Nonprofit · EIN 31-1581087
GMC FOUNDATION INC
Tax-exempt · JERSEY CITY, NJ 07302
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $325,182 | $167,077 | $158,105 | $2,502,042 | $1,886 | $2,500,156 |
| December 31, 2023 | 990 | $350,591 | $143,730 | $206,861 | $2,343,287 | $0 | $2,343,287 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $325,182
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $167,077
Balance sheet and other
- Total assets, start of year
- $2,343,287
- Total assets, end of year
- $2,502,042
- Total liabilities, end of year
- $1,886
- Net assets, end of year
- $2,500,156
- Land, buildings and equipment
- $2,008,896
- Net assets without donor restrictions
- $2,500,156
- Gross receipts
- $325,182
- Employees
- 2
- Volunteers
- 5
- Year formed
- 1998
- State of legal domicile
- NJ
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 |
|---|---|---|---|
| MUHMMAD L SHAHID | TRUSTEE Trustee or director | 50 | $0 |
| ABDUL R CHAUDHRY | TRUSTEE Trustee or director | 24 | $0 |
| MUHAMMAD R CHAUDHRY | TRUSTEE Trustee or director | 24 | $0 |
| MUKHTAR A CHAUDHRY | TRUSTEE Trustee or director | 24 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MUHMMAD L SHAHID | TRUSTEE Trustee or director | 50 | $0 |
| ABDUL R CHAUDHRY | TRUSTEE Trustee or director | 24 | $0 |
| MUHAMMAD R CHAUDHRY | TRUSTEE Trustee or director | 24 | $0 |
| MUKHTAR A CHAUDHRY | TRUSTEE Trustee or director | 24 | $0 |
Address and contacts
- Address (IRS master file)
- 294 GROVE ST # 298, JERSEY CITY, NJ 07302-3603
- In care of
- % MUHAMMED L SHAHID
- Principal officer (990 for 2024)
- MUHAMMAD L SHAHID, 250 NEWARK AVE, JERSEY CITY, NJ 07302
- Signed the 990
- MUHAMMAD L SHAHID, MEMBER
- Phone
- (201) 333-2500
- Return prepared by
- Sheth Tax Inc
Mission
TO ESTABLISH AND MAINTAIN PLACE OF WORSHIP
Program accomplishments
- MAINTAINED PLACE OF PUBLIC WORSHIP & CONDUCTED COMMUNITY SERVICE WITH THE TEACHING OF OUR RELIGIOUS BELIEFExpenses $167,077 · revenue $325,182
What it must file and when
IRS records say it files Not required (church). Churches are not required to file. 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
- 31-1581087
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Church
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1998
- Accounting year ends
- December
- Files
- Not required (church)
- Category (NTEE)
- Religion-related (X40Z)
- Assets (IRS master file)
- $2,502,042
- Income (IRS master file)
- $325,182
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $325,182 | $167,077 | $2,502,042 | IRS |
| 990 | December 2023 | $350,591 | $143,730 | $2,343,287 | XML |
| 990 | December 2022 | $371,198 | $150,933 | $2,135,189 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 31-1581087).
Questions about GMC FOUNDATION INC
- What is the EIN of GMC FOUNDATION INC?
- The employer identification number (EIN) of GMC FOUNDATION INC is 31-1581087.
- Is GMC FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to GMC FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GMC FOUNDATION INC file?
- Form Not required (church). Churches are not required to file.
- When is the next return of GMC FOUNDATION 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 GMC FOUNDATION 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 GMC FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names MUHAMMAD L SHAHID.
- Who are the officers and directors of GMC FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does GMC FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $325,182, expenses of $167,077 and total assets of $2,502,042 at year end.
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