Nonprofit · EIN 37-1732764
PALM BEACH INDUSTRIAL PARK II INC
Tax-exempt · N PALM BEACH, FL 33408
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $885,673 | $217,545 | $668,128 | $3,468,961 | $264,713 | $3,204,248 |
| December 31, 2024 | 990 | $654,266 | $202,190 | $452,076 | $3,709,583 | $268,463 | $3,441,120 |
| December 31, 2023 | 990 | $667,588 | $210,261 | $457,327 | $3,592,779 | $108,642 | $3,484,137 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $18,573
- Net rental income
- $867,100
- Other revenue
- $867,100
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $187,029
- Salaries, compensation and benefits (total)
- $201,463
- Professional fundraising fees
- $0
- Legal fees
- $1,600
- Accounting fees
- $14,482
Balance sheet and other
- Total assets, start of year
- $3,709,583
- Total assets, end of year
- $3,468,961
- Total liabilities, end of year
- $264,713
- Net assets, end of year
- $3,204,248
- Land, buildings and equipment
- $3,135,901
- Gross receipts
- $1,354,023
- Employees
- 3
- Year formed
- 2013
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GERHARD JAKITS | PRESIDENT Trustee or director, Officer | 15 | $62,343 | $128,783 | $30,500 |
| GEORGE STECHEL | VICE-PRESIDE Trustee or director, Officer | 15 | $62,343 | $128,783 | $30,500 |
| MICHAEL STECHEL | COO AND SECR Trustee or director, Officer | 20 | $62,343 | $128,783 | $30,500 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GERHARD JAKITS | PRESIDENT Trustee or director, Officer | 20 | $62,343 | $128,272 | $30,500 |
| GEORGE STECHEL | VICE-PRESIDE Trustee or director, Officer | 20 | $62,343 | $91,605 | $22,901 |
| MICHAEL STECHEL | SECRETARY Trustee or director, Officer | 25 | $62,343 | $36,667 | $9,167 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GERHARD JAKITS | PRESIDENT Trustee or director, Officer | 17.5 | $62,343 | $122,651 | $30,000 |
| GEORGE STECHEL | VICE-PRESIDE Trustee or director, Officer | 17.5 | $62,343 | $122,651 | $30,000 |
| MICHAEL STECHEL | SECRETARY Trustee or director, Officer | 20 | $62,342 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 14486, N PALM BEACH, FL 33408-0486
- In care of
- % LAW OFFICES OF JODY H OLIVER PLLC
- Principal officer (990 for 2025)
- GEORGE STECHEL, 100 LAKESHORE DRIVE APT 253, NORTH PALM BEACH, FL 33408
- Signed the 990
- MICHAEL STECHEL, COO AND SECRETARY
- Phone
- (760) 943-7000
- Return prepared by
- JOSEPH C KEMPE PROFESSIONAL ASSOCIATION
Mission
TO HOLD TITLE TO REAL PROPERTY AND TURN OVER PROFITS FROM THE RENTAL ACTIVITY TO THE PARENT EXEMPT ORGANIZATION; THE LEO, CLAIRE & ROBERT ADENBAUM FOUNDATION (EIN: 11-6013398).
Program accomplishments
- THE ONLY PROGRAM SERVICE ACCOMPLISHMENT OF THE ORGANIZATION IS THE COLLECTION OF RENTS, PAYMENTS FOR ORDINARY AND NECESSARY EXPENSES TO MAINTAIN THE RENTAL PROPERTY, AND THE REMITTANCE OF THE EXCESS TO THE LEO, CLAIRE & ROBERT ADENBAUM FOUNDATION (EIN:11-6013398)FOR THE PURPOSE OF FULFILLING THE DONATION INTENT OF THE LEO, CLAIRE & ROBERT ADENBAUM FOUNDATION. THE NET RENTS COLLECTED ARE DETERMINED ANNUALLY AND THE ORGANIZATION REMITS ANY SHORTFALL BETWEEN NET RENTS AND AMOUNTS DISTRIBUTED TO THE LEO, CLAIRE & ROBERT ADENBAUM FOUNDATION DURING THE CURRENT YEAR IN THE SUCCEEDING TAX YEAR. NET RENTS FOR THE YEAR ENDED DECEMBER 31, 2025, WERE 668,128 AND 905,000 WAS PAID TO THE LEO, CLAIRE & ROBERT ADENBAUM FOUNDATION DURING 2025.Expenses $685,894 · revenue $1,335,450
- THE ONLY PROGRAM SERVICE ACCOMPLISHMENT OF THE ORGANIZATION IS THE COLLECTION OF RENTS, PAYMENTS FOR ORDINARY AND NECESSARY EXPENSES TO MAINTAIN THE RENTAL PROPERTY, AND THE REMITTANCE OF THE EXCESS TO THE LEO, CLAIRE & ROBERT ADENBAUM FOUNDATION (EIN:11-6013398)FOR THE PURPOSE OF FULFILLING THE DONATION INTENT OF THE LEO, CLAIRE & ROBERT ADENBAUM FOUNDATION.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 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
- 37-1732764
- Tax-exempt status
- 501(c)(2): Title-holding corporation
- Donations deductible
- No
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T12)
- Assets (IRS master file)
- $3,468,961
- Income (IRS master file)
- $1,354,023
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $885,673 | $217,545 | $3,468,961 | XML |
| 990 | December 2024 | $654,266 | $202,190 | $3,709,583 | IRS |
| 990 | December 2023 | $667,588 | $210,261 | $3,592,779 | XML |
| 990 | December 2022 | $711,767 | $313,059 | $3,665,731 | IRS |
| 990 | December 2021 | $594,053 | $381,665 | $3,695,592 | IRS |
| 990 | 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 37-1732764).
Questions about PALM BEACH INDUSTRIAL PARK II INC
- What is the EIN of PALM BEACH INDUSTRIAL PARK II INC?
- The employer identification number (EIN) of PALM BEACH INDUSTRIAL PARK II INC is 37-1732764.
- Is PALM BEACH INDUSTRIAL PARK II INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(2) since 2014.
- Are donations to PALM BEACH INDUSTRIAL PARK II INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PALM BEACH INDUSTRIAL PARK II 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 PALM BEACH INDUSTRIAL PARK II INC 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 PALM BEACH INDUSTRIAL PARK II INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of PALM BEACH INDUSTRIAL PARK II INC?
- The 990 for the year ended December 31, 2025 names GEORGE STECHEL.
- Who are the officers and directors of PALM BEACH INDUSTRIAL PARK II INC?
- The 990 for the year ended December 31, 2025 lists 3 people; 3 received compensation from the organization, the highest $62,343 (GERHARD JAKITS, PRESIDENT).
- How much revenue does PALM BEACH INDUSTRIAL PARK II INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $885,673, expenses of $217,545 and total assets of $3,468,961 at year end.
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