Nonprofit · EIN 34-1904019
CBC FOUNDATION
Tax-exempt · NOVELTY, OH 44072
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $3,066 | $58,301 | -$55,235 | $819,508 | $0 | $819,508 |
| December 31, 2023 | 990-PF | $5,929 | $61,877 | -$55,948 | $874,743 | $0 | $874,743 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $22,349
- Net gain from sales of assets
- -$19,283
Expenses
- Grants and similar amounts paid
- $48,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $48,000
- Excise tax on investment income
- $170
Balance sheet and other
- Total assets, start of year
- $874,743
- Total assets, end of year
- $819,508
- Total liabilities, end of year
- $0
- Net assets, end of year
- $819,508
- Fair market value of assets
- $982,619
- Qualifying distributions
- $48,000
- Net investment income
- $22,349
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERTA W LAPS 14675 RUSSEL LANE, NOVELTY, OH 44072 | TREASURER / SECRETARY | 2 | $0 |
| MARTHA S SHERWIN 9071 MCGURRIN ROAD, OAKLAND, CA 94605 | PRESIDENT | 1 | $0 |
| MICHAEL J SHERWIN 2270 S NORSE STREET, LAKEWOOD, CO 80228 | TRUSTEE | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERTA W LAPS 14675 RUSSEL LANE, NOVELTY, OH 44072 | TREASURER / SECRETARY | 2 | $0 |
| MARTHA S SHERWIN 9071 MCGURRIN ROAD, OAKLAND, CA 94605 | TRUSTEE | 1 | $0 |
| MICHAEL J SHERWIN 2270 S NORSE STREET, LAKEWOOD, CO 80228 | PRESIDENT | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 14675 RUSSELL LN, NOVELTY, OH 44072-9582
- In care of
- % MICHAEL SHERWIN
- Signed the 990-PF
- ROBERTA LAPS, TREASURER
- Phone
- (216) 621-0150
- Return prepared by
- REA & ASSOCIATES INC
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 | Not 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
- 34-1904019
- 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
- 1999
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $819,508
- Income (IRS master file)
- $243,528
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $3,066 | $58,301 | $819,508 | XML |
| 990-PF | December 2023 | $5,929 | $61,877 | $874,743 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2019 | – | – | – | IRS |
| 990-PF | 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 34-1904019).
Questions about CBC FOUNDATION
- What is the EIN of CBC FOUNDATION?
- The employer identification number (EIN) of CBC FOUNDATION is 34-1904019.
- Is CBC FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to CBC FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CBC FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CBC FOUNDATION 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 CBC FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of CBC FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does CBC FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $3,066, expenses of $58,301 and total assets of $819,508 at year end.
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