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Nonprofit · EIN 23-7087276

PEARSON ART FOUNDATION INC

Tax-exempt · RIDGEWOOD, NJ 07450

Financials

$100K$180K2022$152K$209K2023$37K$157K2024
Revenue Expenses · by fiscal year end
Financials of PEARSON ART FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990-PF$37,312$157,298-$119,986$1,916,111$2,254$1,913,857
September 30, 2024990-PF$151,729$208,608-$56,879$2,036,122$2,279$2,033,843
September 30, 2023990-PF$99,835$180,349-$80,514$2,093,055$2,334$2,090,721
Financial details: 990-PF for the year ended September 30, 2025

Revenue

Dividends
$21,460
Net gain from sales of assets
$17,700
Other income
-$1,848

Expenses

Grants and similar amounts paid
$20,000
Compensation of officers, directors and key employees
$73,800
Disbursements for charitable purposes
$47,500
Excise tax on investment income
$438

Balance sheet and other

Total assets, start of year
$2,036,122
Total assets, end of year
$1,916,111
Total liabilities, end of year
$2,254
Net assets, end of year
$1,913,857
Fair market value of assets
$1,418,816
Qualifying distributions
$47,500
Net investment income
$39,160

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 September 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
PERRY PEARSON
PO BOX 167, OKOBOJI, IA 51355
PRES PT15$49,800
KIMBERLY COOKE
12738 GOLD CUP TRAIL, MANASSAS, VA 20112
VP PT23$24,000
TERESA PEARSON
PO BOX 167, OKOBOJI, IA 51355
PRES PT1$0
ERIKA PEARSON
181 HOWELL ST APT 2, PROVIDENCE, RI 02906
VP PT0.1$0
LONNIE WOLLIN
124 PROSPECT ST, RIDGEWOOD, NJ 07450
SECY/TREAS P2$0
990-PF for the year ended September 30, 2024: 5 people
NameTitleHours / weekCompensation
PERRY PEARSON
PO BOX 167, OKOBOJI, IA 51355
PRES PT10$49,800
KIMBERLY COOKE
12738 GOLD CUP TRAIL, MANASSAS, VA 20112
VP PT23$24,000
TERESA PEARSON
PO BOX 167, OKOBOJI, IA 51355
VP PT1$0
ERIKA PEARSON
191 HOWELL ST APT 2, PROVIDENCE, RI 02906
VP PT0$0
LONNIE WOLLIN
124 PROSPECT ST, RIDEWOOD, NJ 07450
SECY/TREAS PT2$0
990-PF for the year ended September 30, 2023: 5 people
NameTitleHours / weekCompensation
PERRY PEARSON
PO BOX 167, OKOBOJI, IA 51355
PRES PT10$49,800
KIMBERLY COOKE
12738 GOLD CUP TRAIL, MANASSAS, VA 20112
VP PT23$24,000
TERESA PEARSON
PO BOX 167, OKOBOJI, IA 51355
VP PT1$0
ERIKA PEARSON
191 HOWELL ST APT 2, PROVIDENCE, RI 02906
VP PT0$0
LONNIE WOLLIN
124 PROSPECT ST, RIDEWOOD, NJ 07450
SECY/TREAS PT2$0

Address and contacts

Address (IRS master file)
124 PROSPECT ST, RIDGEWOOD, NJ 07450-4406
In care of
% WOLLIN & NEUSCHATZ
Signed the 990-PF
PERRY PEARSON, PRES PT
Phone
(201) 693-6666
Return prepared by
NEUSCHATZ NEUSCHATZ HERMAN & HANKE 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 September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 15, 2027Not due yet
2024September 30, 2025February 16, 2026990-PF on file
2023September 30, 2024February 17, 2025990-PF on file

IRS record

EIN
23-7087276
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private operating foundation
Donations deductible (Pub 78)
Private operating foundation, 50% limit
Exempt since
1970
Accounting year ends
September
Files
Form 990-PF
Assets (IRS master file)
$1,916,111
Income (IRS master file)
$161,294

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFSeptember 2025$37,312$157,298$1,916,111XML
990-PFSeptember 2024$151,729$208,608$2,036,122XML
990-PFSeptember 2023$99,835$180,349$2,093,055XML
990-PFSeptember 2022–––IRS
990-PFSeptember 2021–––IRS
990-PFSeptember 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 23-7087276).

Questions about PEARSON ART FOUNDATION INC

What is the EIN of PEARSON ART FOUNDATION INC?
The employer identification number (EIN) of PEARSON ART FOUNDATION INC is 23-7087276.
Is PEARSON ART FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1970.
Are donations to PEARSON ART FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
Which annual return does PEARSON ART FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of PEARSON ART FOUNDATION INC due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PEARSON ART FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended September 2025.
Who are the officers and directors of PEARSON ART FOUNDATION INC?
The 990-PF for the year ended September 30, 2025 lists 5 people; 2 received compensation from the organization, the highest $49,800 (PERRY PEARSON, PRES PT).
How much revenue does PEARSON ART FOUNDATION INC have?
On its 990-PF for the year ended September 30, 2025 it reported revenue of $37,312, expenses of $157,298 and total assets of $1,916,111 at year end.

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