Nonprofit · EIN 25-1873198
FOUNDATION PROPERTY INC
Tax-exempt · STATE COLLEGE, PA 16803
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $13,405 | $20,773 | -$7,368 | $228,152 | $202,815 | $25,337 |
| December 31, 2023 | 990 | $38,813 | $19,703 | $19,110 | $248,449 | $215,744 | $32,705 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $13,404
- Program service revenue
- $1
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $925
- Accounting fees
- $1,210
- Depreciation
- $18,523
- Program services (functional)
- $7,441
- Management and general (functional)
- $8,881
- Fundraising (functional)
- $4,451
Balance sheet and other
- Total assets, start of year
- $248,449
- Total assets, end of year
- $228,152
- Total liabilities, end of year
- $202,815
- Net assets, end of year
- $25,337
- Land, buildings and equipment
- $209,966
- Net assets without donor restrictions
- $25,337
- Gross receipts
- $13,405
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1999
- State of legal domicile
- PA
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MOLLY KUNKEL | PRESIDENT/CEO Officer | 1 | $0 | $170,111 | $9,182 |
| TOM SONGER | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| CARI GUSTAFSON | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| JOE DIONISIO | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| ELLEN KLINE | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| KATE BENNETT TRUITT | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MOLLY KUNKEL | PRESIDENT/CEO Officer | 1 | $0 | $149,329 | $23,750 |
| DOLORES TARICANI | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| TOM SONGER | VICE-CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| CARI GUSTOFSON | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| JOE DIONISIO | TREASURER Trustee or director | 0.5 | $0 | $0 | $0 |
| ELLEN KLINE | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| KATE BENNETT TRUITT | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1377 RIDGE MASTER DR, STATE COLLEGE, PA 16803-3157
- Principal officer (990 for 2024)
- MOLLY KUNKEL, 1377 RIDGE MASTER DRIVE, STATE COLLEGE, PA 16803
- Signed the 990
- MOLLY KUNKEL, PRESIDENT/CEO
- Phone
- (814) 237-6229
- Return prepared by
- Fiore Fedeli Snyder Carothers LLP
Mission
THE PURPOSE OF THE CORPORATION IS TO RECEIVE GIFTS FROM THE PUBLIC, AND USE THOSE GIFTS TOGETHER WITH PART OR ALL OF THE INCOME AND/OR APPRECIATION TO MAKE GRANTS TO OR IN SUPPORT OF NON-PROFIT ORGANIZATIONS WHO ARE EXEMPT FROM TAX UNDER IRC SECTION 501(c)(3)
Program accomplishments
- FOUNDATION PROPERTY INC. WAS FORMED TO RECEIVE GIFTS FROM THE PUBLIC IN SUPPORT OF CENTRE FOUNDATION, INC. MORE SPECIFICALLY, THE ORGANIZATION RECEIVED A GIFT OF REAL PROPERTY WHICH IS PROVIDED TO THE FOUNDATION AND USED BY IT FOR ITS OFFICES.Expenses $7,441 · revenue $1
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
- 25-1873198
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $228,152
- Income (IRS master file)
- $13,405
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $13,405 | $20,773 | $228,152 | IRS |
| 990 | December 2023 | $38,813 | $19,703 | $248,449 | XML |
| 990 | December 2022 | $10,230 | $19,648 | $268,151 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 25-1873198).
Questions about FOUNDATION PROPERTY INC
- What is the EIN of FOUNDATION PROPERTY INC?
- The employer identification number (EIN) of FOUNDATION PROPERTY INC is 25-1873198.
- Is FOUNDATION PROPERTY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to FOUNDATION PROPERTY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does FOUNDATION PROPERTY INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of FOUNDATION PROPERTY 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 FOUNDATION PROPERTY 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 FOUNDATION PROPERTY INC?
- The 990 for the year ended December 31, 2024 names MOLLY KUNKEL.
- Who are the officers and directors of FOUNDATION PROPERTY INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does FOUNDATION PROPERTY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $13,405, expenses of $20,773 and total assets of $228,152 at year end.
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All nonprofits in STATE COLLEGE · Pennsylvania · Philanthropy, voluntarism and grantmaking foundations