Nonprofit · EIN 23-7084119
LEO MODEL FOUNDATION INC
Tax-exempt · BENSALEM, PA 19020
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $3,684,713 | $2,871,066 | $813,647 | $47,230,157 | $91,728 | $47,138,429 |
| December 31, 2023 | 990-PF | $2,685,523 | $3,257,774 | -$572,251 | $46,510,577 | $185,795 | $46,324,782 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $697,120
- Net gain from sales of assets
- $1,190,634
- Other income
- $1,796,959
Expenses
- Grants and similar amounts paid
- $2,585,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $2,639,190
- Excise tax on investment income
- $46,473
Balance sheet and other
- Total assets, start of year
- $46,510,577
- Total assets, end of year
- $47,230,157
- Total liabilities, end of year
- $91,728
- Net assets, end of year
- $47,138,429
- Fair market value of assets
- $63,945,653
- Qualifying distributions
- $2,650,690
- Net investment income
- $3,572,312
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 |
|---|---|---|---|
| ALLEN MODEL 1500 WALNUT STREET SUITE 900, PHILADELPHIA, PA 19102 | PRESIDENT & ASSISTANT SECR | 0 | $0 |
| MARJORIE RUSSEL 500 EAST 63RD STREET 24K, NEW YORK, NY 10065 | VICE PRESIDENT & ASSISTANT | 0 | $0 |
| PAMELA GRACE ONE HANSON PLACE APT 25D, BROOKLYN, NY 11243 | SECRETARY | 0 | $0 |
| ROBERTA GAUSAS 1500 WALNUT STREET SUITE 900, PHILADELPHIA, PA 19102 | VICE PRESIDENT AND ASST SECRETARY | 0 | $0 |
| PAUL MODEL 17 WEST 71ST STREET 10A, NEW YORK, NY 10023 | VICE PRESIDENT AND TREASURER | 0 | $0 |
| KATHERINE MODEL 1500 WALNUT STREET SUITE 900, PHILADELPHIA, PA 19102 | DIRECTOR AND ASST SECRETARY | 0 | $0 |
| ZACHARY MODEL 1500 WALNUT STREET SUITE 900, PHILADELPHIA, PA 19102 | DIRECTOR AND ASST SECRETARY | 0 | $0 |
| SASCHA RUSSEL 1500 WALNUT STREET SUITE 900, PHILADELPHIA, PA 19102 | DIRECTOR AND ASST SECRETARY | 0 | $0 |
990-PF for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALLEN MODEL 1500 WALNUT STREET SUITE 409, PHILADELPHIA, PA 19102 | PRESIDENT & ASSISTANT SECR | 0 | $0 |
| MARJORIE RUSSEL 500 EAST 63RD STREET 24K, NEW YORK, NY 10065 | VICE PRESIDENT & ASSISTANT | 0 | $0 |
| PAMELA GRACE ONE HANSON PLACE APT 25D, BROOKLYN, NY 11243 | SECRETARY | 0 | $0 |
| ROBERTA GAUSAS 1500 WALNUT STREET SUITE 409, PHILADELPHIA, PA 19102 | VICE PRESIDENT AND ASST SECRETARY | 0 | $0 |
| PAUL MODEL 17 WEST 71ST STREET 10A, NEW YORK, NY 10023 | VICE PRESIDENT AND TREASURER | 0 | $0 |
| KATHERINE MODEL 1500 WALNUT STREET SUITE 409, PHILADELPHIA, PA 19102 | DIRECTOR AND ASST SECRETARY | 0 | $0 |
| ZACHARY MODEL 1500 WALNUT STREET SUITE 409, PHILADELPHIA, PA 19102 | DIRECTOR AND ASST SECRETARY | 0 | $0 |
| SASCHA RUSSEL 1500 WALNUT STREET SUITE 409, PHILADELPHIA, PA 19102 | DIRECTOR AND ASST SECRETARY | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 2617 STREET UNIT 240, BENSALEM, PA 19020-2864
- In care of
- % PETE MODEL
- Signed the 990-PF
- ALLEN MODEL, PRESIDENT
- Phone
- (215) 546-8058
- Return prepared by
- ARMANINO ADVISORY LLC
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
- 23-7084119
- 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
- 1970
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $47,230,157
- Income (IRS master file)
- $10,745,102
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $3,684,713 | $2,871,066 | $47,230,157 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $2,685,523 | $3,257,774 | $46,510,577 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | 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 23-7084119).
Questions about LEO MODEL FOUNDATION INC
- What is the EIN of LEO MODEL FOUNDATION INC?
- The employer identification number (EIN) of LEO MODEL FOUNDATION INC is 23-7084119.
- Is LEO MODEL FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1970.
- Are donations to LEO MODEL FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does LEO MODEL FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LEO MODEL 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 LEO MODEL 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 LEO MODEL FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does LEO MODEL FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $3,684,713, expenses of $2,871,066 and total assets of $47,230,157 at year end.
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