Nonprofit · EIN 27-4297287
BLUE WATERS FOUNDATION
Tax-exempt · BOCA GRANDE, FL 33921
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $191,516 | $171,619 | $19,897 | $2,166,221 | $0 | $2,166,221 |
| December 31, 2024 | 990-PF | $134,127 | $169,384 | -$35,257 | $2,146,901 | $0 | $2,146,901 |
| December 31, 2023 | 990-PF | $123,081 | $206,263 | -$83,182 | $2,181,930 | $0 | $2,181,930 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $95,453
- Interest
- $4,534
- Net gain from sales of assets
- $91,499
- Other income
- $30
Expenses
- Grants and similar amounts paid
- $149,500
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $151,725
- Excise tax on investment income
- $2,409
Balance sheet and other
- Total assets, start of year
- $2,146,901
- Total assets, end of year
- $2,166,221
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,166,221
- Fair market value of assets
- $2,741,120
- Qualifying distributions
- $151,725
- Net investment income
- $191,516
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KRISTIN ELBERT 4080 LOOMIS AVE, BOCA GRANDE, FL 33921 | PRESIDENT/SECRETARY | 5 | $0 |
| PHILLIP ELBERT 4080 LOOMIS AVE, BOCA GRANDE, FL 33921 | VICE PRESIDENT/TREASURER | 0.5 | $0 |
| CHARLES W ELBERT 1324 W SCHOOL ST, CHICAGO, IL 60657 | DIRECTOR | 0.5 | $0 |
| LINLEE ELBERT 1324 W SCHOOL ST, CHICAGO, IL 60657 | DIRECTOR | 0.5 | $0 |
| LAUREN E MCCOURT 1133 ROMONA ROAD, WILMETTE, IL 60091 | DIRECTOR | 0.5 | $0 |
| JAMES P MCCOURT III 1133 ROMONA ROAD, WILMETTE, IL 60091 | DIRECTOR | 0.5 | $0 |
990-PF for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KRISTIN ELBERT 4080 LOOMIS AVE, BOCA GRANDE, FL 33921 | PRESIDENT/SECRETARY | 5 | $0 |
| PHILLIP ELBERT 4080 LOOMIS AVE, BOCA GRANDE, FL 33921 | VICE PRESIDENT/TREASURER | 0.5 | $0 |
| CHARLES W ELBERT 1324 W SCHOOL ST, CHICAGO, IL 60657 | DIRECTOR | 0.5 | $0 |
| LINLEE ELBERT 1324 W SCHOOL ST, CHICAGO, IL 60657 | DIRECTOR | 0.5 | $0 |
| LAUREN E MCCOURT 1133 ROMONA ROAD, WILMETTE, IL 60091 | DIRECTOR | 0.5 | $0 |
| JAMES P MCCOURT III 1133 ROMONA ROAD, WILMETTE, IL 60091 | DIRECTOR | 0.5 | $0 |
990-PF for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KRISTIN ELBERT 4080 LOOMIS AVE, BOCA GRANDE, FL 33921 | PRESIDENT/SECRETARY | 5 | $0 |
| PHILLIP ELBERT 4080 LOOMIS AVE, BOCA GRANDE, FL 33921 | VICE PRESIDENT/TREASURER | 0.5 | $0 |
| CHARLES W ELBERT 1324 W SCHOOL ST, CHICAGO, IL 60657 | DIRECTOR | 0.5 | $0 |
| LINLEE ELBERT 1324 W SCHOOL ST, CHICAGO, IL 60657 | DIRECTOR | 0.5 | $0 |
| LAUREN E MCCOURT 1133 ROMONA ROAD, WILMETTE, IL 60091 | DIRECTOR | 0.5 | $0 |
| JAMES P MCCOURT III 1133 ROMONA ROAD, WILMETTE, IL 60091 | DIRECTOR | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1697, BOCA GRANDE, FL 33921-1697
- In care of
- % PHILLIP ELBERT
- Signed the 990-PF
- KRISTIN O ELBERT, PRESIDENT
- Phone
- (312) 608-1324
- Return prepared by
- FGMK 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 | 990-PF 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
- 27-4297287
- 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
- 2011
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $2,166,221
- Income (IRS master file)
- $513,032
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $191,516 | $171,619 | $2,166,221 | IRS |
| 990-PF | December 2024 | $134,127 | $169,384 | $2,146,901 | IRS |
| 990-PF | December 2023 | $123,081 | $206,263 | $2,181,930 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | 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 27-4297287).
Questions about BLUE WATERS FOUNDATION
- What is the EIN of BLUE WATERS FOUNDATION?
- The employer identification number (EIN) of BLUE WATERS FOUNDATION is 27-4297287.
- Is BLUE WATERS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to BLUE WATERS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does BLUE WATERS FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of BLUE WATERS 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 BLUE WATERS 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 BLUE WATERS FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does BLUE WATERS FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $191,516, expenses of $171,619 and total assets of $2,166,221 at year end.
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