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Nonprofit · EIN 23-2906721

MARKS FAMILY ASSOCIATION

Tax-exempt · PHILADELPHIA, PA 19107

Financials

$43K$23K2023$45K$33K2024
Revenue Expenses · by fiscal year end
Financials of MARKS FAMILY ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$45,358$33,455$11,903$182,650$2,200$180,450
December 31, 2023990-PF$43,143$22,970$20,173$170,747$2,200$168,547
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$8,218

Expenses

Grants and similar amounts paid
$0
Excise tax on investment income
$266

Balance sheet and other

Total assets, start of year
$170,747
Total assets, end of year
$182,650
Total liabilities, end of year
$2,200
Net assets, end of year
$180,450
Fair market value of assets
$182,651
Net investment income
$37,140

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
Stanley Mark
923 Race Street 2nd Floor, Philadelphia, PA 19107
President10$0
Chun S Mark
923 Race Street 2nd Floor, Philadelphia, PA 19107
Treasurer10$0
990-PF for the year ended December 31, 2023: 2 people
NameTitleHours / weekCompensation
Stanley Mark
923 Race Street 2nd Floor, Philadelphia, PA 19107
President10$0
Chun S Mark
923 Race Street 2nd Floor, Philadelphia, PA 19107
Treasurer10$0

Address and contacts

Address (IRS master file)
923 RACE STREET 2ND FLOOR, PHILADELPHIA, PA 19107-1805
Signed the 990-PF
Chun S Mark, Treasurer
Phone
(215) 923-9244
Return prepared by
KIM YEUNG LING PC

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
23-2906721
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
2002
Accounting year ends
December
Files
Form 990-PF
Category (NTEE)
Human services (P84)
Assets (IRS master file)
$182,650
Income (IRS master file)
$45,358

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$45,358$33,455$182,650XML
990-PFDecember 2023$43,143$22,970$170,747XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––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 23-2906721).

Questions about MARKS FAMILY ASSOCIATION

What is the EIN of MARKS FAMILY ASSOCIATION?
The employer identification number (EIN) of MARKS FAMILY ASSOCIATION is 23-2906721.
Is MARKS FAMILY ASSOCIATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
Are donations to MARKS FAMILY ASSOCIATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does MARKS FAMILY ASSOCIATION file?
Form 990-PF. Private foundations file every year.
When is the next return of MARKS FAMILY ASSOCIATION 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 MARKS FAMILY ASSOCIATION 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 MARKS FAMILY ASSOCIATION?
The 990-PF for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
How much revenue does MARKS FAMILY ASSOCIATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $45,358, expenses of $33,455 and total assets of $182,650 at year end.

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