISENBERG TREASURER, TREASURER
- Phone
- (631) 666-6915
- Return prepared by
- SAUL EISENBERG
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
- 22-6053510
- 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
- 1956
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $4,144,585
- Income (IRS master file)
- $1,977,139
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $170,961 | $308,441 | $4,144,585 | XML |
| 990-PF | December 2023 | -$8,550 | $279,207 | $3,931,643 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about CHARLES L READ FOUNDATION
- What is the EIN of CHARLES L READ FOUNDATION?
- The employer identification number (EIN) of CHARLES L READ FOUNDATION is 22-6053510.
- Is CHARLES L READ FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1956.
- Are donations to CHARLES L READ FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CHARLES L READ FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CHARLES L READ 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 CHARLES L READ FOUNDATION 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 CHARLES L READ FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does CHARLES L READ FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $170,961, expenses of $308,441 and total assets of $4,144,585 at year end.
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