Nonprofit · EIN 38-3378231
KEITH A IVERSON FOUNDATION
Tax-exempt · BLOOMFLD HLS, MI 48304
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $523,514 | $331,452 | $192,062 | $4,352,314 | $0 | $4,352,314 |
| December 31, 2023 | 990-PF | $398,582 | $309,452 | $89,130 | $4,160,252 | $0 | $4,160,252 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $282,875
- Dividends
- $102,600
- Interest
- $236
- Net gain from sales of assets
- $137,803
Expenses
- Grants and similar amounts paid
- $250,000
- Compensation of officers, directors and key employees
- $25,000
- Disbursements for charitable purposes
- $250,000
- Excise tax on investment income
- $2,386
Balance sheet and other
- Total assets, start of year
- $4,160,252
- Total assets, end of year
- $4,352,314
- Total liabilities, end of year
- $0
- Net assets, end of year
- $4,352,314
- Fair market value of assets
- $4,945,469
- Qualifying distributions
- $250,000
- Net investment income
- $240,639
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 |
|---|---|---|---|
| Amy M Corbin 1570 N Milford Rd, Highland, MI 48357 | President/Director | 1 | $5,000 |
| Clifford T Iverson 1570 N Milford Rd, Highland, MI 48357 | Vice President/Director | 1 | $5,000 |
| John M Foster 300 East Long Lake Road Suite 360, Bloomfield Hills, MI 48304 | Treasurer/Director | 2 | $5,000 |
| Mark D Hamlin 1570 N Milford Rd, Highland, MI 48357 | Secretary/Director | 1 | $5,000 |
| Michael H Russell 1570 N Milford Rd, Highland, MI 48357 | Vice President/Director | 1 | $5,000 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Amy M Corbin 1570 N Milford Rd, Highland, MI 48357 | President/Director | 1 | $3,000 |
| Clifford T Iverson 1570 N Milford Rd, Highland, MI 48357 | Vice President/Director | 1 | $3,000 |
| John M Foster 300 East Long Lake Road Suite 360, Bloomfield Hills, MI 48304 | Treasurer/Director | 2 | $3,000 |
| Mark D Hamlin 1570 N Milford Rd, Highland, MI 48357 | Secretary/Director | 1 | $3,000 |
| Michael H Russell 1570 N Milford Rd, Highland, MI 48357 | Vice President/Director | 1 | $3,000 |
Address and contacts
- Address (IRS master file)
- 300 E LONG LAKE RD STE 360, BLOOMFLD HLS, MI 48304-2377
- In care of
- % KEITH A IVERSON
- Signed the 990-PF
- John M Foster, Treasurer
- Phone
- (248) 646-9666
- Return prepared by
- Janz & Knight PLC CPAs
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
- 38-3378231
- 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
- 1997
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20Z)
- Assets (IRS master file)
- $4,352,314
- Income (IRS master file)
- $523,514
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $523,514 | $331,452 | $4,352,314 | IRS |
| 990-PF | December 2023 | $398,582 | $309,452 | $4,160,252 | 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 38-3378231).
Questions about KEITH A IVERSON FOUNDATION
- What is the EIN of KEITH A IVERSON FOUNDATION?
- The employer identification number (EIN) of KEITH A IVERSON FOUNDATION is 38-3378231.
- Is KEITH A IVERSON FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to KEITH A IVERSON FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does KEITH A IVERSON FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of KEITH A IVERSON 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 KEITH A IVERSON 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 KEITH A IVERSON FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 5 people; 5 received compensation from the organization, the highest $5,000 (Amy M Corbin, President/Director).
- How much revenue does KEITH A IVERSON FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $523,514, expenses of $331,452 and total assets of $4,352,314 at year end.
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