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Nonprofit · EIN 35-2550107

I THINK COMMUNITY FOUNDATION INC

Also known as JEFFREY W KOLHAGEN TTEE

Tax-exempt · DELRAY BEACH, FL 33445

Financials

$246K$147K2024
Revenue Expenses · by fiscal year end
Financials of I THINK COMMUNITY FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$246,044$147,340$98,704$138,386$0$138,386
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$225,760
Program service revenue
$0
Investment income
$0
Net income from fundraising events
$20,284
Other revenue
$20,284

Expenses

Grants and similar amounts paid
$146,609
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$147,340

Balance sheet and other

Total assets, start of year
$39,682
Total assets, end of year
$138,386
Total liabilities, end of year
$0
Net assets, end of year
$138,386
Gross receipts
$259,819
Employees
0
Volunteers
3
Year formed
2016
State of legal domicile
FL

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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
MICHAEL MILLERSECRETARY/TREASURER
Trustee or director
1$0$932,791$83,298
MICHAEL TOWNSENDPRESIDENT
Trustee or director
1$0$3,289$0
JOHNNY BENNETTDIRECTOR
Trustee or director
1$0$1,581$0

Address and contacts

Address (IRS master file)
1000 NW 17TH AVE, DELRAY BEACH, FL 33445-2555
In care of
% JEFF KOLHAGEN
Mailing address (990-N for 2018)
1000 NW 17th AVE, DELRAY BEACH FL 33445
Principal officer (990 for 2024)
MICHAEL MILLER, 1000 NW 17TH AVE, DELRAY BEACH, FL 33445
Principal officer (990-N for 2018)
MICHAEL L MILLER, 1000 NW 17th AVE, DELRAY BEACH FL 33445
Signed the 990
MICHAEL MILLER, SECRETARY/TREASURER
Phone
(561) 982-4700
Return prepared by
DOEREN MAYHEW

Mission

THE MISSION OF THE ITHINK COMMUNITY FOUNDATION IS TO IMPROVE THE LIVES OF CHILDREN AND FAMILIES IN THE COMMUNITIES WE SERVE.

990 for the year ended December 31, 2024

Program accomplishments

  • SCHOOL SUPPLIES AND HOLIDAY GIFTS FOR UNDERPRIVILEDGED CHILDREN.
    Expenses $88,375 · grants $88,375
  • COLLEGE SCHOLARSHIPS
    Expenses $33,800 · grants $33,800
  • HABITAT FOR HUMANITY - FUNISHINGS FOR HOMES
    Expenses $21,934 · grants $21,934
  • SUITS FOR HIGH SCHOOL SENIORS SPONSORSHIP
    Expenses $3,231 · grants $2,500

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
35-2550107
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
2016
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$138,386
Income (IRS master file)
$259,819

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990-EZDecember 2023$121,551$94,257$39,682IRS
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-N for 2018
Officer: MICHAEL L MILLER
December 31, 2018≤ $50,000 receipts––e-Postcard

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 I THINK COMMUNITY FOUNDATION INC

What is the EIN of I THINK COMMUNITY FOUNDATION INC?
The employer identification number (EIN) of I THINK COMMUNITY FOUNDATION INC is 35-2550107.
Is I THINK COMMUNITY FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
Are donations to I THINK COMMUNITY FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does I THINK COMMUNITY FOUNDATION 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 I THINK COMMUNITY 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 I THINK COMMUNITY 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 I THINK COMMUNITY FOUNDATION INC?
The 990 for the year ended December 31, 2024 names MICHAEL MILLER.
Who are the officers and directors of I THINK COMMUNITY FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does I THINK COMMUNITY FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $246,044, expenses of $147,340 and total assets of $138,386 at year end.

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