Nonprofit · EIN 36-6046879
BP FOUNDATION INC
Tax-exempt · HOUSTON, TX 77079
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $6,433,265 | $7,961,981 | -$1,528,716 | $3,248,643 | $106,655 | $3,141,988 |
| December 31, 2023 | 990-PF | $8,522,984 | $9,022,543 | -$499,559 | $4,761,253 | $89,935 | $4,671,318 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $6,000,000
- Interest
- $190,489
- Other income
- $242,776
Expenses
- Grants and similar amounts paid
- $7,218,711
- Compensation of officers, directors and key employees
- $104,180
- Salaries, compensation and benefits (total)
- $45,512
- Disbursements for charitable purposes
- $7,692,221
- Excise tax on investment income
- $2,590
Balance sheet and other
- Total assets, start of year
- $4,761,253
- Total assets, end of year
- $3,248,643
- Total liabilities, end of year
- $106,655
- Net assets, end of year
- $3,141,988
- Fair market value of assets
- $3,248,643
- Qualifying distributions
- $7,692,221
- Net investment income
- $190,489
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 | Other / benefits |
|---|---|---|---|---|
| TARA HARRISON 1101 NEW YORK AVENUE NW, WASHINGTON, DC 20005 | EXECUTIVE DIRECTOR | 6 | $41,653 | $25,529 |
| MARY STREETT 1101 NEW YORK AVENUE NW, WASHINGTON, DC 20005 | CHAIRMAN AND PRESIDENT | 0.5 | $0 | $0 |
| HANS BOAS 501 WESTLAKE PARK BLVD, HOUSTON, TX 77079 | DIRECTOR | 0.5 | $0 | $0 |
| CHAN BOODHAI 1 ST JAMESS SQUARE, LONDON, SW1Y 4PD, UK | DIRECTOR | 0.5 | $0 | $0 |
| ANDY ZONE 501 WESTLAKE PARK BLVD, HOUSTON, TX 77079 | CHIEF FINANCIAL OFFICER | 0.5 | $0 | $0 |
| DONALD L KETTERING 30 SOUTH WACKER DRIVE, CHICAGO, IL 60606 | TREASURER | 0.5 | $0 | $0 |
| NIKE THORPE 501 WESTLAKE PARK BLVD, HOUSTON, TX 77079 | CORPORATE SECRETARY | 0.5 | $0 | $0 |
| DAVID WERMAN 501 WESTLAKE PARK BLVD, HOUSTON, TX 77079 | GENERAL TAX OFFICER | 0.5 | $0 | $0 |
990-PF for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TARA HARRISON 1101 NEW YORK AVENUE NW, WASHINGTON, DC 20005 | EXECUTIVE DIRECTOR | 6 | $39,771 | $24,376 |
| ANSHUL MATHUR BANDRA KURLA COMPLEX BANDRA EAST, MUMBAI, 400051, IN | DIRECTOR | 0.5 | $0 | $0 |
| MARY STREETT 1101 NEW YORK AVENUE NW, WASHINGTON, DC 20005 | CHAIRMAN AND PRESIDENT | 0.5 | $0 | $0 |
| HANS BOAS 501 WESTLAKE PARK BLVD, HOUSTON, TX 77079 | DIRECTOR | 0.5 | $0 | $0 |
| CHAN BOODHAI 1 ST JAMESS SQUARE, LONDON, SW1Y 4PD, UK | DIRECTOR | 0.5 | $0 | $0 |
| ANDY ZONE 501 WESTLAKE PARK BLVD, HOUSTON, TX 77079 | CHIEF FINANCIAL OFFICER | 0.5 | $0 | $0 |
| CHIHEA RUCIA PEI 501 WESTLAKE PARK BLVD, HOUSTON, TX 77079 | GENERAL TAX OFFICER | 0.5 | $0 | $0 |
| DONALD L KETTERING 30 SOUTH WACKER DRIVE, CHICAGO, IL 60606 | TREASURER | 0.5 | $0 | $0 |
| NIKE THORPE 501 WESTLAKE PARK BLVD, HOUSTON, TX 77079 | CORPORATE SECRETARY | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 501 WESTLAKE PARK BLVD, HOUSTON, TX 77079-2604
- Signed the 990-PF
- DAVID WERMAN, OFFICER
- Phone
- (832) 861-0210
- Return prepared by
- PWC US TAX LLP
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
- 36-6046879
- 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
- 1953
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Human services (P12)
- Assets (IRS master file)
- $3,248,643
- Income (IRS master file)
- $6,433,265
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $6,433,265 | $7,961,981 | $3,248,643 | IRS |
| 990-PF | December 2023 | $8,522,984 | $9,022,543 | $4,761,253 | 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 36-6046879).
Questions about BP FOUNDATION INC
- What is the EIN of BP FOUNDATION INC?
- The employer identification number (EIN) of BP FOUNDATION INC is 36-6046879.
- Is BP FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1953.
- Are donations to BP FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does BP FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of BP 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 BP FOUNDATION INC 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 BP FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $41,653 (TARA HARRISON, EXECUTIVE DIRECTOR).
- How much revenue does BP FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $6,433,265, expenses of $7,961,981 and total assets of $3,248,643 at year end.
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