Nonprofit · EIN 26-2552404
YHB CHARITABLE ENDOWMENT INC
Tax-exempt · WEST HARTFORD, CT 06107
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,807,781 | $2,725,709 | $4,082,072 | $28,564,715 | $0 | $28,564,715 |
| December 31, 2023 | 990 | $5,445,152 | $2,126,205 | $3,318,947 | $25,008,128 | $0 | $25,008,128 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,826,902
- Program service revenue
- $0
- Investment income
- $3,980,879
- Net gain from sales of assets
- $3,345,489
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,633,873
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $2,725,709
Balance sheet and other
- Total assets, start of year
- $25,008,128
- Total assets, end of year
- $28,564,715
- Total liabilities, end of year
- $0
- Net assets, end of year
- $28,564,715
- Publicly traded securities
- $28,564,715
- Net assets with donor restrictions
- $28,564,715
- Gross receipts
- $11,762,398
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2008
- State of legal domicile
- CT
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 |
|---|---|---|---|
| PAUL R MARTEL | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MARK W EVERETTE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| ANNE SPACE | TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL R MARTEL | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MARK W EVERETTE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| DR HOWARD MARK | BOARD MEMBER Trustee or director | 1 | $0 |
| BRENDA SULLIVAN | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 29 S MAIN ST STE 306, WEST HARTFORD, CT 06107-2417
- In care of
- % PAUL R MARTEL
- Mailing address (990-N for 2010)
- 29 South Main Street Suite 306, West Hartford CT 06107
- Principal officer (990 for 2024)
- PAUL R MARTEL, 29 SOUTH MAIN STREET SUITE 306, WEST HARTFORD, CT 06107
- Principal officer (990-N for 2010)
- Paul Martel, 29 South Main Street Suite 306, West Hartford CT 06107
- Signed the 990
- PAUL R MARTEL, PRESIDENT
- Phone
- (860) 561-7050
- Return prepared by
- HARPERWHITFIELD PC
Mission
YHB CHARITABLE ENDOWMENT WAS FORMED TO SERVE THE CHARITABLE INTERESTS OF ITS DONORS BY OFFERING INDIVIDUAL DONOR ADVISED FUNDS. SUCH FUNDS OFFER SIMPLICITY AND FLEXIBILITY AS TO THE TIMING, AMOUNTS AND BENEFICIARIES OF CHARITABLE DONATIONS. DONORS HAVE INPUT AS TO HOW FUND DOLLARS ARE INVESTED OR, WITH LARGER AMOUNTS, CAN ACCESS PERSONAL ASSET MANAGEMENT FOR THEIR FUND. DONORS CAN CREATE A LEGACY OF GIVING TO PERPETUATE FAMILY VALUES OR TO HONOR THE MEMORY OF A LOVED ONE.
Program accomplishments
- MANAGE A PORTFOLIO OF PHILANTHROPIC FUNDS TO INCREASE THE AMOUNT OF CHARITABLE FUNDING AVAILABLE TO NON-PROFITS AND ASSIST DONORS WITH THEIR PHILANTHROPIC GOALS.Expenses $2,725,709 · grants $2,633,873
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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
- 26-2552404
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $28,564,715
- Income (IRS master file)
- $11,762,398
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,807,781 | $2,725,709 | $28,564,715 | XML |
| 990 | December 2023 | $5,445,152 | $2,126,205 | $25,008,128 | XML |
| 990 | December 2022 | $8,698,157 | $2,108,588 | $21,606,319 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990-N for 2010 Officer: Paul Martel | December 31, 2010 | ≤ $50,000 receipts | – | – | e-Postcard |
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 26-2552404).
Questions about YHB CHARITABLE ENDOWMENT INC
- What is the EIN of YHB CHARITABLE ENDOWMENT INC?
- The employer identification number (EIN) of YHB CHARITABLE ENDOWMENT INC is 26-2552404.
- Is YHB CHARITABLE ENDOWMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to YHB CHARITABLE ENDOWMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does YHB CHARITABLE ENDOWMENT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of YHB CHARITABLE ENDOWMENT 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 YHB CHARITABLE ENDOWMENT 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 YHB CHARITABLE ENDOWMENT INC?
- The 990 for the year ended December 31, 2024 names PAUL R MARTEL.
- Who are the officers and directors of YHB CHARITABLE ENDOWMENT INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does YHB CHARITABLE ENDOWMENT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,807,781, expenses of $2,725,709 and total assets of $28,564,715 at year end.
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