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Nonprofit · EIN 26-3291424

CLEAVE FAMILY FOUNDATION

Tax-exempt · NORTHBROOK, IL 60062

Financials

$64K$74K2024$79K$75K2025
Revenue Expenses · by fiscal year end
Financials of CLEAVE FAMILY FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$78,657$74,659$3,998$894,251$0$894,251
December 31, 2024990-PF$64,333$73,572-$9,239$890,253$0$890,253
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Dividends
$36,646
Interest
$725
Net gain from sales of assets
$41,286

Expenses

Grants and similar amounts paid
$60,000
Disbursements for charitable purposes
$62,302
Excise tax on investment income
$934

Balance sheet and other

Total assets, start of year
$890,253
Total assets, end of year
$894,251
Total liabilities, end of year
$0
Net assets, end of year
$894,251
Fair market value of assets
$1,380,093
Qualifying distributions
$62,302
Net investment income
$79,181

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, 2025, highest compensation first.

NameTitleHours / weekCompensation
CAROL CLEAVE
135 REVERE DRIVE, NORTHBROOK, IL 60062
PRESIDENT/ TREASURER2$0
BENJAMIN N FEDER
135 REVERE DRIVE, NORTHBROOK, IL 60062
SECRETARY AND DIRECTOR2$0
KAREN VORREITER
135 REVERE DRIVE, NORTHBROOK, IL 60062
DIRECTOR2$0
BARBARA PERCE
135 REVERE DRIVE, NORTHBROOK, IL 60062
DIRECTOR2$0
DEBORAH CARLSON
135 REVERE DRIVE, NORTHBROOK, IL 60062
DIRECTOR2$0
990-PF for the year ended December 31, 2024: 5 people
NameTitleHours / weekCompensation
Carol Cleave
135 Revere Drive, Northbrook, IL 60062
President/Treasurer2$0
Benjamin N Feder
135 Revere Drive, Northbrook, IL 60062
Secretary and Director2$0
Karen Vorreiter
135 Revere Drive, Northbrook, IL 60062
Director2$0
Barbara Perce
135 Revere Drive, Northbrook, IL 60062
Director2$0
Deborah Carlson
135 Revere Drive, Northbrook, IL 60062
Director2$0

Address and contacts

Address (IRS master file)
135 REVERE DR, NORTHBROOK, IL 60062-1555
In care of
% BENJAMIN FEDER
Signed the 990-PF
CAROL CLEAVE, PRESIDENT/TREASURER
Phone
(866) 888-5157
Return prepared by
BDO USA

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, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
26-3291424
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
2009
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$894,251
Income (IRS master file)
$232,701

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025–––IRS
990-PFDecember 2024–––IRS
990-PFDecember 2023$58,597$69,020$899,492IRS
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about CLEAVE FAMILY FOUNDATION

What is the EIN of CLEAVE FAMILY FOUNDATION?
The employer identification number (EIN) of CLEAVE FAMILY FOUNDATION is 26-3291424.
Is CLEAVE FAMILY FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
Are donations to CLEAVE FAMILY FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does CLEAVE FAMILY FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of CLEAVE FAMILY FOUNDATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CLEAVE FAMILY FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2025.
Who are the officers and directors of CLEAVE FAMILY FOUNDATION?
The 990-PF for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
How much revenue does CLEAVE FAMILY FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $78,657, expenses of $74,659 and total assets of $894,251 at year end.

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